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Callodine Capital Management, LP

Q4 2025 · Filed 2026-02-13
Market Value
$1.2B
+10.1%
Holdings
61
+5
New Purchases
9
Added To
28
Closed
9
Reduced
6
Top 10 Concentration
55.6%
Turnover
29.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTRS 9.68% 6.08% +3.60% $121M
SPB 9.80% 7.97% +1.83% $122M
APO 5.36% 3.85% +1.51% $67M
GSK 3.96% 2.68% +1.28% $49M
LBRT 3.39% 2.28% +1.11% $42M
GPN 3.60% 2.60% +1.00% $45M
MRP 0.87% 0.00% +0.87% $11M
FCPT 2.42% 1.65% +0.77% $30M
WFC 0.76% 0.00% +0.76% $9M
SOLS 0.66% 0.00% +0.66% $8M
GPK 1.24% 0.61% +0.64% $15M
ON 0.54% 0.00% +0.54% $7M
OC 2.08% 1.54% +0.54% $26M
UDR 0.56% 0.03% +0.53% $7M
TGT 0.99% 0.52% +0.47% $12M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EQH 0.00% 4.68% -4.68% $0
SNY 0.00% 2.91% -2.91% $0
CVS 0.00% 2.09% -2.09% $0
SEE 0.00% 1.48% -1.48% $0
WWW 5.14% 6.56% -1.42% $64M
RGA 0.00% 1.22% -1.22% $0
MTB 0.00% 1.20% -1.20% $0
C 0.00% 1.09% -1.09% $0
BAX 2.47% 3.54% -1.06% $31M
JACK 2.59% 2.96% -0.38% $32M
SHEL 0.69% 1.06% -0.37% $9M
MTCH 4.18% 4.37% -0.19% $52M
GBDC 0.49% 0.63% -0.14% $6M
MO 2.18% 2.30% -0.12% $27M
NCDL 0.59% 0.70% -0.11% $7M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $18M 1.5%
Large Cap 26 $604M 48.5%
Mid Cap 18 $323M 25.9%
Small Cap 13 $268M 21.5%
Micro Cap 1 $32M 2.6%

Portfolio Analytics

Avg Market Cap
$34.9B
Median Market Cap
$9.5B
Avg P/E
25.4
Median P/E
15.0
Avg Dividend Yield
0.06%
Avg Beta
0.81
# Stocks
59
# ETFs / Funds
2

