SHENKMAN CAPITAL MANAGEMENT INC Q4 2025 Filing
Filed February 10, 2026
Portfolio Value
$947.8M
Holdings
97
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (97 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | BKLNINVESCO EXCH TRADED FD TR II | 2,889,660 | $62.6M | 6.61% | |
| 2 | ETSY 0.25 06/15/28ETSY INC | 56,775,000 | $50.9M | 5.37% | |
| 3 | USHYISHARES TR | 1,280,225 | $48.1M | 5.08% | |
| 4 | SJNKSPDR SERIES TRUST | 1,443,140 | $37.5M | 3.96% | |
| 5 | PSN 2.625 03/01/29PARSONS CORP DEL | 28,005,000 | $30.7M | 3.24% | |
| 6 | UNIT 7.5 12/01/27UNITI GROUP LLC | 23,315,000 | $26.8M | 2.83% | |
| 7 | DUK 4.125 04/15/26DUKE ENERGY CORP NEW | 24,688,000 | $25.9M | 2.73% | |
| 8 | DBX 0 03/01/28DROPBOX INC | 21,517,000 | $22.0M | 2.32% | |
| 9 | SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC | 23,793,000 | $21.9M | 2.31% | |
| 10 | DDOG 0 12/01/29DATADOG INC | 19,012,000 | $19.4M | 2.05% | |
| 11 | BL 1 06/01/29BLACKLINE INC | 16,966,000 | $18.2M | 1.92% | |
| 12 | GPN 1.5 03/01/31GLOBAL PMTS INC | 19,524,000 | $17.9M | 1.89% | |
| 13 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 11,126,000 | $17.2M | 1.82% | |
| 14 | ON 0.5 03/01/29ON SEMICONDUCTOR CORP | 16,920,000 | $16.3M | 1.72% | |
| 15 | DOCN 0 12/01/26DIGITALOCEAN HLDGS INC | 16,732,000 | $16.2M | 1.71% | |
| 16 | AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC | 15,560,000 | $15.7M | 1.66% | |
| 17 | MSTR 0 12/01/29STRATEGY INC | 19,000,000 | $15.6M | 1.65% | |
| 18 | ITRI 0 03/15/26ITRON INC | 15,671,000 | $15.5M | 1.64% | |
| 19 | FE 4 05/01/26FIRSTENERGY CORP | 14,623,000 | $15.1M | 1.59% | |
| 20 | JD 0.25 06/01/29JD.COM INC | 14,749,000 | $14.7M | 1.55% | |
| 21 | VRNS 1 09/15/29VARONIS SYS INC | 15,600,000 | $14.7M | 1.55% | |
| 22 | MKSI 1.25 06/01/30MKS INC. | 10,983,000 | $14.2M | 1.50% | |
| 23 | BAC 0.6 05/25/27 MTNBOFA FIN LLC | 12,896,000 | $14.1M | 1.49% | |
| 24 | CMS 3.375 05/01/28CMS ENERGY CORP | 11,597,000 | $12.5M | 1.32% | |
| 25 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC | 10,707,000 | $12.4M | 1.31% | |
| 26 | ENOV 3.875 10/15/28ENOVIS CORPORATION | 12,112,000 | $12.2M | 1.29% | |
| 27 | RDFN 0.5 04/01/27REDFIN CORP | 12,041,000 | $11.3M | 1.20% | |
| 28 | SABHLD 7.32 08/01/26SABRE GLBL INC | 10,775,000 | $11.3M | 1.20% | |
| 29 | RGEN 1 12/15/28REPLIGEN CORP | 10,114,000 | $11.3M | 1.19% | |
| 30 | RIVN 3.625 10/15/30RIVIAN AUTOMOTIVE INC | 9,519,000 | $10.8M | 1.14% | |
| 31 | FLR 1.125 08/15/29FLUOR CORP | 9,062,000 | $10.7M | 1.13% | |
