SHENKMAN CAPITAL MANAGEMENT INC

NEW YORK, NY · CIK 1275228 · 13F filing filed 2026-08-10

SEC-registered investment adviser since 1985 · corporation

Assets managed$36.5bn
Staff149 · 51 in investment roles
Main clients (by assets)Private funds 31%, State and local governments 20%, Insurers 20%
Private funds12 (4 hedge) · $8.3bn gross assets
Form ADV · 2026-09-25SEC adviser record

Legal entitySHENKMAN CAPITAL MANAGEMENT, INC. (US)

Kindhedge funds, structured credit, futures
Others nearbyNew York, NY, Stamford, CT, London, Boca Raton, FL

As an employer

Offices in2 countries
Private fundsother private 7, hedge 4, securitized asset 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
New York, NY (main office)United States	United States	about 45
Stamford, CTUnited States	United States	3
LondonUnited Kingdom	United Kingdom	2
Boca Raton, FLUnited States	United States	1

US visa salary filings

Filings FY2024–20254
Median salary offered$155,000
Middle half$144,375 – $162,500
Job titles4

Job title	Filings	Median
Vice President, Assistant Director Of DevelopmentStamford, CT	1	$170,000
Senior DeveloperStamford, CT	1	$160,000
Senior Research & Trading Systems EngineerNew York, NY	1	$150,000
Research AssociateNew York, NY	1	$127,500

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Shenkman Capital Management, Inc..

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$720.8m reported value -13.2% vs Q1 2026

