Linden Thomas Advisory Services, LLC

Registered adviser

CIK

1965702

Location

Charlotte, NC

Portfolio Value

Mid $1,257,827,534

Diversification

Diversified

Filing Date

Global Rank

#2,177 / 8,819 ▲ 52 · as of Jun 2026

Top Industry

Semiconductors 9.5%

Period ended 29 days ago

Filed Oct 19, 2026 · 10d

16 quarters · since Dec 2022

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 288557

Roster of Oct 1, 2026

Regulatory AUM

$1,771,455,363

Main clients

Individuals and high net worth (91% of AUM)

Form ADV history

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

Rosters	Regulatory AUM	Main clients
May 2026 to Oct 2026	$1,771,455,363	Individuals and high net worth (91%)
Apr 2025 to Apr 2026	$1,633,842,616	Individuals and high net worth (90%)
Apr 2024 to Mar 2025	$1,369,636,810	Individuals and high net worth (91%)
May 2023 to Mar 2024	$1,139,212,272	Individuals and high net worth (92%)
Apr 2023	$1,139,212,272	Individuals and high net worth (92%)
Apr 2022 to Mar 2023	$1,324,538,116	Individuals and high net worth (89%)

3 earlier changes not shown.

Stated strategy

Fundamental active Form ADV Part 2A, Apr 2, 2026 · original

In the firm's words

Fundamental active: LTAS primarily uses fundamental security methods of analysis

Portfolio style

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

Style

Diversified active

Top 10 weight 14.5%, 200.7 effective positions, active share 63.4% against the Russell 1000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

15.5% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 12.6 quarters (12+)

Closest benchmark: the Russell 1000 as of 2026-06-30, active share 63.4%; sector active share 16.9% against the combined 13F book's sector weights.

Over time 15 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

552 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

3.2%

+0.3 pts

Top 5

9.8%

+0.7 pts

Top 10

15.1%

+0.6 pts

HHI

Diversified+2

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	36.6%	$460,954,958	122
Industrials	13.5%	$169,716,906	88
Healthcare	12.6%	$157,980,264	62
Financial Services	9.5%	$119,021,178	75
Consumer Cyclical	8.0%	$100,614,133	69
Communication Services	5.7%	$71,986,342	23
Consumer Defensive	4.4%	$55,230,040	28
Energy	3.9%	$48,789,126	22
Basic Materials	2.5%	$31,674,175	33
Real Estate	1.4%	$17,219,839	12
Utilities	1.2%	$14,809,167	11
Unclassified	0.8%	$9,831,406	7

