Silverback Asset Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Silverback Asset Management LLC reported 13 stock positions worth $26.8 million. Its top holding was Harmonic (HLIT) at 32.0% of the portfolio, followed by Vroom (VRM, 12.9%) and Core Scientific (CORZ, 12.6%). Compared with Q1 2026, it opened 1 new position, sold out of 2, added to 1 and reduced 6. The biggest buy was a new position in Ocugen (OCGN) and the biggest sale an exit from Neogenomics (NEO).
- Most Recent 13F
- Q2 2026
- Location
- DURHAM, NC
- CIK
- 0001278960
- Portfolio Value
- $26.8M (Q2 2026)
- SEC Filing
- 0001398344-26-014289 ↗ filed Aug 13, 2026
Holdings Value
Holdings 13 stocks · $26.8M
| HLIT Harmonic Inc. | 32.04% | 525,000 | $8.6M | Reduce -19.1% |
| VRM Vroom Inc. | 12.93% | 449,236 | $3.5M | Add +2.6% |
| CORZ Core Scientific Inc. | 12.59% | 131,600 | $3.4M | Reduce -18.2% |
| WULF Terawulf Inc. | 8.92% | 96,600 | $2.4M | No change |
| ASTS Ast Spacemobile Inc. | 8.04% | 24,200 | $2.2M | No change |
| AVAV Aerovironment Inc. | 7.47% | 12,100 | $2.0M | No change |
| TEM Tempus AI Inc. Class A | 6.21% | 28,700 | $1.7M | Reduce -19.6% |
| LPSN Liveperson Inc. | 3.44% | 485,001 | $922K | No change |
| EYPT Eyepoint Inc. | 2.67% | 50,000 | $715K | No change |
| MX Magnachip Semiconductor Corp. | 1.77% | 100,000 | $473K | Reduce -54.5% |
| OCGN Ocugen Inc. | 1.43% | 250,000 | $383K | New |
| ARAY Accuray Inc. | 1.40% | 1,450,000 | $374K | Reduce -12.1% |
| KPTI Karyopharm Therapeutics Inc. | 1.10% | 30,000 | $293K | Reduce -53.9% |
Options reported separately and not counted above: IWM calls ($82.6M), DFTX calls ($13.8M), CYTK calls ($8.5M), XLV calls ($7.9M), XBI calls ($7.9M), NTNX calls ($5.1M), LCID puts ($3.1M), PAR calls ($2.6M), EYPT calls ($1.4M), KPTI calls ($977K).
Other holdings (41): bonds, preferreds, convertibles and warrants · $744.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 17,674,000 | $76.7M | Add +40.2% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 14,700,000 | $43.3M | New |
| AVNET | 1.750 09/01/30 CVT PUT · principal | 25,000,000 | $35.1M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 20,034,000 | $34.2M | New |
| INDIE SEMICONDUCTOR INC | NOTE 3.500% 12/1 · principal | 28,915,000 | $33.5M | Reduce -20.8% |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | NOTE 2.000% 3/1 · principal | 25,000,000 | $31.8M | New |
| CYBERARK SOFTWARE LTD (CYBR 0 06/15/30) | NOTE 6/1 · principal | 18,150,000 | $30.2M | New |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 7,194,000 | $28.4M | Reduce -15.7% |
| CRACKER BARREL OLD COUNT (CBRL 1.75 09/15/30) | NOTE 1.750% 9/1 · principal | 25,879,000 | $26.5M | New |
| PORCH GROUP INC (PRCH 9 05/15/30) | DEBT 9.000% 5/1 · principal | 17,500,000 | $25.3M | Reduce -5.4% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 20,000,000 | $24.0M | Reduce -13.0% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 22,800,000 | $23.0M | Add +28.1% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 19,841,000 | $22.4M | Reduce -9.8% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 19,532,000 | $21.7M | Reduce -11.3% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) | NOTE 0.750% 3/1 · principal | 22,028,000 | $21.0M | Add +54.6% |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 15,298,000 | $18.8M | Add +48.5% |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 10,684,000 | $15.9M | Reduce -47.7% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 12,000,000 | $14.5M | New |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 14,283,000 | $14.5M | No change |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 14,546,000 | $14.0M | Add +16.4% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 15,000,000 | $13.5M | New |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 13,455,000 | $13.1M | Reduce -34.2% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 11,134,000 | $12.4M | No change |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | 5,000,000 | $12.3M | New |
