SILVERBACK ASSET MANAGEMENT LLC
Follow13F filer, CIK 1278960, DURHAM, NC
SILVERBACK ASSET MANAGEMENT LLC reported $667,532,292 across 69 holdings for the quarter ended 2024-12-31, in a 13F-HR/A filed 2025-02-27. Its ten largest share positions make up 34.9% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001398344-25-003673
- Period
- 2024-12-31
- Reported value
- $668M
- Holdings
- 69
- Top 10 weight
- 34.9%
- New
- 16
- Sold out
- 28
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ARAYnew | +69,061 | $137K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| NEexited | -3,280,129 | -$2.97M |
| REALexited | -729,941 | -$2.29M |
| VALexited | -22,500 | -$1.25M |
| VERIreduced | -224,722 | -$737K |
| HLITreduced | -20,379 | -$270K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q4 2024
Share positions as resolved from 13F-HR/A 0001398344-25-003673, largest first. % of portfolio is the value over $664,043,194, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| HLITHARMONIC INC | 691,644 | $9.15M | 1.38% | -20,379 | Timeline | ||
| RDNWRIDENOW GROUP INC | 591,216 | $3.21M | 0.48% | -2,778 | Timeline | ||
| MXMAGNACHIP SEMICONDUCTOR CORP | 220,000 | $884K | 0.13% | 0 | Timeline | ||
| VERIVERITONE INC | 100,000 | $328K | 0.05% | -224,722 | Timeline | ||
| ARAYACCURAY INC DEL | 69,061 | $137K | 0.02% | new | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| AVADEL PHARMACEUTICALSAVADEL PHARMACEUTICALS COM SHS | call | 200,000 | $2.1M | +100,000 |
| ATECALPHATEC HLDGS INC COM NEW | call | 151,100 | $1.39M | new |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3 | principal | 25,603,977 | $27.2M | new |
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1 | principal | 20,392,000 | $27M | new |
| GROUPON INCGROUPON INC NOTE 6.250% 3/1 | principal | 26,084,000 | $25.2M | new |
| SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0 | principal | 13,500,000 | $23.9M | 0 |
| PORCH GROUP INCPORCH GROUP INC NOTE/6 750% 10/1 | principal | 27,775,000 | $23.1M | -2,625,000 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 19,000,000 | $22.9M | +8,870,000 |
| FUBOTV INCFUBOTV INC NOTE 3.250% 2/1 | principal | 28,000,000 | $22.2M | +1,500,000 |
| INFINERA CORPINFINERA CORP BOND | principal | 18,454,000 | $21.6M | +623,000 |
| LCID 1 1/4 12/15/26LCID 1 1/4 12/15/26 FIXED INCOME | principal | 27,314,000 | $21.5M | -6,800,000 |
| Shift4 Payments IncShift4 Payments Inc Convertible bond | principal | 12,749,000 | $17.2M | new |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 18,867,000 | $16.9M | -383,000 |
| WAYFAIR INCWAYFAIR INC Convertible bond | principal | 13,487,000 | $16.8M | -9,013,000 |
| COLLEGIUM PHARMACEUTICAL INCCOLLEGIUM PHARMACEUTICAL INC NOTE 2.875% 2/1 | principal | 15,500,000 | $16.3M | new |
| LIVEPERSON INCLIVEPERSON INC NOTE 12/1 | principal | 34,443,000 | $15.9M | 0 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1 | principal | 11,119,000 | $15.5M | 0 |
| TYLER TEX INDPT SCH DISTTYLER TEX INDPT SCH DIST NOTE 0.250% 3/1 | principal | 12,294,000 | $14.9M | +11,713,000 |
| ACCURAY INC DELACCURAY INC DEL NOTE 3.750% 6/0 | principal | 15,096,000 | $13.9M | 0 |
