Silverback Asset Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Silverback Asset Management LLC reported 12 stock positions worth $22.2 million. Its top holding was Harmonic (HLIT) at 46.6% of the portfolio, followed by Noble (NE, 13.4%) and Ridenow (RDNW, 12.8%). Compared with Q2 2024, it sold out of 4, added to 1 and reduced 3. The biggest buy was Noble (NE, shares +4803%) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q2 2026
- Location
- DURHAM, NC
- CIK
- 0001278960
- Portfolio Value
- $22.2M (Q3 2024)
- SEC Filing
- 0001398344-24-020823 ↗ filed Nov 14, 2024
Holdings Value
Holdings 12 stocks · $22.2M
| HLIT Harmonic Inc. | 46.64% | 712,023 | $10.4M | Reduce -18.6% |
| NE Noble Corp. PLC | 13.36% | 3,280,129 | $3.0M | Add +4803.0% |
| RDNW Ridenow Group Inc. filed as RUMBLEON INC | 12.79% | 593,994 | $2.8M | No change |
| REAL The Realreal Inc. filed as THE REALREAL INC | 10.30% | 729,941 | $2.3M | No change |
| VAL Valaris Ltd. | 5.64% | 22,500 | $1.3M | Reduce -18.2% |
| VERI Veritone Inc. | 5.24% | 324,722 | $1.2M | No change |
| MX Magnachip Semiconductor Corp. | 4.62% | 220,000 | $1.0M | No change |
| AKTSQ Akoustis Technologies Inc. | 1.02% | 2,537,400 | $227K | No change |
| VRMMQ Vroom Inc. | 0.13% | 3,123 | $29K | No change |
| AISP Airship AI Holdings Inc. | 0.13% | 12,500 | $29K | No change |
| ZAPPF Zapp Electric Vehicles Group | 0.11% | 7,961 | $25K | No change |
| LAB Standard Biotools Inc. | 0.01% | 1,300 | $3K | Reduce -95.8% |
Options reported separately and not counted above: SPY puts ($28.7M), AVDL calls ($1.3M), DANIMER SCIENTIFIC INC puts ($26K).
Other holdings (65): bonds, preferreds, convertibles and warrants · $691.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NOVA LTD (NVMI 0 10/15/25) | NOTE 10/1 · principal | 18,404,000 | $51.3M | No change |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 22,500,000 | $33.1M | Add +16.8% |
| LUCID GROUP INC (LCID 1.25 12/15/26) | 1.250 12/15/26 CVT · principal | 34,114,000 | $23.0M | Reduce -21.6% |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 17,831,000 | $20.2M | No change |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 26,500,000 | $20.2M | Add +8.2% |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 23,968,000 | $19.5M | Reduce -34.3% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 13,500,000 | $19.1M | Reduce -24.6% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 12,025,000 | $19.0M | Add +100.4% |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | 17,500,000 | $18.7M | Reduce -42.8% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 12,757,000 | $18.1M | Reduce -10.5% |
| PORCH GROUP INC | NOTE/6 750% 10/1 · principal | 30,400,000 | $17.8M | Add +7.0% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 19,250,000 | $17.7M | New |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 17,000,000 | $17.0M | New |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 34,443,000 | $15.5M | Add +2.1% |
| VROOM INC (VRM 0.75 07/01/26) | NOTE 0.750% 7/0 · principal | 27,312,000 | $14.8M | Reduce -15.5% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 10,130,000 | $14.6M | New |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 11,000,000 | $14.3M | Reduce -12.0% |
| ACCURAY INC (ARAY 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 15,096,000 | $13.9M | Add +15.3% |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 13,494,000 | $13.5M | Reduce -7.7% |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | 17,970,000 | $13.2M | Reduce -7.7% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 14,000,000 | $12.9M | Add +21.7% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 11,119,000 | $12.9M | New |
| LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30) | DEBT 11.500% 1/1 · principal | 18,190,000 | $12.1M | New |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 13,473,000 | $11.7M | Add +76.1% |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | 13,084,000 | $11.5M | Reduce -15.9% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 13,225,000 | $11.4M | Reduce -11.8% |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 8,000,000 | $10.8M | Reduce -38.5% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 10,000,000 | $10.6M | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 11,459,000 | $9.9M | Add +98.5% |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | 12,691,000 | $9.7M | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 10,676,000 | $9.5M | Reduce -17.9% |
| Indie Semiconductor Inc | NOTE 4.500 11/15/27 · principal | 10,160,000 | $9.0M | New |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 9,498,000 | $8.7M | No change |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 10,238,000 | $8.2M | Add +21.3% |
| SKINHEALTH SYSTEMS INC (SKIN 1.25 10/01/26) | CONV · principal | 9,353,000 | $7.8M | No change |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 9,200,000 | $7.6M | Reduce -14.0% |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 9,615,000 | $7.5M | Add +45.4% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 5,000,000 | $7.3M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 6,045,000 | $7.2M | Reduce -16.5% |
| STANDARD BIOTOOLS INC (LAB 5.25 12/01/24) | NOTE 5.250%12/0 · principal | 7,000,000 | $6.9M | Add +40.0% |
| 3D SYSTEMS CORP (DDD 0 11/15/26) | NOTE 11/1 · principal | 8,000,000 | $6.7M | No change |
| QIMONDA FIN LLC | NOTE 6.750% 3/2 · principal | 12,400,000 | $6.3M | New |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | 5,500,000 | $6.0M | Add +37.5% |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | 17,244,000 | $6.0M | Add +8.2% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 7,000,000 | $5.9M | Reduce -30.0% |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 33,716,000 | $5.7M | Reduce -0.7% |
| LUMINAR TECHNOLOGIES INC (LAZR 9 01/15/30) | DEBT 9.000% 1/1 · principal | 6,749,000 | $5.7M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 5,000,000 | $5.6M | Reduce -60.0% |
| STEM Inc | NOTE 4.250 04/01/30 · principal | 18,100,000 | $5.4M | Add +16.0% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 5,830,000 | $5.4M | Reduce -56.3% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 5,000,000 | $5.2M | Reduce -33.3% |
| COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26) | NOTE 1.500% 4/1 · principal | 5,750,000 | $4.5M | New |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 8,225,000 | $4.5M | Add +13.8% |
| Danimer Scientific Corp | NOTE 3.250 12/15/26 · principal | 36,870,000 | $4.2M | No change |
| CUTERA INC (CUTR 2.25 06/01/28) | NOTE 2.250% 6/0 · principal | 24,816,000 | $3.9M | No change |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 3,000,000 | $3.8M | No change |
| INOTIV INC (NOTV 3.25 10/15/27) | NOTE 3.250%10/1 · principal | 12,667,000 | $3.2M | Reduce -9.5% |
| PRCH 3/4 09/15/26 | FIXED INCOME · principal | 6,000,000 | $2.9M | Reduce -21.4% |
| 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 |
| COMMERCE.COM INC (CMRC 0.25 10/01/26) | NOTE 0.250%10/0 · principal | 2,375,000 | $2.1M | Reduce -67.8% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 2,000,000 | $2.0M | Reduce -60.0% |
| 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 |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 581,000 | $716K | New |
Lines left out (1) · $168K — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| ESPR Esperion Therapeutics Inc. | COM | 0 | $168K |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $713.6M.
