SHENKMAN CAPITAL MANAGEMENT INC
CIK 1275228 · View on SEC EDGAR ↗
- Portfolio value
- $720.8M
- Positions
- 80
- As of
- June 30, 2026
#3,032 of 9,443 by 13F value · top 32.1%
Portfolio value QoQ: -13.2% 13F does not disclose cash
- Top 10 holdings weight
- 42.54%
- Top 25 holdings weight
- 66.79%
- Positions above 1%
- 33
- Effective number of positions
- 34.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 25.39% Est. buys $265,872,474 · sells $196,935,341
Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 34.8% still held
- New positions
- 28
- Increased
- 15
- Decreased
- 36
- Closed
- 1
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Communication Services
3.3%
Health Care
0.5%
Industrials
0.5%
Financial Services
0.4%
Other/Unmapped
95.3%
Full portfolio 80 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| BKLN | $57,199,048 | 7.93% | 2,753,854 | $17,038,312 | Up ×1 | ||
| USHY | $51,547,059 | 7.15% | 1,363,449 | $-12,603,402 | Down ×1 | ||
| Unknown issuer (CUSIP: 29786AAN6) | $43,826,714 | 6.08% | 47,887,000 | $-4,108,503 | Down ×3 | ||
| Unknown issuer (CUSIP: 70202LAD4) | $32,842,862 | 4.56% | 32,542,000 | $15,449,165 | Up ×1 | ||
| Unknown issuer (CUSIP: 25809KAB1) | $28,617,231 | 3.97% | 28,427,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 86800UAF1) | $23,365,806 | 3.24% | 25,964,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 125896BX7) | $19,505,563 | 2.71% | 17,254,000 | $-2,943,986 | Down ×1 | ||
| SJNK | $16,988,399 | 2.36% | 668,051 | $-32,860,988 | Down ×1 | ||
| Unknown issuer (CUSIP: 76954AAD5) | $16,417,531 | 2.28% | 14,905,000 | $-6,842,744 | Down ×1 | ||
| Unknown issuer (CUSIP: 922280AD4) | $16,328,714 | 2.27% | 16,701,000 | $-5,179,513 | Down ×1 | ||
| WBD Warner Bros. Discovery, Inc. - Series A Common Stock | $15,976,695 | 2.22% | 565,883 | Up ×1 | |||
| Unknown issuer (CUSIP: 45826HAD1) | $14,257,674 | 1.98% | 14,394,000 | $2,659,709 | Up ×1 | ||
| Unknown issuer (CUSIP: 67059NAK4) | $13,180,371 | 1.83% | 13,095,000 | $3,020,449 | Up ×2 | ||
| Unknown issuer (CUSIP: 09239BAF6) | $13,105,056 | 1.82% | 13,966,000 | $-3,707,096 | Down ×1 | ||
| Unknown issuer (CUSIP: 759916AD1) | $13,045,869 | 1.81% | 12,478,000 | $1,732,070 | Up ×6 | ||
| Unknown issuer (CUSIP: 008073AA6) | $12,536,419 | 1.74% | 12,843,000 | $656,989 | Up ×2 | ||
| Unknown issuer (CUSIP: 82982TAA4) | $12,215,127 | 1.69% | 10,809,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 29786AAJ5) | $11,931,275 | 1.66% | 11,453,000 | ||||
| Unknown issuer (CUSIP: 75737FAE8) | $11,508,038 | 1.60% | 11,910,000 | $-22,270 | Down ×2 | ||
| Unknown issuer (CUSIP: 09709UV70) | $10,991,188 | 1.52% | 8,646,000 | $-3,913,189 | Down ×4 | ||
| Unknown issuer (CUSIP: 337932AV9) | $9,899,887 | 1.37% | 8,633,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 88162GAB9) | $9,229,501 | 1.28% | 8,406,000 | $-106,457 | Down ×1 | ||
| Unknown issuer (CUSIP: 57164YAF4) | $9,196,426 | 1.28% | 9,337,000 | $944,528 | Up ×1 | ||
| Unknown issuer (CUSIP: 163072AC5) | $8,902,308 | 1.23% | 6,793,000 | $283,194 | Down ×1 | ||
| Unknown issuer (CUSIP: 91680MAF4) | $8,807,242 | 1.22% | 10,553,000 | $5,159,854 | Up ×1 | ||
| Unknown issuer (CUSIP: 92939UAT3) | $8,605,673 | 1.19% | 8,100,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 29786AAQ9) | $8,506,102 | 1.18% | 7,223,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 501812AD3) | $8,410,061 | 1.17% | 7,307,000 | $4,256,260 | Up ×1 | ||
