Silverback Asset Management LLC
- SEC CIK
- 0001278960
- Latest filing
- Aug 13, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 54
- −2 vs. Q3 2025
- Portfolio value
- $669.0M
- −$103.0M (−13.3%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Seagate HDD Cayman81180WBL4 | NOTE 3.500% 6/0 | – | $51.9M | 7.8% | – | – | – |
| Coinbase Global, Inc.19260QAB3 | NOTE 0.500% 6/0 | – | $32.9M | 4.9% | – | – | – |
| Match Group, Inc.44932FAA5 | NOTE 0.875% 6/1 | – | $31.0M | 4.6% | – | – | – |
| BridgeBio Pharma, Inc.10806XAD4 | NOTE 2.250% 2/0 | – | $30.4M | 4.5% | – | – | – |
| Tyler Tex Indpt SCH Dist902252AB1 | NOTE 0.250% 3/1 | – | $28.6M | 4.3% | – | – | – |
| On Semiconductor Corp682189AS4 | NOTE 5/0 | – | $28.1M | 4.2% | – | – | – |
| John Bean Technologies Corp477839AB0 | NOTE 0.250% 5/1 | – | $28.0M | 4.2% | – | – | – |
| Vishay Intertechnology Inc928298AR9 | NOTE 2.250% 9/1 | – | $26.9M | 4.0% | – | – | – |
| Collegium Pharmaceutical, Inc19459JAC8 | NOTE 2.875% 2/1 | – | $25.8M | 3.9% | – | – | – |
| Uber Technologies, Inc90353TAM2 | NOTE 0.875%12/0 | – | $24.7M | 3.7% | – | – | – |
| Evergy, Inc.30034WAD8 | NOTE 4.500%12/1 | – | $24.5M | 3.7% | – | – | – |
| Varonis Sys Inc922280AD4 | NOTE 1.000% 9/1 | – | $21.3M | 3.2% | – | New | – |
| Porch Group, Inc.733245AD6 | DEBT 9.000% 5/1 | – | $19.9M | 3.0% | – | – | – |
| Ezcorp Inc302301AG1 | NOTE 3.75% 12/15/29 | – | $17.7M | 2.6% | – | New | – |
| Semtech Corp816850AF8 | NOTE 1.625%11/0 | – | $15.7M | 2.3% | – | – | – |
| Penguin Solutions, Inc.83205YAE4 | NOTE 2.000% 8/1 | – | $15.5M | 2.3% | – | – | – |
| Nutanix, Inc.67059NAH1 | NOTE 0.250%10/0 | – | $14.1M | 2.1% | – | – | – |
| Exact Sciences Corp30063PAC9 | NOTE 0.375% 3/0 | – | $13.9M | 2.1% | – | New | – |
| PRCH 6.750 10/01/28733245AC8 | COM | – | $13.2M | 2.0% | – | – | – |
| Wolfspeed, Inc.977852AP7 | NOTE 2.500% 6/1 | – | $12.6M | 1.9% | – | New | – |
| Pacira BioSciences, Inc.695127AJ9 | NOTE 2.125% 5/1 | – | $12.4M | 1.9% | – | – | – |
| Advanced Energy Inds007973AE0 | NOTE 2.500% 9/1 | – | $12.3M | 1.8% | – | New | – |
| Akamai Technologies Inc00971TAL5 | NOTE 0.375% 9/0 | – | $12.1M | 1.8% | – | New | – |
| Alny 09/15/28 CVT02043QAC1 | Note 0 09/15 | – | $12.1M | 1.8% | – | New | – |
| Omnicell Com68213NAF6 | NOTE 1.000%12/0 | – | $11.9M | 1.8% | – | New | – |
| Peloton Interactive, Inc.70614WAD2 | NOTE 5.500%12/0 | – | $11.8M | 1.8% | – | – | – |
| Halozyme Therapeutics, Inc.40637HAD1 | NOTE 0.250% 3/0 | – | $10.6M | 1.6% | – | New | – |
| Evolent Health, Inc.30050BAH4 | NOTE 3.500%12/0 | – | $10.4M | 1.6% | – | – | – |
| Five9, Inc.338307AF8 | NOTE 1.000% 3/1 | – | $10.4M | 1.6% | – | – | – |
| Bandwidth Inc.05988JAD5 | NOTE 0.500% 4/0 | – | $9.21M | 1.4% | – | – | – |
| VRMVroom, Inc. | COM NEW | 425,488 | $8.47M | 1.3% | +10,539+2.5% | Added | History |
| Amphastar Pharmaceuticals IN03209RAB9 | NOTE 2.000% 3/1 | – | $8.41M | 1.3% | – | – | – |
| HLITHarmonic Inc. | COM | 650,000 | $6.43M | 1.0% | −24,600−3.6% | Reduced | History |
| 8X8 Inc282914AE0 | NOTE 4.000% 2/0 | – | $6.21M | 0.9% | – | – | – |
| Evolent Health, Inc.30050BAJ0 | DEBT 4.500% 8/1 | – | $5.77M | 0.9% | – | – | – |
