Callodine Capital Management, LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Callodine Capital Management, LP reported 62 stock positions worth $1.5 billion. Its top holding was Spectrum Brands (SPB) at 9.8% of the portfolio, followed by Viatris (VTRS, 8.4%) and Wolverine World Wide (WWW, 5.3%). Compared with Q1 2026, it opened 14 new positions, sold out of 7, added to 21 and reduced 24. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale GSK PLC-Spon ADR (GSK, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001741675
- Portfolio Value
- $1.5B (Q2 2026)
- SEC Filing
- 0001741675-26-000004 ↗ filed Aug 14, 2026
Holdings Value
Holdings 62 stocks · $1.5B
| SPB Spectrum Brands Holdings Inc. | 9.81% | 1,738,825 | $149.1M | Reduce -15.1% |
| VTRS Viatris Inc. | 8.36% | 8,000,742 | $127.1M | Reduce -1.4% |
| WWW Wolverine World Wide Inc. | 5.31% | 4,882,318 | $80.7M | Add +8.4% |
| GPN Global Payments Inc. | 4.74% | 992,651 | $72.0M | Add +16.6% |
| MTCH Match Group Inc. | 4.28% | 1,707,888 | $65.0M | Add +1.0% |
| BTI British American Tob-SP ADR | 4.10% | 1,008,609 | $62.3M | Reduce -6.4% |
| COF Capital One Financial Corp. | 3.69% | 279,730 | $56.1M | Add +6.4% |
| OVV Ovintiv Inc. | 3.45% | 996,807 | $52.5M | Add +35.8% |
| GSK GSK PLC-Spon ADR | 3.38% | 979,740 | $51.4M | Reduce -22.2% |
| BX Blackstone Inc. | 3.16% | 407,621 | $48.0M | Reduce -9.6% |
| UNH Unitedhealth Group Inc. | 3.14% | 114,904 | $47.8M | New |
| OC Owens Corning | 3.03% | 290,130 | $46.1M | Reduce -11.2% |
| FCPT Four Corners Property Trust | 2.49% | 1,541,807 | $37.9M | Reduce -1.5% |
| PRDO Perdoceo Education Corp. | 2.45% | 1,165,826 | $37.3M | Reduce -11.4% |
| MTH Meritage Homes Corp. | 2.43% | 440,000 | $36.9M | Add +225.9% |
| ET Energy Transfer LP | 2.36% | 1,875,000 | $35.9M | No change |
| O Realty Income Corp. | 2.26% | 553,473 | $34.3M | Reduce -0.3% |
| WFC Wells Fargo & Co. | 2.22% | 408,270 | $33.7M | Add +3.1% |
| UDR Udr Inc. | 2.11% | 804,619 | $32.1M | Reduce -3.5% |
| BBWI Bath & Body Works Inc. | 2.04% | 1,342,750 | $31.1M | Add +27.9% |
| APO Apollo Global Management Inc. | 1.95% | 250,318 | $29.6M | Reduce -42.9% |
| JACK Jack in the Box Inc. | 1.79% | 1,717,153 | $27.1M | Reduce -2.5% |
| INVH Invitation Homes Inc. | 1.69% | 850,000 | $25.7M | New |
| SSNC Ss&c Technologies Holdings | 1.69% | 413,751 | $25.7M | Reduce -7.9% |
| MRP Millrose Properties | 1.64% | 829,237 | $24.9M | Add +8.8% |
| TGT Target Corp. | 1.53% | 178,442 | $23.3M | Add +1.3% |
| FSK FS KKR Capital Corp. | 1.46% | 2,109,688 | $22.2M | Add +58.1% |
| DX Dynex Capital Inc. | 1.42% | 1,642,300 | $21.5M | Reduce -1.7% |
| OWL Blue Owl Capital Inc. | 1.36% | 2,370,486 | $20.7M | Reduce -19.7% |
| TSLX Sixth Street Specialty Lendi | 1.33% | 1,176,080 | $20.2M | Add +4.1% |
| SSTK Shutterstock Inc. | 1.15% | 1,249,346 | $17.4M | Reduce -1.8% |
| VLY Valley National Bancorp | 1.02% | 1,058,323 | $15.5M | New |
| GPK Graphic Packaging Holding Co. | 0.98% | 1,405,319 | $14.9M | Add +36.3% |
| PAGP Plains GP Holdings LP | 0.54% | 340,000 | $8.3M | Reduce -12.8% |
| VIRT Virtu Financial Inc. Class A | 0.53% | 136,000 | $8.1M | New |
| TRIP Tripadvisor Inc. | 0.48% | 533,349 | $7.3M | Reduce -7.4% |
