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SCM
Shenkman Capital Management Portfolio holdings
AUM
$721M
1-Year Est. Return
0.22%
This Fund
S&P 500
This Quarter
Est. Return
+0.93%
1 Year Est. Return
-0.22%
3 Year Est. Return
+3.15%
5 Year Est. Return
+8.04%
10 Year Est. Return
+38.65%
AUM
$1.29B
AUM Growth
+$125M
(+11%)
Cap. Flow
-$896M
Cap. Flow
% of AUM
-69.49%
Top 10 Holdings %
Top 10 Hldgs %
29.69%
Holding
112
New
2
Increased
2
Reduced
5
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$59.6M |
| 2 |
Invesco Senior Loan ETF
BKLN
|
+$36.9M |
| 3 |
Clear Channel Outdoor Holdings
CCO
|
+$782K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DO
Diamond Offshore Drilling, Inc.
DO
|
+$18.6M |
| 2 |
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
|
+$4.76M |
| 3 |
LendingTree
TREE
|
+$2.87M |
| 4 |
SMC
Summit Midstream
SMC
|
+$1.95M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$1.27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 96.68% |
| 2 | Financials | 1.88% |
| 3 | Energy | 1.13% |
| 4 | Communication Services | 0.27% |
| 5 | Consumer Discretionary | 0.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.3B
| $61.8M | 4.8% |
+1,613,089
| New | +$59.6M |
|
|
2
Invesco Senior Loan ETF
BKLN
$6.77B
| $48M | 3.72% |
2,184,100
+1,757,350
| +412% | +$36.9M |
|
|
3
LendingTree
TREE
$377M
| $24.2M | 1.88% |
417,379
-55,523
| -12% | -$2.87M |
|
|
SMC
4
Summit Midstream
SMC
$468M
| $14.6M | 1.13% |
416,281
-54,032
| -11% | -$1.95M |
|
|
5
Clear Channel Outdoor Holdings
CCO
$1.21B
| $3.53M | 0.27% |
2,204,589
+500,000
| +29% | +$782K |
|
|
6
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.71B
| $1.08M | 0.08% |
42,040
-188,200
| -82% | -$4.76M |
|
|
WW
7
DELISTED
WW International
WW
| $489K | 0.04% |
557,118
| – | – |
|
|
8
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.1B
| – | – |
-16,405
| Closed | -$1.27M |
|
|
DO
9
DELISTED
Diamond Offshore Drilling, Inc.
DO
| – | – |
-1,219,617
| Closed | -$18.6M |
|
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Shenkman Capital Management's Q3 2024 Portfolio in Review
As of Q3 2024, Shenkman Capital Management held 112 positions worth $1.29B, up 11% from $1.16B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Shenkman Capital Management withdrew a net $896M in Q3 2024, closing 2 positions and reducing 5 holdings. Its most notable exit was Diamond Offshore Drilling, Inc., an estimated $18.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 97% of assets, up from 95% a quarter earlier, followed by Financials and Energy.
Against the trend, Shenkman Capital Management opened a new position in iShares Broad USD High Yield Corporate Bond ETF worth $61.8M.
- Shenkman Capital Management's largest Q3 2024 buy was iShares Broad USD High Yield Corporate Bond ETF: 1,613,089 shares worth $61.8M.
- Shenkman Capital Management added most to Invesco Senior Loan ETF in Q3 2024, an estimated $36.9M increase.
- Shenkman Capital Management's biggest Q3 2024 reduction was State Street SPDR Bloomberg Short Term High Yield Bond ETF, cutting an estimated $4.76M.
- Shenkman Capital Management fully exited Diamond Offshore Drilling, Inc. in Q3 2024, selling an estimated $18.6M.
- Shenkman Capital Management's ten largest holdings make up 30% of its $1.29B portfolio in Q3 2024.
- Shenkman Capital Management opened 2 new positions and closed 2 in Q3 2024.
- Shenkman Capital Management's portfolio value rose 11% quarter-over-quarter to $1.29B.
Based on Shenkman Capital Management's 13F filing for Q3 2024, filed 12 Nov 2024.