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Asset Manager ← All Institutions

Linden Advisors LP

Q4 2025 · Filed 2026-02-17
Market Value
$705M
+21.6%
Holdings
158
+23
New Purchases
52
Added To
5
Closed
26
Reduced
3
Top 10 Concentration
25.4%
Turnover
49.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ZTS 4.55% 0.00% +4.55% $32M
TLNC 2.32% 0.00% +2.32% $16M
SCIIU 2.14% 0.00% +2.14% $15M
IRHOU 2.11% 0.00% +2.11% $15M
DSACU 1.92% 0.00% +1.92% $14M
MESHU 1.77% 0.00% +1.77% $12M
CRANU 1.71% 0.00% +1.71% $12M
EVOX 1.68% 0.00% +1.68% $12M
BDCI 1.60% 0.00% +1.60% $11M
AEAQU 1.56% 0.00% +1.56% $11M
CCXIU 1.45% 0.00% +1.45% $10M
SBXE-UN 1.43% 0.00% +1.43% $10M
VHCPU 1.14% 0.00% +1.14% $8M
ITHAU 1.13% 0.00% +1.13% $8M
SAC-UN 1.07% 0.00% +1.07% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVMI 0.00% 5.01% -5.01% $0
BXP 0.00% 3.23% -3.23% $0
TLNCU 0.00% 2.59% -2.59% $0
GSRFU 0.00% 2.18% -2.18% $0
OTGA 0.00% 2.17% -2.17% $0
JBTM 0.00% 2.09% -2.09% $0
BDCIU 0.00% 1.96% -1.96% $0
MBVIU 0.00% 1.92% -1.92% $0
CCCX 0.00% 1.88% -1.88% $0
TCOM 0.00% 1.66% -1.66% $0
HVMCU 0.00% 1.31% -1.31% $0
LATAU 0.00% 1.29% -1.29% $0
EMISU 0.00% 1.29% -1.29% $0
ALNY 0.00% 1.13% -1.13% $0
BCSS 0.00% 1.04% -1.04% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 4 $32M 4.6%
Mid Cap 6 $3M 0.4%
Small Cap 46 $371M 52.7%
Micro Cap 102 $299M 42.4%

Portfolio Analytics

Avg Market Cap
$1.2B
Median Market Cap
$224M
Avg P/E
53.8
Median P/E
40.2
Avg Dividend Yield
0.01%
Avg Beta
0.55
# Stocks
158
# ETFs / Funds
0

