Q2 2025 · 13F-HR
SHENKMAN CAPITAL MANAGEMENT INCholdings as filed
Filed 2025-08-11 · accession 0001085146-25-004796
$1.00B
Reported value
124
Positions
2025-06-30
Period end
The Brief · SHENKMAN CAPITAL MANAGEMENT INC · Q2 2025
AI · grounded in 13F
SHENKMAN CAPITAL MANAGEMENT INC established a new position in BKLN valued at $87.1M. The fund also initiated new holdings in [[stock:ETSY 0.25 06/15/28]] for $56.7M and [[stock:SATS 3.875 11/30/30]] for $48.1M. Other new additions include [[stock:LITE 0.5 06/15/28]] and [[stock:SNAP 0.5 05/01/30]]. The fund ended the period with 124 positions and total AUM of $1.0B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46138G508 | BKLN | INVESCO EXCH TRADED FD TR II | $87.1M | 8.66% | 3,737,000 | Common | SOLE |
| 29786AAN6 | ETSY 0.25 06/15/28 | ETSY INC | $56.7M | 5.65% | 65,181,000 | Common | SOLE |
| 278768AB2 | SATS 3.875 11/30/30 | ECHOSTAR CORP | $48.1M | 4.79% | 37,704,267 | Common | SOLE |
| 55024UAF6 | LITE 0.5 06/15/28 | LUMENTUM HLDGS INC | $28.9M | 2.87% | 25,956,000 | Common | SOLE |
| 83304AAK2 | SNAP 0.5 05/01/30 | SNAP INC | $23.5M | 2.33% | 26,388,000 | Common | SOLE |
| 37940XAU6 | GPN 1.5 03/01/31 | GLOBAL PMTS INC | $22.1M | 2.20% | 23,698,000 | Common | SOLE |
| 25402DAB8 | DOCN 0 12/01/26 | DIGITALOCEAN HLDGS INC | $19.5M | 1.94% | 20,764,000 | Common | SOLE |
| 40131MAD1 | GH 1.25 02/15/31 | GUARDANT HEALTH INC | $18.9M | 1.88% | 17,868,000 | Common | SOLE |
| 90353TAM2 | UBER 0.875 12/01/28 2028 | UBER TECHNOLOGIES INC | $16.9M | 1.68% | 12,205,000 | Common | SOLE |
| 26441CBY0 | DUK 4.125 04/15/26 | DUKE ENERGY CORP NEW | $16.6M | 1.66% | 15,052,000 | Common | SOLE |
| 30034WAD8 | EVRG 4.5 12/15/27 | EVERGY INC | $16.1M | 1.60% | 12,956,000 | Common | SOLE |
| 09709UV70 | BAC 0.6 05/25/27 MTN | BOFA FIN LLC | $15.8M | 1.57% | 15,916,000 | Common | SOLE |
| 78468R408 | SJNK | SPDR SERIES TRUST | $15.3M | 1.52% | 600,880 | Common | SOLE |
| 595017BG8 | MCHP 0.75 06/01/30 | MICROCHIP TECHNOLOGY INC. | $14.5M | 1.44% | 14,381,000 | Common | SOLE |
| 70202LAD4 | PSN 2.625 03/01/29 | PARSONS CORP DEL | $14.3M | 1.42% | 12,448,000 | Common | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $13.5M | 1.34% | 11,267,000 | Common | SOLE |
| 345370CZ1 | F 0 03/15/26 | FORD MTR CO | $13.1M | 1.30% | 13,111,000 | Common | SOLE |
| 46435U853 | USHY | ISHARES TR | $12.9M | 1.28% | 344,380 | Common | SOLE |
| 65339KCY4 | NEE 3 03/01/27 | NEXTERA ENERGY CAP HLDGS INC | $12.7M | 1.26% | 10,820,000 | Common | SOLE |
| 26210CAD6 | DBX 0 03/01/28 | DROPBOX INC | $12.5M | 1.25% | 12,306,000 | Common | SOLE |
