SHENKMAN CAPITAL MANAGEMENT INC
Follow13F filer, CIK 1275228, NEW YORK, NY
SHENKMAN CAPITAL MANAGEMENT INC reported $983,683,738 across 126 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-14. Its ten largest share positions make up 30.37% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-003137
- Period
- 2025-03-31
- Reported value
- $984M
- Holdings
- 126
- Top 10 weight
- 30.37%
- New
- 39
- Sold out
- 12
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| BKLNadded | +1,648,492 | $34M |
| USHYadded | +423,000 | $15.4M |
| SJNKadded | +238,000 | $5.99M |
| OPTUnew | +1,801,300 | $4.86M |
| TETRA TECH INC NEWadded | +1,723,000 | $1.87M |
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 |
|---|---|---|
| TREEreduced | -147,000 | -$7.39M |
| SMCreduced | -116,962 | -$3.96M |
| NRG ENERGY INCreduced | -309,000 | -$723K |
| WW INTL INCexited | -557,118 | -$708K |
| LIBERTY INTERACTIVE LLCreduced | -21,000 | -$5.56K |
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, Q1 2025
Share positions as resolved from 13F-HR 0001085146-25-003137, largest first. % of portfolio is the value over $983,683,738, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| BKLNINVESCO EXCH TRADED FD TR II | 2,724,105 | $56.2M | 5.71% | +1,648,492 | Timeline | ||
| USHYISHARES TR | 495,850 | $18M | 1.83% | +423,000 | Timeline | ||
| TREELENDINGTREE INC | 234,967 | $11.8M | 1.2% | -147,000 | Timeline | ||
| TETRA TECH INC NEWTETRA TECH INC NEW | 9,342,000 | $10.1M | 1.03% | +1,723,000 | |||
| SJNKSPDR SERIES TRUST | 280,040 | $7.05M | 0.72% | +238,000 | Timeline | ||
| OPTUOPTIMUM COMMUNICATIONS INC | 1,801,300 | $4.86M | 0.49% | new | Timeline | ||
| SMCSUMMIT MIDSTREAM CORPORATION | 102,745 | $3.48M | 0.35% | -116,962 | Timeline | ||
| CCOCLEAR CHANNEL OUTDOOR HLDGS | 2,954,589 | $3.28M | 0.33% | 0 | Timeline | ||
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC | 12,136,000 | $3.21M | 0.33% | -21,000 | |||
| NRG ENERGY INCNRG ENERGY INC | 892,000 | $2.09M | 0.21% | -309,000 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
The largest 100 of 116. All 116
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 67,181,000 | $57.3M | +55,181,000 |
| ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3 | principal | 37,465,634 | $42.5M | +7,110,119 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 26,039,000 | $25.3M | +9,476,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 19,584,000 | $24.2M | +12,752,000 |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV | principal | 22,294,000 | $20.8M | -15,942,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 20,706,000 | $20.3M | new |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 18,769,000 | $17.4M | -14,458,000 |
| GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0 | principal | 17,271,000 | $16.7M | new |
| SABRE GLBL INCSABRE GLBL INC BOND | principal | 15,994,000 | $16.3M | +226,000 |
| WAYFAIR INCWAYFAIR INC NOTE 1.000% 8/1 | principal | 15,139,000 | $14.2M | +10,002,000 |
| DROPBOX INCDROPBOX INC NOTE 3/0 | principal | 13,742,000 | $13.9M | -7,277,000 |
| ITRON INCITRON INC NOTE 3/1 | principal | 13,252,000 | $13.7M | -16,729,000 |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 13,015,000 | $13.5M | new |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 | principal | 13,424,000 | $13.5M | -6,078,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 14,457,000 | $13.4M | +4,232,000 |
| BOFA FIN LLCBOFA FIN LLC MTNF 0.600% 5/2 | principal | 12,416,000 | $12.7M | -1,192,000 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 10,938,000 | $12.5M | -1,589,000 |
| TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC NOTE 0.250% 3/1 | principal | 9,915,000 | $12.4M | -2,688,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 10,093,000 | $12.3M | +4,043,000 |
| NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 | principal | 9,652,000 | $11.4M | new |
| ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1 | principal | 10,145,000 | $10.7M | +40,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 9,674,000 | $10.6M | +9,649,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1 | principal | 11,886,000 | $10.6M | -25,903,000 |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 8,449,000 | $9.98M | -7,289,000 |