| EchoStar CORP278768AB2 | NOTE 3.875%11/3 | – | $5.65M | 0.8% | – | – | – |
| Inotiv, Inc.45783QAB6 | NOTE 3.250%10/1 | – | $4.10M | 0.6% | – | – | – |
| Fluor Corp343412AJ1 | NOTE 1.125% 8/1 | – | $3.93M | 0.6% | – | – | – |
| Qimonda AG74732WAA7 | NOTE 6.750 03/22/13 | – | $3.16M | 0.5% | – | – | – |
| Cerence Inc.156727AD1 | NOTE 1.500% 7/0 | – | $3.07M | 0.5% | – | – | – |
| AVAVAeroVironment Inc | COM | 12,100 | $2.93M | 0.4% | +12,100 | New | History |
| PCG.PXPG&E Corp | PFD CONV SER A | – | $2.86M | 0.4% | – | – | History |
| ARRYArray Technologies, Inc. | COM SHS | 295,500 | $2.72M | 0.4% | +295,500 | New | History |
| CORZCore Scientific, Inc. | COM | 160,900 | $2.34M | 0.4% | +160,900 | New | History |
| NEONeogenomics Inc | COM NEW | 165,101 | $1.94M | 0.3% | −36,212−18.0% | Reduced | History |
| LPSNLiveperson Inc | COM | 485,001 | $1.88M | 0.3% | +485,001 | New | History |
| ASTSAST SpaceMobile, Inc. | COM CL A | 24,200 | $1.76M | 0.3% | +24,200 | New | History |
| GOSSGossamer Bio, Inc. | COM | 500,000 | $1.55M | 0.2% | 00.0% | Unchanged | History |
| STNGScorpio Tankers Inc. | SHS | 30,000 | $1.52M | 0.2% | 00.0% | Unchanged | History |
| TEMTempus AI, Inc. | CL A | 24,700 | $1.46M | 0.2% | +24,700 | New | History |
| ARAYAccuray Inc | COM | 1,532,519 | $1.26M | 0.2% | +466,465+43.8% | Added | History |
| WULFTerawulf Inc. | COM | 96,600 | $1.11M | 0.2% | +96,600 | New | History |
| MXMagnachip Semiconductor Corp | COM | 220,000 | $561.0K | 0.1% | 00.0% | Unchanged | History |
| KPTIKaryopharm Therapeutics Inc. | COM NEW | 40,000 | $294.4K | <0.1% | 00.0% | Unchanged | History |
Options (2)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
Sold out since Q3 2025 (18)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| Asts 4 1/4 03/01/3200217DAA8 | 4.25 01/03/2032 | – | $43.6M | 5.6% | – |
| Western Digital Corp958102AT2 | NOTE 3.000%11/1 | – | $34.3M | 4.4% | – |
| Ford MTR Co Del345370CZ1 | NOTE 3/1 | – | $27.1M | 3.5% | – |
| Live Nation Entertainment IN538034BA6 | NOTE 3.125% 1/1 | – | $22.1M | 2.9% | – |
| Viavi Solutions Inc.925550AH8 | NOTE 1.625% 3/1 | – | $19.6M | 2.5% | – |
| Akamai Technologies Inc00971TAN1 | NOTE 1.125% 2/1 | – | $14.4M | 1.9% | – |
| Veritone, Inc.92347MAB6 | NOTE 1.750%11/1 | – | $10.0M | 1.3% | – |
| Lumentum Hldgs Inc55024UAF6 | NOTE 0.500% 6/1 | – | $9.08M | 1.2% | – |
| WOLFWolfspeed, Inc. | COMMON STOCK | 286,407 | $8.19M | 1.1% | History |
| Luminar Technologies, Inc.550424AE5 | DEBT 11.500% 1/1 | – | $8.09M | 1.0% | – |
| Haemonetics Corp Mass405024AD2 | NOTE 2.500% 6/0 | – | $7.81M | 1.0% | – |
| Beyond Meat, Inc.08862EAB5 | NOTE 3/1 | – | $5.84M | 0.8% | – |
| Oatly Group AB67421JAC2 | NOTE 9.250% 9/1 | – | $4.65M | 0.6% | – |
| Bentley Sys Inc08265TAD1 | NOTE 0.375% 7/0 | – | $4.24M | 0.5% | – |
| Luminar Technologies, Inc.550424AD7 | NOTE 9.000% 1/1 | – | $3.11M | 0.4% | – |
| Patk703343AG8 | 12/01/2028 | – | $2.28M | 0.3% | – |
| AVDLAvadel Pharmaceuticals PLC | Stock | 110,000 | $1.68M | 0.2% | History |
| AISPWAirship AI Holdings, Inc. | *W EXP 12/21/202 | 12,500 | $21.0K | <0.1% | History |