| 405024AD2 | HAE 2.5 06/01/29 | HAEMONETICS CORP MASS | $12.4M | 1.23% | 12,053,000 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $12.4M | 1.23% | 12,592,000 | Common | SOLE |
| 47215PAJ5 | JD 0.25 06/01/29 | JD.COM INC | $12.1M | 1.20% | 11,680,000 | Common | SOLE |
| 126349AH2 | CSGS 3.875 09/15/28 | CSG SYS INTL INC | $12.0M | 1.19% | 10,398,000 | Common | SOLE |
| 737446AT1 | POST 2.5 08/15/27 | POST HLDGS INC | $11.9M | 1.19% | 10,222,000 | Common | SOLE |
| 92277GAZ0 | VTR 3.75 06/01/26 | VENTAS RLTY LTD PARTNERSHIP | $11.5M | 1.15% | 9,069,000 | Common | SOLE |
| 902252AB1 | TYL 0.25 03/15/26 | TYLER TEX INDPT SCH DIST | $11.3M | 1.12% | 9,098,000 | Common | SOLE |
| 09239BAF6 | BL 1 06/01/29 | BLACKLINE INC | $11.1M | 1.10% | 10,440,000 | Common | SOLE |
| 88162GAB9 | TTEK 2.25 08/15/28 | TETRA TECH INC NEW | $10.4M | 1.03% | 8,699,000 | Common | SOLE |
| 194014AB2 | ENOV 3.875 10/15/28 | ENOVIS CORPORATION | $10.0M | 0.99% | 10,033,000 | Common | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC. | $9.8M | 0.97% | 9,826,000 | Common | SOLE |
| 86800UAB0 | SMCI 3.5 03/01/29 | SUPER MICRO COMPUTER INC | $9.7M | 0.97% | 8,529,000 | Common | SOLE |
| 011642AD7 | ALRM 2.25 06/01/29 | ALARM COM HLDGS INC | $9.7M | 0.96% | 9,666,000 | Common | SOLE |
| 393657AM3 | GBX 2.875 04/15/28 | GREENBRIER COS INC | $9.7M | 0.96% | 8,779,000 | Common | SOLE |
| 57164YAF4 | VAC 3.25 12/15/27 | MARRIOTT VACATIONS WORLDWIDE | $9.5M | 0.95% | 10,023,000 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $9.4M | 0.94% | 9,364,000 | Common | SOLE |
| 759916AD1 | RGEN 1 12/15/28 | REPLIGEN CORP | $8.9M | 0.89% | 8,880,000 | Common | SOLE |
| 82452JAD1 | FOUR 0.5 08/01/27 | SHIFT4 PMTS INC | $8.9M | 0.88% | 7,969,000 | Common | SOLE |
| 92538JAB2 | VERX 0.75 05/01/29 | VERTEX INC | $8.8M | 0.88% | 7,461,000 | Common | SOLE |
| 531229AP7 | SIRI 3.75 03/15/28 | LIBERTY MEDIA CORP DEL | $8.8M | 0.87% | 8,311,000 | Common | SOLE |
| 743312AD2 | PRGS 3.5 03/01/30 | PROGRESS SOFTWARE CORP | $8.5M | 0.84% | 7,800,000 | Common | SOLE |
| 007973AE0 | AEIS 2.5 09/15/28 | ADVANCED ENERGY INDS | $8.4M | 0.84% | 6,634,000 | Common | SOLE |
| 686688AB8 | ORA 2.5 07/15/27 | ORMAT TECHNOLOGIES INC | $8.4M | 0.83% | 7,203,000 | Common | SOLE |
| 98149GAB6 | WKC 3.25 07/01/28 | WORLD KINECT CORPORATION | $8.3M | 0.83% | 7,162,000 | Common | SOLE |
| 842587DZ7 | SO 4.5 06/15/27 | SOUTHERN CO | $8.1M | 0.81% | 7,223,000 | Common | SOLE |
| 89677QAB3 | TCOM 0.75 06/15/29 | TRIP COM GROUP LTD | $7.9M | 0.78% | 6,906,000 | Common | SOLE |
