Linden Advisors LP Portfolio Update: Q2 2026 Holdings Analysis

As of June 30, 2026, investment advisor Linden Advisors LP maintains a substantial portfolio valued at approximately $267 million. The firm's holdings are dominated by Alphabet Inc., represented by both its Class C (GOOG) and Class A (GOOGL) common shares.

According to the latest filing, Linden Advisors LP held a total of 21 stocks in its portfolio. The most significant holdings by value are Alphabet Inc Class C and Class A, accounting for approximately half (58%) and slightly less than that (57%) respectively. These two tech giants combined represent the core of the fund's investment strategy.

Examining changes from the previous period reveals notable activity across several sectors:

• GOOG: Linden Advisors increased their position in Alphabet Inc Class C by acquiring all shares held previously, boosting its portfolio allocation to 58%.
• GOOGL: Similarly, the fund added more shares of Alphabet's Class A stock, increasing their stake by all previous holdings and raising the allocation to 57%.
• HOOD: Robinhood Markets Inc saw a full replacement of shares in its position, now representing 12% of the portfolio.
• LGND: Ligand Pharmaceuticals experienced a complete share replacement, currently holding 0.04% allocation.
• KRG: Kite Realty Group Trust also had all its previous shares replaced, now accounting for 0.03% of the portfolio value.
• WLFC: Willis Lease Finance Corp saw a full share replacement, contributing to the Industrials sector allocation.
• BTU: Peabody Energy Corp had all its previous shares replaced in the portfolio.
• WB: Weibo Corp Spon ADR was fully added, now representing a minor portion (0.01%) of the holdings.
• REVBW: Revelation Bioscience saw a slight reduction in its position by -358 shares (-0.11%), though it remains below the reporting threshold for significant changes.
• AISPW: Airship AI Holdings Inc had no change in its position, remaining a very small holding (0.0% allocation).

These changes indicate active management of the portfolio by Linden Advisors LP during this quarter.

The fund's holdings are diversified across several sectors:

• Communication Services: This sector, encompassing technology and social media stocks like GOOG, GOOGL, WB, accounts for a dominant 84.22% of the portfolio value.
• Financial Services: Robinhood (HOOD) contributes significantly to this allocation with an 8.56% share.
• Healthcare: Ligand Pharmaceuticals (LGND), Kite Realty Group Trust (KRG, partially Real Estate but listed here?), and Revelation Bioscience (REVBW) split the Healthcare allocation at approximately $3.27 million or 1.28% of total assets.
• Real Estate: Kite Realty Group Trust is also a REIT, contributing another part to Real Estate sector which totals about $5.15 million (1.93%).
• Industrials: Willis Lease Finance Corp adds value to this sector.
• Energy: Peabody Energy Corp is present in the portfolio, representing about $2.14 million (0.8%) of assets.
• Unknown Sector: A small portion ($340k or ~1.3%) consists of holdings with unspecified sectors.
• Technology: Ligand Pharmaceuticals is the sole Technology holding, despite its sector classification in some data points.

In summary, Linden Advisors LP's portfolio as of June 2026 shows strong concentration in Communication Services (Alphabet Inc) and Financial Services (Robinhood). The fund demonstrated significant buying activity across multiple sectors while maintaining stability with minor adjustments like the slight reduction in REVBW.