1y return+13.6%S&P 500 +20.9%
3y return+40.7%S&P 500 +68.5%
5y return+33.7%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $188 against $299 in the S&P 500.2
Callodine Capital Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPBSpectrum Brands Holdings Inc | $149.1M | 9.8% | −15.1% |
| VTRSViatris Inc | $127.1M | 8.4% | −1.5% |
| WWWWolverine World Wide Inc | $80.7M | 5.3% | +8.4% |
| GPNGlobal Pmts Inc | $72.0M | 4.7% | +16.6% |
| MTCHMatch Group Inc New | $65.0M | 4.3% | +1.0% |
| BTIBritish Amern Tob PLC | $62.3M | 4.1% | −6.4% |
| COFCapital One Finl Corp | $56.1M | 3.7% | +6.4% |
| OVVOvintiv Inc | $52.5M | 3.5% | +35.8% |
| GSKGsk PLC | $51.4M | 3.4% | −22.2% |
| BXBlackstone Inc | $48.0M | 3.2% | −9.6% |
| UNHUnitedhealth Group Inc | $47.8M | 3.1% | New |
| OCOwens Corning New | $46.1M | 3.0% | −11.2% |
| FCPTFour Corners Ppty Tr Inc | $37.9M | 2.5% | −1.5% |
| PRDOPerdoceo Ed Corp | $37.3M | 2.5% | −11.4% |
| MTHMeritage Homes Corp | $36.9M | 2.4% | +225.9% |
| ETEnergy Transfer L P | $35.9M | 2.4% | |
| ORealty Income Corp | $34.3M | 2.3% | |
| WFCWells Fargo & Co | $33.7M | 2.2% | +3.1% |
| UDRUdr Inc | $32.1M | 2.1% | −3.5% |
| BBWIBath & Body Works Inc | $31.1M | 2.0% | +27.9% |
| APOApollo Global Mgmt Inc | $29.6M | 1.9% | −42.9% |
| JACKJack In The Box Inc | $27.1M | 1.8% | −2.5% |
| INVHInvitation Homes Inc | $25.7M | 1.7% | New |
| SSNCSs&c Tech Hldgs | $25.7M | 1.7% | −7.9% |
| MRPMillrose Pptys Inc | $24.9M | 1.6% | +8.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| ETEnergy Transfer L P | June 30, 2020 | +168.6% | $35.9M |
| WWWWolverine World Wide Inc | September 30, 2023 | +105.1% | $80.7M |
| PRDOPerdoceo Ed Corp | March 31, 2024 | +82.2% | $37.3M |
| GSKGsk PLC | December 31, 2022 | +49.2% | $51.4M |
| MTHMeritage Homes Corp | March 31, 2026 | +35.6% | $36.9M |
| TGTTarget Corp | June 30, 2025 | +32.4% | $23.3M |
| BTIBritish Amern Tob PLC | June 30, 2025 | +30.5% | $62.3M |
| OVVOvintiv Inc | September 30, 2025 | +30.4% | $52.5M |
| TRIPTripadvisor Inc | March 31, 2026 | +28.6% | $7.3M |
| PAGPPlains Gp Hldgs L P | June 30, 2025 | +24.9% | $8.3M |
Sold off last quarter
- ONOn Semiconductor Corp was $20.5M
- MOAltria Group Inc was $17.5M
- UGIUgi Corp New was $14.1M
- MFICMidcap Financial Invstmnt Co was $5.1M
- PAAPlains All Amern Pipeline L was $4.5M
- GETYGetty Images Holdings Inc was $476K
- STWDStarwood Ppty Tr Inc was $344K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.0% | +14.8% |
| March 31, 2026 | −0.8% | −4.6% |
| December 31, 2025 | +0.6% | +2.4% |
| September 30, 2025 | +5.4% | +7.8% |
| June 30, 2025 | +0.2% | +10.5% |
| March 31, 2025 | −7.0% | −4.6% |
| December 31, 2024 | +2.2% | +2.1% |
| September 30, 2024 | +8.5% | +5.4% |
| June 30, 2024 | +0.7% | +4.0% |
| March 31, 2024 | +7.6% | +10.0% |
| December 31, 2023 | +7.3% | +11.2% |
| September 30, 2023 | +3.0% | −3.6% |
| June 30, 2023 | +3.7% | +8.3% |
| March 31, 2023 | +2.6% | +7.0% |
| December 31, 2022 | +9.0% | +7.1% |
| September 30, 2022 | −9.2% | −5.3% |
| June 30, 2022 | −11.4% | −16.5% |
| March 31, 2022 | +1.4% | −4.9% |
| December 31, 2021 | +2.5% | +10.7% |
| September 30, 2021 | −1.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Callodine Capital Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1741675&type=13F-HR&dateb=&owner=include&count=40CIK 1741675
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1741675/000174167526000004/Filed August 14, 2026 · accession 0001741675-26-000004