Shenkman Capital Management Inc 13F annual report

Shenkman Capital Management Inc is an investment fund managing more than $85.6 billion ran by Serge Todorovich. There are currently 9 companies in Mr. Todorovich’s portfolio. The largest investments include LendingTree and Diamond Offshore Drilling In, together worth $38.3 billion.

$85.6 billion Assets Under Management (AUM)

As of 1st August 2024, Shenkman Capital Management Inc’s top holding is 472,902 shares of LendingTree currently worth over $19.7 billion and making up 23.0% of the portfolio value. Relative to the number of outstanding shares of LendingTree, Shenkman Capital Management Inc owns more than approximately 0.1% of the company. In addition, the fund holds 1,219,617 shares of Diamond Offshore Drilling In worth $18.6 billion. The third-largest holding is Summit Midstream Partners LP worth $16.7 billion and the next is NRG worth $11.5 billion, with 5,981,000 shares owned.

Currently, Shenkman Capital Management Inc's portfolio is worth at least $85.6 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Shenkman Capital Management Inc

The Shenkman Capital Management Inc office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Serge Todorovich serves as the General Counsel at Shenkman Capital Management Inc.

Recent trades

In the most recent 13F filing, Shenkman Capital Management Inc revealed that it had opened a new position in Invesco Exch Traded Fd Tr Ii and bought 426,750 shares worth $8.98 billion.

The investment fund also strengthened its position in LendingTree by buying 82,500 additional shares. This makes their stake in LendingTree total 472,902 shares worth $19.7 billion. LendingTree soared 104.5% in the past year.

On the other hand, Serge Todorovich disclosed a decreased stake in Diamond Offshore Drilling In by 0.5%. This leaves the value of the investment at $18.6 billion and 1,219,617 shares.

One of the smallest hedge funds

The two most similar investment funds to Shenkman Capital Management Inc are Marathon Strategic Advisors and Yorktown Partners X, L.P.. They manage $85.6 billion and $85.5 billion respectively.

Serge Todorovich investment strategy

Shenkman Capital Management Inc’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Finance — making up 23.0% of the total portfolio value. The fund focuses on investments in the United States as 44.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $2.05 billion.

The complete list of Shenkman Capital Management Inc trades based on 13F SEC filings

These positions were updated on August 8th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
LendingTree Inc.	21.13% 472,902	$19,667,994,000	22.98%
Diamond Offshore Drilling In	46.53% 1,219,617	$18,632,416,000	21.77%
Summit Midstream Partners LP	19.41% 470,313	$16,724,330,000	19.54%
NRG Energy Inc.	15.30% 5,981,000	$11,497,226,000	13.44%
Invesco Exch Traded Fd Tr Ii	Opened 426,750	$8,978,820,000	10.49%
Spdr Ser Tr	87.58% 230,240	$5,749,093,000	6.72%
Clear Channel Outdoor Hldgs	No change 1,704,589	$2,403,470,000	2.81%
Ishares Tr	61.31% 16,405	$1,265,482,000	1.48%
WW International Inc	No change 557,118	$651,828,000	0.76%
No transactions found
Showing first 500 out of 9 holdings