SILVERBACK ASSET MANAGEMENT LLC Quant / Systematic

CIK: 0001278960 · Show all filings

Period: Q1 2019 (← Previous) (Next →)

Filing Date: May 15, 2019

Total Value ($000): $584,351 (28.9% shares, 71.1% debt)

Holdings (42)

SPY SPDR S&P 500 ETF TR 11.6%

Value ($000) $67,795 Shares 240,000 Est. Cost $249.91 Unrealized —

— CLEVELAND CLIFFS INC 6.5%

Value ($000) $38,263 Shares 28,057,000 Est. Cost $1.43 Unrealized —

IWM ISHARES TR 5.2%

Value ($000) $30,618 Shares 200,000 Est. Cost $133.90 Unrealized —

— GOLAR LNG LTD 4.7%

Value ($000) $27,263 Shares 28,500,000 Est. Cost $1.07 Unrealized —

— TEAM INC 4.1%

Value ($000) $23,677 Shares 21,802,000 Est. Cost $1.17 Unrealized —

UNP UNION PACIFIC CORP 4.0%

Value ($000) $23,408 Shares 140,000 Est. Cost — Unrealized —

— SCORPIO TANKERS INC 3.9%

Value ($000) $22,827 Shares 25,700,000 Est. Cost $0.95 Unrealized —

— INFINERA CORPORATION 3.7%

Value ($000) $21,569 Shares 27,110,000 Est. Cost $0.97 Unrealized —

— ENSCO JERSEY FIN LTD 3.6%

Value ($000) $20,907 Shares 26,900,000 Est. Cost $0.80 Unrealized —

— HARMONIC INC 3.4%

Value ($000) $19,648 Shares 17,211,000 Est. Cost $1.22 Unrealized —

— INVACARE CORP 3.3%

Value ($000) $19,500 Shares 21,300,000 Est. Cost $1.11 Unrealized —

— VIAVI SOLUTIONS INC 3.3%

Value ($000) $19,145 Shares 17,000,000 Est. Cost $1.13 Unrealized —

— AVID TECHNOLOGY INC 3.3%

Value ($000) $19,100 Shares 20,000,000 Est. Cost $0.81 Unrealized —

— FLEXION THERAPEUTICS INC 3.2%

Value ($000) $18,441 Shares 21,066,000 Est. Cost $1.11 Unrealized —

— NXP SEMICONDUCTORS N V 2.9%

Value ($000) $16,923 Shares 16,462,000 Est. Cost $1.03 Unrealized —

— TTM TECHNOLOGIES INC 2.9%

Value ($000) $16,750 Shares 12,810,000 Est. Cost $1.16 Unrealized —

— ON SEMICONDUCTOR CORP 2.7%

Value ($000) $15,495 Shares 12,500,000 Est. Cost $1.10 Unrealized —

— AMYRIS INC 2.3%

Value ($000) $13,478 Shares 13,478,000 Est. Cost $0.94 Unrealized —

— DYCOM INDS INC 2.3%

Value ($000) $13,162 Shares 14,229,000 Est. Cost $0.93 Unrealized —

— AK STL CORP 2.2%

Value ($000) $13,065 Shares 13,000,000 Est. Cost $1.00 Unrealized —

— PATRICK INDS INC 2.2%

Value ($000) $13,040 Shares 14,500,000 Est. Cost $0.90 Unrealized —

— CONTURA ENERGY INC 2.2%

Value ($000) $12,969 Shares 223,905 Est. Cost $65.74 Unrealized —

— ENCORE CAP GROUP INC 2.0%

Value ($000) $11,570 Shares 13,000,000 Est. Cost $0.89 Unrealized —

— RADIUS HEALTH INC 1.4%