| EXR Extra Space Storage Inc. | 0.48% | 50,000 | $7.3M | Reduce -11.5% |
| GEL Genesis Energy L.P. | 0.45% | 484,963 | $6.9M | No change |
| OBDC Blue Owl Capital Corp. | 0.38% | 525,000 | $5.7M | Add +16.7% |
| SHEL Shell PLC-ADR | 0.34% | 66,000 | $5.1M | No change |
| NCDL Nuveen Churchill Direct Lend | 0.33% | 398,400 | $4.9M | Reduce -11.5% |
| CION Cion Investment Corp. | 0.28% | 674,138 | $4.2M | Add +10.1% |
| BXSL Blackstone Secured Lending F | 0.26% | 169,800 | $4.0M | Add +352.8% |
| CFG Citizens Financial Group | 0.23% | 50,000 | $3.5M | New |
| OTF Blue Owl Technology Finance | 0.20% | 300,000 | $3.1M | Add +71.4% |
| BCSF Bain Capital Specialty Finan | 0.16% | 200,000 | $2.5M | Add +86.3% |
| BBDC Barings BDC Inc. | 0.16% | 290,000 | $2.5M | Add +11.5% |
| GSBD Goldman Sachs BDC Inc. | 0.16% | 250,000 | $2.4M | New |
| CGBD Carlyle Secured Lending Inc. | 0.16% | 225,000 | $2.4M | New |
| TCPC BlackRock TCP Capital Corp. | 0.16% | 702,234 | $2.4M | Add +85.9% |
| BAX Baxter International Inc. | 0.15% | 107,922 | $2.3M | Reduce -91.8% |
| CCAP Crescent Capital BDC Inc. | 0.14% | 191,958 | $2.1M | Add +60.0% |
| MSDL Morgan Stanley Direct Lendin | 0.10% | 100,000 | $1.5M | New |
| KBDC Kayne Anderson BDC Inc. | 0.09% | 101,375 | $1.4M | Reduce -65.3% |
| LAZ Lazard Inc. | 0.08% | 30,000 | $1.3M | Reduce -90.3% |
| OCSL Oaktree Specialty Lending Co. | 0.08% | 100,000 | $1.2M | New |
| ARCC Ares Capital Corp. | 0.06% | 50,000 | $927K | New |
| BXMT Blackstone Mortgage Tru Class A | 0.05% | 48,881 | $829K | New |
| PNNT Pennantpark Investment Corp. | 0.05% | 224,000 | $777K | New |
| GBDC Golub Capital BDC Inc. | 0.05% | 58,112 | $748K | Reduce -70.9% |
| VZ Verizon Communications Inc. | 0.03% | 10,000 | $423K | New |
| OFS Ofs Capital Corp. | 0.03% | 107,346 | $380K | New |
Options reported separately and not counted above: OWL calls ($11.8M).
Portfolio Sells Q1 2026 → Q2 2026
| GSK GSK PLC-Spon ADR | Reduce -22.2% | 3.38% | −1.52 |
| APO Apollo Global Management Inc. | Reduce -42.9% | 1.95% | −1.50 |
| ON On Semiconductor | Sold out | 0.00% | −1.44 |
| BAX Baxter International Inc. | Reduce -91.8% | 0.15% | −1.40 |
| MO Altria Group Inc. | Sold out | 0.00% | −1.23 |
| PRDO Perdoceo Education Corp. | Reduce -11.4% | 2.45% | −1.00 |
| UGI Ugi Corp. | Sold out | 0.00% | −0.99 |
| SPB Spectrum Brands Holdings Inc. | Reduce -15.1% | 9.81% | −0.84 |
| LAZ Lazard Inc. | Reduce -90.3% | 0.08% | −0.84 |
| OWL Blue Owl Capital Inc. | Reduce -19.7% | 1.36% | −0.54 |
| BX Blackstone Inc. | Reduce -9.6% | 3.16% | −0.50 |
| SSNC Ss&c Technologies Holdings | Reduce -7.9% | 1.69% | −0.45 |
| MFIC Midcap Financial Investment | Sold out | 0.00% | −0.36 |
| BTI British American Tob-SP ADR | Reduce -6.4% | 4.10% | −0.35 |
| SSTK Shutterstock Inc. | Reduce -1.8% | 1.15% | −0.34 |
| PAA Plains All Amer Pipeline LP | Sold out | 0.00% | −0.32 |
| KBDC Kayne Anderson BDC Inc. | Reduce -65.3% | 0.09% | −0.19 |
| O Realty Income Corp. | Reduce -0.3% | 2.26% | −0.14 |
| GBDC Golub Capital BDC Inc. | Reduce -70.9% | 0.05% | −0.13 |
| PAGP Plains GP Holdings LP | Reduce -12.8% | 0.54% | −0.13 |
| FCPT Four Corners Property Trust | Reduce -1.5% | 2.49% | −0.12 |
