Shenkman Capital Management Inc.

Name: SHENKMAN CAPITAL MANAGEMENT INC 13F holdings, Q3 2024
Creator: SHENKMAN CAPITAL MANAGEMENT INC
Published: 2024-11-12

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

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Shenkman Capital Management Inc. reported 11 stock positions worth $175.3 million. Its top holding was iShares Broad Usd High Yield (USHY) at 35.3% of the portfolio, followed by Invesco Senior Loan ETF (BKLN, 27.4%) and Lendingtree (TREE, 13.8%). Compared with Q2 2024, it opened 2 new positions, sold out of 2, added to 2 and reduced 5. The biggest buy was a new position in iShares Broad Usd High Yield (USHY) and the biggest sale an exit from Diamond Offshore Drilling (DO).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001275228
Portfolio Value: $175.3M (Q3 2024)
SEC Filing: 0001085146-24-005542 ↗ filed Nov 12, 2024

Holdings Value

Holdings 11 stocks · $175.3M


USHY iShares Broad Usd High Yield	35.27%	1,613,089	$61.8M	New
BKLN Invesco Senior Loan ETF	27.38%	2,184,100	$48.0M	Add +411.8%
TREE Lendingtree Inc.	13.81%	417,379	$24.2M	Reduce -11.7%
SMC Summit Midstream Corp.	8.32%	416,281	$14.6M	Reduce -11.5%
TETRA TECH INC (TTEK 2.25 08/15/28)	5.91%	7,635,000	$10.4M	New
LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30)	3.46%	17,157,000	$6.1M	Reduce -21.3%
CCO Clear Channel Outdoor Holdin	2.01%	2,204,589	$3.5M	Add +29.3%
NRG ENERGY INC (NRG 2.75 06/01/48)	1.53%	1,201,000	$2.7M	Reduce -79.9%
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29)	1.42%	7,000,000	$2.5M	No change
SJNK SS SPDR BB St Hi Yield ETF	0.62%	42,040	$1.1M	Reduce -81.7%
WGHTQ WW International Inc. filed as WW INTL INC	0.28%	557,118	$489K	No change

Other holdings (99): bonds, preferreds, convertibles and warrants · $1.1B (not counted above)