| WAYFAIR INCWAYFAIR INC Convertible bond | principal | 8,918,000 | $9.98M | +2,954,000 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 7,925,000 | $9.78M | +577,000 |
| Shift4 Payments IncShift4 Payments Inc Convertible bond | principal | 8,182,000 | $9.69M | -5,381,000 |
| ORMAT TECHNOLOGIES INCORMAT TECHNOLOGIES INC NOTE 2.500% 7/1 | principal | 8,963,000 | $9.64M | new |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 | principal | 7,151,000 | $9.43M | -4,799,000 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 10,162,000 | $9.36M | new |
| SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1 | principal | 7,596,000 | $9.29M | +546,000 |
| LIVANOVA PLCLIVANOVA PLC NOTE 2.500% 3/1 | principal | 9,258,000 | $9.21M | new |
| LYFT INCLYFT INC Convertible | principal | 8,908,000 | $8.96M | new |
| WORKIVA INCWORKIVA INC NOTE 1.250% 8/1 | principal | 9,255,000 | $8.96M | -6,524,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1 | principal | 7,310,000 | $8.85M | -2,188,000 |
| SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1 | principal | 8,096,000 | $8.74M | -4,759,000 |
| IRHYTHM HOLDINGS INCIRHYTHM HOLDINGS INC NOTE 1.500% 9/0 | principal | 8,081,000 | $8.74M | new |
| LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 | principal | 6,975,000 | $8.74M | +770,000 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 6,614,000 | $8.74M | -3,835,000 |
| TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC NOTE 1.500% 3/1 | principal | 8,879,000 | $8.66M | new |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 8,656,000 | $8.5M | +1,294,000 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 7,457,000 | $8.44M | new |
| POST HLDGS INCPOST HLDGS INC NOTE 2.500% 8/1 | principal | 6,878,000 | $8.39M | -1,355,000 |
| CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0 | principal | 6,950,000 | $8.33M | +6,550,000 |
| REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1 | principal | 8,179,000 | $8.31M | +3,980,000 |
| ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1 | principal | 7,519,000 | $8.13M | +1,334,000 |
| TRANSMEDICS GROUP INCTRANSMEDICS GROUP INC NOTE 1.500% 6/0 | principal | 7,005,000 | $7.82M | new |
| GREENBRIER COS INCGREENBRIER COS INC NOTE 2.875% 4/1 | principal | 6,667,000 | $7.69M | -3,049,000 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 6,532,000 | $7.3M | new |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC CNV | principal | 6,874,000 | $7.16M | new |
| LI AUTO INCLI AUTO INC NOTE 0.250% 5/0 | principal | 6,006,000 | $7.12M | new |
| NORTHERN OIL & GAS INCNORTHERN OIL & GAS INC NOTE 3.625% 4/1 | principal | 6,291,000 | $6.99M | new |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 6,060,000 | $6.84M | new |
| GUARDANT HEALTH INCGUARDANT HEALTH INC DEBT 1.250% 2/1 | principal | 6,347,000 | $6.81M | new |
| ETSY INCETSY INC NOTE 0.125%10/0 | principal | 6,966,000 | $6.72M | -17,757,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 | principal | 6,624,000 | $6.48M | -12,023,000 |
| WORLD KINECT CORPORATIONWORLD KINECT CORPORATION Convertible | principal | 5,310,000 | $6.37M | new |
| CSG SYS INTL INCCSG SYS INTL INC NOTE 3.875% 9/1 | principal | 5,647,000 | $6.35M | +21,000 |
| ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond | principal | 5,074,000 | $6.28M | +1,348,000 |
| NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1 | principal | 8,700,000 | $5.98M | +150,000 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 4,948,000 | $5.85M | new |
| TRANSOCEAN INCTRANSOCEAN INC DEB 4.625% 9/3 | principal | 4,525,000 | $5.72M | new |
| MIDDLEBY CORPMIDDLEBY CORP NOTE 1.000% 9/0 | principal | 4,484,000 | $5.56M | new |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 1.000% 4/1 | principal | 4,893,000 | $5.47M | new |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 3.500% 3/0 | principal | 4,781,000 | $5.25M | new |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 | principal | 5,500,000 | $5.15M | new |
| SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0 | principal | 3,920,000 | $5.08M | new |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 4,463,000 | $4.97M | new |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0 | principal | 5,747,000 | $4.97M | -11,774,000 |
| DATADOG INCDATADOG INC NOTE 0.125% 6/1 | principal | 3,984,000 | $4.63M | -9,776,000 |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 | principal | 5,057,000 | $4.58M | -609,000 |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 4,291,000 | $4.42M | -7,017,000 |
| SABRE GLBL INCSABRE GLBL INC NOTE 7.320% 8/0 | principal | 3,760,000 | $4.22M | new |
| NCL CORP LTDNCL CORP LTD BOND | principal | 4,197,000 | $4.09M | -11,281,000 |
| BURLINGTON STORES INCBURLINGTON STORES INC NOTE 1.250%12/1 | principal | 2,805,000 | $3.88M | +1,295,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 | principal | 4,011,000 | $3.55M | +1,566,000 |
| ZSCALER INCZSCALER INC NOTE 0.125% 7/0 | principal | 2,667,000 | $3.54M | -13,049,000 |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 0.250% 3/0 | principal | 3,300,000 | $3.51M | -3,514,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 | principal | 3,503,000 | $3.43M | +3,236,000 |
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1 | principal | 2,513,000 | $3.4M | -2,270,000 |
| NUTANIX INCNUTANIX INC Convertible | principal | 2,429,000 | $3.32M | -2,954,000 |
| BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1 | principal | 3,420,000 | $3.31M | -40,003,000 |
| DEXCOM INCDEXCOM INC NOTE 0.375% 5/1 | principal | 3,661,000 | $3.29M | -15,248,000 |
| CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1 | principal | 3,171,000 | $3.19M | new |
| BOX INCBOX INC NOTE 1/1 | principal | 2,416,000 | $3.13M | new |
| SHIFT4 PMTS INCSHIFT4 PMTS INC NOTE 0.500% 8/0 | principal | 2,917,000 | $2.96M | -22,962,000 |
| RAPID7 INCRAPID7 INC NOTE 1.250% 3/1 | principal | 3,142,000 | $2.71M | -31,880,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1 | principal | 2,378,000 | $2.48M | -6,660,000 |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 | principal | 2,594,000 | $2.42M | -2,579,000 |
| AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN NOTE 2.000% 3/1 | principal | 2,609,000 | $2.33M | -13,439,000 |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 2,198,000 | $2.17M | new |
| WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1 | principal | 2,321,000 | $2.06M | new |
| Shopify IncShopify Inc Convertible bond | principal | 2,025,000 | $2.04M | new |
| LCI INDSLCI INDS NOTE 1.125% 5/1 | principal | 1,906,000 | $1.88M | -6,408,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1 | principal | 1,569,000 | $1.67M | -36,024,000 |
| SEA LTDSEA LTD NOTE 2.375%12/0 | principal | 1,102,000 | $1.63M | new |
| SHAKE SHACK INCSHAKE SHACK INC NOTE 3/0 | principal | 1,741,000 | $1.61M | +1,389,000 |
| WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1 | principal | 1,638,000 | $1.61M | -15,358,000 |
| FIVE9 INCFIVE9 INC CNV | principal | 1,708,000 | $1.46M | new |
| PATRICK INDS INCPATRICK INDS INC NOTE 1.750%12/0 | principal | 950,000 | $1.34M | -6,991,000 |
Sold out in Q1 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SOUTHWEST AIRLS COSOUTHWEST AIRLS CO | 42,937,000 | $44.6M | principal |
| EXACT SCIENCES CORPEXACT SCIENCES CORP | 11,896,000 | $11.4M | principal |
| BLOOM ENERGY CORPBLOOM ENERGY CORP | 5,834,000 | $8.39M | principal |
| INTEGER HLDGS CORPINTEGER HLDGS CORP | 4,869,000 | $8.06M | principal |
| AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC | 6,198,000 | $7.71M | principal |
| ALTAIR ENGR INCALTAIR ENGR INC | 4,260,000 | $6.92M | principal |
| EURONET WORLDWIDE INCEURONET WORLDWIDE INC | 3,006,000 | $2.99M | principal |
| AXON ENTERPRISE INCAXON ENTERPRISE INC | 1,052,000 | $2.82M | principal |
| CONMED CORPCONMED CORP | 1,842,000 | $1.72M | principal |
| WW INTL INCWW INTL INC | 557,118 | $708K | shares |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN | 446,000 | $615K | principal |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC | 540,000 | $572K | principal |
How Q1 2025 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 0001085146-25-003137 | base | 2025-05-14 | acceptance time not in the bulk data set |