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Callodine Capital Management, LP

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13F filer, CIK 1741675, BOSTON, MA

Callodine Capital Management, LP reported $1,245,095,120 across 52 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 55.56% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001741675-26-000002

Period
2025-12-31
Reported value
$1.25B
Holdings
52
Top 10 weight
55.56%
New
9
Sold out
10

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VTRSadded+2,739,736$34.1M
SPBadded+350,261$20.7M
APOadded+134,346$19.4M
GPNadded+224,966$17.4M
OWLadded+1,144,871$17.1M

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
EQHexited-1,042,693-$52.9M
SNYexited-698,046-$32.9M
CVSexited-313,427-$23.6M
SEEexited-473,161-$16.7M
RGAexited-71,637-$13.8M

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, Q4 2025

Share positions as resolved from 13F-HR 0001741675-26-000002, largest first. % of portfolio is the value over $1,245,095,120, 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; 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; 2025Q4: 2,065,216 shares 2,065,216$122M9.8%+350,261Timeline
VTRSVIATRIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 9,680,736 shares 9,680,736$121M9.68%+2,739,736Timeline
OWLBLUE OWL CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,047,402 shares 5,047,402$75.4M6.06%+1,144,871Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,000 shares; 2024Q4: not reported; 2025Q1: 80,307 shares; 2025Q2: 270,000 shares; 2025Q3: 326,380 shares; 2025Q4: 460,726 shares 460,726$66.7M5.36%+134,346Timeline
WWWWOLVERINE WORLD WIDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,524,326 shares 3,524,326$64M5.14%+822,966Timeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 50,000 shares; 2025Q1: 150,000 shares; 2025Q2: 265,708 shares; 2025Q3: 222,079 shares; 2025Q4: 226,345 shares 226,345$54.9M4.41%+4,266Timeline
MTCHMATCH GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,611,428 shares 1,611,428$52M4.18%+211,595Timeline
GSKGSK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 605,000 shares; 2024Q4: 700,000 shares; 2025Q1: 570,000 shares; 2025Q2: 598,519 shares; 2025Q3: 702,051 shares; 2025Q4: 1,004,327 shares 1,004,327$49.3M3.96%+302,276Timeline
GPNGLOBAL PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 150,000 shares; 2025Q1: 257,500 shares; 2025Q2: 252,758 shares; 2025Q3: 354,014 shares; 2025Q4: 578,980 shares 578,980$44.8M3.6%+224,966Timeline
LBRTLIBERTY ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 348,547 shares; 2025Q2: 1,057,000 shares; 2025Q3: 2,089,283 shares; 2025Q4: 2,288,934 shares 2,288,934$42.3M3.39%+199,651Timeline
BTIBRITISH AMERN TOB PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 527,500 shares; 2025Q3: 607,800 shares; 2025Q4: 680,377 shares 680,377$38.5M3.09%+72,577Timeline
AQNALGONQUIN POWER & UTILITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,749,636 shares 5,749,636$35.4M2.84%+167,795Timeline
JACKJACK IN THE BOX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,700,504 shares 1,700,504$32.2M2.59%+5,000Timeline
OREALTY INCOME CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 265,000 shares; 2025Q2: 335,000 shares; 2025Q3: 428,239 shares; 2025Q4: 560,083 shares 560,083$31.6M2.54%+131,844Timeline
BAXBAXTER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,611,166 shares 1,611,166$30.8M2.47%-144,834Timeline
FCPTFOUR CORNERS PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 765,275 shares; 2025Q4: 1,309,282 shares 1,309,282$30.2M2.42%+544,007Timeline
PRDOPERDOCEO ED CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 461,209 shares; 2024Q4: 556,245 shares; 2025Q1: 481,245 shares; 2025Q2: 634,029 shares; 2025Q3: 709,582 shares; 2025Q4: 963,690 shares 963,690$28.3M2.27%+254,108Timeline
MOALTRIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 139,075 shares; 2024Q4: 100,000 shares; 2025Q1: not reported; 2025Q2: 344,562 shares; 2025Q3: 393,705 shares; 2025Q4: 471,652 shares 471,652$27.2M2.18%+77,947Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,585,000 shares 1,585,000$26.1M2.1%+215,000Timeline
OCOWENS CORNING NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 122,930 shares; 2025Q4: 231,168 shares 231,168$25.9M2.08%+108,238Timeline
UGIUGI CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 293,750 shares; 2024Q4: 380,100 shares; 2025Q1: 300,000 shares; 2025Q2: 488,107 shares; 2025Q3: 596,607 shares; 2025Q4: 675,369 shares 675,369$25.3M2.03%+78,762Timeline
TSLXSIXTH STREET SPECIALTY LENDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,101,992 shares 1,101,992$23.9M1.92%+230,559Timeline
SSNCSS&C TECH HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,500 shares; 2024Q4: 130,000 shares; 2025Q1: 162,257 shares; 2025Q2: 192,837 shares; 2025Q3: 198,967 shares; 2025Q4: 237,253 shares 237,253$20.7M1.67%+38,286Timeline
SSTKSHUTTERSTOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 413,227 shares; 2025Q3: 768,705 shares; 2025Q4: 1,033,963 shares 1,033,963$19.7M1.59%+265,258Timeline
