Linden Advisors LP
Long book
$1.89B
Q1 2026
Positions
434
Top-10 weight
14%
concentration
Last quarter
+1.2%
SPY +14.8%
Turnover
39%
of book per quarter
Strategy in plain words
auto-generated from filingsLinden Advisors LP is an institutional manager, specialised in financials (86% of the long book), running a $1.89B US long book across 434 positions.
The portfolio is broadly diversified across 434 positions (top 10 only 14%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NEXTERA ENERGY INC, SILVERBOX CORP IV-A, INFLECTION POINT ACQUISITI-A, CRESCENT ENERGY INC-A, THAYER VENTURES ACQUIS CL A.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-5.0%
Q2 2024
+14.1%
Q3 2024
+7.3%
Q4 2024
-3.5%
Q1 2025
+9.2%
Q2 2025
+3.6%
Q3 2025
+0.1%
Q4 2025
+0.0%
Q1 2026
+1.2%
Sector allocation
Financials 83%
Utilities 8%
Technology 3%
Services media 2%
Other 1%
Energy 1%
Consumer discretionary 1%
Communications 0%
Long book by quarter
What does Linden Advisors own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NEE NEXTERA ENERGY INC | Utilities | 2.2M | $110.6M | 5.9% | New |
| SBXD SILVERBOX CORP IV-A | Financials | 2.0M | $21.4M | 1.1% | Held |
| IPCX INFLECTION POINT ACQUISITI-A | Financials | 1.9M | $19.0M | 1.0% | Held |
| CRGY CRESCENT ENERGY INC-A | Energy | 1.3M | $17.9M | 0.9% | New |
| TVAI THAYER VENTURES ACQUIS CL A | Financials | 1.8M | $17.9M | 0.9% | Held |
| ZKP LAFAYETTE DIGITAL ACQUISITIO | Financials | 1.8M | $17.7M | 0.9% | New |
| RNGT RANGE CAPITAL ACQUISIT CL A | Financials | 1.7M | $17.3M | 0.9% | Held |
| TLNC TALON CAPITAL CORP-CL A | Financials | 1.6M | $16.6M | 0.9% | Held |
| BCAR D. BORAL ARC ACQUISIT - CL A | Technology | 1.6M | $16.2M | 0.9% | +481.8% |
| GRAF GRAF GLOBAL CORP-CL A | Financials | 1.5M | $16.1M | 0.8% | Held |
| JENA JENA ACQUISITION CORP II - A | Financials | 1.6M | $15.9M | 0.8% | Held |
| SORN SOREN ACQUISITION CORP-CL A | Financials | 1.6M | $15.8M | 0.8% | New |
| ARTC ART TECHNOLOGY ACQUISIT-CL A | Financials | 1.6M | $15.7M | 0.8% | New |
| BBCQ BLEICHROEDER ACQUIS II-CL A | Financials | 1.6M | $15.5M | 0.8% | New |
| PMTR PERIMETER ACQUIS CORP I CL A | Financials | 1.5M | $15.4M | 0.8% | Held |
| TACO BERTO ACQUISITION CORP | Financials | 1.5M | $15.4M | 0.8% | Held |
| EGHA EGH ACQUISITION CO-A | Financials | 1.5M | $15.3M | 0.8% | Held |
| HVII HENNESSY CAPITAL INVESTMENT | Utilities | 1.5M | $15.1M | 0.8% | Held |
| GTEN GORES HOLDINGS X INC-CL A | Financials | 1.5M | $15.1M | 0.8% | +20.4% |
| SCII SC II ACQUISITION CORP-CL A | Financials | 1.5M | $15.0M | 0.8% | New |
| IRHO IRON HORSE ACQUISITIONS CORP | Services media | 1.5M | $14.8M | 0.8% | New |
| FGII FG IMPERII ACQUISITION-CL A | Financials | 1.5M | $14.8M | 0.8% | New |
| MLAA MOUNTAIN LAKE ACQUISITI-CL A | Financials | 1.5M | $14.8M | 0.8% | New |
