LALINDEN ADVISORS LP

Institutional investor · Portfolio as of Q3 2020

SEC EDGAR SourceSEC Filings

Top Holdings322 positions

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Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
??MERCADOLIBRE INCDelisted
Bond
275M$695.1M8.4%
5 qtrssince 2019-Q3
Decreased
0
??PINDUODUO INCDelisted
Bond
323.2M$585.3M7.1%
1 qtr
New
97
??ZILLOW GROUP INCDelisted
Bond
138.5M$331.2M4.0%
1 qtr
New
86
??EXACT SCIENCES CORPDelisted
Bond
293M$318.2M3.8%
3 qtrssince 2020-Q1
Decreased
0
140.1M$290.6M3.5%
1 qtr
New
86
??SPLUNK INCDelisted
Bond
198.7M$287M3.5%
5 qtrssince 2019-Q3
Increased
59
??BILIBILI INCDelisted
Bond
149.3M$264M3.2%
2 qtrssince 2020-Q2
Decreased
0
??CHEGG INCDelisted
Bond
152.1M$231M2.8%
2 qtrssince 2020-Q2
Increased
61
??COUPA SOFTWARE INCDelisted
Bond
114.7M$209.2M2.5%
2 qtrssince 2020-Q2
Increased
67
61.9M$199M2.4%
2 qtrssince 2020-Q2
Increased
85
28M$162.7M2.0%
6 qtrssince 2019-Q2
Unchanged
0
??SNAP INC
Bond
109.1M$151.4M1.8%
1 qtr
New
69
155.3M$145.6M1.8%
7 qtrssince 2019-Q1
Decreased
0
??GDS HOLDINGS LIMITEDDelisted
Bond
78.9M$133.2M1.6%
6 qtrssince 2019-Q2
Decreased
0
??BLACKLINE INCDelisted
Bond
96.2M$132.6M1.6%
1 qtr
New
69
??Q2 HLDGS INCDelisted
Bond
101M$123.8M1.5%
2 qtrssince 2020-Q2
Increased
48
??WAYFAIR INCDelisted
Bond
46.8M$120.4M1.5%
1 qtr
New
69
??ETSY INC
Bond
68.8M$108.1M1.3%
1 qtr
New
69
??ZILLOW GROUP INCDelisted
Bond
62.2M$107.7M1.3%
1 qtr
New
69
??JOYY INCDelisted
Bond
90M$97.3M1.2%
2 qtrssince 2020-Q2
Increased
48
$8.3B
AUM
322
Positions
Q3 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+34%Q3'20$8.3B
Activity profile
$ moved · Q3'20
New58%Increased10%Decreased13%Exited19%
Composition
Equity vs derivatives
Equity99%Puts1%Calls0%
Holding period
Avg 2.3 quarters
<1Q33%1-4Q37%1-2Y29%2Y+1%

LINDEN ADVISORS LP manages $8.3B across 322 positions as of Q3 2020. Top holdings: MERCADOLIBRE INC (8.4%), PINDUODUO INC (7.1%), ZILLOW GROUP INC (4.0%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 2/5.0.

Q3 2020 Summary

Active quarter - 107 new positions, 50 exits, 52 increased. No standout high-conviction moves this quarter. Portfolio: $8.3B across 322 positions.

Top holdings by portfolio weight

Total AUM$8B
MERCADOLIBRE8.38%
PINDUODUO IN7.06%
ZILLOW GROUP3.99%
EXACT SCIENC3.84%
WAYFAIR INC3.50%
SPLUNK INC3.46%
BILIBILI INC3.18%
CHEGG INC2.79%
COUPA SOFTWA2.52%
PENN ENTERTA2.40%
Other1.96%

Portfolio allocation by GICS sector

Sectors11
Unknown77.46%
Healthcare6.87%
Utilities5.63%
Financial Services3.98%
Technology2.12%
Real Estate1.30%
Consumer Cyclical1.01%
Basic Materials0.86%
Industrials0.71%
Communication Services0.06%
Other0.01%

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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