| Unknown issuer (CUSIP: 665531AJ8) | $8,277,030 | 1.15% | 8,400,000 | $-69,837 | Up ×1 | ||
| Unknown issuer (CUSIP: 723484AK7) | $7,713,403 | 1.07% | 6,400,000 | $-480,789 | Down ×1 | ||
| SATS EchoStar Corporation - Common stock | $7,628,178 | 1.06% | 71,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 465741AQ9) | $7,607,743 | 1.06% | 7,441,000 | $-978,089 | Down ×3 | ||
| Unknown issuer (CUSIP: 23804LAD5) | $7,194,524 | 1.00% | 4,945,000 | $-8,312,658 | Down ×2 | ||
| Unknown issuer (CUSIP: 89677QAB3) | $7,057,197 | 0.98% | 7,050,000 | $5,931,451 | Up ×1 | ||
| Unknown issuer (CUSIP: 15102KAB6) | $7,034,206 | 0.98% | 6,047,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 04280AAC4) | $7,033,666 | 0.98% | 5,752,000 | $-2,141,491 | Down ×1 | ||
| Unknown issuer (CUSIP: 23248VAD7) | $6,938,075 | 0.96% | 4,037,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 34379VAB9) | $6,876,187 | 0.95% | 5,250,000 | $-1,333,952 | Down ×1 | ||
| Unknown issuer (CUSIP: 22410JAD8) | $6,736,902 | 0.93% | 6,500,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 781154AD1) | $6,564,491 | 0.91% | 6,335,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 594972AS0) | $6,520,279 | 0.90% | 7,544,000 | $-19,748,426 | Down ×1 | ||
| Unknown issuer (CUSIP: 02081GAD4) | $6,501,861 | 0.90% | 6,634,000 | $3,738,951 | Up ×1 | ||
| Unknown issuer (CUSIP: 38046YAD3) | $6,447,972 | 0.89% | 5,631,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 589889AB0) | $5,608,179 | 0.78% | 4,970,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 59001ABF8) | $5,504,332 | 0.76% | 5,190,000 | $-4,084,961 | Down ×1 | ||
| Unknown issuer (CUSIP: 737446AT1) | $5,374,418 | 0.75% | 5,063,000 | $-980,216 | Down ×1 | ||
| Unknown issuer (CUSIP: 75134PAB1) | $4,654,851 | 0.65% | 6,112,000 | $-1,204,833 | Down ×1 | ||
| TLT iShares 20+ Year Treasury Bond ETF | $4,547,534 | 0.63% | 36,435 | $2,226,136 | Up ×1 | ||
| Unknown issuer (CUSIP: 01644JAB4) | $4,469,056 | 0.62% | 4,566,000 | $24,744 | Down ×1 | ||
| Unknown issuer (CUSIP: 86800U500) | $4,215,662 | 0.58% | 80,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 842587ED5) | $4,052,038 | 0.56% | 4,000,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 450056AB2) | $4,024,342 | 0.56% | 3,574,000 | $-440,138 | Down ×1 | ||
| Unknown issuer (CUSIP: 970646AA3) | $4,010,659 | 0.56% | 3,600,000 | Up ×1 | |||
| BLCO Bausch + Lomb Corporation Common Shares | $3,605,406 | 0.50% | 205,665 | Up ×1 | |||
| Unknown issuer (CUSIP: 595017BG8) | $3,500,460 | 0.49% | 3,175,000 | $1,538,890 | Up ×1 | ||
| Unknown issuer (CUSIP: 90353TAM2) | $3,429,564 | 0.48% | 2,861,000 | $-1,393,067 | Down ×1 | ||
| Unknown issuer (CUSIP: 35834FAB0) | $3,288,734 | 0.46% | 1,850,000 | $1,506,488 | Up ×2 | ||
| Unknown issuer (CUSIP: 67080NAA9) | $3,205,568 | 0.44% | 3,000,000 | Up ×1 | |||
| ONIT Onity Group Inc. Common Stock | $3,189,061 | 0.44% | 76,885 | $28,315 | |||
| Unknown issuer (CUSIP: 62886HBT7) | $3,161,979 | 0.44% | 2,828,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 538034BC2) | $2,961,470 | 0.41% | 2,449,000 | $-2,331,292 | Down ×2 | ||
| Unknown issuer (CUSIP: 37940XAU6) | $2,742,150 | 0.38% | 3,030,000 | $-15,491,488 | Down ×1 | ||
| Unknown issuer (CUSIP: 26210CAD6) | $2,723,292 | 0.38% | 2,691,000 | $-16,476,218 | Down ×2 | ||