| 32 | NTNX 0.5 12/15/29NUTANIX INC | 10,749,000 | $10.6M | 1.12% | |
| 33 | TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST | 10,129,000 | $10.5M | 1.11% | |
| 34 | NEENEXTERA ENERGY CAP HLDGS INC | 8,198,000 | $10.4M | 1.10% | |
| 35 | GBX 2.875 04/15/28GREENBRIER COS INC | 9,047,000 | $10.0M | 1.05% | |
| 36 | SIRI 3.75 03/15/28LIBERTY MEDIA CORP DEL | 9,408,000 | $9.8M | 1.03% | |
| 37 | TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC | 6,662,000 | $9.8M | 1.03% | |
| 38 | TTEK 2.25 08/15/28TETRA TECH INC NEW | 8,656,000 | $9.7M | 1.03% | |
| 39 | LIVN 2.5 03/15/29LIVANOVA PLC | 7,969,000 | $9.5M | 1.00% | |
| 40 | ITRI 1.375 07/15/30ITRON INC | 8,622,000 | $8.9M | 0.94% | |
| 41 | WKC 3.25 07/01/28WORLD KINECT CORPORATION | 8,059,000 | $8.8M | 0.93% | |
| 42 | TNDM 1.5 03/15/29 2024TANDEM DIABETES CARE INC | 7,947,000 | $8.3M | 0.88% | |
| 43 | SEI 0.25 10/01/31SOLARIS ENERGY INFRAS INC | 7,500,000 | $8.3M | 0.87% | |
| 44 | VAC 3.25 12/15/27MARRIOTT VACATIONS WORLDWIDE | 8,529,000 | $8.1M | 0.86% | |
| 45 | BOX 1.5 09/15/29BOX INC | 8,091,000 | $7.9M | 0.84% | |
| 46 | EVRG 4.5 12/15/27EVERGY INC | 6,339,000 | $7.9M | 0.83% | |
| 47 | VERX 0.75 05/01/29VERTEX INC | 7,973,000 | $7.7M | 0.82% | |
| 48 | ALHC 4.25 11/15/29ALIGNMENT HEALTHCARE INC | 4,954,000 | $7.7M | 0.81% | |
| 49 | ORA 2.5 07/15/27ORMAT TECHNOLOGIES INC | 5,481,000 | $7.6M | 0.80% | |
| 50 | WK 1.25 08/15/28WORKIVA INC | 7,357,000 | $7.5M | 0.79% | |
| 51 | NOG 3.625 04/15/29NORTHERN OIL & GAS INC | 7,339,000 | $7.3M | 0.77% | |
| 52 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC | 7,437,000 | $6.9M | 0.73% | |
| 53 | CCOCLEAR CHANNEL OUTDOOR HLDGS | 2,954,589 | $6.5M | 0.69% | |
| 54 | GWRE 1.25 11/01/29GUIDEWIRE SOFTWARE INC | 5,758,000 | $6.5M | 0.68% | |
| 55 | SYNA 0.75 12/01/31SYNAPTICS INC | 5,922,000 | $6.4M | 0.67% | |
| 56 | FWONK 2.25 08/15/27LIBERTY MEDIA CORP DEL | 4,853,000 | $6.3M | 0.66% | |
| 57 | LYV 2.875 01/15/30LIVE NATION ENTERTAINMENT IN | 5,561,000 | $6.2M | 0.65% | |
| 58 | FLNC 2.25 06/15/30FLUENCE ENERGY INC | 5,000,000 | $6.1M | 0.65% | |
| 59 | POST 2.5 08/15/27POST HLDGS INC | 5,415,000 | $6.0M | 0.63% | |
| 60 | AEIS 2.5 09/15/28ADVANCED ENERGY INDS | 3,536,000 | $5.9M | 0.62% | |
| 61 | SO 4.5 06/15/27SOUTHERN CO | 5,093,000 | $5.5M | 0.58% | |
| 62 | AVAV 0 07/15/30AEROVIRONMENT INC | 4,418,000 | $4.9M | 0.52% | |
| 63 | BSY 0.125 01/15/26BENTLEY SYS INC | 4,840,000 | $4.8M | 0.51% | |
| 64 | PPL 2.875 03/15/28PPL CAP FDG INC | 3,599,000 | $4.0M | 0.42% | |