80positions

42.5%in top 10

29 new 15 added 35 reduced 30 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	INVESCO EXCH TRADED FD TR II SR LN ETF BKLN	BKLN	2,753,854	$57.2m7.93%	7.93%	Added +835.6k	+835,589 43.6%
2	ISHARES TR BROAD USD HIGH USHY	USHY	1,363,449	$51.5m7.15%	7.15%	Reduced -343.3k	-343,274 -20.1%
3	ETSY INC NOTE 0.250% 6/1 · principal ETSY 0.25 06.15.28 · principal	ETSY 0.25 06.15.28	47,887,000	$43.8m6.08%	6.08%	Reduced -5.6m	-5,604,000 -10.5%
4	PARSONS CORP DEL NOTE 2.625% 3/0 · principal PSN 2.625 03.01.29 · principal	PSN 2.625 03.01.29	32,542,000	$32.8m4.56%	4.56%	Added +15.4m	+15,448,000 90.4%
5	DOORDASH INC NOTE 5/1 · principal DASH 0 05.15.30 · principal	DASH 0 05.15.30	28,427,000	$28.6m3.97%	3.97%	New
6	SUPER MICRO COMPUTER INC NOTE 6/1 · principal SMCI 0 06.15.30 · principal	SMCI 0 06.15.30	25,964,000	$23.4m3.24%	3.24%	New
7	CMS ENERGY CORP NOTE 3.375% 5/0 · principal CMS 3.375 05.01.28 · principal	CMS 3.375 05.01.28	17,254,000	$19.5m2.71%	2.71%	Reduced -2.3m	-2,257,000 -11.6%
8	SPDR SER TR BLOOMBERG SHT TE SJNK	SJNK	668,051	$17.0m2.36%	2.36%	Reduced -1.3m	-1,334,274 -66.6%
9	RIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 · principal RIVN 3.625 10.15.30 · principal	RIVN 3.625 10.15.30	14,905,000	$16.4m2.28%	2.28%	Reduced -8.6m	-8,614,000 -36.6%
10	VARONIS SYS INC NOTE 1.000% 9/1 · principal VRNS 1 09.15.29 · principal	VRNS 1 09.15.29	16,701,000	$16.3m2.27%	2.27%	Reduced -7.9m	-7,871,000 -32.0%
11	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	565,883	$16.0m2.22%	2.22%	New
12	INTEGER HLDGS CORP DBCV 1.875% 3/1 · principal ITGR 1.875 03.15.30 · principal	ITGR 1.875 03.15.30	14,394,000	$14.3m1.98%	1.98%	Added +2.5m	+2,482,000 20.8%
13	NUTANIX INC NOTE 0.500%12/1 · principal NTNX 0.5 12.15.29 · principal	NTNX 0.5 12.15.29	13,095,000	$13.2m1.83%	1.83%	Added +2.1m	+2,096,000 19.1%
14	BLACKLINE INC NOTE 1.000% 6/0 · principal BL 1 06.01.29 · principal	BL 1 06.01.29	13,966,000	$13.1m1.82%	1.82%	Reduced -3.5m	-3,500,000 -20.0%
15	REPLIGEN CORP NOTE 1.000%12/1 · principal RGEN 1 12.15.28 · principal	RGEN 1 12.15.28	12,478,000	$13.0m1.81%	1.81%	Added +1.1m	+1,114,000 9.8%
16	AEROVIRONMENT INC NOTE 7/1 · principal AVAV 0 07.15.30 · principal	AVAV 0 07.15.30	12,843,000	$12.5m1.74%	1.74%	Added +925.0k	+925,000 7.8%
17	SITIME CORP NOTE 6/1 · principal SITM 0 06.15.31 · principal	SITM 0 06.15.31	10,809,000	$12.2m1.69%	1.69%	New
18	ETSY INC NOTE 0.125%10/0 · principal ETSY 0.125 10.01.26 · principal	ETSY 0.125 10.01.26	11,453,000	$11.9m1.66%	1.66%	New
19	REDFIN CORP NOTE 0.500% 4/0 · principal RDFN 0.5 04.01.27 · principal	RDFN 0.5 04.01.27	11,910,000	$11.5m1.60%	1.60%	Reduced -82.0k	-82,000 -0.7%
