Angelo Gordon & Co., L.P.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Angelo Gordon & Co., L.P. reported 25 stock positions worth $276.0 million. Its top holding was Anywhere Real Estate (HOUS) at 21.7% of the portfolio, followed by Starwood Property Trust (stwd 6.75 07/15/27) (10.5%) and NCL Corporation Ltd. (nclh 6 05/15/24) (9.8%). Compared with Q4 2023, it opened 6 new positions, sold out of 13, added to 8 and reduced 2. The biggest buy was a new position in M D C and the biggest sale an exit from Splunk (SPLK).

Most Recent 13F
Q4 2025
Location
NEW YORK, NY
CIK
0000860662
Portfolio Value
$276.0M (Q1 2024)
SEC Filing
0001085146-24-002477 ↗ filed May 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $276.0M $276.0M Q1 2024 Q2 2024: $245.7M Q2 2024 Q3 2024: $294.0M Q3 2024 Q4 2024: $395.2M Q4 2024 Q1 2025: $474.5M Q1 2025 Q2 2025: $623.9M Q2 2025 Q3 2025: $686.7M Q3 2025 Q4 2025: $850.7M Q4 2025

Holdings 25 stocks · $276.0M
HOUS Anywhere Real Estate Inc. 21.71% 9,692,993 $59.9M No change
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) 10.47% 27,250,000 $28.9M Add +39.7%
NCL CORPORATION LTD (NCLH 6 05/15/24) 9.80% 17,750,000 $27.0M Reduce -2.7%
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) filed as REALOGY GRP LLC/REALOGY CO 7.06% 24,587,000 $19.5M Add +3.2%
PXD Pioneer Natural Resources Co. 6.67% 70,119 $18.4M Add +55.8%
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) 6.30% 15,000,000 $17.4M No change
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) 6.12% 18,000,000 $16.9M Add +2.9%
NEE Nextera Energy Inc. 3.85% 166,200 $10.6M No change
CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) 3.77% 7,500,000 $10.4M Add +114.3%
M D C HLDGS INC 3.65% 160,000 $10.1M New
HES Hess Corp. 3.04% 55,000 $8.4M No change
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) 2.93% 14,500,000 $8.1M Add +20.8%
DOOR Masonite International Corp. 2.62% 55,000 $7.2M New
AGMIT MERGER SUB LLC (MITT 6.75 09/15/24) 2.56% 7,130,000 $7.1M New
WRK Westrock Co. 2.24% 125,000 $6.2M Add +25.0%
CPRI Capri Holdings Ltd. 1.48% 90,000 $4.1M Add +41.2%
ERF Enerplus Corp. 1.25% 175,000 $3.4M New
X United States Steel Corp. 1.07% 72,500 $3.0M Reduce -17.1%
SHAKE SHACK INC (SHAK 0 03/01/28) 0.98% 3,000,000 $2.7M New
HA Hawaiian Holdings Inc. 0.72% 150,000 $2.0M New
MITT TPG Mortgage Investment Trus 0.64% 288,290 $1.8M No change
AACT.U Ares Acquisition Corp. II 0.38% 100,000 $1.1M No change
NETDU Nabors Energy Transition Cor 0.38% 100,000 $1.0M No change
HAYMAKER ACQUISITION CORP 4 0.19% 50,000 $523K No change
PAYO Payoneer Global Inc. 0.12% 83,946 $326K No change

Options reported separately and not counted above: AMODW calls ($6.3M), FHLTW calls ($5.3M), TRONW calls ($1.5M), TGAWF calls ($1.5M), TWLVW calls ($1.4M), TLSIW calls ($934K), PLAOW calls ($847K), BLEUACACIA LTD calls ($799K), QUADRO ACQUISITION ONE CORP calls ($731K), XFINW calls ($547K), EVTWF calls ($456K), CMCWF calls ($413K), and 26 more.

