Shenkman Capital Management Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Shenkman Capital Management Inc. reported 11 stock positions worth $173.3 million. Its top holding was Invesco Senior Loan ETF (BKLN) at 33.0% of the portfolio, followed by iShares Broad Usd High Yield (USHY, 29.7%) and SS SPDR BB St Hi Yield ETF (SJNK, 9.8%). Compared with Q1 2026, it opened 6 new positions, added to 2 and reduced 2. The biggest buy was a new position in Warner Bros Discovery (WBD) and the biggest sale SS SPDR BB St Hi Yield ETF (SJNK, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001275228
- Portfolio Value
- $173.3M (Q2 2026)
- SEC Filing
- 0001275228-26-000006 ↗ filed Aug 10, 2026
Holdings Value
Holdings 11 stocks · $173.3M
| BKLN Invesco Senior Loan ETF | 33.00% | 2,753,854 | $57.2M | Add +43.6% |
| USHY iShares Broad Usd High Yield | 29.74% | 1,363,449 | $51.5M | Reduce -20.1% |
| SJNK SS SPDR BB St Hi Yield ETF | 9.80% | 668,051 | $17.0M | Reduce -66.6% |
| WBD Warner Bros Discovery Inc. | 9.22% | 565,883 | $16.0M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | 5.32% | 8,406,000 | $9.2M | New |
| ECHO Echostar Corp. Class A | 4.40% | 71,000 | $7.6M | New |
| TLT iShares 20+ Year Treasury BD | 2.62% | 36,435 | $4.5M | Add +98.7% |
| BLCO Bausch + Lomb Corp. | 2.08% | 205,665 | $3.6M | New |
| ONIT Onity Group Inc. | 1.84% | 76,885 | $3.2M | No change |
| JELD Jeld-Wen Holding Inc. | 1.10% | 1,196,882 | $1.9M | New |
| EAF Graftech International Ltd. | 0.88% | 243,153 | $1.5M | New |
Other holdings (69): bonds, preferreds, convertibles and warrants · $547.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 47,887,000 | $43.8M | Reduce -10.5% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 32,542,000 | $32.8M | Add +90.4% |
| DOORDASH INC (DASH 0 05/15/30) | NOTE 5/1 · principal | 28,427,000 | $28.6M | New |
| SUPER MICRO COMPUTER INC (SMCI 0 06/15/30) | NOTE 6/1 · principal | 25,964,000 | $23.4M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 17,254,000 | $19.5M | Reduce -11.6% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 14,905,000 | $16.4M | Reduce -36.6% |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 16,701,000 | $16.3M | Reduce -32.0% |
| INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) | DBCV 1.875% 3/1 · principal | 14,394,000 | $14.3M | Add +20.8% |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 13,095,000 | $13.2M | Add +19.1% |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 13,966,000 | $13.1M | Reduce -20.0% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 12,478,000 | $13.0M | Add +9.8% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 12,843,000 | $12.5M | Add +7.8% |
| SITIME (SITM 0 06/15/31) | NOTE 6/1 · principal | 10,809,000 | $12.2M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 11,453,000 | $11.9M | New |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 11,910,000 | $11.5M | Reduce -0.7% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 8,646,000 | $11.0M | Reduce -30.0% |
| FIRSTENERGY CORP (FE 3.875 01/15/31) | NOTE 3.875% 1/1 · principal | 8,633,000 | $9.9M | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 9,337,000 | $9.2M | Add +10.0% |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | NOTE 2.000% 3/1 · principal | 6,793,000 | $8.9M | Reduce -18.1% |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | 10,553,000 | $8.8M | Add +111.1% |
| WEC ENERGY GROUP INC (WEC 3.375 06/01/28) | NOTE 3.375% 6/0 · principal | 8,100,000 | $8.6M | New |
| ETSY INC (ETSY 1 06/15/30) | NOTE 1.000% 6/1 · principal | 7,223,000 | $8.5M | New |
| LCI INDUSTRIES (LCII 3 03/01/30) | NOTE 3.000% 3/0 · principal | 7,307,000 | $8.4M | Add +115.4% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 8,400,000 | $8.3M | Add +14.5% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 6,400,000 | $7.7M | Reduce -8.6% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 7,441,000 | $7.6M | Reduce -10.6% |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 4,945,000 | $7.2M | Reduce -68.7% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 7,050,000 | $7.1M | Add +551.0% |