20	BOFA FIN LLC MTNF 0.600% 5/2 · principal BAC 0.6 05.25.27 MTN · principal	BAC 0.6 05.25.27 MTN	8,646,000	$11.0m1.52%	1.52%	Reduced -3.7m	-3,700,000 -30.0%
21	FIRSTENERGY CORP NOTE 3.875% 1/1 · principal FE 3.875 01.15.31 · principal	FE 3.875 01.15.31	8,633,000	$9.9m1.37%	1.37%	New
22	TETRA TECH INC NEW DBCV 2.250% 8/1 TTEK 2.25 08.15.28	TTEK 2.25 08.15.28	8,406,000	$9.2m1.28%	1.28%	New
23	MARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 · principal VAC 3.25 12.15.27 · principal	VAC 3.25 12.15.27	9,337,000	$9.2m1.28%	1.28%	Added +848.0k	+848,000 10.0%
24	CHEESECAKE FACTORY INC NOTE 2.000% 3/1 · principal CAKE 2 03.15.30 · principal	CAKE 2 03.15.30	6,793,000	$8.9m1.23%	1.23%	Reduced -1.5m	-1,500,000 -18.1%
25	UPSTART HLDGS INC NOTE 1.000%11/1 · principal UPST 1 11.15.30 · principal	UPST 1 11.15.30	10,553,000	$8.8m1.22%	1.22%	Added +5.6m	+5,553,000 111.1%
26	WEC ENERGY GROUP INC NOTE 3.375% 6/0 · principal WEC 3.375 06.01.28 · principal	WEC 3.375 06.01.28	8,100,000	$8.6m1.19%	1.19%	New
27	ETSY INC NOTE 1.000% 6/1 · principal ETSY 1 06.15.30 · principal	ETSY 1 06.15.30	7,223,000	$8.5m1.18%	1.18%	New
28	LCI INDS NOTE 3.000% 3/0 · principal LCII 3 03.01.30 · principal	LCII 3 03.01.30	7,307,000	$8.4m1.17%	1.17%	Added +3.9m	+3,915,000 115.4%
29	NORTHERN OIL & GAS INC NOTE 3.625% 4/1 · principal NOG 3.625 04.15.29 · principal	NOG 3.625 04.15.29	8,400,000	$8.3m1.15%	1.15%	Added +1.1m	+1,061,000 14.5%
30	PINNACLE WEST CAP CORP NOTE 4.750% 6/1 · principal PNW 4.75 06.15.27 · principal	PNW 4.75 06.15.27	6,400,000	$7.7m1.07%	1.07%	Reduced -600.0k	-600,000 -8.6%
31	ECHOSTAR CORP CL A ECHO	ECHO	71,000	$7.6m1.06%	1.06%	New
32	ITRON INC NOTE 1.375% 7/1 · principal ITRI 1.375 07.15.30 · principal	ITRI 1.375 07.15.30	7,441,000	$7.6m1.06%	1.06%	Reduced -881.0k	-881,000 -10.6%
33	DATADOG INC NOTE 12/0 · principal DDOG 0 12.01.29 · principal	DDOG 0 12.01.29	4,945,000	$7.2m1.00%	1.00%	Reduced -10.9m	-10,867,000 -68.7%
34	TRIP COM GROUP LTD NOTE 0.750% 6/1 · principal TCOM 0.75 06.15.29 · principal	TCOM 0.75 06.15.29	7,050,000	$7.1m0.98%	0.98%	Added +6.0m	+5,967,000 551.0%
35	CELCUITY INC NOTE 0.250% 8/0 · principal CELC 0.25 08.01.32 · principal	CELC 0.25 08.01.32	6,047,000	$7.0m0.98%	0.98%	New
36	ARROWHEAD PHARMACEUTICALS IN NOTE 1/1 · principal ARWR 0 01.15.32 · principal	ARWR 0 01.15.32	5,752,000	$7.0m0.98%	0.98%	Reduced -3.0m	-2,953,000 -33.9%
37	CYBERARK SOFTWARE LTD NOTE 6/1 · principal CYBR 0 06.15.30 · principal	CYBR 0 06.15.30	4,037,000	$6.9m0.96%	0.96%	New
