LALINDEN ADVISORS LP

Institutional investor · Portfolio as of Q4 2021

SEC EDGAR SourceSEC Filings

Top Holdings723 positions

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Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
??SEA LTDDelisted
282.1M$722.2M4.4%
Increased
64
375.5M$713.1M4.4%
Increased
67
??WOLFSPEED INCDelisted
Bond
259.6M$636.9M3.9%
Increased
64
??BILL HOLDINGS INCDelisted
Bond
288.7M$493.5M3.0%
New
87
??BILIBILI INCDelisted
Bond
355.4M$492.1M3.0%
Increased
61
254.3M$382.1M2.3%
6 qtrssince 2020-Q3
Decreased
0
??BILIBILI INCDelisted
Bond
178M$356M2.2%
7 qtrssince 2020-Q2
Increased
54
??DATADOG INCDelisted
Bond
163.7M$329.4M2.0%
Increased
68
130.3M$309.1M1.9%
7 qtrssince 2020-Q2
Increased
53
??PDD HOLDINGS INCDelisted
Bond
327.5M$296.8M1.8%
Increased
56
??LIVONGO HEALTH INCDelisted
Bond
249.2M$284.6M1.7%
Increased
55
??SEA LTD
Bond
295.5M$271.9M1.7%
Increased
73
??SNAP INC
Bond
124.2M$269.3M1.6%
6 qtrssince 2020-Q3
Decreased
0
??EXACT SCIENCES CORPDelisted
Bond
274.8M$266.8M1.6%
8 qtrssince 2020-Q1
Decreased
0
??OKTA INCDelisted
Bond
216.8M$258.6M1.6%
Increased
51
??MICROSTRATEGY INCDelisted
Bond
154.9M$242.1M1.5%
New
70
??OKTA INCDelisted
Bond
174.2M$236.5M1.4%
6 qtrssince 2020-Q3
Increased
50
213.1M$216.1M1.3%
New
70
187.6M$212.3M1.3%
Increased
50
??ZILLOW GROUP INCDelisted
Bond
132.7M$206.6M1.3%
Increased
60
$16.4B
AUM
723
Positions
Q4 2021
Filing
Rating · 2.0
Quarterly Portfolio Change
+34%Q3'20$8.3B+61%Q4'20$13.4B+1%Q1'21$13.5B+40%Q2'21$18.9B-10%Q3'21$17B-4%Q4'21$16.4B
Activity profile
$ moved · Q4'21
New33%Increased22%Decreased28%Exited17%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 2.3 quarters
<1Q25%1-4Q55%1-2Y16%2Y+4%

LINDEN ADVISORS LP manages $16.4B across 723 positions as of Q4 2021. Top holdings: SEA LTD (4.4%), PALO ALTO NETWORKS INC (4.4%), WOLFSPEED INC (3.9%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 2/5.0.

Q4 2021 Summary

Active quarter - 189 new positions, 100 exits, 63 increased. No standout high-conviction moves this quarter. Portfolio: $16.4B across 723 positions.

Top holdings by portfolio weight

Total AUM$16B
SEA LTD4.42%
PALO ALTO NE4.36%
WOLFSPEED IN3.90%
BILL HOLDING3.02%
BILIBILI INC3.01%
WAYFAIR INC2.34%
BILIBILI INC2.18%
DATADOG INC2.02%
PENN ENTERTA1.89%
PDD HOLDINGS1.81%
Other1.74%

Portfolio allocation by GICS sector

Sectors9
Unknown89.93%
Financial Services4.87%
Consumer Cyclical2.10%
Technology0.89%
Real Estate0.60%
Industrials0.59%
Healthcare0.47%
Basic Materials0.30%
Consumer Defensive0.25%

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
Conviction30
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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