Callodine Capital Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Callodine Capital Management, LP reported 42 stock positions worth $475.6 million. Its top holding was Wolverine World Wide (WWW) at 8.5% of the portfolio, followed by Spectrum Brands (SPB, 8.1%) and Viatris (VTRS, 6.6%). Compared with Q2 2024, it opened 9 new positions, sold out of 9, added to 22 and reduced 11. The biggest buy was a new position in M & T Bank (MTB) and the biggest sale an exit from National Storage Affiliates (NSA).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001741675
- Portfolio Value
- $475.6M (Q3 2024)
- SEC Filing
- 0001085146-24-005620 ↗ filed Nov 13, 2024
Holdings Value
Holdings 42 stocks · $475.6M
| WWW Wolverine World Wide Inc. | 8.47% | 2,312,500 | $40.3M | Add +8.1% |
| SPB Spectrum Brands Holdings Inc. | 8.13% | 406,500 | $38.7M | Add +34.8% |
| VTRS Viatris Inc. | 6.56% | 2,687,129 | $31.2M | Add +5.7% |
| OWL Blue Owl Capital Inc. | 6.21% | 1,525,000 | $29.5M | Add +17.3% |
| BAX Baxter International Inc. | 5.81% | 727,500 | $27.6M | Add +32.3% |
| GSK GSK PLC-Spon ADR | 5.20% | 605,000 | $24.7M | Add +12.0% |
| TSLX Sixth Street Specialty Lendi | 4.75% | 1,100,000 | $22.6M | Add +18.5% |
| SNY Sanofi-ADR | 4.41% | 364,189 | $21.0M | Reduce -4.0% |
| AB Alliancebernstein Holding LP | 3.37% | 459,771 | $16.0M | Add +31.4% |
| DEI Douglas Emmett Inc. | 3.22% | 872,571 | $15.3M | Reduce -21.1% |
| JACK Jack in the Box Inc. | 3.07% | 313,497 | $14.6M | Add +12.0% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 3.00% | 80,000 | $14.2M | New |
| AQN Algonquin Power & Utilities | 2.29% | 2,000,000 | $10.9M | Add +90.5% |
| PRDO Perdoceo Education Corp. | 2.16% | 461,209 | $10.3M | Add +7.9% |
| ET Energy Transfer LP | 2.11% | 625,000 | $10.0M | Reduce -9.4% |
| SSNC Ss&c Technologies Holdings | 2.07% | 132,500 | $9.8M | Reduce -39.9% |
| DNB Dun & Bradstreet Holdings Inc. | 2.05% | 845,808 | $9.7M | Reduce -15.4% |
| FSK FS KKR Capital Corp. | 1.97% | 474,209 | $9.4M | Add +5.4% |
| GBDC Golub Capital BDC Inc. | 1.76% | 553,314 | $8.4M | Add +145.9% |
| APO Apollo Global Management Inc. | 1.71% | 65,000 | $8.1M | Reduce -13.3% |
| CION Cion Investment Corp. | 1.56% | 625,180 | $7.4M | Reduce -7.4% |
| WBA Walgreens Boots Alliance Inc. | 1.55% | 825,000 | $7.4M | Add +725.0% |
| UGI Ugi Corp. | 1.55% | 293,750 | $7.3M | Reduce -19.5% |
| MO Altria Group Inc. | 1.49% | 139,075 | $7.1M | Reduce -40.8% |
| BXSL Blackstone Secured Lending F | 1.39% | 225,000 | $6.6M | Reduce -6.3% |
| TXNM TXNM Energy Inc. | 1.37% | 149,039 | $6.5M | New |
| CIM Chimera Investment Corp. | 1.36% | 410,000 | $6.5M | Add +310.0% |
| RJF Raymond James Financial Inc. | 1.29% | 50,000 | $6.1M | Add +25.0% |
| NCDL Nuveen Churchill Direct Lend | 1.28% | 350,389 | $6.1M | Add +16.8% |
| KBDC Kayne Anderson BDC Inc. | 1.16% | 340,535 | $5.5M | Add +36.2% |
| BBDC Barings BDC Inc. | 1.14% | 553,270 | $5.4M | Reduce -43.3% |
| ARCC Ares Capital Corp. | 1.10% | 250,000 | $5.2M | Add +25.0% |
| HUM Humana Inc. | 1.07% | 16,000 | $5.1M | Add +11.7% |
| TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP | 0.88% | 300,000 | $4.2M | New |
| SR Spire Inc. | 0.71% | 50,000 | $3.4M | Add +36.0% |
| GEL Genesis Energy L.P. | 0.70% | 250,000 | $3.3M | Add +233.3% |
| UPS United Parcel Service Class B | 0.65% | 22,500 | $3.1M | New |
| AMG Affiliated Managers Group | 0.47% | 12,500 | $2.2M | New |
| GCMG GCM Grosvenor Inc. Class A | 0.36% | 150,000 | $1.7M | New |
| BCSF Bain Capital Specialty Finan | 0.26% | 75,826 | $1.3M | New |
| MFIC Midcap Financial Investment | 0.26% | 93,112 | $1.2M | New |
| ARRY Array Technologies Inc. | 0.10% | 75,000 | $495K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $4.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 5,500,000 | $4.0M | No change |
Total filed on the 13F, all lines: $479.6M.
