LINDEN ADVISORS LP

Hedge Fund • Multi-Strategy

LINDEN ADVISORS LP is a Multi-Strategy Hedge Fund based in New York, NY led by Siu Min (Joe) Wong, reporting $27.3B in AUM as of Q3 2025 with 86% Unknown concentration.

CEOSiu Min (Joe) Wong

Portfolio Value: $971.4M
Positions: 159
Top Holding: CORZW at 3.35%
Last Reported: Q3 2025

Address590 Madison Avenue, 32nd Floor, New York, NY, 10022, United States

Top Holdings

Largest long holdings in LINDEN ADVISORS LP's portfolio (22.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 CORZW Core Scientific CORZW	Software - Infrastructure Technology	$32.5M	3.35%	—	— 2.8M shares	Q2 2024 Held for 1y 5m
2 FTW First Trust Taiwan Alphadex Fund FTW	Unknown Unknown	$31.2M	3.22%	+$31.2M New	— 3.0M shares	Q3 2025 Held for 2 months
3 Nova Ltd. NVMI	Semiconductors Technology	$29.1M	2.99%	+$29.1M New	0.31% 91.0K shares	Q3 2025 Held for 2 months
4 SilverBox SBXD	Unknown Unknown	$20.9M	2.16%	—	7.86% 2.0M shares	Q4 2024 Held for 11 months
5 Inflection Point Acquisition Corp. III Class A Ordinary Shares IPCX	Unknown Unknown	$18.8M	1.94%	+$2.8M Bought	5.41% 1.9M shares	Q2 2025 Held for 5 months
6 Boston Properties BXP	REIT - Office Real Estate	$18.7M	1.93%	+$18.7M Bought	0.16% 251.9K shares	Q3 2025 Held for 2 months
7 TVAI Thayer Ventures Acquisition Corporation II Class A Ordinary Shares TVAI	Unknown Unknown	$17.6M	1.81%	+$17.6M New	6.43% 1.8M shares	Q3 2025 Held for 2 months
8 GRAF Graf Industrial Corp. GRAF	Unknown Unknown	$15.8M	1.63%	—	5.22% 1.5M shares	Q4 2024 Held for 11 months
9 JENA Jena Acquisition Corporation II JENA	Unknown Unknown	$15.7M	1.62%	+$15.7M New	5.35% 1.6M shares	Q3 2025 Held for 2 months
10 Perimeter Acquisition Corp. I Class A Ordinary Shares PMTR	Unknown Unknown	$15.3M	1.57%	—	4.87% 1.5M shares	Q2 2025 Held for 5 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in LINDEN ADVISORS LP's latest filing

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Market Value

$971.4M

Prior: $844.8M

Q/Q Change

+14.99%

+$126.6M

Net Flows % of MV

+8.26%

Turnover Ratio

41.71%

New Purchases

47 stocks

$411.0M

Added To

7 stocks

+$22.6M

Sold Out Of

31 stocks

$294.0M

Reduced Holdings

10 stocks

-$59.4M

Increased Positions

Position	Shares Δ	Change
1 FTW First Trust Taiwan Alphadex Fund FTW	New	0 → 3.0M +$31.2M
2 Nova Ltd. NVMI	New	0 → 91.0K +$29.1M
3 TVAI Thayer Ventures Acquisition Corporation II Class A Ordinary Shares TVAI	New	0 → 1.8M +$17.6M
4 JENA Jena Acquisition Corporation II JENA	New	0 → 1.6M +$15.7M
5 EGHA EGH Acquisition Corp. Class A Ordinary Shares EGHA	New	0 → 1.5M +$15.0M

Decreased Positions

Position	Shares Δ	Change
1 Cloudflare, Inc. NET	Sold	248.5K → 0 −$48.7M
2 EQV EQV Ventures Acquisition Corp EQV	Sold	3.2M → 0 −$33.3M
3 Ares Acquisition Corporation AACT	Sold	2.2M → 0 −$24.9M
4 WEC Energy Group WEC	Sold	235.4K → 0 −$24.5M
5 CyberArk Software CYBR	Sold	59.3K → 0 −$24.1M