SHENKMAN CAPITAL MANAGEMENT INC
Follow13F filer, CIK 1275228, NEW YORK, NY
SHENKMAN CAPITAL MANAGEMENT INC reported $1,004,862,591 across 124 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-11. Its ten largest share positions make up 33.65% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-004796
- Period
- 2025-06-30
- Reported value
- $1B
- Holdings
- 124
- Top 10 weight
- 33.65%
- New
- 27
- Sold out
- 29
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| BKLNadded | +1,012,895 | $23.6M |
| SJNKadded | +320,840 | $8.16M |
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 |
|---|---|---|
| USHYreduced | -151,470 | -$5.66M |
| TREEreduced | -120,000 | -$5.6M |
| NRG ENERGY INCexited | -892,000 | -$2.09M |
| TETRA TECH INC NEWreduced | -643,000 | -$767K |
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, Q2 2025
Share positions as resolved from 13F-HR 0001085146-25-004796, largest first. % of portfolio is the value over $1,004,862,591, 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 | 3,737,000 | $87.1M | 8.66% | +1,012,895 | Timeline | ||
| SJNKSPDR SERIES TRUST | 600,880 | $15.3M | 1.52% | +320,840 | Timeline | ||
| USHYISHARES TR | 344,380 | $12.9M | 1.28% | -151,470 | Timeline | ||
| TETRA TECH INC NEWTETRA TECH INC NEW | 8,699,000 | $10.4M | 1.03% | -643,000 | |||
| TREELENDINGTREE INC | 114,967 | $5.37M | 0.53% | -120,000 | Timeline | ||
| OPTUOPTIMUM COMMUNICATIONS INC | 1,801,300 | $4.73M | 0.47% | 0 | Timeline | ||
| CCOCLEAR CHANNEL OUTDOOR HLDGS | 2,954,589 | $3.13M | 0.31% | 0 | Timeline | ||
| SMCSUMMIT MIDSTREAM CORPORATION | 102,745 | $2.62M | 0.26% | 0 | Timeline | ||
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC | 12,136,000 | $1.42M | 0.14% | 0 |
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 115. All 115
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| ETSY INCETSY INC NOTE 0.250% 6/1 | principal | 65,181,000 | $56.7M | -2,000,000 |
| ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3 | principal | 37,704,267 | $48.1M | +238,633 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 25,956,000 | $28.9M | +11,499,000 |
| SNAP INCSNAP INC Convertible | principal | 26,388,000 | $23.5M | new |
| GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0 | principal | 23,698,000 | $22.1M | +6,427,000 |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV | principal | 20,764,000 | $19.5M | -1,530,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC DEBT 1.250% 2/1 | principal | 17,868,000 | $18.9M | +11,521,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 12,205,000 | $16.9M | -7,379,000 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 15,052,000 | $16.6M | +7,595,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 12,956,000 | $16.1M | +2,863,000 |
| BOFA FIN LLCBOFA FIN LLC MTNF 0.600% 5/2 | principal | 15,916,000 | $15.8M | +3,500,000 |
| MICROCHIP TECHNOLOGY INC.MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0 | principal | 14,381,000 | $14.5M | new |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 12,448,000 | $14.3M | -567,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 11,267,000 | $13.5M | -9,439,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 13,111,000 | $13.1M | +4,455,000 |
| NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 | principal | 10,820,000 | $12.7M | +1,168,000 |
| DROPBOX INCDROPBOX INC NOTE 3/0 | principal | 12,306,000 | $12.5M | -1,436,000 |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 2.500% 6/0 | principal | 12,053,000 | $12.4M | new |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0 | principal | 12,592,000 | $12.4M | +6,845,000 |
| JD.COM INCJD.COM INC NOTE 0.250% 6/0 | principal | 11,680,000 | $12.1M | new |
| CSG SYS INTL INCCSG SYS INTL INC NOTE 3.875% 9/1 | principal | 10,398,000 | $12M | +4,751,000 |
| POST HLDGS INCPOST HLDGS INC NOTE 2.500% 8/1 | principal | 10,222,000 | $11.9M | +3,344,000 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 9,069,000 | $11.5M | +2,455,000 |
| TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC NOTE 0.250% 3/1 | principal | 9,098,000 | $11.3M | -817,000 |
| BLACKLINE INCBLACKLINE INC NOTE 1.000% 6/0 | principal | 10,440,000 | $11.1M | new |
| ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1 | principal | 10,033,000 | $9.98M | +2,514,000 |
| MKS INC.MKS INC. NOTE 1.250% 6/0 | principal | 9,826,000 | $9.8M | new |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 8,529,000 | $9.74M | new |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 2.250% 6/0 | principal | 9,666,000 | $9.66M | new |
