LALINDEN ADVISORS LP

Institutional investor · Portfolio as of Q4 2022

SEC EDGAR SourceSEC Filings

Top Holdings575 positions

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Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
??WOLFSPEED INCDelisted
Bond
323.1M$518.4M5.4%
Increased
61
342.6M$506.6M5.3%
Decreased
0
??BILIBILI INCDelisted
Bond
366.8M$365.7M3.8%
Increased
58
??PDD HOLDINGS INCDelisted
Bond
360.4M$336.3M3.5%
Unchanged
0
??SEA LTDDelisted
296.7M$292.6M3.1%
Decreased
0
??LI AUTO INCDelisted
Bond
232.1M$235.5M2.5%
Increased
54
148.9M$219.1M2.3%
11 qtrssince 2020-Q2
Decreased
0
??EXACT SCIENCES CORPDelisted
Bond
247.5M$194.7M2.0%
12 qtrssince 2020-Q1
Decreased
0
??EQT CORPDelisted
Bond
79.1M$184.4M1.9%
Decreased
0
??BILIBILI INCDelisted
Bond
157.6M$184.4M1.9%
11 qtrssince 2020-Q2
Unchanged
0
??H WORLD GROUP LTDDelisted
Bond
148.1M$181.2M1.9%
Increased
51
??LIVONGO HEALTH INCDelisted
Bond
173.9M$152.2M1.6%
Decreased
0
??EXACT SCIENCES CORPDelisted
Bond
151.5M$125.5M1.3%
16 qtrssince 2019-Q1
Increased
61
106.3M$122.9M1.3%
Decreased
0
??BILL HOLDINGS INCDelisted
Bond
119.2M$122.7M1.3%
Decreased
0
??JOYY INCDelisted
Bond
126.8M$121.6M1.3%
11 qtrssince 2020-Q2
Decreased
0
??BILIBILI INCDelisted
Bond
151.3M$111.8M1.2%
New
69
144.4M$109.3M1.1%
New
69
??NIO INCDelisted
Bond
118.4M$104M1.1%
Increased
50
??OKTA INCDelisted
Bond
122.9M$103.9M1.1%
Decreased
0
$9.5B
AUM
575
Positions
Q4 2022
Filing
Rating · 2.0
Quarterly Portfolio Change
-10%Q3'21$17B-4%Q4'21$16.4B-2%Q1'22$15.9B-32%Q2'22$10.9B+0%Q3'22$10.9B-13%Q4'22$9.5B
Activity profile
$ moved · Q4'22
New20%Increased15%Decreased44%Exited21%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 1.1 years
<1Q7%1-4Q50%1-2Y33%2Y+10%

LINDEN ADVISORS LP manages $9.5B across 575 positions as of Q4 2022. Top holdings: WOLFSPEED INC (5.4%), PALO ALTO NETWORKS INC (5.3%), BILIBILI INC (3.8%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 2/5.0.

Q4 2022 Summary

Active quarter - 53 new positions, 173 exits, 38 increased. No standout high-conviction moves this quarter. Portfolio: $9.5B across 575 positions.

Top holdings by portfolio weight

Total AUM$10B
WOLFSPEED IN5.44%
PALO ALTO NE5.32%
BILIBILI INC3.84%
PDD HOLDINGS3.53%
SEA LTD3.07%
LI AUTO INC2.47%
PENN ENTERTA2.30%
EXACT SCIENC2.04%
EQT CORP1.94%
BILIBILI INC1.94%
Other1.90%

Portfolio allocation by GICS sector

Sectors6
Unknown76.28%
Financial Services19.73%
Industrials1.85%
Technology1.06%
Healthcare0.78%
Real Estate0.29%

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
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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