Q3 2025 · 13F-HR
SILVERBACK ASSET MANAGEMENT LLCholdings as filed
Filed 2025-11-13 · accession 0001398344-25-020867
$1.04B
Reported value
63
Positions
2025-09-30
Period end
The Brief · SILVERBACK ASSET MANAGEMENT LLC · Q3 2025
AI · grounded in 13F
Silverback Asset Management LLC established a new position in HYG valued at $211.1M. The fund also initiated new holdings in Seagate HDD Cayman [[stock:STX 3.5 06/01/28]] for $44.5M and Ast Spacemobile Inc [[stock:ASTS 4.25 03/01/32]] for $43.6M. Additional new positions include Western Digital Corp [[stock:WDC 3 11/15/28]] and Tyler Tex Indpt Sch Dist [[stock:TYL 0.25 03/15/26]].
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464288513 | HYG | ISHARES TR | $129.9M | 12.4% | 1,600,000 | PUT | SOLE |
| 464288513 | HYG | ISHARES TR | $81.2M | 7.78% | 1,000,000 | CALL | SOLE |
| 81180WBL4 | STX 3.5 06/01/28 | SEAGATE HDD CAYMAN | $44.5M | 4.26% | 15,438,000 | Common | SOLE |
| 00217DAA8 | — | Ast Spacemobile Inc | $43.6M | 4.17% | 20,755,000 | Common | SOLE |
| 958102AT2 | WDC 3 11/15/28 | WESTERN DIGITAL CORP | $34.3M | 3.29% | 10,695,000 | Common | SOLE |
| 902252AB1 | TYL 0.25 03/15/26 | TYLER TEX INDPT SCH DIST | $32.0M | 3.07% | 29,147,000 | Common | SOLE |
| 733245AD6 | PRCH 9 05/15/30 | PORCH GROUP INC | $29.2M | 2.80% | 19,500,000 | Common | SOLE |
| 44932FAA5 | — | IAC FinanceCo 2, Inc. | $28.4M | 2.72% | 29,192,000 | Common | SOLE |
| 477839AB0 | JBTM 0.25 05/15/26 | JBT MAREL CORPORATION | $27.6M | 2.64% | 27,300,000 | Common | SOLE |
| 345370CZ1 | F 0 03/15/26 | FORD MTR CO | $27.1M | 2.60% | 26,750,000 | Common | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $26.4M | 2.53% | 23,727,000 | Common | SOLE |
| 549498202 | LCID | LUCID GROUP INC | $26.0M | 2.49% | 1,094,700 | PUT | SOLE |
| 30034WAD8 | EVRG 4.5 12/15/27 | EVERGY INC | $25.2M | 2.42% | 20,096,000 | Common | SOLE |
| 90353TAM2 | UBER 0.875 12/01/28 2028 | UBER TECHNOLOGIES INC | $24.3M | 2.33% | 16,500,000 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $24.2M | 2.32% | 100,000 | CALL | SOLE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN | $22.1M | 2.12% | 13,632,000 | Common | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY INC | $20.7M | 1.98% | 22,720,000 | Common | SOLE |
| 67059NAH1 | NTNX 0.25 10/01/27 | NUTANIX INC | $20.7M | 1.98% | 15,000,000 | Common | SOLE |
| 278768AB2 | SATS 3.875 11/30/30 | ECHOSTAR CORP | $19.8M | 1.90% | 8,038,496 | Common | SOLE |
| 925550AH8 | VIAV 1.625 03/15/26 | VIAVI SOLUTIONS INC | $19.6M | 1.88% | 18,533,000 | Common | SOLE |
| 682189AS4 | ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $18.9M | 1.81% | 16,571,000 | Common | SOLE |
| 83205YAE4 | PENG 2 08/15/30 | PENGUIN SOLUTIONS INC | $18.7M | 1.79% | 15,635,000 | Common | SOLE |
| 19459JAC8 | COLL 2.875 02/15/29 | COLLEGIUM PHARMACEUTICAL INC | $17.5M | 1.68% | 14,800,000 | Common | SOLE |
| 70614WAD2 | PTON 5.5 12/01/29 | PELOTON INTERACTIVE INC | $15.9M | 1.52% | 7,120,000 | Common | SOLE |
| 816850AF8 | SMTC 1.625 11/01/27 | SEMTECH CORP | $15.9M | 1.52% | 8,000,000 | Common | SOLE |
| 338307AF8 | FIVN 1 03/15/29 | FIVE9 INC | $14.8M | 1.42% | 16,780,000 | Common | SOLE |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP | $14.8M | 1.41% | 12,444,000 | Common | SOLE |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAMAI TECHNOLOGIES INC | $14.4M | 1.38% | 15,282,000 | Common | SOLE |
