AI Portfolio Summary
In 2025 Q4, SILVERBACK ASSET MANAGEMENT LLC maintained a portfolio of 79 distinct positions. The most significant new addition to the portfolio was VARONIS SYS INC, which now represents 3.12% of the total fund value. The fund also reduced its exposure to ECHOSTAR CORP by 79.0%.
Total Positions
79
Quarter
2025 Q4
Top Holding
N/A (7.6%)
Top 10 Concentration
45.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 79
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
N/A
SEAGATE HDD CAY...
|
—
|
Bond/Debt | 7.59% | 4.26% |
#1
2
Prev: #3
|
6.0 | no change | no change |
P
S
|
15,438,000 | $51,871,680,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
COINBASE GLOBAL...
|
—
|
Bond/Debt | 4.81% | 2.53% |
#2
9
Prev: #11
|
5.9 | 9,250,000 | 39.0% |
P
S
|
32,977,000 | $32,915,168,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
IAC 0.875 06/15...
|
—
|
Bond/Debt | 4.53% | 2.72% |
#3
5
Prev: #8
|
4.8 | 2,411,000 | 8.3% |
P
S
|
31,603,000 | $30,970,940,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
BRIDGEBIO PHARM...
|
—
|
Bond/Debt | 4.44% | 0.90% |
#4
33
Prev: #37
|
5.3 | 17,500,000 | 185.2% |
P
S
|
26,950,000 | $30,352,438,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
TYLER TEX INDPT...
|
—
|
Bond/Debt | 4.18% | 3.07% |
#5
1
Prev: #6
|
2.7 | -941,000 | -3.2% |
P
S
|
28,206,000 | $28,576,204,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
ON SEMICONDUCTO...
|
—
|
Bond/Debt | 4.11% | 1.81% |
#6
15
Prev: #21
|
4.1 | 7,000,000 | 42.2% |
P
S
|
23,571,000 | $28,108,418,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
JBT MAREL CORPO...
|
—
|
Bond/Debt | 4.09% | 2.64% |
#7
2
Prev: #9
|
2.6 | no change | no change |
P
S
|
27,300,000 | $27,999,563,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
VISHAY INTERTEC...
|
—
|
Bond/Debt | 3.93% | 1.98% |
#8
9
Prev: #17
|
4.1 | 7,113,000 | 31.3% |
P
S
|
29,833,000 | $26,868,346,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
COLLEGIUM PHARM...
|
—
|
Bond/Debt | 3.78% | 1.68% |
#9
14
Prev: #23
|
4.0 | 3,500,000 | 23.6% |
P
S
|
18,300,000 | $25,825,875,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
UBER TECHNOLOGI...
|
—
|
Bond/Debt | 3.61% | 2.33% |
#10
4
Prev: #14
|
3.4 | 2,500,000 | 15.2% |
P
S
|
19,000,000 | $24,688,125,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
EVERGY INC
|
—
|
Bond/Debt | 3.58% | 2.42% |
#11
2
Prev: #13
|
2.4 | no change | no change |
P
S
|
20,096,000 | $24,454,320,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
VARONIS SYS INC
|
—
|
Bond/Debt | 3.12% | — |
#12
Prev: #—
|
4.7 | 22,955,000 | no change |
NEW
|
22,955,000 | $21,333,803,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PORCH GROUP INC
|
—
|
Bond/Debt | 2.90% | 2.80% |
#13
6
Prev: #7
|
1.7 | -2,000,000 | -10.3% |
P
S
|
17,500,000 | $19,851,563,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
EZPW 3.750 12/1...
|
—
|
Bond/Debt | 2.59% | — |
#14
Prev: #—
|
4.5 | 9,500,000 | no change |
NEW
|
9,500,000 | $17,711,563,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
SEMTECH CORP
|
—
|
Bond/Debt | 2.29% | 1.52% |
#15
10
Prev: #25
|
1.4 | -300,000 | -3.8% |
P
S
|
7,700,000 | $15,669,500,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PENGUIN SOLUTIO...
