Linden Advisors LP

Registered adviser

CIK

1279396

Location

New York, NY

Portfolio Value

Mid $2,096,820,144

Diversification

Diversified

Filing Date

Global Rank

#1,532 / 8,817 ▲ 122

Top Industry

Shell Companies 85.5%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 135431

Roster of Oct 1, 2026

Regulatory AUM

$38,784,484,000

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

2 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$38,171,377,000 gross assets

LEI

549300RZS21MS2DKVC77

Private funds on Schedule D 7.B.(1)

As filed Sep 3, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$18,191,577,000 gross assets in 2 funds Hedge funds $18,191,577,000 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$38,784,484,000	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$27,295,352,000	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$18,764,749,000	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$15,131,441,000	Pooled investment vehicles (100%)
Apr 2023	$15,131,441,000	Pooled investment vehicles (100%)
Apr 2022 to Mar 2023	$26,014,894,000	Pooled investment vehicles (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 18.9%, 62.5 effective positions, active share 93.7% against the Nasdaq-100 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

86.2% over the last four quarters (30% to under 100%)

Horizon

Short horizon

Value-weighted holding period 2.8 quarters (under 4)

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 93.7%; sector active share 78.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

456 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.6%

+9.2 pts

Top 5

14.6%

+8.8 pts

Top 10

18.9%

+7.8 pts

HHI

160

Diversified+91

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	86.0%	$1,804,039,057	405
Communication Services	10.8%	$225,592,261	6
Utilities	0.8%	$16,139,951	4
Technology	0.7%	$14,800,003	12
Unclassified	0.6%	$13,133,870	6
Healthcare	0.4%	$8,669,084	10
Industrials	0.3%	$7,154,000	6
Real Estate	0.2%	$5,154,659	2
Energy	0.1%	$2,137,259	2
Consumer Cyclical	0.0%	$0	2
Basic Materials	0.0%	$0	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
TDACW	Translational Development Acquisition Corp.	+1,017,932	1,317,931	$0
SVAQW	Silicon Valley Acquisition Corp.	+877,623	1,252,622	$0
SAC	Safeguard Acquisition Corp.	+760,000	1,510,000	$15,190,600
—		+628,098	965,597	$0
IPXG	Inflection Point Acquisition Corp. VII	+550,000	1,550,000	$15,717,000
TDAC	Translational Development Acquisition Corp.	+550,000	1,150,000	$12,293,500
SVIV	Spring Valley Acquisition Corp. IV	+500,000	1,300,000	$13,234,000
MEVOW	M Evo Global Acquisition Corp II	+436,736	1,036,735	$0
KBON	Karbon Capital Partners Corp.	+392,822	1,492,822	$15,077,502
EVOX	Evolution Global Acquisition Corp	+290,000	1,491,000	$14,939,820
DRDB	Roman DBDR Acquisition Corp. II	+250,000	750,000	$7,901,250
CEPF	Cantor Equity Partners IV, Inc.	+229,860	1,229,860	$12,790,544
KRSP	Rice Acquisition Corp 3	+224,451	474,451	$4,981,735
HCAC	Hall Chadwick Acquisition Corp	+190,000	890,000	$8,935,600
HAVAR	Harvard Ave Acquisition Corp	+175,000	425,000	$0
NWAX	New America Acquisition I Corp.	+124,116	824,116	$8,364,777
TLNCW	Talon Capital Corp.	+96,491	955,698	$0
SPKLW	Spark I Acquisition Corp	+50,100	200,100	$0
FACT	FACT II Acquisition Corp.	+6,032	306,032	$3,253,120
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
—		−735,000	386,356	$301,357
CCXI	Churchill Capital Corp XI	−692,770	307,230	$5,361,163
