Angelo Gordon portfolio
Investment firmPortfolio as of Dec 31, 2025 (Q4 2025) · filed with the SEC on Feb 17, 2026 · Q4 2025 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.
Since Q2 2026 this manager files a 13F-NT notice: its holdings are reported by another entity. This shows its latest 13F with holdings.
Angelo Gordon reported a $1.1 bn portfolio of 45 companies (46 positions, counting each share class separately) to the SEC as of the end of Q4 2025. Its largest positions are Anywhere Real Estate, NVRI, UGI. During the quarter it opened Quanex Building Products and Dayforce and exited Southern and KKR.
Sections with a free account
What changed this quarter
42 positions with a change (12 new, 18 added to, 4 trimmed, 8 sold); also, 1 entered through an IPO, 6 exited through an acquisition or merger, 1 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Enviri+199%more sharesIncreased1.8% → 6.0%
- Southern−3.5 ppof portfolioSold out4.5% → —
- Quanex Building Products+3.0 ppof portfolioNew— → 3.0%
- Bruker+166%more sharesIncreased1.7% → 4.6%
- KKR−2.7 ppof portfolioSold out3.4% → —
- American WTR Cap−2.2 ppof portfolioSold out2.9% → —
- Ares Management+205%more sharesIncreased1.3% → 3.2%
- NGL Energy Partners+87%more sharesIncreased1.8% → 4.4%
- Anywhere Real Estate Group L−98%fewer sharesReduced2.6% → under 0.1%
- Duke Energy+125%more sharesIncreased2.1% → 3.5%
- PPL Cap FDG+240%more sharesIncreased1.0% → 2.6%
- Dayforce+1.4 ppof portfolioNew— → 1.4%
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
- Anywhere Real Estate13.0%
- EnviriNVRI6.0%
- UGI(bond)5.4%
- Bofa FIN(bond)5.3%
- Evergy(bond)5.2%
- Pg&e(preferred)5.1%
- Bruker(preferred)4.6%
- NGL Energy PartnersNGL4.4%
- Starwood Ppty Tr(bond)4.3%
- WEC Energy Group(bond)3.7%
- Hewlett Packard Enterprise C(preferred)3.6%
- Duke Energy(bond)3.5%
- Novanta(preferred)3.4%
- Ares Management(preferred)3.2%
- Quanex Building ProductsNX3.0%
“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
- ● No sector 80%
- ● Industrials 8%
- ● Energy 4%
- ● Materials 3%
- ● Real Estate 2%
- ● Health Care 1%
- ● Communication Services 1%
How its portfolio changed (8 quarters)
Q4 2025: 46
Q4 2025: 55%
Q4 2025: 22.5%
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.
13F filings with amendments or confidential positions
- 13F Q2 2024 ↗filed Aug 13, 2024Amendment of Nov 14, 2024 (replaces the original) ↗
Declared options (15)
Besides stocks, Angelo Gordon declared 15 calls (they gain if it rises) with a notional of $286K. 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.
- CALLKodiak AIKDKRW$76.5K
- CALLFalcon’s Beyond GlobalFBYDW$50.5K
- CALLHaymaker Acquisition Corp IV$38.8K
- CALLSpectral AIMDAIW$33.8K
- CALLAlpha Modus HoldingsAMODW$32.3K
- CALLBlue GoldBGLWW$13.9K
- CALLCoincheck GroupCNCKW$12.0K
- CALLLifezone MetalsLZM/WS$10.3K
- CALLRoadzenRDZNW$6.8K
- CALLComplete SolariaSPWRW$6.0K
- CALLBaird Medical Investment HoldingsBDMDW$3.0K
- CALLLotus TechnologyLOTWW$1.4K
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 Aug 24, 2026 (high confidence).
The data, as reported: TPG ANGELO GORDON (CRD 131940): 7.B private funds: 176 hedge, 32 pe, 1 inmobiliario, 21 titulizacion, 7 other (gross assets $107.1 bn); 5.D assets by client type: pooled vehicles 99% (of $115.9 bn) · 13F: 42% of the portfolio was already held when the stock started trading
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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