SILVERBACK ASSET MANAGEMENT LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$683.8M
Holdings
56
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (56 positions)
| # | Stock | Shares | Value | % Portfolio | 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% | |
| 3 | MTCH 0.875 06/15/26IAC 0.875 06/15/26 CVT | 31,603,000 | $31.0M | 4.53% | |
| 4 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC | 26,950,000 | $30.4M | 4.44% | |
| 5 | TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST | 28,206,000 | $28.6M | 4.18% | |
| 6 | ON 0 05/01/27ON SEMICONDUCTOR CORP | 23,571,000 | $28.1M | 4.11% | |
| 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% | |
| 9 | COLL 2.875 02/15/29COLLEGIUM PHARMACEUTICAL INC | 18,300,000 | $25.8M | 3.78% | |
| 10 | UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC | 19,000,000 | $24.7M | 3.61% | |
| 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% | |
| 13 | PRCH 9 05/15/30PORCH GROUP INC | 17,500,000 | $19.9M | 2.90% | |
| 14 | EZPW 3.75 12/15/29EZPW 3.750 12/15/29 CVT | 9,500,000 | $17.7M | 2.59% | |
| 15 | SMTC 1.625 11/01/27SEMTECH CORP | 7,700,000 | $15.7M | 2.29% | |
| 16 | PENG 2 08/15/30PENGUIN SOLUTIONS INC | 15,135,000 | $15.5M | 2.27% | |
| 17 | NTNX 0.25 10/01/27NUTANIX INC | 12,500,000 | $14.1M | 2.06% | |
| 18 | EXAS 0.375 03/01/28EXACT SCIENCES CORP | 13,500,000 | $13.9M | 2.03% | |
| 19 | PRCH 6.75 10/01/28PRCH 6.750 10/01/28 '26 CVT | 13,213,000 | $13.2M | 1.93% | |
| 20 | WOLF 2.5 06/15/31WOLFSPEED INC | 8,465,000 | $12.6M | 1.85% | |
| 21 | PCRX 2.125 05/15/29PACIRA BIOSCIENCES INC | 12,275,000 | $12.4M | 1.81% | |
| 22 | AEIS 2.5 09/15/28ADVANCED ENERGY INDS | 7,500,000 | $12.3M | 1.80% | |
| 23 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 12,000,000 | $12.1M | 1.77% | |
| 24 | ALNY 0 09/15/28ALNY 09/15/28 CVT | 12,500,000 | $12.1M | 1.76% | |
| 25 | OMCL 1 12/01/29OMNICELL COM | 11,000,000 | $11.9M | 1.74% | |
| 26 | PTON 5.5 12/01/29PELOTON INTERACTIVE INC | 7,120,000 | $11.8M | 1.73% | |
| 27 | LCIDLUCID GROUP INC | 1,094,700 | $11.6M | 1.69% | Put |
| 28 | HALO 0.25 03/01/27HALOZYME THERAPEUTICS INC | 9,819,000 | $10.6M | 1.55% | |
| 29 | EVH 3.5 12/01/29EVOLENT HEALTH INC | 15,500,000 | $10.4M | 1.52% | |
| 30 | FIVN 1 03/15/29FIVE9 INC | 11,530,000 | $10.4M | 1.52% | |
| 31 | BAND 0.5 04/01/28BANDWIDTH INC | 10,500,000 | $9.2M | 1.35% | |
| 32 | VRMVROOM INC | 425,488 | $8.5M | 1.24% | |
| 33 | AMPH 2 03/15/29AMPHASTAR PHARMACEUTICALS IN | 9,080,000 | $8.4M | 1.23% | |
| 34 | HLITHARMONIC INC | 650,000 | $6.4M | 0.94% | |
| 35 | EGHT 4 02/01/288X8 INC NEW | 6,970,000 | $6.2M | 0.91% | |
| 36 | EVH 4.5 08/15/31EVOLENT HEALTH INC | 8,149,000 | $5.8M | 0.84% | |
| 37 | SATS 3.875 11/30/30ECHOSTAR CORP | 1,685,497 | $5.7M | 0.83% | |
| 38 | NOTV 3.25 10/15/27INOTIV INC | 17,092,000 | $4.1M | 0.60% | |
| 39 | FLR 1.125 08/15/29FLUOR CORP | 3,444,000 | $3.9M | 0.57% | |
| 40 | INDIINDIE SEMICONDUCTOR INC | 901,300 | $3.2M | 0.47% | Put |
| 41 | QI 6.75 03/22/13 ADSQMNDQ 6.750 03/22/13 CVT DFTd | 12,400,000 | $3.2M | 0.46% | |
| 42 | CRNC 1.5 07/01/28CERENCE INC | 3,400,000 | $3.1M | 0.45% | |
| 43 | JPXAEROVIRONMENT INC | 12,100 | $2.9M | 0.43% | |
| 44 | PCG 6 12/01/27 APG&E CORP | 70,000 | $2.9M | 0.42% | |
| 45 | ARRYARRAY TECHNOLOGIES INC | 295,500 | $2.7M | 0.40% | |
| 46 | CORZCORE SCIENTIFIC INC NEW | 160,900 | $2.3M | 0.34% | |
| 47 | NEONEOGENOMICS INC | 165,101 | $1.9M | 0.28% | |
| 48 | LPSNLIVEPERSON INC | 485,001 | $1.9M | 0.27% | |
| 49 | ASTSAST SPACEMOBILE INC | 24,200 | $1.8M | 0.26% | |
| 50 | GOSSGOSSAMER BIO INC | 500,000 | $1.6M | 0.23% | |
| 51 | STNGSCORPIO TANKERS INC | 30,000 | $1.5M | 0.22% | |
| 52 | TEMTEMPUS AI INC | 24,700 | $1.5M | 0.21% | |
| 53 | XEJACCURAY INC | 1,532,519 | $1.3M | 0.18% | |
| 54 | WULFTERAWULF INC | 96,600 | $1.1M | 0.16% | |
| 55 | MXMAGNACHIP SEMICONDUCTOR CORP | 220,000 | $561K | 0.08% | |
| 56 | KPTIKARYOPHARM THERAPEUTICS INC | 40,000 | $294K | 0.04% |