A DC/DC converter has a linear voltage regulator for reducing or eliminating the output ripple of the converter with a minimum loss of efficiency. The converter comprises a converter stage with a supply voltage input, a converted voltage output and a control input, a regulator stage having an input connected to the converted voltage output of the converter stage and an output connected to a load, and a tracking circuit with inputs for a voltage at the converted voltage output of the converter stage, a voltage at the output of the regulator stage and a load sense current, and an output connected to the control input of the converter stage. The tracking circuit controls the converter stage so as to increase the converted voltage with an increasing load sense current and vice versa. The output voltage of the converter is always just sufficient to eliminate the ripple without having to operate the regulator's pass transistor in its linear range.