GPKGRAPHIC PACKAGING HLDG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 350,000 shares; 2025Q4: 1,026,776 shares 1,026,776$15.5M1.24%+676,776Timeline
TGTTARGET CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 20,000 shares; 2025Q3: 65,000 shares; 2025Q4: 126,000 shares 126,000$12.3M0.99%+61,000Timeline
MRPMILLROSE PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 361,647 shares 361,647$10.8M0.87%newTimeline
PAGPPLAINS GP HLDGS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 240,000 shares; 2025Q3: 540,000 shares; 2025Q4: 540,000 shares 540,000$10.3M0.83%0Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 101,500 shares 101,500$9.46M0.76%newTimeline
SHELSHELL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 125,000 shares; 2025Q3: 167,000 shares; 2025Q4: 117,000 shares 117,000$8.6M0.69%-50,000Timeline
SOLSSOLSTICE ADVANCED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 169,300 shares 169,300$8.22M0.66%newTimeline
GELGENESIS ENERGY L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 350,000 shares; 2025Q1: 450,000 shares; 2025Q2: 470,287 shares; 2025Q3: 470,287 shares; 2025Q4: 470,287 shares 470,287$7.34M0.59%0Timeline
NCDLNUVEEN CHURCHILL DIRECT LENDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 350,389 shares; 2024Q4: 350,389 shares; 2025Q1: 500,000 shares; 2025Q2: 525,000 shares; 2025Q3: 572,800 shares; 2025Q4: 549,369 shares 549,369$7.33M0.59%-23,431Timeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares; 2025Q4: 190,000 shares 190,000$6.97M0.56%+180,000Timeline
ONON SEMICONDUCTOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 124,200 shares 124,200$6.73M0.54%newTimeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,000 shares; 2025Q4: 50,000 shares 50,000$6.51M0.52%+46,000Timeline
GBDCGOLUB CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 553,314 shares; 2024Q4: 525,000 shares; 2025Q1: 525,000 shares; 2025Q2: 521,238 shares; 2025Q3: 521,238 shares; 2025Q4: 450,000 shares 450,000$6.11M0.49%-71,238Timeline
KBDCKAYNE ANDERSON BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 340,535 shares; 2024Q4: 340,535 shares; 2025Q1: 337,730 shares; 2025Q2: 337,730 shares; 2025Q3: 400,000 shares; 2025Q4: 400,000 shares 400,000$5.73M0.46%0Timeline
MFICMIDCAP FINANCIAL INVSTMNT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,112 shares; 2024Q4: 246,217 shares; 2025Q1: 409,850 shares; 2025Q2: 500,000 shares; 2025Q3: 510,808 shares; 2025Q4: 483,408 shares 483,408$5.53M0.44%-27,400Timeline
CIONCION INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 625,180 shares; 2024Q4: 500,000 shares; 2025Q1: 500,000 shares; 2025Q2: 550,000 shares; 2025Q3: 562,388 shares; 2025Q4: 562,388 shares 562,388$5.44M0.44%0Timeline
OBDCBLUE OWL CAPITAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 325,000 shares; 2025Q2: 325,000 shares; 2025Q3: 300,000 shares; 2025Q4: 300,000 shares 300,000$3.73M0.3%0Timeline
BBDCBARINGS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 553,270 shares; 2024Q4: 300,000 shares; 2025Q1: 300,000 shares; 2025Q2: 284,024 shares; 2025Q3: 304,024 shares; 2025Q4: 356,544 shares 356,544$3.27M0.26%+52,520Timeline
SRLNSSGA ACTIVE ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 70,000 shares 70,000$2.89M0.23%newTimeline
PAAPLAINS ALL AMERN PIPELINE LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,000 shares; 2025Q1: 150,000 shares; 2025Q2: 150,000 shares; 2025Q3: 150,000 shares; 2025Q4: 150,000 shares 150,000$2.69M0.22%0Timeline
JAAAJANUS DETROIT STR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 50,000 shares 50,000$2.53M0.2%newTimeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 56,307 shares; 2025Q4: 56,307 shares 56,307$2.21M0.18%0Timeline
BXSLBLACKSTONE SECD LENDING FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 225,000 shares; 2024Q4: 225,000 shares; 2025Q1: 200,000 shares; 2025Q2: 172,213 shares; 2025Q3: 100,000 shares; 2025Q4: 75,000 shares 75,000$1.97M0.16%-25,000Timeline
CCAPCRESCENT CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 120,000 shares 120,000$1.69M0.14%newTimeline
BCSFBAIN CAP SPECIALTY FIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,826 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 107,349 shares 107,349$1.49M0.12%newTimeline
ADCAGREE RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares; 2025Q4: 10,000 shares 10,000$720K0.06%0Timeline
STWDSTARWOOD PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 39,360 shares; 2025Q4: 39,360 shares 39,360$709K0.06%0Timeline
GETYGETTY IMAGES HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 500,000 shares 500,000$670K0.05%newTimeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
EQHEQUITABLE HLDGS INC1,042,693$52.9Mshares
SNYSANOFI SA698,046$32.9Mshares
CVSCVS HEALTH CORP313,427$23.6Mshares
SEESEALED AIR CORP NEW473,161$16.7Mshares
RGAREINSURANCE GROUP AMER INC71,637$13.8Mshares
MTBM & T BK CORP68,732$13.6Mshares
CCITIGROUP INC120,897$12.3Mshares
BRKRPBRUKER CORP40,000$10.9Mshares
BRKRBRUKER CORP34,000$1.1Mshares
ARCCARES CAPITAL CORP50,000$1.02Mshares

How Q4 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 0001741675-26-000002 base2026-02-13acceptance time not in the bulk data set