SILVERBACK ASSET MANAGEMENT LLC

CIK

1278960

Location

DURHAM, NC

Portfolio Value

Small $142,017,476

Diversification

Highly concentrated

Filing Date

Global Rank

#4,967 / 8,622 ▲ 1963 · as of Mar 2026

Top Industry

Communication Equipment 25.1%

3Y Alpha vs SPY

-41.4%

Period ended 4 months ago

Filed May 21, 2026 · 2mo

24 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of SILVERBACK ASSET MANAGEMENT LLC's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 62% that is ordinary stock — as little as 12% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

-53.6%

SPY

+67.9%

Annualised alpha

-41.4%

Max drawdown

−56.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 62% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

21 tracked 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 tracked positions · $142,017,476 total · filing declares 63 positions · $698,847,142 · 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 PUT	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. CALL Healthcare	NEW	294,400	NEW	$5,564,160	NEW	3.92%
LCID	Lucid Group, Inc. PUT Consumer Cyclical	Reduced	470,000	-624,700	$4,479,100	−61.3%	3.15%
VIAV	Viavi Solutions Inc. CALL 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 CALL Technology	NEW	150,000	NEW	$1,999,500	NEW	1.41%
EYPT	EyePoint, Inc. CALL + SHARES 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. CALL + SHARES 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. PUT Technology	Reduced	100,000	-801,300	$322,000	−89.9%	0.23%
GOSS	Gossamer Bio, Inc. CALL Healthcare	Held	500,000	0	$164,500	−89.4%	0.12%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.