38	FLUENCE ENERGY INC NOTE 2.250% 6/1 · principal FLNC 2.25 06.15.30 · principal	FLNC 2.25 06.15.30	5,250,000	$6.9m0.95%	0.95%	Reduced -2.8m	-2,750,000 -34.4%
39	CRACKER BARREL OLD CTRY STOR NOTE 1.750% 9/1 · principal CBRL 1.75 09.15.30 · principal	CBRL 1.75 09.15.30	6,500,000	$6.7m0.93%	0.93%	New
40	RUBRIK INC. NOTE 6/1 · principal RBRK 0 06.15.30 · principal	RBRK 0 06.15.30	6,335,000	$6.6m0.91%	0.91%	New
41	STRATEGY INC NOTE 12/0 · principal MSTR 0 12.01.29 · principal	MSTR 0 12.01.29	7,544,000	$6.5m0.90%	0.90%	Reduced -24.0m	-24,010,000 -76.1%
42	ALPHATEC HLDGS INC NOTE 0.750% 3/1 · principal ATEC 0.75 03.15.30 · principal	ATEC 0.75 03.15.30	6,634,000	$6.5m0.90%	0.90%	Added +4.0m	+4,000,000 151.9%
43	GOLAR LNG LTD NOTE 2.750%12/1 · principal GLNG 2.75 12.15.30 · principal	GLNG 2.75 12.15.30	5,631,000	$6.4m0.89%	0.89%	New
44	MERIT MED SYS INC NOTE 3.000% 2/0 · principal MMSI 3 02.01.29 · principal	MMSI 3 02.01.29	4,970,000	$5.6m0.78%	0.78%	New
45	MERITAGE HOMES CORP NOTE 1.750% 5/1 · principal MTH 1.75 05.15.28 · principal	MTH 1.75 05.15.28	5,190,000	$5.5m0.76%	0.76%	Reduced -4.6m	-4,610,000 -47.0%
46	POST HLDGS INC NOTE 2.500% 8/1 · principal POST 2.5 08.15.27 · principal	POST 2.5 08.15.27	5,063,000	$5.4m0.75%	0.75%	Reduced -702.0k	-702,000 -12.2%
47	RAMACO RES INC NOTE 11/0 · principal METC 0 11.01.31 · principal	METC 0 11.01.31	6,112,000	$4.7m0.65%	0.65%	Reduced -1.5m	-1,455,000 -19.2%
48	ISHARES TR 20 YR TR BD ETF TLT	TLT	36,435	$4.5m0.63%	0.63%	Added +18.1k	+18,100 98.7%
49	ALKAMI TECHNOLOGY INC NOTE 1.500% 3/1 · principal ALKTEC 1.5 03.15.30 · principal	ALKTEC 1.5 03.15.30	4,566,000	$4.5m0.62%	0.62%	Reduced -275.0k	-275,000 -5.7%
50	SUPER MICRO COMPUTER INC 7 DEP CM SR A WI SMCI 7 06.01.29	SMCI 7 06.01.29	80,000	$4.2m0.58%	0.58%	New
51	SOUTHERN CO NOTE 3.250% 6/1 · principal SO 3.25 06.15.28 · principal	SO 3.25 06.15.28	4,000,000	$4.1m0.56%	0.56%	New
52	IRHYTHM TECHNOLOGIES INC NOTE 1.500% 9/0 · principal IRTC 1.5 09.01.29 · principal	IRTC 1.5 09.01.29	3,574,000	$4.0m0.56%	0.56%	Reduced -426.0k	-426,000 -10.7%
53	WILLIS LEASE FIN CORP NOTE 2.500% 5/1 · principal WLFC 2.5 05.15.31 · principal	WLFC 2.5 05.15.31	3,600,000	$4.0m0.56%	0.56%	New
54	BAUSCH PLUS LOMB CORP COMMON SHARES BLCO	BLCO	205,665	$3.6m0.50%	0.50%	New
55	MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0 · principal MCHP 0.75 06.01.30 · principal	MCHP 0.75 06.01.30	3,175,000	$3.5m0.49%	0.49%	Added +1.2m	+1,200,000 60.8%
56	UBER TECHNOLOGIES INC NOTE 0.875%12/0 · principal UBER 0.875 12.01.28 2028 · principal	UBER 0.875 12.01.28 2028	2,861,000	$3.4m0.48%	0.48%	Reduced -1.1m	-1,134,000 -28.4%
57	T1 ENERGY INC NOTE 5.250%12/0 · principal TE 5.25 12.01.30 · principal	TE 5.25 12.01.30	1,850,000	$3.3m0.46%	0.46%	Added +200.0k	+200,000 12.1%