| DX Dynex Capital Inc. | Reduce -1.7% | 1.42% | −0.09 |
| NCDL Nuveen Churchill Direct Lend | Reduce -11.5% | 0.33% | −0.08 |
| EXR Extra Space Storage Inc. | Reduce -11.5% | 0.48% | −0.04 |
| GETY Getty Images Holdings Inc. | Sold out | 0.00% | −0.03 |
| STWD Starwood Property Trust Inc. | Sold out | 0.00% | −0.02 |
| TRIP Tripadvisor Inc. | Reduce -7.4% | 0.48% | +0.05 |
| UDR Udr Inc. | Reduce -3.5% | 2.11% | +0.13 |
| OC Owens Corning | Reduce -11.2% | 3.03% | +0.54 |
| JACK Jack in the Box Inc. | Reduce -2.5% | 1.79% | +0.59 |
| VTRS Viatris Inc. | Reduce -1.4% | 8.36% | +0.62 |
Portfolio Buys Q1 2026 → Q2 2026
| UNH Unitedhealth Group Inc. | New | 3.14% | +3.14 |
| MTH Meritage Homes Corp. | Add +225.9% | 2.43% | +1.84 |
| INVH Invitation Homes Inc. | New | 1.69% | +1.69 |
| VLY Valley National Bancorp | New | 1.02% | +1.02 |
| GPN Global Payments Inc. | Add +16.6% | 4.74% | +0.70 |
| BBWI Bath & Body Works Inc. | Add +27.9% | 2.04% | +0.66 |
| MTCH Match Group Inc. | Add +1.0% | 4.28% | +0.61 |
| VIRT Virtu Financial Inc. Class A | New | 0.53% | +0.53 |
| FSK FS KKR Capital Corp. | Add +58.1% | 1.46% | +0.50 |
| OVV Ovintiv Inc. | Add +35.8% | 3.45% | +0.38 |
| COF Capital One Financial Corp. | Add +6.4% | 3.69% | +0.31 |
| GPK Graphic Packaging Holding Co. | Add +36.3% | 0.98% | +0.25 |
| CFG Citizens Financial Group | New | 0.23% | +0.23 |
| BXSL Blackstone Secured Lending F | Add +352.8% | 0.26% | +0.20 |
| GSBD Goldman Sachs BDC Inc. | New | 0.16% | +0.16 |
| CGBD Carlyle Secured Lending Inc. | New | 0.16% | +0.16 |
| MRP Millrose Properties | Add +8.8% | 1.64% | +0.13 |
| WWW Wolverine World Wide Inc. | Add +8.4% | 5.31% | +0.12 |
| MSDL Morgan Stanley Direct Lendin | New | 0.10% | +0.10 |
| OCSL Oaktree Specialty Lending Co. | New | 0.08% | +0.08 |
| BCSF Bain Capital Specialty Finan | Add +86.3% | 0.16% | +0.07 |
| ARCC Ares Capital Corp. | New | 0.06% | +0.06 |
| TCPC BlackRock TCP Capital Corp. | Add +85.9% | 0.16% | +0.06 |
| BXMT Blackstone Mortgage Tru Class A | New | 0.05% | +0.05 |
| OTF Blue Owl Technology Finance | Add +71.4% | 0.20% | +0.05 |
| PNNT Pennantpark Investment Corp. | New | 0.05% | +0.05 |
| CCAP Crescent Capital BDC Inc. | Add +60.0% | 0.14% | +0.04 |
| VZ Verizon Communications Inc. | New | 0.03% | +0.03 |
| TGT Target Corp. | Add +1.3% | 1.53% | +0.03 |
| OFS Ofs Capital Corp. | New | 0.03% | +0.03 |
| OBDC Blue Owl Capital Corp. | Add +16.7% | 0.38% | +0.02 |
| BBDC Barings BDC Inc. | Add +11.5% | 0.16% | +0.01 |
| WFC Wells Fargo & Co. | Add +3.1% | 2.22% | −0.00 |
| CION Cion Investment Corp. | Add +10.1% | 0.28% | −0.02 |
| TSLX Sixth Street Specialty Lendi | Add +4.1% | 1.33% | −0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $1.5B | SPB, VTRS, WWW, GPN, MTCH |
| Q1 2026 | 55 | $1.4B | SPB, VTRS, WWW, GSK, BTI |
| Q4 2025 | 52 | $1.2B | SPB, VTRS, OWL, APO, WWW |
| Q3 2025 | 52 | $1.1B | SPB, WWW, VTRS, OWL, EQH |
| Q2 2025 | 47 | $965.7M | WWW, SPB, COF, VTRS, OWL |
| Q1 2025 | 43 | $601.2M | SPB, WWW, VTRS, BAX, OWL |
| Q4 2024 | 42 | $484.3M | SPB, WWW, VTRS, OWL, GSK |
| Q3 2024 | 42 | $475.6M | WWW, SPB, VTRS, OWL, BAX |
| Q2 2024 | 42 | $425.7M | WWW, VTRS, SPB, OWL, GSK |
| Q1 2024 | 37 | $411.7M | VTRS, TSLX, WWW, SPB, AY |