CALLODINE CAPITAL MANAGEMENT, LP other names

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm
- An investment adviser (or subadviser) to an investment company

Number of Employees:

14 7.69%

of those in investment advisory functions:

5

Registration:

SEC, Approved, 8/17/2018

AUM:

607,377,948 18.28%

of that, discretionary:

607,377,948 18.28%

GAV:

519,261,794 5.25%

Avg Account Size:

101,229,658 18.28%

SMA’s:

YES

Private Funds:

2 1

Contact Info

617 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
513M 440M 367M 293M 220M 147M 73M
2018 2019 2020 2021 2022 2023

Recent News

10 Stocks to Buy According to James Morrow’s Callodine Capital Management
10/17/2022

In this article, we discuss 10 stocks to buy according to James Morrow’s Callodine Capital Management. If you want to skip our detailed analysis of Morrow’s history, investment philosophy, and hedge fund performance, go directly to 5 Stocks to Buy According to James Morrow’s Callodine Capital Management. In 2018, James Morrow founded Callodine Capital Management, the […]

Insider Monkey

5 Stocks to Buy According to James Morrow’s Callodine Capital Management
10/17/2022

In this article, we discuss 5 stocks to buy according to James Morrow’s Callodine Capital Management. If you want to read our detailed analysis of Morrow’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Buy According to James Morrow’s Callodine Capital Management. 5. Equitable Holdings, Inc. (NYSE:EQH) Callodine Capital Management’s Stake […]

Insider Monkey

Top 10 Stock Picks of James Morrow’s Callodine Capital Management
07/04/2022

Insider Monkey

Top 5 Stock Picks of James Morrow’s Callodine Capital Management
07/04/2022

Insider Monkey

Top 5 1st Quarter Trades of Callodine Capital Management, LP
05/16/2022

Related Stocks: ADC, SPB, EXC, VVV, KKR,

gurufocus.com

Callodine Capital Management, LP Buys Sonic Automotive Inc, Equitable Holdings Inc, DT ...
11/13/2021

Related Stocks: SAH, EQH, MO, VZ, MPW, NEM, DTM, EAT, EXC, NLOK, ATO, OWL, C, MOS, TAP, OCSL, DXC, BOX,

gurufocus.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 1 $443,095,280
Other Private Fund 1 $76,166,514

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
83012A109 SIXTH STREET SPECIALTY LENDI $23,976,000 6.00% -17.00% -21.00%
92556V106 VIATRIS INC $21,118,500 6.00% -8.00% -16.00%
09261X102 BLACKSTONE SECD LENDING FD $17,371,823 5.00% 29.00% 28.00%
06759L103 BARINGS BDC INC $16,802,712 4.00% -23.00% -20.00%
978097103 WOLVERINE WORLD WIDE INC $13,601,700 4.00% 69.00% 53.00%
84790A105 SPECTRUM BRANDS HLDGS INC NE $14,586,982 4.00% -23.00% -25.00%
80105N105 SANOFI $11,189,250 3.00% -15.00% -8.00%
071813109 BAXTER INTL INC $10,631,500 3.00% 6.00% 4.00%
09581B103 BLUE OWL CAPITAL INC $13,037,500 3.00% -27.00% -37.00%
G0751N103 ATLANTICA SUSTAINABLE INFR P $9,890,000 3.00%

Brochure Summary

Overview

Callodine Capital Management, LP was formed in 2018. The principal owner is Callodine Group, LLC, (“Callodine Group”) which is majority owned by James Morrow (“Principal”). CCM provides advisory services to privately offered pooled investment vehicles exempt from registration under the Investment Company Act of 1940, as amended, organized by CCM or its affiliates (collectively, the “Callodine Funds” or the “Funds”) and a separately managed account. We may, in the future, organize additional investment vehicles or manage additional separately managed accounts that follow an investment program similar to or different from the investment program of the Callodine Funds. Certain Callodine Funds are organized in a master-feeder structure in which case investors invest in our feeder funds: the Callodine Capital Fund, LP, a Delaware limited partnership and the Callodine Capital Offshore Fund, Ltd., a Cayman Islands exempted company (the “Feeder Funds”). The Callodine Feeder Funds invest in parallel through our master fund, Callodine Capital Master Fund, LP, a Cayman Islands exempted limited partnership (the “Master Fund”). The Funds offer series A and F limited partnership interests as described in the Funds’ offering documents. In addition, Series SI Interests have been offered to one strategic investor (the “Strategic Investor”). All Interests invest in the same underlying assets, provided that certain terms associated with each Series will be different, including with respect to the Management Fee and the Performance Allocation percentages described in Item 5 and Item 6. CCM also serves as investment manager for the Callodine BDC Income
Fund, LP (formerly Callodine Special Opportunity Fund, LP), (“BDC Fund”) and the Callodine Equity Income Fund, LP (“EI Fund”), both Delaware limited partnerships. Both Funds offer series A limited partnership interests as described in the Funds’ offering documents. All of the CCM private funds are collectively referred to herein as “Funds”. CCM manages the Funds in a manner consistent with the investment strategy described in the Funds’ offering documents. In addition to day-to-day trading responsibilities, CCM bears primary responsibility for making investment decisions for the Funds and developing investment strategies consistent with the investment objectives, policies and restrictions applicable to the Funds. For the master/feeder Funds, investment advice is provided directly to the Master Fund, subject to the discretion and control of the general partner. CCM does not provide specifically tailored advice to investors in the Funds. Any investment restrictions applicable to the Callodine Funds are set forth in the organizational or offering documents of the Funds. CCM also serves as investment adviser for a separately managed account, which is owned by the Strategic Investor. CCM may advise other Funds and separately managed accounts in the future, some of which may be organized differently than the existing Callodine Funds and separately managed account. All Funds and separately managed accounts are managed pursuant to their governing documents and collectively referred to herein as the “Clients”. As of December 31, 2022, CCM’s assets under management were approximately $513,492,630, all of which are managed on a discretionary basis.