LALINDEN ADVISORS LP

Institutional investor · Portfolio as of Q1 2023

SEC EDGAR SourceSEC Filings

Top Holdings467 positions

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Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
??WOLFSPEED INCDelisted
Bond
303.1M$453.5M4.8%
Decreased
0
??PDD HOLDINGS INCDelisted
Bond
384.4M$367.2M3.9%
Increased
61
??BILIBILI INCDelisted
Bond
358.8M$363.1M3.8%
Decreased
0
??SEA LTDDelisted
288.6M$352.1M3.7%
Decreased
0
157.4M$317.7M3.3%
Decreased
0
??EXACT SCIENCES CORPDelisted
Bond
268M$297.3M3.1%
New
86
??LI AUTO INCDelisted
Bond
244.5M$273.4M2.9%
Increased
56
??BILIBILI INCDelisted
Bond
168.6M$203.1M2.1%
12 qtrssince 2020-Q2
Increased
56
??EQT CORPDelisted
Bond
83.8M$184.2M1.9%
Increased
51
??H WORLD GROUP LTDDelisted
Bond
129.3M$174.6M1.8%
Decreased
0
??LIVONGO HEALTH INCDelisted
Bond
165.6M$146.6M1.5%
Decreased
0
??BILL HOLDINGS INCDelisted
Bond
152.6M$140.1M1.5%
Increased
59
90.7M$130.6M1.4%
12 qtrssince 2020-Q2
Decreased
0
??JOYY INCDelisted
Bond
126.8M$124.6M1.3%
12 qtrssince 2020-Q2
Unchanged
0
??NIO INCDelisted
Bond
131.5M$122.1M1.3%
Increased
53
149M$116.9M1.2%
Increased
49
128.9M$112.6M1.2%
Unchanged
0
??DAYFORCE INCDelisted
Bond
121.1M$108.9M1.1%
Increased
49
??DROPBOX INCDelisted
Bond
117.5M$105.3M1.1%
Increased
50
??LYFT INCDelisted
Bond
117.2M$103.5M1.1%
Increased
60
$9.5B
AUM
467
Positions
Q1 2023
Filing
Rating · 2.0
Quarterly Portfolio Change
-4%Q4'21$16.4B-2%Q1'22$15.9B-32%Q2'22$10.9B+0%Q3'22$10.9B-13%Q4'22$9.5B-0%Q1'23$9.5B
Activity profile
$ moved · Q1'23
New25%Increased22%Decreased21%Exited32%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 1.1 years
<1Q9%1-4Q21%1-2Y57%2Y+12%

LINDEN ADVISORS LP manages $9.5B across 467 positions as of Q1 2023. Top holdings: WOLFSPEED INC (4.8%), PDD HOLDINGS INC (3.9%), BILIBILI INC (3.8%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 2/5.0.

Q1 2023 Summary

Active quarter - 50 new positions, 155 exits, 72 increased. No standout high-conviction moves this quarter. Portfolio: $9.5B across 467 positions.

Top holdings by portfolio weight

Total AUM$9B
WOLFSPEED IN4.78%
PDD HOLDINGS3.87%
BILIBILI INC3.82%
SEA LTD3.71%
PALO ALTO NE3.35%
EXACT SCIENC3.13%
LI AUTO INC2.88%
BILIBILI INC2.14%
EQT CORP1.94%
H WORLD GROU1.84%
Other1.54%

Portfolio allocation by GICS sector

Sectors7
Unknown68.81%
Financial Services26.31%
Consumer Defensive1.95%
Healthcare1.74%
Technology0.93%
Energy0.23%
Industrials0.04%

Behavioral investing profile

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Momentum Trader
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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