SILVERBACK ASSET MANAGEMENT LLC

Filed: 5/14/2026ACC: 0001398344-26-009154

📋 What this filing means

SILVERBACK ASSET MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 54 equity positions with a total reported market value of $684.20M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$684.20M

Total AUM (reported)

459.22M

Total Shares

Allocation by class

TR UNIT$97.55M14.3%

RUSSELL 2000 ETF$63.22M9.2%

NOTE 3.500 12815$34.92M5.1%

NOTE 5/0$29.09M4.3%

NOTE 2.250% 9/1$27.75M4.1%

NOTE 0.875%12/0$27.75M4.1%

NOTE 1.625%11/0$26.65M3.9%

Portfolio Concentration

Top 3$195.70M28.6%

4–10$182.94M26.7%

11–25$224.33M32.8%

Rest$81.23M11.9%

Top 3 weight

28.6%

Top 10 weight

55.3%

Voting Authority Distribution

Total shares with voting rights: 459.22M

Sole

Full voting authority

459.22M

% 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)

Sole54

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings54

Rows:

STATE STR SPDR S&P 500 ETF T

SOLE

TR UNIT

Shares150K

TypeSH

Market value$97.55M

14.26%

Sole

150K

Shared

0.00

None

0.00

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares255K

TypeSH

Market value$63.22M

9.24%

Sole

255K

Shared

0.00

None

0.00

INDIE SEMICONDUCTOR INC

SOLE

Note 3.500 12815

Shares36.52M

TypePRN

Market value$34.92M

5.10%

Sole

36.52M

Shared

0.00

None

0.00

ON SEMICONDUCTOR CORP

SOLE

NOTE 5/0

Shares22.57M

TypePRN

Market value$29.09M

4.25%

Sole

22.57M

Shared

0.00

None

0.00

VISHAY INTERTECHNOLOGY INC

SOLE

NOTE 2.250% 9/1

Shares28.83M

TypePRN

Market value$27.75M

4.06%

Sole

28.83M

Shared

0.00

None

0.00

UBER TECHNOLOGIES INC

SOLE

NOTE 0.875%12/0

Shares23M

TypePRN

Market value$27.75M

4.06%

Sole

23M

Shared

0.00

None

0.00

SEMTECH CORP

SOLE

NOTE 1.625%11/0

Shares12.61M

TypePRN

Market value$26.65M

3.90%

Sole

12.61M

Shared

0.00

None

0.00

BRIDGEBIO PHARMA INC

SOLE

NOTE 2.250% 2/0

Shares22.03M

TypePRN

Market value$24.76M

3.62%

Sole

22.03M

Shared

0.00

None

0.00

IAC FinanceCo 2, Inc.