ATIIW	Archimedes Tech SPAC Partners II Co.	−356,824	504,138	$0
NKLR	Terra Innovatum Global N.V.	−282,693	171,535	$843,952
NUCLW	Eagle Nuclear Energy Corp.	−267,547	643,876	$0
XNDU	Xanadu Quantum Technologies Ltd	−160,353	339,170	$4,107,348
ATII	Archimedes Tech SPAC Partners II Co.	−151,727	848,273	$9,144,382
DYNC	Dynamix Corp	−100,000	719,611	$7,764,602
CCXIW	Churchill Capital Corp XI	−50,000	49,999	$0
BCAR	D. Boral ARC Acquisition I Corp.	−41,271	1,558,729	$0
BCARW	D. Boral ARC Acquisition I Corp.	−25,250	1,178,340	$0
KDKRW	Kodiak AI, Inc.	−811	1,754,950	$1,298,663
REVBW	Revelation Biosciences, Inc.	−358	337,752	$0
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
GOOG	Alphabet Inc.	314,480	$111,115,218
GOOGL	Alphabet Inc.	309,980	$110,777,552
HOOD	Robinhood Markets, Inc.	226,725	$22,735,983
CUB	Lionheart Holdings	2,000,000	$21,540,000
IACO	Idea Acquisition Corp.	1,750,000	$17,342,500
CAII	Collective Acquisition Corp. II	1,700,000	$16,830,000
IPFX	Inflection Point Acquisition Corp. VI	1,500,000	$15,510,000
AACI	Armada Acquisition Corp. III	1,400,000	$13,986,000
AACO	Abony Acquisition Corp. I	1,350,000	$13,365,000
KEYY	Keystone Acquisition Corp.	1,300,000	$12,818,000
HACQ	HCM IV Acquisition Corp.	1,250,000	$12,537,500
MTNE	CH4 Natural Solutions Corp	1,150,000	$11,327,500
CXII	Churchill Capital Corp XII	1,000,000	$10,650,000
HCIC	Hennessy Capital Investment Corp. VIII	1,050,000	$10,426,500
MZYX	MOZAYYX Acquisition Corp.	1,000,000	$9,970,000
ACAA	Averin Capital Acquisition Corp.	1,000,000	$9,960,000
PAAC	Proem Acquisition Corp. I	1,000,000	$9,940,000
GCGR	General Catalyst Global Resilience Merger Corp.	962,603	$9,712,664
TMTS	Spartacus Acquisition Corp. II	950,000	$9,509,500
NHIV	NewHold Investment Corp IV	950,000	$9,500,000
ILLU	Illumination Acquisition Corp. I	950,000	$9,405,000
LGND	Ligand Pharmaceuticals Inc	27,426	$8,669,084
TRGS	TRG Latin America Acquisitions Corp.	875,000	$8,653,750
YICCU	Yorkville International Capital Corp.	800,000	$8,032,000
TVIVU	Texas Ventures Acquisition IV Corp	800,000	$8,000,000
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CRGY	Crescent Energy Co	1,326,700	$17,910,450
IACOU	Idea Acquisition Corp.	1,750,000	$17,342,500
IPFXU	Inflection Point Acquisition Corp. VI	1,500,000	$15,180,000
AACIU	Armada Acquisition Corp. III	1,400,000	$13,944,000
AACOU	Abony Acquisition Corp. I	1,350,000	$13,419,000
HACQU	HCM IV Acquisition Corp.	1,250,000	$12,537,500
TMS	Teamshares Inc	1,100,000	$11,440,000
HCICU	Hennessy Capital Investment Corp. VIII	1,050,000	$10,500,000
PAACU	Proem Acquisition Corp. I	1,000,000	$10,010,000
ACAAU	Averin Capital Acquisition Corp.	1,000,000	$10,000,000
TMTSU	Spartacus Acquisition Corp. II	950,000	$9,538,000
ILLUU	Illumination Acquisition Corp. I	950,000	$9,424,000
TRGSU	TRG Latin America Acquisitions Corp.	875,000	$8,706,250
GPAT	GP-Act III Acquisition Corp.	797,584	$8,645,810
PALOU	Paloma Acquisition Corp I	800,000	$7,984,000
FAC	Factorial Energy Inc.	750,000	$7,691,250
FMACU	Future Money Acquisition Corp	750,000	$7,492,500
GFUZ	General Fusion Group Ltd.	714,749	$7,261,849
WLIIU	Willow Lane Acquisition Corp. II	600,000	$6,060,000
RANG	Range Capital Acquisition Corp.	500,000	$5,260,000
CEPO	Cantor Equity Partners I, Inc.	434,241	$4,559,530
PONOU	Pono Capital Four, Inc.	375,000	$3,742,500
CAQUU	Cambridge Acquisition Corp.	350,000	$3,486,000
LI	Li Auto Inc.	159,900	$2,851,017
HDRN	Hadron Energy, Inc.	250,000	$2,662,500
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

