Callodine Capital Management LP's Q1 2025 13F: 8 new positions, 7 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed May 14, 2025 · 43 reported positions · accession 0001085146-25-003152
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | CVS HEALTH CORP (CVS) | — | 3.3% | +3.3 pts | +290K sh | new |
| Increased | CAPITAL ONE FINL CORP (COF) | 1.8% | 4.5% | +2.6 pts | +100K sh | +200% |
| New | EQUITABLE HLDGS INC (EQH) | — | 2.8% | +2.8 pts | +320K sh | new |
| Increased | WOLVERINE WORLD WIDE INC (WWW) | 8.7% | 7.1% | −1.7 pts | +1.15M sh | +60% |
| New | REALTY INCOME CORP (O) | — | 2.6% | +2.6 pts | +265K sh | new |
| Increased | SPECTRUM BRANDS HLDGS INC NE (SPB) | 9.2% | 8.7% | −0.5 pts | +203K sh | +38% |
| Exited | DUN & BRADSTREET HLDGS INC (DNB) | 2.2% | — | −2.2 pts | −846K sh | −100% |
| Exited | AFFILIATED MANAGERS GROUP IN (AMG) | 1.9% | — | −1.9 pts | −50,000 sh | −100% |
| New | APOLLO GLOBAL MGMT INC (APO) | — | 1.8% | +1.8 pts | +80,307 sh | new |
| Increased | MATCH GROUP INC NEW (MTCH) | 3.1% | 4.2% | +1.1 pts | +352K sh | +77% |
| New | CITIGROUP INC (C) | — | 1.8% | +1.8 pts | +150K sh | new |
| Increased | GLOBAL PMTS INC (GPN) | 3.5% | 4.2% | +0.7 pts | +108K sh | +72% |
| Increased | JACK IN THE BOX INC (JACK) | 2.6% | 3.1% | +0.4 pts | +370K sh | +121% |
| Increased | DELEK US HLDGS INC NEW (DK) | 0.1% | 1.7% | +1.6 pts | +640K sh | +1828% |
| Increased | BAXTER INTL INC (BAX) | 3.9% | 5.0% | +1.1 pts | +235K sh | +37% |
| Exited | TXNM ENERGY INC (PNM) | 1.3% | — | −1.3 pts | −125K sh | −100% |
| Reduced | FS KKR CAP CORP (FSK) | 2.0% | 0.3% | −1.7 pts | −364K sh | −83% |
| Increased | BLUE OWL CAPITAL INC (OWL) | 5.4% | 5.0% | −0.4 pts | +373K sh | +33% |
| Increased | VIATRIS INC (VTRS) | 7.1% | 5.3% | −1.9 pts | +850K sh | +31% |
| Exited | ALTRIA GROUP INC (MO) | 1.1% | — | −1.1 pts | −100K sh | −100% |
| New | LIBERTY ENERGY INC (LBRT) | — | 0.9% | +0.9 pts | +349K sh | new |
| Exited | SHOALS TECHNOLOGIES GROUP IN (SHLS) | 0.9% | — | −0.9 pts | −800K sh | −100% |
| Reduced | GSK PLC (GSK) | 4.9% | 3.7% | −1.2 pts | −130K sh | −19% |
| Exited | RAYMOND JAMES FINL INC (RJF) | 0.8% | — | −0.8 pts | −25,000 sh | −100% |
| New | BLUE OWL CAPITAL CORPORATION (OBDC) | — | 0.8% | +0.8 pts | +325K sh | new |
| Increased | ALGONQUIN PWR UTILS CORP (AQN) | 2.4% | 3.0% | +0.6 pts | +875K sh | +34% |
| Reduced | ENERGY TRANSFER L P (ET) | 3.4% | 2.0% | −1.4 pts | −190K sh | −22% |
| Exited | UNITED PARCEL SERVICE INC (UPS) | 0.6% | — | −0.6 pts | −22,149 sh | −100% |
