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Livermore
Livermore
ZHEN

Callodine Capital Management, LP

SEC CIK
0001741675
Latest filing
Aug 14, 2026

The latest 13F from Callodine Capital Management, LP covers Q2 2026 (filed Aug 14, 2026): 62 long positions worth $1.52B. The top 10 holdings make up 50.3% of the portfolio, and the largest is Spectrum Brands Holdings, Inc. (SPB) at 9.8%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
14
Est. +$111.3M
Added
21
Est. +$91.8M
Reduced
24
Est. −$141.0M
Sold out
7
Est. −$62.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPBSpectrum Brands Holdings, Inc.
    9.8%$149.1MHistory
  2. VTRSViatris Inc
    8.4%$127.1MHistory
  3. WWWWolverine World Wide Inc
    5.3%$80.7MHistory
  4. GPNGlobal Payments Inc
    4.7%$72.0MHistory
  5. MTCHMatch Group, Inc.
    4.3%$65.0MHistory

Share of portfolio

Top 5 holdings and the other 57 positions, by share of portfolio value

  1. SPB9.8%
  2. VTRS8.4%
  3. WWW5.3%
  4. GPN4.7%
  5. MTCH4.3%
  6. Other 57 positions67.5%

Biggest buys

New and added positions, by estimated amount bought

  1. UNHUnitedHealth Group Inc
    +$47.8MNewHistory
  2. INVHInvitation Homes Inc.
    +$25.7MNewHistory
  3. MTHMeritage Homes CORP
    +$25.6MAddedHistory
  4. VLYValley National Bancorp
    +$15.5MNewHistory
  5. OVVOvintiv Inc.
    +$13.8MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. UNHUnitedHealth Group Inc
    +3.14 pp0.0% → 3.1%History
  2. MTHMeritage Homes CORP
    +1.84 pp0.6% → 2.4%History
  3. INVHInvitation Homes Inc.
    +1.69 pp0.0% → 1.7%History
  4. VLYValley National Bancorp
    +1.02 pp0.0% → 1.0%History
  5. GPNGlobal Payments Inc
    +0.70 pp4.0% → 4.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPBSpectrum Brands Holdings, Inc.
    −$26.6MReducedHistory
  2. BAXBaxter International Inc
    −$25.7MReducedHistory
  3. APOApollo Global Management, Inc.
    −$22.3MReducedHistory
  4. ONOn Semiconductor Corp
    −$20.5MSold outHistory
  5. MOAltria Group, Inc.
    −$17.5MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. GSKGSK plc
    −1.52 pp4.9% → 3.4%History
  2. APOApollo Global Management, Inc.
    −1.50 pp3.4% → 1.9%History
  3. ONOn Semiconductor Corp
    −1.44 pp1.4% → 0.0%History
  4. BAXBaxter International Inc
    −1.40 pp1.6% → 0.2%History
  5. MOAltria Group, Inc.
    −1.23 pp1.2% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.52B
+$102.5M (+7.2%) vs. prior quarter
Positions
62
+7 vs. prior quarter
Top 10 concentration
50.3%
Top 10 as share of value
Turnover
13.8%
Q2 2026, one quarter
Average holding period
9.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.52B (Q2 2026)