|
—
|
Bond/Debt | 2.27% | 1.79% |
#16
6
Prev: #22
|
1.4 | -500,000 | -3.2% |
P
S
|
15,135,000 | $15,494,456,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
NUTANIX INC
|
—
|
Bond/Debt | 2.06% | 1.98% |
#17
1
Prev: #18
|
1.3 | -2,500,000 | -16.7% |
P
S
|
12,500,000 | $14,078,125,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
EXACT SCIENCES ...
|
—
|
Bond/Debt | 2.03% | — |
#18
Prev: #—
|
4.3 | 13,500,000 | no change |
NEW
|
13,500,000 | $13,862,813,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PRCH 6.750 10/0...
|
—
|
Bond/Debt | 1.93% | 1.24% |
#19
10
Prev: #29
|
2.8 | 690,000 | 5.5% |
P
S
|
13,213,000 | $13,221,258,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
WOLFSPEED INC
|
—
|
Bond/Debt | 1.85% | — |
#20
Prev: #—
|
4.2 | 8,465,000 | no change |
NEW
|
8,465,000 | $12,618,141,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PACIRA BIOSCIEN...
|
—
|
Bond/Debt | 1.81% | 1.12% |
#21
9
Prev: #30
|
2.7 | 750,000 | 6.5% |
P
S
|
12,275,000 | $12,405,422,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
ADVANCED ENERGY...
|
—
|
Bond/Debt | 1.80% | — |
#22
Prev: #—
|
4.2 | 7,500,000 | no change |
NEW
|
7,500,000 | $12,304,688,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
AKAMAI TECHNOLO...
|
—
|
Bond/Debt | 1.77% | — |
#23
Prev: #—
|
4.2 | 12,000,000 | no change |
NEW
|
12,000,000 | $12,075,000,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
ALNY 09/15/28 C...
|
—
|
Bond/Debt | 1.76% | — |
#24
Prev: #—
|
4.2 | 12,500,000 | no change |
NEW
|
12,500,000 | $12,062,500,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
OMNICELL COM
|
—
|
Bond/Debt | 1.74% | — |
#25
Prev: #—
|
4.2 | 11,000,000 | no change |
NEW
|
11,000,000 | $11,873,125,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PELOTON INTERAC...
|
—
|
Bond/Debt | 1.73% | 1.52% |
#26
2
Prev: #24
|
1.7 | no change | no change |
P
S
|
7,120,000 | $11,837,000,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
LCID
PUT
LUCID GROUP INC
|
PUT Option | 1.69% | 2.49% |
#27
15
Prev: #12
|
1.7 | no change | no change |
P
S
|
1,094,700 | $11,570,979,000 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
HALOZYME THERAP...
|
—
|
Bond/Debt | 1.55% | — |
#28
Prev: #—
|
4.1 | 9,819,000 | no change |
NEW
|
9,819,000 | $10,629,068,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
EVOLENT HEALTH ...
|
—
|
Bond/Debt | 1.52% | 0.96% |
#29
6
Prev: #35
|
3.1 | 3,000,000 | 24.0% |
P
S
|
15,500,000 | $10,414,063,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
FIVE9 INC
|
—
|
Bond/Debt | 1.52% | 1.42% |
#30
4
Prev: #26
|
0.6 | -5,250,000 | -31.3% |
P
S
|
11,530,000 | $10,384,206,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
BANDWIDTH INC
|
—
|
Bond/Debt | 1.35% | 1.01% |
#31
2
Prev: #33
|
1.0 | -2,000,000 | -16.0% |
P
S
|
10,500,000 | $9,213,750,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
VRM
VROOM INC
|
Financial Services | 1.24% | 1.07% |
#32
Prev: #32
|
1.0 | 10,539 | 2.5% |
P
S
|
425,488 | $8,467,886,000 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
AMPHASTAR PHARM...