| CELCUITY INC (CELC 0.25 08/01/32) | NOTE 0.250% 8/0 · principal | 6,047,000 | $7.0M | New |
| ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) | NOTE 1/1 · principal | 5,752,000 | $7.0M | Reduce -33.9% |
| CYBERARK SOFTWARE LTD (CYBR 0 06/15/30) | NOTE 6/1 · principal | 4,037,000 | $6.9M | New |
| FLUENCE ENERGY INC (FLNC 2.25 06/15/30) | NOTE 2.250% 6/1 · principal | 5,250,000 | $6.9M | Reduce -34.4% |
| CRACKER BARREL OLD COUNT (CBRL 1.75 09/15/30) | NOTE 1.750% 9/1 · principal | 6,500,000 | $6.7M | New |
| RUBRIK INC (RBRK 0 06/15/30) | NOTE 6/1 · principal | 6,335,000 | $6.6M | New |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 7,544,000 | $6.5M | Reduce -76.1% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) | NOTE 0.750% 3/1 · principal | 6,634,000 | $6.5M | Add +151.9% |
| GOLAR LNG LTD (GLNG 2.75 12/15/30) | NOTE 2.750%12/1 · principal | 5,631,000 | $6.4M | New |
| MERIT MEDICAL SYSTEMS IN (MMSI 3 02/01/29) | NOTE 3.000% 2/0 · principal | 4,970,000 | $5.6M | New |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 5,190,000 | $5.5M | Reduce -47.0% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 5,063,000 | $5.4M | Reduce -12.2% |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | 6,112,000 | $4.7M | Reduce -19.2% |
| ALKAMI TECHNOLOGY INC (ALKTEC 1.5 03/15/30) | NOTE 1.500% 3/1 · principal | 4,566,000 | $4.5M | Reduce -5.7% |
| SUPER MICRO COMPUTER INC (SMCI 7 06/01/29) | 7 DEP CM SR A WI | 80,000 | $4.2M | New |
| SOUTHERN CO (SO 3.25 06/15/28) | NOTE 3.250% 6/1 · principal | 4,000,000 | $4.1M | New |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 3,574,000 | $4.0M | Reduce -10.7% |
| WILLIS LEASE FINANCE COR (WLFC 2.5 05/15/31) | NOTE 2.500% 5/1 · principal | 3,600,000 | $4.0M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 3,175,000 | $3.5M | Add +60.8% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 2,861,000 | $3.4M | Reduce -28.4% |
| T1 ENERGY INC (TE 5.25 12/01/30) | NOTE 5.250%12/0 · principal | 1,850,000 | $3.3M | Add +12.1% |
| NUVATION BIO INC (NUVB 0.75 07/01/32) | NOTE 0.750% 7/0 · principal | 3,000,000 | $3.2M | New |
| NCL CORPORATION LTD (NCLH 0.875 04/15/30) | NOTE 0.875% 4/1 · principal | 2,828,000 | $3.2M | New |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 2,449,000 | $3.0M | Reduce -48.6% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 3,030,000 | $2.7M | Reduce -85.2% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 2,691,000 | $2.7M | Reduce -86.5% |
| TRAVERE THERAPEUTICS INC (TVTX 0.5 05/15/32) | NOTE 0.500% 5/1 · principal | 2,250,000 | $2.7M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 2,208,000 | $2.7M | Reduce -24.5% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 1,548,000 | $2.7M | Reduce -35.0% |
| GAMESTOP CORP (GME 0 04/01/30) | NOTE 4/0 · principal | 2,328,000 | $2.4M | New |
| T1 ENERGY INC (TE 4 04/15/31) | NOTE 4.000% 4/1 · principal | 1,350,000 | $2.4M | New |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 2,173,000 | $2.1M | Reduce -71.8% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,353,000 | $1.8M | Reduce -72.1% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 1,335,000 | $1.7M | Reduce -34.4% |
| ALLIANT ENERGY CORP (LNT 3.25 05/30/28) | NOTE 3.250% 5/3 · principal | 1,500,000 | $1.7M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 559,000 | $1.6M | Reduce -55.6% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 1,323,000 | $1.3M | Reduce -29.4% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 1,003,000 | $1.3M | Reduce -33.3% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 1,126,000 | $1.1M | Reduce -65.1% |
| ALPHABET INC (GOOGL 6.25 05/15/29 A) | DEP SHS RP1/20 A | 9,050 | $510K | New |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 12,734 | $36K | Reduce -35.1% |
Total filed on the 13F, all lines: $720.8M.