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MNST	Monster Beverage Corp	+49,209	98,190	$4,086,667
APH	Amphenol Corp	+36,951	68,881	$5,806,668
CRWD	CrowdStrike Holdings, Inc.	+26,515	35,391	$9,369,767
MLI	Mueller Industries Inc	+21,628	40,473	$2,453,068
CNXN	Pc Connection Inc	+20,267	44,006	$3,970,661
EYE	National Vision Holdings, Inc.	+16,876	130,874	$2,143,716
BBY	Best Buy Co Inc	+13,492	31,346	$2,765,971
AMZN	Amazon Com Inc	+12,662	17,191	$4,283,137
REZI	Resideo Technologies, Inc.	+9,311	108,203	$1,963,884
GNK	Genco Shipping & Trading Ltd	+8,921	153,377	$4,012,342
ETD	Ethan Allen Interiors Inc	+7,269	97,264	$2,033,790
ASTH	Astrana Health, Inc.	+6,953	72,846	$2,591,132
SCI	Service Corp International	+6,937	41,233	$3,139,892
ARCC	Ares Capital Corp	+6,039	77,231	$1,475,112
PPLT	abrdn Platinum ETF Trust	+5,922	79,220	$1,220,780
NSSC	Napco Security Technologies, Inc	+5,816	86,355	$3,075,965
THRM	Gentherm Inc	+5,219	86,960	$2,895,768
DGX	Quest Diagnostics Inc	+4,563	17,102	$3,985,963
USLM	United States Lime & Minerals Inc	+4,515	27,020	$3,056,232
SO	Southern Co	+4,299	32,121	$2,662,509
AVNT	Avient Corp	+4,212	63,823	$2,568,875
IIIN	Insteel Industries Inc	+3,790	58,598	$1,706,959
ANET	Arista Networks, Inc.	+3,730	112,124	$22,827,325
GLW	Corning Inc	+3,575	53,042	$8,155,737
CSV	Carriage Services Inc	+3,553	50,783	$1,582,906
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HCKT	Hackett Group, Inc.	−79,914	148,198	$1,489,389
ICHR	Ichor Holdings, Ltd.	−37,615	77,721	$4,807,821
CXT	Crane NXT, Co.	−28,470	4,296	$202,341
AAMI	Acadian Asset Management Inc.	−21,129	45,627	$4,184,452
NFLX	Netflix Inc	−13,162	52,344	$3,642,095
DBI	Designer Brands Inc.	−2,731	244,487	$1,479,146
GDYN	Grid Dynamics Holdings, Inc.	−2,469	256,344	$2,019,990
FIX	Comfort Systems USA Inc	−2,024	2,473	$4,090,564
ROST	Ross Stores, Inc.	−1,588	3,149	$734,976
ADBE	Adobe Inc.	−1,327	8,142	$1,953,591
NEOG	Neogen Corp	−911	171,719	$2,198,003
INTU	Intuit Inc.	−746	11,282	$3,110,560
FICO	Fair Isaac Corp	−728	614	$363,776
STX	Seagate Technology Holdings plc	−653	1,318	$1,215,644
STAA	Staar Surgical Co	−619	66,964	$1,514,056
NVDA	Nvidia Corp	−601	174,803	$39,921,509
AGNT	AGNT, Inc.	−581	34,477	$126,530
EGAN	EGAIN Corp	−531	31,604	$183,777
WASH	Washington Trust Bancorp Inc	−468	49,946	$1,897,448
NRC	Nrc Health	−461	77,393	$1,639,957
RMR	Rmr Group Inc.	−456	76,908	$1,390,496
WGO	Winnebago Industries Inc	−446	54,807	$1,445,260
PCYO	Pure Cycle Corp	−438	25,683	$283,540
MGNI	Magnite, Inc.	−424	25,782	$651,253
EXEL	Exelixis, Inc.	−410	57,533	$3,360,502
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
REX	REX AMERICAN RESOURCES Corp	41,282	$1,793,702
PLPC	Preformed Line Products Co	4,317	$1,757,882
JOE	ST JOE Co	26,713	$1,757,181
NVGS	Navigator Holdings Ltd.	71,105	$1,648,213
CFR	Cullen/Frost Bankers, Inc.	10,564	$1,612,805
CNX	CNX Resources Corp	48,364	$1,507,505
ARW	Arrow Electronics, Inc.	5,314	$1,206,278
ANDE	Andersons, Inc.	16,968	$1,114,797
BRC	Brady Corp	11,662	$973,660
ETN	Eaton Corp plc	1,529	$657,026
TSM	Taiwan Semiconductor Manufacturing Co Ltd	1,321	$602,626
WAB	Westinghouse Air Brake Technologies Corp	1,886	$541,621
UNP	Union Pacific Corp	1,984	$539,905
CR	Crane Co	2,568	$523,923
FAST	Fastenal Co	9,856	$488,167
GE	General Electric Co	1,511	$471,870
ECL	Ecolab Inc.	1,668	$457,999
ICE	Intercontinental Exchange, Inc.	2,814	$427,812
HON	Honeywell International Inc	1,885	$397,621
DUK	Duke Energy CORP	3,403	$387,976
MLM	Martin Marietta Materials Inc	791	$379,529
BWXT	BWX Technologies, Inc.	2,198	$301,126
DHT	DHT Holdings, Inc.	12,914	$291,468
MBGL	Mobility Global Inc.	14,228	$244,010
NHC	National Healthcare Corp	1,066	$233,997
No positions match the current search.

Sold Out

Positions the filer fully exited

18 positions

Ticker	Company	Shares	Value
—		176,004	$5,531,806
—		132,915	$2,194,426
LZB	La-Z-Boy Inc	46,604	$1,869,752
SSTK	Shutterstock, Inc.	105,073	$1,465,768
LKQ	Lkq Corp	43,119	$1,135,323
ACH	Accendra Health Inc	272,661	$932,500
TNET	Trinet Group, Inc.	18,426	$911,902
SKYD	Skydance Corp	86,311	$851,026
—		3,251	$679,264
—		1,503	$308,175
TNC	Tennant Co	3,120	$273,124
POOL	Pool Corp	1,190	$255,731
ELV	Elevance Health, Inc.	615	$237,838
FCN	Fti Consulting, Inc	1,424	$212,190
LPX	Louisiana-Pacific Corp	2,579	$202,864
MCD	Mcdonalds Corp	743	$200,840
QDEL	QuidelOrtho Corp	10,806	$189,321
ERII	Energy Recovery, Inc.	20,116	$181,446
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

552 tracked positions · $1,257,827,534 total · filing declares 552 positions · $1,258,702,118 · as of Sep 30, 2026

