LINDEN ADVISORS LP Q2 2025 Filing
Filed August 14, 2025
Portfolio Value
$16.3B
Holdings
376
Report Date
Q2 2025
Filing Type
13F-HR
All Holdings (376 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | MSTRMICROSTRATEGY INC 0.625 03/15/2030 144A | 274,640,000 | $764.9B | 4695.44% | |
| 2 | COIN 0.25 04/01/30COINBASE GLOBAL INC 0.25 04/01/2030 144A | 384,176,000 | $503.0B | 3087.80% | |
| 3 | TCOM 0.75 06/15/29TRIP COM GROUP LTD 0.75 06/15/2029 144A | 362,635,000 | $402.4B | 2470.15% | |
| 4 | SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC NOTE 3.50 3/1/2029 | 362,108,000 | $378.4B | 2322.58% | |
| 5 | LI 0.25 05/01/28LI AUTO INC 0.25 05/01/2028 | 271,707,000 | $323.0B | 1982.95% | |
| 6 | ZTO 1.5 09/01/27ZTO EXPRESS KY INC 1.5 09/01/2027 | 324,304,000 | $322.6B | 1980.10% | |
| 7 | TMDX 1.5 06/01/28TRANSMEDICS GROUP INC 1.5 06/01/2028 | 181,374,000 | $291.1B | 1786.79% | |
| 8 | SIRI 3.75 03/15/28LIBERTY MEDIA CORP 3.75 03/15/2028 | 278,210,000 | $290.4B | 1782.64% | |
| 9 | LITE 0.5 06/15/28LUMENTUM HOLDINGS INC 0.5 06/15/2028 | 242,826,000 | $251.3B | 1542.62% | |
| 10 | MMYT 0 02/15/28MAKEMYTRIP LIMITED 0 02/15/2028 | 93,255,000 | $238.2B | 1461.96% | |
| 11 | DKNG 0 03/15/28DRAFTKINGS HOLDINGS INC 0 03/15/2028 | 243,873,000 | $218.9B | 1343.97% | |
| 12 | PTON 5.5 12/01/29PELOTON INTERACTIVE INC 5.5 12/01/2029 | 117,950,000 | $216.5B | 1328.73% | |
| 13 | MKSI 1.25 06/01/30MKS INC 1.25 06/01/2030 | 217,136,000 | $214.7B | 1317.94% | |
| 14 | MSTR 2.25 06/15/32MICROSTRATEGY INC 2.25 06/15/2032 | 98,959,000 | $212.6B | 1304.89% | |
| 15 | SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC 1.25 09/15/2027 | 284,547,000 | $208.8B | 1281.64% | |
| 16 | IRTC 1.5 09/01/29IRHYTHM TECHNOLOGIES INC 1.5 09/01/2029 | 156,346,000 | $200.3B | 1229.64% | |
| 17 | ASND 2.25 04/01/28ASCENDIS PHARMA A/S 2.25 04/01/2028 | 154,747,000 | $193.9B | 1190.11% | |
| 18 | FIVN 1 03/15/29FIVE9 INC 1 03/15/2029 | 221,411,000 | $193.8B | 1189.52% | |
| 19 | SMTC 1.625 11/01/27SEMTECH CORP 1.625 11/01/2027 | 133,664,000 | $191.7B | 1176.49% | |
| 20 | CYTK 3.5 07/01/27CYTOKINETICS INC 3.5 07/01/2027 | 175,652,000 | $186.7B | 1145.86% | |
| 21 | MSTR 0.875 03/15/31MICROSTRATEGY INC 0.875 03/15/2031 | 98,404,000 | $185.4B | 1137.87% | |
| 22 | EXAS 0.375 03/15/27EXACT SCIENCES CORP 0.375 03/15/2027 | 186,841,000 | $178.5B | 1095.67% | |
| 23 | GVA 3.25 06/15/30GRANITE CONSTRUCTION INC 3.25 06/15/2030 | 128,347,000 | $175.6B | 1077.73% | |
