Linden Advisors LP

CIK

1279396

Location

New York, NY

Portfolio Value

Mid $1,403,631,518

Diversification

Diversified

Filing Date

Global Rank

#1,448 / 8,603 ▲ 373 · as of Mar 2026

Top Industry

Shell Companies 95.4%

3Y Alpha vs SPY

-17.8%

Period ended 3 months ago

Filed May 15, 2026 · 55d

24 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+7.6%

SPY

+76.0%

Annualised alpha

-18.3%

Max drawdown

−23.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

1.4%

−1.9 pts

Top 5

6.3%

−5.5 pts

Top 10

12.0%

−7.7 pts

HHI

Diversified−41

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	92.7%	$1,300,728,036	157
Unclassified	3.7%	$52,337,000	6
Energy	1.3%	$18,460,222	2
Consumer Defensive	0.9%	$12,204,000	1
Industrials	0.7%	$10,353,750	2
Technology	0.3%	$3,826,346	1
Consumer Cyclical	0.2%	$3,063,169	2
Utilities	0.2%	$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
SVAC	Spring Valley Acquisition Corp. III	−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

173 positions · $1,403,631,518 total · as of Mar 31, 2026

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

Showing 1–50 of 173 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IPCX	Inflection Point Acquisition Corp. III Financial Services	Held	1,865,000	0	$19,050,975	+0.7%	1.36%
CRGY	Crescent Energy Co Energy	NEW	1,326,700	NEW	$17,910,450	NEW	1.28%
ZKP	Lafayette Digital Acquisition Corp. I Financial Services	NEW	1,800,000	NEW	$17,748,000	NEW	1.26%
RNGT	Range Capital Acquisition Corp II Financial Services	Held	1,729,896	0	$17,298,960	+0.2%	1.23%
TLNC	Talon Capital Corp. Financial Services	Held	1,622,152	0	$16,545,950	+0.9%	1.18%
BCAR	D. Boral ARC Acquisition I Corp. Financial Services	Added	1,600,000	+1,325,000	$16,192,000	+487.0%	1.15%
GRAF	Graf Global Corp. Financial Services	Held	1,500,000	0	$16,065,000	−0.4%	1.14%
JENA	JENA ACQUISITION Corp II Financial Services	Held	1,550,000	0	$15,841,000	+0.5%	1.13%
SORN	Soren Acquisition Corp. Financial Services	NEW	1,600,000	NEW	$15,808,000	NEW	1.13%
ARTC	Art Technology Acquisition Corp.	NEW	1,600,000	NEW	$15,696,000	NEW	1.12%
BBCQ	Bleichroeder Acquisition Corp. II Financial Services	NEW	1,550,000	NEW	$15,531,000	NEW	1.11%
PMTR	Perimeter Acquisition Corp. I Financial Services	Held	1,500,000	0	$15,390,000	−0.2%	1.10%
TACO	Berto Acquisition Corp. Financial Services	Held	1,500,000	0	$15,375,000	+1.1%	1.10%
EGHA	EGH Acquisition Corp. Financial Services	Held	1,500,000	0	$15,315,000	+0.8%	1.09%
HVII	Hennessy Capital Investment Corp. VII Financial Services	Held	1,463,732	0	$15,149,626	0.0%	1.08%
GTEN	Gores Holdings X, Inc. / CI Financial Services	Added	1,475,000	+250,000	$15,104,000	+20.3%	1.08%
SCII	SC II Acquisition Corp. Financial Services	NEW	1,498,500	NEW	$14,940,045	NEW	1.06%
FGII	FG Imperii Acquisition Corp. Financial Services	NEW	1,500,000	NEW	$14,850,000	NEW	1.06%
IRHO	Iron Horse Acquisition II Corp. Financial Services	NEW	1,500,000	NEW	$14,790,000	NEW	1.05%
