Callodine Capital Management, LP
CIK 1741675 · View on SEC EDGAR ↗
- Portfolio value
- $1.5B
- Positions
- 63
- As of
- June 30, 2026
#1,836 of 9,443 by 13F value · top 19.4%
Portfolio value QoQ: +7.1% 13F does not disclose cash
- Top 10 holdings weight
- 49.88%
- Top 25 holdings weight
- 82.91%
- Positions above 1%
- 32
- Effective number of positions
- 25.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 13.72% Est. buys $203,174,002 · sells $203,537,475
Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 64.3% still held
- New positions
- 14
- Increased
- 21
- Decreased
- 24
- Closed
- 7
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- 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.
Performance vs S&P 500
Annualized: +7.2% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 98.8% · Options excluded: 0.2%
Sector breakdown
Financial Services
21.7%
Healthcare
14.9%
Consumer products
12.1%
Real Estate
12.0%
Energy
7.1%
Consumer Discretionary
7.0%
Communication Services
5.9%
Industrials
4.7%
Consumer Staples
4.1%
Retail
3.5%
Financials
3.4%
Diversified Consumer Services
2.4%
Packaging
1.0%
Telecommunication
0.0%
Full portfolio 63 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPB Spectrum Brands Holdings, Inc. Common Stock | $149,104,244 | 9.73% | 1,738,825 | $-1,891,063 | Down ×2 | ||
| VTRS Viatris Inc. - Common Stock | $127,051,783 | 8.29% | 8,000,742 | $17,367,579 | Down ×2 | ||
| WWW Wolverine World Wide, Inc. Common Stock | $80,704,717 | 5.27% | 4,882,318 | $7,180,424 | Up ×3 | ||
| GPN Global Payments Inc. Common Stock | $72,026,757 | 4.70% | 992,651 | $14,732,181 | Up ×6 | ||
| MTCH Match Group, Inc. - Common Stock | $64,985,138 | 4.24% | 1,707,888 | $13,073,323 | Up ×6 | ||
| BTI British American Tobacco Industries, p.l.c. Common Stock ADR | $62,291,692 | 4.07% | 1,008,609 | $-709,207 | Down ×1 | ||
| COF Capital One Financial Corporation Common Stock | $56,119,433 | 3.66% | 279,730 | $8,141,073 | Up ×3 | ||
| OVV Ovintiv Inc. (DE) | $52,481,889 | 3.43% | 996,807 | $8,923,105 | Up ×2 | ||
| GSK GSK plc American Depositary Shares (Each representing two Ordinary Shares) | $51,357,971 | 3.35% | 979,740 | $-18,152,565 | Down ×1 | ||
| BX Blackstone Inc. Common Stock | $47,964,763 | 3.13% | 407,621 | $-3,892,277 | Down ×1 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $47,757,550 | 3.12% | 114,904 | Up ×1 | |||
| OC Owens Corning Inc Common Stock New | $46,119,065 | 3.01% | 290,130 | $10,760,344 | Down ×1 | ||
| FCPT Four Corners Property Trust, Inc. Common Stock | $37,851,362 | 2.47% | 1,541,807 | $824,756 | Down ×1 | ||
| PRDO Perdoceo Education Corporation - Common Stock | $37,306,432 | 2.44% | 1,165,826 | $-11,682,021 | Down ×1 | ||
