Silverback Asset Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Silverback Asset Management LLC reported 16 stock positions worth $78.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 69.4% of the portfolio, followed by Harmonic (HLIT, 13.1%) and Noble (NE, 3.9%). Compared with Q1 2024, it opened 5 new positions, sold out of 3 and reduced 6. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale Harmonic (HLIT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- DURHAM, NC
- CIK
- 0001278960
- Portfolio Value
- $78.4M (Q2 2024)
- SEC Filing
- 0001398344-24-014664 ↗ filed Aug 14, 2024
Holdings Value
Holdings 16 stocks · $78.4M
| SPY SS SPDR S&P 500 ETF Trust-US | 69.40% | 100,000 | $54.4M | New |
| HLIT Harmonic Inc. | 13.13% | 874,512 | $10.3M | Reduce -0.6% |
| NE Noble Corp. PLC | 3.88% | 66,900 | $3.0M | Reduce -12.6% |
| RDNW Ridenow Group Inc. filed as RUMBLEON INC | 3.11% | 593,994 | $2.4M | Reduce -10.9% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 2.97% | 729,941 | $2.3M | No change |
| VAL Valaris Ltd. | 2.61% | 27,500 | $2.0M | No change |
| AVDL Avadel Pharmaceuticals Ltd. | 1.79% | 100,000 | $1.4M | New |
| MX Magnachip Semiconductor Corp. | 1.37% | 220,000 | $1.1M | No change |
| VERI Veritone Inc. | 0.94% | 324,722 | $734K | Reduce -0.1% |
| AKTSQ Akoustis Technologies Inc. | 0.43% | 2,537,400 | $334K | Reduce -40.1% |
| NOTVQ Inotiv Inc. | 0.15% | 70,700 | $117K | New |
| LAB Standard Biotools Inc. | 0.07% | 31,258 | $55K | Reduce -75.0% |
| AISP Airship AI Holdings Inc. | 0.06% | 12,500 | $45K | No change |
| DANIMER SCIENTIFIC INC | 0.04% | 57,000 | $34K | New |
| VRMMQ Vroom Inc. | 0.04% | 3,123 | $29K | No change |
| ZAPPF Zapp Electric Vehicles Group | 0.02% | 7,961 | $16K | New |
Other holdings (66): bonds, preferreds, convertibles and warrants · $734.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NOVA LTD (NVMI 0 10/15/25) | NOTE 10/1 · principal | 18,404,000 | $57.9M | Reduce -0.5% |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | 30,594,000 | $31.2M | Add +18.2% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 19,267,000 | $26.7M | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 17,500,000 | $25.1M | No change |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 36,468,000 | $23.0M | Reduce -13.1% |
| LUCID GROUP INC (LCID 1.25 12/15/26) | 1.250 12/15/26 CVT · principal | 43,504,000 | $23.0M | Reduce -0.6% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 14,257,000 | $20.1M | Add +16.3% |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 17,831,000 | $19.4M | Reduce -1.1% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 17,900,000 | $18.9M | Reduce -32.5% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 12,500,000 | $18.1M | New |
| PORCH GROUP INC | NOTE/6 750% 10/1 · principal | 28,400,000 | $18.0M | Reduce -3.4% |
| VROOM INC (VRM 0.75 07/01/26) | NOTE 0.750% 7/0 · principal | 32,312,000 | $17.2M | No change |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 13,000,000 | $16.5M | Add +23.8% |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 33,743,000 | $16.4M | Reduce -3.8% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 15,423,000 | $15.5M | New |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | 19,470,000 | $14.8M | Add +61.6% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 24,500,000 | $14.7M | Reduce -18.3% |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 14,626,000 | $13.9M | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 10,000,000 | $13.8M | No change |
| LUMINAR TECHNOLOGIES INC (LAZR 1.25 12/15/26) | NOTE 1.25%12/1 · principal | 34,600,000 | $13.7M | Add +7.8% |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | 15,550,000 | $13.3M | Add +114.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 12,500,000 | $13.1M | New |
| REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27) | NOTE 1.750% 2/1 · principal | 18,000,000 | $11.8M | Add +20.0% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 13,330,000 | $11.7M | Add +3.3% |
| ACCURAY INC (ARAY 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 13,096,000 | $11.2M | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 13,000,000 | $11.0M | Add +8.3% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 11,500,000 | $10.3M | New |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 6,500,000 | $10.1M | Reduce -50.6% |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | 12,691,000 | $10.1M | Add +24.8% |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | NOTE 2.250% 9/1 · principal | 10,200,000 | $10.0M | Reduce -5.6% |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | 7,557,000 | $9.9M | Reduce -71.0% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 15,000,000 | $9.8M | Reduce -9.1% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 6,000,000 | $8.6M | New |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 10,700,000 | $8.5M | Add +7.0% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 7,236,000 | $8.4M | New |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 9,498,000 | $8.4M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 10,000,000 | $8.1M | Add +122.2% |
| SKINHEALTH SYSTEMS INC (SKIN 1.25 10/01/26) | CONV · principal | 9,353,000 | $7.8M | Reduce -3.6% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 7,500,000 | $7.6M | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 33,966,000 | $7.5M | Add +8.0% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 8,233,000 | $7.4M | Reduce -50.8% |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 7,650,000 | $6.6M | Reduce -22.7% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 7,000,000 | $6.5M | Reduce -30.0% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 8,438,000 | $6.5M | Reduce -24.2% |
| STEM Inc | NOTE 4.250 04/01/30 · principal | 15,600,000 | $6.5M | No change |
| COMMERCE.COM INC (CMRC 0.25 10/01/26) | NOTE 0.250%10/0 · principal | 7,367,000 | $6.5M | Add +5.3% |
| 3D SYSTEMS CORP (DDD 0 11/15/26) | NOTE 11/1 · principal | 8,000,000 | $6.4M | No change |
| INOTIV INC (NOTV 3.25 10/15/27) | NOTE 3.250%10/1 · principal | 14,000,000 | $6.4M | No change |
| Danimer Scientific Corp | NOTE 3.250 12/15/26 · principal | 36,870,000 | $5.9M | Add +12.2% |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | 15,944,000 | $5.5M | Add +3.2% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 5,000,000 | $5.0M | New |
| CUTERA INC (CUTR 2.25 06/01/28) | NOTE 2.250% 6/0 · principal | 24,816,000 | $5.0M | No change |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 6,615,000 | $5.0M | New |
| STANDARD BIOTOOLS INC (LAB 5.25 12/01/24) | NOTE 5.250%12/0 · principal | 5,000,000 | $4.9M | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 5,772,000 | $4.8M | No change |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 4,500,000 | $4.3M | New |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | 4,000,000 | $4.1M | New |
| PRCH 3/4 09/15/26 | FIXED INCOME · principal | 7,629,000 | $4.1M | Reduce -11.6% |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 7,225,000 | $3.9M | New |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 3,000,000 | $3.5M | New |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 2,500,000 | $2.3M | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 2,500,000 | $2.2M | No change |
| ACCOLADE INC (ACCD 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 2,213,000 | $1.9M | No change |
| Repay Holdings Corp | NOTE 0% 02/01/26 · principal | 1,885,000 | $1.7M | No change |
| BIORA THERAPEUTICS INC (BIOR 7.25 12/01/25) | NOTE 7.250%12/0 · principal | 2,600,000 | $1.5M | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 1,000,000 | $1.1M | Reduce -83.3% |
Total filed on the 13F, all lines: $812.8M.