Security	Class	Shares / Principal	Value	Change
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25)	NOTE 1.250% 5/0 · principal	46,465,000	$47.5M	Add +35.0%
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	52,977,000	$47.2M	Add +4.0%
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	36,436,000	$32.6M	Add +220.5%
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	28,141,000	$31.4M	Add +11.8%
RAPID7 INC (RPD 1.25 03/15/29)	NOTE 1.250% 3/1 · principal	31,213,000	$29.8M	New
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	32,843,000	$28.7M	Add +4751.3%
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26)	NOTE 4/0 · principal	27,960,000	$28.2M	Add +36.9%
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	38,523,000	$27.6M	Add +214.2%
GUARDANT HEALTH INC (GH 0 11/15/27)	NOTE 11/1 · principal	31,814,000	$25.7M	Add +43.0%
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	24,248,000	$25.7M	Add +117.5%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	23,866,000	$24.9M	Reduce -5.4%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	23,299,000	$23.9M	Reduce -20.4%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29)	NOTE 1.500%12/1 · principal	20,109,000	$23.8M	New
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27)	NOTE 0.250% 3/0 · principal	23,289,000	$23.6M	Add +35.9%
CMS ENERGY CORP (CMS 3.375 05/01/28)	NOTE 3.375% 5/0 · principal	21,252,000	$23.4M	Add +6.7%
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	17,987,000	$21.8M	Reduce -26.0%
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	21,075,000	$21.2M	Reduce -1.2%
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26)	NOTE 2.000% 6/1 · principal	18,666,000	$19.1M	Add +118.0%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	17,590,000	$18.5M	Reduce -34.1%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	14,132,000	$16.8M	Reduce -22.5%
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	13,069,000	$16.3M	Add +28.9%
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	11,223,000	$16.3M	Add +21.6%
BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN)	MTNF 0.600% 5/2 · principal	13,665,000	$15.3M	New
DATADOG INC (DDOG 0.125 06/15/25)	NOTE 0.125% 6/1 · principal	11,348,000	$15.0M	Add +70.0%
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29)	NOTE 1.125% 2/1 · principal	14,595,000	$14.9M	New
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	15,143,000	$14.9M	Reduce -54.0%
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	14,063,000	$14.4M	Reduce -51.1%
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	12,864,000	$14.2M	Reduce -43.6%
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	9,216,000	$13.9M	Reduce -50.3%
SABRE GLBL INC (SABHLD 4 04/15/25)	NOTE 4.000% 4/1 · principal	13,431,000	$13.6M	Add +55.7%
WORKIVA INC (WK 1.25 08/15/28)	NOTE 1.250% 8/1 · principal	14,119,000	$13.4M	New
NCL CORPORATION LTD (NCLH 1.125 02/15/27)	NOTE 1.125% 2/1 · principal	13,538,000	$13.4M	Reduce -57.5%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	10,469,000	$13.1M	Add +79.0%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28)	NOTE 3.500% 6/0 · principal	8,715,000	$12.8M	New
DISH NETWORK CORP (DISH 0 12/15/25)	NOTE 12/1 · principal	14,598,000	$12.7M	Add +47.4%
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	11,864,000	$12.5M	Add +23.6%
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29)	NOTE 2.000% 3/1 · principal	11,481,000	$12.4M	New
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	12,904,000	$12.3M	Reduce -6.7%
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	9,714,000	$12.2M	Add +354.1%
FIRSTENERGY CORP (FE 4 05/01/26)	NOTE 4.000% 5/0 · principal	11,014,000	$11.9M	Add +104.7%
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26)	NOTE 2.750% 5/1 · principal	10,476,000	$11.8M	Add +18.5%
AXON ENTERPRISE INC (AXON 0.5 12/15/27)	NOTE 0.500%12/1 · principal	6,417,000	$11.8M	Reduce -32.0%
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25)	NOTE 12/1 · principal	9,385,000	$11.7M	New
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	8,450,000	$11.5M	Add +382.9%
GREENBRIER COS INC (GBX 2.875 04/15/28)	NOTE 2.875% 4/1 · principal	9,937,000	$11.3M	Add +56.2%
ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27)	NOTE 1.750% 6/1 · principal	7,390,000	$10.8M	Add +7.7%
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28)	NOTE 0.500% 6/1 · principal	12,115,000	$10.5M	Add +6484.2%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	10,647,000	$10.5M	Reduce -37.6%
PERFICIENT INC (PRFT 0.125 11/15/26)	NOTE 0.125%11/1 · principal	10,587,000	$10.4M	Reduce -4.8%
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28)	NOTE 3.750% 3/1 · principal	9,551,000	$10.1M	Add +7.7%
WAYFAIR INC (W 3.25 09/15/27)	NOTE 3.250% 9/1 · principal	8,126,000	$10.0M	Reduce -17.5%
IMAX CORP (IMAX 0.5 04/01/26)	NOTE 0.500% 4/0 · principal	9,547,000	$9.9M	Add +13.9%
POST HOLDINGS INC (POST 2.5 08/15/27)	NOTE 2.500% 8/1 · principal	8,055,000	$9.8M	Reduce -24.6%
SNAP INC (SNAP 0.125 03/01/28)	NOTE 0.125% 3/0 · principal	11,984,000	$9.6M	Add +16.4%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28)	NOTE 2.500% 9/1 · principal	8,843,000	$9.6M	New
MARRIOTT VACATION WORLDW (VAC 0 01/15/26)	NOTE 1/1 · principal	8,862,000	$8.3M	Reduce -27.7%
NABORS INDUSTRIES INC (NBR 1.75 06/15/29)	NOTE 1.750% 6/1 · principal	10,523,000	$8.3M	Add +7.3%
ETSY INC (ETSY 0.25 06/15/28)	NOTE 0.250% 6/1 · principal	10,000,000	$8.2M	Add +900.0%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26)	NOTE 0.500%12/1 · principal	8,000,000	$7.9M	Reduce -33.9%
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28)	NOTE 2.125% 2/1 · principal	4,631,000	$7.4M	Reduce -28.5%
DISH NETWORK CORP (DISH 3.375 08/15/26)	NOTE 3.375% 8/1 · principal	8,750,000	$7.1M	New
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	7,497,000	$6.7M	Reduce -82.5%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28)	NOTE 1.000% 8/1 · principal	5,570,000	$6.7M	Add +1.6%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	5,999,000	$6.7M	Reduce -2.6%
LCI INDUSTRIES (LCII 1.125 05/15/26)	NOTE 1.125% 5/1 · principal	5,959,000	$6.3M	Add +6.1%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28)	NOTE 1.750% 6/1 · principal	5,420,000	$5.7M	New
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	5,370,000	$5.3M	Reduce -80.5%
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28)	NOTE 3.875% 9/1 · principal	4,545,000	$4.6M	New
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	3,700,000	$4.5M	Add +722.2%
SNAP INC (SNAP 0 05/01/27)	NOTE 5/0 · principal	4,941,000	$4.2M	Reduce -56.6%
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28)	NOTE 1.750% 8/1 · principal	4,300,000	$3.9M	New
SABRE GLBL INC (SABHLD 7.32 08/01/26)	NOTE 7.320% 8/0 · principal	3,258,000	$3.8M	Reduce -77.2%
TRIPADVISOR INC (TRIP 0.25 04/01/26)	NOTE 0.250% 4/0 · principal	4,017,000	$3.8M	Reduce -0.7%
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25)	NOTE 0.750% 5/0 · principal	1,517,000	$3.4M	Add +30.0%
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49)	NOTE 0.750% 3/1 · principal	3,033,000	$3.0M	Reduce -3.2%
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28)	NOTE 1.750%12/0 · principal	1,835,000	$2.8M	Reduce -27.8%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28)	NOTE 3/1 · principal	2,901,000	$2.6M	Reduce -15.3%
STRIDE INC (LRN 1.125 09/01/27)	NOTE 1.125% 9/0 · principal	1,357,000	$2.3M	Reduce -32.0%
BURLINGTON STORES INC (BURL 1.25 12/15/27)	NOTE 1.250%12/1 · principal	1,395,000	$2.0M	New
PEGASYSTEMS INC (PEGA 0.75 03/01/25)	NOTE 0.750% 3/0 · principal	2,015,000	$2.0M	No change
INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	1,043,000	$1.9M	Reduce -70.3%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	1,299,000	$1.5M	Reduce -54.3%
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	1,143,000	$1.3M	Reduce -57.6%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	600,000	$706K	Reduce -50.0%
DEXCOM INC (DXCM 0.25 11/15/25)	NOTE 0.250%11/1 · principal	663,000	$633K	Reduce -97.4%
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	669,000	$623K	Reduce -37.4%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	540,000	$559K	Reduce -52.6%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	446,000	$553K	Reduce -95.4%
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	485,000	$542K	Reduce -87.3%
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	400,000	$521K	Reduce -20.0%
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	352,000	$328K	Reduce -42.2%
RIVIAN AUTO INC (RIVN 4.625 03/15/29)	NOTE 4.625% 3/1 · principal	267,000	$242K	Reduce -75.0%
VERINT SYSTEMS INC (VRNT 0.25 04/15/26)	NOTE 0.250% 4/1 · principal	169,000	$158K	Reduce -95.2%
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	137,000	$128K	Reduce -93.7%
JAMF HOLDING CORP (JAMF 0.125 09/01/26)	NOTE 0.125% 9/0 · principal	121,000	$110K	Reduce -95.9%
ZIFF DAVIS INC (ZD 1.75 11/01/26)	NOTE 1.750%11/0 · principal	111,000	$104K	Reduce -80.7%
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	64,000	$61K	Reduce -98.3%
DAYFORCE INC (DAY 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	50,000	$47K	Reduce -98.2%
ON SEMICONDUCTOR CORP (ON 0 05/01/27)	NOTE 5/0 · principal	25,000	$37K	Reduce -54.5%

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q2 2024 → Q3 2024


DO Diamond Offshore Drilling Inc.	Sold out	0.00%	−19.47
NRG ENERGY INC (NRG 2.75 06/01/48)	Reduce -79.9%	1.53%	−10.49
SMC Summit Midstream Corp.	Reduce -11.5%	8.32%	−9.16
TREE Lendingtree Inc.	Reduce -11.7%	13.81%	−6.74
SJNK SS SPDR BB St Hi Yield ETF	Reduce -81.7%	0.62%	−5.39
LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30)	Reduce -21.3%	3.46%	−4.67
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	Sold out	0.00%	−1.32

Portfolio Buys Q2 2024 → Q3 2024


USHY iShares Broad Usd High Yield	New	35.27%	+35.27
BKLN Invesco Senior Loan ETF	Add +411.8%	27.38%	+17.99
TETRA TECH INC (TTEK 2.25 08/15/28)	New	5.91%	+5.91
CCO Clear Channel Outdoor Holdin	Add +29.3%	2.01%	−0.50

Notes & Other Activity Q2 2024 → Q3 2024


SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25)	NOTE 1.250% 5/0 · principal	Add +35.0%	46,465,000	$47.5M
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	Add +4.0%	52,977,000	$47.2M
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	Add +220.5%	36,436,000	$32.6M
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	Add +11.8%	28,141,000	$31.4M
RAPID7 INC (RPD 1.25 03/15/29)	NOTE 1.250% 3/1 · principal	New	31,213,000	$29.8M
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	Add +4751.3%	32,843,000	$28.7M
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26)	NOTE 4/0 · principal	Add +36.9%	27,960,000	$28.2M
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	Add +214.2%	38,523,000	$27.6M
GUARDANT HEALTH INC (GH 0 11/15/27)	NOTE 11/1 · principal	Add +43.0%	31,814,000	$25.7M
ITRON INC (ITRI 0 03/15/26)	NOTE 3/1 · principal	Add +117.5%	24,248,000	$25.7M
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27)	NOTE 0.500% 8/0 · principal	Reduce -5.4%	23,866,000	$24.9M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	Reduce -20.4%	23,299,000	$23.9M
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29)	NOTE 1.500%12/1 · principal	New	20,109,000	$23.8M
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27)	NOTE 0.250% 3/0 · principal	Add +35.9%	23,289,000	$23.6M
CMS ENERGY CORP (CMS 3.375 05/01/28)	NOTE 3.375% 5/0 · principal	Add +6.7%	21,252,000	$23.4M
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	Reduce -26.0%	17,987,000	$21.8M
ETSY INC (ETSY 0.125 10/01/26)	NOTE 0.125%10/0 · principal	Reduce -1.2%	21,075,000	$21.2M
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26)	NOTE 2.000% 6/1 · principal	Add +118.0%	18,666,000	$19.1M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27)	NOTE 0.375% 9/0 · principal	Reduce -34.1%	17,590,000	$18.5M
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	Reduce -22.5%	14,132,000	$16.8M
ENVESTNET INC (ENV 2.625 12/01/27)	NOTE 2.625%12/0 · principal	Sold out	14,981,000	$16.4Mbefore exit
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	Add +28.9%	13,069,000	$16.3M
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	Add +21.6%	11,223,000	$16.3M
BOX INC (BOX 0 01/15/26)	NOTE 1/1 · principal	Sold out	13,300,000	$15.7Mbefore exit
BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN)	MTNF 0.600% 5/2 · principal	New	13,665,000	$15.3M
DATADOG INC (DDOG 0.125 06/15/25)	NOTE 0.125% 6/1 · principal	Add +70.0%	11,348,000	$15.0M
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29)	NOTE 1.125% 2/1 · principal	New	14,595,000	$14.9M
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	Reduce -54.0%	15,143,000	$14.9M
IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26)	NOTE 1.500% 6/1 · principal	Sold out	15,460,000	$14.7Mbefore exit
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26)	NOTE 0.125% 1/1 · principal	Reduce -51.1%	14,063,000	$14.4M
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	Reduce -43.6%	12,864,000	$14.2M
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	Reduce -50.3%	9,216,000	$13.9M
SABRE GLBL INC (SABHLD 4 04/15/25)	NOTE 4.000% 4/1 · principal	Add +55.7%	13,431,000	$13.6M
WORKIVA INC (WK 1.25 08/15/28)	NOTE 1.250% 8/1 · principal	New	14,119,000	$13.4M
NCL CORPORATION LTD (NCLH 1.125 02/15/27)	NOTE 1.125% 2/1 · principal	Reduce -57.5%	13,538,000	$13.4M
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	Add +79.0%	10,469,000	$13.1M
SEAGATE HDD CAYMAN (STX 3.5 06/01/28)	NOTE 3.500% 6/0 · principal	New	8,715,000	$12.8M
DISH NETWORK CORP (DISH 0 12/15/25)	NOTE 12/1 · principal	Add +47.4%	14,598,000	$12.7M
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)	NOTE 6.500% 7/0 · principal	Add +23.6%	11,864,000	$12.5M
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29)	NOTE 2.000% 3/1 · principal	New	11,481,000	$12.4M
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	Reduce -6.7%	12,904,000	$12.3M
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	Add +354.1%	9,714,000	$12.2M
FIRSTENERGY CORP (FE 4 05/01/26)	NOTE 4.000% 5/0 · principal	Add +104.7%	11,014,000	$11.9M
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26)	NOTE 2.750% 5/1 · principal	Add +18.5%	10,476,000	$11.8M
AXON ENTERPRISE INC (AXON 0.5 12/15/27)	NOTE 0.500%12/1 · principal	Reduce -32.0%	6,417,000	$11.8M
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25)	NOTE 12/1 · principal	New	9,385,000	$11.7M
MICROSTRATEGY INC (MSTR 0 02/15/27)	NOTE 2/1 · principal	Add +382.9%	8,450,000	$11.5M
GREENBRIER COS INC (GBX 2.875 04/15/28)	NOTE 2.875% 4/1 · principal	Add +56.2%	9,937,000	$11.3M
ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27)	NOTE 1.750% 6/1 · principal	Add +7.7%	7,390,000	$10.8M
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28)	NOTE 0.500% 6/1 · principal	Add +6484.2%	12,115,000	$10.5M

Showing the first 50 of 116.

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)