SILVERBACK ASSET MANAGEMENT LLC
Long book
$26.8M
Q1 2026
Positions
14
Top-10 weight
92%
concentration
Last quarter
+18.1%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsSILVERBACK ASSET MANAGEMENT LLC is a concentrated fundamental stock-picker, running a $26.8M US long book across 14 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VROOM INC, HARMONIC INC, CORE SCIENTIFIC INC, AEROVIRONMENT INC, AST SPACEMOBILE INC.
Over the last 9 quarters its long book ran on average 8.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-18.2%
Q2 2024
+6.9%
Q3 2024
+19.6%
Q4 2024
-31.4%
Q1 2025
-3.0%
Q2 2025
+8.8%
Q3 2025
-19.3%
Q4 2025
-19.7%
Q1 2026
+18.1%
Sector allocation
Technology 35%
Consumer discretionary 22%
Financials 14%
Industrials 11%
Communications 7%
Healthcare 6%
Services media 5%
Long book by quarter
What does SILVERBACK ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VRM VROOM INC | Consumer discretionary | 437.9K | $5.8M | 21.8% | +2.9% |
| HLIT HARMONIC INC | Technology | 648.6K | $5.8M | 21.8% | -0.2% |
| CORZ CORE SCIENTIFIC INC | Financials | 160.9K | $2.4M | 9.0% | Held |
| AVAV AEROVIRONMENT INC | Industrials | 12.1K | $2.2M | 8.3% | Held |
| ASTS AST SPACEMOBILE INC | Communications | 24.2K | $2.0M | 7.5% | Held |
| TEM TEMPUS AI INC-CL A | Technology | 35.7K | $1.6M | 6.0% | +44.5% |
| WULF TERAWULF INC | Financials | 96.6K | $1.4M | 5.2% | Held |
| LPSN LIVEPERSON INC | Technology | 485.0K | $1.2M | 4.6% | Held |
| NEO NEOGENOMICS INC | Services media | 165.1K | $1.2M | 4.6% | Held |
| STNG SCORPIO TANKERS INC | Industrials | 10.0K | $747K | 2.8% | -66.7% |
| EYPT EYEPOINT INC | Healthcare | 50.0K | $645K | 2.4% | New |
| ARAY ACCURAY INC | Healthcare | 1.6M | $640K | 2.4% | +7.7% |
| MX MAGNACHIP SEMICONDUCTOR CORP | Technology | 220.0K | $616K | 2.3% | Held |
| KPTI KARYOPHARM THERAPEUTICS INC | Healthcare | 65.0K | $362K | 1.4% | +62.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 21, 2026 | 63 | $698.8M | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 14, 2026 | 62 | $684.2M | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 58 | $683.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 68 | $1.04B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 65 | $706.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 61 | $724.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | Feb 27, 2025 | 70 | $667.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 75 | $682.2M | SEC ↗ | |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 83 | $743.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 84 | $812.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 79 | $750.6M | canonical | SEC ↗ |
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