SHENKMAN CAPITAL MANAGEMENT INC

Filed: 2/10/2025ACC: 0001085146-25-000929

📋 What this filing means

SHENKMAN CAPITAL MANAGEMENT INC filed this quarterly 13F‑HR report disclosing 99 equity positions with a total reported market value of $1.14B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$1.14B

Total AUM (reported)

1.02B

Total Shares

Allocation by class

NOTE 12/1$57.64M5.1%

NOTE 3/1$46.69M4.1%

NOTE 1.250% 5/0$44.62M3.9%

NOTE 0.125% 1/1$43.04M3.8%

NOTE 0.375% 9/0$41.28M3.6%

NOTE 1.250% 3/1$34.25M3.0%

NOTE 12/0$34.13M3.0%

Portfolio Concentration

Top 3$126.46M11.1%

4–10$222.65M19.5%

11–25$296.98M26.1%

Rest$493.07M43.3%

Top 3 weight

11.1%

Top 10 weight

30.6%

Voting Authority Distribution

Total shares with voting rights: 1.02B

Sole

Full voting authority

1.02B

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole99

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings99

Rows:

SOUTHWEST AIRLS CO

SOLE

NOTE 1.250% 5/0

Shares42.94M

TypePRN

Market value$44.62M

3.92%

Sole

42.94M

Shared

0.00

None

0.00

BENTLEY SYS INC

SOLE

NOTE 0.125% 1/1

Shares43.42M

TypePRN

Market value$43.04M

3.78%

Sole

43.42M

Shared

0.00

None

0.00

UBER TECHNOLOGIES INC

SOLE

NOTE 12/1

Shares37.59M

TypePRN

Market value$38.80M

3.41%

Sole

37.59M

Shared

0.00

None

0.00

RAPID7 INC

SOLE

NOTE 1.250% 3/1

Shares35.02M

TypePRN

Market value$34.25M

3.01%

Sole

35.02M

Shared

0.00

None

0.00

DIGITALOCEAN HLDGS INC

SOLE

NOTE 12/0

Shares38.24M

TypePRN

Market value$34.13M

3.00%

Sole

38.24M

Shared

0.00

None

0.00

ECHOSTAR CORP

SOLE

NOTE 3.875%11/3

Shares30.36M

TypePRN

Market value$32.42M

2.85%

Sole

30.36M

Shared

0.00

None

0.00

GUARDANT HEALTH INC

SOLE

NOTE 11/1

Shares37.79M

TypePRN

Market value$32.09M

2.82%

Sole

37.79M

Shared

0.00

None

0.00

ITRON INC

SOLE

NOTE 3/1

Shares29.98M

TypePRN

Market value$31.76M

2.79%

Sole

29.98M

Shared

0.00

None

0.00

TELADOC HEALTH INC

SOLE

NOTE 1.250% 6/0

Shares33.23M

TypePRN

Market value$29.37M

2.58%

Sole

33.23M

Shared

0.00

None

0.00

SHIFT4 PMTS INC

SOLE

NOTE 0.500% 8/0

Shares25.88M

TypePRN

Market value$28.63M

2.51%

Sole

25.88M

Shared

0.00

None

0.00

ETSY INC

SOLE

NOTE 0.125%10/0

Shares24.72M

TypePRN

Market value$24.52M

2.15%

Sole

24.72M

Shared

0.00

None

0.00

INVESCO EXCH TRADED FD TR II

SOLE

SR LN ETF

Shares1.08M

TypeSH

Market value$22.87M

2.01%

Sole

1.08M

Shared

0.00

None

0.00

DROPBOX INC

SOLE

NOTE 3/0

Shares21.02M

TypePRN

Market value$22.11M

1.94%

Sole

21.02M

Shared

0.00

None

0.00

DATADOG INC

SOLE

NOTE 0.125% 6/1

Shares13.76M

TypePRN

Market value$22.10M

1.94%

Sole

13.76M

Shared

0.00

None

0.00

INSULET CORP

SOLE

NOTE 0.375% 9/0

Shares16.86M

TypePRN

Market value$21.97M

1.93%

Sole

16.86M

Shared

0.00

None

0.00

ZSCALER INC

SOLE

NOTE 0.125% 7/0

Shares15.72M

TypePRN

Market value$20.31M

1.78%

Sole

15.72M

