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Callodine Capital Management, LP

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13F filer, CIK 1741675, BOSTON, MA

Callodine Capital Management, LP reported $1,141,534,613 across 53 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 49.55% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001741675-25-000005

Period
2025-09-30
Reported value
$1.14B
Holdings
53
Top 10 weight
49.55%
New
10
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
OWLadded+1,385,000$23.4M
SPBadded+360,898$19M
FCPTnew+765,275$18.7M
OCnew+122,930$17.4M
EQHadded+302,850$15.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
WWWreduced-1,596,226-$43.8M
CVSreduced-204,573-$15.4M
DKexited-717,245-$15.2M
WALGREENS BOOTS ALLIANCE INCexited-1,030,882-$11.8M
Creduced-105,353-$10.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001741675-25-000005, largest first. % of portfolio is the value over $1,141,534,613, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPBSPECTRUM BRANDS HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 406,500 shares; 2024Q4: 527,500 shares; 2025Q1: 730,000 shares; 2025Q2: 1,354,057 shares; 2025Q3: 1,714,955 shares 1,714,955$90.1M7.89%+360,898Timeline
WWWWOLVERINE WORLD WIDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,312,500 shares; 2024Q4: 1,901,616 shares; 2025Q1: 3,047,071 shares; 2025Q2: 4,297,586 shares; 2025Q3: 2,701,360 shares 2,701,360$74.1M6.49%-1,596,226Timeline
VTRSVIATRIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,687,129 shares; 2024Q4: 2,775,000 shares; 2025Q1: 3,625,000 shares; 2025Q2: 5,995,000 shares; 2025Q3: 6,941,000 shares 6,941,000$68.7M6.02%+946,000Timeline
OWLBLUE OWL CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,525,000 shares; 2024Q4: 1,125,000 shares; 2025Q1: 1,497,531 shares; 2025Q2: 2,517,531 shares; 2025Q3: 3,902,531 shares 3,902,531$66.1M5.79%+1,385,000Timeline
EQHEQUITABLE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 320,289 shares; 2025Q2: 739,843 shares; 2025Q3: 1,042,693 shares 1,042,693$52.9M4.64%+302,850Timeline
MTCHMATCH GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 457,760 shares; 2025Q1: 810,000 shares; 2025Q2: 1,355,000 shares; 2025Q3: 1,399,833 shares 1,399,833$49.4M4.33%+44,833Timeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 50,000 shares; 2025Q1: 150,000 shares; 2025Q2: 265,708 shares; 2025Q3: 222,079 shares 222,079$47.2M4.14%-43,629Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,000 shares; 2024Q4: not reported; 2025Q1: 80,307 shares; 2025Q2: 270,000 shares; 2025Q3: 326,380 shares 326,380$43.5M3.81%+56,380Timeline
BAXBAXTER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 727,500 shares; 2024Q4: 642,500 shares; 2025Q1: 877,500 shares; 2025Q2: 1,462,500 shares; 2025Q3: 1,756,000 shares 1,756,000$40M3.5%+293,500Timeline
JACKJACK IN THE BOX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 313,497 shares; 2024Q4: 305,377 shares; 2025Q1: 675,667 shares; 2025Q2: 1,619,932 shares; 2025Q3: 1,695,504 shares 1,695,504$33.5M2.94%+75,572Timeline
SNYSANOFI SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 364,189 shares; 2024Q4: 384,189 shares; 2025Q1: 405,969 shares; 2025Q2: 515,209 shares; 2025Q3: 698,046 shares 698,046$32.9M2.89%+182,837Timeline
BTIBRITISH AMERN TOB PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 527,500 shares; 2025Q3: 607,800 shares 607,800$32.3M2.83%+80,300Timeline
GSKGSK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 605,000 shares; 2024Q4: 700,000 shares; 2025Q1: 570,000 shares; 2025Q2: 598,519 shares; 2025Q3: 702,051 shares 702,051$30.3M2.65%+103,532Timeline
AQNALGONQUIN POWER & UTILITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,000,000 shares; 2024Q4: 2,600,000 shares; 2025Q1: 3,475,000 shares; 2025Q2: 4,840,969 shares; 2025Q3: 5,581,841 shares 5,581,841$30M2.63%+740,872Timeline
GPNGLOBAL PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 150,000 shares; 2025Q1: 257,500 shares; 2025Q2: 252,758 shares; 2025Q3: 354,014 shares 354,014$29.4M2.58%+101,256Timeline
PRDOPERDOCEO ED CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 461,209 shares; 2024Q4: 556,245 shares; 2025Q1: 481,245 shares; 2025Q2: 634,029 shares; 2025Q3: 709,582 shares 709,582$26.7M2.34%+75,553Timeline
OREALTY INCOME CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 265,000 shares; 2025Q2: 335,000 shares; 2025Q3: 428,239 shares 428,239$26M2.28%+93,239Timeline
MOALTRIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 139,075 shares; 2024Q4: 100,000 shares; 2025Q1: not reported; 2025Q2: 344,562 shares; 2025Q3: 393,705 shares 393,705$26M2.28%+49,143Timeline
LBRTLIBERTY ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 348,547 shares; 2025Q2: 1,057,000 shares; 2025Q3: 2,089,283 shares 2,089,283$25.8M2.26%+1,032,283Timeline
CVSCVS HEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 290,000 shares; 2025Q2: 518,000 shares; 2025Q3: 313,427 shares 313,427$23.6M2.07%-204,573Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 625,000 shares; 2024Q4: 850,000 shares; 2025Q1: 660,000 shares; 2025Q2: 1,035,000 shares; 2025Q3: 1,370,000 shares 1,370,000$23.5M2.06%+335,000Timeline
TSLXSIXTH STREET SPECIALTY LENDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,100,000 shares; 2024Q4: 1,075,000 shares; 2025Q1: 1,065,076 shares; 2025Q2: 1,064,824 shares; 2025Q3: 871,433 shares 871,433$19.9M1.75%-193,391Timeline