Portfolio Sells Q4 2023 → Q1 2024
SPLK Splunk Inc. Sold out 0.00% −3.94
TGH Textainer Group Holdings Ltd. Sold out 0.00% −2.55
DISH NETWORK CORP (DISH 3.375 08/15/26) Sold out 0.00% −2.31
KRTX Karuna Therapeutics Inc. Sold out 0.00% −2.19
AYX Alteryx Inc. Class A Sold out 0.00% −1.95
PHYSICIANS REALTY TRUST Sold out 0.00% −1.28
BVH Bluegreen Vacations Holding Sold out 0.00% −1.17
AMED Amedisys Inc. Sold out 0.00% −0.86
IMGN Immunogen Inc. Sold out 0.00% −0.82
XOM Exxon Mobil Corp. Sold out 0.00% −0.81
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) Sold out 0.00% −0.54
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) Sold out 0.00% −0.46
X United States Steel Corp. Reduce -17.1% 1.07% −0.40
SRC Spirit Realty Capital Inc. Sold out 0.00% −0.08
NCL CORPORATION LTD (NCLH 6 05/15/24) Reduce -2.7% 9.80% +0.32

Portfolio Buys Q4 2023 → Q1 2024
M D C HLDGS INC New 3.65% +3.65
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) Add +39.7% 10.47% +3.23
PXD Pioneer Natural Resources Co. Add +55.8% 6.67% +3.18
DOOR Masonite International Corp. New 2.62% +2.62
AGMIT MERGER SUB LLC (MITT 6.75 09/15/24) New 2.56% +2.56
CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) Add +114.3% 3.77% +2.31
ERF Enerplus Corp. New 1.25% +1.25
SHAKE SHACK INC (SHAK 0 03/01/28) New 0.98% +0.98
WRK Westrock Co. Add +25.0% 2.24% +0.81
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) Add +2.9% 6.12% +0.77
HA Hawaiian Holdings Inc. New 0.72% +0.72
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) Add +3.2% 7.06% +0.61
CPRI Capri Holdings Ltd. Add +41.2% 1.48% +0.37
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) Add +20.8% 2.93% +0.11

Options Activity Q4 2023 → Q1 2024
FICVW Frontier Investment A -CW23 call Sold out 99,999 $1.3Mbefore exit
LCAAW L Catterton Asia Acq-CW call Sold out 25,000 $270Kbefore exit
LOTWW Lotus Technology Inc.-28 call New 25,000 $171K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 39$850.7MHOUS, NVRI, UGI CORP (UGI 5 06/01/28), BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN), EVERGY INC (EVRG 4.5 12/15/27)
Q3 2025 39$686.7MHOUS, EVERGY INC (EVRG 4.5 12/15/27), STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27), BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN), UGI CORP (UGI 5 06/01/28)
Q2 2025 38$623.9MSTARWOOD PROPERTY TRUST (STWD 6.75 07/15/27), EVERGY INC (EVRG 4.5 12/15/27), UGI CORP (UGI 5 06/01/28), WEC ENERGY GROUP INC (WEC 4.375 06/01/29), PG&E CORP (PCG 4.25 12/01/27)
Q1 2025 34$474.5MCINEMARK HOLDINGS INC (CNK 4.5 08/15/25), STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27), EVERGY INC (EVRG 4.5 12/15/27), HOUS, AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25)
Q4 2024 33$395.2MCINEMARK HOLDINGS INC (CNK 4.5 08/15/25), STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27), HOUS, AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25), EVERGY INC (EVRG 4.5 12/15/27)
Q3 2024 31$294.0MHOUS, STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27), CINEMARK HOLDINGS INC (CNK 4.5 08/15/25), AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25), ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26)
Q2 2024Amended 30$245.7MSTARWOOD PROPERTY TRUST (STWD 6.75 07/15/27), HOUS, ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26), AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25), MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)
Q1 2024 25$276.0MHOUS, STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27), NCL CORPORATION LTD (NCLH 6 05/15/24), ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26), PXD