Q1 2025 · 13F-HR
SILVERBACK ASSET MANAGEMENT LLCholdings as filed
Filed 2025-05-15 · accession 0001398344-25-009555
$724.2M
Reported value
61
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464288513 | HYG | ISHARES TR | $78.9M | 10.9% | 1,000,000 | PUT | SOLE |
| 902252AB1 | TYL 0.25 03/15/26 | TYLER TEX INDPT SCH DIST | $29.3M | 4.05% | 23,994,000 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $28.0M | 3.86% | 50,000 | PUT | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY INC | $26.4M | 3.65% | 29,807,000 | Common | SOLE |
| 477839AB0 | JBTM 0.25 05/15/26 | JBT MAREL CORPORATION | $26.4M | 3.64% | 26,300,000 | Common | SOLE |
| 81180WBL4 | STX 3.5 06/01/28 | SEAGATE HDD CAYMAN | $25.9M | 3.58% | 21,500,000 | Common | SOLE |
| 844741BG2 | LUV 1.25 05/01/25 | SOUTHWEST AIRLS CO | $25.5M | 3.52% | 25,498,000 | Common | SOLE |
| 733245AC8 | — | Porch Group Inc | $23.3M | 3.22% | 26,275,000 | Common | SOLE |
| 278768AB2 | SATS 3.875 11/30/30 | ECHOSTAR CORP | $23.0M | 3.18% | 20,561,502 | Common | SOLE |
| 925550AH8 | VIAV 1.625 03/15/26 | VIAVI SOLUTIONS INC | $22.9M | 3.17% | 21,332,000 | Common | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $21.0M | 2.90% | 21,427,000 | Common | SOLE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN | $20.1M | 2.78% | 14,482,000 | Common | SOLE |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAMAI TECHNOLOGIES INC | $19.3M | 2.67% | 19,800,000 | Common | SOLE |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP | $18.6M | 2.58% | 17,500,000 | Common | SOLE |
| 399473AH0 | GRPN 6.25 03/15/27 * | GROUPON INC | $17.9M | 2.47% | 17,084,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $15.9M | 2.20% | 17,500,000 | Common | SOLE |
| 958102AT2 | WDC 3 11/15/28 | WESTERN DIGITAL CORP | $15.9M | 2.20% | 12,392,000 | Common | SOLE |
| 816850AF8 | SMTC 1.625 11/01/27 | SEMTECH CORP | $14.2M | 1.96% | 11,500,000 | Common | SOLE |
| 538146AD3 | LPSN 0 12/15/26 | LIVEPERSON INC | $14.1M | 1.95% | 39,443,000 | Common | SOLE |
| 004397AK1 | — | ACCURAY INC DEL | $13.9M | 1.91% | 15,096,000 | Common | SOLE |
| 19459JAC8 | COLL 2.875 02/15/29 | COLLEGIUM PHARMACEUTICAL INC | $13.8M | 1.91% | 12,800,000 | Common | SOLE |
| 92918V307 | VRM | VROOM INC | $12.5M | 1.73% | 424,873 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $12.5M | 1.73% | 14,000,000 | Common | SOLE |
| 69553PAD2 | PD 1.5 10/15/28 * | PAGERDUTY INC | $11.9M | 1.65% | 12,000,000 | Common | SOLE |
| 682189AS4 | ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $11.6M | 1.60% | 11,000,000 | Common | SOLE |
| 345370CZ1 | F 0 03/15/26 | FORD MTR CO | $11.3M | 1.56% | 11,500,000 | Common | SOLE |
| 282914AE0 | EGHT 4 02/01/28 | 8X8 INC NEW | $11.2M | 1.54% | 13,220,000 | Common | SOLE |
| 29975EAD1 | EB 0.75 09/15/26 | EVENTBRITE INC | $10.5M | 1.44% | 11,473,000 | Common | SOLE |
| 977852AD4 | WOLF 1.875 12/01/29 | WOLFSPEED INC | $9.5M | 1.31% | 42,000,000 | Common | SOLE |