Portfolio Sells Q2 2024 → Q3 2024
| NSA National Storage Affiliates | Sold out | 0.00% | −2.52 |
| GSBD Goldman Sachs BDC Inc. | Sold out | 0.00% | −2.47 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −2.34 |
| AY Atlantica Sustainable Infras | Sold out | 0.00% | −2.21 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −1.24 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −1.21 |
| SSNC Ss&c Technologies Holdings | Reduce -39.9% | 2.07% | −1.18 |
| BBDC Barings BDC Inc. | Reduce -43.3% | 1.14% | −1.09 |
| MO Altria Group Inc. | Reduce -40.8% | 1.49% | −1.02 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.84 |
| GLPI Gaming and Leisure Propertie | Sold out | 0.00% | −0.74 |
| ET Energy Transfer LP | Reduce -9.4% | 2.11% | −0.52 |
| UGI Ugi Corp. | Reduce -19.5% | 1.55% | −0.42 |
| APO Apollo Global Management Inc. | Reduce -13.3% | 1.71% | −0.37 |
| CION Cion Investment Corp. | Reduce -7.4% | 1.56% | −0.36 |
| BXSL Blackstone Secured Lending F | Reduce -6.3% | 1.39% | −0.34 |
| DEI Douglas Emmett Inc. | Reduce -21.1% | 3.22% | −0.23 |
| DNB Dun & Bradstreet Holdings Inc. | Reduce -15.4% | 2.05% | −0.13 |
| BUR Burford Capital Ltd. | Sold out | 0.00% | −0.08 |
| SNY Sanofi-ADR | Reduce -4.0% | 4.41% | +0.09 |
Portfolio Buys Q2 2024 → Q3 2024
| MTB M & T Bank Corp. | New | 3.00% | +3.00 |
| SPB Spectrum Brands Holdings Inc. | Add +34.8% | 8.13% | +2.05 |
| WWW Wolverine World Wide Inc. | Add +8.1% | 8.47% | +1.67 |
| BAX Baxter International Inc. | Add +32.3% | 5.81% | +1.49 |
| TXNM TXNM Energy Inc. | New | 1.37% | +1.37 |
| WBA Walgreens Boots Alliance Inc. | Add +725.0% | 1.55% | +1.27 |
| CIM Chimera Investment Corp. | Add +310.0% | 1.36% | +1.06 |
| GBDC Golub Capital BDC Inc. | Add +145.9% | 1.76% | +0.93 |
| TWO Two Harbors Investment Corp. | New | 0.88% | +0.88 |
| AQN Algonquin Power & Utilities | Add +90.5% | 2.29% | +0.85 |
| OWL Blue Owl Capital Inc. | Add +17.3% | 6.21% | +0.79 |
| UPS United Parcel Service Class B | New | 0.65% | +0.65 |
| AB Alliancebernstein Holding LP | Add +31.4% | 3.37% | +0.59 |
| AMG Affiliated Managers Group | New | 0.47% | +0.47 |
| GEL Genesis Energy L.P. | Add +233.3% | 0.70% | +0.45 |
| GCMG GCM Grosvenor Inc. Class A | New | 0.36% | +0.36 |
| GSK GSK PLC-Spon ADR | Add +12.0% | 5.20% | +0.32 |
| BCSF Bain Capital Specialty Finan | New | 0.26% | +0.26 |
| MFIC Midcap Financial Investment | New | 0.26% | +0.26 |
| KBDC Kayne Anderson BDC Inc. | Add +36.2% | 1.16% | +0.22 |
| VTRS Viatris Inc. | Add +5.7% | 6.56% | +0.21 |
| SR Spire Inc. | Add +36.0% | 0.71% | +0.18 |
| RJF Raymond James Financial Inc. | Add +25.0% | 1.29% | +0.13 |
| ARCC Ares Capital Corp. | Add +25.0% | 1.10% | +0.12 |
| ARRY Array Technologies Inc. | New | 0.10% | +0.10 |
| TSLX Sixth Street Specialty Lendi | Add +18.5% | 4.75% | +0.09 |
| NCDL Nuveen Churchill Direct Lend | Add +16.8% | 1.28% | +0.06 |
| PRDO Perdoceo Education Corp. | Add +7.9% | 2.16% | +0.01 |
| FSK FS KKR Capital Corp. | Add +5.4% | 1.97% | −0.12 |
| HUM Humana Inc. | Add +11.7% | 1.07% | −0.19 |
| JACK Jack in the Box Inc. | Add +12.0% | 3.07% | −0.28 |
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 |