Linden Advisors LP

CIK

1279396

Location

New York, NY

Portfolio Value

Mid $1,473,637,722

Diversification

Diversified

Filing Date

Global Rank

#1,407 / 8,621 ▲ 344 · as of Mar 2026

Top Industry

Shell Companies 95.1%

3Y Alpha vs SPY

-17.0%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

24 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

-0.2%

SPY

+67.9%

Annualised alpha

-18.9%

Max drawdown

−23.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

178 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

1.5%

−1.6 pts

Top 5

6.4%

−5.1 pts

Top 10

11.9%

−7.2 pts

HHI

Diversified−38

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	92.5%	$1,363,472,391	161
Unclassified	3.6%	$52,337,000	6
Energy	1.3%	$18,460,222	2
Industrials	1.2%	$17,615,599	3
Consumer Defensive	0.8%	$12,204,000	1
Technology	0.3%	$3,826,346	1
Consumer Cyclical	0.2%	$3,063,169	2
Utilities	0.1%	$2,107,617	1
Communication Services	0.0%	$551,378	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
BCAR	D. Boral ARC Acquisition I Corp.	+1,325,000	1,600,000	$16,192,000
ONCH	1RT Acquisition Corp.	+500,000	1,010,100	$10,242,414
GTEN	Gores Holdings X, Inc. / CI	+250,000	1,475,000	$15,104,000
LEGT	Legato Merger Corp. III	+658	450,658	$4,952,731
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
GFUZ	General Fusion Group Ltd.	−285,251	714,749	$7,261,849
KYIV	Kyivstar Group Ltd.	−163,448	54,484	$551,378
RAAQ	Real Asset Acquisition Corp.	−150,000	150,000	$1,575,000
AEXA	American Exceptionalism Acquisition Corp. A	−92,150	757,850	$8,207,515
CEPT	Cantor Equity Partners II, Inc.	−59,992	338,708	$3,688,530
WLAC	Willow Lane Acquisition Corp.	−51,216	98,784	$1,052,049
TVA	Texas Ventures Acquisition III Corp	−36,044	963,956	$10,015,502
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CRGY	Crescent Energy Co	1,326,700	$17,910,450
ZKP	Lafayette Digital Acquisition Corp. I	1,800,000	$17,748,000
SORN	Soren Acquisition Corp.	1,600,000	$15,808,000
ARTC	Art Technology Acquisition Corp.	1,600,000	$15,696,000
BBCQ	Bleichroeder Acquisition Corp. II	1,550,000	$15,531,000
SCII	SC II Acquisition Corp.	1,498,500	$14,940,045
FGII	FG Imperii Acquisition Corp.	1,500,000	$14,850,000
IRHO	Iron Horse Acquisition II Corp.	1,500,000	$14,790,000
MLAA	Mountain Lake Acquisition Corp. II	1,500,000	$14,775,000
XCBE	X3 Acquisition Corp. Ltd.	1,400,000	$13,776,000
DSAC	Daedalus Special Acquisition Corp.	1,350,000	$13,378,500
FVAV	Fortress Value Acquisition Corp. V	1,250,000	$12,537,500
MESH	Meshflow Acquisition Corp	1,250,000	$12,362,500
CRAN	Crane Harbor Acquisition Corp. II	1,200,000	$11,892,000
ARCI	Archimedes Tech SPAC Partners III Co.	1,200,000	$11,820,000
MEVO	M Evo Global Acquisition Corp II	1,200,000	$11,820,000
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc.	1,200,000	$11,796,000
KBON	Karbon Capital Partners Corp.	1,100,000	$11,066,000
AEAQ	Activate Energy Acquisition Corp.	1,100,000	$10,879,000
LEGO	Legato Merger Corp. IV	1,070,000	$10,603,700
CCXI	Churchill Capital Corp XI	1,000,000	$10,160,000
ALUB	Alussa Energy Acquisition Corp. II	1,000,000	$9,980,000
OIM	OneIM Acquisition Corp.	1,000,000	$9,960,000
SBXE	SilverBox Corp V	1,000,000	$9,920,000
CMII	Columbus Circle Capital Corp II	1,000,000	$9,830,000
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
ZTS	Zoetis Inc.	255,200	$32,109,264
FTW	PRESIDIO PRODUCTION Co	3,009,198	$31,566,487
VCIC	Vine Hill Capital Investment Corp.	888,000	$9,563,760
COLA	Columbus Acquisition Corp/Cayman Islands	600,000	$6,232,800
PELI	Pelican Acquisition Corp	370,000	$3,755,870
BILI	Bilibili Inc.	11,122	$273,489
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

178 positions · $1,473,637,722 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Technology Utilities

