Callodine Capital Management, LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Callodine Capital Management, LP reported 42 stock positions worth $425.7 million. Its top holding was Wolverine World Wide (WWW) at 6.8% of the portfolio, followed by Viatris (VTRS, 6.3%) and Spectrum Brands (SPB, 6.1%). Compared with Q1 2024, it opened 9 new positions, sold out of 4, added to 17 and reduced 15. The biggest buy was a new position in Jack in the Box (JACK) and the biggest sale Blackstone Secured Lending F (BXSL, shares −58%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001741675
Portfolio Value
$425.7M (Q2 2024)
SEC Filing
0001085146-24-003775 ↗ filed Aug 13, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $411.7M Q1 2024 Q2 2024: $425.7M $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 42 stocks · $425.7M
WWW Wolverine World Wide Inc. 6.80% 2,140,000 $28.9M Add +7.3%
VTRS Viatris Inc. 6.35% 2,542,000 $27.0M Add +10.5%
SPB Spectrum Brands Holdings Inc. 6.09% 301,500 $25.9M Add +28.3%
OWL Blue Owl Capital Inc. 5.42% 1,300,000 $23.1M Add +32.8%
GSK GSK PLC-Spon ADR 4.88% 540,000 $20.8M Add +35.0%
TSLX Sixth Street Specialty Lendi 4.66% 928,538 $19.8M Reduce -12.8%
SNY Sanofi-ADR 4.32% 379,189 $18.4M Add +2.7%
BAX Baxter International Inc. 4.32% 550,000 $18.4M Add +46.7%
DEI Douglas Emmett Inc. 3.46% 1,105,714 $14.7M Add +10.3%
JACK Jack in the Box Inc. 3.35% 280,000 $14.3M New
SSNC Ss&c Technologies Holdings 3.25% 220,607 $13.8M Add +7.3%
AB Alliancebernstein Holding LP 2.78% 349,989 $11.8M Add +214.7%
ET Energy Transfer LP 2.63% 690,000 $11.2M Add +6.2%
NSA National Storage Affiliates 2.52% 260,000 $10.7M Add +13.0%
MO Altria Group Inc. 2.51% 235,000 $10.7M Reduce -26.6%
GSBD Goldman Sachs BDC Inc. 2.47% 700,000 $10.5M No change
SHEL Shell PLC-ADR 2.34% 137,757 $9.9M Reduce -31.1%
BBDC Barings BDC Inc. 2.23% 976,249 $9.5M Reduce -49.7%
AY Atlantica Sustainable Infras 2.21% 429,267 $9.4M Reduce -58.5%
DNB Dun & Bradstreet Holdings Inc. 2.18% 1,000,000 $9.3M Add +300.0%
PRDO Perdoceo Education Corp. 2.15% 427,500 $9.2M Reduce -6.4%
FSK FS KKR Capital Corp. 2.09% 450,000 $8.9M Add +12.5%
APO Apollo Global Management Inc. 2.08% 75,000 $8.9M Reduce -36.2%
UGI Ugi Corp. 1.96% 364,765 $8.4M Reduce -33.7%
CION Cion Investment Corp. 1.92% 675,000 $8.2M Add +8.0%
BXSL Blackstone Secured Lending F 1.73% 240,000 $7.3M Reduce -57.9%
AQN Algonquin Power & Utilities 1.45% 1,050,000 $6.2M New
HUM Humana Inc. 1.26% 14,330 $5.4M New
KKR KKR & Co. Inc. 1.24% 50,000 $5.3M Reduce -50.0%
NCDL Nuveen Churchill Direct Lend 1.23% 300,000 $5.2M Add +22.1%
EMBJ Embraer SA-Spon ADR 1.21% 200,000 $5.2M Add +1900.0%
RJF Raymond James Financial Inc. 1.16% 40,000 $4.9M New
ARCC Ares Capital Corp. 0.98% 200,000 $4.2M Reduce -50.0%
KBDC Kayne Anderson BDC Inc. 0.94% 250,057 $4.0M New
TECK Teck Resources Ltd.-CLS B 0.84% 75,000 $3.6M Reduce -67.4%
GBDC Golub Capital BDC Inc. 0.83% 225,000 $3.5M Reduce -25.0%
GLPI Gaming and Leisure Propertie 0.74% 70,000 $3.2M Reduce -44.0%
SR Spire Inc. 0.52% 36,763 $2.2M New
CIM Chimera Investment Corp. 0.30% 100,000 $1.3M New
WBA Walgreens Boots Alliance Inc. 0.28% 100,000 $1.2M New
GEL Genesis Energy L.P. 0.25% 75,000 $1.1M New
BUR Burford Capital Ltd. 0.08% 25,580 $334K Reduce -48.8%
Other holdings (1): bonds, preferreds, convertibles and warrants · $3.0M (not counted above)
SecurityClassShares / PrincipalValueChange
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal 5,500,000$3.0MAdd +83.3%

Total filed on the 13F, all lines: $428.7M.

