Callodine Capital Management, LP

Hedge Fund • Long/Short

Callodine Capital Management, LP is a Long/Short Hedge Fund based in New York, NY led by James Stuart Morrow, managing $1.1B across 52 long positions as of Q3 2025 with 50% concentrated in top 10 holdings.

CEOJames Stuart Morrow

Portfolio Value: $1.1B
Positions: 52
Top Holding: SPB at 7.97%
Last Reported: Q3 2025

Address375 Park Avenue, New York, NY, 10152, United States

Top Holdings

Largest long holdings in Callodine Capital Management, LP's portfolio (50% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Spectrum Brands Holdings SPB	Household & Personal Products Consumer Defensive	$90.1M	7.97%	+$19.0M Bought	7.08% 1.7M shares	Q1 2022 Held for 3y 8m
2 Wolverine World Wide WWW	Apparel - Footwear & Accessories Consumer Cyclical	$74.1M	6.56%	-$43.8M Sold	3.32% 2.7M shares	Q3 2023 Held for 2y 2m
3 Viatris VTRS	Drug Manufacturers - Specialty & Generic Healthcare	$68.7M	6.08%	+$9.4M Bought	0.60% 6.9M shares	Q1 2020 Held for 5y 8m
4 Blue Owl Capital OWL	Asset Management Financial Services	$66.1M	5.84%	+$23.4M Bought	0.60% 3.9M shares	Q3 2021 Held for 4y 2m
5 Equitable Holdings EQH	Insurance - Diversified Financial Services	$52.9M	4.68%	+$15.4M Bought	0.35% 1.0M shares	Q1 2025 Held for 8 months
6 Match Group MTCH	Internet Content & Information Communication Services	$49.4M	4.37%	+$1.6M Bought	— 1.4M shares	Q4 2024 Held for 11 months
7 Capital One Financial COF	Financial - Credit Services Financial Services	$47.2M	4.18%	-$9.3M Sold	0.03% 222.1K shares	Q4 2024 Held for 11 months
8 Apollo Global Management APO	Asset Management - Global Financial Services	$43.5M	3.85%	+$7.5M Bought	0.06% 326.4K shares	Q3 2023 Held for 2y 2m
9 Baxter International BAX	Medical - Instruments & Supplies Healthcare	$40.0M	3.54%	+$6.7M Bought	0.34% 1.8M shares	Q3 2023 Held for 2y 2m
10 Jack in the Box JACK	Restaurants Consumer Cyclical	$33.5M	2.96%	+$1.5M Bought	8.98% 1.7M shares	Q2 2024 Held for 1y 5m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Callodine Capital Management, LP's latest filing

See all changes

GthenC

Market Value

$1.1B

Prior: $965.7M

Q/Q Change

+17.08%

+$165.0M

Net Flows % of MV

+8.7%

Turnover Ratio

16.54%

New Purchases

6 stocks

$27.0M

Added To

31 stocks

+$198.3M

Sold Out Of

4 stocks

$35.9M

Reduced Holdings

9 stocks

-$91.2M

Increased Positions

Position	Shares Δ	Change
1 Owens Corning OC	New	0 → 122.9K +$17.4M
2 Graphic Packaging Holding GPK	New	0 → 350.0K +$6.8M
3 Bruker BRKR	New	0 → 34.0K +$1.1M
4 Starwood Property Trust STWD	New	0 → 39.4K +$762.4K
5 Extra Space Storage EXR	New	0 → 4.0K +$563.8K

Decreased Positions

Position	Shares Δ	Change
1 Delek US Holdings DK	Sold	717.2K → 0 −$15.2M
2 Walgreens Boots Alliance WBA	Sold	1.0M → 0 −$11.8M
3 Elevance Health ELV	Sold	19.0K → 0 −$7.4M
4 FS KKR Capital Corp. FSK	Sold	72.0K → 0 −$1.5M
5 Ares Capital ARCC	-50.0%	100.0K → 50.0K −$1.0M