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

Showing 1–50 of 552 positions by value · page 1 of 12

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	174,803	-601	$39,921,509	+13.7%	3.17%
ANET	Arista Networks, Inc. Technology	Added	112,124	+3,730	$22,827,325	+24.0%	1.81%
AAPL	Apple Inc. Technology	Added	63,839	+390	$21,259,663	+15.8%	1.69%
GOOGL	Alphabet Inc. Communication Services	Added	60,411	+683	$20,786,216	−2.6%	1.65%
AVGO	Broadcom Inc. Technology	Added	51,041	+357	$17,925,088	−6.4%	1.43%
AMD	Advanced Micro Devices Inc Technology	Added	26,485	+338	$16,202,463	+6.7%	1.29%
PANW	Palo Alto Networks Inc Technology	Added	39,129	+789	$15,546,342	+18.9%	1.24%
MSFT	Microsoft Corp Technology	Added	27,792	+45	$14,254,516	+37.7%	1.13%
FFIV	F5, Inc. Technology	Added	23,572	+286	$10,493,782	+8.3%	0.83%
P	Everpure, Inc. Technology	Added	79,954	+607	$10,456,384	+67.3%	0.83%
META	Meta Platforms, Inc. Communication Services	Reduced	13,997	-16	$10,150,344	+28.6%	0.81%
ALAB	Astera Labs, Inc. Technology	Added	27,655	+179	$9,844,350	−25.8%	0.78%
FTNT	Fortinet, Inc. Technology	Added	53,843	+766	$9,624,974	+18.0%	0.77%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	13,907	+104	$9,387,920	+35.7%	0.75%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	35,391	+26,515	$9,369,767	+38.3%	0.74%
CSCO	Cisco Systems, Inc. Technology	Added	76,192	+1,057	$8,200,544	−7.1%	0.65%
GLW	Corning Inc Technology	Added	53,042	+3,575	$8,155,737	−35.5%	0.65%
LRCX	Lam Research Corp Technology	Added	24,391	+2,032	$8,012,687	−17.3%	0.64%
HEI	Heico Corp Industrials	Added	26,315	+145	$7,978,181	−14.4%	0.63%
KLAC	Kla Corp Technology	Reduced	40,745	-27	$7,942,422	−35.4%	0.63%
HPE	Hewlett Packard Enterprise Co Technology	Added	122,983	+1,291	$7,857,383	+43.1%	0.62%
MO	Altria Group, Inc. Consumer Defensive	Added	113,674	+1,357	$7,654,807	−5.3%	0.61%
LLY	ELI LILLY & Co Healthcare	Added	6,610	+277	$7,648,298	+0.7%	0.61%
MATX	Matson, Inc. Industrials	Added	34,317	+1,512	$7,537,385	+19.5%	0.60%
RMD	Resmed Inc Healthcare	Added	34,056	+389	$7,529,781	+14.8%	0.60%
XOM	ExxonMobil Holdings Corp Energy	Added	45,055	+1,313	$7,332,701	+22.6%	0.58%
OKTA	Okta, Inc. Technology	Added	33,315	+886	$6,966,499	+57.4%	0.55%
NOW	ServiceNow, Inc. Technology	Added	51,947	+938	$6,961,417	+37.5%	0.55%
CDNS	Cadence Design Systems Inc Technology	Added	20,146	+248	$6,651,907	−10.9%	0.53%
V	Visa Inc. Financial Services	Added	18,424	+72	$6,620,295	+5.1%	0.53%
AMAT	Applied Materials Inc Technology	Added	12,498	+127	$6,391,227	−28.5%	0.51%
DDOG	Datadog, Inc. Technology	Added	23,243	+653	$6,365,095	+8.2%	0.51%
VZ	Verizon Communications Inc Communication Services	Added	137,909	+1,825	$6,325,885	+9.8%	0.50%
GEV	GE Vernova Inc. Industrials	Added	6,445	+549	$6,125,908	−11.6%	0.49%
DXCM	Dexcom Inc Healthcare	Reduced	69,017	-65	$5,955,476	+28.0%	0.47%
APH	Amphenol Corp Technology	Added	68,881	+36,951	$5,806,668	+3.1%	0.46%
ARCB	Arcbest Corp Industrials	Added	45,281	+2,404	$5,770,610	−6.2%	0.46%
TEAM	Atlassian Corp Technology	Added	32,152	+904	$5,764,532	+137.1%	0.46%
SPGI	S&P Global Inc. Financial Services	Added	14,562	+192	$5,744,272	−1.8%	0.46%
INCY	Incyte Corp Healthcare	Added	47,306	+799	$5,740,583	+8.9%	0.46%
WMT	Walmart Inc. Consumer Defensive	Added	52,693	+1,655	$5,475,856	−5.3%	0.44%
ADI	Analog Devices Inc Technology	Added	13,506	+1,535	$5,357,965	+12.7%	0.43%
FOXA	Fox Corp Communication Services	Added	85,477	+3,060	$5,355,134	+24.6%	0.43%
MA	Mastercard Inc Financial Services	Added	9,706	+78	$5,352,567	+8.2%	0.43%
WMB	Williams Companies, Inc. Energy	Added	77,279	+1,012	$5,252,653	−7.4%	0.42%
NVT	nVent Electric plc Industrials	Added	32,466	+511	$5,206,572	−3.9%	0.41%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	14,500	-147	$5,144,745	−16.5%	0.41%
COST	Costco Wholesale Corp Consumer Defensive	Added	5,525	+194	$5,029,628	+0.9%	0.40%
CRM	Salesforce, Inc. Technology	Added	21,746	+43	$4,992,229	+46.8%	0.40%
ROG	Rogers Corp Technology	Added	32,045	+2,302	$4,902,564	+0.7%	0.39%

Showing the top 50 of 552 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.