| PORCH GROUP INC | NOTE/6 750% 10/1 · principal | 11,713,000 | $12.2M | Reduce -31.9% |
| ZSCALER INC | NOTE 7/1 · principal | 12,633,000 | $11.7M | New |
| A10 NETWORKS INC (ATEN 2.75 04/01/30) | NOTE 2.750% 4/0 · principal | 6,750,000 | $11.5M | New |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 12,500,000 | $11.2M | Reduce -16.7% |
| GOLAR LNG LTD (GLNG 2.75 12/15/30) | NOTE 2.750%12/1 · principal | 9,700,000 | $11.0M | New |
| WOLFSPEED INC | CONV BOND · principal | 4,230,000 | $10.6M | New |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | 13,518,000 | $10.6M | Reduce -18.8% |
| WOLFSPEED INC | NOTE 2.5% 6/15/31 · principal | 2,610,000 | $10.3M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 4,583,000 | $9.1M | Reduce -84.1% |
| WEC ENERGY GROUP INC (WEC 3.375 06/01/28) | NOTE 3.375% 6/0 · principal | 8,000,000 | $8.3M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 6,499,000 | $7.8M | Add +160.0% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 10,000,000 | $7.4M | No change |
| VIRIDIAN THERAPEUTICS INC | NOTE 1.750% 5/1 · principal | 6,495,000 | $7.0M | New |
| OMNICELL INC (OMCL 1 12/01/29) | NOTE 1.000%12/0 · principal | 5,600,000 | $6.0M | Reduce -41.7% |
| QIMONDA FIN LLC | NOTE 6.750% 3/2 · principal | 12,400,000 | $3.2M | No change |
| INOTIV INC (NOTV 3.25 10/15/27) | NOTE 3.250%10/1 · principal | 17,092,000 | $583K | No change |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D · principal | 430,000 | $193K | Reduce -12.2% |
Total filed on the 13F, all lines: $771.5M.
Portfolio Sells Q1 2026 → Q2 2026
| NEO Neogenomics Inc. | Sold out | 0.00% | −4.58 |
| STNG Scorpio Tankers Inc. | Sold out | 0.00% | −2.79 |
| ARAY Accuray Inc. | Reduce -12.1% | 1.40% | −1.00 |
| MX Magnachip Semiconductor Corp. | Reduce -54.5% | 1.77% | −0.53 |
| KPTI Karyopharm Therapeutics Inc. | Reduce -53.9% | 1.10% | −0.26 |
| TEM Tempus AI Inc. Class A | Reduce -19.6% | 6.21% | +0.18 |
| CORZ Core Scientific Inc. | Reduce -18.2% | 12.59% | +3.59 |
| HLIT Harmonic Inc. | Reduce -19.1% | 32.04% | +10.28 |
Portfolio Buys Q1 2026 → Q2 2026
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 150,000 | $97.6Mbefore exit |
| IWM iShares Russell 2000 ETF | call | Add +175.0% | 275,000 | $82.6M |
| IWM iShares Russell 2000 ETF | put | Sold out | 155,000 | $38.4Mbefore exit |
| CYTK Cytokinetics Inc. | call | New | 100,000 | $8.5M |
| XLV SS Health Care Select Sector | call | New | 50,000 | $7.9M |
| XBI SS SPDR S&P Biotech ETF | call | New | 50,000 | $7.9M |
| KIE SS SPDR S&P Insurance ETF | call | Sold out | 100,000 | $5.5Mbefore exit |
| KIE SS SPDR S&P Insurance ETF | put | Sold out | 100,000 | $5.5Mbefore exit |
| NTNX Nutanix Inc. Class A | call | New | 100,000 | $5.1M |
| VIAV Viavi Solutions Inc. | call | Sold out | 100,000 | $3.3Mbefore exit |
| BKLN Invesco Senior Loan ETF | put | Sold out | 112,100 | $2.3Mbefore exit |
| INDI Indie Semiconductor Inc. Class A | put | Sold out | 100,000 | $322Kbefore exit |
| GOSS Gossamer Bio Inc. | call | Sold out | 500,000 | $164Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Add +40.2% | 17,674,000 | $76.7M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 14,700,000 | $43.3M |
| AVNET | 1.750 09/01/30 CVT PUT · principal | New | 25,000,000 | $35.1M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 20,034,000 | $34.2M |
| INDIE SEMICONDUCTOR INC | NOTE 3.500% 12/1 · principal | Reduce -20.8% | 28,915,000 | $33.5M |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | NOTE 2.000% 3/1 · principal | New | 25,000,000 | $31.8M |