456 tracked positions · $2,096,820,144 total · filing declares 638 positions · $19,304,166,908 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 456 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
GOOG	Alphabet Inc. Communication Services	NEW	314,480	NEW	$111,115,218	NEW	1	$357.39	5.30%
GOOGL	Alphabet Inc. Communication Services	NEW	309,980	NEW	$110,777,552	NEW	1	$359.97	5.28%
HOOD	Robinhood Markets, Inc. Financial Services	NEW	226,725	NEW	$22,735,983	NEW	1	$83.72	1.08%
SBXDF	SilverBox Corp IV Financial Services	Held	2,000,000	0	$21,620,000	+1.0%	7	$10.04	1.03%
CUB	Lionheart Holdings Financial Services	NEW	2,000,000	NEW	$21,540,000	NEW	1	$10.81	1.03%
		Held	1,865,000	0	$19,265,450	+1.1%	5	unpriced	0.92%
TVAI	Thayer Ventures Acquisition Corp II Financial Services	Held	1,750,000	0	$18,060,000	+1.1%	4	$10.01	0.86%
ZKP	Lafayette Digital Acquisition Corp. I Financial Services	Held	1,800,000	0	$17,946,000	+1.1%	2	$9.88	0.86%
RNGT	Range Capital Acquisition Corp II Financial Services	Held	1,729,896	0	$17,489,248	+1.1%	3	$9.99	0.83%
IACO	Idea Acquisition Corp. Financial Services	NEW	1,750,000	NEW	$17,342,500	NEW	1	$9.88	0.83%
CAII	Collective Acquisition Corp. II Financial Services	NEW	1,700,000	NEW	$16,830,000	NEW	1	unpriced	0.80%
TLNC	Talon Capital Corp. Financial Services	Held	1,622,152	0	$16,724,387	+1.1%	3	$10.07	0.80%
TONT	Graf Global Corp. Financial Services	Held	1,500,000	0	$16,275,000	+1.3%	7	$10.04	0.78%
JENA	JENA ACQUISITION Corp II Financial Services	Held	1,550,000	0	$16,058,000	+1.4%	4	$10.14	0.77%
		Held	1,550,000	0	$15,996,000	+3.0%	2	$9.99	0.76%
ARTC	Art Technology Acquisition Corp. Financial Services	Held	1,600,000	0	$15,888,000	+1.2%	2	unpriced	0.76%
SORN	Soren Acquisition Corp. Financial Services	Held	1,600,000	0	$15,872,000	+0.4%	2	unpriced	0.76%
TACO	Berto Acquisition Corp. Financial Services	Held	1,500,000	0	$15,735,000	+2.3%	5	unpriced	0.75%
IPXG	Inflection Point Acquisition Corp. VII Financial Services	Added	1,550,000	+550,000	$15,717,000	+59.9%	2	$9.87	0.75%
PMTR	Perimeter Acquisition Corp. I Financial Services	Held	1,500,000	0	$15,630,000	+1.6%	5	unpriced	0.75%
IPFX	Inflection Point Acquisition Corp. VI Financial Services	NEW	1,500,000	NEW	$15,510,000	NEW	1	$10.35	0.74%
EGHA	EGH Acquisition Corp. Financial Services	Held	1,500,000	0	$15,435,000	+0.8%	4	$10.02	0.74%
GTEN	Gores Holdings X, Inc. Financial Services	Held	1,475,000	0	$15,384,250	+1.9%	5	unpriced	0.73%
ONEN	ONE Nuclear Energy Inc. Utilities	Held	1,463,732	0	$15,295,999	+1.0%	6	$9.93	0.73%
SAC	Safeguard Acquisition Corp. Financial Services	Added	1,510,000	+760,000	$15,190,600	—	2	unpriced	0.72%
