SHENKMAN CAPITAL MANAGEMENT INC Q3 2025 Filing
Filed November 10, 2025
Portfolio Value
$1.0T
Holdings
123
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (123 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | ETSY 0.25 06/15/28ETSY INC | 66,215,000 | $58.7B | 5.77% | |
| 2 | UNIT 7.5 12/01/27UNITI GROUP LLC | 37,773,000 | $42.9B | 4.22% | |
| 3 | BKLNINVESCO EXCH TRADED FD TR II | 1,907,890 | $39.9B | 3.93% | |
| 4 | DUK 4.125 04/15/26DUKE ENERGY CORP NEW | 30,181,000 | $33.2B | 3.26% | |
| 5 | SNAP 0.5 05/01/30SNAP INC | 28,421,000 | $24.6B | 2.41% | |
| 6 | SO 4.5 06/15/27SOUTHERN CO | 21,723,000 | $24.5B | 2.41% | |
| 7 | CMS 3.375 05/01/28CMS ENERGY CORP | 21,293,000 | $23.7B | 2.33% | |
| 8 | GPN 1.5 03/01/31GLOBAL PMTS INC | 24,639,000 | $22.9B | 2.25% | |
| 9 | VRNS 1 09/15/29VARONIS SYS INC | 18,188,000 | $20.0B | 1.97% | |
| 10 | DOCN 0 12/01/26DIGITALOCEAN HLDGS INC | 19,044,000 | $18.0B | 1.77% | |
| 11 | FE 4 05/01/26FIRSTENERGY CORP | 15,984,000 | $16.9B | 1.66% | |
| 12 | GH 1.25 02/15/31GUARDANT HEALTH INC | 11,530,000 | $15.1B | 1.48% | |
| 13 | DBX 0 03/01/28DROPBOX INC | 14,349,000 | $15.1B | 1.48% | |
| 14 | MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC. | 15,048,000 | $14.9B | 1.46% | |
| 15 | SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC | 14,378,000 | $14.8B | 1.46% | |
| 16 | BL 1 06/01/29BLACKLINE INC | 13,853,000 | $14.7B | 1.45% | |
| 17 | BOX 1.5 09/15/29BOX INC | 13,887,000 | $14.2B | 1.40% | |
| 18 | BAC 0.6 05/25/27 MTNBOFA FIN LLC | 14,054,000 | $14.1B | 1.39% | |
| 19 | BSY 0.125 01/15/26BENTLEY SYS INC | 13,741,000 | $13.9B | 1.36% | |
| 20 | NEENEXTERA ENERGY CAP HLDGS INC | 11,110,000 | $13.3B | 1.31% | |
| 21 | SATS 3.875 11/30/30ECHOSTAR CORP | 5,268,888 | $13.2B | 1.30% | |
| 22 | JAZZ 3.125 09/15/30JAZZ INVESTMENTS I LTD | 10,620,000 | $12.9B | 1.27% | |
| 23 | JD 0.25 06/01/29JD.COM INC | 11,987,000 | $12.9B | 1.26% | |
| 24 | ON 0.5 03/01/29ON SEMICONDUCTOR CORP | 13,271,000 | $12.5B | 1.23% | |
| 25 | MKSI 1.25 06/01/30MKS INC. | 11,102,000 | $12.4B | 1.22% | |
| 26 | CSGS 3.875 09/15/28CSG SYS INTL INC | 10,951,000 | $12.4B | 1.22% | |
| 27 | USHYISHARES TR | 320,900 | $12.1B | 1.19% | |
| 28 | PSN 2.625 03/01/29PARSONS CORP DEL | 10,122,000 | $12.0B | 1.18% | |
| 29 | POST 2.5 08/15/27POST HLDGS INC | 10,200,000 | $11.7B | 1.15% | |
| 30 | HAE 2.5 06/01/29HAEMONETICS CORP MASS | 12,141,000 | $11.6B | 1.14% | |
| 31 | FLR 1.125 08/15/29FLUOR CORP | 9,284,000 | $11.5B | 1.13% | |
| 32 | RDFN 0.5 04/01/27REDFIN CORP | 12,041,000 | $11.2B | 1.10% | |
| 33 | SABHLD 7.32 08/01/26SABRE GLBL INC | 10,798,000 | $11.2B | 1.10% | |
