LALINDEN ADVISORS LP

Institutional investor · Portfolio as of Q2 2020

SEC EDGAR SourceSEC Filings

Top Holdings262 positions

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Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
??MERCADOLIBRE INCDelisted
Bond
282M$646M10.5%
4 qtrssince 2019-Q3
Decreased
0
??EXACT SCIENCES CORPDelisted
Bond
400.2M$383.7M6.2%
2 qtrssince 2020-Q1
Decreased
0
??SEA LTDDelisted
Bond
70.4M$373.7M6.1%
5 qtrssince 2019-Q2
Decreased
0
??BILIBILI INCDelisted
Bond
153.8M$294.5M4.8%
1 qtr
New
86
??SPLUNK INCDelisted
Bond
189.6M$278.4M4.5%
4 qtrssince 2019-Q3
Decreased
0
??CHEGG INCDelisted
Bond
130.6M$185.2M3.0%
1 qtr
New
79
??COUPA SOFTWARE INCDelisted
Bond
87.3M$158.5M2.6%
1 qtr
New
79
157.7M$137.1M2.2%
6 qtrssince 2019-Q1
Increased
53
??GDS HOLDINGS LIMITEDDelisted
Bond
80.5M$129.6M2.1%
5 qtrssince 2019-Q2
Increased
52
??Q2 HLDGS INCDelisted
Bond
99.7M$113.9M1.8%
1 qtr
New
69
28M$99.5M1.6%
5 qtrssince 2019-Q2
Decreased
0
??COLONY CAP INCDelisted
Bond
105.8M$99.3M1.6%
6 qtrssince 2019-Q1
Increased
52
65.5M$96.7M1.6%
6 qtrssince 2019-Q1
Decreased
0
??JOYY INCDelisted
Bond
88.2M$96.5M1.6%
1 qtr
New
68
94.8M$93.7M1.5%
6 qtrssince 2019-Q1
Decreased
0
??HUAZHU GROUP LTDDelisted
Bond
87.7M$88.4M1.4%
6 qtrssince 2019-Q1
Decreased
0
??HELLO GROUP INCDelisted
Bond
107.6M$83.2M1.3%
5 qtrssince 2019-Q2
Increased
60
80M$79.3M1.3%
6 qtrssince 2019-Q1
Increased
48
??8X8 INC NEWDelisted
Bond
84.5M$76.1M1.2%
2 qtrssince 2020-Q1
Decreased
0
??BAOZUN INCDelisted
Bond
76.8M$74.5M1.2%
1 qtr
New
68
$6.2B
AUM
262
Positions
Q2 2020
Filing
Rating · 2.0
Quarterly Portfolio Change
+50%Q2'19$6.6B+13%Q3'19$7.4B+14%Q4'19$8.4B-33%Q1'20$5.6B+10%Q2'20$6.2B
Activity profile
$ moved · Q2'20
New38%Increased6%Decreased39%Exited17%
Composition
Equity vs derivatives
Equity99%Puts1%Calls0%
Holding period
Avg 2.3 quarters
<1Q26%1-4Q43%1-2Y29%2Y+1%

LINDEN ADVISORS LP manages $6.2B across 262 positions as of Q2 2020. Top holdings: MERCADOLIBRE INC (10.5%), EXACT SCIENCES CORP (6.2%), SEA LTD (6.1%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 2/5.0.

Q2 2020 Summary

Active quarter - 73 new positions, 52 exits, 42 increased. No standout high-conviction moves this quarter. Portfolio: $6.2B across 262 positions.

Top holdings by portfolio weight

Total AUM$6B
MERCADOLIBRE10.46%
EXACT SCIENC6.21%
SEA LTD6.05%
BILIBILI INC4.77%
SPLUNK INC4.51%
CHEGG INC3.00%
COUPA SOFTWA2.57%
Apollo Comme2.22%
GDS HOLDINGS2.10%
Q2 HLDGS INC1.84%
Other1.61%

Portfolio allocation by GICS sector

Sectors10
Unknown67.12%
Healthcare16.07%
Financial Services5.79%
Real Estate4.03%
Technology2.93%
Consumer Cyclical2.47%
Consumer Defensive0.94%
Industrials0.47%
Communication Services0.15%
Energy0.03%

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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