SILVERBACK ASSET MANAGEMENT LLC

CIK: 0001278960SEC EDGAR →

Portfolio Value

$683.8M

Holdings

56

As of

Q4 2025

New Positions

62

Closed Positions

0

Portfolio Value History

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	STX 3.5 06/01/28 SEAGATE HDD CAYMAN	15,438,000	$51.9M	7.59%
2	COIN 0.5 06/01/26 COINBASE GLOBAL INC	32,977,000	$32.9M	4.81%
3	MTCH 0.875 06/15/26 IAC 0.875 06/15/26 CVT	31,603,000	$31.0M	4.53%
4	BBIO 2.25 02/01/29 BRIDGEBIO PHARMA INC	26,950,000	$30.4M	4.44%
5	TYL 0.25 03/15/26 TYLER TEX INDPT SCH DIST	28,206,000	$28.6M	4.18%
6	ON 0 05/01/27 ON SEMICONDUCTOR CORP	23,571,000	$28.1M	4.11%
7	JBTM 0.25 05/15/26 JBT MAREL CORPORATION	27,300,000	$28.0M	4.09%
8	VSH 2.25 09/15/30 VISHAY INTERTECHNOLOGY INC	29,833,000	$26.9M	3.93%
9	COLL 2.875 02/15/29 COLLEGIUM PHARMACEUTICAL INC	18,300,000	$25.8M	3.78%
10	UBER 0.875 12/01/28 2028 UBER TECHNOLOGIES INC	19,000,000	$24.7M	3.61%

Quarterly Changes

Top Buys

VRNS 1 09/15/29NEW

$21.3M

BBIO 2.25 02/01/29↑ Increased

$21.0M

EZPW 3.75 12/15/29NEW

$17.7M

EXAS 0.375 03/01/28NEW

$13.9M

WOLF 2.5 06/15/31NEW

$12.6M

Top Sells

HYGCLOSED

$211.1M

ASTS 4.25 03/01/32CLOSED

$43.6M

WDC 3 11/15/28CLOSED

$34.3M

F 0 03/15/26CLOSED

$27.1M

IWMCLOSED

$24.2M

New Positions (16)

VRNS 1 09/15/29

$21.3M · 23.0M shares

EZPW 3.75 12/15/29

$17.7M · 9.5M shares

EXAS 0.375 03/01/28

$13.9M · 13.5M shares

WOLF 2.5 06/15/31

$12.6M · 8.5M shares

AEIS 2.5 09/15/28

$12.3M · 7.5M shares

AKAM 0.375 09/01/27

$12.1M · 12.0M shares

ALNY 0 09/15/28

$12.1M · 12.5M shares

OMCL 1 12/01/29

$11.9M · 11.0M shares

HALO 0.25 03/01/27

$10.6M · 9.8M shares

$2.9M · 12K shares

$2.7M · 296K shares

$2.3M · 161K shares

$1.9M · 485K shares

$1.8M · 24K shares

$1.5M · 25K shares

$1.1M · 97K shares

Closed Positions (22)

$211.1M · 2.6M shares

ASTS 4.25 03/01/32

$43.6M · 20.8M shares

$34.3M · 10.7M shares

$27.1M · 26.8M shares

$24.2M · 100K shares

LYV 3.125 01/15/29

$22.1M · 13.6M shares

VIAV 1.625 03/15/26

$19.6M · 18.5M shares

AKAM 1.125 02/15/29

$14.4M · 15.3M shares

VERI 1.75 11/15/26

$10.0M · 13.2M shares

LITE 0.5 06/15/28

$9.1M · 6.5M shares

$8.2M · 286K shares

LAZR 11.5 01/15/30

$8.1M · 21.7M shares

HAE 2.5 06/01/29

$7.8M · 8.4M shares

$6.5M · 133K shares

BYND 0 03/15/27

$5.8M · 29.3M shares

OTLY 9.25 09/14/28

$4.6M · 5.1M shares

BSY 0.375 07/01/27

$4.2M · 4.5M shares

LAZR 9 01/15/30

$3.1M · 9.2M shares

PATK 1.75 12/01/28

$2.3M · 1.4M shares

$1.7M · 110K shares

$680K · 100K shares

$21K · 13K shares

Sector Breakdown

Sector	# Holdings	Value	%
Unknown	41	$637.0M	93.2%
Consumer Cyclical	2	$20.0M	2.9%
Technology	6	$16.1M	2.4%
Healthcare	4	$5.2M	0.8%
Energy	2	$4.2M	0.6%
Financial Services	1	$1.1M	0.2%