Callodine Capital Management LP's Q1 2026 13F: 9 new positions, 6 exits
Form 13F-HR for the quarter ended Mar 31, 2026 · filed May 15, 2026 · 55 reported positions · accession 0001741675-26-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | BLACKSTONE INC (BX) | — | 3.7% | +3.7 pts | +451K sh | new |
| Exited | LIBERTY ENERGY INC (LBRT) | 3.4% | — | −3.4 pts | −2.29M sh | −100% |
| Exited | ALGONQUIN PWR UTILS CORP (AQN) | 2.8% | — | −2.8 pts | −5.75M sh | −100% |
| Increased | OVINTIV INC (OVV) | 0.2% | 3.1% | +2.9 pts | +678K sh | +1203% |
| Increased | WELLS FARGO & CO (WFC) | 0.8% | 2.2% | +1.5 pts | +294K sh | +290% |
| Increased | BRITISH AMERN TOB PLC (BTI) | 3.1% | 4.4% | +1.4 pts | +397K sh | +58% |
| Increased | UDR INC (UDR) | 0.6% | 2.0% | +1.4 pts | +644K sh | +339% |
| New | DYNEX CAP INC (DX) | — | 1.5% | +1.5 pts | +1.67M sh | new |
| Reduced | VIATRIS INC (VTRS) | 9.7% | 7.7% | −1.9 pts | −1.56M sh | −16% |
| New | BATH & BODY WORKS INC (BBWI) | — | 1.4% | +1.4 pts | +1.05M sh | new |
| Reduced | BLUE OWL CAPITAL INC (OWL) | 6.1% | 1.9% | −4.2 pts | −2.1M sh | −42% |
| Increased | GLOBAL PMTS INC (GPN) | 3.6% | 4.0% | +0.4 pts | +272K sh | +47% |
| Increased | WOLVERINE WORLD WIDE INC (WWW) | 5.1% | 5.2% | 0.0 pts | +981K sh | +28% |
| Increased | SS&C TECH HLDGS (SSNC) | 1.7% | 2.1% | +0.5 pts | +212K sh | +89% |
| Increased | GSK PLC (GSK) | 4.0% | 4.9% | +0.9 pts | +255K sh | +25% |
| Reduced | ALTRIA GROUP INC (MO) | 2.2% | 1.2% | −1.0 pts | −207K sh | −44% |
| New | FS KKR CAP CORP (FSK) | — | 1.0% | +1.0 pts | +1.33M sh | new |
| Increased | PERDOCEO ED CORP (PRDO) | 2.3% | 3.5% | +1.2 pts | +353K sh | +37% |
| New | LAZARD INC (LAZ) | — | 0.9% | +0.9 pts | +308K sh | new |
| Increased | ON SEMICONDUCTOR CORP (ON) | 0.5% | 1.4% | +0.9 pts | +207K sh | +166% |
| Increased | MILLROSE PPTYS INC (MRP) | 0.9% | 1.5% | +0.6 pts | +401K sh | +111% |
| Reduced | UGI CORP NEW (UGI) | 2.0% | 1.0% | −1.0 pts | −288K sh | −43% |
| Increased | OWENS CORNING NEW (OC) | 2.1% | 2.5% | +0.4 pts | +95,562 sh | +41% |
| Exited | SOLSTICE ADVANCED MATLS INC (SOLS) | 0.7% | — | −0.7 pts | −169K sh | −100% |
| New | MERITAGE HOMES CORP (MTH) | — | 0.6% | +0.6 pts | +135K sh | new |
| Increased | CAPITAL ONE FINL CORP (COF) | 4.4% | 3.4% | −1.0 pts | +36,651 sh | +16% |
| New | TRIPADVISOR INC (TRIP) | — | 0.4% | +0.4 pts | +576K sh | new |
| Increased | TARGET CORP (TGT) | 1.0% | 1.5% | +0.5 pts | +50,142 sh | +40% |
| Increased | FOUR CORNERS PPTY TR INC (FCPT) | 2.4% | 2.6% | +0.2 pts | +256K sh | +20% |
| Increased | ENERGY TRANSFER L P (ET) | 2.1% | 2.6% | +0.5 pts | +290K sh | +18% |
| Reduced | BAXTER INTL INC (BAX) | 2.5% | 1.6% | −0.9 pts | −299K sh | −19% |
| Reduced | SHELL PLC (SHEL) | 0.7% | 0.4% | −0.3 pts | −51,000 sh | −44% |
