Callodine Capital Management LP's Q3 2021 13F: 9 new positions, 8 exits
Form 13F-HR for the quarter ended Sep 30, 2021 · filed Nov 12, 2021 · 42 reported positions · accession 0001085146-21-003216
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | ARES MANAGEMENT CORPORATION (ARES) | 7.3% | 2.5% | −4.8 pts | −218K sh | −72% |
| Reduced | CARLYLE GROUP INC (CG) | 3.3% | 0.8% | −2.6 pts | −150K sh | −79% |
| Increased | SONIC AUTOMOTIVE INC (SAH) | 1.2% | 4.1% | +2.9 pts | +126K sh | +182% |
| Increased | EQUITABLE HLDGS INC (EQH) | 3.4% | 5.9% | +2.5 pts | +205K sh | +69% |
| Reduced | WELLS FARGO CO NEW (WFC) | 3.8% | 1.8% | −2.1 pts | −130K sh | −58% |
| New | DT MIDSTREAM INC (DTM) | — | 2.3% | +2.3 pts | +125K sh | new |
| Reduced | FIDELITY NATL INFORMATION SV (FIS) | 4.7% | 1.9% | −2.7 pts | −47,500 sh | −54% |
| Exited | CITIGROUP INC (C) | 1.9% | — | −1.9 pts | −70,000 sh | −100% |
| New | BRINKER INTL INC (EAT) | — | 1.8% | +1.8 pts | +90,000 sh | new |
| New | EXELON CORP (EXC) | — | 1.7% | +1.7 pts | +90,000 sh | new |
| Reduced | GILEAD SCIENCES INC (GILD) | 3.6% | 2.2% | −1.4 pts | −60,000 sh | −43% |
| Exited | MOSAIC CO NEW (MOS) | 1.5% | — | −1.5 pts | −125K sh | −100% |
| Increased | ALTRIA GROUP INC (MO) | 3.3% | 4.8% | +1.5 pts | +79,359 sh | +43% |
| Reduced | HAEMONETICS CORP MASS (HAE) | 2.5% | 1.4% | −1.1 pts | −50,000 sh | −50% |
| Increased | VERIZON COMMUNICATIONS INC (VZ) | 2.5% | 3.9% | +1.4 pts | +62,500 sh | +53% |
| Reduced | STELLANTIS N.V (STLA) | 2.0% | 0.7% | −1.3 pts | −175K sh | −65% |
| Increased | MEDICAL PPTYS TRUST INC (MPW) | 1.3% | 2.6% | +1.3 pts | +160K sh | +97% |
| New | NORTONLIFELOCK INC (GEN) | — | 1.3% | +1.3 pts | +125K sh | new |
| Reduced | VISTRA CORP (VST) | 4.4% | 3.1% | −1.3 pts | −174K sh | −28% |
| Exited | MOLSON COORS BEVERAGE CO (TAP) | 1.1% | — | −1.1 pts | −52,500 sh | −100% |
| Reduced | LAIRD SUPERFOOD INC (LSF) | 2.4% | 0.6% | −1.8 pts | −134K sh | −63% |
| Exited | OAKTREE SPECIALTY LENDING CO (OCSL) | 1.0% | — | −1.0 pts | −400K sh | −100% |
| Increased | NEWMONT CORP (NEM) | 2.6% | 3.3% | +0.7 pts | +45,000 sh | +42% |
| Increased | GAMING & LEISURE PPTYS INC (GLPI) | 0.2% | 1.1% | +0.9 pts | +48,000 sh | +400% |
| New | ATMOS ENERGY CORP (ATO) | — | 0.9% | +0.9 pts | +25,000 sh | new |
| Increased | TRINITY CAP INC (TRIN) | 2.3% | 3.5% | +1.2 pts | +125K sh | +30% |
| Exited | DXC TECHNOLOGY CO (DXC) | 0.7% | — | −0.7 pts | −50,000 sh | −100% |
| Increased | PENNANTPARK INVT CORP (PNNT) | 3.8% | 4.6% | +0.8 pts | +275K sh | +18% |
| Reduced | RADIAN GROUP INC (RDN) | 6.8% | 6.6% | −0.1 pts | −71,601 sh | −9% |
| Reduced | T-MOBILE US INC (TMUS) | 2.6% | 1.8% | −0.8 pts | −12,500 sh | −26% |
| New | BLUE OWL CAPITAL INC (OWL) | — | 0.6% | +0.6 pts | +102K sh | new |
| Increased | BARINGS BDC INC (BBDC) | 2.1% | 2.9% | +0.8 pts | +135K sh | +26% |