Showing 1–50 of 178 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SBXD	SilverBox Corp IV Financial Services	Held	2,000,000	0	$21,400,000	+1.1%	1.45%
IPCX	Inflection Point Acquisition Corp. III Financial Services	Held	1,865,000	0	$19,050,975	+0.7%	1.29%
CRGY	Crescent Energy Co Energy	NEW	1,326,700	NEW	$17,910,450	NEW	1.22%
TVAI	Thayer Ventures Acquisition Corp II Financial Services	Held	1,750,000	0	$17,867,500	+0.9%	1.21%
ZKP	Lafayette Digital Acquisition Corp. I Financial Services	NEW	1,800,000	NEW	$17,748,000	NEW	1.20%
RNGT	Range Capital Acquisition Corp II Financial Services	Held	1,729,896	0	$17,298,960	+0.2%	1.17%
TLNC	Talon Capital Corp. Financial Services	Held	1,622,152	0	$16,545,950	+0.9%	1.12%
BCAR	D. Boral ARC Acquisition I Corp. Financial Services	Added	1,600,000	+1,325,000	$16,192,000	+487.0%	1.10%
GRAF-UN	Graf Global Corp. Financial Services	Held	1,500,000	0	$16,065,000	−0.4%	1.09%
JENA	JENA ACQUISITION Corp II Financial Services	Held	1,550,000	0	$15,841,000	+0.5%	1.07%
SORN	Soren Acquisition Corp. Financial Services	NEW	1,600,000	NEW	$15,808,000	NEW	1.07%
ARTC	Art Technology Acquisition Corp.	NEW	1,600,000	NEW	$15,696,000	NEW	1.07%
BBCQ	Bleichroeder Acquisition Corp. II Financial Services	NEW	1,550,000	NEW	$15,531,000	NEW	1.05%
PMTR	Perimeter Acquisition Corp. I Financial Services	Held	1,500,000	0	$15,390,000	−0.2%	1.04%
TACO	Berto Acquisition Corp. Financial Services	Held	1,500,000	0	$15,375,000	+1.1%	1.04%
EGHA	EGH Acquisition Corp. Financial Services	Held	1,500,000	0	$15,315,000	+0.8%	1.04%
HVII	Hennessy Capital Investment Corp. VII Financial Services	Held	1,463,732	0	$15,149,626	0.0%	1.03%
GTEN	Gores Holdings X, Inc. / CI Financial Services	Added	1,475,000	+250,000	$15,104,000	+20.3%	1.02%
SCII	SC II Acquisition Corp. Financial Services	NEW	1,498,500	NEW	$14,940,045	NEW	1.01%
FGII	FG Imperii Acquisition Corp. Financial Services	NEW	1,500,000	NEW	$14,850,000	NEW	1.01%
IRHO	Iron Horse Acquisition II Corp. Financial Services	NEW	1,500,000	NEW	$14,790,000	NEW	1.00%
MLAA	Mountain Lake Acquisition Corp. II	NEW	1,500,000	NEW	$14,775,000	NEW	1.00%
MKLY	McKinley Acquisition Corp Financial Services	Held	1,445,000	0	$14,493,350	+0.6%	0.98%
KCHV	Kochav Defense Acquisition Corp. Financial Services	Held	1,400,000	0	$14,350,000	+1.1%	0.97%
CCII	Cohen Circle Acquisition Corp. II Financial Services	Held	1,394,511	0	$14,251,902	−0.2%	0.97%
XCBE	X3 Acquisition Corp. Ltd. Financial Services	NEW	1,400,000	NEW	$13,776,000	NEW	0.93%
LPBB	Launch Two Acquisition Corp. Financial Services	Held	1,296,800	0	$13,772,016	+1.2%	0.93%
RDAG	Republic Digital Acquisition Co Financial Services	Held	1,325,023	0	$13,554,985	+1.0%	0.92%
DSAC	Daedalus Special Acquisition Corp. Financial Services	NEW	1,350,000	NEW	$13,378,500	NEW	0.91%
KFII	K&F Growth Acquisition Corp. II Financial Services	Held	1,250,000	0	$13,037,500	+0.9%	0.88%
OTGA	OTG Acquisition Corp. I Financial Services	Held	1,250,000	0	$12,575,000	+0.6%	0.85%
GSRF	GSR IV Acquisition Corp. Financial Services	Held	1,250,000	0	$12,537,500	+0.4%	0.85%
FVAV	Fortress Value Acquisition Corp. V Financial Services	NEW	1,250,000	NEW	$12,537,500	NEW	0.85%
BIXI	Bitcoin Infrastructure Acquisition Corp Ltd Financial Services	Held	1,250,000	0	$12,400,000	+0.7%	0.84%
MESH	Meshflow Acquisition Corp Financial Services	NEW	1,250,000	NEW	$12,362,500	NEW	0.84%
TACH	Titan Acquisition Corp. Financial Services	Held	1,200,000	0	$12,348,000	+0.4%	0.84%
NPAC	New Providence Acquisition Corp. III/Cayman Financial Services	Held	1,200,000	0	$12,312,000	0.0%	0.84%
CCIX	Churchill Capital Corp IX/Cayman Financial Services	Held	1,150,000	0	$12,282,000	+0.5%	0.83%
ENHA	Enhanced Group Inc. Consumer Defensive	Held	1,200,000	0	$12,204,000	+1.2%	0.83%
JACS	Jackson Acquisition Co II Financial Services	Held	1,150,000	0	$12,178,500	+1.6%	0.83%
BEAG	Bold Eagle Acquisition Corp. Financial Services	Held	1,150,000	0	$12,138,250	−0.2%	0.82%
HCMA	Hcm III Acquisition Corp. Financial Services	Held	1,200,000	0	$12,096,000	+0.4%	0.82%
EVOX	Evolution Global Acquisition Corp Financial Services	Held	1,201,000	0	$11,961,960	+0.9%	0.81%
CRAN	Crane Harbor Acquisition Corp. II Financial Services	NEW	1,200,000	NEW	$11,892,000	NEW	0.81%
MEVO	M Evo Global Acquisition Corp II Financial Services	NEW	1,200,000	NEW	$11,820,000	NEW	0.80%
ARCI	Archimedes Tech SPAC Partners III Co. Financial Services	NEW	1,200,000	NEW	$11,820,000	NEW	0.80%
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc. Financial Services	NEW	1,200,000	NEW	$11,796,000	NEW	0.80%
OYSE	Oyster Enterprises II Acquisition Corp Financial Services	Held	1,150,000	0	$11,695,500	+0.6%	0.79%
RAC	Rithm Acquisition Corp. Financial Services	Held	1,100,000	0	$11,440,000	+0.1%	0.78%
TMS	Teamshares Inc Financial Services	Held	1,100,000	0	$11,440,000	+1.0%	0.78%