Portfolio Sells Q1 2026 → Q2 2026
Portfolio Buys Q1 2026 → Q2 2026
| WBD Warner Bros Discovery Inc. | New | 9.22% | +9.22 |
| BKLN Invesco Senior Loan ETF | Add +43.6% | 33.00% | +7.84 |
| TETRA TECH INC (TTEK 2.25 08/15/28) | New | 5.32% | +5.32 |
| ECHO Echostar Corp. Class A | New | 4.40% | +4.40 |
| BLCO Bausch + Lomb Corp. | New | 2.08% | +2.08 |
| TLT iShares 20+ Year Treasury BD | Add +98.7% | 2.62% | +1.17 |
| JELD Jeld-Wen Holding Inc. | New | 1.10% | +1.10 |
| EAF Graftech International Ltd. | New | 0.88% | +0.88 |
Notes & Other Activity Q1 2026 → Q2 2026
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Reduce -10.5% | 47,887,000 | $43.8M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Add +90.4% | 32,542,000 | $32.8M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Sold out | 26,679,000 | $31.1Mbefore exit |
| DOORDASH INC (DASH 0 05/15/30) | NOTE 5/1 · principal | New | 28,427,000 | $28.6M |
| SUPER MICRO COMPUTER INC (SMCI 0 06/15/30) | NOTE 6/1 · principal | New | 25,964,000 | $23.4M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Sold out | 27,093,000 | $22.2Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Sold out | 21,920,000 | $21.8Mbefore exit |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Reduce -11.6% | 17,254,000 | $19.5M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Reduce -36.6% | 14,905,000 | $16.4M |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | Reduce -32.0% | 16,701,000 | $16.3M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Sold out | 10,526,000 | $14.6Mbefore exit |
| INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) | DBCV 1.875% 3/1 · principal | Add +20.8% | 14,394,000 | $14.3M |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | Add +19.1% | 13,095,000 | $13.2M |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | Reduce -20.0% | 13,966,000 | $13.1M |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | Add +9.8% | 12,478,000 | $13.0M |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | Add +7.8% | 12,843,000 | $12.5M |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | Sold out | 9,662,000 | $12.4Mbefore exit |
| SITIME (SITM 0 06/15/31) | NOTE 6/1 · principal | New | 10,809,000 | $12.2M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | New | 11,453,000 | $11.9M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Reduce -0.7% | 11,910,000 | $11.5M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Reduce -30.0% | 8,646,000 | $11.0M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | Sold out | 10,758,000 | $10.9Mbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Sold out | 10,437,000 | $10.2Mbefore exit |
| FIRSTENERGY CORP (FE 3.875 01/15/31) | NOTE 3.875% 1/1 · principal | New | 8,633,000 | $9.9M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Sold out | 8,656,000 | $9.3Mbefore exit |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +10.0% | 9,337,000 | $9.2M |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | Sold out | 7,120,000 | $9.2Mbefore exit |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | NOTE 2.000% 3/1 · principal | Reduce -18.1% | 6,793,000 | $8.9M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Sold out | 6,330,000 | $8.9Mbefore exit |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | Add +111.1% | 10,553,000 | $8.8M |
| WEC ENERGY GROUP INC (WEC 3.375 06/01/28) | NOTE 3.375% 6/0 · principal | New | 8,100,000 | $8.6M |
| ETSY INC (ETSY 1 06/15/30) | NOTE 1.000% 6/1 · principal | New | 7,223,000 | $8.5M |
| LCI INDUSTRIES (LCII 3 03/01/30) | NOTE 3.000% 3/0 · principal | Add +115.4% | 7,307,000 | $8.4M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Add +14.5% | 8,400,000 | $8.3M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Sold out | 5,839,000 | $8.1Mbefore exit |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Reduce -8.6% | 6,400,000 | $7.7M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | Reduce -10.6% | 7,441,000 | $7.6M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | Sold out | 7,163,000 | $7.3Mbefore exit |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | Reduce -68.7% | 4,945,000 | $7.2M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +551.0% | 7,050,000 | $7.1M |
| CELCUITY INC (CELC 0.25 08/01/32) | NOTE 0.250% 8/0 · principal | New | 6,047,000 | $7.0M |
| ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) | NOTE 1/1 · principal | Reduce -33.9% | 5,752,000 | $7.0M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Sold out | 6,801,000 | $7.0Mbefore exit |
| CYBERARK SOFTWARE LTD (CYBR 0 06/15/30) | NOTE 6/1 · principal | New | 4,037,000 | $6.9M |
| FLUENCE ENERGY INC (FLNC 2.25 06/15/30) | NOTE 2.250% 6/1 · principal | Reduce -34.4% | 5,250,000 | $6.9M |
| CRACKER BARREL OLD COUNT (CBRL 1.75 09/15/30) | NOTE 1.750% 9/1 · principal | New | 6,500,000 | $6.7M |
| RUBRIK INC (RBRK 0 06/15/30) | NOTE 6/1 · principal | New | 6,335,000 | $6.6M |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | Reduce -76.1% | 7,544,000 | $6.5M |
| ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) | NOTE 0.750% 3/1 · principal | Add +151.9% | 6,634,000 | $6.5M |
| GOLAR LNG LTD (GLNG 2.75 12/15/30) | NOTE 2.750%12/1 · principal | New | 5,631,000 | $6.4M |
Showing the first 50 of 99.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $173.3M | BKLN, USHY, SJNK, WBD, TETRA TECH INC (TTEK 2.25 08/15/28) |
| Q1 2026 | 5 | $159.6M | USHY, SJNK, BKLN, ONIT, TLT |
| Q4 2025 | 7 | $166.9M | BKLN, USHY, SJNK, TETRA TECH INC (TTEK 2.25 08/15/28), CCO |
| Q3 2025 | 8 | $82.1M | BKLN, USHY, TETRA TECH INC (TTEK 2.25 08/15/28), SJNK, CCO |
| Q2 2025 | 9 | $142.9M | BKLN, SJNK, USHY, TETRA TECH INC (TTEK 2.25 08/15/28), TREE |
| Q1 2025 | 10 | $120.1M | BKLN, USHY, TREE, TETRA TECH INC (TTEK 2.25 08/15/28), SJNK |
| Q4 2024 | 10 | $71.7M | BKLN, TREE, TETRA TECH INC (TTEK 2.25 08/15/28), SMC, USHY |
| Q3 2024 | 11 | $175.3M | USHY, BKLN, TREE, SMC, TETRA TECH INC (TTEK 2.25 08/15/28) |
| Q2 2024 | 11 | $95.7M | TREE, DO, SMLP, NRG ENERGY INC (NRG 2.75 06/01/48), BKLN |
| Q1 2024 | 10 | $139.4M | SJNK, DO, TREE, SMLP, NRG ENERGY INC (NRG 2.75 06/01/48) |