Callodine Capital Management, LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Callodine Capital Management, LP reported 37 stock positions worth $411.7 million. Its top holding was Viatris (VTRS) at 6.7% of the portfolio, followed by Sixth Street Specialty Lendi (TSLX, 5.5%) and Wolverine World Wide (WWW, 5.4%). Compared with Q4 2023, it opened 7 new positions, sold out of 7, added to 15 and reduced 13. The biggest buy was a new position in Teck Resources Ltd.-CLS B (TECK) and the biggest sale an exit from Perrigo (PRGO).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001741675
Portfolio Value
$411.7M (Q1 2024)
SEC Filing
0001085146-24-002466 ↗ filed May 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $411.7M $411.7M Q1 2024 Q2 2024: $425.7M Q2 2024 Q3 2024: $475.6M Q3 2024 Q4 2024: $484.3M Q4 2024 Q1 2025: $601.2M Q1 2025 Q2 2025: $965.7M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 37 stocks · $411.7M
VTRS Viatris Inc. 6.67% 2,300,000 $27.5M Reduce -8.7%
TSLX Sixth Street Specialty Lendi 5.55% 1,065,323 $22.8M Reduce -11.2%
WWW Wolverine World Wide Inc. 5.43% 1,994,579 $22.4M Add +4.2%
SPB Spectrum Brands Holdings Inc. 5.08% 235,000 $20.9M Add +5.5%
AY Atlantica Sustainable Infras 4.65% 1,035,000 $19.1M Add +59.0%
OWL Blue Owl Capital Inc. 4.49% 979,305 $18.5M Reduce -8.9%
BBDC Barings BDC Inc. 4.38% 1,940,826 $18.0M Reduce -9.0%
SNY Sanofi-ADR 4.36% 369,189 $17.9M Add +23.1%
BXSL Blackstone Secured Lending F 4.31% 570,000 $17.8M Reduce -11.4%
GSK GSK PLC-Spon ADR 4.17% 400,000 $17.1M Reduce -11.1%
BAX Baxter International Inc. 3.89% 375,000 $16.0M Add +5.6%
MO Altria Group Inc. 3.39% 320,000 $14.0M Add +8.5%
DEI Douglas Emmett Inc. 3.38% 1,002,494 $13.9M Add +23.0%
UGI Ugi Corp. 3.28% 550,000 $13.5M Add +175.0%
SHEL Shell PLC-ADR 3.26% 200,000 $13.4M Add +8.1%
SSNC Ss&c Technologies Holdings 3.21% 205,607 $13.2M Add +78.8%
APO Apollo Global Management Inc. 3.21% 117,500 $13.2M Reduce -2.1%
TECK Teck Resources Ltd.-CLS B 2.56% 230,000 $10.5M New
GSBD Goldman Sachs BDC Inc. 2.55% 700,000 $10.5M Add +7.7%
ET Energy Transfer LP 2.48% 650,000 $10.2M Add +15.0%
KKR KKR & Co. Inc. 2.44% 100,000 $10.1M Reduce -31.0%
NSA National Storage Affiliates 2.19% 230,000 $9.0M Reduce -1.1%
ARCC Ares Capital Corp. 2.02% 400,000 $8.3M Add +60.0%
PRDO Perdoceo Education Corp. 1.95% 456,945 $8.0M New
FSK FS KKR Capital Corp. 1.85% 400,000 $7.6M Reduce -20.0%
CION Cion Investment Corp. 1.67% 625,000 $6.9M Add +38.9%
GLPI Gaming and Leisure Propertie 1.40% 125,000 $5.8M New
GBDC Golub Capital BDC Inc. 1.21% 300,000 $5.0M Reduce -12.2%
NCDL Nuveen Churchill Direct Lend 1.08% 245,669 $4.4M New
CB Chubb Ltd. 0.94% 15,000 $3.9M Reduce -67.0%
AB Alliancebernstein Holding LP 0.94% 111,198 $3.9M New
DNB Dun & Bradstreet Holdings Inc. 0.61% 250,000 $2.5M Add +150.0%
RDN Radian Group Inc. 0.56% 69,272 $2.3M Reduce -75.1%
SN Sharkninja Inc. 0.30% 20,000 $1.2M No change
PWP Perella Weinberg Partners 0.27% 79,474 $1.1M New
BUR Burford Capital Ltd. 0.19% 50,000 $799K No change
EMBJ Embraer SA-Spon ADR 0.06% 10,000 $266K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.6M (not counted above)
SecurityClassShares / PrincipalValueChange
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal 3,000,000$1.6MNo change

Total filed on the 13F, all lines: $413.3M.