| 24 | LITE 0.5 12/15/26LUMENTUM HOLDINGS INC 0.5 12/15/2026 | 147,425,000 | $173.5B | 1064.86% | |
| 25 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY 2.25 09/15/2030 | 192,690,000 | $173.3B | 1064.06% | |
| 26 | HAE 2.5 06/01/29HAEMONETICS CORP 2.5 06/01/2029 | 163,707,000 | $163.1B | 1000.89% | |
| 27 | CFLT 0 01/15/27CONFLUENT INC 0 01/15/2027 | 171,645,000 | $160.2B | 983.42% | |
| 28 | ITRI 1.375 07/15/30ITRON INC 1.375 07/15/2030 144A | 133,316,000 | $158.8B | 974.79% | |
| 29 | BE 3 06/01/29BLOOM ENERGY CORP 3 06/01/2029 144A | 108,816,000 | $154.1B | 945.80% | |
| 30 | EXAS 0.375 03/01/28EXACT SCIENCES CORP 0.375 03/01/2028 | 163,997,000 | $149.6B | 918.45% | |
| 31 | RPD 0.25 03/15/27RAPID7 INC 0.25 03/15/2027 | 157,312,000 | $145.4B | 892.46% | |
| 32 | VAC 3.25 12/15/27MARRIOTT VACATION WORLDW 3.25 12/15/2027 | 155,299,000 | $145.2B | 891.29% | |
| 33 | PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP 3.5 03/01/2030 | 123,950,000 | $143.8B | 882.50% | |
| 34 | ETSY 0.125 09/01/27ETSY INC 0.125 09/01/2027 | 160,328,000 | $143.5B | 880.95% | |
| 35 | HTHT 3 05/01/26H WORLD GROUP LTD 3 05/01/2026 | 134,142,000 | $141.9B | 871.10% | |
| 36 | DOCN 0 12/01/26DIGITALOCEAN HOLDINGS 0 12/01/2026 | 151,166,000 | $141.4B | 867.96% | |
| 37 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC 2.25 02/01/2029 | 148,048,000 | $138.6B | 850.85% | |
| 38 | LRN 1.125 09/01/27STRIDE INC 1.125 09/01/2027 | 48,554,000 | $135.1B | 829.51% | |
| 39 | BE 3 06/01/28BLOOM ENERGY CORP 3 06/01/2028 | 89,648,000 | $133.1B | 816.85% | |
| 40 | CNMD 2.25 06/15/27CONMED CORP 2.25 06/15/2027 | 139,675,000 | $132.6B | 814.27% | |
| 41 | PI 1.125 05/15/27IMPINJ INC 1.125 05/15/2027 | 104,399,000 | $130.1B | 798.88% | |
| 42 | ETSY 0.25 06/15/28ETSY INC 0.25 06/15/2028 | 148,500,000 | $127.7B | 783.60% | |
| 43 | CAMT 0 12/01/26CAMTEK LTD/ISRAEL 0 12/01/2026 | 82,907,000 | $127.5B | 782.71% | |
| 44 | IDCC 3.5 06/01/27INTERDIGITAL INC 3.5 06/01/2027 | 43,457,000 | $126.8B | 778.10% | |
| 45 | SPHR 3.5 12/01/28SPHERE ENTERTAINMENT CO 3.5 12/01/2028 | 87,400,000 | $122.8B | 753.77% | |
| 46 | COLL 2.875 02/15/29COLLEGIUM PHARMA INC 2.875 02/15/2029 | 112,550,000 | $121.0B | 742.98% | |
| 47 | LYFT 0.625 03/01/29LYFT INC 0.625 03/01/2029 | 112,566,000 | $120.8B | 741.29% | |
| 48 | VAC 0 01/15/26MARRIOTT VACATION WORLDW 0 01/15/2026 | 123,703,000 | $120.1B | 737.22% | |
| 49 | SNAP 0.5 05/01/30SNAP INC 0.5 05/01/2030 144A | 139,062,000 | $118.2B | 725.30% | |
