Shenkman Capital Management Inc.

Name: SHENKMAN CAPITAL MANAGEMENT INC 13F holdings, Q2 2024
Creator: SHENKMAN CAPITAL MANAGEMENT INC
Published: 2024-08-08

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 8, 2024), Shenkman Capital Management Inc. reported 11 stock positions worth $95.7 million. Its top holding was Lendingtree (TREE) at 20.6% of the portfolio, followed by Diamond Offshore Drilling (DO, 19.5%) and Summit Midstream Partners (SMLP, 17.5%). Compared with Q1 2024, it opened 1 new position, added to 2 and reduced 5. The biggest buy was a new position in Invesco Senior Loan ETF (BKLN) and the biggest sale SS SPDR BB St Hi Yield ETF (SJNK, shares −88%).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001275228
Portfolio Value: $95.7M (Q2 2024)
SEC Filing: 0001085146-24-003593 ↗ filed Aug 8, 2024

Holdings Value

Holdings 11 stocks · $95.7M


TREE Lendingtree Inc.	20.55%	472,902	$19.7M	Add +21.1%
DO Diamond Offshore Drilling Inc.	19.47%	1,219,617	$18.6M	Reduce -46.5%
SMLP Summit Midstream Partners LP	17.48%	470,313	$16.7M	Reduce -19.4%
NRG ENERGY INC (NRG 2.75 06/01/48)	12.02%	5,981,000	$11.5M	Reduce -15.3%
BKLN Invesco Senior Loan ETF	9.38%	426,750	$9.0M	New
LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30)	8.13%	21,789,000	$7.8M	Add +0.7%
SJNK SS SPDR BB St Hi Yield ETF	6.01%	230,240	$5.7M	Reduce -87.6%
CCO Clear Channel Outdoor Holdin	2.51%	1,704,589	$2.4M	No change
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29)	2.45%	7,000,000	$2.3M	No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	1.32%	16,405	$1.3M	Reduce -61.3%
WGHTQ WW International Inc. filed as WW INTL INC	0.68%	557,118	$652K	No change

Other holdings (103): bonds, preferreds, convertibles and warrants · $1.1B (not counted above)

