Silverback Asset Management

Silverback Asset Management as of June 30, 2011

Portfolio Holdings for Silverback Asset Management

Silverback Asset Management holds 59 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Netapp Inc note 1.750% 6/0 7.4 $71M 42M 1.70
Spdr S&p 500 Etf (SPY) 6.8 $66M 500k 131.97
Spdr S&p 500 Etf (SPY) 6.1 $59M 450k 131.97
Amgen Inc note 0.375% 2/0 5.6 $55M 55M 1.00
Medtronic Inc note 1.625% 4/1 5.0 $49M 48M 1.02
L-3 Communications Corp debt 3.000% 8/0 4.3 $42M 41M 1.02
Spdr S&p 500 Etf (SPY) 4.1 $40M 300k 131.97
Invitrogen Corp note 3.250% 6/1 3.3 $32M 30M 1.07
Ford Mtr Co Del note 4.250%11/1 3.1 $30M 18M 1.71
Arvinmeritor Inc frnt 4.625% 3/0 3.0 $29M 27M 1.09
Ppl Corporation 8.75% pfd cv 2.6 $25M 460k 54.77
Sothebys note 3.125% 6/1 2.5 $25M 18M 1.41
Verifone Sys Inc note 1.375% 6/1 2.5 $24M 21M 1.17
United States Stl Corp New note 4.000% 5/1 2.5 $24M 15M 1.59
Western Refng Inc note 5.750% 6/1 2.1 $21M 11M 1.83
ACTUANT CORP CONVERTIBLE security 2.1 $20M 15M 1.37
Symantec Corporation 2.0 $20M 1.0M 19.72
Best Buy Inc sdcv 2.250% 1/1 2.0 $20M 20M 1.01
Dendreon Corp note 1.9 $19M 17M 1.10
Alere 1.7 $17M 60k 277.59
Dryships Inc. note 5.000%12/0 1.6 $16M 18M 0.90
Cheniere Energy Inc note 2.250% 8/0 1.6 $16M 18M 0.88
Hologic Inc frnt 2.000%12/1 1.5 $14M 15M 0.96
Alliant Techsystems Inc note 2.750% 9/1 1.4 $13M 13M 1.00
Spdr S&p 500 Etf (SPY) 1.4 $13M 100k 131.97
Spdr S&p 500 Etf (SPY) 1.4 $13M 100k 131.97
Spdr S&p 500 Etf (SPY) 1.4 $13M 100k 131.97
Covanta Holding Conv conv bnd 1.4 $13M 12M 1.14
Iconix Brand Group Inc note 1.875% 6/3 1.2 $12M 12M 1.05
On Semiconductor Corp note 4/1 1.2 $12M 10M 1.16
Tech Data Corp dbcv 2.750%12/1 1.2 $11M 11M 1.04
Kulicke & Soffa Inds Inc note 0.875% 6/0 1.1 $11M 9.9M 1.06
Quicksilver Resources Inc dbcv 1.875%11/0 1.1 $11M 9.9M 1.06
Aar Corp note 1.750% 2/0 1.1 $10M 9.3M 1.11
Level 3 Communications conv 1.0 $9.7M 6.0M 1.62
Live Nation Entertainment In note 2.875% 7/1 1.0 $9.6M 10M 0.94
Usec Inc note 3.000%10/0 1.0 $9.3M 13M 0.72
Cubist Pharmaceuticals Inc note 2.250% 6/1 0.9 $9.0M 7.0M 1.28
Hornbeck Offshore Svcs Inc N frnt 1.625%11/1 0.8 $7.9M 8.2M 0.96
Cheniere Energy (LNG) 0.7 $6.4M 700k 9.16
Earthlink Inc note 3.250%11/1 0.6 $6.2M 6.0M 1.04
Citigroup Inc unit 0.6 $6.0M 50k 120.08
School Specialty, Inc sdcv 3.750%11/3 0.6 $5.8M 5.5M 1.05
Symantec Corporation 0.5 $4.9M 250k 19.72
Global Inds Ltd dbcv 2.750% 8/0 0.5 $4.4M 6.0M 0.74
Erp Oper Ltd Partnership note 3.850% 8/1 0.4 $4.1M 4.0M 1.03
RadioShack Corporation 0.3 $3.3M 249k 13.31
Sunpower Corp dbcv 4.750% 4/1 0.3 $3.2M 3.0M 1.07
Micron Technology Inc note 1.875% 6/0 0.3 $2.9M 3.0M 0.97
Mastec note 4% 06/14 0.3 $2.9M 2.0M 1.43
Sonic Automotive Inc note 5.000% 10/0 0.3 $2.6M 2.0M 1.32
Exterran Hldgs Inc note 4.250% 6/1 0.2 $2.2M 2.0M 1.11
Terex Corp New note 4.000% 6/0 0.2 $1.9M 1.0M 1.89
Excel Trust 0.1 $1.2M 112k 11.03
Crown Castle International 0.1 $651k 16k 40.76
MetLife (MET) 0.1 $588k 13k 43.88
Novagold Resources Inc Cad (NG) 0.0 $368k 40k 9.20
Ambassadors Intl Inc note 3.750% 4/1 0.0 $311k 10M 0.03
Novagold Resources Inc Cad (NG) 0.0 $184k 20k 9.20