| 62957HAL9 | NBR 1.75 06/15/29 | NABORS INDS INC | $7.8M | 0.78% | 12,100,000 | Common | SOLE |
| 465741AN6 | ITRI 0 03/15/26 | ITRON INC | $7.7M | 0.77% | 7,144,000 | Common | SOLE |
| 462222AF7 | IONS 1.75 06/15/28 | IONIS PHARMACEUTICALS INC | $7.6M | 0.75% | 6,755,000 | Common | SOLE |
| 53802LAB8 | LIVN 2.5 03/15/29 | LIVANOVA PLC | $7.4M | 0.74% | 7,168,000 | Common | SOLE |
| 75737FAE8 | RDFN 0.5 04/01/27 | REDFIN CORP | $7.3M | 0.73% | 8,000,000 | Common | SOLE |
| 665531AJ8 | NOG 3.625 04/15/29 | NORTHERN OIL & GAS INC | $7.1M | 0.71% | 6,609,000 | Common | SOLE |
| 01609WBG6 | BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | $7.1M | 0.71% | 5,350,000 | Common | SOLE |
| 465741AQ9 | ITRI 1.375 07/15/30 | ITRON INC | $7.1M | 0.70% | 5,961,000 | Common | SOLE |
| 875372AD6 | TNDM 1.5 03/15/29 2024 | TANDEM DIABETES CARE INC | $7.1M | 0.70% | 7,332,000 | Common | SOLE |
| 902681AB1 | UGI 5 06/01/28 | UGI CORP NEW | $7.0M | 0.69% | 4,928,000 | Common | SOLE |
| 90353TAJ9 | UBER 0 12/15/25 | UBER TECHNOLOGIES INC | $6.5M | 0.64% | 5,694,000 | Common | SOLE |
| 08265TAB5 | BSY 0.125 01/15/26 | BENTLEY SYS INC | $6.4M | 0.64% | 6,096,000 | Common | SOLE |
| 531229AQ5 | FWONK 2.25 08/15/27 | LIBERTY MEDIA CORP DEL | $6.4M | 0.64% | 4,782,000 | Common | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY INC | $6.3M | 0.63% | 6,662,000 | Common | SOLE |
| 55087PAD6 | LYFT 0.625 03/01/29 | LYFT INC | $6.2M | 0.62% | 5,859,000 | Common | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | COINBASE GLOBAL INC | $6.0M | 0.60% | 4,273,000 | Common | SOLE |
| 893830BW8 | RIG | TRANSOCEAN INC | $6.0M | 0.59% | 5,036,000 | Common | SOLE |
| 62886HBK6 | NCLH 2.5 02/15/27 | NCL CORP LTD | $5.9M | 0.58% | 5,300,000 | Common | SOLE |
| 78573NAK8 | SABHLD 7.32 08/01/26 | SABRE GLBL INC | $5.8M | 0.57% | 4,973,000 | Common | SOLE |
| 89422GAA5 | TVTX 2.25 03/01/29 | TRAVERE THERAPEUTICS INC | $5.7M | 0.56% | 5,641,000 | Common | SOLE |
| 02043QAB3 | ALNY 1 09/15/27 | ALNYLAM PHARMACEUTICALS INC | $5.5M | 0.54% | 3,625,000 | Common | SOLE |
| 82509LAA5 | SHOPCN 0.125 11/01/25 | SHOPIFY INC | $5.5M | 0.54% | 5,211,000 | Common | SOLE |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP | $5.5M | 0.54% | 3,698,000 | Common | SOLE |
| 52603B107 | TREE | LENDINGTREE INC NEW | $5.4M | 0.53% | 114,967 | Common | SOLE |
| 40637HAF6 | HALO 1 08/15/28 | HALOZYME THERAPEUTICS INC | $5.3M | 0.53% | 4,204,000 | Common | SOLE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL CAP FDG INC | $5.3M | 0.53% | 4,734,000 | Common | SOLE |