| MTH Meritage Homes Corporation Common Stock | $36,894,000 | 2.41% | 440,000 | $28,545,600 | Up ×1 | ||
| ET Energy Transfer LP Common Units | $35,850,000 | 2.34% | 1,875,000 | $-337,500 | |||
| O Realty Income Corporation Common Stock | $34,293,187 | 2.24% | 553,473 | $342,998 | Down ×2 | ||
| WFC Wells Fargo & Company Common Stock | $33,739,433 | 2.20% | 408,270 | $2,216,261 | Up ×2 | ||
| UDR UDR, Inc. Common Stock | $32,120,390 | 2.10% | 804,619 | $3,950,403 | Down ×1 | ||
| BBWI Bath & Body Works, Inc. | $31,057,808 | 2.03% | 1,342,750 | $11,454,308 | Up ×1 | ||
| APO Apollo Global Management, Inc. (New) Common Stock | $29,615,123 | 1.93% | 250,318 | $-19,242,993 | Down ×2 | ||
| JACK Jack In The Box Inc. - Common Stock | $27,148,189 | 1.77% | 1,717,153 | $10,124,444 | Down ×1 | ||
| INVH Invitation Homes Inc. Common Stock | $25,678,500 | 1.68% | 850,000 | Up ×1 | |||
| SSNC SS&C Technologies Holdings, Inc. - Common Stock | $25,673,250 | 1.68% | 413,751 | $-4,692,776 | Down ×1 | ||
| MRP Millrose Properties, Inc. Class A Common Stock | $24,918,572 | 1.63% | 829,237 | $3,571,596 | Up ×2 | ||
| TGT Target Corporation Common Stock | $23,306,310 | 1.52% | 178,442 | $1,957,900 | Up ×4 | ||
| FSK FS KKR Capital Corp. Common Stock | $22,151,724 | 1.45% | 2,109,688 | $8,564,386 | Up ×1 | ||
| DX Dynex Capital, Inc. Common Stock | $21,530,553 | 1.41% | 1,642,300 | $210,456 | Down ×1 | ||
| OWL Blue Owl Capital Inc. Class A Common Stock | $20,741,753 | 1.35% | 2,370,486 | $-6,201,379 | Down ×2 | ||
| TSLX Sixth Street Specialty Lending, Inc. Common Stock | $20,193,294 | 1.32% | 1,176,080 | $-567,284 | Up ×3 | ||
| SSTK Shutterstock, Inc. Common Stock | $17,428,377 | 1.14% | 1,249,346 | $-3,701,852 | Down ×1 | ||
| VLY Valley National Bancorp - Common Stock | $15,504,432 | 1.01% | 1,058,323 | Up ×1 | |||
| GPK Graphic Packaging Holding Company | $14,854,222 | 0.97% | 1,405,319 | $4,608,309 | Up ×3 | ||
| OWL Blue Owl Capital Inc. Class A Common Stock | $11,773,125 | 0.77% | 1,345,500 | Call option | $-511,290 | ||
| PAGP Plains GP Holdings, L.P. - Class A Shares representing limited partner interests | $8,251,800 | 0.54% | 340,000 | $-1,217,400 | Down ×2 | ||
| VIRT Virtu Financial, Inc. Class A Common Stock | $8,101,520 | 0.53% | 136,000 | Up ×1 | |||
| TRIP TripAdvisor, Inc. - Common Stock | $7,312,215 | 0.48% | 533,349 | $1,169,401 | Down ×1 | ||
| EXR Extra Space Storage Inc Common Stock | $7,265,000 | 0.47% | 50,000 | $-143,845 | Down ×1 | ||
| GEL Genesis Energy, L.P. Common Units | $6,871,926 | 0.45% | 484,963 | $-1,774,964 | |||
| OBDC Blue Owl Capital Corporation Common Stock | $5,706,750 | 0.37% | 525,000 | $729,750 | Up ×2 | ||
| SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) | $5,117,640 | 0.33% | 66,000 | $-1,020,360 | |||