| 50 | CSGS 3.875 09/15/28CSG SYSTEMS INTERNATIONA 3.875 09/15/2028 | 103,292,000 | $116.8B | 717.14% | |
| 51 | PD 1.5 10/15/28 *PAGERDUTY INC 1.5 10/15/2028 | 112,236,000 | $107.3B | 658.50% | |
| 52 | EVH 3.5 12/01/29EVOLENT HEALTH INC 3.5 12/01/2029 | 125,100,000 | $106.7B | 654.85% | |
| 53 | LIVN 2.5 03/15/29LIVANOVA PLC 2.5 03/15/2029 | 103,415,000 | $104.8B | 643.17% | |
| 54 | PCRX 2.125 05/15/29PACIRA BIOSCIENCES INC 2.125 05/15/2029 | 106,970,000 | $104.7B | 642.67% | |
| 55 | ENOV 3.875 10/15/28ENOVIS CORP 3.875 10/15/2028 | 102,348,000 | $101.1B | 620.76% | |
| 56 | TDOC 1.25 06/01/27TELADOC HEALTH INC 1.25 06/01/2027 | 108,153,000 | $99.9B | 613.36% | |
| 57 | ENPH 0 03/01/28ENPHASE ENERGY INC 0 03/01/2028 | 121,632,000 | $99.4B | 610.31% | |
| 58 | LITE 1.5 12/15/29LUMENTUM HOLDINGS INC 1.5 12/15/2029 | 64,536,000 | $99.2B | 608.68% | |
| 59 | BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC 2.5 03/15/2027 | 78,930,000 | $98.7B | 605.87% | |
| 60 | CSIQ 2.5 10/01/25CANADIAN SOLAR INC 2.5 10/01/2025 | 101,231,000 | $98.4B | 603.74% | |
| 61 | HALO 0.25 03/01/27HALOZYME THERAPEUTICS IN 0.25 03/01/2027 | 97,930,000 | $97.6B | 599.27% | |
| 62 | VECO 2.875 06/01/29VEECO INSTRUMENTS INC 2.875 06/01/2029 | 90,825,000 | $96.5B | 592.38% | |
| 63 | WK 1.25 08/15/28WORKIVA INC 1.25 08/15/2028 | 100,775,000 | $93.7B | 575.13% | |
| 64 | AEIS 2.5 09/15/28ADVANCED ENERGY IND 2.5 09/15/2028 | 77,052,000 | $92.5B | 567.84% | |
| 65 | WB 1.375 12/01/30WEIBO CORP 1.375 12/01/2030 | 80,676,000 | $90.5B | 555.79% | |
| 66 | TNDM 1.5 03/15/29 2024TANDEM DIABETES CARE INC 1.5 03/15/2029 144A | 93,250,000 | $90.0B | 552.49% | |
| 67 | TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC 2.25 03/01/2029 | 94,068,000 | $89.7B | 550.80% | |
| 68 | GH 0 11/15/27GUARDANT HEALTH INC 0 11/15/2027 | 97,440,000 | $88.6B | 543.83% | |
| 69 | GH 1.25 02/15/31GUARDANT HEALTH INC 1.25 02/15/2031 | 76,067,000 | $88.5B | 543.16% | |
| 70 | BABA 0.5 06/01/31ALIBABA GROUP HOLDING 0.5 06/01/2031 | 68,872,000 | $88.0B | 540.09% | |
| 71 | JAMF 0.125 09/01/26JAMF HOLDING CORP 0.125 09/01/2026 | 91,540,000 | $86.3B | 529.63% | |
| 72 | SPB 3.375 06/01/29SPECTRUM BRANDS INC 3.375 06/01/2029 | 93,800,000 | $85.4B | 524.05% | |
| 73 | CALY 2.75 05/01/26TOPGOLF CALL BRAN CORP 2.75 05/01/2026 | 87,703,000 | $85.2B | 523.23% | |
| 74 | DBX 0 03/01/26DROPBOX INC 0 03/01/2026 | 84,279,000 | $83.6B | 513.30% | |