MLAA	Mountain Lake Acquisition Corp. II	NEW	1,500,000	NEW	$14,775,000	NEW	1.05%
MKLY	McKinley Acquisition Corp Financial Services	Held	1,445,000	0	$14,493,350	+0.6%	1.03%
KCHV	Kochav Defense Acquisition Corp. Financial Services	Held	1,400,000	0	$14,350,000	+1.1%	1.02%
CCII	Cohen Circle Acquisition Corp. II Financial Services	Held	1,394,511	0	$14,251,902	−0.2%	1.02%
XCBE	X3 Acquisition Corp. Ltd. Financial Services	NEW	1,400,000	NEW	$13,776,000	NEW	0.98%
RDAG	Republic Digital Acquisition Co Financial Services	Held	1,325,023	0	$13,554,985	+1.0%	0.97%
DSAC	Daedalus Special Acquisition Corp. Financial Services	NEW	1,350,000	NEW	$13,378,500	NEW	0.95%
KFII	K&F Growth Acquisition Corp. II Financial Services	Held	1,250,000	0	$13,037,500	+0.9%	0.93%
OTGA	OTG Acquisition Corp. I Financial Services	Held	1,250,000	0	$12,575,000	+0.6%	0.90%
GSRF	GSR IV Acquisition Corp. Financial Services	Held	1,250,000	0	$12,537,500	+0.4%	0.89%
FVAV	Fortress Value Acquisition Corp. V Financial Services	NEW	1,250,000	NEW	$12,537,500	NEW	0.89%
BIXI	Bitcoin Infrastructure Acquisition Corp Ltd Financial Services	Held	1,250,000	0	$12,400,000	+0.7%	0.88%
MESH	Meshflow Acquisition Corp Financial Services	NEW	1,250,000	NEW	$12,362,500	NEW	0.88%
TACH	Titan Acquisition Corp. Financial Services	Held	1,200,000	0	$12,348,000	+0.4%	0.88%
NPAC	New Providence Acquisition Corp. III/Cayman Financial Services	Held	1,200,000	0	$12,312,000	0.0%	0.88%
CCIX	Churchill Capital Corp IX/Cayman Financial Services	Held	1,150,000	0	$12,282,000	+0.5%	0.88%
ENHA	Enhanced Group Inc. Consumer Defensive	Held	1,200,000	0	$12,204,000	+1.2%	0.87%
JACS	Jackson Acquisition Co II Financial Services	Held	1,150,000	0	$12,178,500	+1.6%	0.87%
BEAG	Bold Eagle Acquisition Corp. Financial Services	Held	1,150,000	0	$12,138,250	−0.2%	0.86%
HCMA	Hcm III Acquisition Corp. Financial Services	Held	1,200,000	0	$12,096,000	+0.4%	0.86%
EVOX	Evolution Global Acquisition Corp Financial Services	Held	1,201,000	0	$11,961,960	+0.9%	0.85%
CRAN	Crane Harbor Acquisition Corp. II Financial Services	NEW	1,200,000	NEW	$11,892,000	NEW	0.85%
MEVO	M Evo Global Acquisition Corp II Financial Services	NEW	1,200,000	NEW	$11,820,000	NEW	0.84%
ARCI	Archimedes Tech SPAC Partners III Co. Financial Services	NEW	1,200,000	NEW	$11,820,000	NEW	0.84%
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc. Financial Services	NEW	1,200,000	NEW	$11,796,000	NEW	0.84%
OYSE	Oyster Enterprises II Acquisition Corp Financial Services	Held	1,150,000	0	$11,695,500	+0.6%	0.83%
RAC	Rithm Acquisition Corp. Financial Services	Held	1,100,000	0	$11,440,000	+0.1%	0.82%
TMS	Teamshares Inc Financial Services	Held	1,100,000	0	$11,440,000	+1.0%	0.82%
BDCI	BTC Development Corp. Financial Services	Held	1,125,000	0	$11,238,750	−0.2%	0.80%
KBON	Karbon Capital Partners Corp. Financial Services	NEW	1,100,000	NEW	$11,066,000	NEW	0.79%
MBVI	M3-Brigade Acquisition VI Corp. Financial Services	Held	1,100,000	0	$11,055,000	+0.5%	0.79%