| NCDL Nuveen Churchill Direct Lending Corp. Common Stock | $4,948,128 | 0.32% | 398,400 | $-775,872 | Down ×3 | ||
| CION CION Investment Corporation Common Stock | $4,199,880 | 0.27% | 674,138 | $11,146 | Up ×2 | ||
| BXSL Blackstone Secured Lending Fund Common Shares of Beneficial Interest | $4,025,958 | 0.26% | 169,800 | $3,137,583 | Up ×1 | ||
| CFG Citizens Financial Group, Inc. Common Stock | $3,503,500 | 0.23% | 50,000 | Up ×1 | |||
| OTF Blue Owl Technology Finance Corp. Common Stock | $3,105,000 | 0.20% | 300,000 | $936,750 | Up ×1 | ||
| BCSF Bain Capital Specialty Finance, Inc. Common Stock | $2,504,000 | 0.16% | 200,000 | $1,172,872 | Up ×1 | ||
| BBDC Barings BDC, Inc. Common Stock | $2,470,800 | 0.16% | 290,000 | $331,000 | Up ×1 | ||
| GSBD Goldman Sachs BDC, Inc. Common Stock | $2,370,000 | 0.15% | 250,000 | Up ×1 | |||
| CGBD Carlyle Secured Lending, Inc. - Closed End Fund | $2,369,250 | 0.15% | 225,000 | Up ×1 | |||
| TCPC BlackRock TCP Capital Corp. - Closed End Fund | $2,359,506 | 0.15% | 702,234 | $995,915 | Up ×1 | ||
| BAX Baxter International Inc. Common Stock | $2,300,897 | 0.15% | 107,922 | $-19,751,052 | Down ×3 | ||
| CCAP Crescent Capital BDC, Inc. - Common Stock | $2,096,181 | 0.14% | 191,958 | $638,181 | Up ×1 | ||
| MSDL Morgan Stanley Direct Lending Fund Common Stock | $1,512,000 | 0.10% | 100,000 | Up ×1 | |||
| KBDC Kayne Anderson BDC, Inc. Common Stock | $1,371,604 | 0.09% | 101,375 | $-2,631,083 | Down ×2 | ||
| LAZ Lazard, Inc. Common Stock | $1,258,200 | 0.08% | 30,000 | $-11,843,482 | Down ×1 | ||
| OCSL Oaktree Specialty Lending Corporation - Closed End Fund | $1,194,000 | 0.08% | 100,000 | Up ×1 | |||
| ARCC Ares Capital Corporation - Closed End Fund | $926,500 | 0.06% | 50,000 | ||||
| BXMT Blackstone Mortgage Trust, Inc. Common Stock | $828,533 | 0.05% | 48,881 | Up ×1 | |||
| PNNT PennantPark Investment Corporation Common Stock | $777,280 | 0.05% | 224,000 | Up ×1 | |||
| GBDC Golub Capital BDC, Inc. - Closed End Fund | $748,483 | 0.05% | 58,112 | $-1,783,517 | Down ×3 | ||
| VZ Verizon Communications Inc. Common Stock | $423,400 | 0.03% | 10,000 | Up ×1 | |||
| OFS OFS Capital Corporation - Closed End Fund | $380,005 | 0.02% | 107,346 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| UNH | $47,757,550 | 114,904 | 3.12% |
| INVH | $25,678,500 | 850,000 | 1.68% |
| VLY | $15,504,432 | 1,058,323 | 1.01% |
| VIRT | $8,101,520 | 136,000 | 0.53% |
| CFG | $3,503,500 | 50,000 | 0.23% |
| GSBD | $2,370,000 | 250,000 | 0.15% |
| CGBD | $2,369,250 | 225,000 | 0.15% |
| MSDL | $1,512,000 | 100,000 | 0.10% |
| OCSL | $1,194,000 | 100,000 | 0.08% |
| ARCC | $926,500 | 50,000 | 0.06% |
| BXMT | $828,533 | 48,881 | 0.05% |
| PNNT | $777,280 | 224,000 | 0.05% |
