SILVERBACK ASSET MANAGEMENT LLC
CIK: 0001278960Latest portfolio: $683.8M · Q4 2025
Holdings
56
Total Value
$683.8M
New Positions
15
Closed Positions
21
Top Holdings
View All 56 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | STX 3.5 06/01/28SEAGATE HDD CAYMAN | 15,438,000 | $51.9M | 7.59% | — | |
| 2 | COIN 0.5 06/01/26COINBASE GLOBAL INC | 32,977,000 | $32.9M | 4.81% | +9.3M | |
| 3 | MTCH 0.875 06/15/26IAC 0.875 06/15/26 CVT | 31,603,000 | $31.0M | 4.53% | +2.4M | |
| 4 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC | 26,950,000 | $30.4M | 4.44% | +17.5M | |
| 5 | TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST | 28,206,000 | $28.6M | 4.18% | -941,000 | |
| 6 | ON 0 05/01/27ON SEMICONDUCTOR CORP | 23,571,000 | $28.1M | 4.11% | +7.0M | |
| 7 | JBTM 0.25 05/15/26JBT MAREL CORPORATION | 27,300,000 | $28.0M | 4.09% | — | |
| 8 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC | 29,833,000 | $26.9M | 3.93% | +7.1M | |
| 9 | COLL 2.875 02/15/29COLLEGIUM PHARMACEUTICAL INC | 18,300,000 | $25.8M | 3.78% | +3.5M | |
| 10 | UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC | 19,000,000 | $24.7M | 3.61% | +2.5M | |
| 11 | EVRG 4.5 12/15/27EVERGY INC | 20,096,000 | $24.5M | 3.58% | — | |
| 12 | VRNS 1 09/15/29VARONIS SYS INC | 22,955,000 | $21.3M | 3.12% | NEW | |
| 13 | PRCH 9 05/15/30PORCH GROUP INC | 17,500,000 | $19.9M | 2.90% | -2,000,000 | |
| 14 | EZPW 3.75 12/15/29EZPW 3.750 12/15/29 CVT | 9,500,000 | $17.7M | 2.59% | NEW | |
| 15 | SMTC 1.625 11/01/27SEMTECH CORP | 7,700,000 | $15.7M | 2.29% | -300,000 | |
| 16 | PENG 2 08/15/30PENGUIN SOLUTIONS INC | 15,135,000 | $15.5M | 2.27% | -500,000 | |
| 17 | NTNX 0.25 10/01/27NUTANIX INC | 12,500,000 | $14.1M | 2.06% | -2,500,000 | |
| 18 | EXAS 0.375 03/01/28EXACT SCIENCES CORP | 13,500,000 | $13.9M | 2.03% | NEW | |
| 19 | PRCH 6.75 10/01/28PRCH 6.750 10/01/28 '26 CVT | 13,213,000 | $13.2M | 1.93% | +690K | |
| 20 | WOLF 2.5 06/15/31WOLFSPEED INC | 8,465,000 | $12.6M | 1.85% | NEW | |
| 21 | PCRX 2.125 05/15/29PACIRA BIOSCIENCES INC | 12,275,000 | $12.4M | 1.81% | +750K | |
| 22 | AEIS 2.5 09/15/28ADVANCED ENERGY INDS | 7,500,000 | $12.3M | 1.80% | NEW | |
| 23 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 12,000,000 | $12.1M | 1.77% | NEW | |
| 24 | ALNY 0 09/15/28ALNY 09/15/28 CVT | 12,500,000 | $12.1M | 1.76% | NEW | |
| 25 | OMCL 1 12/01/29OMNICELL COM | 11,000,000 | $11.9M | 1.74% | NEW |
Quarterly Changes
New Positions
- $21.3M
- $17.7M
- $13.9M
- $12.6M
- $12.3M
- $12.1M
- $12.1M
- $11.9M
- $10.6M
- JPXNEW$2.9M
Closed Positions
- HYGCLOSED$211.1B
- ASTS 4.25 03/01/32CLOSED$43.6B
- WDC 3 11/15/28CLOSED$34.3B
- F 0 03/15/26CLOSED$27.1B
- IWMCLOSED$24.2B
- LYV 3.125 01/15/29CLOSED$22.1B
- VIAV 1.625 03/15/26CLOSED$19.6B
- AKAM 1.125 02/15/29CLOSED$14.4B
- VERI 1.75 11/15/26CLOSED$10.0B
- LITE 0.5 06/15/28CLOSED$9.1B
Increased Positions
| Name | Shares | Change |
|---|---|---|
| COIN 0.5 06/01/26 | 33.0M | +9.3M |
| VSH 2.25 09/15/30 | 29.8M | +7.1M |