58	NUVATION BIO INC NOTE 0.750% 7/0 · principal NUVB 0.75 07.01.32 · principal	NUVB 0.75 07.01.32	3,000,000	$3.2m0.44%	0.44%	New
59	ONITY GROUP INC COM NEW ONIT	ONIT	76,885	$3.2m0.44%	0.44%	Unchanged
60	NCL CORP LTD NOTE 0.875% 4/1 · principal NCLH 0.875 04.15.30 · principal	NCLH 0.875 04.15.30	2,828,000	$3.2m0.44%	0.44%	New
61	LIVE NATION ENTERTAINMENT IN NOTE 2.875% 1/1 · principal LYV 2.875 01.15.30 · principal	LYV 2.875 01.15.30	2,449,000	$3.0m0.41%	0.41%	Reduced -2.3m	-2,312,000 -48.6%
62	GLOBAL PMTS INC NOTE 1.500% 3/0 · principal GPN 1.5 03.01.31 · principal	GPN 1.5 03.01.31	3,030,000	$2.7m0.38%	0.38%	Reduced -17.4m	-17,394,000 -85.2%
63	DROPBOX INC NOTE 3/0 · principal DBX 0 03.01.28 · principal	DBX 0 03.01.28	2,691,000	$2.7m0.38%	0.38%	Reduced -17.2m	-17,176,000 -86.5%
64	TRAVERE THERAPEUTICS INC NOTE 0.500% 5/1 · principal TVTX 0.5 05.15.32 · principal	TVTX 0.5 05.15.32	2,250,000	$2.7m0.37%	0.37%	New
65	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.27 · principal	WEC 4.375 06.01.27	2,208,000	$2.7m0.37%	0.37%	Reduced -716.0k	-716,000 -24.5%
66	JAZZ INVESTMENTS I LTD NOTE 3.125% 9/1 · principal JAZZ 3.125 09.15.30 · principal	JAZZ 3.125 09.15.30	1,548,000	$2.7m0.37%	0.37%	Reduced -834.0k	-834,000 -35.0%
67	GAMESTOP CORP NOTE 4/0 · principal GME 0 04.01.30 · principal	GME 0 04.01.30	2,328,000	$2.4m0.34%	0.34%	New
68	T1 ENERGY INC NOTE 4.000% 4/1 · principal TE 4 04.15.31 · principal	TE 4 04.15.31	1,350,000	$2.4m0.33%	0.33%	New
69	JD.COM INC NOTE 0.250% 6/0 · principal JD 0.25 06.01.29 · principal	JD 0.25 06.01.29	2,173,000	$2.1m0.30%	0.30%	Reduced -5.5m	-5,520,000 -71.8%
70	JELD-WEN HLDG INC COM JELD	JELD	1,196,882	$1.9m0.26%	0.26%	New
71	LIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 · principal FWONK 2.25 08.15.27 · principal	FWONK 2.25 08.15.27	1,353,000	$1.8m0.24%	0.24%	Reduced -3.5m	-3,500,000 -72.1%
72	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.29 · principal	WEC 4.375 06.01.29	1,335,000	$1.7m0.23%	0.23%	Reduced -701.0k	-701,000 -34.4%
73	ALLIANT ENERGY CORP NOTE 3.250% 5/3 · principal LNT 3.25 05.30.28 · principal	LNT 3.25 05.30.28	1,500,000	$1.7m0.23%	0.23%	New
74	MKS INC. NOTE 1.250% 6/0 · principal MKSI 1.25 06.01.30 · principal	MKSI 1.25 06.01.30	559,000	$1.6m0.23%	0.23%	Reduced -700.0k	-700,000 -55.6%
75	GRAFTECH INTL LTD SR NT COM NEW EAF	EAF	243,153	$1.5m0.21%	0.21%	New
76	HAEMONETICS CORP MASS NOTE 2.500% 6/0 · principal HAE 2.5 06.01.29 · principal	HAE 2.5 06.01.29	1,323,000	$1.3m0.19%	0.19%	Reduced -550.0k	-550,000 -29.4%