| Increased | SS&C TECHNOLOGIES HLDGS INC (SSNC) | 2.0% | 2.3% | +0.2 pts | +32,257 sh | +25% |
| Reduced | UGI CORP NEW (UGI) | 2.2% | 1.7% | −0.6 pts | −80,100 sh | −21% |
| Increased | NUVEEN CHURCHILL DIRECT LEND (NCDL) | 1.2% | 1.4% | +0.2 pts | +150K sh | +43% |
| Reduced | M & T BK CORP (MTB) | 1.6% | 0.8% | −0.8 pts | −13,771 sh | −33% |
| Reduced | ARES CAPITAL CORP (ARCC) | 0.9% | 0.4% | −0.5 pts | −100K sh | −50% |
| Increased | MIDCAP FINANCIAL INVSTMNT CO (MFIC) | 0.7% | 0.9% | +0.2 pts | +164K sh | +66% |
| Reduced | PERDOCEO ED CORP (PRDO) | 3.0% | 2.0% | −1.0 pts | −75,000 sh | −13% |
| New | PIMCO ETF TR (ZROZ) | — | 0.3% | +0.3 pts | +25,000 sh | new |
| Increased | GENESIS ENERGY L P (GEL) | 0.7% | 1.2% | +0.4 pts | +100K sh | +29% |
| Increased | SANOFI (SNY) | 3.8% | 3.7% | −0.1 pts | +21,780 sh | +6% |
| Increased | SEALED AIR CORP NEW (SEE) | 0.1% | 0.3% | +0.1 pts | +40,000 sh | +200% |
| Increased | PLAINS ALL AMERN PIPELINE L (PAAPU) | 0.4% | 0.5% | +0.1 pts | +50,000 sh | +50% |
| Reduced | BLACKSTONE SECD LENDING FD (BXSL) | 1.5% | 1.1% | −0.4 pts | −25,000 sh | −11% |
| Reduced | CHIMERA INVT CORP (CIM) | 1.3% | 0.9% | −0.4 pts | −50,000 sh | −11% |
| Increased | ARRAY TECHNOLOGIES INC (ARRY) | 0.9% | 0.7% | −0.2 pts | +100K sh | +14% |
| Reduced | ALLIANCEBERNSTEIN HLDG L P (AB) | 1.4% | 1.1% | −0.3 pts | −5,940 sh | −3% |
| Reduced | SIXTH STREET SPECIALTY LENDI (TSLX) | 4.7% | 4.0% | −0.8 pts | −9,924 sh | −1% |
| Reduced | KAYNE ANDERSON BDC INC (KBDC) | 1.2% | 0.9% | −0.3 pts | −2,805 sh | −1% |
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 — 51.6% of the equity book
Changes in the top 10 this quarter: COF entered · MTCH entered · GSK left · ET left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPECTRUM BRANDS HLDGS INC NE (SPB) | 9.2% | 8.7% | |
| 2 | WOLVERINE WORLD WIDE INC (WWW) | 8.7% | 7.1% | |
| 3 | VIATRIS INC (VTRS) | 7.1% | 5.3% | |
| 4 | BAXTER INTL INC (BAX) | 3.9% | 5.0% | |
| 5 | BLUE OWL CAPITAL INC (OWL) | 5.4% | 5.0% | |
| 6 | CAPITAL ONE FINL CORP (COF) | 1.8% | 4.5% | Entered the top 10 |
| 7 | MATCH GROUP INC NEW (MTCH) | 3.1% | 4.2% | Entered the top 10 |
| 8 | GLOBAL PMTS INC (GPN) | 3.5% | 4.2% | |
| 9 | SIXTH STREET SPECIALTY LENDI (TSLX) | 4.7% | 4.0% | |
| 10 | SANOFI (SNY) | 3.8% | 3.7% | |
| — | GSK PLC (GSK) | 4.9% | 3.7% | Left the top 10 |
| — | ENERGY TRANSFER L P (ET) | 3.4% | 2.0% | 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).