WARBERG ASSET MANAGEMENT LLC

Filed: 2/13/2026ACC: 0001597506-26-000001

📋 What this filing means

WARBERG ASSET MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 181 equity positions with a total reported market value of $831.20M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

181

Positions

$831.20M

Total AUM (reported)

177.16M

Total Shares

Allocation by class

PUT$489.99M58.9%

NOTE 0.500%12/1$39.19M4.7%

NOTE 0.250% 3/1$27.21M3.3%

NOTE 3.000%11/1$26.29M3.2%

NOTE 2.250% 5/0$22.82M2.7%

NOTE 3.500% 6/0$21.08M2.5%

NOTE 1.625% 2/1$19.91M2.4%

Portfolio Concentration

Top 3$489.73M58.9%

4–10$144.21M17.3%

11–25$104.22M12.5%

Rest$93.04M11.2%

Top 3 weight

58.9%

Top 10 weight

76.3%

Voting Authority Distribution

Total shares with voting rights: 177.16M

Sole

Full voting authority

11.19M

% of voting shares6.3%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

165.97M

% of voting shares93.7%

Investment Discretion (by position count)

Sole181

Shared0

Other0

Dominant voting typeNone · 93.7% of voting shares

Institutional Holdings181

Rows:

SPDR S&P 500 ETF TR

SOLE

PUT

Shares633K

TypeSH

Market value$431.66M

51.93%

Sole

633K

Shared

0.00

None

0.00

AXON ENTERPRISE INC

SOLE

NOTE 0.500%12/1

Shares12.06M

TypePRN

Market value$30.43M

3.66%

Sole

0.00

Shared

0.00

None

12.06M

INVESCO QQQ TR

SOLE

PUT

Shares45K

TypeSH

Market value$27.64M

3.33%

Sole

45K

Shared

0.00

None

0.00

WESTERN DIGITAL CORP

SOLE

NOTE 3.000%11/1

Shares5.73M

TypePRN

Market value$26.29M

3.16%

Sole

0.00

Shared

0.00

None

5.73M

MACOM TECH SOLUTIONS HLDGS I

SOLE

NOTE 0.250% 3/1

Shares11.65M

TypePRN

Market value$24.18M

2.91%

Sole

0.00

Shared

0.00

None

11.65M

CNX RES CORP

SOLE

NOTE 2.250% 5/0

Shares7.98M

TypePRN

Market value$22.82M

2.75%

Sole

0.00

Shared

0.00

None

7.98M

SEAGATE HDD CAYMAN

SOLE

NOTE 3.500% 6/0

Shares6.28M

TypePRN

Market value$21.08M

2.54%

Sole

0.00

Shared

0.00

None

6.28M

MICROCHIP TECHNOLOGY INC.