| 65 | MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC. | 3,975,000 | $3.8M | 0.40% | |
| 66 | UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC | 2,746,000 | $3.6M | 0.38% | |
| 67 | WEC 4.375 06/01/27WEC ENERGY GROUP INC | 3,024,000 | $3.4M | 0.36% | |
| 68 | COIN 0.5 06/01/26COINBASE GLOBAL INC | 3,250,000 | $3.3M | 0.34% | |
| 69 | MARA 0 06/01/31MARA HOLDINGS INC | 3,807,000 | $3.2M | 0.34% | |
| 70 | WEC 4.375 06/01/29WEC ENERGY GROUP INC | 2,336,000 | $2.7M | 0.29% | |
| 71 | VTR 3.75 06/01/26VENTAS RLTY LTD PARTNERSHIP | 1,932,000 | $2.7M | 0.29% | |
| 72 | JAZZ 3.125 09/15/30JAZZ INVESTMENTS I LTD | 1,782,000 | $2.4M | 0.25% | |
| 73 | NVST 1.75 08/15/28ENVISTA HOLDINGS CORPORATION | 2,426,000 | $2.4M | 0.25% | |
| 74 | COIN 0.25 04/01/30COINBASE GLOBAL INC | 2,276,000 | $2.3M | 0.25% | |
| 75 | LYFT 0.625 03/01/29LYFT INC | 1,801,000 | $2.2M | 0.23% | |
| 76 | LNT 3.875 03/15/26ALLIANT ENERGY CORP | 2,025,000 | $2.1M | 0.22% | |
| 77 | TE 5.25 12/01/30T1 ENERGY INC | 1,500,000 | $2.0M | 0.21% | |
| 78 | F 0 03/15/26FORD MTR CO | 1,835,000 | $1.9M | 0.20% | |
| 79 | JBTM 0.25 05/15/26JBT MAREL CORPORATION | 1,783,000 | $1.8M | 0.20% | |
| 80 | TCOM 0.75 06/15/29TRIP COM GROUP LTD | 1,233,000 | $1.5M | 0.16% | |
| 81 | OPTUOPTIMUM COMMUNICATIONS INC | 863,189 | $1.4M | 0.15% | |
| 82 | HAE 2.5 06/01/29HAEMONETICS CORP MASS | 1,323,000 | $1.4M | 0.15% | |
| 83 | CNP 4.25 08/15/26CENTERPOINT ENERGY INC | 1,013,000 | $1.1M | 0.12% | |
| 84 | LINTA 3.75 02/15/30LIBERTY MEDIA CORP DEL | 11,248,000 | $946K | 0.10% | |
| 85 | MARA 0 03/01/30MARA HOLDINGS INC | 1,088,000 | $858K | 0.09% | |
| 86 | JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD | 639,000 | $741K | 0.08% | |
| 87 | ASND 2.25 04/01/28ASCENDIS PHARMA A/S | 439,000 | $626K | 0.07% | |
| 88 | HTHT 3 05/01/26H WORLD GROUP LTD | 404,000 | $517K | 0.05% | |
| 89 | BSY 0.375 07/01/27BENTLEY SYS INC | 525,000 | $496K | 0.05% | |
| 90 | CYTK 3.5 07/01/27CYTOKINETICS INC | 339,000 | $489K | 0.05% | |
| 91 | LNTH 2.625 12/15/27LANTHEUS HLDGS INC | 377,000 | $433K | 0.05% | |
| 92 | AFRM 0.75 12/15/29AFFIRM HLDGS INC | 327,000 | $362K | 0.04% | |
| 93 | PRGSPROGRESS SOFTWARE CORP | 325,000 | $324K | 0.03% | |
| 94 | NBR 1.75 06/15/29NABORS INDS INC | 300,000 | $244K | 0.03% | |
| 95 | JBLU 2.5 09/01/29JETBLUE AIRWAYS CORP | 188,000 | $184K | 0.02% | |
| 96 | VAC 0 01/15/26MARRIOTT VACATIONS WORLDWIDE | 78,000 | $77K | 0.01% | |
| 97 | GME/WSGAMESTOP CORP NEW | 19,614 | $59K | 0.01% |