| 125896BX7 | CMS 3.375 05/01/28 | CMS ENERGY CORP | $5.3M | 0.53% | 4,793,000 | Common | SOLE |
| 450056AB2 | IRTC 1.5 09/01/29 | IRHYTHM TECHNOLOGIES INC | $5.1M | 0.51% | 4,107,000 | Common | SOLE |
| 87918AAF2 | TDOC 1.25 06/01/27 | TELADOC HEALTH INC | $4.9M | 0.48% | 5,235,000 | Common | SOLE |
| 92939UAR7 | WEC 4.375 06/01/29 | WEC ENERGY GROUP INC | $4.8M | 0.48% | 4,027,000 | Common | SOLE |
| 02156K103 | OPTU | ALTICE USA INC | $4.7M | 0.47% | 1,801,300 | Common | SOLE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC | $4.7M | 0.47% | 3,632,000 | Common | SOLE |
| 03040WBE4 | AWK 3.625 06/15/26 | AMERICAN WTR CAP CORP | $4.7M | 0.46% | 4,594,000 | Common | SOLE |
| 92939UAP1 | WEC 4.375 06/01/27 | WEC ENERGY GROUP INC | $4.6M | 0.46% | 3,974,000 | Common | SOLE |
| 94419LAP6 | W 3.25 09/15/27 | WAYFAIR INC | $4.6M | 0.45% | 3,434,000 | Common | SOLE |
| 819047AB7 | SHAK 0 03/01/28 | SHAKE SHACK INC | $4.5M | 0.45% | 4,368,000 | Common | SOLE |
| 76954AAD5 | RIVN 3.625 10/15/30 | RIVIAN AUTOMOTIVE INC | $4.5M | 0.44% | 4,963,000 | Common | SOLE |
| 387328AF4 | GVA 3.25 06/15/30 | GRANITE CONSTR INC | $4.4M | 0.44% | 3,138,000 | Common | SOLE |
| 04351PAD3 | ASND 2.25 04/01/28 | ASCENDIS PHARMA A/S | $3.7M | 0.37% | 2,843,000 | Common | SOLE |
| 50202MAB8 | LI 0.25 05/01/28 | LI AUTO INC | $3.4M | 0.34% | 2,934,000 | Common | SOLE |
| 18453H106 | CCO | CLEAR CHANNEL OUTDOOR HLDGS | $3.1M | 0.31% | 2,954,589 | Common | SOLE |
| 018802AC2 | LNT 3.875 03/15/26 | ALLIANT ENERGY CORP | $2.9M | 0.29% | 2,670,000 | Common | SOLE |
| 59001ABF8 | MTH 1.75 05/15/28 | MERITAGE HOMES CORP | $2.8M | 0.28% | 2,783,000 | Common | SOLE |
| 86614G101 | SMC | SUMMIT MIDSTREAM CORPORATION | $2.6M | 0.26% | 102,745 | Common | SOLE |
| 596278AB7 | MIDD 1 09/01/25 | MIDDLEBY CORP | $2.4M | 0.24% | 2,095,000 | Common | SOLE |
| 516544AB9 | LNTH 2.625 12/15/27 | LANTHEUS HLDGS INC | $2.2M | 0.22% | 1,779,000 | Common | SOLE |
| 30212PBE4 | EXPE 0 02/15/26 | EXPEDIA GROUP INC | $1.9M | 0.19% | 1,928,000 | Common | SOLE |
| 29415FAD6 | NVST 1.75 08/15/28 | ENVISTA HOLDINGS CORPORATION | $1.9M | 0.19% | 1,996,000 | Common | SOLE |
| 530715AL5 | LINTA 3.75 02/15/30 | LIBERTY MEDIA CORP DEL | $1.4M | 0.14% | 12,136,000 | Common | SOLE |
| 18915MAC1 | NET 0 08/15/26 | CLOUDFLARE INC | $1.4M | 0.13% | 1,099,000 | Common | SOLE |
| 76954AAB9 | RIVN 4.625 03/15/29 | RIVIAN AUTOMOTIVE INC | $1.1M | 0.11% | 1,126,000 | Common | SOLE |
| 62886HBD2 | NCLH 1.125 02/15/27 | NCL CORP LTD | $1.1M | 0.11% | 1,048,000 | Common | SOLE |
| 55024UAD1 | LITE 0.5 12/15/26 | LUMENTUM HLDGS INC | $1.1M | 0.11% | 864,000 | Common | SOLE |
