SHENKMAN CAPITAL MANAGEMENT INC

Filed: 11/10/2025ACC: 0001275228-25-000002

📋 What this filing means

SHENKMAN CAPITAL MANAGEMENT INC filed this quarterly 13F‑HR report disclosing 123 equity positions with a total reported market value of $1.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

123

Positions

$1.02B

Total AUM (reported)

898.39M

Total Shares

Allocation by class

NOTE 0.250% 6/1$58.70M5.8%

NOTE 7.500%12/0$42.87M4.2%

SR LN ETF$39.93M3.9%

NOTE 4.125% 4/1$33.21M3.3%

NOTE 0.500% 5/0$24.55M2.4%

NOTE 4.500% 6/1$24.49M2.4%

NOTE 3.375% 5/0$23.67M2.3%

Portfolio Concentration

Top 3$141.50M13.9%

4–10$166.83M16.4%

11–25$210.93M20.7%

Rest$497.83M48.9%

Top 3 weight

13.9%

Top 10 weight

30.3%

Voting Authority Distribution

Total shares with voting rights: 898.39M

Sole

Full voting authority

898.39M

% 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)

Sole123

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings123

Rows:

ETSY INC

SOLE

NOTE 0.250% 6/1

Shares66.22M

TypePRN

Market value$58.70M

5.77%

Sole

66.22M

Shared

0.00

None

0.00

UNITI GROUP LLC

SOLE

NOTE 7.500%12/0

Shares37.77M

TypePRN

Market value$42.87M

4.22%

Sole

37.77M

Shared

0.00

None

0.00

INVESCO EXCH TRADED FD TR II

SOLE

SR LN ETF

Shares1.91M

TypeSH

Market value$39.93M

3.93%

Sole

1.91M

Shared

0.00

None

0.00

DUKE ENERGY CORP NEW

SOLE

NOTE 4.125% 4/1

Shares30.18M

TypePRN

Market value$33.21M

3.26%

Sole

30.18M

Shared

0.00

None

0.00

SNAP INC

SOLE

NOTE 0.500% 5/0

Shares28.42M

TypePRN

Market value$24.55M

2.41%

Sole

28.42M

Shared

0.00

None

0.00

SOUTHERN CO

SOLE

NOTE 4.500% 6/1

Shares21.72M

TypePRN

Market value$24.49M

2.41%

Sole

21.72M

Shared

0.00

None

0.00

CMS ENERGY CORP

SOLE

NOTE 3.375% 5/0

Shares21.29M

TypePRN

Market value$23.67M

2.33%

Sole

21.29M

Shared

0.00

None

0.00

GLOBAL PMTS INC

SOLE

NOTE 1.500% 3/0

Shares24.64M

TypePRN

Market value$22.91M

2.25%

Sole

24.64M

Shared

0.00

None

0.00

VARONIS SYS INC

SOLE

NOTE 1.000% 9/1

Shares18.19M

TypePRN

Market value$20.02M

1.97%

Sole

18.19M

Shared

0.00

None

0.00

DIGITALOCEAN HLDGS INC

SOLE

NOTE 12/0

Shares19.04M

TypePRN

Market value$17.99M

1.77%

Sole

19.04M

Shared

0.00

None

0.00

FIRSTENERGY CORP

SOLE

NOTE 4.000% 5/0

Shares15.98M

TypePRN

Market value$16.89M

1.66%

Sole

15.98M

Shared

0.00

None

0.00

GUARDANT HEALTH INC

SOLE

DEBT 1.250% 2/1

Shares11.53M

TypePRN

Market value$15.10M

1.48%

Sole

11.53M

Shared

0.00

None

0.00

DROPBOX INC

SOLE

NOTE 3/0

Shares14.35M

TypePRN

Market value$15.10M

1.48%

Sole

14.35M

Shared

0.00

None

0.00

MICROCHIP TECHNOLOGY INC.