|
—
|
Bond/Debt | 1.23% | 0.87% |
#33
5
Prev: #38
|
1.0 | -928,000 | -9.3% |
P
S
|
9,080,000 | $8,410,350,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
HLIT
HARMONIC INC
|
Technology | 0.94% | 0.66% |
#34
10
Prev: #44
|
0.9 | -24,600 | -3.6% |
P
S
|
650,000 | $6,428,500,000 | 2020 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
8X8 INC NEW
|
—
|
Bond/Debt | 0.91% | 0.81% |
#35
5
Prev: #40
|
0.4 | -2,750,000 | -28.3% |
P
S
|
6,970,000 | $6,207,656,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
EVOLENT HEALTH ...
|
—
|
Bond/Debt | 0.84% | 0.97% |
#36
2
Prev: #34
|
0.8 | -2,000,000 | -19.7% |
P
S
|
8,149,000 | $5,765,418,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
ECHOSTAR CORP
|
—
|
Bond/Debt | 0.83% | 1.90% |
#37
18
Prev: #19
|
0.3 | -6,352,999 | -79.0% |
P
S
|
1,685,497 | $5,650,630,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
INOTIV INC
|
—
|
Bond/Debt | 0.60% | 0.39% |
#38
12
Prev: #50
|
1.2 | no change | no change |
P
S
|
17,092,000 | $4,102,080,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
FLUOR CORP
|
—
|
Bond/Debt | 0.57% | 1.41% |
#39
12
Prev: #27
|
0.2 | -9,000,000 | -72.3% |
P
S
|
3,444,000 | $3,928,313,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
INDI
PUT
INDIE SEMICONDU...
|
PUT Option | 0.47% | 0.35% |
#40
11
Prev: #51
|
1.2 | no change | no change |
P
S
|
901,300 | $3,181,589,000 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
QMNDQ 6.750 03/...
|
—
|
Bond/Debt | 0.46% | 0.32% |
#41
11
Prev: #52
|
1.2 | no change | no change |
P
S
|
12,400,000 | $3,162,000,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CERENCE INC
|
—
|
Bond/Debt | 0.45% | 1.08% |
#42
11
Prev: #31
|
0.2 | -10,250,000 | -75.1% |
P
S
|
3,400,000 | $3,066,375,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
AVAV
AEROVIRONMENT I...
|
Industrials | 0.43% | — |
#43
Prev: #—
|
3.7 | 12,100 | no change |
NEW
|
12,100 | $2,926,869,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PCG/PRX
PG&E CORP
|
Preferred | 0.42% | 0.40% |
#44
5
Prev: #49
|
0.2 | -35,000 | -33.3% |
P
S
|
70,000 | $2,856,000,000 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ARRY
ARRAY TECHNOLOG...
|
Technology | 0.40% | — |
#45
Prev: #—
|
3.7 | 295,500 | no change |
NEW
|
295,500 | $2,722,442,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CORZ
CORE SCIENTIFIC...
|
Technology | 0.34% | — |
#46
Prev: #—
|
3.6 | 160,900 | no change |
NEW
|
160,900 | $2,342,704,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NEO
NEOGENOMICS INC
|
Healthcare | 0.28% | 0.15% |
#47
11
Prev: #58
|
0.6 | -36,212 | -18.0% |
P
S
|
165,101 | $1,941,588,000 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LPSN
LIVEPERSON INC
|
Technology | 0.27% | — |
#48
Prev: #—
|
3.6 | 485,001 | no change |
NEW
|
485,001 | $1,876,954,000 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASTS
AST SPACEMOBILE...
|
Technology | 0.26% | — |
#49
Prev: #—
|
3.6 | 24,200 | no change |
NEW
|
24,200 | $1,757,646,000 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOSS
GOSSAMER BIO IN...
|
Healthcare | 0.23% | 0.13% |
#50
9
Prev: #59
|
1.1 | no change | no change |
P
S
|
500,000 | $1,550,000,000 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 79 holdings