SILVERBACK ASSET MANAGEMENT LLC

Filed: 2/17/2026ACC: 0001398344-26-003233

📋 What this filing means

SILVERBACK ASSET MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 56 equity positions with a total reported market value of $683.80M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$683.80M

Total AUM (reported)

572.43M

Total Shares

Allocation by class

NOTE 3.500% 6/0$51.87M7.6%

NOTE 0.500% 6/0$32.92M4.8%

NOTE 0.875% 06/15$30.97M4.5%

NOTE 2.250% 2/0$30.35M4.4%

NOTE 0.250% 3/1$28.58M4.2%

NOTE 5/0$28.11M4.1%

NOTE 0.250% 5/1$28.00M4.1%

Portfolio Concentration

Top 3$115.76M16.9%

4–10$192.42M28.1%

11–25$229.02M33.5%

Rest$146.61M21.4%

Top 3 weight

16.9%

Top 10 weight

45.1%

Voting Authority Distribution

Total shares with voting rights: 572.43M

Sole

Full voting authority

572.43M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole56

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings56

Rows:

SEAGATE HDD CAYMAN

SOLE

NOTE 3.500% 6/0

Shares15.44M

TypePRN

Market value$51.87M

7.59%

Sole

15.44M

Shared

0.00

None

0.00

COINBASE GLOBAL INC

SOLE

NOTE 0.500% 6/0

Shares32.98M

TypePRN

Market value$32.92M

4.81%

Sole

32.98M

Shared

0.00

None

0.00

IAC 0.875 06/15/26 CVT

SOLE

Note 0.875% 06/15

Shares31.60M

TypePRN

Market value$30.97M

4.53%

Sole

31.60M

Shared

0.00

None

0.00

BRIDGEBIO PHARMA INC

SOLE

NOTE 2.250% 2/0

Shares26.95M

TypePRN

Market value$30.35M

4.44%

Sole

26.95M

Shared

0.00

None

0.00

TYLER TEX INDPT SCH DIST

SOLE

NOTE 0.250% 3/1

Shares28.21M

TypePRN

Market value$28.58M

4.18%

Sole

28.21M

Shared

0.00

None

0.00

ON SEMICONDUCTOR CORP

SOLE

NOTE 5/0

Shares23.57M

TypePRN

Market value$28.11M

4.11%

Sole

23.57M

Shared

0.00

None

0.00

JBT MAREL CORPORATION

SOLE

NOTE 0.250% 5/1

Shares27.30M

TypePRN

Market value$28.00M

4.09%

Sole

27.30M

Shared

0.00

None

0.00

VISHAY INTERTECHNOLOGY INC

SOLE

NOTE 2.250% 9/1

Shares29.83M

TypePRN

Market value$26.87M

3.93%

Sole

29.83M

Shared

0.00

None

0.00

COLLEGIUM PHARMACEUTICAL INC

SOLE

NOTE 2.875% 2/1

Shares18.30M

TypePRN

Market value$25.83M

3.78%

Sole

18.30M

Shared

0.00

None

0.00

UBER TECHNOLOGIES INC

SOLE

NOTE 0.875%12/0

Shares19M

TypePRN

Market value$24.69M

3.61%

Sole

19M

Shared

0.00

None

0.00

EVERGY INC

SOLE

NOTE 4.500%12/1

Shares20.10M

TypePRN

Market value$24.45M

3.58%

Sole

20.10M

Shared

0.00

None

0.00

VARONIS SYS INC

SOLE

NOTE 1.000% 9/1

Shares22.95M

TypePRN

Market value$21.33M

3.12%

Sole

22.95M

Shared

0.00

None

0.00

PORCH GROUP INC

SOLE

DEBT 9.000% 5/1

Shares17.50M

TypePRN

Market value$19.85M

2.90%

Sole

17.50M

Shared

0.00

None

0.00

EZPW 3.750 12/15/29 CVT

SOLE

Note 3.750% 12/15

Shares9.50M

TypePRN

Market value$17.71M

2.59%

Sole

9.50M

Shared

0.00

None

0.00

SEMTECH CORP

SOLE

NOTE 1.625%11/0

Shares7.70M

TypePRN

Market value$15.67M

2.29%

Sole

7.70M

Shared

0.00

None

0.00

PENGUIN SOLUTIONS INC

SOLE

NOTE 2.000% 8/1

Shares15.13M

TypePRN

Market value$15.49M

2.27%

Sole

15.13M