| 8X8 INC NEW8X8 INC NEW NOTE 4.000% 2/0 | principal | 16,220,000 | $13.8M | -1,750,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 12,500,000 | $13.1M | new |
| INTEGER HLDGS CORPINTEGER HLDGS CORP NOTE 2.125% 2/1 | principal | 8,025,000 | $12.8M | -4,000,000 |
| BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0 | principal | 14,000,000 | $12.6M | 0 |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 14,059,000 | $12.3M | +2,600,000 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 4/0 | principal | 12,500,000 | $12.1M | -4,500,000 |
| WOLFSPEED INCWOLFSPEED INC NOTE 1.875%12/0 | principal | 29,000,000 | $12M | new |
| EVENTBRITE INCEVENTBRITE INC NOTE 0.750% 9/1 | principal | 13,473,000 | $11.8M | 0 |
| CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR cv | principal | 11,548,000 | $10.9M | +2,050,000 |
| Indie Semiconductor IncIndie Semiconductor Inc NOTE 4.500 11/15/27 | principal | 10,960,000 | $10.1M | +800,000 |
| Viavi Solutions IncViavi Solutions Inc Convertible bond | principal | 9,744,000 | $10M | -3,750,000 |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV | principal | 10,676,000 | $9.51M | 0 |
| The Beauty Health Co.The Beauty Health Co. CONV | principal | 11,203,000 | $9.27M | +1,850,000 |
| LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC DEBT 11.500% 1/1 | principal | 20,190,000 | $9.02M | +2,000,000 |
| INFINERA CORPINFINERA CORP BOND | principal | 8,250,000 | $9M | -9,250,000 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 10,000,000 | $8.54M | +3,000,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 7,500,000 | $8.15M | new |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 7,500,000 | $8.01M | new |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 6,000,000 | $7.86M | +1,000,000 |
| NEOGENOMICS INCNEOGENOMICS INC NOTE 0.250% 1/1 | principal | 9,200,000 | $7.74M | 0 |
| BANDWIDTH INCBANDWIDTH INC NOTE 0.500% 4/0 | principal | 9,615,000 | $7.7M | 0 |
| 3D SYS CORP DEL3D SYS CORP DEL NOTE 11/1 | principal | 8,000,000 | $7.12M | 0 |
| VERITONE INCVERITONE INC NOTE 1.750%11/1 | principal | 17,244,000 | $7M | 0 |
| STEM IncSTEM Inc NOTE 4.250 04/01/30 | principal | 24,600,000 | $6.85M | +6,500,000 |
| CABLE ONE INCCABLE ONE INC NOTE 3/1 | principal | 7,330,000 | $6.81M | +1,500,000 |
| INOTIV INCINOTIV INC Convertible Bond | principal | 15,917,000 | $6.05M | +3,250,000 |
| PAGERDUTY INCPAGERDUTY INC NOTE 1.500%10/1 | principal | 6,000,000 | $5.87M | new |
| QIMONDA AGQIMONDA AG NOTE 6.750% 3/2 | principal | 12,400,000 | $5.85M | 0 |
| BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1 | principal | 34,216,000 | $5.22M | +500,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1 | principal | 5,600,000 | $4.71M | -4,638,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 4,500,000 | $4.36M | new |
| SOUTHWEST AIRLS COSOUTHWEST AIRLS CO NOTE 1.250% 5/0 | principal | 3,935,000 | $4.06M | +1,935,000 |
| PRCH 3/4 09/15/26PRCH 3/4 09/15/26 FIXED INCOME | principal | 5,000,000 | $3.96M | -1,000,000 |
| PG&E CORPPG&E CORP CMN | principal | 55,000 | $2.74M | new |
| LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC DEBT 9.000% 1/1 | principal | 5,749,000 | $2.65M | -1,000,000 |