| 733245AC8 | — | Porch Group Inc | $12.9M | 1.24% | 12,523,000 | Common | SOLE |
| 695127AJ9 | — | PACIRA BIOSCIENCES INC | $11.7M | 1.12% | 11,525,000 | Common | SOLE |
| 156727AD1 | CRNC 1.5 07/01/28 | CERENCE INC | $11.3M | 1.08% | 13,650,000 | Common | SOLE |
| 92918V307 | VRM | VROOM INC | $11.2M | 1.07% | 414,949 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $10.6M | 1.01% | 12,500,000 | Common | SOLE |
| 30050BAJ0 | EVH 4.5 08/15/31 | EVOLENT HEALTH INC | $10.2M | 0.97% | 10,149,000 | Common | SOLE |
| 30050BAH4 | EVH 3.5 12/01/29 | EVOLENT HEALTH INC | $10.1M | 0.96% | 12,500,000 | Common | SOLE |
| 92347MAB6 | VERI 1.75 11/15/26 | VERITONE INC | $10.0M | 0.96% | 13,244,000 | Common | SOLE |
| 10806XAD4 | BBIO 2.25 02/01/29 | BRIDGEBIO PHARMA INC | $9.3M | 0.90% | 9,450,000 | Common | SOLE |
| 03209RAB9 | AMPH 2 03/15/29 | AMPHASTAR PHARMACEUTICALS IN | $9.1M | 0.87% | 10,008,000 | Common | SOLE |
| 55024UAF6 | LITE 0.5 06/15/28 | LUMENTUM HLDGS INC | $9.1M | 0.87% | 6,502,000 | Common | SOLE |
| 282914AE0 | EGHT 4 02/01/28 | 8X8 INC NEW | $8.4M | 0.81% | 9,720,000 | Common | SOLE |
| 97785W106 | WOLF | WOLFSPEED INC | $8.2M | 0.78% | 286,407 | Common | SOLE |
| 550424AE5 | LAZR 11.5 01/15/30 | LUMINAR TECHNOLOGIES INC | $8.1M | 0.78% | 21,690,000 | Common | SOLE |
| 405024AD2 | HAE 2.5 06/01/29 | HAEMONETICS CORP MASS | $7.8M | 0.75% | 8,440,000 | Common | SOLE |
| 413160102 | HLIT | HARMONIC INC | $6.9M | 0.66% | 674,600 | Common | SOLE |
| 00217D100 | ASTS | AST SPACEMOBILE INC | $6.5M | 0.62% | 132,800 | PUT | SOLE |
| 08862EAB5 | BYND 0 03/15/27 | BEYOND MEAT INC | $5.8M | 0.56% | 29,266,000 | Common | SOLE |
| 67421JAC2 | OTLY 9.25 09/14/28 | OATLY GROUP AB | $4.6M | 0.45% | 5,052,969 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $4.2M | 0.41% | 4,500,000 | Common | SOLE |
| 69331C306 | PCG 6 12/01/27 A | PG&E CORP | $4.1M | 0.40% | 105,000 | Common | SOLE |
| 45783QAB6 | NOTV 3.25 10/15/27 | INOTIV INC | $4.0M | 0.39% | 17,092,000 | Common | SOLE |
| 45569U101 | INDI | INDIE SEMICONDUCTOR INC | $3.7M | 0.35% | 901,300 | PUT | SOLE |
| 74732WAA7 | — | Qimonda AG | $3.3M | 0.32% | 12,400,000 | Common | SOLE |
| 550424AD7 | LAZR 9 01/15/30 | LUMINAR TECHNOLOGIES INC | $3.1M | 0.30% | 9,249,000 | Common | SOLE |
| 703343AG8 | PATK 1.75 12/01/28 | PATRICK INDS INC | $2.3M | 0.22% | 1,400,000 | Common | SOLE |
| 004397105 | ARAY | ACCURAY INC | $1.8M | 0.17% | 1,066,054 | Common | SOLE |
| Y7542C130 | STNG | SCORPIO TANKERS INC | $1.7M | 0.16% | 30,000 | Common | SOLE |
| G29687103 | AVDL | AVADEL PHARMACEUTICALS PLC | $1.7M | 0.16% | 110,000 | Common | SOLE |
| 64049M209 | NEO | NEOGENOMICS INC | $1.6M | 0.15% | 201,313 | Common | SOLE |
| 38341P102 | GOSS | GOSSAMER BIO INC | $1.3M | 0.13% | 500,000 | Common | SOLE |
| 55933J203 | MX | MAGNACHIP SEMICONDUCTOR CORP | $688,600 | 0.07% | 220,000 | Common | SOLE |
| 42806J700 | HTZ | HERTZ GLOBAL HLDGS INC | $680,000 | 0.07% | 100,000 | CALL | SOLE |
| 48576U205 | KPTI | KARYOPHARM THERAPEUTICS INC | $261,600 | 0.03% | 40,000 | Common | SOLE |
| 008940116 | AISPW | AIRSHIP AI HLDGS INC | $21,000 | 0.00% | 12,500 | 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.