Shared

0.00

None

0.00

IONIS PHARMACEUTICALS INC

SOLE

NOTE 1.750% 6/1

Shares19.50M

TypePRN

Market value$19.85M

1.74%

Sole

19.50M

Shared

0.00

None

0.00

AKAMAI TECHNOLOGIES INC

SOLE

NOTE 0.375% 9/0

Shares18.65M

TypePRN

Market value$19.31M

1.70%

Sole

18.65M

Shared

0.00

None

0.00

WAYFAIR INC

SOLE

NOTE 3.250% 9/1

Shares17M

TypePRN

Market value$18.97M

1.67%

Sole

17M

Shared

0.00

None

0.00

SHIFT4 PMTS INC

SOLE

NOTE 12/1

Shares13.56M

TypePRN

Market value$18.84M

1.65%

Sole

13.56M

Shared

0.00

None

0.00

WORKIVA INC

SOLE

NOTE 1.250% 8/1

Shares15.78M

TypePRN

Market value$17.47M

1.53%

Sole

15.78M

Shared

0.00

None

0.00

DEXCOM INC

SOLE

NOTE 0.375% 5/1

Shares18.91M

TypePRN

Market value$17.46M

1.53%

Sole

18.91M

Shared

0.00

None

0.00

ALNYLAM PHARMACEUTICALS INC

SOLE

NOTE 1.000% 9/1

Shares15.74M

TypePRN

Market value$17.41M

1.53%

Sole

15.74M

Shared

0.00

None

0.00

ON SEMICONDUCTOR CORP

SOLE

NOTE 0.500% 3/0

Shares17.52M

TypePRN

Market value$17.06M

1.50%

Sole

17.52M

Shared

0.00

None

0.00

NCL CORP LTD

SOLE

NOTE 1.125% 2/1

Shares15.48M

TypePRN

Market value$16.73M

1.47%

Sole

15.48M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
SOUTHWEST AIRLS COSOLE	NOTE 1.250% 5/0	42.94M	PRN	$44.62M 3.92%	42.94M
BENTLEY SYS INCSOLE	NOTE 0.125% 1/1	43.42M	PRN	$43.04M 3.78%	43.42M
UBER TECHNOLOGIES INCSOLE	NOTE 12/1	37.59M	PRN	$38.80M 3.41%	37.59M
RAPID7 INCSOLE	NOTE 1.250% 3/1	35.02M	PRN	$34.25M 3.01%	35.02M
DIGITALOCEAN HLDGS INCSOLE	NOTE 12/0	38.24M	PRN	$34.13M 3.00%	38.24M
ECHOSTAR CORPSOLE	NOTE 3.875%11/3	30.36M	PRN	$32.42M 2.85%	30.36M
GUARDANT HEALTH INCSOLE	NOTE 11/1	37.79M	PRN	$32.09M 2.82%	37.79M
ITRON INCSOLE	NOTE 3/1	29.98M	PRN	$31.76M 2.79%	29.98M
TELADOC HEALTH INCSOLE	NOTE 1.250% 6/0	33.23M	PRN	$29.37M 2.58%	33.23M
SHIFT4 PMTS INCSOLE	NOTE 0.500% 8/0	25.88M	PRN	$28.63M 2.51%	25.88M
ETSY INCSOLE	NOTE 0.125%10/0	24.72M	PRN	$24.52M 2.15%	24.72M
INVESCO EXCH TRADED FD TR IISOLE	SR LN ETF	1.08M	SH	$22.87M 2.01%	1.08M
DROPBOX INCSOLE	NOTE 3/0	21.02M	PRN	$22.11M 1.94%	21.02M
DATADOG INCSOLE	NOTE 0.125% 6/1	13.76M	PRN	$22.10M 1.94%	13.76M
INSULET CORPSOLE	NOTE 0.375% 9/0	16.86M	PRN	$21.97M 1.93%	16.86M
ZSCALER INCSOLE	NOTE 0.125% 7/0	15.72M	PRN	$20.31M 1.78%	15.72M
IONIS PHARMACEUTICALS INCSOLE	NOTE 1.750% 6/1	19.50M	PRN	$19.85M 1.74%	19.50M
AKAMAI TECHNOLOGIES INCSOLE	NOTE 0.375% 9/0	18.65M	PRN	$19.31M 1.70%	18.65M
WAYFAIR INCSOLE	NOTE 3.250% 9/1	17M	PRN	$18.97M 1.67%	17M
SHIFT4 PMTS INCSOLE	NOTE 12/1	13.56M	PRN	$18.84M 1.65%	13.56M
WORKIVA INCSOLE	NOTE 1.250% 8/1	15.78M	PRN	$17.47M 1.53%	15.78M
DEXCOM INCSOLE	NOTE 0.375% 5/1	18.91M	PRN	$17.46M 1.53%	18.91M
ALNYLAM PHARMACEUTICALS INCSOLE	NOTE 1.000% 9/1	15.74M	PRN	$17.41M 1.53%	15.74M
ON SEMICONDUCTOR CORPSOLE	NOTE 0.500% 3/0	17.52M	PRN	$17.06M 1.50%	17.52M
NCL CORP LTDSOLE	NOTE 1.125% 2/1	15.48M	PRN	$16.73M 1.47%	15.48M

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