SOLE

Note 0.875% 06/15

Shares24.60M

TypePRN

Market value$24.42M

3.57%

Sole

24.60M

Shared

0.00

None

0.00

NUTANIX INC

SOLE

NOTE 0.250%10/0

Shares22M

TypePRN

Market value$22.51M

3.29%

Sole

22M

Shared

0.00

None

0.00

ORACLE CORP

SOLE

6.5 DEP CUM SR D

Shares490K

TypePRN

Market value$22.05M

3.22%

Sole

490K

Shared

0.00

None

0.00

SYNAPTICS INC

SOLE

NOTE 0.750%12/0

Shares20.42M

TypePRN

Market value$21.14M

3.09%

Sole

20.42M

Shared

0.00

None

0.00

PORCH GROUP INC

SOLE

DEBT 9.000% 5/1

Shares18.50M

TypePRN

Market value$19.63M

2.87%

Sole

18.50M

Shared

0.00

None

0.00

VARONIS SYS INC

SOLE

NOTE 1.000% 9/1

Shares20.45M

TypePRN

Market value$17.87M

2.61%

Sole

20.45M

Shared

0.00

None

0.00

Porch Group Inc

SOLE

Note 6.750% 10/1

Shares17.21M

TypePRN

Market value$17.27M

2.52%

Sole

17.21M

Shared

0.00

None

0.00

DROPBOX INC

SOLE

NOTE 3/0

Shares17.80M

TypePRN

Market value$16.90M

2.47%

Sole

17.80M

Shared

0.00

None

0.00

Alnylam Pharmaceuticals Inc

SOLE

Note 0 09/15

Shares15.16M

TypePRN

Market value$14.14M

2.07%

Sole

15.16M

Shared

0.00

None

0.00

HAEMONETICS CORP MASS

SOLE

NOTE 2.500% 6/0

Shares14.28M

TypePRN

Market value$13.62M

1.99%

Sole

14.28M

Shared

0.00

None

0.00

VERTEX INC

SOLE

NOTE 0.750% 5/0

Shares15M

TypePRN

Market value$13.05M

1.91%

Sole

15M

Shared

0.00

None

0.00

GUIDEWIRE SOFTWARE INC

SOLE

NOTE 1.250%11/0

Shares12.50M

TypePRN

Market value$12.47M

1.82%

Sole

12.50M

Shared

0.00

None

0.00

WOLFSPEED INC

SOLE

NOTE 2.500% 6/1

Shares8.53M

TypePRN

Market value$12.25M

1.79%

Sole

8.53M

Shared

0.00

None

0.00

COLLEGIUM PHARMACEUTICAL INC

SOLE

NOTE 2.875% 2/1

Shares10.30M

TypePRN

Market value$11.95M

1.75%

Sole

10.30M

Shared

0.00

None

0.00

HALOZYME THERAPEUTICS INC

SOLE

NOTE 0.250% 3/0

Shares11.13M

TypePRN

Market value$11.61M

1.70%

Sole

11.13M

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares200K

TypeSH

Market value$11.00M

1.61%

Sole

200K

Shared

0.00

None

0.00

OMNICELL COM

SOLE

NOTE 1.000%12/0

Shares9.60M

TypePRN

Market value$9.37M

1.37%

Sole

9.60M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
STATE STR SPDR S&P 500 ETF TSOLE	TR UNIT	150K	SH	$97.55M 14.26%	150K
ISHARES TRSOLE	RUSSELL 2000 ETF	255K	SH	$63.22M 9.24%	255K
INDIE SEMICONDUCTOR INCSOLE	Note 3.500 12815	36.52M	PRN	$34.92M 5.10%	36.52M
ON SEMICONDUCTOR CORPSOLE	NOTE 5/0	22.57M	PRN	$29.09M 4.25%	22.57M
VISHAY INTERTECHNOLOGY INCSOLE	NOTE 2.250% 9/1	28.83M	PRN	$27.75M 4.06%	28.83M
UBER TECHNOLOGIES INCSOLE	NOTE 0.875%12/0	23M	PRN	$27.75M 4.06%	23M
SEMTECH CORPSOLE	NOTE 1.625%11/0	12.61M	PRN	$26.65M 3.90%	12.61M
BRIDGEBIO PHARMA INCSOLE	NOTE 2.250% 2/0	22.03M	PRN	$24.76M 3.62%	22.03M
IAC FinanceCo 2, Inc.SOLE	Note 0.875% 06/15	24.60M	PRN	$24.42M 3.57%	24.60M
NUTANIX INCSOLE	NOTE 0.250%10/0	22M	PRN	$22.51M 3.29%	22M
ORACLE CORPSOLE	6.5 DEP CUM SR D	490K	PRN	$22.05M 3.22%	490K
SYNAPTICS INCSOLE	NOTE 0.750%12/0	20.42M	PRN	$21.14M 3.09%	20.42M
PORCH GROUP INCSOLE	DEBT 9.000% 5/1	18.50M	PRN	$19.63M 2.87%	18.50M
VARONIS SYS INCSOLE	NOTE 1.000% 9/1	20.45M	PRN	$17.87M 2.61%	20.45M
Porch Group IncSOLE	Note 6.750% 10/1	17.21M	PRN	$17.27M 2.52%	17.21M
DROPBOX INCSOLE	NOTE 3/0	17.80M	PRN	$16.90M 2.47%	17.80M
Alnylam Pharmaceuticals IncSOLE	Note 0 09/15	15.16M	PRN	$14.14M 2.07%	15.16M
HAEMONETICS CORP MASSSOLE	NOTE 2.500% 6/0	14.28M	PRN	$13.62M 1.99%	14.28M
VERTEX INCSOLE	NOTE 0.750% 5/0	15M	PRN	$13.05M 1.91%	15M
GUIDEWIRE SOFTWARE INCSOLE	NOTE 1.250%11/0	12.50M	PRN	$12.47M 1.82%	12.50M
WOLFSPEED INCSOLE	NOTE 2.500% 6/1	8.53M	PRN	$12.25M 1.79%	8.53M
COLLEGIUM PHARMACEUTICAL INCSOLE	NOTE 2.875% 2/1	10.30M	PRN	$11.95M 1.75%	10.30M
HALOZYME THERAPEUTICS INCSOLE	NOTE 0.250% 3/0	11.13M	PRN	$11.61M 1.70%	11.13M
SPDR SERIES TRUSTSOLE	STATE STREET SPD	200K	SH	$11.00M 1.61%	200K
OMNICELL COMSOLE	NOTE 1.000%12/0	9.60M	PRN	$9.37M 1.37%	9.60M

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