SHENKMAN CAPITAL MANAGEMENT INC
Follow13F filer, CIK 1275228, NEW YORK, NY
SHENKMAN CAPITAL MANAGEMENT INC reported $1,017,089,744 across 123 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-10. Its ten largest share positions make up 30.31% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001275228-25-000002
- Period
- 2025-09-30
- Reported value
- $1.02B
- Holdings
- 123
- Top 10 weight
- 30.31%
- New
- 10
- Sold out
- 11
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| TETRA TECH INC NEWadded | +408,000 | $457K |
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 |
|---|---|---|
| BKLNreduced | -1,829,110 | -$38.3M |
| SJNKreduced | -300,835 | -$7.7M |
| TREEexited | -114,967 | -$5.37M |
| USHYreduced | -23,480 | -$887K |
| SMCreduced | -6,022 | -$124K |
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 2025
Share positions as resolved from 13F-HR 0001275228-25-000002, largest first. % of portfolio is the value over $1,017,089,744, 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 | 1,907,890 | $39.9M | 3.93% | -1,829,110 | Timeline | ||
| USHYISHARES TR | 320,900 | $12.1M | 1.19% | -23,480 | Timeline | ||
| TETRA TECH INC NEWTETRA TECH INC NEW | 9,107,000 | $10.2M | 1% | +408,000 | |||
| SJNKSPDR SERIES TRUST | 300,045 | $7.68M | 0.76% | -300,835 | Timeline | ||
| CCOCLEAR CHANNEL OUTDOOR HLDGS | 2,954,589 | $4.67M | 0.46% | 0 | Timeline | ||
| OPTUOPTIMUM COMMUNICATIONS INC | 1,801,300 | $4.37M | 0.43% | 0 | Timeline | ||
| SMCSUMMIT MIDSTREAM CORPORATION | 96,723 | $1.99M | 0.2% | -6,022 | Timeline | ||
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC | 12,136,000 | $1.18M | 0.12% | 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 | 66,215,000 | $58.7M | +1,034,000 |
| UNITI GROUP LLCUNITI GROUP LLC COM | principal | 37,773,000 | $42.9M | new |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 30,181,000 | $33.2M | +15,129,000 |
| SNAP INCSNAP INC Convertible | principal | 28,421,000 | $24.6M | +2,033,000 |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 21,723,000 | $24.5M | +14,500,000 |
| CMS ENERGY CORPCMS ENERGY CORP NOTE 3.375% 5/0 | principal | 21,293,000 | $23.7M | +16,500,000 |
| GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0 | principal | 24,639,000 | $22.9M | +941,000 |
| VARONIS SYS INCVARONIS SYS INC NOTE 1.000% 9/1 | principal | 18,188,000 | $20M | new |
| DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV | principal | 19,044,000 | $18M | -1,720,000 |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 15,984,000 | $16.9M | +15,000,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC DEBT 1.250% 2/1 | principal | 11,530,000 | $15.1M | -6,338,000 |
| DROPBOX INCDROPBOX INC NOTE 3/0 | principal | 14,349,000 | $15.1M | +2,043,000 |
| MICROCHIP TECHNOLOGY INC.MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0 | principal | 15,048,000 | $14.9M | +667,000 |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 14,378,000 | $14.8M | +5,849,000 |
| BLACKLINE INCBLACKLINE INC NOTE 1.000% 6/0 | principal | 13,853,000 | $14.7M | +3,413,000 |
| BOX INCBOX INC NOTE 1.500% 9/1 | principal | 13,887,000 | $14.2M | new |
| BOFA FIN LLCBOFA FIN LLC MTNF 0.600% 5/2 | principal | 14,054,000 | $14.1M | -1,862,000 |
| BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1 | principal | 13,741,000 | $13.9M | +7,645,000 |
| NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 | principal | 11,110,000 | $13.3M | +290,000 |
| ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3 | principal | 5,268,888 | $13.2M | -32,435,379 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD Convertible | principal | 10,620,000 | $12.9M | new |
| JD.COM INCJD.COM INC NOTE 0.250% 6/0 | principal | 11,987,000 | $12.9M | +307,000 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0 | principal | 13,271,000 | $12.5M | +679,000 |
| MKS INC.MKS INC. NOTE 1.250% 6/0 | principal | 11,102,000 | $12.4M | +1,276,000 |
| CSG SYS INTL INCCSG SYS INTL INC NOTE 3.875% 9/1 | principal | 10,951,000 | $12.4M | +553,000 |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 10,122,000 | $12M | -2,326,000 |
