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Silverback Asset Management LLC

CIK:0001278960
Hedge Fund
$1B AUM
65 holdings
Chapel Hill, NC, US
Founded:2002
13 employees
Latest filing:Jun 30, 2025

Silverback Asset Management LLC is a hedge fund and SEC-registered investment adviser headquartered in Chapel Hill, North Carolina. The firm, founded in 2002, manages assets on behalf of institutional investors and high net worth individuals. It employs a small, specialized team of approximately 13 professionals and focuses on opportunistic investment strategies within public securities.

Investment Strategy

Silverback Asset Management LLC employs an opportunistic, event-driven investment strategy focused predominantly on public securities, using a long/short equity approach. The firm seeks to identify mispriced securities, often engaging in fundamental analysis and active trading to exploit market inefficiencies, while managing risk prudently. Their mandate is flexible, often targeting investments with asymmetric risk/reward profiles across sectors and capital structures.

Latest 13F Filing Activity

Silverback Asset Management LLC filed their most recent 13F report on Jun 30, 2025 disclosing 11 equity positions and 4 options positions with a total 13F market value of $707M. The fund increased holdings in Accuray Inc., Scorpio Tankers Inc., Avadel Pharmaceuticals PLC among other positions. Silverback Asset Management LLC reduced exposure to PG&E Corp., Rumbleon Inc., Vroom Inc. among others.

Top Buys
A
ARAYACCURAY INC
+$1.5M
S
STNGSCORPIO TANKERS INC
+$1.2M
V
VRMVROOM INC
-$461.8K
H
HLITHARMONIC INC
-$229.1K
A
AVDLAVADEL PHARMACEUTICALS PLC
+$132.6K
Top Sells
P
PCGPG&E CORP
-$4.7M
R
RMBLRUMBLEON INC
-$700.0K
V
VRMVROOM INC
-$461.8K
H
HLITHARMONIC INC
-$229.1K
A
AVDLAVADEL PHARMACEUTICALS PLC
+$132.6K

Top Holdings

V
VRMVROOM INC
+1.7%$12.1M
H
HLITHARMONIC INC
+1.0%$6.7M
A
ARAYACCURAY INC
+0.2%$1.6M
S
STNGSCORPIO TANKERS INC
+0.2%$1.2M
A
AVDLAVADEL PHARMACEUTICALS PLC
+0.2%$1.2M

Equity Positions (11)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
VROOM INC1.71%$12.1M423,132$6.00$28.51-$461.8K
HARMONIC INC0.95%$6.7M710,000$12.90$9.47-$229.1K
ACCURAY INC0.23%$1.6M1,166,054$1.41$1.37+$1.5M
SCORPIO TANKERS INC0.17%$1.2M30,000$39.13$39.13+$1.2M
AVADEL PHARMACEUTICALS PLC0.16%$1.2M130,000$7.83$8.85+$132.6K

Options Positions (4)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
ISHARES TRSold
Put
$48.4M6,000$80.65$78.89-4,000-$30.5M
INDIE SEMICONDUCTOR INCNew
Put
$3.2M9,013$3.56$3.56+9,013+$3.2M
AST SPACEMOBILE INCNew
Put
$3.0M647$46.73$46.73+647+$3.0M
PORCH GROUP INCNew
Call
$1.2M1,000$11.79$11.79+1,000+$1.2M

Industry Allocation

MOTOR VEHICLES & PASSENGER CAR BODIES
+2.5%
SEMICONDUCTORS & RELATED DEVICES
+1.2%
RETAIL-AUTO DEALERS & GASOLINE STATIONS
+1.1%
RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
+0.7%
COMMUNICATIONS SERVICES, NEC
+0.6%