| Increased | CRESCENT CAP BDC INC (CCAP) | 1.2% | 1.9% | +0.7 pts | +75,000 sh | +43% |
| Increased | SLR INVESTMENT CORP (SLRC) | 1.8% | 2.5% | +0.7 pts | +70,010 sh | +27% |
| Increased | BAIN CAP SPECIALTY FIN INC (BCSF) | 0.6% | 1.2% | +0.5 pts | +89,846 sh | +82% |
| Increased | BRISTOL-MYERS SQUIBB CO (BMY) | 7.0% | 7.1% | +0.1 pts | +22,500 sh | +8% |
| Exited | BOX INC (BOX) | 0.5% | — | −0.5 pts | −50,000 sh | −100% |
| New | SHELL MIDSTREAM PARTNERS L P (SHLX) | — | 0.5% | +0.5 pts | +100K sh | new |
| Reduced | FS KKR CAP CORP (FSK) | 2.9% | 2.7% | −0.2 pts | −52,663 sh | −15% |
| Increased | OWL ROCK CAPITAL CORPORATION (OBDC) | 1.6% | 2.1% | +0.5 pts | +79,990 sh | +27% |
| New | ENACT HLDGS INC (ACT) | — | 0.4% | +0.4 pts | +50,000 sh | new |
| New | EQT CORP (EQT) | — | 0.2% | +0.2 pts | +30,000 sh | new |
| Increased | VIATRIS INC (VTRS) | 3.7% | 3.9% | +0.2 pts | +43,086 sh | +6% |
| Exited | CHEMED CORP NEW (CHE) | 0.2% | — | −0.2 pts | −1,250 sh | −100% |
| Increased | TCG BDC INC (CGBD) | 3.0% | 3.4% | +0.4 pts | +40,000 sh | +7% |
| Exited | SALLY BEAUTY HLDGS INC (SBH) | 0.2% | — | −0.2 pts | −20,000 sh | −100% |
| Increased | EASTERLY GOVT PPTYS INC (DEA) | 0.4% | 0.5% | +0.2 pts | +17,500 sh | +39% |
| Increased | SIXTH STREET SPECIALTY LENDN (TSLX) | 3.3% | 3.7% | +0.3 pts | +14,229 sh | +4% |
| Increased | ENERGY TRANSFER L P (ET) | 1.3% | 1.3% | 0.0 pts | +15,000 sh | +5% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 48.0% of the equity book
Changes in the top 10 this quarter: MO entered · SAH entered · VZ entered · TSLX entered · TRIN entered · ARES left · FIS left · VST left · WFC left · GILD left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | BRISTOL-MYERS SQUIBB CO (BMY) | 7.0% | 7.1% | |
| 2 | RADIAN GROUP INC (RDN) | 6.8% | 6.6% | |
| 3 | EQUITABLE HLDGS INC (EQH) | 3.4% | 5.9% | |
| 4 | ALTRIA GROUP INC (MO) | 3.3% | 4.8% | Entered the top 10 |
| 5 | PENNANTPARK INVT CORP (PNNT) | 3.8% | 4.6% | |
| 6 | SONIC AUTOMOTIVE INC (SAH) | 1.2% | 4.1% | Entered the top 10 |
| 7 | VIATRIS INC (VTRS) | 3.7% | 3.9% | |
| 8 | VERIZON COMMUNICATIONS INC (VZ) | 2.5% | 3.9% | Entered the top 10 |
| 9 | SIXTH STREET SPECIALTY LENDN (TSLX) | 3.3% | 3.7% | Entered the top 10 |
| 10 | TRINITY CAP INC (TRIN) | 2.3% | 3.5% | Entered the top 10 |
| — | ARES MANAGEMENT CORPORATION (ARES) | 7.3% | 2.5% | Left the top 10 |
| — | FIDELITY NATL INFORMATION SV (FIS) | 4.7% | 1.9% | Left the top 10 |
| — | VISTRA CORP (VST) | 4.4% | 3.1% | Left the top 10 |
| — | WELLS FARGO CO NEW (WFC) | 3.8% | 1.8% | Left the top 10 |
| — | GILEAD SCIENCES INC (GILD) | 3.6% | 2.2% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | GILEAD SCIENCES INC (GILD) | Call | 0 | 76,700 | $5.36M |
| New | GILEAD SCIENCES INC (GILD) | Put | 0 | 76,700 | $5.36M |
| New | VISTRA CORP (VST) | Call | 0 | 200K | $3.42M |