| MKLY MCKINLEY ACQUISITION CO-CL A | Financials | 1.4M | $14.5M | 0.8% | Held |
| KCHV KOCHAV DEFENSE ACQUISITION-A | Financials | 1.4M | $14.3M | 0.8% | Held |
| CCII COHEN CIRCLE ACQUISIT II - A | Financials | 1.4M | $14.3M | 0.8% | Held |
| XCBE X3 ACQUISITION CORP LTD-CL A | Financials | 1.4M | $13.8M | 0.7% | New |
| LPBB LAUNCH TWO ACQUISITION- CL A | Financials | 1.3M | $13.8M | 0.7% | Held |
| RDAG REPUBLIC DIGITAL ACQUIS-CL A | Financials | 1.3M | $13.5M | 0.7% | Held |
| DSAC DAEDALUS SPECIAL ACQUIS-CL A | Financials | 1.4M | $13.4M | 0.7% | New |
| KFII K&F GROWTH ACQUISITION COR-A | Financials | 1.3M | $13.1M | 0.7% | Held |
| OTGA OTG ACQUISITION CORP I-CL A | Financials | 1.3M | $12.6M | 0.7% | Held |
| GSRF GSR IV ACQUISITION CORP-CL A | Financials | 1.3M | $12.5M | 0.7% | Held |
| FVAV FORTRESS VALUE ACQUIS V-CL A | Financials | 1.3M | $12.5M | 0.7% | New |
| TACH TITAN ACQUISITION CORP-CL A | Financials | 1.2M | $12.4M | 0.7% | Held |
| BIXI BITCOIN INFRASTRUCTURE-CL A | Financials | 1.3M | $12.4M | 0.7% | Held |
| MESH MESHFLOW ACQUISITION CO-CL A | Financials | 1.3M | $12.4M | 0.7% | New |
| NPAC NEW PROVIDENCE ACQUISITION-A | Financials | 1.2M | $12.3M | 0.7% | Held |
| CCIX CHURCHILL CAPITAL CORP IX | Technology | 1.1M | $12.3M | 0.6% | Held |
| ENHA ENHANCED GROUP INC | Services media | 1.2M | $12.2M | 0.6% | Held |
| JACS JACKSON ACQUISITION CO-CL A | Financials | 1.1M | $12.2M | 0.6% | Held |
| BEAG BOLD EAGLE ACQUISITION COR-A | Financials | 1.1M | $12.1M | 0.6% | Held |
| HCMA HCM III ACQUISITION COR-CL A | Financials | 1.2M | $12.1M | 0.6% | Held |
| EVOX EVOLUTION GLOBAL ACQUIS-CL A | Financials | 1.2M | $12.0M | 0.6% | Held |
| CRAN CRANE HARBOR ACQUISITIO-CL A | Financials | 1.2M | $11.9M | 0.6% | New |
| ALOV ALDABRA 4 LIQUIDITY OPP-CL A | Financials | 1.2M | $11.9M | 0.6% | New |
| ARCI ARCHIMEDES TECH SPAC PARTNER | Financials | 1.2M | $11.8M | 0.6% | New |
| MEVO M EVO GLOBAL ACQUISITIO-CL A | Financials | 1.2M | $11.8M | 0.6% | New |
| OYSE OYSTER ENTERPRISES II ACQ-A | Financials | 1.1M | $11.8M | 0.6% | Held |
| PAII PYROPHYTE ACQUISITION CORP-A | Financials | 1.1M | $11.7M | 0.6% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 565 | $17.86B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 472 | $16.24B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 408 | $15.00B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 376 | $16.29B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 307 | $14.75B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 264 | $12.06B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 277 | $11.88B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 291 | $11.97B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 315 | $12.63B | canonical | SEC ↗ |