| 34 | ENOV 3.875 10/15/28ENOVIS CORPORATION | 10,722,000 | $11.0B | 1.08% | |
| 35 | TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST | 9,716,000 | $10.9B | 1.07% | |
| 36 | EVRG 4.5 12/15/27EVERGY INC | 8,314,000 | $10.7B | 1.06% | |
| 37 | ITRI 1.375 07/15/30ITRON INC | 9,119,000 | $10.7B | 1.05% | |
| 38 | FOUR 0.5 08/01/27SHIFT4 PMTS INC | 10,444,000 | $10.5B | 1.03% | |
| 39 | NBR 1.75 06/15/29NABORS INDS INC | 12,850,000 | $10.3B | 1.01% | |
| 40 | TTEK 2.25 08/15/28TETRA TECH INC NEW | 9,107,000 | $10.2B | 1.00% | |
| 41 | GBX 2.875 04/15/28GREENBRIER COS INC | 9,154,000 | $10.1B | 0.99% | |
| 42 | F 0 03/15/26FORD MTR CO | 9,848,000 | $10.1B | 0.99% | |
| 43 | RGEN 1 12/15/28REPLIGEN CORP | 9,469,000 | $9.8B | 0.96% | |
| 44 | SIRI 3.75 03/15/28LIBERTY MEDIA CORP DEL | 8,866,000 | $9.5B | 0.93% | |
| 45 | ORA 2.5 07/15/27ORMAT TECHNOLOGIES INC | 7,641,000 | $9.4B | 0.93% | |
| 46 | VERX 0.75 05/01/29VERTEX INC | 8,935,000 | $9.3B | 0.91% | |
| 47 | UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC | 6,093,000 | $9.0B | 0.88% | |
| 48 | VAC 3.25 12/15/27MARRIOTT VACATIONS WORLDWIDE | 9,191,000 | $8.9B | 0.87% | |
| 49 | PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP | 8,321,000 | $8.6B | 0.85% | |
| 50 | WKC 3.25 07/01/28WORLD KINECT CORPORATION | 7,589,000 | $8.6B | 0.84% | |
| 51 | AVAV 0 07/15/30AEROVIRONMENT INC | 6,650,000 | $8.4B | 0.83% | |
| 52 | LIVN 2.5 03/15/29LIVANOVA PLC | 7,612,000 | $8.4B | 0.82% | |
| 53 | ITRI 0 03/15/26ITRON INC | 7,650,000 | $8.1B | 0.80% | |
| 54 | SJNKSPDR SERIES TRUST | 300,045 | $7.7B | 0.76% | |
| 55 | VTR 3.75 06/01/26VENTAS RLTY LTD PARTNERSHIP | 5,644,000 | $7.5B | 0.74% | |
| 56 | TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC | 6,237,000 | $7.2B | 0.71% | |
| 57 | NOG 3.625 04/15/29NORTHERN OIL & GAS INC | 6,899,000 | $7.2B | 0.71% | |
| 58 | IONS 1.75 06/15/28IONIS PHARMACEUTICALS INC | 5,058,000 | $7.1B | 0.70% | |
| 59 | WK 1.25 08/15/28WORKIVA INC | 6,956,000 | $7.0B | 0.69% | |
| 60 | UBER 0 12/15/25UBER TECHNOLOGIES INC | 5,694,000 | $6.9B | 0.68% | |
| 61 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC | 6,740,000 | $6.8B | 0.67% | |
| 62 | UGI 5 06/01/28UGI CORP NEW | 5,135,000 | $6.8B | 0.67% | |
| 63 | TNDM 1.5 03/15/29 2024TANDEM DIABETES CARE INC | 7,451,000 | $6.7B | 0.66% | |
| 64 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC | 6,995,000 | $6.5B | 0.64% | |
| 65 | FWONK 2.25 08/15/27LIBERTY MEDIA CORP DEL | 4,669,000 | $6.3B | 0.62% | |
| 66 | MTH 1.75 05/15/28MERITAGE HOMES CORP | 5,918,000 | $6.2B | 0.61% | |
| 67 | AEIS 2.5 09/15/28ADVANCED ENERGY INDS | 4,148,000 | $5.8B | 0.57% | |