| Unknown issuer (CUSIP: 89422GAB3) | $2,688,765 | 0.37% | 2,250,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 92939UAP1) | $2,681,938 | 0.37% | 2,208,000 | $-887,048 | Down ×3 | ||
| Unknown issuer (CUSIP: 472145AH4) | $2,654,745 | 0.37% | 1,548,000 | $-727,430 | Down ×1 | ||
| Unknown issuer (CUSIP: 36467WAE9) | $2,437,046 | 0.34% | 2,328,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 35834FAC8) | $2,394,927 | 0.33% | 1,350,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 47215PAJ5) | $2,137,598 | 0.30% | 2,173,000 | $-5,474,579 | Down ×2 | ||
| JELD JELD-WEN Holding, Inc. Common Stock | $1,901,287 | 0.26% | 1,196,882 | Up ×1 | |||
| Unknown issuer (CUSIP: 531229AQ5) | $1,751,916 | 0.24% | 1,353,000 | $-3,933,967 | Down ×1 | ||
| Unknown issuer (CUSIP: 92939UAR7) | $1,660,601 | 0.23% | 1,335,000 | $-890,168 | Down ×4 | ||
| Unknown issuer (CUSIP: 018802AE8) | $1,656,679 | 0.23% | 1,500,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 55306NAB0) | $1,648,131 | 0.23% | 559,000 | $-440,130 | Down ×3 | ||
| EAF GrafTech International Ltd. Common Stock | $1,521,978 | 0.21% | 243,153 | Up ×1 | |||
| Unknown issuer (CUSIP: 405024AD2) | $1,346,660 | 0.19% | 1,323,000 | $-461,035 | Down ×1 | ||
| Unknown issuer (CUSIP: 343412AJ1) | $1,334,993 | 0.19% | 1,003,000 | $-523,748 | Down ×3 | ||
| Unknown issuer (CUSIP: 29415FAD6) | $1,138,340 | 0.16% | 1,126,000 | $-2,080,760 | Down ×1 | ||
| Unknown issuer (CUSIP: 02079K404) | $510,292 | 0.07% | 9,050 | Up ×1 | |||
| GMEWS | $36,120 | 0.01% | 12,734 | $-40,496 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| None | $13,045,869 | 1.81% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 25809KAB1) | $28,617,231 | 28,427,000 | 3.97% |
| Unknown issuer (CUSIP: 86800UAF1) | $23,365,806 | 25,964,000 | 3.24% |
| WBD | $15,976,695 | 565,883 | 2.22% |
| Unknown issuer (CUSIP: 82982TAA4) | $12,215,127 | 10,809,000 | 1.69% |
| Unknown issuer (CUSIP: 29786AAJ5) | $11,931,275 | 11,453,000 | 1.66% |
| Unknown issuer (CUSIP: 337932AV9) | $9,899,887 | 8,633,000 | 1.37% |
| Unknown issuer (CUSIP: 92939UAT3) | $8,605,673 | 8,100,000 | 1.19% |
| Unknown issuer (CUSIP: 29786AAQ9) | $8,506,102 | 7,223,000 | 1.18% |
| SATS | $7,628,178 | 71,000 | 1.06% |
| Unknown issuer (CUSIP: 15102KAB6) | $7,034,206 | 6,047,000 | 0.98% |
| Unknown issuer (CUSIP: 23248VAD7) | $6,938,075 | 4,037,000 | 0.96% |
| Unknown issuer (CUSIP: 22410JAD8) | $6,736,902 | 6,500,000 | 0.93% |
| Unknown issuer (CUSIP: 781154AD1) | $6,564,491 | 6,335,000 | 0.91% |
| Unknown issuer (CUSIP: 38046YAD3) | $6,447,972 | 5,631,000 | 0.89% |
| Unknown issuer (CUSIP: 589889AB0) | $5,608,179 | 4,970,000 | 0.78% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| SJNK | Trimmed | -1.3M | -$32.9M |
| — | Trimmed | -24.0M | -$19.7M |
| BKLN | Bought more | +836K | +$17.0M |
| — | Bought more | +15.4M | +$15.4M |
| USHY | Trimmed | -343K | -$12.6M |
| — | Trimmed | -10.9M | -$8.3M |
| — | Trimmed | -8.6M | -$6.8M |
| — | Trimmed | -5.5M | -$5.5M |
| — | Trimmed | -7.9M | -$5.2M |
| — | Bought more | +5.6M | +$5.2M |
3 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| CCO | March 31, 2026 | 2,954,589 | $6,529,642 | 0.6% |
| WHRDL | June 30, 2026 | 150,000 | $6,120,857 | No longer tracked |
| TREE | Sept. 30, 2025 | 114,967 | $5,366,660 | -52.3% |
| SMC | Dec. 31, 2025 | 96,723 | $1,986,690 | 30.7% |
| OPTU | March 31, 2026 | 863,189 | $1,443,660 | -34.6% |
| WGHTQ | March 31, 2025 | 557,118 | $707,540 | No longer tracked |