Q1 2021: $230.4MQ2 2021: $265.0MQ3 2021: $251.3MQ4 2021: $242.3MQ1 2022: $306.8MQ2 2022: $332.9MQ3 2022: $317.3MQ4 2022: $331.2MQ1 2023: $339.0MQ2 2023: $348.3MQ3 2023: $358.7MQ4 2023: $379.7MQ1 2024: $413.3MQ2 2024: $428.7MQ3 2024: $479.6MQ4 2024: $484.3MQ1 2025: $601.2MQ2 2025: $965.7MQ3 2025: $1.14BQ4 2025: $1.25BQ1 2026: $1.42BQ2 2026: $1.52B
Q1 2021Q2 2026
13F filings of Callodine Capital Management, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202662$1.52BSPBVTRSWWWvs. Q1 2026SEC
Q1 2026May 15, 202655$1.42BSPBVTRSWWWvs. Q4 2025SEC
Q4 2025Feb 13, 202652$1.25BSPBVTRSOWLvs. Q3 2025SEC
Q3 2025Nov 13, 202553$1.14BSPBWWWVTRSvs. Q2 2025SEC
Q2 2025Aug 13, 202547$965.7MWWWSPBCOFvs. Q1 2025SEC
Q1 2025May 14, 202543$601.2MSPBWWWVTRSvs. Q4 2024SEC
Q4 2024Feb 13, 202542$484.3MSPBWWWVTRSvs. Q3 2024SEC
Q3 2024Nov 13, 202443$479.6MWWWSPBVTRSvs. Q2 2024SEC
Q2 2024Aug 13, 202443$428.7MWWWVTRSSPBvs. Q1 2024SEC
Q1 2024May 14, 202438$413.3MVTRSTSLXWWWvs. Q4 2023SEC
Q4 2023Feb 14, 202438$379.7MVTRSTSLXBBDCvs. Q3 2023SEC
Q3 2023Nov 13, 202342$358.7MTSLXVTRSBBDCvs. Q2 2023SEC
Q2 2023Aug 14, 202336$348.3MTSLXSPBVTRSvs. Q1 2023SEC
Q1 2023May 12, 202345$339.0MTSLXRDNBXSLvs. Q4 2022SEC
Q4 2022Feb 13, 202342$331.2MBXSLTSLXVTRSvs. Q3 2022SEC
Q3 2022Nov 14, 202244$317.3MBXSLTSLXBBDCvs. Q2 2022SEC
Q2 2022Aug 12, 202249$332.9MBBDCRDNTSLXvs. Q1 2022SEC
Q1 2022May 13, 202242$306.8MBMYTSLXVZvs. Q4 2021SEC
Q4 2021Feb 14, 202236$242.3MBMYRDNPNNTvs. Q3 2021SEC
Q3 2021Nov 12, 202142$251.3MBMYRDNEQHvs. Q2 2021SEC
Q2 2021Aug 13, 202141$265.0MARESBMYRDNvs. Q1 2021SEC
Q1 2021May 14, 202136$230.4MRDNBMYFIS–SEC

13D and 13G filings

Companies where Callodine Capital Management, LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where Callodine Capital Management, LP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
JACKJack in the Box Inc13G8.58%1.62M sharesNewAug 14, 20251 filingAug 14, 2025SEC
SPBSpectrum Brands Holdings, Inc.13G/A7.56%1.74M shares−1.31 ppfrom 8.87%Aug 14, 20254 filingsAug 14, 2026SEC
WWWWolverine World Wide Inc13G5.96%4.51M shares+2.64 ppfrom 3.32%Aug 14, 20253 filingsMay 15, 2026SEC

Latest filings

9 filings on file made by Callodine Capital Management, LP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Callodine Capital Management, LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
SPBSpectrum Brands Holdings, Inc.Aug 14, 20264:04 PM ET13G/A7.56%1.74M shares−1.31 ppfrom 8.87%Jun 30, 2026SEC
WWWWolverine World Wide IncMay 15, 20264:12 PM ET13G5.96%4.51M shares+2.64 ppfrom 3.32%Mar 31, 2026SEC
SPBSpectrum Brands Holdings, Inc.Feb 17, 20264:04 PM ET13G/A8.87%2.07M shares+1.79 ppfrom 7.08%Dec 31, 2025SEC
WWWWolverine World Wide IncNov 14, 20254:07 PM ET13G/A3.32%2.70M shares−1.98 ppfrom 5.30%Below 5%Sep 30, 2025SEC
SPBSpectrum Brands Holdings, Inc.Nov 14, 20254:07 PM ET13G/A7.08%1.71M shares+1.66 ppfrom 5.42%Sep 30, 2025SEC
WWWWolverine World Wide IncAug 14, 20254:15 PM ET13G5.30%4.30M sharesNewJun 30, 2025SEC
SPBSpectrum Brands Holdings, Inc.Aug 14, 20254:14 PM ET13G5.42%1.35M sharesNewJun 30, 2025SEC
JACKJack in the Box IncAug 14, 20254:13 PM ET13G8.58%1.62M sharesNewJun 30, 2025SEC
BCICBCP Investment CorpFeb 1, 202113G/AOld format–––SEC