| WOLFSPEED INCWOLFSPEED INC NOTE 0.250% 2/1 | principal | 5,500,000 | $2.55M | new |
| WAYFAIR INCWAYFAIR INC NOTE 1.000% 8/1 | principal | 2,500,000 | $2.32M | 0 |
| CONFLUENT INCCONFLUENT INC NOTE 1/1 | principal | 2,500,000 | $2.24M | 0 |
| CUTERA INCCUTERA INC NOTE 2.250% 6/0 | principal | 24,816,000 | $2.22M | 0 |
| COMMERCE.COM INCCOMMERCE.COM INC NOTE 0.250%10/0 | principal | 2,375,000 | $2.12M | 0 |
| TPI COMPOSITES INCTPI COMPOSITES INC FIXED | principal | 7,525,000 | $2.02M | -700,000 |
| Repay Holdings CorpRepay Holdings Corp NOTE 0% 02/01/26 | principal | 1,885,000 | $1.76M | 0 |
| PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 2.875% 4/1 | principal | 910,000 | $1.57M | -7,090,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 1,500,000 | $1.45M | new |
| Danimer Scientific CorpDanimer Scientific Corp NOTE 3.250 12/15/26 | principal | 28,820,000 | $432K | -8,050,000 |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| NOVA LTDNOVA LTD | 18,404,000 | $51.3M | principal |
| SPYSTATE STR SPDR S&P 500 ETF T | 50,000 | $28.7M | put |
| DISH NETWORK CORPORATIONDISH NETWORK CORPORATION | 23,968,000 | $19.5M | principal |
| MACOM TECH SOLUTIONS HLDGS IMACOM TECH SOLUTIONS HLDGS I | 12,757,000 | $18.1M | principal |
| VROOM INCVROOM INC | 27,312,000 | $14.8M | principal |
| DATADOG INCDATADOG INC | 11,000,000 | $14.3M | principal |
| GROUPON INCGROUPON INC | 13,084,000 | $11.5M | principal |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC | 13,225,000 | $11.4M | principal |
| PPL CAP FDG INCPPL CAP FDG INC | 10,000,000 | $10.6M | principal |
| CHEGG INCCHEGG INC | 12,691,000 | $9.66M | principal |
| NUTANIX INCNUTANIX INC | 6,045,000 | $7.23M | principal |
| STANDARD BIOTOOLS INCSTANDARD BIOTOOLS INC | 7,000,000 | $6.93M | principal |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION | 5,500,000 | $6.01M | principal |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC | 5,000,000 | $5.57M | principal |
| ITRON INCITRON INC | 5,000,000 | $5.24M | principal |
| COHERUS ONCOLOGY INCCOHERUS ONCOLOGY INC | 5,750,000 | $4.52M | principal |
| BURLINGTON STORES INCBURLINGTON STORES INC | 3,000,000 | $3.76M | principal |
| NENOBLE CORP PLC | 3,280,129 | $2.97M | shares |
| REALTHE REALREAL INC | 729,941 | $2.29M | shares |
| BIORA THERAPEUTICS INCBIORA THERAPEUTICS INC | 2,600,000 | $1.5M | principal |
| VALVALARIS LTD | 22,500 | $1.25M | shares |
| AKTSQAkoustis Technologies Inc | 2,537,400 | $227K | shares |
| ESPRESPERION THERAPEUTICS INC NE | 0 | $168K | shares |
| VROOM INCVROOM INC | 3,123 | $29.3K | shares |
| AISPAIRSHIP AI HLDGS INC | 12,500 | $28.8K | shares |
| DANIMER SCIENTIFIC INCDANIMER SCIENTIFIC INC | 57,000 | $25.9K | put |
| ZAPPFZAPP ELEC VEHS GROUP LTD ORD S | 7,961 | $24.5K | shares |
| LABSTANDARD BIOTOOLS INC | 1,300 | $2.51K | shares |
How Q4 2024 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001398344-25-002704 | superseded | 2025-02-13 | acceptance time not in the bulk data set | ||
| 13F-HR/A 0001398344-25-003673 | base | restatement | 2025-02-27 | acceptance time not in the bulk data set |