UGIUGI CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 293,750 shares; 2024Q4: 380,100 shares; 2025Q1: 300,000 shares; 2025Q2: 488,107 shares; 2025Q3: 596,607 shares 596,607$19.8M1.74%+108,500Timeline
FCPTFOUR CORNERS PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 765,275 shares 765,275$18.7M1.64%newTimeline
SSNCSS&C TECH HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,500 shares; 2024Q4: 130,000 shares; 2025Q1: 162,257 shares; 2025Q2: 192,837 shares; 2025Q3: 198,967 shares 198,967$17.7M1.55%+6,130Timeline
OCOWENS CORNING NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 122,930 shares 122,930$17.4M1.52%newTimeline
SEESEALED AIR CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 20,000 shares; 2025Q1: 60,000 shares; 2025Q2: 60,000 shares; 2025Q3: 473,161 shares 473,161$16.7M1.47%+413,161Timeline
SSTKSHUTTERSTOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 413,227 shares; 2025Q3: 768,705 shares 768,705$16M1.4%+355,478Timeline
RGAREINSURANCE GROUP AMER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,262 shares; 2025Q3: 71,637 shares 71,637$13.8M1.21%+69,375Timeline
MTBM & T BK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,000 shares; 2024Q4: 41,271 shares; 2025Q1: 27,500 shares; 2025Q2: 90,632 shares; 2025Q3: 68,732 shares 68,732$13.6M1.19%-21,900Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,000 shares; 2025Q2: 226,250 shares; 2025Q3: 120,897 shares 120,897$12.3M1.07%-105,353Timeline
SHELSHELL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 125,000 shares; 2025Q3: 167,000 shares 167,000$11.9M1.05%+42,000Timeline
BRKRPBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 40,000 shares 40,000$10.9M0.95%newTimeline
PAGPPLAINS GP HLDGS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 240,000 shares; 2025Q3: 540,000 shares 540,000$9.85M0.86%+300,000Timeline
NCDLNUVEEN CHURCHILL DIRECT LENDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 350,389 shares; 2024Q4: 350,389 shares; 2025Q1: 500,000 shares; 2025Q2: 525,000 shares; 2025Q3: 572,800 shares 572,800$7.9M0.69%+47,800Timeline
GELGENESIS ENERGY L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 350,000 shares; 2025Q1: 450,000 shares; 2025Q2: 470,287 shares; 2025Q3: 470,287 shares 470,287$7.86M0.69%0Timeline
GBDCGOLUB CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 553,314 shares; 2024Q4: 525,000 shares; 2025Q1: 525,000 shares; 2025Q2: 521,238 shares; 2025Q3: 521,238 shares 521,238$7.14M0.63%0Timeline
GPKGRAPHIC PACKAGING HLDG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 350,000 shares 350,000$6.85M0.6%newTimeline
MFICMIDCAP FINANCIAL INVSTMNT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,112 shares; 2024Q4: 246,217 shares; 2025Q1: 409,850 shares; 2025Q2: 500,000 shares; 2025Q3: 510,808 shares 510,808$6.12M0.54%+10,808Timeline
TGTTARGET CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 20,000 shares; 2025Q3: 65,000 shares 65,000$5.83M0.51%+45,000Timeline
CIONCION INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 625,180 shares; 2024Q4: 500,000 shares; 2025Q1: 500,000 shares; 2025Q2: 550,000 shares; 2025Q3: 562,388 shares 562,388$5.33M0.47%+12,388Timeline
KBDCKAYNE ANDERSON BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 340,535 shares; 2024Q4: 340,535 shares; 2025Q1: 337,730 shares; 2025Q2: 337,730 shares; 2025Q3: 400,000 shares 400,000$5.33M0.47%+62,270Timeline
OBDCBLUE OWL CAPITAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 325,000 shares; 2025Q2: 325,000 shares; 2025Q3: 300,000 shares 300,000$3.83M0.34%-25,000Timeline
BBDCBARINGS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 553,270 shares; 2024Q4: 300,000 shares; 2025Q1: 300,000 shares; 2025Q2: 284,024 shares; 2025Q3: 304,024 shares 304,024$2.66M0.23%+20,000Timeline
BXSLBLACKSTONE SECD LENDING FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 225,000 shares; 2024Q4: 225,000 shares; 2025Q1: 200,000 shares; 2025Q2: 172,213 shares; 2025Q3: 100,000 shares 100,000$2.61M0.23%-72,213Timeline
PAAPLAINS ALL AMERN PIPELINE LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,000 shares; 2025Q1: 150,000 shares; 2025Q2: 150,000 shares; 2025Q3: 150,000 shares 150,000$2.56M0.22%0Timeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 56,307 shares 56,307$2.27M0.2%newTimeline
BRKRBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 34,000 shares 34,000$1.1M0.1%newTimeline
ARCCARES CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 200,000 shares; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 50,000 shares 50,000$1.02M0.09%-50,000Timeline
STWDSTARWOOD PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 39,360 shares 39,360$762K0.07%newTimeline
ADCAGREE RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares 10,000$710K0.06%newTimeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,000 shares 4,000$564K0.05%newTimeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares 10,000$373K0.03%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
DKDELEK US HLDGS INC NEW717,245$15.2Mshares
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC1,030,882$11.8Mshares
ELVELEVANCE HEALTH INC FORMERLY19,000$7.39Mshares
FSKFS KKR CAP CORP72,040$1.49Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001741675-25-000005 base2025-11-13acceptance time not in the bulk data set