SOLE

NOTE 0.750% 6/0

Shares15.05M

TypePRN

Market value$14.89M

1.46%

Sole

15.05M

Shared

0.00

None

0.00

SUPER MICRO COMPUTER INC

SOLE

NOTE 3.500% 3/0

Shares14.38M

TypePRN

Market value$14.82M

1.46%

Sole

14.38M

Shared

0.00

None

0.00

BLACKLINE INC

SOLE

NOTE 1.000% 6/0

Shares13.85M

TypePRN

Market value$14.72M

1.45%

Sole

13.85M

Shared

0.00

None

0.00

BOX INC

SOLE

NOTE 1.500% 9/1

Shares13.89M

TypePRN

Market value$14.23M

1.40%

Sole

13.89M

Shared

0.00

None

0.00

BOFA FIN LLC

SOLE

MTNF 0.600% 5/2

Shares14.05M

TypePRN

Market value$14.13M

1.39%

Sole

14.05M

Shared

0.00

None

0.00

BENTLEY SYS INC

SOLE

NOTE 0.125% 1/1

Shares13.74M

TypePRN

Market value$13.85M

1.36%

Sole

13.74M

Shared

0.00

None

0.00

NEXTERA ENERGY CAP HLDGS INC

SOLE

NOTE 3.000% 3/0

Shares11.11M

TypePRN

Market value$13.33M

1.31%

Sole

11.11M

Shared

0.00

None

0.00

ECHOSTAR CORP

SOLE

NOTE 3.875%11/3

Shares5.27M

TypePRN

Market value$13.23M

1.30%

Sole

5.27M

Shared

0.00

None

0.00

JAZZ INVESTMENTS I LTD

SOLE

NOTE 3.125% 9/1

Shares10.62M

TypePRN

Market value$12.87M

1.27%

Sole

10.62M

Shared

0.00

None

0.00

JD.COM INC

SOLE

NOTE 0.250% 6/0

Shares11.99M

TypePRN

Market value$12.86M

1.26%

Sole

11.99M

Shared

0.00

None

0.00

ON SEMICONDUCTOR CORP

SOLE

NOTE 0.500% 3/0

Shares13.27M

TypePRN

Market value$12.47M

1.23%

Sole

13.27M

Shared

0.00

None

0.00

MKS INC.

SOLE

NOTE 1.250% 6/0

Shares11.10M

TypePRN

Market value$12.43M

1.22%

Sole

11.10M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
ETSY INCSOLE	NOTE 0.250% 6/1	66.22M	PRN	$58.70M 5.77%	66.22M
UNITI GROUP LLCSOLE	NOTE 7.500%12/0	37.77M	PRN	$42.87M 4.22%	37.77M
INVESCO EXCH TRADED FD TR IISOLE	SR LN ETF	1.91M	SH	$39.93M 3.93%	1.91M
DUKE ENERGY CORP NEWSOLE	NOTE 4.125% 4/1	30.18M	PRN	$33.21M 3.26%	30.18M
SNAP INCSOLE	NOTE 0.500% 5/0	28.42M	PRN	$24.55M 2.41%	28.42M
SOUTHERN COSOLE	NOTE 4.500% 6/1	21.72M	PRN	$24.49M 2.41%	21.72M
CMS ENERGY CORPSOLE	NOTE 3.375% 5/0	21.29M	PRN	$23.67M 2.33%	21.29M
GLOBAL PMTS INCSOLE	NOTE 1.500% 3/0	24.64M	PRN	$22.91M 2.25%	24.64M
VARONIS SYS INCSOLE	NOTE 1.000% 9/1	18.19M	PRN	$20.02M 1.97%	18.19M
DIGITALOCEAN HLDGS INCSOLE	NOTE 12/0	19.04M	PRN	$17.99M 1.77%	19.04M
FIRSTENERGY CORPSOLE	NOTE 4.000% 5/0	15.98M	PRN	$16.89M 1.66%	15.98M
GUARDANT HEALTH INCSOLE	DEBT 1.250% 2/1	11.53M	PRN	$15.10M 1.48%	11.53M
DROPBOX INCSOLE	NOTE 3/0	14.35M	PRN	$15.10M 1.48%	14.35M
MICROCHIP TECHNOLOGY INC.SOLE	NOTE 0.750% 6/0	15.05M	PRN	$14.89M 1.46%	15.05M
SUPER MICRO COMPUTER INCSOLE	NOTE 3.500% 3/0	14.38M	PRN	$14.82M 1.46%	14.38M
BLACKLINE INCSOLE	NOTE 1.000% 6/0	13.85M	PRN	$14.72M 1.45%	13.85M
BOX INCSOLE	NOTE 1.500% 9/1	13.89M	PRN	$14.23M 1.40%	13.89M
BOFA FIN LLCSOLE	MTNF 0.600% 5/2	14.05M	PRN	$14.13M 1.39%	14.05M
BENTLEY SYS INCSOLE	NOTE 0.125% 1/1	13.74M	PRN	$13.85M 1.36%	13.74M
NEXTERA ENERGY CAP HLDGS INCSOLE	NOTE 3.000% 3/0	11.11M	PRN	$13.33M 1.31%	11.11M
ECHOSTAR CORPSOLE	NOTE 3.875%11/3	5.27M	PRN	$13.23M 1.30%	5.27M
JAZZ INVESTMENTS I LTDSOLE	NOTE 3.125% 9/1	10.62M	PRN	$12.87M 1.27%	10.62M
JD.COM INCSOLE	NOTE 0.250% 6/0	11.99M	PRN	$12.86M 1.26%	11.99M
ON SEMICONDUCTOR CORPSOLE	NOTE 0.500% 3/0	13.27M	PRN	$12.47M 1.23%	13.27M
MKS INC.SOLE	NOTE 1.250% 6/0	11.10M	PRN	$12.43M 1.22%	11.10M

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