SHENKMAN CAPITAL MANAGEMENT INC
Q4 2025 13F-HR Holdings
Net value change ($000)
-69,256
(-6.8%)
New positions
0
Sold out positions
1
Turnover %
1.2%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q3 2025
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| USHY | 35,987 | 296.8% |
| SJNK | 29,858 | 388.7% |
| BKLN | 22,679 | 56.8% |
| CCO | 1,862 | 39.9% |
Top Reduces (Value $000, Stocks/ETFs)
| OPTU | -2,927 | -67.0% |
| SMC | -1,987 | -100.0% |
| TETRA TECH INC NEW | -458 | -4.5% |
| LIBERTY MEDIA CORP DEL | -234 | -19.8% |
Instrument mix + QoQ Δ (ex-options)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|