SILVERBACK ASSET MANAGEMENT LLC

Q3 2025 13F-HR Holdings

Location
Chapel Hill, NC
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
63
Total value ($000)
$1,044,225
Net value change ($000)
+337,361 (47.7%)
New positions
2
Sold out positions
2
Turnover %
29.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
WOLF 8,191 NEW
NEO 1,554 NEW
GOSS 884 205.1%
AVDL 529 46.0%
STNG 508 43.3%
ARAY 183 11.5%
HLIT 143 2.1%
Top Reduces (Value $000, Stocks/ETFs)
VRM -847 -7.0%
RDNW -596 -100.0%
MX -187 -21.3%
VERI -126 -100.0%
KPTI -40 -13.2%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 272,199 (26.1% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type