Portfolio Sells Q1 2024 → Q2 2024
| HLIT Harmonic Inc. | Reduce -0.6% | 13.13% | −25.23 |
| RDNW Ridenow Group Inc. | Reduce -10.9% | 3.11% | −10.86 |
| NE Noble Corp. PLC | Reduce -12.6% | 3.88% | −8.35 |
| AKTSQ Akoustis Technologies Inc. | Reduce -40.1% | 0.43% | −7.70 |
| VERI Veritone Inc. | Reduce -0.1% | 0.94% | −4.61 |
| LAB Standard Biotools Inc. | Reduce -75.0% | 0.07% | −1.03 |
| ADTH Adtheorent Holdings Co. Inc. | Sold out | 0.00% | −0.28 |
| QDRO Quadro Acquisition One Corp. | Sold out | 0.00% | −0.01 |
| ZAPP ELEC VEHS GROUP LTD | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| SPY SS SPDR S&P 500 ETF Trust-US | New | 69.40% | +69.40 |
| AVDL Avadel Pharmaceuticals Ltd. | New | 1.79% | +1.79 |
| NOTVQ Inotiv Inc. | New | 0.15% | +0.15 |
| DANIMER SCIENTIFIC INC | New | 0.04% | +0.04 |
| ZAPPF Zapp Electric Vehicles Group | New | 0.02% | +0.02 |
Options Activity Q1 2024 → Q2 2024
| AVDL Avadel Pharmaceuticals Ltd. | call | Sold out | 100,000 | $1.7Mbefore exit |
| DANIMER SCIENTIFIC INC | put | Sold out | 57,000 | $62Kbefore 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 2024 → Q2 2024
| NOVA LTD (NVMI 0 10/15/25) | NOTE 10/1 · principal | Reduce -0.5% | 18,404,000 | $57.9M |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | Add +18.2% | 30,594,000 | $31.2M |
| Ivanhoe Mines Ltd | NOTE 2.500 04/15/26 · principal | Sold out | 18,625,000 | $30.5Mbefore exit |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | New | 19,267,000 | $26.7M |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | Reduce -13.1% | 36,468,000 | $23.0M |
| LUCID GROUP INC (LCID 1.25 12/15/26) | 1.250 12/15/26 CVT · principal | Reduce -0.6% | 43,504,000 | $23.0M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +16.3% | 14,257,000 | $20.1M |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Reduce -1.1% | 17,831,000 | $19.4M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Reduce -32.5% | 17,900,000 | $18.9M |
| Viavi Solutions Inc | NOTE 1.625 03/15/26 · principal | Sold out | 18,702,000 | $18.1Mbefore exit |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | New | 12,500,000 | $18.1M |
| PORCH GROUP INC | NOTE/6 750% 10/1 · principal | Reduce -3.4% | 28,400,000 | $18.0M |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | Add +23.8% | 13,000,000 | $16.5M |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | Reduce -3.8% | 33,743,000 | $16.4M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | New | 15,423,000 | $15.5M |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | Add +61.6% | 19,470,000 | $14.8M |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | Reduce -18.3% | 24,500,000 | $14.7M |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | New | 14,626,000 | $13.9M |
| LUMINAR TECHNOLOGIES INC (LAZR 1.25 12/15/26) | NOTE 1.25%12/1 · principal | Add +7.8% | 34,600,000 | $13.7M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 10,000,000 | $13.6Mbefore exit |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | Add +114.5% | 15,550,000 | $13.3M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | New | 12,500,000 | $13.1M |
| REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27) | NOTE 1.750% 2/1 · principal | Add +20.0% | 18,000,000 | $11.8M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +3.3% | 13,330,000 | $11.7M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +8.3% | 13,000,000 | $11.0M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Sold out | 10,769,000 | $10.6Mbefore exit |
| BANDWIDTH INC (BAND 0.25 03/01/26) | NOTE 0.250% 3/0 · principal | Sold out | 11,825,000 | $10.4Mbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 11,500,000 | $10.3M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Reduce -50.6% | 6,500,000 | $10.1M |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | Add +24.8% | 12,691,000 | $10.1M |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | NOTE 2.250% 9/1 · principal | Reduce -5.6% | 10,200,000 | $10.0M |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | Reduce -71.0% | 7,557,000 | $9.9M |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | Reduce -9.1% | 15,000,000 | $9.8M |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | New | 6,000,000 | $8.6M |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | Add +7.0% | 10,700,000 | $8.5M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | New | 7,236,000 | $8.4M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Add +122.2% | 10,000,000 | $8.1M |
| SKINHEALTH SYSTEMS INC (SKIN 1.25 10/01/26) | CONV · principal | Reduce -3.6% | 9,353,000 | $7.8M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | New | 7,500,000 | $7.6M |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | Add +8.0% | 33,966,000 | $7.5M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Reduce -50.8% | 8,233,000 | $7.4M |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | Reduce -22.7% | 7,650,000 | $6.6M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Reduce -30.0% | 7,000,000 | $6.5M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Reduce -24.2% | 8,438,000 | $6.5M |
| COMMERCE.COM INC (CMRC 0.25 10/01/26) | NOTE 0.250%10/0 · principal | Add +5.3% | 7,367,000 | $6.5M |
| Danimer Scientific Corp | NOTE 3.250 12/15/26 · principal | Add +12.2% | 36,870,000 | $5.9M |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | Add +3.2% | 15,944,000 | $5.5M |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | Sold out | 5,832,000 | $5.4Mbefore exit |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | New | 5,000,000 | $5.0M |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | New | 6,615,000 | $5.0M |
Showing the first 50 of 60.
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 |