LALINDEN ADVISORS LP

Institutional investor · Portfolio as of Q1 2021

SEC EDGAR SourceSEC Filings

Top Holdings713 positions

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Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
??SEA LTDDelisted
Bond
181.2M$806.5M6.0%
Decreased
0
??BILIBILI INCDelisted
Bond
152.1M$659.5M4.9%
4 qtrssince 2020-Q2
Increased
59
??SNAP INC
Bond
257.7M$608.2M4.5%
3 qtrssince 2020-Q3
Increased
76
260.5M$577.4M4.3%
3 qtrssince 2020-Q3
Increased
77
??ZILLOW GROUP INCDelisted
Bond
152.2M$453.9M3.4%
Decreased
0
95.7M$432.7M3.2%
4 qtrssince 2020-Q2
Increased
70
??ZILLOW GROUP INCDelisted
Bond
136.9M$410.2M3.0%
3 qtrssince 2020-Q3
Increased
57
??MONGODB INCDelisted
Bond
278.1M$401.1M3.0%
New
81
??EXACT SCIENCES CORPDelisted
Bond
276M$356.9M2.6%
5 qtrssince 2020-Q1
Decreased
0
??ZILLOW GROUP INCDelisted
Bond
140M$289.4M2.1%
3 qtrssince 2020-Q3
Increased
66
??PDD HOLDINGS INCDelisted
Bond
238.9M$252.5M1.9%
Increased
64
??CHEGG INCDelisted
Bond
123.7M$215.3M1.6%
4 qtrssince 2020-Q2
Decreased
0
??COUPA SOFTWARE INCDelisted
Bond
126.3M$215.1M1.6%
4 qtrssince 2020-Q2
Increased
56
??ETSY INC
Bond
80.5M$190.7M1.4%
3 qtrssince 2020-Q3
Increased
51
??SPLUNK INCDelisted
Bond
152.4M$180.2M1.3%
7 qtrssince 2019-Q3
Increased
50
??SUNPOWER CORPDelisted
Bond
108.7M$171.3M1.3%
9 qtrssince 2019-Q1
Increased
77
??WAYFAIR INCDelisted
Bond
62M$170M1.3%
3 qtrssince 2020-Q3
Increased
58
??BANDWIDTH INCDelisted
Bond
105.6M$161.6M1.2%
New
69
??RHDelisted
Bond
53.4M$150.8M1.1%
New
69
??GDS HOLDINGS LIMITEDDelisted
Bond
83.9M$141M1.0%
8 qtrssince 2019-Q2
Increased
51
$13.5B
AUM
713
Positions
Q1 2021
Filing
Rating · 2.0
Quarterly Portfolio Change
+14%Q4'19$8.4B-33%Q1'20$5.6B+9%Q2'20$6.1B+34%Q3'20$8.2B+62%Q4'20$13.3B+1%Q1'21$13.5B
Activity profile
$ moved · Q1'21
New33%Increased18%Decreased21%Exited28%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 1.3 quarters
<1Q53%1-4Q33%1-2Y10%2Y+4%

LINDEN ADVISORS LP manages $13.5B across 713 positions as of Q1 2021. Top holdings: SEA LTD (6.0%), BILIBILI INC (4.9%), SNAP INC (4.5%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 2/5.0.

Q1 2021 Summary

Active quarter - 382 new positions, 145 exits, 63 increased. No standout high-conviction moves this quarter. Portfolio: $13.5B across 713 positions.

Top holdings by portfolio weight

Total AUM$13B
SEA LTD5.97%
BILIBILI INC4.88%
SNAP INC4.50%
WAYFAIR INC4.28%
ZILLOW GROUP3.36%
PENN ENTERTA3.20%
ZILLOW GROUP3.04%
MONGODB INC2.97%
EXACT SCIENC2.64%
ZILLOW GROUP2.14%
Other1.87%

Portfolio allocation by GICS sector

Sectors10
Unknown90.26%
Consumer Cyclical3.08%
Financial Services2.02%
Industrials1.35%
Basic Materials1.11%
Technology0.71%
Real Estate0.61%
Communication Services0.43%
Healthcare0.37%
Consumer Defensive0.05%

Behavioral investing profile

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Momentum Trader- primarily Unknown
Compare DNA across all funds
7-dimension quality assessment
Below Average(2.0 / 5.0)
Track Record61
Conviction31
Concentration37
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Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

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