LALINDEN ADVISORS LP

Institutional investor · Portfolio as of Q2 2021

SEC EDGAR SourceSEC Filings

Top Holdings821 positions

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Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
??BILIBILI INCDelisted
Bond
283M$856.2M4.5%
New
88
??SEA LTDDelisted
257.7M$796.3M4.2%
New
88
??BILIBILI INCDelisted
Bond
158.5M$779.4M4.1%
5 qtrssince 2020-Q2
Increased
61
276.5M$609.6M3.2%
4 qtrssince 2020-Q3
Increased
61
??MONGODB INCDelisted
Bond
293.4M$531M2.8%
Increased
57
??SNAP INC
Bond
141.7M$427.4M2.3%
4 qtrssince 2020-Q3
Decreased
0
??WOLFSPEED INCDelisted
Bond
171.5M$372M2.0%
New
71
??LIVONGO HEALTH INCDelisted
Bond
216.3M$341.5M1.8%
New
71
??EXACT SCIENCES CORPDelisted
Bond
274.8M$341M1.8%
6 qtrssince 2020-Q1
Decreased
0
??BLOCK INCDelisted
Bond
165.1M$340.6M1.8%
New
71
96.9M$324.3M1.7%
5 qtrssince 2020-Q2
Increased
49
??ZILLOW GROUP INCDelisted
Bond
113.5M$318.9M1.7%
Decreased
0
72.8M$317.8M1.7%
New
71
216.8M$295M1.6%
New
71
??FARFETCH LTDDelisted
Bond
86.3M$281.3M1.5%
New
70
??ZILLOW GROUP INCDelisted
Bond
142.2M$281.3M1.5%
4 qtrssince 2020-Q3
Increased
49
??ZILLOW GROUP INCDelisted
Bond
97.2M$275.2M1.5%
4 qtrssince 2020-Q3
Decreased
0
??CLOUDFLARE INCDelisted
Bond
95.6M$272.2M1.4%
New
70
??PDD HOLDINGS INCDelisted
Bond
264M$271.7M1.4%
Increased
54
??OKTA INCDelisted
Bond
199.5M$248.9M1.3%
New
70
$18.9B
AUM
821
Positions
Q2 2021
Filing
Rating · 2.0
Quarterly Portfolio Change
-33%Q1'20$5.6B+10%Q2'20$6.2B+34%Q3'20$8.3B+61%Q4'20$13.4B+1%Q1'21$13.5B+40%Q2'21$18.9B
Activity profile
$ moved · Q2'21
New65%Increased7%Decreased6%Exited22%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 1.3 quarters
<1Q49%1-4Q40%1-2Y8%2Y+4%

LINDEN ADVISORS LP manages $18.9B across 821 positions as of Q2 2021. Top holdings: BILIBILI INC (4.5%), SEA LTD (4.2%), BILIBILI INC (4.1%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 2/5.0.

Q2 2021 Summary

Active quarter - 405 new positions, 294 exits, 93 increased. No standout high-conviction moves this quarter. Portfolio: $18.9B across 821 positions.

Top holdings by portfolio weight

Total AUM$19B
BILIBILI INC4.52%
SEA LTD4.20%
BILIBILI INC4.11%
WAYFAIR INC3.22%
MONGODB INC2.80%
SNAP INC2.26%
WOLFSPEED IN1.96%
LIVONGO HEAL1.80%
EXACT SCIENC1.80%
BLOCK INC1.80%
Other1.71%

Portfolio allocation by GICS sector

Sectors10
Unknown83.20%
Financial Services5.19%
Technology3.35%
Consumer Cyclical2.72%
Industrials2.70%
Healthcare1.28%
Real Estate0.63%
Basic Materials0.53%
Consumer Defensive0.26%
Communication Services0.15%

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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