SOLE

NOTE 1.625% 2/1

Shares11.11M

TypePRN

Market value$19.91M

2.40%

Sole

0.00

Shared

0.00

None

11.11M

LIVE NATION ENTERTAINMENT IN

SOLE

NOTE 3.125% 1/1

Shares10.62M

TypePRN

Market value$15.44M

1.86%

Sole

0.00

Shared

0.00

None

10.62M

VENTAS RLTY LTD PARTNERSHIP

SOLE

NOTE 3.750% 6/0

Shares10.24M

TypePRN

Market value$14.49M

1.74%

Sole

0.00

Shared

0.00

None

10.24M

BOX INC

SOLE

NOTE 1/1

Shares11.30M

TypePRN

Market value$13.24M

1.59%

Sole

0.00

Shared

0.00

None

11.30M

HALOZYME THERAPEUTICS INC

SOLE

NOTE 1.000% 8/1

Shares8M

TypePRN

Market value$10.63M

1.28%

Sole

0.00

Shared

0.00

None

POST HLDGS INC

SOLE

NOTE 2.500% 8/1

Shares8.89M

TypePRN

Market value$9.59M

1.15%

Sole

0.00

Shared

0.00

None

8.89M

LUMENTUM HLDGS INC

SOLE

NOTE 0.500%12/1

Shares2.36M

TypePRN

Market value$8.76M

1.05%

Sole

0.00

Shared

0.00

None

2.36M

ALNYLAM PHARMACEUTICALS INC

SOLE

NOTE 1.000% 9/1

Shares5M

TypePRN

Market value$7.38M

0.89%

Sole

0.00

Shared

0.00

None

SPOTIFY USA INC

SOLE

NOTE 3/1

Shares6.15M

TypePRN

Market value$7.00M

0.84%

Sole

0.00

Shared

0.00

None

6.15M

PROGRESS SOFTWARE CORP

SOLE

NOTE 1.000% 4/1

Shares6.61M

TypePRN

Market value$6.56M

0.79%

Sole

0.00

Shared

0.00

None

6.61M

SNOWFLAKE INC

SOLE

NOTE 10/0

Shares4.14M

TypePRN

Market value$6.15M

0.74%

Sole

0.00

Shared

0.00

None

4.14M

WORKIVA INC

SOLE

NOTE 1.125% 8/1

Shares5M

TypePRN

Market value$5.83M

0.70%

Sole

0.00

Shared

0.00

None

WISDOMTREE INC

SOLE

NOTE 3.250% 6/1

Shares5.02M

TypePRN

Market value$5.81M

0.70%

Sole

0.00

Shared

0.00

None

5.02M

IONIS PHARMACEUTICALS INC

SOLE

NOTE 4/0

Shares4M

TypePRN

Market value$5.49M

0.66%

Sole

0.00

Shared

0.00

None

PALANTIR TECHNOLOGIES INC

SOLE

PUT

Shares29K

TypeSH

Market value$5.15M

0.62%

Sole

29K

Shared

0.00

None

0.00

FORD MTR CO

SOLE

NOTE 3/1

Shares4.33M

TypePRN

Market value$4.49M

0.54%

Sole

0.00

Shared

0.00

None

4.33M

ISHARES TR

SOLE

PUT

Shares50K

TypeSH

Market value$4.36M

0.52%

Sole

50K

Shared

0.00

None

0.00

CARVANA CO

SOLE

PUT

Shares9K

TypeSH

Market value$3.80M

0.46%

Sole

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR S&P 500 ETF TRSOLE	PUT	633K	SH	$431.66M 51.93%	633K	0.00
AXON ENTERPRISE INCSOLE	NOTE 0.500%12/1	12.06M	PRN	$30.43M 3.66%	0.00	12.06M
INVESCO QQQ TRSOLE	PUT	45K	SH	$27.64M 3.33%	45K	0.00
WESTERN DIGITAL CORPSOLE	NOTE 3.000%11/1	5.73M	PRN	$26.29M 3.16%	0.00	5.73M
MACOM TECH SOLUTIONS HLDGS ISOLE	NOTE 0.250% 3/1	11.65M	PRN	$24.18M 2.91%	0.00	11.65M
CNX RES CORPSOLE	NOTE 2.250% 5/0	7.98M	PRN	$22.82M 2.75%	0.00	7.98M
SEAGATE HDD CAYMANSOLE	NOTE 3.500% 6/0	6.28M	PRN	$21.08M 2.54%	0.00	6.28M
MICROCHIP TECHNOLOGY INC.SOLE	NOTE 1.625% 2/1	11.11M	PRN	$19.91M 2.40%	0.00	11.11M
LIVE NATION ENTERTAINMENT INSOLE	NOTE 3.125% 1/1	10.62M	PRN	$15.44M 1.86%	0.00	10.62M
VENTAS RLTY LTD PARTNERSHIPSOLE	NOTE 3.750% 6/0	10.24M	PRN	$14.49M 1.74%	0.00	10.24M
BOX INCSOLE	NOTE 1/1	11.30M	PRN	$13.24M 1.59%	0.00	11.30M
HALOZYME THERAPEUTICS INCSOLE	NOTE 1.000% 8/1	8M	PRN	$10.63M 1.28%	0.00	8M
POST HLDGS INCSOLE	NOTE 2.500% 8/1	8.89M	PRN	$9.59M 1.15%	0.00	8.89M
LUMENTUM HLDGS INCSOLE	NOTE 0.500%12/1	2.36M	PRN	$8.76M 1.05%	0.00	2.36M
ALNYLAM PHARMACEUTICALS INCSOLE	NOTE 1.000% 9/1	5M	PRN	$7.38M 0.89%	0.00	5M
SPOTIFY USA INCSOLE	NOTE 3/1	6.15M	PRN	$7.00M 0.84%	0.00	6.15M
PROGRESS SOFTWARE CORPSOLE	NOTE 1.000% 4/1	6.61M	PRN	$6.56M 0.79%	0.00	6.61M
SNOWFLAKE INCSOLE	NOTE 10/0	4.14M	PRN	$6.15M 0.74%	0.00	4.14M
WORKIVA INCSOLE	NOTE 1.125% 8/1	5M	PRN	$5.83M 0.70%	0.00	5M
WISDOMTREE INCSOLE	NOTE 3.250% 6/1	5.02M	PRN	$5.81M 0.70%	0.00	5.02M
IONIS PHARMACEUTICALS INCSOLE	NOTE 4/0	4M	PRN	$5.49M 0.66%	0.00	4M
PALANTIR TECHNOLOGIES INCSOLE	PUT	29K	SH	$5.15M 0.62%	29K	0.00
FORD MTR COSOLE	NOTE 3/1	4.33M	PRN	$4.49M 0.54%	0.00	4.33M
ISHARES TRSOLE	PUT	50K	SH	$4.36M 0.52%	50K	0.00
CARVANA COSOLE	PUT	9K	SH	$3.80M 0.46%	9K	0.00

Page 1 of 8

…