# Callodine Capital Management, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1741675. Source: https://holderbook.com/funds/1741675-callodine-capital-management-lp/

- Reported value: $1.5B
- Positions: 62
- Weight of the ten largest: 49.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SPECTRUM BRANDS HOLDINGS INC | [SPB](https://holderbook.com/stocks/SPB/) | $149.1M | 1,738,825 | 9.7% | 18 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $127.1M | 8,000,742 | 8.3% | 23 |
| WOLVERINE WORLD WIDE INC | [WWW](https://holderbook.com/stocks/WWW/) | $80.7M | 4,882,318 | 5.3% | 12 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $72.0M | 992,651 | 4.7% | 7 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $65.0M | 1,707,888 | 4.2% | 7 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $62.3M | 1,008,609 | 4.1% | 5 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $56.1M | 279,730 | 3.7% | 7 |
| OVINTIV INC | [OVV](https://holderbook.com/stocks/OVV/) | $52.5M | 996,807 | 3.4% | 4 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $51.4M | 979,740 | 3.4% | 15 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $48.0M | 407,621 | 3.1% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $47.8M | 114,904 | 3.1% | 1 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $46.1M | 290,130 | 3.0% | 4 |
| FOUR CORNERS PPTY TR INC | [FCPT](https://holderbook.com/stocks/FCPT/) | $37.9M | 1,541,807 | 2.5% | 4 |
| PERDOCEO ED CORP | [PRDO](https://holderbook.com/stocks/PRDO/) | $37.3M | 1,165,826 | 2.4% | 10 |
| MERITAGE HOMES CORP | [MTH](https://holderbook.com/stocks/MTH/) | $36.9M | 440,000 | 2.4% | 2 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $35.9M | 1,875,000 | 2.3% | 31 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $34.3M | 553,473 | 2.2% | 6 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $33.7M | 408,270 | 2.2% | 3 |
| BLUE OWL CAPITAL INC | [OWL](https://holderbook.com/stocks/OWL/) | $32.5M | 2,370,486 | 2.1% | 20 |
| UDR INC | [UDR](https://holderbook.com/stocks/UDR/) | $32.1M | 804,619 | 2.1% | 4 |
| BATH & BODY WORKS INC | [BBWI](https://holderbook.com/stocks/BBWI/) | $31.1M | 1,342,750 | 2.0% | 2 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $29.6M | 250,318 | 1.9% | 6 |
| JACK IN THE BOX INC | [JACK](https://holderbook.com/stocks/JACK/) | $27.1M | 1,717,153 | 1.8% | 9 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $25.7M | 850,000 | 1.7% | 1 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $25.7M | 413,751 | 1.7% | 12 |
| MILLROSE PPTYS INC | [MRP](https://holderbook.com/stocks/MRP/) | $24.9M | 829,237 | 1.6% | 3 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $23.3M | 178,442 | 1.5% | 5 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $22.2M | 2,109,688 | 1.4% | 2 |
| DYNEX CAP INC | [DX](https://holderbook.com/stocks/DX/) | $21.5M | 1,642,300 | 1.4% | 2 |
| SIXTH STREET SPECIALTY LENDI | [TSLX](https://holderbook.com/stocks/TSLX/) | $20.2M | 1,176,080 | 1.3% | 25 |
| SHUTTERSTOCK INC | [SSTK](https://holderbook.com/stocks/SSTK/) | $17.4M | 1,249,346 | 1.1% | 5 |
| VALLEY NATL BANCORP | [VLY](https://holderbook.com/stocks/VLY/) | $15.5M | 1,058,323 | 1.0% | 1 |
| GRAPHIC PACKAGING HLDG CO | [GPK](https://holderbook.com/stocks/GPK/) | $14.9M | 1,405,319 | 1.0% | 4 |
| PLAINS GP HLDGS L P | [PAGP](https://holderbook.com/stocks/PAGP/) | $8.3M | 340,000 | 0.5% | 5 |