Portfolio Sells Q1 2024 → Q2 2024
BXSL Blackstone Secured Lending F Reduce -57.9% 1.73% −2.59
AY Atlantica Sustainable Infras Reduce -58.5% 2.21% −2.43
BBDC Barings BDC Inc. Reduce -49.7% 2.23% −2.15
TECK Teck Resources Ltd.-CLS B Reduce -67.4% 0.84% −1.71
UGI Ugi Corp. Reduce -33.7% 1.96% −1.32
KKR KKR & Co. Inc. Reduce -50.0% 1.24% −1.21
APO Apollo Global Management Inc. Reduce -36.2% 2.08% −1.13
ARCC Ares Capital Corp. Reduce -50.0% 0.98% −1.04
CB Chubb Ltd. Sold out 0.00% −0.94
SHEL Shell PLC-ADR Reduce -31.1% 2.34% −0.92
TSLX Sixth Street Specialty Lendi Reduce -12.8% 4.66% −0.89
MO Altria Group Inc. Reduce -26.6% 2.51% −0.88
GLPI Gaming and Leisure Propertie Reduce -44.0% 0.74% −0.66
RDN Radian Group Inc. Sold out 0.00% −0.56
GBDC Golub Capital BDC Inc. Reduce -25.0% 0.83% −0.38
SN Sharkninja Inc. Sold out 0.00% −0.30
PWP Perella Weinberg Partners Sold out 0.00% −0.27
BUR Burford Capital Ltd. Reduce -48.8% 0.08% −0.12
PRDO Perdoceo Education Corp. Reduce -6.4% 2.15% +0.20

Portfolio Buys Q1 2024 → Q2 2024
JACK Jack in the Box Inc. New 3.35% +3.35
AB Alliancebernstein Holding LP Add +214.7% 2.78% +1.84
DNB Dun & Bradstreet Holdings Inc. Add +300.0% 2.18% +1.57
AQN Algonquin Power & Utilities New 1.45% +1.45
WWW Wolverine World Wide Inc. Add +7.3% 6.80% +1.37
HUM Humana Inc. New 1.26% +1.26
RJF Raymond James Financial Inc. New 1.16% +1.16
EMBJ Embraer SA-Spon ADR Add +1900.0% 1.21% +1.15
SPB Spectrum Brands Holdings Inc. Add +28.3% 6.09% +1.00
KBDC Kayne Anderson BDC Inc. New 0.94% +0.94
OWL Blue Owl Capital Inc. Add +32.8% 5.42% +0.93
GSK GSK PLC-Spon ADR Add +35.0% 4.88% +0.72
SR Spire Inc. New 0.52% +0.52
BAX Baxter International Inc. Add +46.7% 4.32% +0.43
NSA National Storage Affiliates Add +13.0% 2.52% +0.33
CIM Chimera Investment Corp. New 0.30% +0.30
WBA Walgreens Boots Alliance Inc. New 0.28% +0.28
GEL Genesis Energy L.P. New 0.25% +0.25
CION Cion Investment Corp. Add +8.0% 1.92% +0.25
FSK FS KKR Capital Corp. Add +12.5% 2.09% +0.23
NCDL Nuveen Churchill Direct Lend Add +22.1% 1.23% +0.15
ET Energy Transfer LP Add +6.2% 2.63% +0.15
DEI Douglas Emmett Inc. Add +10.3% 3.46% +0.08
SSNC Ss&c Technologies Holdings Add +7.3% 3.25% +0.03
SNY Sanofi-ADR Add +2.7% 4.32% −0.04
VTRS Viatris Inc. Add +10.5% 6.35% −0.32

Notes & Other Activity Q1 2024 → Q2 2024
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal Add +83.3% 5,500,000 $3.0M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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