| VZ | $423,400 | 10,000 | 0.03% |
| OFS | $380,005 | 107,346 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| MTH | Bought more | +305K | +$28.5M |
| APO | Trimmed | -188K | -$19.2M |
| GSK | Trimmed | -280K | -$18.2M |
| VTRS | Trimmed | -118K | +$17.4M |
| GPN | Bought more | +141K | +$14.7M |
| MTCH | Bought more | +18K | +$13.1M |
| PRDO | Trimmed | -151K | -$11.7M |
| BBWI | Bought more | +293K | +$11.5M |
| OC | Trimmed | -37K | +$10.8M |
| JACK | Trimmed | -43K | +$10.1M |
2 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 |
|---|---|---|---|---|
| EQH | Dec. 31, 2025 | 1,042,693 | $52,947,951 | 3.4% |
| LBRT | March 31, 2026 | 2,288,934 | $42,253,722 | -33.1% |
| AQN | March 31, 2026 | 5,749,636 | $35,360,261 | -5.4% |
| SNY | Dec. 31, 2025 | 698,046 | $32,947,771 | -5.8% |
| CVS | Dec. 31, 2025 | 313,427 | $23,629,262 | 17.9% |
| ON | June 30, 2026 | 330,730 | $20,478,802 | -20.5% |
| MO | June 30, 2026 | 264,844 | $17,477,056 | -7.2% |
| SEE | Dec. 31, 2025 | 473,161 | $16,726,241 | No longer tracked |
| DK | Sept. 30, 2025 | 717,245 | $15,191,249 | 104.3% |
| UGI | June 30, 2026 | 387,287 | $14,104,993 | 9.9% |
| RGA | Dec. 31, 2025 | 71,637 | $13,763,617 | 19.8% |
| MTB | Dec. 31, 2025 | 68,732 | $13,582,818 | 19.1% |
| C | Dec. 31, 2025 | 120,897 | $12,271,046 | 12.9% |
| WBA | Sept. 30, 2025 | 1,030,882 | $11,834,525 | No longer tracked |
| BRKRP | Dec. 31, 2025 | 40,000 | $10,872,000 | 18.7% |
| DNB | March 31, 2025 | 845,808 | $10,538,768 | No longer tracked |
| AMG | March 31, 2025 | 50,000 | $9,246,000 | 113.8% |
| SOLS | March 31, 2026 | 169,300 | $8,224,594 | -25.0% |
| ELV | Sept. 30, 2025 | 19,000 | $7,390,240 | 23.7% |
| AB | June 30, 2025 | 174,060 | $6,668,239 | -11.3% |
| MFIC | June 30, 2026 | 458,108 | $5,149,134 | -2.6% |
| PAA | June 30, 2026 | 200,000 | $4,466,000 | 11.9% |
| SHLS | March 31, 2025 | 800,000 | $4,424,000 | 119.0% |
| ARRY | June 30, 2025 | 816,232 | $3,975,050 | -19.6% |
| MO | March 31, 2025 | 75,000 | $3,921,750 | 11.2% |
| RJF | March 31, 2025 | 25,000 | $3,883,250 | 26.2% |
| SRLN | March 31, 2026 | 70,000 | $2,888,900 | No longer tracked |
| UPS | March 31, 2025 | 22,149 | $2,792,989 | -6.1% |
| JAAA | March 31, 2026 | 50,000 | $2,529,000 | No longer tracked |
| TXNM | March 31, 2025 | 50,495 | $2,482,839 | 7.3% |
| CIM | June 30, 2025 | 150,000 | $1,924,500 | -16.5% |
| ZROZ | June 30, 2025 | 25,000 | $1,790,750 | No longer tracked |
| FSK | Sept. 30, 2025 | 72,040 | $1,494,830 | -20.3% |
| BRKR | Dec. 31, 2025 | 34,000 | $1,104,660 | 25.1% |
| ARCC | Dec. 31, 2025 | 50,000 | $1,020,500 | -2.0% |
| ADC | March 31, 2026 | 10,000 | $720,300 | -1.5% |
| GETY | June 30, 2026 | 600,000 | $476,040 | -68.9% |
| STWD | June 30, 2026 | 20,000 | $344,400 | -0.2% |