Linden Advisors LP
Filing Date
Global Rank
#1,542
/ 8,578
▲ 376
Top Industry
Shell Companies
96.6%
3Y Alpha vs SPY
-16.9%
Period ended 3 months ago
Filed May 15, 2026 · 32d
24 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+13.4%
SPY
+78.1%
Annualised alpha
-16.9%
Max drawdown
−23.1%
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
165 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
1.5%
−2.0 pts
Top 5
6.7%
−6.0 pts
Top 10
12.7%
−8.4 pts
HHI
81
Diversified−46
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 92.7% | $1,212,465,786 |
| Unclassified | 4.0% | $52,337,000 |
| Energy | 1.4% | $18,460,222 |
| Consumer Defensive | 0.9% | $12,204,000 |
| Technology | 0.3% | $3,826,346 |
| Consumer Cyclical | 0.2% | $3,063,169 |
| Industrials | 0.2% | $2,662,500 |
| Utilities | 0.2% | $2,107,617 |
| Communication Services | 0.0% | $551,378 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
4 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| CRGY | Crescent Energy Co | 1,326,700 | $17,910,450 | |
| 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 | |
| MEVO | M Evo Global Acquisition Corp II | 1,200,000 | $11,820,000 | |
| ARCI | Archimedes Tech SPAC Partners III Co. | 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 | |
| TWLV | Twelve Seas Investment Co III/Cayman | 900,000 | $8,883,000 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| 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. | ||||
1 positions ·
$12,204,000 total
· Consumer Defensive only
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Industrials
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ENHA |
Enhanced Group Inc.
Consumer Defensive
|
Held | 1,200,000 | $12,204,000 | 100.00% |