Portfolio Sells Q4 2023 → Q1 2024
PRGO Perrigo Co. PLC Sold out 0.00% −2.56
ELV Elevance Health Inc. Sold out 0.00% −2.18
CCI Crown Castle Inc. Sold out 0.00% −1.87
CB Chubb Ltd. Reduce -67.0% 0.94% −1.78
RDN Radian Group Inc. Reduce -75.1% 0.56% −1.54
TSLX Sixth Street Specialty Lendi Reduce -11.2% 5.55% −1.31
OBDC Blue Owl Capital Corp. Sold out 0.00% −1.01
STM Stmicroelectronics NV-NY SHS Sold out 0.00% −0.86
FSK FS KKR Capital Corp. Reduce -20.0% 1.85% −0.79
KKR KKR & Co. Inc. Reduce -31.0% 2.44% −0.74
VTRS Viatris Inc. Reduce -8.7% 6.67% −0.55
BBDC Barings BDC Inc. Reduce -9.0% 4.38% −0.46
BXSL Blackstone Secured Lending F Reduce -11.4% 4.31% −0.39
NSA National Storage Affiliates Reduce -1.1% 2.19% −0.37
ALT Altimmune Inc. Sold out 0.00% −0.30
GSK GSK PLC-Spon ADR Reduce -11.1% 4.17% −0.25
KHC The Kraft Heinz Co. Sold out 0.00% −0.20
GBDC Golub Capital BDC Inc. Reduce -12.2% 1.21% −0.15
OWL Blue Owl Capital Inc. Reduce -8.9% 4.49% +0.25
APO Apollo Global Management Inc. Reduce -2.1% 3.21% +0.25

Portfolio Buys Q4 2023 → Q1 2024
TECK Teck Resources Ltd.-CLS B New 2.56% +2.56
UGI Ugi Corp. Add +175.0% 3.28% +1.98
PRDO Perdoceo Education Corp. New 1.95% +1.95
GLPI Gaming and Leisure Propertie New 1.40% +1.40
SSNC Ss&c Technologies Holdings Add +78.8% 3.21% +1.35
NCDL Nuveen Churchill Direct Lend New 1.08% +1.08
AY Atlantica Sustainable Infras Add +59.0% 4.65% +0.94
AB Alliancebernstein Holding LP New 0.94% +0.94
WWW Wolverine World Wide Inc. Add +4.2% 5.43% +0.93
ARCC Ares Capital Corp. Add +60.0% 2.02% +0.70
ET Energy Transfer LP Add +15.0% 2.48% +0.42
SNY Sanofi-ADR Add +23.1% 4.36% +0.41
SPB Spectrum Brands Holdings Inc. Add +5.5% 5.08% +0.38
CION Cion Investment Corp. Add +38.9% 1.67% +0.32
DNB Dun & Bradstreet Holdings Inc. Add +150.0% 0.61% +0.30
PWP Perella Weinberg Partners New 0.27% +0.27
BAX Baxter International Inc. Add +5.6% 3.89% +0.26
DEI Douglas Emmett Inc. Add +23.0% 3.38% +0.25
MO Altria Group Inc. Add +8.5% 3.39% +0.24
EMBJ Embraer SA-Spon ADR New 0.06% +0.06
SHEL Shell PLC-ADR Add +8.1% 3.26% +0.03
GSBD Goldman Sachs BDC Inc. Add +7.7% 2.55% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 62$1.5BSPB, VTRS, WWW, GPN, MTCH
Q1 2026 55$1.4BSPB, VTRS, WWW, GSK, BTI
Q4 2025 52$1.2BSPB, VTRS, OWL, APO, WWW
Q3 2025 52$1.1BSPB, WWW, VTRS, OWL, EQH
Q2 2025 47$965.7MWWW, SPB, COF, VTRS, OWL
Q1 2025 43$601.2MSPB, WWW, VTRS, BAX, OWL
Q4 2024 42$484.3MSPB, WWW, VTRS, OWL, GSK
Q3 2024 42$475.6MWWW, SPB, VTRS, OWL, BAX
Q2 2024 42$425.7MWWW, VTRS, SPB, OWL, GSK
Q1 2024 37$411.7MVTRS, TSLX, WWW, SPB, AY