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 2025 included $1,017,089,744 in managed 13F securities
and a top 10 holdings concentration of 30.31%. Shenkman Capital Management's largest holding is ETSY INC NOTE 0.250% 6/1 with shares held of 66,215,000. Whalewisdom has at least 90 13F filings, and 6 13G filings
Business Description
Shenkman Capital Management, Inc. ("Shenkman"), a New York Corporation, is a global investment advisory firm founded in 1985 by Mark R. Shenkman. Mark R. Shenkman, acting as trustee of the Mark R. Shenkman Revocable Trust, is the controlling shareholder of the firm. Shenkman is registered with the SEC as an investment adviser, as mandated by the Investment Advisers Act of 1940.
The firm primarily manages client assets on a discretionary basis, entering into a written agreement that defines the scope of its discretion before managing assets. Unless otherwise instructed, Shenkman has the authority to determine the securities to be purchased and sold, as well as the amounts, for client accounts, adhering to any specified restrictions or guidelines. Differences in client investment objectives, risk tolerances, and other factors can lead to variations in invested positions and securities held among clients. This authority also extends to Shenkman's roles when acting on behalf of a Sponsored Fund or as a general partner or investment adviser to such a fund.
Investment Strategy
The investment strategies offered include a range of Traditional Credit options. These encompass Senior Secured Loans, with strategies covering U.S. and Global Leveraged Loans, as well as Ratings Constrained and Loss Constrained approaches. High-Yield Bonds are also a key component, featuring U.S., European, and Global High-Yield Bond strategies, along with Ratings and/or Loss Constrained High-Yield Bonds, and Global Fallen Angel/Rising Stars strategies. Additionally, Traditional Credit includes Short Duration High-Yield Bonds (U.S. and Global) and Convertible Securities, which comprise U.S. and Global convertible securities, and investment grade convertible securities strategies.
Beyond Traditional Credit, the strategies extend to Alternative Credit. This category primarily focuses on CLO Debt & Equity. Within CLO Debt & Equity, the strategies include High Grade, Broad Market, CLO Equity, and Opportunistic approaches. Investing in these strategies involves the risk of loss, including loss of principal.
Owners
- SHENKMAN FAMILY 2012 TRUST - SHAREHOLDER
- KURZER, ADAM, SCOTT - VICE CHAIRMAN
- SLATKY, JUSTIN, WARREN - EXECUTIVE VICE PRESIDENT; TRUSTEE; DIRECTOR
- ROSENZWEIG, VICTOR, MOE - DIRECTOR
- MANGIERO, DANIEL, JAMES - CHIEF OPERATING OFFICER
- TODOROVICH, SERGE, NMN - CHIEF LEGAL OFFICER; CHIEF COMPLIANCE OFFICER
- SCANLON, NEIL, ANTHONY - CHIEF FINANCIAL OFFICER
- THOMAS, GLORIA, PENN - DIRECTOR
- WILLIAMS, JASON, DAVID - DIRECTOR
- LARSEN, JAMES, ROBERT - GENERAL COUNSEL
- SHENKMAN, MARK, RONALD - PRESIDENT; DIRECTOR; TRUSTEE Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
(Subscription Required)
Other Contact Information
(Subscription Required)
2025-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| DEBT-UNIT UNITI GROUP LLC NOTE (PRN) | 4.22% |
| DEBT-VARO VARONIS SYS INC NOTE (PRN) | 1.97% |
| DEBT-CMS CMS ENERGY CORP NOTE (PRN) | 1.8% |
| DEBT-DUKE DUKE ENERGY CORP NEW (PRN) | 1.61% |
| DEBT-SOUT SOUTHERN CO NOTE 4.5 (PRN) | 1.6% |
2025-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| BKLN Invesco Senior Loan | 4.74% |
| DEBT-ECHO ECHOSTAR CORP NOTE 3 (PRN) | 3.49% |
| DEBT-LUME LUMENTUM HLDGS INC N (PRN) | 2.59% |
| DEBT-COIN COINBASE GLOBAL INC (PRN) | 1.15% |
| DEBT-ETSY ETSY INC NOTE 0.125% (PRN) | 0.93% |
2025-09-30
13F Holdings Summary
| Name | % of Portfolio |
|---|---|
| DEBT-ETSY ETSY INC NOTE 0.250%(PRN) | 5.77% |
| DEBT-UNIT UNITI GROUP LLC NOTE(PRN) | 4.22% |
| BKLN Invesco Senior Loan | 3.93% |
| DEBT-DUKE DUKE ENERGY CORP NEW(PRN) | 3.26% |
| DEBT-SNAP SNAP INC NOTE 0.500%(PRN) | 2.41% |
2025-09-30
13F Activity
| Market Value | $1.02b, Prior: $1.00b |
| Inflows (Outflows) as % of Total MV | (-4.8353)% |
| New Purchases | 10 stocks |
| Added To | 51 stocks |
| Sold out of | 11 stocks |
| Reduced holdings in | 34 stocks |
| Top 10 Holdings % | 30.31% |
| Turnover %[1] | 15.67% |
| Turnover Alt %[2] | 25.08% |
| Time Held Top 20 | 1.3 quarters |
| Time Held Top 10 | 1.6 quarters |
| Time Held All | 4.82 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.
2025-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-09-30