| CYBERARK SOFTWARE LTD (CYBR 0 06/15/30) | NOTE 6/1 · principal | New | 18,150,000 | $30.2M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Sold out | 22,571,000 | $29.1Mbefore exit |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | Reduce -15.7% | 7,194,000 | $28.4M |
| CRACKER BARREL OLD COUNT (CBRL 1.75 09/15/30) | NOTE 1.750% 9/1 · principal | New | 25,879,000 | $26.5M |
| PORCH GROUP INC (PRCH 9 05/15/30) | DEBT 9.000% 5/1 · principal | Reduce -5.4% | 17,500,000 | $25.3M |
| IAC FinanceCo 2, Inc. | Note 0.875% 06/15 · principal | Sold out | 24,603,000 | $24.4Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -13.0% | 20,000,000 | $24.0M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +28.1% | 22,800,000 | $23.0M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -9.8% | 19,841,000 | $22.4M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Reduce -11.3% | 19,532,000 | $21.7M |
| ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) | NOTE 0.750% 3/1 · principal | Add +54.6% | 22,028,000 | $21.0M |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | Add +48.5% | 15,298,000 | $18.8M |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | Reduce -47.7% | 10,684,000 | $15.9M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 12,000,000 | $14.5M |
| Alnylam Pharmaceuticals Inc | Note 0 09/15 · principal | Sold out | 15,161,000 | $14.1Mbefore exit |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | Add +16.4% | 14,546,000 | $14.0M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 15,000,000 | $13.5M |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | Reduce -34.2% | 13,455,000 | $13.1M |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | New | 5,000,000 | $12.3M |
| PORCH GROUP INC | NOTE/6 750% 10/1 · principal | Reduce -31.9% | 11,713,000 | $12.2M |
| ZSCALER INC | NOTE 7/1 · principal | New | 12,633,000 | $11.7M |
| A10 NETWORKS INC (ATEN 2.75 04/01/30) | NOTE 2.750% 4/0 · principal | New | 6,750,000 | $11.5M |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | Reduce -16.7% | 12,500,000 | $11.2M |
| GOLAR LNG LTD (GLNG 2.75 12/15/30) | NOTE 2.750%12/1 · principal | New | 9,700,000 | $11.0M |
| WOLFSPEED INC | CONV BOND · principal | New | 4,230,000 | $10.6M |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | Reduce -18.8% | 13,518,000 | $10.6M |
| WOLFSPEED INC | NOTE 2.5% 6/15/31 · principal | New | 2,610,000 | $10.3M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Reduce -84.1% | 4,583,000 | $9.1M |
| WEC ENERGY GROUP INC (WEC 3.375 06/01/28) | NOTE 3.375% 6/0 · principal | New | 8,000,000 | $8.3M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +160.0% | 6,499,000 | $7.8M |
| VIRIDIAN THERAPEUTICS INC | NOTE 1.750% 5/1 · principal | New | 6,495,000 | $7.0M |
| OMNICELL INC (OMCL 1 12/01/29) | NOTE 1.000%12/0 · principal | Reduce -41.7% | 5,600,000 | $6.0M |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | Sold out | 5,080,000 | $4.6Mbefore exit |
| PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) | NOTE 2.000% 8/1 · principal | Sold out | 3,985,000 | $4.0Mbefore exit |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | Sold out | 1,368,000 | $1.8Mbefore exit |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D · principal | Reduce -12.2% | 430,000 | $193K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 13 | $26.8M | HLIT, VRM, CORZ, WULF, ASTS |
| Q1 2026Amended | 14 | $26.8M | VRM, HLIT, CORZ, AVAV, ASTS |
| Q4 2025 | 15 | $36.2M | VRM, HLIT, AVAV, ARRY, CORZ |
| Q3 2025 | 10 | $35.2M | VRM, WOLF, HLIT, ARAY, STNG |
| Q2 2025 | 10 | $25.0M | VRM, HLIT, ARAY, STNG, AVDL |
| Q1 2025 | 1 | $12.5M | VRM |
| Q4 2024Amended | 5 | $13.7M | HLIT, RDNW, MX, VERI, ARAY |
| Q3 2024 | 12 | $22.2M | HLIT, NE, RDNW, REAL, VAL |
| Q2 2024 | 16 | $78.4M | SPY, HLIT, NE, RDNW, REAL |
| Q1 2024 | 14 | $30.8M | HLIT, RDNW, NE, REAL, AKTSQ |