77	FLUOR CORP NOTE 1.125% 8/1 · principal FLR 1.125 08.15.29 · principal	FLR 1.125 08.15.29	1,003,000	$1.3m0.19%	0.19%	Reduced -500.0k	-500,000 -33.3%
78	ENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 · principal NVST 1.75 08.15.28 · principal	NVST 1.75 08.15.28	1,126,000	$1.1m0.16%	0.16%	Reduced -2.1m	-2,100,000 -65.1%
79	ALPHABET INC DEP SHS RP1/20 A GOOGL 6.25 05.15.29 A	GOOGL 6.25 05.15.29 A	9,050	$510.3k0.07%	0.07%	New
80	GAMESTOP CORP NEW *W EXP 10/30/202 GME.WS	GME.WS	12,734	$36.1k0.01%	0.01%	Reduced -6.9k	-6,880 -35.1%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
AKAMAI TECHNOLOGIES INC AKAM 1.125 02.15.29	AKAM 1.125 02.15.29	26,679,000	$31.1m26.7m shares
SUPER MICRO COMPUTER INC SMCI 3.5 03.01.29	SMCI 3.5 03.01.29	27,093,000	$22.2m27.1m shares
ON SEMICONDUCTOR CORP ON 0.5 03.01.29	ON 0.5 03.01.29	21,920,000	$21.8m21.9m shares
ALIBABA GROUP HLDG LTD BABA 0.5 06.01.31	BABA 0.5 06.01.31	10,526,000	$14.6m10.5m shares
TRAVERE THERAPEUTICS INC TVTX 2.25 03.01.29	TVTX 2.25 03.01.29	9,662,000	$12.4m9.7m shares
GUIDEWIRE SOFTWARE INC GWRE 1.25 11.01.29	GWRE 1.25 11.01.29	10,758,000	$10.9m10.8m shares
VISHAY INTERTECHNOLOGY INC VSH 2.25 09.15.30	VSH 2.25 09.15.30	10,437,000	$10.2m10.4m shares
TETRA TECH INC NEW TTEK 2.25 08.15.28	TTEK 2.25 08.15.28	8,656,000	$9.3m8.7m shares
UNITI GROUP LLC UNIT 7.5 12.01.27	UNIT 7.5 12.01.27	7,120,000	$9.2m7.1m shares
NEXTERA ENERGY CAP HLDGS INC NEE 3 03.01.27	NEE 3 03.01.27	6,330,000	$8.9m6.3m shares
EVERGY INC EVRG 4.5 12.15.27	EVRG 4.5 12.15.27	5,839,000	$8.1m5.8m shares
JOHN BEAN TECHNOLOGIES CORP JBTM 0.25 05.15.26	JBTM 0.25 05.15.26	7,163,000	$7.3m7.2m shares
LYFT INC LYFT 0.625 03.01.29	LYFT 0.625 03.01.29	6,801,000	$7.0m6.8m shares
SYNAPTICS INC SYNA 0.75 12.01.31	SYNA 0.75 12.01.31	5,922,000	$6.3m5.9m shares
WHIRLPOOL CORP WHR 8.5 02.15.29 A	WHR 8.5 02.15.29 A	150,000	$6.1m150.0k shares
FIRSTENERGY CORP FE 4 05.01.26	FE 4 05.01.26	4,599,000	$5.1m4.6m shares
NIO INC NIO 4.625 10.15.30	NIO 4.625 10.15.30	5,000,000	$5.1m5.0m shares
ALIGNMENT HEALTHCARE INC ALHC 4.25 11.15.29	ALHC 4.25 11.15.29	2,954,000	$4.3m3.0m shares
PPL CAP FDG INC PPL 2.875 03.15.28	PPL 2.875 03.15.28	3,599,000	$4.2m3.6m shares
PENGUIN SOLUTIONS INC PENG 2 08.15.30	PENG 2 08.15.30	4,000,000	$4.1m4.0m shares
SOUTHERN CO SO 4.5 06.15.27	SO 4.5 06.15.27	3,593,000	$4.0m3.6m shares
BOX INC BOX 1.5 09.15.29	BOX 1.5 09.15.29	4,091,000	$3.7m4.1m shares
ADVANCED ENERGY INDS AEIS 2.5 09.15.28	AEIS 2.5 09.15.28	1,050,000	$2.5m1.1m shares
COINBASE GLOBAL INC COIN 0.25 04.01.30	COIN 0.25 04.01.30	1,726,000	$1.6m1.7m shares
CENTERPOINT ENERGY INC CNP 4.25 08.15.26	CNP 4.25 08.15.26	1,013,000	$1.2m1.0m shares