Silverback Asset Management

Silverback Asset Management as of Sept. 30, 2012

Portfolio Holdings for Silverback Asset Management

Silverback Asset Management holds 81 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 12.0 $230M 1.6M 143.97
General Mtrs Co *w exp 07/10/201 5.4 $103M 4.5M 22.75
Citigroup Inc Com Us cmn 4.8 $92M 2.8M 32.72
Liberty Media Corp New deb 3.125% 3/3 4.3 $83M 60M 1.39
Kinder Morgan Inc/delaware Wts 4.1 $80M 2.5M 32.52
Sba Communications Corp note 1.875% 5/0 3.8 $72M 48M 1.52
Medtronic Inc note 1.625% 4/1 3.5 $67M 66M 1.01
Virgin Media Inc note 6.500%11/1 3.4 $65M 38M 1.72
Citigroup Inc *w exp 10/28/201 3.0 $59M 1.8M 32.72
Cadence Design Sys Cvt 2.625 6 convert 2.4 $46M 26M 1.78
Time Warner Telecom Inc dbcv 2.375% 4/0 2.4 $46M 32M 1.42
Archer Daniels Midland Co note 0.875% 2/1 2.0 $38M 38M 1.00
Netapp Inc note 1.750% 6/0 1.8 $35M 31M 1.14
Exterran Hldgs Inc note 4.250% 6/1 1.7 $32M 28M 1.14
United States Stl Corp New note 4.000% 5/1 1.6 $31M 30M 1.01
Gilead Sciences conv 1.5 $29M 20M 1.51
Cemex Sab conv 1.4 $28M 28M 0.99
Alcoa Inc debt 1.4 $27M 18M 1.49
Covanta Holding Conv conv bnd 1.4 $27M 23M 1.17
Nextera Energy Inc unit 1.4 $26M 509k 51.20
Notes Gencorp Inc. 4.0625% dbcv 1.3 $25M 20M 1.25
Advanced Micro Devices Inc note 6.000% 5/0 1.2 $24M 24M 1.01
Anixter Intl Inc note 1.000% 2/1 1.2 $22M 21M 1.09
Cno Financial Group Inc 7 12-1 convert 1.1 $22M 12M 1.82
Biomarin Pharmaceutical Inc note 1.875% 4/2 1.1 $22M 10M 2.08
TAKE-TWO INTER CONVERTIBLE security 1.1 $21M 17M 1.22
Central European Media sr nt cv 5%15 1.1 $21M 22M 0.95
Salesforce Com Inc note 0.750% 1/1 1.1 $21M 11M 1.86
Medicis Pharmaceutical conv 1.1 $21M 19M 1.08
Usec Inc note 3.000%10/0 1.0 $20M 47M 0.42
Jakks Pac Inc note 4.500%11/0 1.0 $20M 17M 1.17
Dst Sys Inc Del dbcv 4.125% 8/1 1.0 $20M 16M 1.24
L-3 Communications Corp debt 3.000% 8/0 1.0 $20M 20M 1.00
Level 3 Communications conv 1.0 $19M 18M 1.05
SAFEGUARD SCIENTIFICS INC Dbcv 10.125% 3/1 debt 1.0 $19M 16M 1.22
On Semiconductor Corp note 2.625%12/1 0.9 $18M 17M 1.02
Hornbeck Offshore Svcs Inc N frnt 1.625%11/1 0.9 $17M 17M 1.04
RF MICRO DEVICE CONVERTIBLE security 0.9 $17M 17M 0.99
Comtech Telecommunications Cor conv 0.8 $16M 15M 1.06
Nuance Communications Inc dbcv 2.750% 8/1 0.8 $15M 11M 1.43
Microsoft Corporation (MSFT) 0.8 $15M 500k 29.76
On Semiconductor Corp note 2.625%12/1 0.8 $15M 14M 1.04
Suntech Pwr Hldgs Co Ltd note 3.000% 3/1 0.7 $14M 29M 0.49
Dryships Inc. note 5.000%12/0 0.7 $13M 16M 0.82
Goodrich Pete Corp note 5.000%10/0 0.7 $13M 14M 0.94
United Therapeutics Corporation (UTHR) 0.7 $13M 225k 55.88
Bpz Resources Inc bond 0.7 $13M 16M 0.80
Solarfun Power Hldgs Conv dbcv 0.6 $12M 15M 0.77
Bgc Partners, Inc. note 4.500% 7/1 0.6 $12M 12M 0.94
Exelixis Inc cnv 0.6 $11M 11M 1.06
Molycorp Inc Del....... Note 6.0% 9/1/17 0.6 $11M 9.5M 1.16
Chemed Corp New note 1.875% 5/1 0.6 $11M 10M 1.06
Molycorp Inc conv bnd 0.6 $11M 15M 0.70
Headwaters Inc note 8.750% 2/0 0.5 $10M 10M 1.03
Molson Coors Brewing Co note 2.500% 7/3 0.5 $9.9M 9.6M 1.03
Massey Energy Co note 3.250% 8/0 0.5 $9.6M 10M 0.93
General Cable Corp Del New note 0.875%11/1 0.5 $9.0M 9.0M 1.00
Navistar Intl Corp New note 3.000%10/1 0.5 $8.9M 10M 0.89
Thompson Creek Metal unit 99/99/9999 0.4 $8.3M 486k 17.05
Tyson Foods (TSN) 0.4 $8.0M 500k 16.02
Helix Energy Solutions note 0.4 $8.1M 7.3M 1.12
Dendreon Corp note 0.4 $7.9M 12M 0.67
Green Plains Renewable E note 0.4 $7.7M 9.9M 0.78
Endeavor Intl Corp note 5.500% 7/1 0.4 $7.7M 8.0M 0.96
Thq Inc note 5.000% 8/1 0.4 $7.5M 14M 0.54
James River Coal Co note 3.125% 3/1 0.4 $6.9M 20M 0.34
INC Sealy Corp 0.3 $5.6M 75k 74.51
James River Coal 4.5% 2015 conv 0.3 $5.6M 14M 0.39
Alere 0.3 $5.1M 25k 205.52
Central European Dist Corp note 3.000% 3/1 0.2 $4.7M 5.0M 0.93
United Technol conv prf 0.2 $4.2M 75k 56.08
Meritage Homes Corp conv 0.2 $4.0M 4.0M 1.00
A123 Sys Inc note 3.750% 4/1 0.2 $3.6M 9.6M 0.37
Charles Riv Labs Intl Inc note 2.250% 6/1 0.1 $2.6M 2.5M 1.02
Powerwave Technologies Inc note 3.875%10/0 0.1 $2.1M 17M 0.12
Patriot Coal Corp. 3.25% 5/31/13 conv 0.1 $900k 6.0M 0.15
Microsoft Corporation (MSFT) 0.0 $826k 28k 29.76
Best Buy (BBY) 0.0 $860k 50k 17.20
K V Pharmaceutical Co note 2.500% 5/1 0.0 $565k 14M 0.04
THQ 0.0 $194k 53k 3.70
Verenium Corporation 0.0 $188k 58k 3.26