Value ($000) $8,325 Shares 10,000,000 Est. Cost $0.79 Unrealized —

— TELIGENT INC NEW 1.4%

Value ($000) $8,089 Shares 12,090,000 Est. Cost $1.00 Unrealized —

— MEDICINES CO 1.4%

Value ($000) $8,009 Shares 9,500,000 Est. Cost $0.84 Unrealized —

— VERASTEM INC 1.3%

Value ($000) $7,664 Shares 9,718,000 Est. Cost $0.79 Unrealized —

— MEDICINES CO 1.2%

Value ($000) $7,010 Shares 7,000,000 Est. Cost $1.17 Unrealized —

MAT MATTEL INC 1.1%

Value ($000) $6,500 Shares 500,000 Est. Cost — Unrealized —

— SENSEONICS HLDGS INC 1.1%

Value ($000) $6,420 Shares 6,000,000 Est. Cost $1.12 Unrealized —

— MAGNACHIP SEMICONDUCTOR SA 1.0%

Value ($000) $5,843 Shares 5,137,000 Est. Cost $1.12 Unrealized —

AKTSQ AKOUSTIS TECHNOLOGIES INC 0.8%

Value ($000) $4,701 Shares 809,056 Est. Cost $5.14 Unrealized +27.7%

— KINDRED BIOSCIENCES INC 0.8%

Value ($000) $4,585 Shares 500,000 Est. Cost $11.07 Unrealized —

— AMYRIS INC 0.6%

Value ($000) $3,752 Shares 1,795,451 Est. Cost $3.29 Unrealized —

MX MAGNACHIP SEMICONDUCTOR CORP 0.6%

Value ($000) $3,700 Shares 500,000 Est. Cost $9.88 Unrealized -28.1%

— SENSEONICS HLDGS INC 0.5%

Value ($000) $2,757 Shares 1,125,291 Est. Cost $3.76 Unrealized —

— NII HLDGS INC 0.4%

Value ($000) $2,156 Shares 1,100,000 Est. Cost $2.43 Unrealized —

— TRINITY MERGER CORP 0.4%

Value ($000) $2,100 Shares 200,000 Est. Cost $10.06 Unrealized —

— GORDON POINTE ACQUISITION CO 0.3%

Value ($000) $1,838 Shares 175,000 Est. Cost $10.33 Unrealized —

— SERVICESOURCE INTL INC 0.3%

Value ($000) $1,562 Shares 1,695,708 Est. Cost $3.25 Unrealized —

— ALTA MESA RES INC 0.1%

Value ($000) $372 Shares 1,400,000 Est. Cost $5.11 Unrealized —

— SANOFI 0.1%

Value ($000) $355 Shares 788,011 Est. Cost $0.43 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	240,000	$67,795	11.6%	$249.91	—	Put	78462F103
—	CLEVELAND CLIFFS INC	28,057,000	$38,263	6.5%	$1.43	—	DBCV 1.500% 1/1	185899AA9
IWM	ISHARES TR	200,000	$30,618	5.2%	$133.90	—	Put	464287655
—	GOLAR LNG LTD	28,500,000	$27,263	4.7%	$1.07	—	NOTE 2.750% 2/1	38046YAB7
—	TEAM INC	21,802,000	$23,677	4.1%	$1.17	—	NOTE 5.000% 8/0	878155AE0
UNP	UNION PACIFIC CORP	140,000	$23,408	4.0%	—	—	Put	907818108
—	SCORPIO TANKERS INC	25,700,000	$22,827	3.9%	$0.95	—	NOTE 3.000% 5/1	80918TAB5
—	INFINERA CORPORATION	27,110,000	$21,569	3.7%	$0.97	—	NOTE 2.125% 9/0	45667GAC7
—	ENSCO JERSEY FIN LTD	26,900,000	$20,907	3.6%	$0.80	—	NOTE 3.000% 1/3	29359WAB1
