SILVERBACK ASSET MANAGEMENT LLC

CIK

1278960

Location

DURHAM, NC

Portfolio Value

Small $142,017,476

Diversification

Highly concentrated

Filing Date

Global Rank

#4,614 / 8,232 ▲ 2078

Top Industry

Communication Equipment 25.1%

3Y Alpha vs SPY

-37.1%

Period ended 2 months ago

Filed May 21, 2026 · 24d

24 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

-41.3%

SPY

+76.3%

Annualised alpha

-37.1%

Max drawdown

−55.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

21 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

68.7%

+46.0 pts

Top 5

84.0%

+20.1 pts

Top 10

92.4%

+7.6 pts

HHI

4,799

Highly concentrated+3,648

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	68.7%	$97,551,000	1
Technology	12.5%	$17,738,892	8
Healthcare	8.5%	$12,064,113	7
Financial Services	5.1%	$7,222,866	2
Consumer Cyclical	3.2%	$4,479,100	1
Industrials	1.6%	$2,214,905	1
Energy	0.5%	$746,600	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
KPTI	Karyopharm Therapeutics Inc.	+125,000	165,000	$919,050
ARAY	Accuray Inc	+117,481	1,650,000	$643,500
VRM	Vroom, Inc.	+12,448	437,936	$5,828,928
TEM	Tempus AI, Inc.	+11,000	35,700	$1,614,354
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
INDI	indie Semiconductor, Inc.	−801,300	100,000	$322,000
LCID	Lucid Group, Inc.	−624,700	470,000	$4,479,100
STNG	Scorpio Tankers Inc.	−20,000	10,000	$746,600
HLIT	Harmonic Inc.	−1,434	648,566	$5,824,122
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	150,000	$97,551,000
DFTX	Definium Therapeutics, Inc.	294,400	$5,564,160
VIAV	Viavi Solutions Inc.	100,000	$3,328,000
PAR	Par Technology Corp	150,000	$1,999,500
EYPT	EyePoint, Inc.	150,000	$1,933,500
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
ARRY	Array Technologies, Inc.	295,500	$2,724,510
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 positions · $142,017,476 total · as of Mar 31, 2026

All sectors Consumer Cyclical Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	NEW	150,000	NEW	$97,551,000	NEW	68.69%
VRM	Vroom, Inc. Financial Services	Added	437,936	+12,448	$5,828,928	−31.1%	4.10%
HLIT	Harmonic Inc. Technology	Reduced	648,566	-1,434	$5,824,122	−9.4%	4.10%
DFTX	Definium Therapeutics, Inc. Healthcare	NEW	294,400	NEW	$5,564,160	NEW	3.92%
LCID	Lucid Group, Inc. Consumer Cyclical	Reduced	470,000	-624,700	$4,479,100	−61.3%	3.15%
VIAV	Viavi Solutions Inc. Technology	NEW	100,000	NEW	$3,328,000	NEW	2.34%
CORZ	Core Scientific, Inc./tx Technology	Held	160,900	0	$2,407,064	+2.7%	1.69%
AVAV	AeroVironment Inc Industrials	Held	12,100	0	$2,214,905	−24.3%	1.56%
ASTS	AST SpaceMobile, Inc. Technology	Held	24,200	0	$2,005,454	+14.1%	1.41%
PAR	Par Technology Corp Technology	NEW	150,000	NEW	$1,999,500	NEW	1.41%
EYPT	EyePoint, Inc. Healthcare	NEW	150,000	NEW	$1,933,500	NEW	1.36%
TEM	Tempus AI, Inc. Healthcare	Added	35,700	+11,000	$1,614,354	+10.7%	1.14%
WULF	Terawulf Inc. Financial Services	Held	96,600	0	$1,393,938	+25.6%	0.98%
LPSN	Liveperson Inc Technology	Held	485,001	0	$1,236,752	−34.1%	0.87%
NEO	Neogenomics Inc Healthcare	Held	165,101	0	$1,225,049	−36.9%	0.86%
KPTI	Karyopharm Therapeutics Inc. Healthcare	Added	165,000	+125,000	$919,050	+212.2%	0.65%
STNG	Scorpio Tankers Inc. Energy	Reduced	10,000	-20,000	$746,600	−51.0%	0.53%
ARAY	Accuray Inc Healthcare	Added	1,650,000	+117,481	$643,500	−48.8%	0.45%
MX	MAGNACHIP SEMICONDUCTOR Corp Technology	Held	220,000	0	$616,000	+9.8%	0.43%
INDI	indie Semiconductor, Inc. Technology	Reduced	100,000	-801,300	$322,000	−89.9%	0.23%
GOSS	Gossamer Bio, Inc. Healthcare	Held	500,000	0	$164,500	−89.4%	0.12%