Shared

0.00

None

0.00

NUTANIX INC

SOLE

NOTE 0.250%10/0

Shares12.50M

TypePRN

Market value$14.08M

2.06%

Sole

12.50M

Shared

0.00

None

0.00

EXACT SCIENCES CORP

SOLE

NOTE 0.375% 3/0

Shares13.50M

TypePRN

Market value$13.86M

2.03%

Sole

13.50M

Shared

0.00

None

0.00

PRCH 6.750 10/01/28 '26 CVT

SOLE

Note 6.750% 10/1

Shares13.21M

TypePRN

Market value$13.22M

1.93%

Sole

13.21M

Shared

0.00

None

0.00

WOLFSPEED INC

SOLE

NOTE 2.500% 6/1

Shares8.46M

TypePRN

Market value$12.62M

1.85%

Sole

8.46M

Shared

0.00

None

0.00

PACIRA BIOSCIENCES INC

SOLE

NOTE 2.125% 5/1

Shares12.28M

TypePRN

Market value$12.41M

1.81%

Sole

12.28M

Shared

0.00

None

0.00

ADVANCED ENERGY INDS

SOLE

NOTE 2.500% 9/1

Shares7.50M

TypePRN

Market value$12.30M

1.80%

Sole

7.50M

Shared

0.00

None

0.00

AKAMAI TECHNOLOGIES INC

SOLE

NOTE 0.375% 9/0

Shares12M

TypePRN

Market value$12.07M

1.77%

Sole

12M

Shared

0.00

None

0.00

ALNY 09/15/28 CVT

SOLE

Note 0 09/15

Shares12.50M

TypePRN

Market value$12.06M

1.76%

Sole

12.50M

Shared

0.00

None

0.00

OMNICELL COM

SOLE

NOTE 1.000%12/0

Shares11M

TypePRN

Market value$11.87M

1.74%

Sole

11M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
SEAGATE HDD CAYMANSOLE	NOTE 3.500% 6/0	15.44M	PRN	$51.87M 7.59%	15.44M
COINBASE GLOBAL INCSOLE	NOTE 0.500% 6/0	32.98M	PRN	$32.92M 4.81%	32.98M
IAC 0.875 06/15/26 CVTSOLE	Note 0.875% 06/15	31.60M	PRN	$30.97M 4.53%	31.60M
BRIDGEBIO PHARMA INCSOLE	NOTE 2.250% 2/0	26.95M	PRN	$30.35M 4.44%	26.95M
TYLER TEX INDPT SCH DISTSOLE	NOTE 0.250% 3/1	28.21M	PRN	$28.58M 4.18%	28.21M
ON SEMICONDUCTOR CORPSOLE	NOTE 5/0	23.57M	PRN	$28.11M 4.11%	23.57M
JBT MAREL CORPORATIONSOLE	NOTE 0.250% 5/1	27.30M	PRN	$28.00M 4.09%	27.30M
VISHAY INTERTECHNOLOGY INCSOLE	NOTE 2.250% 9/1	29.83M	PRN	$26.87M 3.93%	29.83M
COLLEGIUM PHARMACEUTICAL INCSOLE	NOTE 2.875% 2/1	18.30M	PRN	$25.83M 3.78%	18.30M
UBER TECHNOLOGIES INCSOLE	NOTE 0.875%12/0	19M	PRN	$24.69M 3.61%	19M
EVERGY INCSOLE	NOTE 4.500%12/1	20.10M	PRN	$24.45M 3.58%	20.10M
VARONIS SYS INCSOLE	NOTE 1.000% 9/1	22.95M	PRN	$21.33M 3.12%	22.95M
PORCH GROUP INCSOLE	DEBT 9.000% 5/1	17.50M	PRN	$19.85M 2.90%	17.50M
EZPW 3.750 12/15/29 CVTSOLE	Note 3.750% 12/15	9.50M	PRN	$17.71M 2.59%	9.50M
SEMTECH CORPSOLE	NOTE 1.625%11/0	7.70M	PRN	$15.67M 2.29%	7.70M
PENGUIN SOLUTIONS INCSOLE	NOTE 2.000% 8/1	15.13M	PRN	$15.49M 2.27%	15.13M
NUTANIX INCSOLE	NOTE 0.250%10/0	12.50M	PRN	$14.08M 2.06%	12.50M
EXACT SCIENCES CORPSOLE	NOTE 0.375% 3/0	13.50M	PRN	$13.86M 2.03%	13.50M
PRCH 6.750 10/01/28 '26 CVTSOLE	Note 6.750% 10/1	13.21M	PRN	$13.22M 1.93%	13.21M
WOLFSPEED INCSOLE	NOTE 2.500% 6/1	8.46M	PRN	$12.62M 1.85%	8.46M
PACIRA BIOSCIENCES INCSOLE	NOTE 2.125% 5/1	12.28M	PRN	$12.41M 1.81%	12.28M
ADVANCED ENERGY INDSSOLE	NOTE 2.500% 9/1	7.50M	PRN	$12.30M 1.80%	7.50M
AKAMAI TECHNOLOGIES INCSOLE	NOTE 0.375% 9/0	12M	PRN	$12.07M 1.77%	12M
ALNY 09/15/28 CVTSOLE	Note 0 09/15	12.50M	PRN	$12.06M 1.76%	12.50M
OMNICELL COMSOLE	NOTE 1.000%12/0	11M	PRN	$11.87M 1.74%	11M

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