Callodine Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Callodine Capital Management reported a $1.5 bn portfolio of 61 companies (62 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are SPB, VTRS, WWW. During the quarter it opened UnitedHealth Group and Invitation Homes and exited On Semiconductor and Altria Group.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Callodine Capital Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
What changed this quarter
65 positions with a change (14 new, 21 added to, 23 trimmed, 7 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- UnitedHealth Group+3.1 ppof portfolioNew— → 3.1%
- Spectrum Brands Holdings−15%fewer sharesReduced10.7% → 9.8%
- Invitation Homes+1.7 ppof portfolioNew— → 1.7%
- Meritage Homes+226%more sharesIncreased0.6% → 2.4%
- Apollo Global Management−43%fewer sharesReduced3.4% → 1.9%
- Baxter International−92%fewer sharesReduced1.6% → 0.2%
- On Semiconductor−1.3 ppof portfolioSold out1.4% → —
- Altria Group−1.1 ppof portfolioSold out1.2% → —
- Valley National Bancorp+1.0 ppof portfolioNew— → 1.0%
- GSK−22%fewer sharesReduced4.9% → 3.4%
- UGI−0.9 ppof portfolioSold out1.0% → —
- Ovintiv+36%more sharesIncreased3.1% → 3.5%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Spectrum Brands HoldingsSPB9.8%
- ViatrisVTRS8.4%
- Wolverine World WideWWW5.3%
- Global PaymentsGPN4.7%
- Match GroupMTCH4.3%
- British American Tobacco p.l.c.BTI4.1%
- Capital One FinancialCOF3.7%
- OvintivOVV3.5%
- GSKGSK3.4%
- BlackstoneBX3.2%
- UnitedHealth GroupUNH3.1%
- Owens CorningOC3.0%
- Four Corners Property TrustFCPT2.5%
- Perdoceo EducationPRDO2.5%
- Meritage HomesMTH2.4%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 19%
- ● Consumer Staples 15%
- ● Health Care 15%
- ● Consumer Discretionary 14%
- ● Real Estate 12%
- ● Energy 7%
- ● No sector 6%
- ● Communication Services 5%
- ● Industrials 3%
- ● Information Technology 3%
- ● Materials 1%
How its portfolio changed (8 quarters)
Q2 2026: 62
Q2 2026: 50%
Q2 2026: 13.3%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (1)
Besides stocks, Callodine Capital Management declared 1 call (they gain if it rises) with a notional of $11.8M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- CALLBlue OWL CapitalOWL$11.8M
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Sep 15, 2026 (high confidence).
The data, as reported: CALLODINE CAPITAL MANAGEMENT (CRD 297115): 7.B private funds: 1 hedge, 1 other (gross assets $955M); 5.D assets by client type: pooled vehicles 74%, registered funds 22% (of $2.0 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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