| GREENBRIER COS INCGREENBRIER COS INC NOTE 2.875% 4/1 | principal | 8,779,000 | $9.65M | +2,112,000 |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 | principal | 10,023,000 | $9.5M | +4,523,000 |
| ETSY INCETSY INC NOTE 0.125%10/0 | principal | 9,364,000 | $9.43M | +2,398,000 |
| REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1 | principal | 8,880,000 | $8.9M | +701,000 |
| SHIFT4 PMTS INCSHIFT4 PMTS INC NOTE 0.500% 8/0 | principal | 7,969,000 | $8.89M | +5,052,000 |
| VERTEX INCVERTEX INC NOTE 0.750% 5/0 | principal | 7,461,000 | $8.83M | new |
| SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1 | principal | 8,311,000 | $8.77M | +215,000 |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 3.500% 3/0 | principal | 7,800,000 | $8.47M | +3,019,000 |
| ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1 | principal | 6,634,000 | $8.4M | -3,511,000 |
| ORMAT TECHNOLOGIES INCORMAT TECHNOLOGIES INC NOTE 2.500% 7/1 | principal | 7,203,000 | $8.39M | -1,760,000 |
| WORLD KINECT CORPORATIONWORLD KINECT CORPORATION Convertible | principal | 7,162,000 | $8.34M | +1,852,000 |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 7,223,000 | $8.13M | new |
| TRIP COM GROUP LTDTRIP COM GROUP LTD NOTE 0.750% 6/1 | principal | 6,906,000 | $7.86M | new |
| NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1 | principal | 12,100,000 | $7.83M | +3,400,000 |
| ITRON INCITRON INC NOTE 3/1 | principal | 7,144,000 | $7.73M | -6,108,000 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 | principal | 6,755,000 | $7.58M | -6,669,000 |
| LIVANOVA PLCLIVANOVA PLC NOTE 2.500% 3/1 | principal | 7,168,000 | $7.45M | -2,090,000 |
| REDFIN CORPREDFIN CORP NOTE 0.500% 4/0 | principal | 8,000,000 | $7.32M | new |
| NORTHERN OIL & GAS INCNORTHERN OIL & GAS INC NOTE 3.625% 4/1 | principal | 6,609,000 | $7.13M | +318,000 |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 | principal | 5,350,000 | $7.13M | new |
| ITRON INCITRON INC NOTE 1.375% 7/1 | principal | 5,961,000 | $7.06M | new |
| TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC NOTE 1.500% 3/1 | principal | 7,332,000 | $7.05M | -1,547,000 |
| UGI CORP NEWUGI CORP NEW NOTE 5.000% 6/0 | principal | 4,928,000 | $6.98M | new |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1 | principal | 5,694,000 | $6.47M | +4,125,000 |
| BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1 | principal | 6,096,000 | $6.42M | +2,676,000 |
| LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 | principal | 4,782,000 | $6.41M | -2,193,000 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 6,662,000 | $6.33M | -3,500,000 |
| LYFT INCLYFT INC Convertible | principal | 5,859,000 | $6.19M | -3,049,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0 | principal | 4,273,000 | $6.03M | new |
| TRANSOCEAN INCTRANSOCEAN INC DEB 4.625% 9/3 | principal | 5,036,000 | $5.96M | +511,000 |
| NCL CORP LTDNCL CORP LTD NOTE 2.500% 2/1 | principal | 5,300,000 | $5.87M | new |
| SABRE GLBL INCSABRE GLBL INC NOTE 7.320% 8/0 | principal | 4,973,000 | $5.77M | +1,213,000 |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC CNV | principal | 5,641,000 | $5.68M | -1,233,000 |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 3,625,000 | $5.47M | -4,824,000 |
| Shopify IncShopify Inc Convertible bond | principal | 5,211,000 | $5.46M | +3,186,000 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 3,698,000 | $5.45M | -2,834,000 |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 | principal | 4,204,000 | $5.33M | -2,947,000 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 4,734,000 | $5.33M | -214,000 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 4,793,000 | $5.31M | -6,145,000 |
| IRHYTHM HOLDINGS INCIRHYTHM HOLDINGS INC NOTE 1.500% 9/0 | principal | 4,107,000 | $5.15M | -3,974,000 |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 5,235,000 | $4.86M | -13,534,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertible | principal | 4,027,000 | $4.83M | new |
| SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1 | principal | 3,632,000 | $4.69M | -3,964,000 |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1 | principal | 4,594,000 | $4.66M | new |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC NOTE 4.375% 6/0 | principal | 3,974,000 | $4.62M | new |
| WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1 | principal | 3,434,000 | $4.57M | +1,796,000 |
