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Linden Advisors LP
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 Holdings
Equity Positions (116)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NET | CLOUDFLARE INC CLASS A | 0.30% | $48.7M | 248,523 | $195.83 | $195.83 | +$48.7M |
E EQV | EQV VENTURES ACQUISITION C A | 0.20% | $33.3M | 3,165,000 | $10.08 | $10.51 | +$1.2M |
| CORE SCIENTIFIC INC 27 | 0.19% | $30.5M | 2,813,335 | $4.98 | $10.84 | +$15.1M | |
A AACT | ARES ACQUISITION CORP II | 0.15% | $24.9M | 2,200,000 | $10.15 | $11.33 | +$396.0K |
W WEC | WEC ENERGY GROUP INC | 0.15% | $24.5M | 235,404 | $104.20 | $104.20 | +$24.5M |
Industry Allocation
Investment Team (12)
| Name | Role | Location | |
|---|---|---|---|
| Investment Analyst | New York, NY , United States | ||
| Quant Analyst | New York, NY , United States | ||
| Investment Analyst | New York, NY , United States | ||
E Eli Black | Trader | New York, NY , United States | |
| Trader | New York, NY , United States | ||
| Convertible Bond Trader | New York, NY , United States | ||
J Jason Koh | Portfolio Manager | New York, NY , United States | |
A Andy C | Senior Research Analyst | New York, NY , United States | |
K Kislaya Gautam | Analyst | New York, NY , United States | |
L Lovro Curcija | Research Analyst | Waccabuc, NY , United States |
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