KBON	Karbon Capital Partners Corp. Financial Services	Added	1,492,822	+392,822	$15,077,502	+36.3%	2	$10.07	0.72%
IRHO	Iron Horse Acquisition II Corp. Financial Services	Held	1,500,000	0	$15,045,000	+1.7%	2	$9.87	0.72%
SCII	SC II Acquisition Corp. Financial Services	Held	1,498,500	0	$15,029,955	+0.6%	2	$9.98	0.72%
EVOX	Evolution Global Acquisition Corp Financial Services	Added	1,491,000	+290,000	$14,939,820	+24.9%	3	unpriced	0.71%
FGII	FG Imperii Acquisition Corp. Financial Services	Held	1,500,000	0	$14,895,000	+0.3%	2	unpriced	0.71%
MLAA	Mountain Lake Acquisition Corp. II Financial Services	Held	1,500,000	0	$14,895,000	+0.8%	2	unpriced	0.71%
MKLY	McKinley Acquisition Corp Financial Services	Held	1,445,000	0	$14,666,750	+1.2%	3	$9.95	0.70%
KCHV	Kochav Defense Acquisition Corp. Financial Services	Held	1,400,000	0	$14,518,000	+1.2%	4	$10.02	0.69%
CCII	Cohen Circle Acquisition Corp. II Financial Services	Held	1,394,511	0	$14,363,463	+0.8%	4	$10.11	0.69%
AACI	Armada Acquisition Corp. III Financial Services	NEW	1,400,000	NEW	$13,986,000	NEW	1	$9.92	0.67%
XCBE	X3 Acquisition Corp. Ltd. Financial Services	Held	1,400,000	0	$13,986,000	+1.5%	2	unpriced	0.67%
LPBB	Launch Two Acquisition Corp. Financial Services	Held	1,296,800	0	$13,901,696	+0.9%	6	$10.12	0.66%
RDAG	Republic Digital Acquisition Co Financial Services	Held	1,325,023	0	$13,674,237	+0.9%	5	unpriced	0.65%
DSAC	Daedalus Special Acquisition Corp. Financial Services	Held	1,350,000	0	$13,621,500	+1.8%	2	$9.96	0.65%
AACO	Abony Acquisition Corp. I Financial Services	NEW	1,350,000	NEW	$13,365,000	NEW	1	$9.89	0.64%
SVIV	Spring Valley Acquisition Corp. IV Financial Services	Added	1,300,000	+500,000	$13,234,000	+67.6%	2	unpriced	0.63%
KFII	K&F Growth Acquisition Corp. II Financial Services	Held	1,250,000	0	$13,187,500	+1.2%	6	unpriced	0.63%
KEYY	Keystone Acquisition Corp. Financial Services	NEW	1,300,000	NEW	$12,818,000	NEW	1	unpriced	0.61%
CEPF	Cantor Equity Partners IV, Inc. Financial Services	Added	1,229,860	+229,860	$12,790,544	+25.5%	4	$10.18	0.61%
GSRF	GSR IV Acquisition Corp. Financial Services	Held	1,250,000	0	$12,700,000	+1.3%	3	$10.02	0.61%
OTGA	OTG Acquisition Corp. I Financial Services	Held	1,250,000	0	$12,687,500	+0.9%	3	$10.03	0.61%
FVAV	Fortress Value Acquisition Corp. V Financial Services	Held	1,250,000	0	$12,637,500	+0.8%	2	$10.04	0.60%
HACQ	HCM IV Acquisition Corp. Financial Services	NEW	1,250,000	NEW	$12,537,500	NEW	1	$9.97	0.60%
		Held	1,150,000	0	$12,523,500	+2.0%	7	$10.65	0.60%
MESH	Meshflow Acquisition Corp Financial Services	Held	1,250,000	0	$12,512,500	+1.2%	2	$9.90	0.60%

Showing the top 50 of 456 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.