| SHAKE SHACK INCSHAKE SHACK INC NOTE 3/0 | principal | 4,368,000 | $4.53M | +2,627,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 | principal | 4,963,000 | $4.45M | +952,000 |
| GRANITE CONSTR INCGRANITE CONSTR INC NOTE 3.250% 6/1 | principal | 3,138,000 | $4.45M | new |
| ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond | principal | 2,843,000 | $3.7M | -2,231,000 |
| LI AUTO INCLI AUTO INC NOTE 0.250% 5/0 | principal | 2,934,000 | $3.45M | -3,072,000 |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 2,670,000 | $2.88M | -1,793,000 |
| MERITAGE HOMES CORPMERITAGE HOMES CORP NOTE 1.750% 5/1 | principal | 2,783,000 | $2.78M | new |
| MIDDLEBY CORPMIDDLEBY CORP NOTE 1.000% 9/0 | principal | 2,095,000 | $2.44M | -2,389,000 |
| LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible | principal | 1,779,000 | $2.16M | new |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 1,928,000 | $1.91M | -270,000 |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 | principal | 1,996,000 | $1.87M | -3,061,000 |
| CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1 | principal | 1,099,000 | $1.35M | -2,072,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 | principal | 1,126,000 | $1.13M | -2,377,000 |
| NCL CORP LTDNCL CORP LTD BOND | principal | 1,048,000 | $1.11M | -3,149,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1 | principal | 864,000 | $1.1M | -1,514,000 |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 984,000 | $1.01M | -3,307,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 | principal | 1,032,000 | $993K | -5,592,000 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1 | principal | 939,000 | $967K | new |
| WAYFAIR INCWAYFAIR INC Convertible bond | principal | 548,000 | $889K | -8,370,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 704,000 | $867K | -8,970,000 |
| BLOOM ENERGY CORPBLOOM ENERGY CORP NOTE 3.000% 6/0 | principal | 395,000 | $785K | new |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 784,000 | $743K | -25,255,000 |
| Shift4 Payments IncShift4 Payments Inc Convertible bond | principal | 524,000 | $683K | -7,658,000 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC NOTE 2.500% 3/1 | principal | 491,000 | $652K | new |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 513,000 | $582K | -5,547,000 |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SABRE GLBL INCSABRE GLBL INC | 15,994,000 | $16.3M | principal |
| WAYFAIR INCWAYFAIR INC | 15,139,000 | $14.2M | principal |
| GUARDANT HEALTH INCGUARDANT HEALTH INC | 11,886,000 | $10.6M | principal |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN | 7,925,000 | $9.78M | principal |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC | 7,310,000 | $8.85M | principal |
| TRANSMEDICS GROUP INCTRANSMEDICS GROUP INC | 7,005,000 | $7.82M | principal |
| DATADOG INCDATADOG INC | 3,984,000 | $4.63M | principal |
| BURLINGTON STORES INCBURLINGTON STORES INC | 2,805,000 | $3.88M | principal |
| ZSCALER INCZSCALER INC | 2,667,000 | $3.54M | principal |
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP | 2,513,000 | $3.4M | principal |
| NUTANIX INCNUTANIX INC | 2,429,000 | $3.32M | principal |
| BOX INCBOX INC | 2,416,000 | $3.13M | principal |
| RAPID7 INCRAPID7 INC | 3,142,000 | $2.71M | principal |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC | 2,594,000 | $2.42M | principal |
| AMPHASTAR PHARMACEUTICALS INAMPHASTAR PHARMACEUTICALS IN | 2,609,000 | $2.33M | principal |
| NRG ENERGY INCNRG ENERGY INC | 892,000 | $2.09M | shares |
| WINNEBAGO INDS INCWINNEBAGO INDS INC | 2,321,000 | $2.06M | principal |
| LCI INDSLCI INDS | 1,906,000 | $1.88M | principal |
| SEA LTDSEA LTD | 1,102,000 | $1.63M | principal |
| FIVE9 INCFIVE9 INC | 1,708,000 | $1.46M | principal |
| PATRICK INDS INCPATRICK INDS INC | 950,000 | $1.34M | principal |
| CHEFS WHSE INCCHEFS WHSE INC | 761,000 | $1.06M | principal |
| ZILLOW GROUP INCZILLOW GROUP INC | 981,000 | $1.03M | principal |
| PENN ENTERTAINMENT INCPENN ENTERTAINMENT INC | 399,000 | $414K | principal |
| JAMF HLDG CORPJAMF HLDG CORP | 123,000 | $116K | principal |
| IMAX CORPIMAX CORP | 92,000 | $102K | principal |
| CHEESECAKE FACTORY INCCHEESECAKE FACTORY INC | 64,000 | $63.4K | principal |
| INSULET CORPINSULET CORP | 44,000 | $55.9K | principal |
| DAYFORCE INCDAYFORCE INC | 52,000 | $49.9K | principal |
How Q2 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 0001085146-25-004796 | base | 2025-08-11 | acceptance time not in the bulk data set |