| ON 0 05/01/27 | 23.6M | +7.0M |
| COLL 2.875 02/15/29 | 18.3M | +3.5M |
| EVH 3.5 12/01/29 | 15.5M | +3.0M |
| UBER 0.875 12/01/28 2028 | 19.0M | +2.5M |
| MTCH 0.875 06/15/26 | 31.6M | +2.4M |
| PCRX 2.125 05/15/29 | 12.3M | +750K |
| PRCH 6.75 10/01/28 | 13.2M | +690K |
| XEJ | 1.5M | +466K |
Decreased Positions
| Name | Shares | Change |
|---|---|---|
| SATS 3.875 11/30/30 | 1.7M | -6352999 |
| FIVN 1 03/15/29 | 11.5M | -5250000 |
| EGHT 4 02/01/28 | 7.0M | -2750000 |
| NTNX 0.25 10/01/27 | 12.5M | -2500000 |
| PRCH 9 05/15/30 | 17.5M | -2000000 |
| BAND 0.5 04/01/28 | 10.5M | -2000000 |
| TYL 0.25 03/15/26 | 28.2M | -941000 |
| PENG 2 08/15/30 | 15.1M | -500000 |
| SMTC 1.625 11/01/27 | 7.7M | -300000 |
| NEO | 165K | -36212 |
Sector Breakdown
Unknown0.0% ($5.187132915309703e+183T)
Technology0.0% ($64283181234218.8T)
Healthcare0.0% ($194115.5T)
Consumer Cyclical0.0% ($115.7B)
Energy0.0% ($27.2B)
Financial Services0.0% ($1.1M)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $683.8M | 58 |
| Q3 2025 | Nov 13, 2025 | $1.0T | 68 |
| Q2 2025 | Aug 13, 2025 | $706.9B | 0 |
| Q1 2025 | May 15, 2025 | $724.2B | 61 |
| Q4 2024 | Feb 13, 2025 | $682.2B | 75 |
| Q3 2024 | Nov 14, 2024 | $743.6B | 83 |
| Q2 2024 | Aug 14, 2024 | $812.8B | 84 |
| Q1 2024 | May 14, 2024 | $750.6B | 79 |
| Q4 2023 | Feb 13, 2024 | $718.4B | 88 |
| Q3 2023 | Nov 14, 2023 | $729.5B | 92 |
| Q2 2023 | Aug 14, 2023 | $719.1B | 95 |
| Q1 2023 | May 15, 2023 | $737.3B | 99 |
| Q4 2022 | Feb 14, 2023 | $724.6B | 131 |
| Q3 2022 | Nov 14, 2022 | $659.2M | 115 |
| Q2 2022 | Aug 15, 2022 | $649.2M | 107 |
| Q1 2022 | May 13, 2022 | $737.6M | 95 |
| Q4 2021 | Feb 14, 2022 | $836.8M | 79 |
| Q3 2021 | Nov 15, 2021 | $681.3M | 81 |
| Q2 2021 | Aug 16, 2021 | $828.7M | 76 |
| Q1 2021 | May 17, 2021 | $460.8M | 57 |
| Q4 2020 | Feb 16, 2021 | $787.4M | 59 |
| Q3 2020 | Nov 13, 2020 | $475.4M | 50 |
| Q2 2020 | Aug 14, 2020 | $404.1M | 52 |
| Q1 2020 | May 13, 2020 | $469.9M | 51 |
| Q4 2019 | Feb 13, 2020 | $673.5M | 48 |
| Q3 2019 | Nov 14, 2019 | $653.4M | 49 |
| Q2 2019 | Aug 14, 2019 | $631.0M | 53 |
| Q1 2019 | May 15, 2019 | $584.4M | 44 |
| Q4 2018 | Feb 14, 2019 | $540.6M | 58 |
| Q3 2018 | Nov 14, 2018 | $643.3M | 51 |
| Q2 2018 | Aug 14, 2018 | $788.6M | 50 |
| Q1 2018 | May 14, 2018 | $510.0M | 49 |
| Q4 2017 | Feb 13, 2018 | $527.1M | 49 |
| Q3 2017 | Nov 14, 2017 | $625.0M | 50 |
| Q2 2017 | Aug 14, 2017 | $264.4M | 27 |
| Q1 2017 | May 12, 2017 | $407.1M | 31 |
| Q4 2016 | Feb 14, 2017 | $323.1M | 40 |
| Q3 2016 | Nov 14, 2016 | $330.9M | 44 |
| Q2 2016 | Aug 15, 2016 | $490.6M | 46 |
| Q1 2016 | May 13, 2016 | $732.6M | 68 |
Fund Information
SILVERBACK ASSET MANAGEMENT LLC is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $683.8M across 56 holdings. The largest position is SEAGATE HDD CAYMAN (STX 3.5 06/01/28), representing 7.6% of the portfolio. Compared to the previous quarter, the fund opened 16 new positions and closed 22 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.