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Linden Advisors LP

CIK:0001279396
Hedge Fund
$27B AUM
376 holdings
New York, NY, United States
Founded:2003
49 employees
Latest filing:Jun 30, 2025

Linden Advisors LP is a global, independent alternative investment management firm headquartered in New York City, with additional offices in Hong Kong and New Jersey. Founded in 2003 by former JP Morgan professionals, Linden specializes in hedge fund and managed account solutions, serving institutional investors and high-net-worth individuals globally. The firm is regulated by the SEC and emphasizes market neutrality, capital preservation, and positive risk-adjusted returns. Linden Advisors employs approximately 43–49 professionals focused on credit and convertible arbitrage strategies, ESG integration, and disciplined risk management.

Investment Strategy

Linden Advisors LP employs convertible and credit arbitrage strategies, focusing on mis-priced credit and equity-linked instruments. The firm's investment approach emphasizes market neutrality, capital preservation, and generating positive risk-adjusted returns. Linden uses a master-feeder structure, actively manages ESG-related risks and opportunities, and seeks to deliver superior, risk-adjusted returns to investors while closely monitoring sustainability risks. The strategy integrates proprietary research, quantitative analysis, and disciplined risk management, with regular performance reporting and strict compliance procedures, including avoidance of soft dollar arrangements and prevention of insider trading.

Latest 13F Filing Activity

Linden Advisors LP filed their most recent 13F report on Jun 30, 2025 disclosing 116 equity positions with a total 13F market value of $16B. The fund increased holdings in Cloudflare Inc. Class A, Wec Energy Group Inc., Cyberark Software Ltd/israel among other positions. Linden Advisors LP reduced exposure to Microchip Technology Inc., Artius II Acquisition Inc., Archimedes Tech Spac Partner among others.

Top Buys
N
NETCLOUDFLARE INC CLASS A
+$48.7M
W
WECWEC ENERGY GROUP INC
+$24.5M
C
CYBRCYBERARK SOFTWARE LTD/ISRAEL
+$24.1M
D
DUKDUKE ENERGY CORP
+$19.0M
I
IPCXINFLECTION POINT ACQUISITI A
+$16.3M
Top Sells
M
MCHPMICROCHIP TECHNOLOGY INC
-$40.0M
A
AACBUARTIUS II ACQUISITION INC
-$10.1M
A
ATIIUARCHIMEDES TECH SPAC PARTNER
-$10.1M
B
BSIIBLACK SPADE ACQUISITION II C
-$7.6M
C
CLBRCOLOMBIER ACQUISITION CORP A
-$6.3M

Top Holdings

N
NETCLOUDFLARE INC CLASS A
+0.3%$48.7M
E
EQVEQV VENTURES ACQUISITION C A
+0.2%$33.3M
C
CORZWCORE SCIENTIFIC INC 27
+0.2%$30.5M
A
AACTARES ACQUISITION CORP II
+0.2%$24.9M
W
WECWEC ENERGY GROUP INC
+0.2%$24.5M

Equity Positions (116)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
CLOUDFLARE INC CLASS A0.30%$48.7M248,523$195.83$195.83+$48.7M
EQV VENTURES ACQUISITION C A0.20%$33.3M3,165,000$10.08$10.51+$1.2M
CORE SCIENTIFIC INC 270.19%$30.5M2,813,335$4.98$10.84+$15.1M
ARES ACQUISITION CORP II0.15%$24.9M2,200,000$10.15$11.33+$396.0K
WEC ENERGY GROUP INC0.15%$24.5M235,404$104.20$104.20+$24.5M

Industry Allocation

BLANK CHECKS
+5.3%
FINANCE SERVICES
+0.2%
SERVICES-COMPUTER PROCESSING & DATA PREPARATION
+0.2%
OPTICAL INSTRUMENTS & LENSES
+0.2%
REAL ESTATE INVESTMENT TRUSTS
+0.1%

Investment Team (12)

NameRoleLocationLinkedIn
Andrew McGrath
Andrew McGrath
Investment AnalystNew York, NY , United States
Bin Liang
Bin Liang
Quant AnalystNew York, NY , United States
Craig Gilbert
Craig Gilbert
Investment AnalystNew York, NY , United States
E
Eli Black
TraderNew York, NY , United States
Eric Wong
Eric Wong
TraderNew York, NY , United States
Garrett Clarke
Garrett Clarke
Convertible Bond TraderNew York, NY , United States
J
Jason Koh
Portfolio ManagerNew York, NY , United States
A
Andy C
Senior Research AnalystNew York, NY , United States
K
Kislaya Gautam
AnalystNew York, NY , United States
L
Lovro Curcija
Research AnalystWaccabuc, NY , United States
Showing 1-10 of 12 team members