Shenkman Capital Management Inc.
Shenkman Capital Management, Inc. is an independently owned investment management firm specializing in traditional and alternative credit solutions, recognized globally for expertise in below-investment-grade (leveraged finance) assets. Headquartered in New York City with additional offices in Stamford, CT, Boca Raton, FL, and London, UK, the firm was founded in 1985 and is SEC-registered. Shenkman Capital focuses on delivering comprehensive credit research and investment management services to institutional and high-net-worth clients, employing approximately 125-142 professionals.
Investment Strategy
Shenkman Capital Management is dedicated to portfolios focused on leveraged finance markets, primarily investing in below-investment-grade corporate credit. Their approach emphasizes in-depth, fundamental credit analysis and disciplined portfolio construction. The firm aims to balance risk and return through comprehensive research, agility as a boutique manager, and a commitment to understanding the nuanced differences between investments and trades. Their philosophy is rooted in prudent risk management, capital preservation, and exploiting inefficiencies in the non-investment-grade credit space.
Top Holdings
Equity Positions (7)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BKLN | INVESCO EXCH TRADED FD TR II | 8.66% | $87.1M | 3,737,000 | $20.85 | $20.92 | +$30.8M |
S SJNK | SPDR SERIES TRUST | 1.52% | $15.3M | 600,880 | $25.32 | $25.48 | +$8.2M |
U USHY | ISHARES TR | 1.28% | $12.9M | 344,380 | $36.93 | $37.51 | -$5.2M |
T TREE | LENDINGTREE INC NEW | 0.53% | $5.4M | 114,967 | $29.33 | $37.07 | -$6.4M |
A ATUS | ALTICE USA INC | 0.47% | $4.7M | 1,801,300 | $2.66 | $2.14 | -$128.5K |