Portfolio Sells Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −69.40 |
| AVDL Avadel Pharmaceuticals Ltd. | Sold out | 0.00% | −1.79 |
| NOTVQ Inotiv Inc. | Sold out | 0.00% | −0.15 |
| LAB Standard Biotools Inc. | Reduce -95.8% | 0.01% | −0.06 |
| DANIMER SCIENTIFIC INC | Sold out | 0.00% | −0.04 |
| VAL Valaris Ltd. | Reduce -18.2% | 5.64% | +3.03 |
| HLIT Harmonic Inc. | Reduce -18.6% | 46.64% | +33.51 |
Portfolio Buys Q2 2024 → Q3 2024
| NE Noble Corp. PLC | Add +4803.0% | 13.36% | +9.48 |
Options Activity Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 50,000 | $28.7M |
| AVDL Avadel Pharmaceuticals Ltd. | call | New | 100,000 | $1.3M |
| DANIMER SCIENTIFIC INC | put | New | 57,000 | $26K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Add +16.8% | 22,500,000 | $33.1M |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | Sold out | 17,500,000 | $25.1Mbefore exit |
| LUCID GROUP INC (LCID 1.25 12/15/26) | 1.250 12/15/26 CVT · principal | Reduce -21.6% | 34,114,000 | $23.0M |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | Add +8.2% | 26,500,000 | $20.2M |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | Reduce -34.3% | 23,968,000 | $19.5M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Reduce -24.6% | 13,500,000 | $19.1M |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | Add +100.4% | 12,025,000 | $19.0M |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | Reduce -42.8% | 17,500,000 | $18.7M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -10.5% | 12,757,000 | $18.1M |
| PORCH GROUP INC | NOTE/6 750% 10/1 · principal | Add +7.0% | 30,400,000 | $17.8M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | New | 19,250,000 | $17.7M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | New | 17,000,000 | $17.0M |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | Add +2.1% | 34,443,000 | $15.5M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Sold out | 15,423,000 | $15.5Mbefore exit |
| VROOM INC (VRM 0.75 07/01/26) | NOTE 0.750% 7/0 · principal | Reduce -15.5% | 27,312,000 | $14.8M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | New | 10,130,000 | $14.6M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Reduce -12.0% | 11,000,000 | $14.3M |
| ACCURAY INC (ARAY 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +15.3% | 15,096,000 | $13.9M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Sold out | 10,000,000 | $13.8Mbefore exit |
| LUMINAR TECHNOLOGIES INC (LAZR 1.25 12/15/26) | NOTE 1.25%12/1 · principal | Sold out | 34,600,000 | $13.7Mbefore exit |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | Reduce -7.7% | 13,494,000 | $13.5M |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | Reduce -7.7% | 17,970,000 | $13.2M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Add +21.7% | 14,000,000 | $12.9M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | New | 11,119,000 | $12.9M |
| LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30) | DEBT 11.500% 1/1 · principal | New | 18,190,000 | $12.1M |
| REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27) | NOTE 1.750% 2/1 · principal | Sold out | 18,000,000 | $11.8Mbefore exit |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | Add +76.1% | 13,473,000 | $11.7M |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | Reduce -15.9% | 13,084,000 | $11.5M |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | Reduce -11.8% | 13,225,000 | $11.4M |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | Reduce -38.5% | 8,000,000 | $10.8M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | New | 10,000,000 | $10.6M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Sold out | 6,500,000 | $10.1Mbefore exit |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | NOTE 2.250% 9/1 · principal | Sold out | 10,200,000 | $10.0Mbefore exit |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | Sold out | 7,557,000 | $9.9Mbefore exit |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Add +98.5% | 11,459,000 | $9.9M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -17.9% | 10,676,000 | $9.5M |
| Indie Semiconductor Inc | NOTE 4.500 11/15/27 · principal | New | 10,160,000 | $9.0M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Add +21.3% | 10,238,000 | $8.2M |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | Reduce -14.0% | 9,200,000 | $7.6M |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | Add +45.4% | 9,615,000 | $7.5M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Sold out | 8,233,000 | $7.4Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | New | 5,000,000 | $7.3M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -16.5% | 6,045,000 | $7.2M |
| STANDARD BIOTOOLS INC (LAB 5.25 12/01/24) | NOTE 5.250%12/0 · principal | Add +40.0% | 7,000,000 | $6.9M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 7,000,000 | $6.5Mbefore exit |
| QIMONDA FIN LLC | NOTE 6.750% 3/2 · principal | New | 12,400,000 | $6.3M |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | Add +37.5% | 5,500,000 | $6.0M |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | Add +8.2% | 17,244,000 | $6.0M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Reduce -30.0% | 7,000,000 | $5.9M |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | Reduce -0.7% | 33,716,000 | $5.7M |
Showing the first 50 of 66.
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 |