Q4 2025 · 13F-HR
Callodine Capital Management, LPholdings as filed
Filed 2026-02-13 · accession 0001741675-26-000002
$1.25B
Reported value
52
Positions
2025-12-31
Period end
The Brief · Callodine Capital Management, LP · Q4 2025
AI · grounded in 13F
Callodine Capital Management, LP closed its position in Equitable Hldgs Inc EQH, reducing exposure by $52.9M. The fund also exited positions in Sanofi SA SNY and CVS Health Corp CVS, totaling $32.9M and $23.6M respectively. On the buy side, the fund increased its stake in Global Pmts Inc GPN by 63.5% and GSK PLC GSK by 43.1%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 84790A105 | SPB | SPECTRUM BRANDS HLDGS INC NE | $122.0M | 9.80% | 2,065,216 | Common | SOLE |
| 92556V106 | VTRS | VIATRIS INC | $120.5M | 9.68% | 9,680,736 | Common | SOLE |
| 09581B103 | OWL | BLUE OWL CAPITAL INC | $75.4M | 6.06% | 5,047,402 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $66.7M | 5.36% | 460,726 | Common | SOLE |
| 978097103 | WWW | WOLVERINE WORLD WIDE INC | $64.0M | 5.14% | 3,524,326 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $54.9M | 4.41% | 226,345 | Common | SOLE |
| 57667L107 | MTCH | MATCH GROUP INC NEW | $52.0M | 4.18% | 1,611,428 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $49.3M | 3.96% | 1,004,327 | Common | SOLE |
| 37940X102 | GPN | GLOBAL PMTS INC | $44.8M | 3.60% | 578,980 | Common | SOLE |
| 53115L104 | LBRT | LIBERTY ENERGY INC | $42.3M | 3.39% | 2,288,934 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $38.5M | 3.09% | 680,377 | Common | SOLE |
| 015857105 | AQN | ALGONQUIN PWR UTILS CORP | $35.4M | 2.84% | 5,749,636 | Common | SOLE |
| 466367109 | JACK | JACK IN THE BOX INC | $32.2M | 2.59% | 1,700,504 | Common | SOLE |
| 756109104 | O | REALTY INCOME CORP | $31.6M | 2.54% | 560,083 | Common | SOLE |
| 071813109 | BAX | BAXTER INTL INC | $30.8M | 2.47% | 1,611,166 | Common | SOLE |
| 35086T109 | FCPT | FOUR CORNERS PPTY TR INC | $30.2M | 2.42% | 1,309,282 | Common | SOLE |
| 71363P106 | PRDO | PERDOCEO ED CORP | $28.3M | 2.27% | 963,690 | Common | SOLE |
| 02209S103 | MO | ALTRIA GROUP INC | $27.2M | 2.18% | 471,652 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $26.1M | 2.10% | 1,585,000 | Common | SOLE |
| 690742101 | OC | OWENS CORNING NEW | $25.9M | 2.08% | 231,168 | Common | SOLE |
| 902681105 | UGI | UGI CORP NEW | $25.3M | 2.03% | 675,369 | Common | SOLE |
| 83012A109 | TSLX | SIXTH STREET SPECIALTY LENDI | $23.9M | 1.92% | 1,101,992 | Common | SOLE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $20.7M | 1.67% | 237,253 | Common | SOLE |
| 825690100 | SSTK | SHUTTERSTOCK INC | $19.7M | 1.59% | 1,033,963 | Common | SOLE |
| 388689101 | GPK | GRAPHIC PACKAGING HLDG CO | $15.5M | 1.24% | 1,026,776 | Common | SOLE |
| 87612E106 | TGT | TARGET CORP | $12.3M | 0.99% | 126,000 | Common | SOLE |
| 601137102 | MRP | MILLROSE PPTYS INC | $10.8M | 0.87% | 361,647 | Common | SOLE |
| 72651A207 | PAGP | PLAINS GP HLDGS L P | $10.3M | 0.83% | 540,000 | Common | NONE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $9.5M | 0.76% | 101,500 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $8.6M | 0.69% | 117,000 | Common | SOLE |
| 83443Q103 | SOLS | SOLSTICE ADVANCED MATLS INC | $8.2M | 0.66% | 169,300 | Common | SOLE |
| 371927104 | GEL | GENESIS ENERGY L P | $7.3M | 0.59% | 470,287 | Common | SOLE |
| 67090S108 | NCDL | NUVEEN CHURCHILL DIRECT LEND | $7.3M | 0.59% | 549,369 | Common | SOLE |
| 902653104 | UDR | UDR INC | $7.0M | 0.56% | 190,000 | Common | SOLE |
| 682189105 | ON | ON SEMICONDUCTOR CORP | $6.7M | 0.54% | 124,200 | Common | SOLE |
| 30225T102 | EXR | EXTRA SPACE STORAGE INC | $6.5M | 0.52% | 50,000 | Common | SOLE |
| 38173M102 | GBDC | GOLUB CAP BDC INC | $6.1M | 0.49% | 450,000 | Common | SOLE |
| 48662X105 | KBDC | KAYNE ANDERSON BDC INC | $5.7M | 0.46% | 400,000 | Common | SOLE |
| 03761U502 | MFIC | MIDCAP FINANCIAL INVSTMNT CO | $5.5M | 0.44% | 483,408 | Common | SOLE |
| 17259U204 | CION | CION INVT CORP | $5.4M | 0.44% | 562,388 | Common | SOLE |
| 69121K104 | OBDC | BLUE OWL CAPITAL CORPORATION | $3.7M | 0.30% | 300,000 | Common | SOLE |
| 06759L103 | BBDC | BARINGS BDC INC | $3.3M | 0.26% | 356,544 | Common | SOLE |
| 78467V608 | SRLN | SSGA ACTIVE ETF TR | $2.9M | 0.23% | 70,000 | Common | SOLE |
| 726503105 | PAA | PLAINS ALL AMERN PIPELINE L | $2.7M | 0.22% | 150,000 | Common | SOLE |
| 47103U845 | JAAA | JANUS DETROIT STR TR | $2.5M | 0.20% | 50,000 | Common | SOLE |
| 69047Q102 | OVV | OVINTIV INC | $2.2M | 0.18% | 56,307 | Common | NONE |
| 09261X102 | BXSL | BLACKSTONE SECD LENDING FD | $2.0M | 0.16% | 75,000 | Common | SOLE |
| 225655109 | CCAP | CRESCENT CAP BDC INC | $1.7M | 0.14% | 120,000 | Common | SOLE |
| 05684B107 | BCSF | BAIN CAP SPECIALTY FIN INC | $1.5M | 0.12% | 107,349 | Common | SOLE |
| 008492100 | ADC | AGREE RLTY CORP | $720,300 | 0.06% | 10,000 | Common | SOLE |
| 85571B105 | STWD | STARWOOD PPTY TR INC | $708,874 | 0.06% | 39,360 | Common | SOLE |
| 374275105 | GETY | GETTY IMAGES HOLDINGS INC | $670,000 | 0.05% | 500,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.