Top Holdings (61 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SPB 9.80% 2,065,216 $122M $59.08 $32M +350,261 +20.4%
2 VTRS 9.68% 9,680,736 $121M $12.45 $52M +2,739,736 +39.5%
3 OWL 6.06% 5,047,402 $75M $14.94 $9M +1,144,871 +29.3%
4 APO 5.36% 460,726 $67M $144.76 $23M +134,346 +41.2%
5 WWW 5.14% 3,524,326 $64M $18.15 -$10M +822,966 +30.5%
6 COF 4.41% 226,345 $55M $242.36 $8M +4,266 +1.9%
7 MTCH 4.18% 1,611,428 $52M $32.29 $3M +211,595 +15.1%
8 GSK 3.96% 1,004,327 $49M $49.04 $19M +302,276 +43.1%
9 GPN 3.60% 578,980 $45M $77.40 $15M +224,966 +63.5%
10 LBRT 3.39% 2,288,934 $42M $18.46 $16M +199,651 +9.6%
11 BTI 3.09% 680,377 $39M $56.62 $6M +72,577 +11.9%
12 AQN 2.84% 5,749,636 $35M $6.15 $5M +167,795 +3.0%
13 JACK 2.59% 1,700,504 $32M $18.95 -$1M +5,000 +0.3%
14 O 2.54% 560,083 $32M $56.37 $6M +131,844 +30.8%
15 BAX 2.47% 1,611,166 $31M $19.11 -$9M -144,834 -8.2%
16 FCPT 2.42% 1,309,282 $30M $23.06 $12M +544,007 +71.1%
17 PRDO 2.27% 963,690 $28M $29.33 $2M +254,108 +35.8%
18 MO 2.18% 471,652 $27M $57.66 $1M +77,947 +19.8%
19 ET 2.10% 1,585,000 $26M $16.49 $3M +215,000 +15.7%
20 OC 2.08% 231,168 $26M $111.91 $8M +108,238 +88.0%
21 UGI 2.03% 675,369 $25M $37.43 $5M +78,762 +13.2%
22 TSLX 1.92% 1,101,992 $24M $21.72 $4M +230,559 +26.5%
23 SSNC 1.67% 237,253 $21M $87.42 $3M +38,286 +19.2%
24 SSTK 1.59% 1,033,963 $20M $19.10 $4M +265,258 +34.5%
25 GPK 1.24% 1,026,776 $15M $15.06 $9M +676,776 +193.4%
26 TGT 0.99% 126,000 $12M $97.75 $6M +61,000 +93.8%
27 MRP 0.87% 361,647 $11M $29.87 +361,647 NEW
28 PAGP 0.83% 540,000 $10M $19.14 $486K
29 WFC 0.76% 101,500 $9M $93.20 +101,500 NEW
30 SHEL 0.69% 117,000 $9M $73.48 -$3M -50,000 -29.9%
31 SOLS 0.66% 169,300 $8M $48.58 +169,300 NEW
32 GEL 0.59% 470,287 $7M $15.60 -$522K
33 NCDL 0.59% 549,369 $7M $13.34 -$576K -23,431 -4.1%
34 UDR 0.56% 190,000 $7M $36.68 $7M +180,000 +1800.0%
35 ON 0.54% 124,200 $7M $54.15 +124,200 NEW
36 EXR 0.52% 50,000 $7M $130.22 $6M +46,000 +1150.0%
37 GBDC 0.49% 450,000 $6M $13.57 -$1M -71,238 -13.7%
38 KBDC 0.46% 400,000 $6M $14.32 $400K
39 AINV 0.44% 483,408 $6M $11.44 -$594K -27,400 -5.4%
40 CION 0.44% 562,388 $5M $9.67 $107K
41 OBDC 0.30% 300,000 $4M $12.43 -$102K
42 BBDC 0.26% 356,544 $3M $9.18 $610K +52,520 +17.3%
43 SRLN 0.23% 70,000 $3M $41.27 +70,000 NEW
44 PAA 0.22% 150,000 $3M $17.96 $135K
45 JAAA 0.20% 50,000 $3M $50.58 +50,000 NEW
46 OVV 0.18% 56,307 $2M $39.19 -$67K
47 BXSL 0.16% 75,000 $2M $26.33 -$632K -25,000 -25.0%
48 CCAP 0.14% 120,000 $2M $14.05 +120,000 NEW
49 BCSF 0.12% 107,349 $1M $13.91 +107,349 NEW
50 ADC 0.06% 10,000 $720K $72.03 $10K
51 STWD 0.06% 39,360 $709K $18.01 -$54K
52 GETY 0.05% 500,000 $670K $1.34 +500,000 NEW
53 BRKRP —% -$1M -34,000 -100.0% SOLD
54 CVS —% -$24M -313,427 -100.0% SOLD
55 SNY —% -$33M -698,046 -100.0% SOLD
56 ARCC —% -$1M -50,000 -100.0% SOLD
57 MTB —% -$14M -68,732 -100.0% SOLD
58 C —% -$12M -120,897 -100.0% SOLD
59 RGA —% -$14M -71,637 -100.0% SOLD
60 EQH —% -$53M -1,042,693 -100.0% SOLD
61 SEE —% -$17M -473,161 -100.0% SOLD

New Positions

SymbolValue% Port
MRP $11M 0.87%
WFC $9M 0.76%
SOLS $8M 0.66%
ON $7M 0.54%
SRLN $3M 0.23%
JAAA $3M 0.20%
CCAP $2M 0.14%
BCSF $1M 0.12%
GETY $670K 0.05%

Sold Out Positions

SymbolValue% Port
CVS —%
MTB —%
RGA —%
EQH —%
ARCC —%
C —%
SNY —%
BRKRP —%
SEE —%
View SEC EDGAR Filings for Callodine Capital Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms