SHENKMAN CAPITAL MANAGEMENT INC
Follow13F filer, CIK 1275228, NEW YORK, NY
SHENKMAN CAPITAL MANAGEMENT INC reported $1,289,521,275 across 110 holdings for the quarter ended 2024-09-30, in a 13F-HR filed 2024-11-12. Its ten largest share positions make up 29.69% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-24-005542
- Period
- 2024-09-30
- Reported value
- $1.29B
- Holdings
- 110
- Top 10 weight
- 29.69%
- New
- 17
- Sold out
- 21
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| USHYnew | +1,613,089 | $61.8M |
| BKLNadded | +1,757,350 | $38.6M |
| SMCnew | +416,281 | $14.6M |
| TETRA TECH INC NEWnew | +7,635,000 | $10.4M |
| CCOadded | +500,000 | $800K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| DIAMOND OFFSHORE DRILLING INexited | -1,219,617 | -$18.6M |
| SUMMIT MIDSTREAM PARTNERS LPexited | -470,313 | -$16.7M |
| NRG ENERGY INCreduced | -4,780,000 | -$10.7M |
| SJNKreduced | -188,200 | -$4.85M |
| TREEreduced | -55,523 | -$3.22M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q3 2024
Share positions as resolved from 13F-HR 0001085146-24-005542, largest first. % of portfolio is the value over $1,289,521,275, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| USHYISHARES TR | 1,613,089 | $61.8M | 4.8% | new | Timeline | ||
| BKLNINVESCO EXCH TRADED FD TR II | 2,184,100 | $48M | 3.72% | +1,757,350 | Timeline | ||
| TREELENDINGTREE INC | 417,379 | $24.2M | 1.88% | -55,523 | Timeline | ||
| SMCSUMMIT MIDSTREAM CORPORATION | 416,281 | $14.6M | 1.13% | new | Timeline | ||
| TETRA TECH INC NEWTETRA TECH INC NEW | 7,635,000 | $10.4M | 0.8% | new | |||
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC | 17,157,000 | $6.07M | 0.47% | -4,632,000 | |||
| CCOCLEAR CHANNEL OUTDOOR HLDGS | 2,204,589 | $3.53M | 0.27% | +500,000 | Timeline | ||
| NRG ENERGY INCNRG ENERGY INC | 1,201,000 | $2.68M | 0.21% | -4,780,000 | |||
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC | 7,000,000 | $2.48M | 0.19% | 0 | |||
| SJNKSPDR SERIES TRUST | 42,040 | $1.08M | 0.08% | -188,200 | Timeline | ||
| WW INTL INCWW INTL INC | 557,118 | $489K | 0.04% | 0 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| SOUTHWEST AIRLS COSOUTHWEST AIRLS CO NOTE 1.250% 5/0 | principal | 46,465,000 | $47.5M | +12,045,000 |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV | principal | 52,977,000 | $47.2M | +2,061,000 |
| DEXCOM INCDEXCOM INC NOTE 0.375% 5/1 | principal | 36,436,000 | $32.6M | +25,066,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1 | principal | 28,141,000 | $31.4M | +2,975,000 |
| RAPID7 INCRAPID7 INC NOTE 1.250% 3/1 | principal | 31,213,000 | $29.8M | new |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 32,843,000 | $28.7M | +32,166,000 |
| IONIS PHARMACEUTICALS INIONIS PHARMACEUTICALS IN NOTE 4/0 | principal | 27,960,000 | $28.2M | +7,533,000 |
| WOLFSPEED INCWOLFSPEED INC NOTE 1.750% 5/0 | principal | 38,523,000 | $27.6M | +26,261,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1 | principal | 31,814,000 | $25.7M | +9,564,000 |
| ITRON INCITRON INC NOTE 3/1 | principal | 24,248,000 | $25.7M | +13,098,000 |
| SHIFT4 PMTS INCSHIFT4 PMTS INC NOTE 0.500% 8/0 | principal | 23,866,000 | $24.9M | -1,358,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0 | principal | 23,299,000 | $23.9M | -5,969,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1 | principal | 20,109,000 | $23.8M | new |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 0.250% 3/0 | principal | 23,289,000 | $23.6M | +6,148,000 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 21,252,000 | $23.4M | +1,342,000 |
| INSULET CORPINSULET CORP NOTE 0.375% 9/0 | principal | 17,987,000 | $21.8M | -6,327,000 |
| ETSY INCETSY INC NOTE 0.125%10/0 | principal | 21,075,000 | $21.2M | -251,000 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1 | principal | 18,666,000 | $19.1M | +10,105,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 | principal | 17,590,000 | $18.5M | -9,115,000 |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 14,132,000 | $16.8M | -4,095,000 |
| ZSCALER INCZSCALER INC NOTE 0.125% 7/0 | principal | 13,069,000 | $16.3M | +2,926,000 |
| MACOM TECH SOLUTIONS HLDGS IMACOM TECH SOLUTIONS HLDGS I NOTE 0.250% 3/1 | principal | 11,223,000 | $16.3M | +1,991,000 |
| BOFA FIN LLCBOFA FIN LLC MTNF 0.600% 5/2 | principal | 13,665,000 | $15.3M | new |
| DATADOG INCDATADOG INC NOTE 0.125% 6/1 | principal | 11,348,000 | $15M | +4,674,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 14,595,000 | $14.9M | new |
| DROPBOX INCDROPBOX INC NOTE 3/0 | principal | 15,143,000 | $14.9M | -17,757,000 |
| BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1 | principal | 14,063,000 | $14.4M | -14,709,000 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 2.000% 2/1 | principal | 12,864,000 | $14.2M | -9,960,000 |
| ZILLOW GROUP INCZILLOW GROUP INC NOTE 1.375% 9/0 | principal | 9,216,000 | $13.9M | -9,338,000 |
| SABRE GLBL INCSABRE GLBL INC BOND | principal | 13,431,000 | $13.6M | +4,805,000 |
| WORKIVA INCWORKIVA INC NOTE 1.250% 8/1 | principal | 14,119,000 | $13.4M | new |
| NCL CORP LTDNCL CORP LTD BOND | principal | 13,538,000 | $13.4M | -18,279,000 |
| TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC NOTE 0.250% 3/1 | principal | 10,469,000 | $13.1M | +4,619,000 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 8,715,000 | $12.8M | new |
| DISH NETWORK CORPORATIONDISH NETWORK CORPORATION NOTE 12/1 | principal | 14,598,000 | $12.7M | +4,697,000 |
| AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0 | principal | 11,864,000 | $12.5M | +2,264,000 |
| AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1 | principal | 11,481,000 | $12.4M | new |
| CONMED CORPCONMED CORP NOTE 2.250% 6/1 | principal | 12,904,000 | $12.3M | -930,000 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 9,714,000 | $12.2M | +7,575,000 |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 11,014,000 | $11.9M | +5,633,000 |
| PENN ENTERTAINMENT INCPENN ENTERTAINMENT INC NOTE 2.750% 5/1 | principal | 10,476,000 | $11.8M | +1,635,000 |
| AXON ENTERPRISE INCAXON ENTERPRISE INC NOTE 0.500%12/1 | principal | 6,417,000 | $11.8M | -3,025,000 |
| Shift4 Payments IncShift4 Payments Inc Convertible bond | principal | 9,385,000 | $11.7M | new |
| MICROSTRATEGY INCMICROSTRATEGY INC NOTE 2/1 | principal | 8,450,000 | $11.5M | +6,700,000 |
| GREENBRIER COS INCGREENBRIER COS INC NOTE 2.875% 4/1 | principal | 9,937,000 | $11.3M | +3,574,000 |
| ALTAIR ENGR INCALTAIR ENGR INC BOND | principal | 7,390,000 | $10.8M | +528,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 12,115,000 | $10.5M | +11,931,000 |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1 | principal | 10,647,000 | $10.5M | -6,416,000 |
| PERFICIENT INCPERFICIENT INC BOND | principal | 10,587,000 | $10.4M | -538,000 |
| SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1 | principal | 9,551,000 | $10.1M | +680,000 |
| WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1 | principal | 8,126,000 | $9.98M | -1,722,000 |
| IMAX CORPIMAX CORP NOTE 0.500% 4/0 | principal | 9,547,000 | $9.9M | +1,165,000 |
| POST HLDGS INCPOST HLDGS INC NOTE 2.500% 8/1 | principal | 8,055,000 | $9.76M | -2,626,000 |
| SNAP INCSNAP INC NOTE 0.125% 3/0 | principal | 11,984,000 | $9.63M | +1,686,000 |
| ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1 | principal | 8,843,000 | $9.6M | new |
| MARRIOTT VACATION WORLDWMARRIOTT VACATION WORLDW NOTE 1/1 | principal | 8,862,000 | $8.27M | -3,396,000 |
| NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1 | principal | 10,523,000 | $8.27M | +718,000 |
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 10,000,000 | $8.21M | +9,000,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1 | principal | 8,000,000 | $7.89M | -4,099,000 |
| INTEGER HLDGS CORPINTEGER HLDGS CORP NOTE 2.125% 2/1 | principal | 4,631,000 | $7.44M | -1,850,000 |
| DISH NETWORK CORPORATIONDISH NETWORK CORPORATION NOTE 3.375% 8/1 | principal | 8,750,000 | $7.12M | new |
| ENPHASE ENERGY INCENPHASE ENERGY INC NOTE 3/0 | principal | 7,497,000 | $6.72M | -35,336,000 |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 | principal | 5,570,000 | $6.72M | +88,000 |
| LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 | principal | 5,999,000 | $6.67M | -161,000 |
| LCI INDSLCI INDS NOTE 1.125% 5/1 | principal | 5,959,000 | $6.29M | +341,000 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 | principal | 5,420,000 | $5.72M | new |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 5,370,000 | $5.28M | -22,193,000 |
| CSG SYS INTL INCCSG SYS INTL INC NOTE 3.875% 9/1 | principal | 4,545,000 | $4.6M | new |
| NUTANIX INCNUTANIX INC Convertible | principal | 3,700,000 | $4.51M | +3,250,000 |
| SNAP INCSNAP INC NOTE 5/0 | principal | 4,941,000 | $4.24M | -6,449,000 |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 | principal | 4,300,000 | $3.91M | new |
| SABRE GLBL INCSABRE GLBL INC NOTE 7.320% 8/0 | principal | 3,258,000 | $3.76M | -11,029,000 |
| TripAdvisor IncTripAdvisor Inc CONV | principal | 4,017,000 | $3.75M | -30,000 |
| BOOKING HOLDINGS INCBOOKING HOLDINGS INC NOTE 0.750% 5/0 | principal | 1,517,000 | $3.4M | +350,000 |
| EURONET WORLDWIDE INCEURONET WORLDWIDE INC NOTE 0.750% 3/1 | principal | 3,033,000 | $2.99M | -100,000 |
| PATRICK INDS INCPATRICK INDS INC NOTE 1.750%12/0 | principal | 1,835,000 | $2.78M | -706,000 |
| DRAFTKINGS INC NEWDRAFTKINGS INC NEW CNV | principal | 2,901,000 | $2.55M | -524,000 |
| STRIDE INCSTRIDE INC NOTE 1.125% 9/0 | principal | 1,357,000 | $2.34M | -638,000 |
| BURLINGTON STORES INCBURLINGTON STORES INC NOTE 1.250%12/1 | principal | 1,395,000 | $2.02M | new |
| PEGASYSTEMS INCPEGASYSTEMS INC NOTE 0.750% 3/0 | principal | 2,015,000 | $1.98M | 0 |
| INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0 | principal | 1,043,000 | $1.95M | -2,468,000 |
| CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1 | principal | 1,299,000 | $1.54M | -1,544,000 |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 | principal | 1,143,000 | $1.3M | -1,550,000 |
| ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond | principal | 600,000 | $706K | -600,000 |
| DEXCOM INCDEXCOM INC NOTE 0.250%11/1 | principal | 663,000 | $633K | -24,803,000 |
| BLOOM ENERGY CORPBLOOM ENERGY CORP Bond | principal | 669,000 | $623K | -400,000 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC NOTE 2.500% 3/1 | principal | 540,000 | $559K | -600,000 |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1 | principal | 446,000 | $553K | -9,243,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.125% 5/0 | principal | 485,000 | $542K | -3,327,000 |
| CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0 | principal | 400,000 | $521K | -100,000 |
| SHAKE SHACK INCSHAKE SHACK INC NOTE 3/0 | principal | 352,000 | $328K | -257,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 | principal | 267,000 | $242K | -800,000 |
| VERINT SYSTEMS INCVERINT SYSTEMS INC BOND | principal | 169,000 | $158K | -3,326,000 |
| WAYFAIR INCWAYFAIR INC NOTE 1.000% 8/1 | principal | 137,000 | $128K | -2,019,000 |
| JAMF HLDG CORPJAMF HLDG CORP NOTE 0.125% 9/0 | principal | 121,000 | $110K | -2,803,000 |
| ZIFF DAVIS INCZIFF DAVIS INC NOTE 1.75% 11/01/2026 | principal | 111,000 | $104K | -465,000 |
| CHEESECAKE FACTORY INCCHEESECAKE FACTORY INC NOTE 0.375% 6/1 | principal | 64,000 | $60.7K | -3,803,000 |
| DAYFORCE INCDAYFORCE INC NOTE 0.250% 3/1 | principal | 50,000 | $47.2K | -2,718,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 25,000 | $36.7K | -30,000 |
Sold out in Q3 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| DIAMOND OFFSHORE DRILLING INDIAMOND OFFSHORE DRILLING IN | 1,219,617 | $18.6M | shares |
| SUMMIT MIDSTREAM PARTNERS LPSUMMIT MIDSTREAM PARTNERS LP | 470,313 | $16.7M | shares |
| ENVESTNET INCENVESTNET INC | 14,981,000 | $16.4M | principal |
| BOX INCBOX INC | 13,300,000 | $15.7M | principal |
| IRONWOOD PHARMACEUTICALS INCIRONWOOD PHARMACEUTICALS INC | 15,460,000 | $14.7M | principal |
| BURLINGTON STORES INCBURLINGTON STORES INC | 8,676,000 | $10.5M | principal |
| BIOMARIN PHARMACEUTICAL INCBIOMARIN PHARMACEUTICAL INC | 10,744,000 | $10.4M | principal |
| CYBERARK SOFTWARE LTDCYBERARK SOFTWARE LTD | 5,281,000 | $9.39M | principal |
| EXPEDIA GROUP INCEXPEDIA GROUP INC | 6,971,000 | $6.43M | principal |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE | 5,505,000 | $5.05M | principal |
| ZILLOW GROUP INCZILLOW GROUP INC | 4,565,000 | $5.03M | principal |
| WOLFSPEED INCWOLFSPEED INC | 5,901,000 | $3.39M | principal |
| AIRBNB INC CLASS AAIRBNB INC CLASS A | 2,805,000 | $2.57M | principal |
| LANTHEUS HLDGS INCLANTHEUS HLDGS INC | 1,435,000 | $1.79M | principal |
| VARONIS SYS INCVARONIS SYS INC | 1,035,000 | $1.74M | principal |
| HYGISHARES TR | 16,405 | $1.27M | shares |
| MIRUM PHARMACEUTICALS INCMIRUM PHARMACEUTICALS INC | 750,000 | $1.01M | principal |
| CLOUDFLARE INCCLOUDFLARE INC | 995,000 | $929K | principal |
| NCL CORP LTDNCL CORP LTD | 475,000 | $589K | principal |
| ETSY INCETSY INC | 606,000 | $508K | principal |
| ZILLOW GROUP INCZILLOW GROUP INC | 340,000 | $346K | principal |
How Q3 2024 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001085146-24-005542 | base | 2024-11-12 | acceptance time not in the bulk data set |