| 337932AR8 | FE 4 05/01/26 | FIRSTENERGY CORP | $1.0M | 0.10% | 984,000 | Common | SOLE |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAMAI TECHNOLOGIES INC | $993,146 | 0.10% | 1,032,000 | Common | SOLE |
| 472145AF8 | JAZZ 2 06/15/26 | JAZZ INVESTMENTS I LTD | $967,457 | 0.10% | 939,000 | Common | SOLE |
| 94419LAR2 | W 3.5 11/15/28 | WAYFAIR INC | $888,995 | 0.09% | 548,000 | Common | SOLE |
| 682189AS4 | ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $866,561 | 0.09% | 704,000 | Common | SOLE |
| 093712AM9 | BE 3 06/01/29 | BLOOM ENERGY CORP | $784,589 | 0.08% | 395,000 | Common | SOLE |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAMAI TECHNOLOGIES INC | $742,628 | 0.07% | 784,000 | Common | SOLE |
| 82452JAB5 | FOUR 0 12/15/25 | SHIFT4 PMTS INC | $683,034 | 0.07% | 524,000 | Common | SOLE |
| 10806XAB8 | BBIO 2.5 03/15/27 | BRIDGEBIO PHARMA INC | $652,217 | 0.06% | 491,000 | Common | SOLE |
| 15189TBD8 | CNP 4.25 08/15/26 | CENTERPOINT ENERGY INC | $581,792 | 0.06% | 513,000 | Common | SOLE |
| 40637HAD1 | HALO 0.25 03/01/27 | HALOZYME THERAPEUTICS INC | $500,590 | 0.05% | 482,000 | Common | SOLE |
| 44332NAB2 | HTHT 3 05/01/26 | H WORLD GROUP LTD | $413,898 | 0.04% | 404,000 | Common | SOLE |
| 23282WAC4 | CYTK 3.5 07/01/27 | CYTOKINETICS INC | $374,906 | 0.04% | 339,000 | Common | SOLE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC | $370,931 | 0.04% | 401,000 | Common | SOLE |
| 816850AF8 | SMTC 1.625 11/01/27 | SEMTECH CORP | $367,176 | 0.04% | 239,000 | Common | SOLE |
| 477839AB0 | JBTM 0.25 05/15/26 | JBT MAREL CORPORATION | $341,207 | 0.03% | 335,000 | Common | SOLE |
| 743312AB6 | PRGS 1 04/15/26 | PROGRESS SOFTWARE CORP | $332,457 | 0.03% | 325,000 | Common | SOLE |
| 92343XAC4 | VRNT 0.25 04/15/26 | VERINT SYSTEMS INC | $177,220 | 0.02% | 182,000 | Common | SOLE |
| 84762LAZ8 | SPB 3.375 06/01/29 | SPECTRUM BRANDS INC | $169,113 | 0.02% | 185,000 | Common | SOLE |
| 57164YAD9 | VAC 0 01/15/26 | MARRIOTT VACATIONS WORLDWIDE | $130,154 | 0.01% | 134,000 | Common | SOLE |
| 55405YAB6 | MTSI 0.25 03/15/26 | MACOM TECH SOLUTIONS HLDGS I | $120,506 | 0.01% | 72,000 | Common | SOLE |
| 48123VAE2 | ZD 1.75 11/01/26 | ZIFF DAVIS INC | $105,669 | 0.01% | 110,000 | Common | SOLE |
| 462222AD2 | IONS 0 04/01/26 | IONIS PHARMACEUTICALS INC | $70,743 | 0.01% | 68,000 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $55,968 | 0.01% | 60,000 | Common | SOLE |
| 83304AAF3 | SNAP 0 05/01/27 | SNAP INC | $25,480 | 0.00% | 28,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.