| 550424AE5 | LAZR 11.5 01/15/30 | LUMINAR TECHNOLOGIES INC | $9.4M | 1.30% | 20,190,000 | Common | SOLE |
| 55024UAF6 | LITE 0.5 06/15/28 | LUMENTUM HLDGS INC | $8.8M | 1.21% | 9,500,000 | Common | SOLE |
| 156727AD1 | CRNC 1.5 07/01/28 | CERENCE INC | $8.4M | 1.16% | 12,000,000 | Common | SOLE |
| 10806XAD4 | BBIO 2.25 02/01/29 | BRIDGEBIO PHARMA INC | $8.1M | 1.12% | 9,000,000 | Common | SOLE |
| 698884AE3 | PAR 1.5 10/15/27 | PAR TECHNOLOGY CORP | $8.1M | 1.11% | 7,500,000 | Common | SOLE |
| 94419LAR2 | W 3.5 11/15/28 | WAYFAIR INC | $8.0M | 1.11% | 7,487,000 | Common | SOLE |
| 03209RAB9 | AMPH 2 03/15/29 | AMPHASTAR PHARMACEUTICALS IN | $7.5M | 1.04% | 8,423,000 | Common | SOLE |
| 88554DAD8 | DDD 0 11/15/26 | 3D SYS CORP DEL | $7.3M | 1.01% | 8,000,000 | Common | SOLE |
| 549498AA1 | — | Lucid Group Inc | $7.2M | 0.99% | 9,000,000 | Common | SOLE |
| 413160102 | HLIT | HARMONIC INC | $7.0M | 0.96% | 725,000 | Common | SOLE |
| 92347MAB6 | VERI 1.75 11/15/26 | VERITONE INC | $6.7M | 0.92% | 15,744,000 | Common | SOLE |
| 85859NAC6 | — | STEM Inc | $6.6M | 0.91% | 27,100,000 | Common | SOLE |
| 55024UAH2 | LITE 1.5 12/15/29 | LUMENTUM HLDGS INC | $6.1M | 0.85% | 5,214,000 | Common | SOLE |
| 45783QAB6 | NOTV 3.25 10/15/27 | INOTIV INC | $5.4M | 0.74% | 16,092,000 | Common | SOLE |
| 45569UAA9 | — | Indie Semiconductor Inc | $4.8M | 0.66% | 5,810,000 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $4.7M | 0.65% | 105,000 | Common | SOLE |
| 08862EAB5 | BYND 0 03/15/27 | BEYOND MEAT INC | $4.1M | 0.57% | 34,216,000 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $4.1M | 0.56% | 5,000,000 | Common | SOLE |
| 733245AA2 | — | Porch Group Inc | $4.0M | 0.55% | 4,500,000 | Common | SOLE |
| 550424AD7 | LAZR 9 01/15/30 | LUMINAR TECHNOLOGIES INC | $3.7M | 0.52% | 7,249,000 | Common | SOLE |
| 74732WAA7 | — | Qimonda AG | $2.9M | 0.39% | 12,400,000 | Common | SOLE |
| 781386305 | RDNW | RUMBLEON INC | $1.3M | 0.18% | 459,738 | Common | SOLE |
| 87266JAB0 | TPIC 5.25 03/15/28 | TPI COMPOSITES INC | $1.2M | 0.17% | 7,525,000 | Common | SOLE |
| G29687103 | AVDL | AVADEL PHARMACEUTICALS PLC | $1.0M | 0.14% | 130,000 | Common | SOLE |
| G29687103 | AVDL | AVADEL PHARMACEUTICALS PLC | $783,000 | 0.11% | 100,000 | CALL | SOLE |
| 55933J203 | MX | MAGNACHIP SEMICONDUCTOR CORP | $754,600 | 0.10% | 220,000 | Common | SOLE |
| 38341P102 | GOSS | GOSSAMER BIO INC | $385,000 | 0.05% | 350,000 | Common | SOLE |
| 92347M100 | VERI | VERITONE INC | $232,500 | 0.03% | 100,000 | Common | SOLE |
| 48576U205 | KPTI | KARYOPHARM THERAPEUTICS INC | $187,000 | 0.03% | 50,000 | Common | SOLE |
| 004397105 | ARAY | ACCURAY INC | $123,619 | 0.02% | 69,061 | Common | SOLE |
| 008940116 | AISPW | AIRSHIP AI HLDGS INC | $14,000 | 0.00% | 12,500 | Common | SOLE |
| G9889X115 | ZAPWF | ZAPP ELEC VEHS GROUP LTD | $70 | 0.00% | 7,961 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.