LALINDEN ADVISORS LP

Institutional investor · Portfolio as of Q3 2021

Top Holdings636 positions

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Activity:
??SEA LTDDelisted
256.5M$911.2M5.4%———
Decreased
0
??MONGODB INCDelisted
Bond
289.9M$663.3M3.9%———
Decreased
0
??BILIBILI INCDelisted
Bond
333.4M$597.4M3.5%———
Increased
68
322.4M$534.5M3.1%———
Increased
79
??BILIBILI INCDelisted
Bond
176M$481.1M2.8%——
6 qtrssince 2020-Q2
Increased
60
259.5M$480.7M2.8%——
5 qtrssince 2020-Q3
Decreased
0
??SNAP INC
Bond
141.4M$461.5M2.7%——
5 qtrssince 2020-Q3
Decreased
0
??WOLFSPEED INCDelisted
Bond
235.7M$436.2M2.6%———
Increased
70
119.6M$382M2.2%——
6 qtrssince 2020-Q2
Increased
65
??EXACT SCIENCES CORPDelisted
Bond
278.3M$300.1M1.8%——
7 qtrssince 2020-Q1
Increased
49
??LIVONGO HEALTH INCDelisted
Bond
218.2M$287.1M1.7%———
Increased
49
??PDD HOLDINGS INCDelisted
Bond
284.5M$263.4M1.5%———
Increased
52
??ZILLOW GROUP INCDelisted
Bond
165.7M$258.3M1.5%——
5 qtrssince 2020-Q3
Increased
56
??OKTA INCDelisted
Bond
205M$251.6M1.5%———
Increased
50
??COUPA SOFTWARE INCDelisted
Bond
162M$244.9M1.4%——
6 qtrssince 2020-Q2
Increased
57
??OKTA INCDelisted
Bond
168.7M$238.7M1.4%——
5 qtrssince 2020-Q3
Increased
58
??ZILLOW GROUP INCDelisted
Bond
108.6M$228.8M1.3%——
5 qtrssince 2020-Q3
Increased
54
??FARFETCH LTDDelisted
Bond
86.9M$217.3M1.3%———
Increased
48
??ZILLOW GROUP INCDelisted
Bond
104.9M$216.4M1.3%———
Decreased
0
181M$209M1.2%———
Increased
67
$17B
AUM
636
Positions
Q3 2021
Filing
HI score · 2.5/5
Quarterly 13F Value Change
+9%Q2'20$6.1B+34%Q3'20$8.2B+62%Q4'20$13.3B+1%Q1'21$13.5B+41%Q2'21$18.9B-10%Q3'21$17B
Activity profile
$ moved · Q3'21
New20%Increased26%Decreased27%Exited28%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 2.1 quarters
<1Q10%1-4Q75%1-2Y10%2Y+4%

LINDEN ADVISORS LP manages $17B across 636 positions as of Q3 2021. Top holdings: SEA LTD (5.4%), MONGODB INC (3.9%), BILIBILI INC (3.5%). Fund DNA: Diversified Scout. HoldingsIntel Score: 2.5/5.0.

Q3 2021 Summary

Active quarter - 65 new positions, 255 exits, 51 increased. No standout high-conviction moves this quarter. Portfolio: $17.0B across 636 positions.

Top holdings by portfolio weight

Total AUM$17B
SEA LTD5.36%
MONGODB INC3.90%
BILIBILI INC3.51%
PALO ALTO NE3.14%
BILIBILI INC2.83%
WAYFAIR INC2.83%
SNAP INC2.71%
WOLFSPEED IN2.56%
PENN ENTERTA2.25%
EXACT SCIENC1.76%
Other1.69%

Portfolio allocation by GICS sector

Sectors9
Unknown85.93%
Financial Services4.84%
Consumer Cyclical3.63%
Industrials1.82%
Technology1.78%
Utilities0.97%
Real Estate0.68%
Consumer Defensive0.28%
Healthcare0.07%

Behavioral investing profile

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Diversified Scout- primarily Unknown
Compare DNA across all funds
7-dimension, SEC 13F-derived research score
Solid(2.5 / 5.0)
Holdings P&L56
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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Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

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

Verify source filings on SEC EDGAR

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