Top Holdings (158 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ZTS 4.55% 255,200 $32M $125.82 +255,200 NEW
2 SBXD-UN 3.00% 2,000,000 $21M $10.58 $220K
3 IPCXU 2.68% 1,865,000 $19M $10.14 $93K
4 TVAIR 2.51% 1,750,000 $18M $10.12 $149K
5 TLNC 2.32% 1,622,152 $16M $10.10 +1,622,152 NEW
6 TACO 2.16% 1,500,000 $15M $10.14 $2M +250,000 +20.0%
7 SCIIU 2.14% 1,498,500 $15M $10.08 +1,498,500 NEW
8 IRHOU 2.11% 1,500,000 $15M $9.94 +1,500,000 NEW
9 KCHV 2.01% 1,400,000 $14M $10.14 $154K
10 DSACU 1.92% 1,350,000 $14M $10.05 +1,350,000 NEW
11 RDAGU 1.90% 1,325,023 $13M $10.13 -$113K
12 GTEN 1.79% 1,225,000 $13M $10.29 $86K
13 MESHU 1.77% 1,250,000 $12M $10.00 +1,250,000 NEW
14 TACH 1.75% 1,200,000 $12M $10.26 $168K
15 CCIX 1.73% 1,150,000 $12M $10.63 $172K
16 CRANU 1.71% 1,200,000 $12M $10.07 +1,200,000 NEW
17 JACS 1.70% 1,150,000 $12M $10.42 $46K
18 EVOX 1.68% 1,201,000 $12M $9.87 +1,201,000 NEW
19 BDCI 1.60% 1,125,000 $11M $10.02 +1,125,000 NEW
20 WENN 1.58% 1,100,000 $11M $10.10 $2M +200,000 +22.2%
21 AEAQU 1.56% 1,100,000 $11M $10.00 +1,100,000 NEW
22 TVA 1.51% 1,000,000 $11M $10.65 -$60K
23 AACB 1.46% 1,000,000 $10M $10.30 $170K
24 CEPF 1.46% 1,000,000 $10M $10.28 $90K
25 CCXIU 1.45% 1,000,000 $10M $10.21 +1,000,000 NEW
26 SBXE-UN 1.43% 1,000,000 $10M $10.10 +1,000,000 NEW
27 ALDF 1.42% 950,000 $10M $10.51 $57K
28 AEXA 1.37% 850,000 $10M $11.39 $391K
29 VCIC 1.36% 888,000 $10M $10.77 $53K
30 LWACU 1.35% 950,000 $10M $10.05 $76K
31 BLUW 1.32% 900,000 $9M $10.32 $315K
32 MLAC 1.29% 875,000 $9M $10.40 $66K
33 IPEX 1.27% 875,716 $9M $10.26 $761K +75,716 +9.5%
34 ETHM 1.20% 819,611 $8M $10.29 -$98K
35 XRPN 1.16% 800,000 $8M $10.24 -$160K
36 VHCPU 1.14% 800,000 $8M $10.03 +800,000 NEW
37 ITHAU 1.13% 800,000 $8M $9.96 +800,000 NEW
38 BACC 1.12% 775,000 $8M $10.21 $666K +50,000 +6.9%
39 CGCT 1.09% 750,000 $8M $10.29 $184K
40 GTERU 1.09% 760,850 $8M $10.10 $91K
41 SAC-UN 1.07% 750,000 $8M $10.09 +750,000 NEW
42 BLRKU 1.06% 750,000 $8M $10.00 +750,000 NEW
43 HVMC 1.06% 750,000 $8M $10.00 +750,000 NEW
44 EMIS 1.06% 750,000 $7M $9.97 +750,000 NEW
45 LATA 1.06% 750,000 $7M $9.96 +750,000 NEW
46 SVAQU 1.06% 750,000 $7M $9.95 +750,000 NEW
47 NWAX-UN 1.03% 700,000 $7M $10.41 +700,000 NEW
48 SVCC 1.03% 700,000 $7M $10.37 $46K
49 HCACU 1.00% 700,000 $7M $10.03 +700,000 NEW
50 NHIC 0.99% 675,000 $7M $10.36 $122K
51 VACI 0.98% 700,000 $7M $9.90 +700,000 NEW
52 TDWD 0.98% 700,000 $7M $9.86 +700,000 NEW
53 TDAC 0.89% 600,000 $6M $10.49 $84K
54 COLA 0.88% 600,000 $6M $10.35 +600,000 NEW
55 SZZLU 0.86% 600,000 $6M $10.16 $24K
56 KBONU 0.86% 600,000 $6M $10.07 +600,000 NEW
57 LFACU 0.85% 600,000 $6M $10.01 +600,000 NEW
58 DNMX 0.82% 581,521 $6M $9.89 +581,521 NEW
59 GSHRU 0.73% 500,000 $5M $10.24 $35K
60 CAEP 0.72% 500,000 $5M $10.20 -$60K
61 OBA 0.71% 500,000 $5M $10.06 $60K
62 BLZR 0.71% 500,000 $5M $10.01 +500,000 NEW
63 ADACU 0.71% 500,000 $5M $9.99 +500,000 NEW
64 LPCVU 0.71% 500,000 $5M $9.98 +500,000 NEW
65 CEPV 0.65% 450,000 $5M $10.25 +450,000 NEW
66 CEPO 0.64% 434,241 $5M $10.42 -$17K
67 CEPT 0.64% 398,700 $4M $11.26 $269K -1,300 -0.3%
68 WTG 0.58% 400,000 $4M $10.17 $42K
69 CHAC 0.53% 350,000 $4M $10.77 -$282K -50,000 -12.5%
70 PELIR 0.53% 370,000 $4M $10.17 $41K
71 SCPQU 0.53% 375,000 $4M $10.00 +375,000 NEW
72 DAAQU 0.45% 311,840 $3M $10.20 -$6K
73 RAAQU 0.43% 300,000 $3M $10.20 $18K
74 KDKRW 0.38% 1,755,761 $3M $1.52 $799K
75 KYIV 0.36% 217,932 $3M $11.68 -$249K -30,500 -12.3%
76 YCY-UN 0.35% 250,000 $2M $9.96 +250,000 NEW
77 HAVA 0.35% 250,000 $2M $9.95 +250,000 NEW
78 MMTX 0.35% 250,000 $2M $9.91 +250,000 NEW
79 CHPGU 0.29% 200,000 $2M $10.17 $17K
80 QSEAU 0.25% 175,000 $2M $10.25 $18K
81 LAFA 0.25% 175,000 $2M $9.90 +175,000 NEW
82 RTACU 0.23% 150,000 $2M $10.67 -$36K
83 FIGXU 0.21% 150,000 $2M $10.06 $10K
84 CHACU 0.16% 1,400,000 $1M $0.81 $660K
85 CCIXW 0.13% 1,121,356 $925K $0.83 $39K
86 IPEXR 0.11% 1,118,198 $751K $0.67 $569K +818,198 +272.7%
87 TVACW 0.09% 750,000 $656K $0.87 -$188K
88 BRRWW 0.09% 908,915 $629K $0.69 +908,915 NEW
89 TLNCW 0.06% 802,949 $442K $0.55 +802,949 NEW
90 EVOXW 0.06% 1,005,041 $412K $0.41 +1,005,041 NEW
91 VCICW 0.06% 224,999 $405K $1.80 $50K
92 TACOW 0.04% 744,699 $298K $0.40 -$212K
93 KFIIR 0.04% 1,850,000 $288K $0.16 $29K
94 BILI 0.04% 11,122 $273K $24.59 +11,122 NEW
95 ALDFW 0.03% 475,000 $228K $0.48 -$31K
96 CCIIU 0.03% 294,852 $212K $0.72 -$24K
97 IGACR 0.03% 1,000,000 $185K $0.19 +1,000,000 NEW
98 ALVOW 0.03% 252,884 $180K $0.71 -$191K
99 WENNW 0.02% 511,206 $169K $0.33 -$125K
100 ANSCW 0.02% 499,999 $167K $0.33 $66K

New Positions

SymbolValue% Port
ZTS $32M 4.55%
TLNC $16M 2.32%
SCIIU $15M 2.14%
IRHOU $15M 2.11%
DSACU $14M 1.92%
MESHU $12M 1.77%
CRANU $12M 1.71%
EVOX $12M 1.68%
BDCI $11M 1.60%
AEAQU $11M 1.56%
CCXIU $10M 1.45%
SBXE-UN $10M 1.43%
VHCPU $8M 1.14%
ITHAU $8M 1.13%
SAC-UN $8M 1.07%

Sold Out Positions

SymbolValue% Port
BCSS —%
BXP —%
JBTM —%
FCRS —%
ATRO —%
ALNY —%
IMSRW —%
ANSC —%
OTGA —%
TLNCU —%
HVMCU —%
NVMI —%
MBVIU —%
QUMSU —%
TCOM —%
View SEC EDGAR Filings for Linden Advisors LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms