SHENKMAN CAPITAL MANAGEMENT INC
NEW YORK NY
Investment Advisor
Hedge Fund
Shenkman Capital Management is based out of New York. Shenkman Capital Management is a hedge fund with 155 clients and discretionary assets under management (AUM) of $30,803,664,921 (Form ADV from 2024-09-26). Their last reported 13F filing for Q3 2024 included $1,289,521,275 in managed 13F securities
and a top 10 holdings concentration of 29.69%. Shenkman Capital Management's largest holding is iShares Broad USD High Yield Corporate Bond ETF with shares held of 1,613,089. Whalewisdom has at least 86 13F filings, and 6 13G filings
Business Description
Shenkman Capital Management, Inc. ("Shenkman") is a global investment advisory firm founded in 1985 by Mark R. Shenkman, who is also the controlling shareholder as trustee of the Mark R. Shenkman Revocable Trust. Shenkman is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. It's important to note that registration with the SEC does not indicate a specific level of skill or training.
For more information on potential conflicts of interest arising from the management of multiple clients by the Shenkman Group, refer to "Item 10: Other Financial Industry Activities and Affiliations" and "Item 12: Brokerage Practices."
Investment Strategy
The Shenkman Group offers a range of investment strategies, categorized as Traditional Credit and Alternative Credit. Traditional Credit strategies include Senior Secured Loans, High Yield Bonds, Short Duration High Yield Bonds, and Convertible Securities. These strategies encompass various subcategories, such as U.S. and Global Leveraged Loans, Ratings Constrained and Loss Constrained leveraged loan strategies, U.S., European and Global High Yield Bond, Ratings and/or Loss Constrained High Yield Bond, Global Fallen Angel/Rising Stars strategies, U.S. and Global Short Duration High Yield Bond strategies, U.S. and Global convertible securities, and investment grade convertible securities strategies.
Alternative Credit strategies focus on CLO Debt & Equity, encompassing High Grade, Broad Market, CLO Equity and Opportunistic strategies. It is important to note that the investment strategies pursued by the Shenkman Group are speculative and entail substantial risks. Clients should be prepared to bear a substantial or total loss of capital.
Owners
- KURZER, ADAM, SCOTT - VICE CHAIRMAN
- SLATKY, JUSTIN, WARREN - EXECUTIVE VICE PRESIDENT; TRUSTEE
- ROSENZWEIG, VICTOR, MOE - DIRECTOR
- MANGIERO, DANIEL, JAMES - CHIEF OPERATING OFFICER
- TODOROVICH, SERGE, NMN - GENERAL COUNSEL; CHIEF COMPLIANCE OFFICER
- SCANLON, NEIL, ANTHONY - CHIEF FINANCIAL OFFICER
- THOMAS, GLORIA, PENN - DIRECTOR
- WILLIAMS, JASON, DAVID - DIRECTOR
- SHENKMAN, MARK, RONALD - PRESIDENT; DIRECTOR; TRUSTEE
- SHENKMAN FAMILY 2012 TRUST - SHAREHOLDER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| USHY iShares Broad USD Hi | 4.8% |
| BKLN Invesco Senior Loan | 2.95% |
| DEBT-RAPI RAPID7 INC NOTE 1.25 (PRN) | 2.31% |
| DEBT-TELA TELADOC HEALTH INC N (PRN) | 2.18% |
| DEBT-LUME LUMENTUM HLDGS INC N (PRN) | 1.85% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| DEBT-ENPH ENPHASE ENERGY INC N (PRN) | 2.59% |
| DEBT-DEXC DEXCOM INC NOTE 0.25 (PRN) | 2.18% |
| DEBT-FORD FORD MTR CO DEL NOTE (PRN) | 2.05% |
| DO Diamond Offshore Dri | 1.6% |
| DEBT-NCL NCL CORP LTD NOTE 1. (PRN) | 1.57% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| USHY iShares Broad USD Hi | 4.8% |
| BKLN Invesco Senior Loan | 3.72% |
| DEBT-SOUT SOUTHWEST AIRLS CO N(PRN) | 3.68% |
| DEBT-DIGI DIGITALOCEAN HLDGS I(PRN) | 3.66% |
| DEBT-DEXC DEXCOM INC NOTE 0.37(PRN) | 2.53% |
2024-09-30
13F Activity
| Market Value | $1.29b, Prior: $1.16b |
| Inflows (Outflows) as % of Total MV | +5.096% |
| New Purchases | 16 stocks |
| Added To | 37 stocks |
| Sold out of | 20 stocks |
| Reduced holdings in | 54 stocks |
| Top 10 Holdings % | 29.69% |
| Turnover %[1] | 27.69% |
| Turnover Alt %[2] | 31.58% |
| Time Held Top 20 | 0.85 quarters |
| Time Held Top 10 | 0.7 quarters |
| Time Held All | 5.98 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30