| VIRTU FINL INC | [VIRT](https://holderbook.com/stocks/VIRT/) | $8.1M | 136,000 | 0.5% | 1 |
| TRIPADVISOR INC | [TRIP](https://holderbook.com/stocks/TRIP/) | $7.3M | 533,349 | 0.5% | 2 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $7.3M | 50,000 | 0.5% | 4 |
| GENESIS ENERGY L P | [GEL](https://holderbook.com/stocks/GEL/) | $6.9M | 484,963 | 0.4% | 9 |
| BLUE OWL CAPITAL CORPORATION | [OBDC](https://holderbook.com/stocks/OBDC/) | $5.7M | 525,000 | 0.4% | 6 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $5.1M | 66,000 | 0.3% | 5 |
| NUVEEN CHURCHILL DIRECT LEND | [NCDL](https://holderbook.com/stocks/NCDL/) | $4.9M | 398,400 | 0.3% | 10 |
| CION INVT CORP | [CION](https://holderbook.com/stocks/CION/) | $4.2M | 674,138 | 0.3% | 14 |
| BLACKSTONE SECD LENDING FD | [BXSL](https://holderbook.com/stocks/BXSL/) | $4.0M | 169,800 | 0.3% | 18 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $3.5M | 50,000 | 0.2% | 1 |
| BLUE OWL TECHNOLOGY FIN CORP | [OTF](https://holderbook.com/stocks/OTF/) | $3.1M | 300,000 | 0.2% | 2 |
| BAIN CAP SPECIALTY FIN INC | [BCSF](https://holderbook.com/stocks/BCSF/) | $2.5M | 200,000 | 0.2% | 3 |
| BARINGS BDC INC | [BBDC](https://holderbook.com/stocks/BBDC/) | $2.5M | 290,000 | 0.2% | 25 |
| GOLDMAN SACHS BDC INC | [GSBD](https://holderbook.com/stocks/GSBD/) | $2.4M | 250,000 | 0.2% | 1 |
| CARLYLE SECURED LENDING INC | [CGBD](https://holderbook.com/stocks/CGBD/) | $2.4M | 225,000 | 0.2% | 1 |
| BLACKROCK TCP CAPITAL CORP | [TCPC](https://holderbook.com/stocks/TCPC/) | $2.4M | 702,234 | 0.2% | 2 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $2.3M | 107,922 | 0.2% | 12 |
| CRESCENT CAP BDC INC | [CCAP](https://holderbook.com/stocks/CCAP/) | $2.1M | 191,958 | 0.1% | 3 |
| MORGAN STANLEY DIRECT LENDIN | [MSDL](https://holderbook.com/stocks/MSDL/) | $1.5M | 100,000 | 0.1% | 1 |
| KAYNE ANDERSON BDC INC | [KBDC](https://holderbook.com/stocks/KBDC/) | $1.4M | 101,375 | 0.1% | 9 |
| LAZARD INC | [LAZ](https://holderbook.com/stocks/LAZ/) | $1.3M | 30,000 | 0.1% | 2 |
| OAKTREE SPECIALTY LENDING | [OCSL](https://holderbook.com/stocks/OCSL/) | $1.2M | 100,000 | 0.1% | 1 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $926.5K | 50,000 | 0.1% | 1 |
| BLACKSTONE MORTGAGE TRUST IN | [BXMT](https://holderbook.com/stocks/BXMT/) | $828.5K | 48,881 | 0.1% | 1 |
| PENNANTPARK INVT CORP | [PNNT](https://holderbook.com/stocks/PNNT/) | $777.3K | 224,000 | 0.1% | 1 |
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $748.5K | 58,112 | 0.0% | 17 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $423.4K | 10,000 | 0.0% | 1 |
| OFS CAP CORP | [OFS](https://holderbook.com/stocks/OFS/) | $380.0K | 107,346 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.0% | +14.8% | -6.8% | 99% |
| Q1 2026 | -0.8% | -4.6% | +3.8% | 100% |
| Q4 2025 | +0.6% | +2.4% | -1.7% | 100% |
| Q3 2025 | +5.4% | +7.8% | -2.5% | 100% |
| Q2 2025 | +0.2% | +10.5% | -10.3% | 100% |
| Q1 2025 | -7.0% | -4.6% | -2.4% | 100% |
| Q4 2024 | +2.2% | +2.1% | +0.1% | 99% |
| Q3 2024 | +8.5% | +5.4% | +3.1% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.5B | 62 |
| Q1 2026 | $1.4B | 55 |
| Q4 2025 | $1.2B | 52 |
| Q3 2025 | $1.1B | 53 |
| Q2 2025 | $965.7M | 47 |
| Q1 2025 | $601.2M | 43 |
| Q4 2024 | $484.3M | 42 |
| Q3 2024 | $479.6M | 43 |
| Q2 2024 | $428.7M | 43 |
| Q1 2024 | $413.3M | 38 |
| Q4 2023 | $379.7M | 38 |
| Q3 2023 | $358.7M | 42 |