| 75 | WDC 3 11/15/28WESTERN DIGITAL CORP 3 11/15/2028 | 45,952,000 | $82.5B | 506.54% | |
| 76 | BL 1 06/01/29BLACKLINE INC 1 06/01/2029 | 76,660,000 | $81.6B | 501.11% | |
| 77 | AMPH 2 03/15/29AMPHASTAR PHARMACEUTICAL 2 03/15/2029 | 92,674,000 | $80.4B | 493.63% | |
| 78 | PEB 1.75 12/15/26PEBBLEBROOK HOTEL TRUST 1.75 12/15/2026 | 84,853,000 | $80.3B | 493.12% | |
| 79 | DVAX 2 03/15/30DYNAVAX TECHNOLOGIES 2 03/15/2030 144A | 86,148,000 | $78.2B | 480.30% | |
| 80 | NVST 1.75 08/15/28ENVISTA HOLDINGS CORP 1.75 08/15/2028 | 83,302,000 | $77.5B | 476.03% | |
| 81 | WGO 3.25 01/15/30WINNEBAGO INDUSTRIES 3.25 01/15/2030 | 89,479,000 | $77.3B | 474.72% | |
| 82 | GVA 3.75 05/15/28GRANITE CONSTRUCTION INC 3.75 05/15/2028 | 36,931,000 | $76.9B | 471.86% | |
| 83 | IMCR 2.5 02/01/30IMMUNOCORE HOLDINGS 2.5 02/01/2030 | 83,886,000 | $72.6B | 445.58% | |
| 84 | LNTH 2.625 12/15/27LANTHEUS HOLDINGS INC 2.625 12/15/2027 | 55,940,000 | $71.1B | 436.48% | |
| 85 | JBTM 0.25 05/15/26JBT MAREL CORP 0.25 05/15/2026 | 69,871,000 | $69.6B | 427.20% | |
| 86 | ON 0.5 03/01/29ON SEMICONDUCTOR CORP 0.5 03/01/2029 | 74,231,000 | $68.7B | 421.94% | |
| 87 | INVA 2.125 03/15/28INNOVIVA INC 2.125 03/15/2028 | 67,896,000 | $68.4B | 419.66% | |
| 88 | ECPG 4 03/15/29ENCORE CAPITAL GROUP INC 4 03/15/2029 | 71,460,000 | $67.5B | 414.25% | |
| 89 | PRO 2.5 07/01/30PROS HOLDINGS INC 2.5 07/01/2030 144A | 62,350,000 | $67.4B | 413.96% | |
| 90 | IONS 0 04/01/26IONIS PHARMACEUTICALS IN 0 04/01/2026 | 64,522,000 | $65.2B | 399.94% | |
| 91 | INN 1.5 02/15/26SUMMIT HOTEL PROPERTIES 1.5 02/15/2026 | 67,307,000 | $65.1B | 399.54% | |
| 92 | EB 0.75 09/15/26EVENTBRITE INC 0.75 09/15/2026 | 70,231,000 | $63.1B | 387.64% | |
| 93 | FVICN 3.75 06/30/29FORTUNA MINING CORP 3.75 06/30/2029 144A | 47,888,000 | $61.9B | 380.15% | |
| 94 | QTWO 0.75 06/01/26Q2 HOLDINGS INC 0.75 06/01/2026 | 51,317,000 | $60.8B | 373.17% | |
| 95 | CIFR 1.75 05/15/30CIPHER MINING 1.75 05/15/2030 | 47,000,000 | $60.0B | 368.17% | |
| 96 | UPST 0.25 08/15/26UPSTART HOLDINGS INC 0.25 08/15/2026 | 62,463,000 | $59.2B | 363.31% | |
| 97 | FLR 1.125 08/15/29FLUOR CORP 1.125 08/15/2029 | 43,947,000 | $57.7B | 354.45% | |
| 98 | WWAYFAIR INC 3.5 11/15/2028 | 42,100,000 | $56.9B | 349.39% | |
| 99 | RGEN 1 12/15/28REPLIGEN CORP 1 12/15/2028 | 56,841,000 | $56.5B | 346.66% | |
| 100 | BBCN 3 02/15/29BLACKBERRY LTD 3 02/15/2029 | 38,971,000 | $55.4B | 340.19% |
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