| 68 | TCOM 0.75 06/15/29TRIP COM GROUP LTD | 4,543,000 | $5.8B | 0.57% | |
| 69 | RIG 4.625 09/30/29 *TRANSOCEAN INC | 4,506,000 | $5.4B | 0.53% | |
| 70 | PPL 2.875 03/15/28PPL CAP FDG INC | 4,734,000 | $5.4B | 0.53% | |
| 71 | RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC | 5,343,000 | $5.1B | 0.50% | |
| 72 | WEC 4.375 06/01/27WEC ENERGY GROUP INC | 3,974,000 | $4.8B | 0.47% | |
| 73 | CCOCLEAR CHANNEL OUTDOOR HLDGS | 2,954,589 | $4.7B | 0.46% | |
| 74 | AWK 3.625 06/15/26AMERICAN WTR CAP CORP | 4,594,000 | $4.7B | 0.46% | |
| 75 | TDOC 1.25 06/01/27TELADOC HEALTH INC | 4,795,000 | $4.5B | 0.44% | |
| 76 | SHAK 0 03/01/28SHAKE SHACK INC | 4,574,000 | $4.4B | 0.44% | |
| 77 | WEC 4.375 06/01/29WEC ENERGY GROUP INC | 3,571,000 | $4.4B | 0.44% | |
| 78 | ASND 2.25 04/01/28ASCENDIS PHARMA A/S | 3,136,000 | $4.4B | 0.43% | |
| 79 | OPTUALTICE USA INC | 1,801,300 | $4.4B | 0.43% | |
| 80 | LI 0.25 05/01/28LI AUTO INC | 3,822,000 | $4.4B | 0.43% | |
| 81 | HALO 0.25 03/01/27HALOZYME THERAPEUTICS INC | 3,602,000 | $4.2B | 0.41% | |
| 82 | OSIS 2.25 08/01/29OSI SYSTEMS INC | 2,543,000 | $3.8B | 0.37% | |
| 83 | AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC | 3,899,000 | $3.7B | 0.37% | |
| 84 | ALRM 2.25 06/01/29ALARM COM HLDGS INC | 3,412,000 | $3.4B | 0.33% | |
| 85 | LNTH 2.625 12/15/27LANTHEUS HLDGS INC | 3,009,000 | $3.3B | 0.32% | |
| 86 | LITE 0.5 06/15/28LUMENTUM HLDGS INC | 2,074,000 | $2.9B | 0.28% | |
| 87 | LNT 3.875 03/15/26ALLIANT ENERGY CORP | 2,670,000 | $2.9B | 0.28% | |
| 88 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 1,517,000 | $2.8B | 0.27% | |
| 89 | COIN 0.25 04/01/30COINBASE GLOBAL INC | 1,826,000 | $2.3B | 0.23% | |
| 90 | LYFT 0.625 03/01/29LYFT INC | 1,705,000 | $2.3B | 0.22% | |
| 91 | SMCSUMMIT MIDSTREAM CORPORATION | 96,723 | $2.0B | 0.20% | |
| 92 | COIN 0.5 06/01/26COINBASE GLOBAL INC | 1,750,000 | $1.9B | 0.19% | |
| 93 | EXPE 0 02/15/26EXPEDIA GROUP INC | 1,928,000 | $1.9B | 0.19% | |
| 94 | NVST 1.75 08/15/28ENVISTA HOLDINGS CORPORATION | 1,996,000 | $1.9B | 0.19% | |
| 95 | HALO 1 08/15/28HALOZYME THERAPEUTICS INC | 900,000 | $1.3B | 0.12% | |
| 96 | LINTA 3.75 02/15/30LIBERTY MEDIA CORP DEL | 12,136,000 | $1.2B | 0.12% | |
| 97 | RIVN 4.625 03/15/29RIVIAN AUTOMOTIVE INC | 1,126,000 | $1.2B | 0.12% | |
| 98 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 1,137,000 | $1.1B | 0.11% | |
| 99 | NCLH 1.125 02/15/27NCL CORP LTD | 1,048,000 | $1.1B | 0.11% | |
| 100 | JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD | 939,000 | $1.0B | 0.10% |
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