—	HARMONIC INC	17,211,000	$19,648	3.4%	$1.22	—	NOTE 4.000%12/0	413160AB8
—	INVACARE CORP	21,300,000	$19,500	3.3%	$1.11	—	NOTE 5.000% 2/1	461203AF8
—	VIAVI SOLUTIONS INC	17,000,000	$19,145	3.3%	$1.13	—	NOTE 1.000% 3/0	925550AB1
—	AVID TECHNOLOGY INC	20,000,000	$19,100	3.3%	$0.81	—	NOTE 2.000% 6/1	05367PAB6
—	FLEXION THERAPEUTICS INC	21,066,000	$18,441	3.2%	$1.11	—	NOTE 3.375% 5/0	33938JAB2
—	NXP SEMICONDUCTORS N V	16,462,000	$16,923	2.9%	$1.03	—	NOTE 1.000%12/0	62952QAB6
—	TTM TECHNOLOGIES INC	12,810,000	$16,750	2.9%	$1.16	—	NOTE 1.750%12/1	87305RAD1
—	ON SEMICONDUCTOR CORP	12,500,000	$15,495	2.7%	$1.10	—	NOTE 1.000%12/0	682189AK1
—	AMYRIS INC	13,478,000	$13,478	2.3%	$0.94	—	NOTE 6.500% 5/1	03236MAC5
—	DYCOM INDS INC	14,229,000	$13,162	2.3%	$0.93	—	NOTE 0.750% 9/1	267475AB7
—	AK STL CORP	13,000,000	$13,065	2.2%	$1.00	—	NOTE 5.000%11/1	001546AP5
—	PATRICK INDS INC	14,500,000	$13,040	2.2%	$0.90	—	DBCV 1.000% 2/0	703343AB9
—	CONTURA ENERGY INC	223,905	$12,969	2.2%	$65.74	—	COM	21241B100
—	ENCORE CAP GROUP INC	13,000,000	$11,570	2.0%	$0.89	—	NOTE 3.250% 3/1	292554AK8
—	RADIUS HEALTH INC	10,000,000	$8,325	1.4%	$0.79	—	NOTE 3.000% 9/0	750469AA6
—	TELIGENT INC NEW	12,090,000	$8,089	1.4%	$1.00	—	NOTE 4.750% 5/0	87960WAA2
—	MEDICINES CO	9,500,000	$8,009	1.4%	$0.84	—	NOTE 2.750% 7/1	584688AG0
—	VERASTEM INC	9,718,000	$7,664	1.3%	$0.79	—	NOTE 5.000%11/0	92337CAA2
—	MEDICINES CO	7,000,000	$7,010	1.2%	$1.17	—	NOTE 2.500% 1/1	584688AE5
MAT	MATTEL INC	500,000	$6,500	1.1%	—	—	Put	577081102
—	SENSEONICS HLDGS INC	6,000,000	$6,420	1.1%	$1.12	—	NOTE 5.250% 2/0	81727UAA3
—	MAGNACHIP SEMICONDUCTOR SA	5,137,000	$5,843	1.0%	$1.12	—	NOTE 5.000% 3/0	55932XAB0
AKTSQ	AKOUSTIS TECHNOLOGIES INC	809,056	$4,701	0.8%	$5.14	+27.7%	COM	00973N102
—	KINDRED BIOSCIENCES INC	500,000	$4,585	0.8%	$11.07	—	COM	494577109
—	AMYRIS INC	1,795,451	$3,752	0.6%	$3.29	—	COM NEW	03236M200
MX	MAGNACHIP SEMICONDUCTOR CORP	500,000	$3,700	0.6%	$9.88	-28.1%	COM	55933J203
—	SENSEONICS HLDGS INC	1,125,291	$2,757	0.5%	$3.76	—	COM	81727U105
—	NII HLDGS INC	1,100,000	$2,156	0.4%	$2.43	—	COM PAR	62913F508
—	TRINITY MERGER CORP	200,000	$2,100	0.4%	$10.06	—	UNIT 05/11/2025	89653L205
—	GORDON POINTE ACQUISITION CO	175,000	$1,838	0.3%	$10.33	—	UNIT 01/18/2023	382788206
—	SERVICESOURCE INTL INC	1,695,708	$1,562	0.3%	$3.25	—	COM	81763U100
—	ALTA MESA RES INC	1,400,000	$372	0.1%	$5.11	—	CL A	02133L109
—	SANOFI	788,011	$355	0.1%	$0.43	—	RIGHT 12/31/2020	80105N113