| Increased | SHUTTERSTOCK INC (SSTK) | 1.6% | 1.5% | −0.1 pts | +238K sh | +23% |
| Reduced | PLAINS GP HLDGS L P (PAGP) | 0.8% | 0.7% | −0.2 pts | −150K sh | −28% |
| Exited | SSGA ACTIVE ETF TR (SRLN) | 0.2% | — | −0.2 pts | −70,000 sh | −100% |
| Reduced | GOLUB CAP BDC INC (GBDC) | 0.5% | 0.2% | −0.3 pts | −250K sh | −56% |
| Exited | JANUS DETROIT STR TR (JAAA) | 0.2% | — | −0.2 pts | −50,000 sh | −100% |
| Reduced | APOLLO GLOBAL MGMT INC (APO) | 5.4% | 3.4% | −1.9 pts | −22,222 sh | −5% |
| Increased | MATCH GROUP INC NEW (MTCH) | 4.2% | 3.7% | −0.5 pts | +78,960 sh | +5% |
| New | BLUE OWL TECHNOLOGY FIN CORP (OTF) | — | 0.2% | +0.2 pts | +175K sh | new |
| Increased | BLUE OWL CAPITAL CORPORATION (OBDC) | 0.3% | 0.4% | +0.1 pts | +150K sh | +50% |
| Reduced | KAYNE ANDERSON BDC INC (KBDC) | 0.5% | 0.3% | −0.2 pts | −108K sh | −27% |
| New | BLACKROCK TCP CAPITAL CORP (TCPC) | — | 0.1% | +0.1 pts | +378K sh | new |
| Reduced | NUVEEN CHURCHILL DIRECT LEND (NCDL) | 0.6% | 0.4% | −0.2 pts | −99,369 sh | −18% |
| Reduced | SPECTRUM BRANDS HOLDINGS INC (SPB) | 9.8% | 10.7% | +0.9 pts | −16,433 sh | −1% |
| Increased | PLAINS ALL AMERN PIPELINE L (PAAPU) | 0.2% | 0.3% | +0.1 pts | +50,000 sh | +33% |
| Reduced | BLACKSTONE SECD LENDING FD (BXSL) | 0.2% | 0.1% | −0.1 pts | −37,500 sh | −50% |
| Increased | EXTRA SPACE STORAGE INC (EXR) | 0.5% | 0.5% | 0.0 pts | +6,500 sh | +13% |
| Exited | AGREE RLTY CORP (ADC) | 0.1% | — | −0.1 pts | −10,000 sh | −100% |
| Reduced | BARINGS BDC INC (BBDC) | 0.3% | 0.2% | −0.1 pts | −96,544 sh | −27% |
The 50 largest of 59 changes, by size of the trade. Full holdings for this quarter.
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 — 51.2% of the equity book
Changes in the top 10 this quarter: BTI entered · BX entered · PRDO entered · OWL left · COF left · LBRT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPECTRUM BRANDS HOLDINGS INC (SPB) | 9.8% | 10.7% | |
| 2 | VIATRIS INC (VTRS) | 9.7% | 7.7% | |
| 3 | WOLVERINE WORLD WIDE INC (WWW) | 5.1% | 5.2% | |
| 4 | GSK PLC (GSK) | 4.0% | 4.9% | |
| 5 | BRITISH AMERN TOB PLC (BTI) | 3.1% | 4.4% | Entered the top 10 |
| 6 | GLOBAL PMTS INC (GPN) | 3.6% | 4.0% | |
| 7 | MATCH GROUP INC NEW (MTCH) | 4.2% | 3.7% | |
| 8 | BLACKSTONE INC (BX) | 0.0% | 3.7% | Entered the top 10 |
| 9 | PERDOCEO ED CORP (PRDO) | 2.3% | 3.5% | Entered the top 10 |
| 10 | APOLLO GLOBAL MGMT INC (APO) | 5.4% | 3.4% | |
| — | BLUE OWL CAPITAL INC (OWL) | 6.1% | 1.9% | Left the top 10 |
| — | CAPITAL ONE FINL CORP (COF) | 4.4% | 3.4% | Left the top 10 |
| — | LIBERTY ENERGY INC (LBRT) | 3.4% | 0.0% | 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).
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 | BLUE OWL CAPITAL INC (OWL) | Call | 0 | 1.35M | $12.3M |