Security	Class	Shares / Principal	Value	Change
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	50,916,000	$43.3M	Reduce -34.0%
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	42,833,000	$36.3M	Reduce -4.7%
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25)	NOTE 1.250% 5/0 · principal	34,420,000	$35.3M	Add +51.1%
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	32,900,000	$30.5M	Add +154.9%
NCL CORPORATION LTD (NCLH 1.125 02/15/27)	NOTE 1.125% 2/1 · principal	31,817,000	$30.4M	Add +23.6%
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	28,772,000	$29.4M	Add +147.9%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	29,268,000	$28.7M	Add +8.9%
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	27,563,000	$28.6M	Reduce -10.6%
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	25,166,000	$27.5M	Reduce -14.3%
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	24,314,000	$26.9M	Add +2.4%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	26,705,000	$26.5M	Reduce -2.8%
DEXCOM INC (DXCM 0.25 11/15/25)	NOTE 0.250%11/1 · principal	25,466,000	$25.9M	Reduce -2.1%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	25,224,000	$24.5M	Add +40.5%
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	22,824,000	$23.9M	Add +7.6%
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	18,554,000	$23.3M	Add +56.4%
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	21,326,000	$21.6M	Reduce -2.5%
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26)	NOTE 4/0 · principal	20,427,000	$21.5M	Add +39.2%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	18,227,000	$20.3M	Add +11.2%
CMS ENERGY CORP (CMS 3.375 05/01/28)	NOTE 3.375% 5/0 · principal	19,910,000	$20.1M	New
GUARDANT HEALTH INC (GH 0 11/15/27)	NOTE 11/1 · principal	22,250,000	$17.4M	Add +2866.7%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27)	NOTE 0.250% 3/0 · principal	17,141,000	$16.6M	Add +104.8%
ENVESTNET INC (ENV 2.625 12/01/27)	NOTE 2.625%12/0 · principal	14,981,000	$16.4M	Reduce -39.5%
BOX INC (BOX 0 01/15/26)	NOTE 1/1 · principal	13,300,000	$15.7M	Add +3.3%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	17,063,000	$15.2M	Reduce -37.6%
IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26)	NOTE 1.500% 6/1 · principal	15,460,000	$14.7M	Add +161.2%
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	10,143,000	$14.0M	Add +37.2%
SABRE GLBL INC (SABHLD 7.32 08/01/26)	NOTE 7.320% 8/0 · principal	14,287,000	$13.7M	Reduce -45.8%
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	9,232,000	$13.5M	Reduce -15.3%
AXON ENTERPRISE INC (AXON 0.5 12/15/27)	NOTE 0.500%12/1 · principal	9,442,000	$13.3M	Add +94.6%
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	13,834,000	$12.6M	Reduce -6.7%
POST HOLDINGS INC (POST 2.5 08/15/27)	NOTE 2.500% 8/1 · principal	10,681,000	$12.2M	Reduce -10.8%
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	9,848,000	$11.8M	Reduce -17.9%
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	12,258,000	$11.5M	Reduce -18.4%
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	11,150,000	$11.5M	Add +2.8%
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	11,370,000	$11.4M	New
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	12,262,000	$11.3M	Reduce -4.7%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	12,099,000	$11.2M	Reduce -9.5%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	9,689,000	$11.1M	Add +1.5%
PERFICIENT INC (PRFT 0.125 11/15/26)	NOTE 0.125%11/1 · principal	11,125,000	$10.8M	Add +321.7%
BURLINGTON STORES INC (BURL 2.25 04/15/25)	NOTE 2.250% 4/1 · principal	8,676,000	$10.5M	Add +11.9%
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27)	NOTE 1.250% 5/1 · principal	10,744,000	$10.4M	Reduce -1.4%
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	9,600,000	$10.4M	New
ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27)	NOTE 1.750% 6/1 · principal	6,862,000	$10.2M	Reduce -10.7%
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26)	NOTE 2.750% 5/1 · principal	8,841,000	$10.2M	Add +281.9%
DATADOG INC (DDOG 0.125 06/15/25)	NOTE 0.125% 6/1 · principal	6,674,000	$9.9M	Add +10.5%
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28)	NOTE 3.750% 3/1 · principal	8,871,000	$9.6M	Add +4.3%
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28)	NOTE 2.125% 2/1 · principal	6,481,000	$9.6M	Reduce -7.9%
SNAP INC (SNAP 0 05/01/27)	NOTE 5/0 · principal	11,390,000	$9.5M	Add +6.6%
CYBERARK SOFTWARE LTD (CYBR 0 11/15/24)	NOTE 11/1 · principal	5,281,000	$9.4M	Reduce -1.1%
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26)	NOTE 2.000% 6/1 · principal	8,561,000	$8.7M	Add +5.2%