| POST HLDGS INCPOST HLDGS INC NOTE 2.500% 8/1 | principal | 10,200,000 | $11.7M | -22,000 |
| HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 2.500% 6/0 | principal | 12,141,000 | $11.6M | +88,000 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 9,284,000 | $11.5M | +5,586,000 |
| REDFIN CORPREDFIN CORP NOTE 0.500% 4/0 | principal | 12,041,000 | $11.2M | +4,041,000 |
| SABRE GLBL INCSABRE GLBL INC NOTE 7.320% 8/0 | principal | 10,798,000 | $11.2M | +5,825,000 |
| ENOVIS CORPORATIONENOVIS CORPORATION NOTE 3.875%10/1 | principal | 10,722,000 | $11M | +689,000 |
| TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC NOTE 0.250% 3/1 | principal | 9,716,000 | $10.9M | +618,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 8,314,000 | $10.7M | -4,642,000 |
| ITRON INCITRON INC NOTE 1.375% 7/1 | principal | 9,119,000 | $10.7M | +3,158,000 |
| SHIFT4 PMTS INCSHIFT4 PMTS INC NOTE 0.500% 8/0 | principal | 10,444,000 | $10.5M | +2,475,000 |
| NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1 | principal | 12,850,000 | $10.3M | +750,000 |
| GREENBRIER COS INCGREENBRIER COS INC NOTE 2.875% 4/1 | principal | 9,154,000 | $10.1M | +375,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 9,848,000 | $10.1M | -3,263,000 |
| REPLIGEN CORPREPLIGEN CORP NOTE 1.000%12/1 | principal | 9,469,000 | $9.75M | +589,000 |
| SIRIUSXM HOLDINGS INCSIRIUSXM HOLDINGS INC NOTE 3.750% 3/1 | principal | 8,866,000 | $9.46M | +555,000 |
| ORMAT TECHNOLOGIES INCORMAT TECHNOLOGIES INC NOTE 2.500% 7/1 | principal | 7,641,000 | $9.44M | +438,000 |
| VERTEX INCVERTEX INC NOTE 0.750% 5/0 | principal | 8,935,000 | $9.31M | +1,474,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 6,093,000 | $8.99M | -6,112,000 |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 | principal | 9,191,000 | $8.87M | -832,000 |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 3.500% 3/0 | principal | 8,321,000 | $8.61M | +521,000 |
| WORLD KINECT CORPORATIONWORLD KINECT CORPORATION Convertible | principal | 7,589,000 | $8.59M | +427,000 |
| AEROVIRONMENT INCAEROVIRONMENT INC NOTE 7/1 | principal | 6,650,000 | $8.44M | new |
| LIVANOVA PLCLIVANOVA PLC NOTE 2.500% 3/1 | principal | 7,612,000 | $8.37M | +444,000 |
| ITRON INCITRON INC NOTE 3/1 | principal | 7,650,000 | $8.1M | +506,000 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 5,644,000 | $7.48M | -3,425,000 |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC CNV | principal | 6,237,000 | $7.22M | +596,000 |
| NORTHERN OIL & GAS INCNORTHERN OIL & GAS INC NOTE 3.625% 4/1 | principal | 6,899,000 | $7.19M | +290,000 |
| IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC NOTE 1.750% 6/1 | principal | 5,058,000 | $7.13M | -1,697,000 |
| WORKIVA INCWORKIVA INC NOTE 1.250% 8/1 | principal | 6,956,000 | $7.03M | +6,555,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1 | principal | 5,694,000 | $6.95M | 0 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 6,740,000 | $6.83M | new |
| UGI CORP NEWUGI CORP NEW NOTE 5.000% 6/0 | principal | 5,135,000 | $6.79M | +207,000 |
| TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC NOTE 1.500% 3/1 | principal | 7,451,000 | $6.7M | +119,000 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 6,995,000 | $6.52M | +333,000 |
| LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 | principal | 4,669,000 | $6.31M | -113,000 |
| MERITAGE HOMES CORPMERITAGE HOMES CORP NOTE 1.750% 5/1 | principal | 5,918,000 | $6.19M | +3,135,000 |
| ADVANCED ENERGY INDSADVANCED ENERGY INDS NOTE 2.500% 9/1 | principal | 4,148,000 | $5.84M | -2,486,000 |
| TRIP COM GROUP LTDTRIP COM GROUP LTD NOTE 0.750% 6/1 | principal | 4,543,000 | $5.81M | -2,363,000 |
| TRANSOCEAN INCTRANSOCEAN INC DEB 4.625% 9/3 | principal | 4,506,000 | $5.44M | -530,000 |
| PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1 | principal | 4,734,000 | $5.42M | 0 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 | principal | 5,343,000 | $5.09M | +380,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC NOTE 4.375% 6/0 | principal | 3,974,000 | $4.82M | 0 |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1 | principal | 4,594,000 | $4.66M | 0 |
| TELADOC HEALTH INCTELADOC HEALTH INC NOTE 1.250% 6/0 | principal | 4,795,000 | $4.52M | -440,000 |
| SHAKE SHACK INCSHAKE SHACK INC NOTE 3/0 | principal | 4,574,000 | $4.44M | +206,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertible | principal | 3,571,000 | $4.44M | -456,000 |
| ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond | principal | 3,136,000 | $4.39M | +293,000 |
| LI AUTO INCLI AUTO INC NOTE 0.250% 5/0 | principal | 3,822,000 | $4.36M | +888,000 |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 0.250% 3/0 | principal | 3,602,000 | $4.22M | +3,120,000 |
| OSI SYSTEMS INCOSI SYSTEMS INC NOTE 2.250% 8/0 | principal | 2,543,000 | $3.78M | new |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 3,899,000 | $3.72M | +3,115,000 |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 2.250% 6/0 | principal | 3,412,000 | $3.37M | -6,254,000 |
| LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible | principal | 3,009,000 | $3.25M | +1,230,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 2,074,000 | $2.9M | -23,882,000 |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 2,670,000 | $2.88M | 0 |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 | principal | 1,517,000 | $2.79M | -3,833,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0 | principal | 1,826,000 | $2.3M | -2,447,000 |
| LYFT INCLYFT INC Convertible | principal | 1,705,000 | $2.25M | -4,154,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 1,750,000 | $1.95M | -9,517,000 |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 1,928,000 | $1.95M | 0 |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 | principal | 1,996,000 | $1.89M | 0 |
| HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 | principal | 900,000 | $1.27M | -3,304,000 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 | principal | 1,126,000 | $1.17M | 0 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 | principal | 1,137,000 | $1.09M | +105,000 |
| NCL CORP LTDNCL CORP LTD BOND | principal | 1,048,000 | $1.08M | 0 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1 | principal | 939,000 | $1.01M | 0 |
| SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0 | principal | 536,000 | $814K | new |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0 | principal | 704,000 | $803K | 0 |
| IRHYTHM HOLDINGS INCIRHYTHM HOLDINGS INC NOTE 1.500% 9/0 | principal | 548,000 | $755K | -3,559,000 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC NOTE 2.500% 3/1 | principal | 491,000 | $691K | 0 |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 513,000 | $573K | 0 |
| WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1 | principal | 360,000 | $550K | -3,074,000 |
| Shift4 Payments IncShift4 Payments Inc Convertible bond | principal | 524,000 | $539K | 0 |
| H WORLD GROUP LTDH WORLD GROUP LTD Convertible bond | principal | 404,000 | $454K | 0 |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| NCL CORP LTDNCL CORP LTD | 5,300,000 | $5.87M | principal |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC | 3,625,000 | $5.47M | principal |
| Shopify IncShopify Inc | 5,211,000 | $5.46M | principal |
| TREELENDINGTREE INC | 114,967 | $5.37M | shares |
| GRANITE CONSTR INCGRANITE CONSTR INC | 3,138,000 | $4.45M | principal |
| MIDDLEBY CORPMIDDLEBY CORP | 2,095,000 | $2.44M | principal |
| CLOUDFLARE INCCLOUDFLARE INC | 1,099,000 | $1.35M | principal |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC | 864,000 | $1.1M | principal |
| BLOOM ENERGY CORPBLOOM ENERGY CORP | 395,000 | $785K | principal |
| SEMTECH CORPSEMTECH CORP | 239,000 | $367K | principal |
| SPECTRUM BRANDS INCSPECTRUM BRANDS INC | 185,000 | $169K | principal |
How Q3 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 0001275228-25-000002 | base | 2025-11-10 | acceptance time not in the bulk data set |