IMAX CORP (IMAX 0.5 04/01/26)	NOTE 0.500% 4/0 · principal	8,382,000	$8.3M	Reduce -13.7%
SABRE GLBL INC (SABHLD 4 04/15/25)	NOTE 4.000% 4/1 · principal	8,626,000	$8.3M	Add +1.3%
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	10,298,000	$8.3M	Add +7.8%
DISH NETWORK CORP (DISH 0 12/15/25)	NOTE 12/1 · principal	9,901,000	$7.3M	Add +7.0%
GREENBRIER COS INC (GBX 2.875 04/15/28)	NOTE 2.875% 4/1 · principal	6,363,000	$7.0M	Add +138.7%
NABORS INDUSTRIES INC (NBR 1.75 06/15/29)	NOTE 1.750% 6/1 · principal	9,805,000	$7.0M	Add +3168.3%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	6,160,000	$6.7M	Reduce -9.2%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	5,850,000	$6.5M	No change
EXPEDIA GROUP INC (EXPE 0 02/15/26)	NOTE 2/1 · principal	6,971,000	$6.4M	Reduce -22.5%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28)	NOTE 1.000% 8/1 · principal	5,482,000	$6.2M	Reduce -0.8%
FIRSTENERGY CORP (FE 4 05/01/26)	NOTE 4.000% 5/0 · principal	5,381,000	$5.6M	New
INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	3,511,000	$5.6M	Reduce -1.3%
LCI INDUSTRIES (LCII 1.125 05/15/26)	NOTE 1.125% 5/1 · principal	5,618,000	$5.3M	Reduce -18.6%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	5,505,000	$5.0M	Reduce -6.0%
ZILLOW GROUP INC (Z 0.75 09/01/24)	NOTE 0.750% 9/0 · principal	4,565,000	$5.0M	New
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	3,812,000	$4.1M	Reduce -1.4%
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	3,867,000	$3.8M	Reduce -72.7%
TRIPADVISOR INC (TRIP 0.25 04/01/26)	NOTE 0.250% 4/0 · principal	4,047,000	$3.7M	Reduce -0.6%
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	2,693,000	$3.5M	No change
VERINT SYSTEMS INC (VRNT 0.25 04/15/26)	NOTE 0.250% 4/1 · principal	3,495,000	$3.4M	Reduce -75.6%
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	5,901,000	$3.4M	Reduce -23.2%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	2,843,000	$3.3M	Reduce -32.7%
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28)	NOTE 1.750%12/0 · principal	2,541,000	$3.1M	Reduce -3.9%
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49)	NOTE 0.750% 3/1 · principal	3,133,000	$3.1M	No change
STRIDE INC (LRN 1.125 09/01/27)	NOTE 1.125% 9/0 · principal	1,995,000	$2.9M	Reduce -36.0%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	3,425,000	$2.9M	Reduce -16.9%
JAMF HOLDING CORP (JAMF 0.125 09/01/26)	NOTE 0.125% 9/0 · principal	2,924,000	$2.7M	Reduce -68.0%
DAYFORCE INC (DAY 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	2,768,000	$2.6M	Reduce -71.6%
AIRBNB INC (ABNB 0 03/15/26)	NOTE 3/1 · principal	2,805,000	$2.6M	Reduce -75.6%
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25)	NOTE 0.750% 5/0 · principal	1,167,000	$2.5M	No change
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	2,139,000	$2.3M	New
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	1,750,000	$2.1M	No change
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	2,156,000	$2.0M	Reduce -80.1%
PEGASYSTEMS INC (PEGA 0.75 03/01/25)	NOTE 0.750% 3/0 · principal	2,015,000	$2.0M	Reduce -26.9%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	1,435,000	$1.8M	No change
VARONIS SYSTEM INC (VRNS 1.25 08/15/25)	NOTE 1.250% 8/1 · principal	1,035,000	$1.7M	Reduce -3.4%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	1,200,000	$1.3M	Add +140.0%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	1,140,000	$1.2M	No change
RIVIAN AUTO INC (RIVN 4.625 03/15/29)	NOTE 4.625% 3/1 · principal	1,067,000	$1.1M	Reduce -48.4%
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	1,069,000	$1.0M	New
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29)	NOTE 4.000% 5/0 · principal	750,000	$1.0M	New
CLOUDFLARE INC (NET 0 08/15/26)	NOTE 8/1 · principal	995,000	$929K	Reduce -50.3%
ETSY INC (ETSY 0.25 06/15/28)	NOTE 0.250% 6/1 · principal	1,000,000	$789K	No change
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	500,000	$662K	New
NCL CORPORATION LTD (NCLH 5.375 08/01/25)	NOTE 5.375% 8/0 · principal	475,000	$589K	No change
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	677,000	$563K	No change
ZIFF DAVIS INC (ZD 1.75 11/01/26)	NOTE 1.750%11/0 · principal	576,000	$540K	Reduce -98.0%
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	609,000	$530K	Reduce -8.8%
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	450,000	$527K	Reduce -30.8%
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	606,000	$508K	No change
ZILLOW GROUP INC (Z 2.75 05/15/25)	NOTE 2.750% 5/1 · principal	340,000	$346K	Reduce -97.7%
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28)	NOTE 0.500% 6/1 · principal	184,000	$146K	Reduce -28.1%
ON SEMICONDUCTOR CORP (ON 0 05/01/27)	NOTE 5/0 · principal	55,000	$77K	Reduce -34.5%

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q1 2024 → Q2 2024


SJNK SS SPDR BB St Hi Yield ETF	Reduce -87.6%	6.01%	−26.54
DO Diamond Offshore Drilling Inc.	Reduce -46.5%	19.47%	−2.49
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	Reduce -61.3%	1.32%	−1.04
NRG ENERGY INC (NRG 2.75 06/01/48)	Reduce -15.3%	12.02%	+3.58
SMLP Summit Midstream Partners LP	Reduce -19.4%	17.48%	+5.73

Portfolio Buys Q1 2024 → Q2 2024


BKLN Invesco Senior Loan ETF	New	9.38%	+9.38
TREE Lendingtree Inc.	Add +21.1%	20.55%	+8.70
LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30)	Add +0.7%	8.13%	+1.86

Notes & Other Activity Q1 2024 → Q2 2024


DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	Reduce -34.0%	50,916,000	$43.3M
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	Reduce -4.7%	42,833,000	$36.3M
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25)	NOTE 1.250% 5/0 · principal	Add +51.1%	34,420,000	$35.3M
BLACKLINE INC (BL 0.125 08/01/24)	NOTE 0.125% 8/0 · principal	Sold out	31,212,000	$32.5Mbefore exit
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	Add +154.9%	32,900,000	$30.5M
NCL CORPORATION LTD (NCLH 1.125 02/15/27)	NOTE 1.125% 2/1 · principal	Add +23.6%	31,817,000	$30.4M
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	Add +147.9%	28,772,000	$29.4M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	Add +8.9%	29,268,000	$28.7M
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	Reduce -10.6%	27,563,000	$28.6M
SNAP INC (SNAP 0.75 08/01/26)	NOTE 0.750% 8/0 · principal	Sold out	28,443,000	$27.7Mbefore exit
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	Reduce -14.3%	25,166,000	$27.5M
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	Add +2.4%	24,314,000	$26.9M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	Reduce -2.8%	26,705,000	$26.5M
DEXCOM INC (DXCM 0.25 11/15/25)	NOTE 0.250%11/1 · principal	Reduce -2.1%	25,466,000	$25.9M
BLOCK INC (XYZ 0.125 03/01/25)	NOTE 0.125% 3/0 · principal	Sold out	23,979,000	$24.9Mbefore exit
RAPID7 INC (RPD 0.25 03/15/27)	NOTE 0.250% 3/1 · principal	Sold out	27,078,000	$24.5Mbefore exit
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	Add +40.5%	25,224,000	$24.5M
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	Add +7.6%	22,824,000	$23.9M
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	Add +56.4%	18,554,000	$23.3M
LENDINGTREE INC (TREE 0.5 07/15/25)	NOTE 0.500% 7/1 · principal	Sold out	23,635,000	$21.7Mbefore exit
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	Reduce -2.5%	21,326,000	$21.6M
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26)	NOTE 4/0 · principal	Add +39.2%	20,427,000	$21.5M
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	Add +11.2%	18,227,000	$20.3M
CMS ENERGY CORP (CMS 3.375 05/01/28)	NOTE 3.375% 5/0 · principal	New	19,910,000	$20.1M
DROPBOX INC (DBX 0 03/01/26)	NOTE 3/0 · principal	Sold out	20,337,000	$19.6Mbefore exit
PELOTON INTERACTIVE INC (PTON 0 02/15/26)	NOTE 2/1 · principal	Sold out	22,480,000	$19.2Mbefore exit
GUARDANT HEALTH INC (GH 0 11/15/27)	NOTE 11/1 · principal	Add +2866.7%	22,250,000	$17.4M
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27)	NOTE 0.250% 3/0 · principal	Add +104.8%	17,141,000	$16.6M
ENVESTNET INC (ENV 2.625 12/01/27)	NOTE 2.625%12/0 · principal	Reduce -39.5%	14,981,000	$16.4M
BOX INC (BOX 0 01/15/26)	NOTE 1/1 · principal	Add +3.3%	13,300,000	$15.7M
NICE LTD (NICEIT 0 09/15/25)	NOTE 9/1 · principal	Sold out	14,440,000	$15.5Mbefore exit
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	Reduce -37.6%	17,063,000	$15.2M
IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26)	NOTE 1.500% 6/1 · principal	Add +161.2%	15,460,000	$14.7M
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	Add +37.2%	10,143,000	$14.0M
SABRE GLBL INC (SABHLD 7.32 08/01/26)	NOTE 7.320% 8/0 · principal	Reduce -45.8%	14,287,000	$13.7M
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	Reduce -15.3%	9,232,000	$13.5M
AXON ENTERPRISE INC (AXON 0.5 12/15/27)	NOTE 0.500%12/1 · principal	Add +94.6%	9,442,000	$13.3M
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	Reduce -6.7%	13,834,000	$12.6M
POST HOLDINGS INC (POST 2.5 08/15/27)	NOTE 2.500% 8/1 · principal	Reduce -10.8%	10,681,000	$12.2M
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	Reduce -17.9%	9,848,000	$11.8M
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	Reduce -18.4%	12,258,000	$11.5M
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	Add +2.8%	11,150,000	$11.5M
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	New	11,370,000	$11.4M
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	Reduce -4.7%	12,262,000	$11.3M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	Reduce -9.5%	12,099,000	$11.2M
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	Add +1.5%	9,689,000	$11.1M
PERFICIENT INC (PRFT 0.125 11/15/26)	NOTE 0.125%11/1 · principal	Add +321.7%	11,125,000	$10.8M
BURLINGTON STORES INC (BURL 2.25 04/15/25)	NOTE 2.250% 4/1 · principal	Add +11.9%	8,676,000	$10.5M
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27)	NOTE 1.250% 5/1 · principal	Reduce -1.4%	10,744,000	$10.4M
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	New	9,600,000	$10.4M

Showing the first 50 of 110.

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)