# EDGAR Filing Document

**Accession Number:** 0001741675
**File Stem:** 0001741675-26-000002
**Filing Date:** 2026-2
**Character Count:** 9251
**Document Hash:** b02e6748080a4ec14b59d4fbf57c3933
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001741675-26-000002.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001741675-26-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Callodine Capital Management, LP
- **CENTRAL INDEX KEY:** 0001741675

**ORGANIZATION NAME:**
- **EIN:** 815323008
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19408
- **FILM NUMBER:** 26633882

**BUSINESS ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **STREET 2:** SUITE 1830
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6178807480

**MAIL ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **STREET 2:** SUITE 1830
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Callodine Capital Management LP<br>**Address:** TWO INTERNATIONAL PLACE<br>SUITE 1830<br>BOSTON, MA 02110

**Form 13F File Number:** 028-19408

**CRD Number (if applicable):** 000297115

**SEC File Number (if applicable):** 801-113867

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jay Lyons<br>**Title:** COO<br>**Phone:** 617-880-7484

**Signature, Place, and Date of Signing:**

/s/Jay Lyons  Boston, MA  02-13-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 52

**Form 13F Information Table Value Total:** $1245095120

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGREE RLTY CORP | COM | 008492100 |  | 720300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 35360261 | 5749636 | SH |  | SOLE |  | 5438868 | 0 | 310768 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 27195454 | 471652 | SH |  | SOLE |  | 438952 | 0 | 32700 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 66694696 | 460726 | SH |  | SOLE |  | 427722 | 0 | 33004 |
| BAIN CAP SPECIALTY FIN INC | COM STK | 05684B107 |  | 1493225 | 107349 | SH |  | SOLE |  | 107349 | 0 | 0 |
| BARINGS BDC INC | COM | 06759L103 |  | 3273074 | 356544 | SH |  | SOLE |  | 356544 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 30789382 | 1611166 | SH |  | SOLE |  | 1519420 | 0 | 91746 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 |  | 1974750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 3729000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 75408186 | 5047402 | SH |  | SOLE |  | 4745780 | 0 | 301622 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 38522946 | 680377 | SH |  | SOLE |  | 634267 | 0 | 46110 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 54856974 | 226345 | SH |  | SOLE |  | 211060 | 0 | 15285 |
| CION INVT CORP | COM | 17259U204 |  | 5438292 | 562388 | SH |  | SOLE |  | 562388 | 0 | 0 |
| CRESCENT CAP BDC INC | COM | 225655109 |  | 1686000 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 26136650 | 1585000 | SH |  | SOLE |  | 1585000 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 6511000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| FOUR CORNERS PPTY TR INC | COM | 35086T109 |  | 30192043 | 1309282 | SH |  | SOLE |  | 1241478 | 0 | 67804 |
| GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 |  | 7336477 | 470287 | SH |  | SOLE |  | 470287 | 0 | 0 |
| GETTY IMAGES HOLDINGS INC | CL A COM | 374275105 |  | 670000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 44813052 | 578980 | SH |  | SOLE |  | 541603 | 0 | 37377 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 6106500 | 450000 | SH |  | SOLE |  | 450000 | 0 | 0 |
| GRAPHIC PACKAGING HLDG CO | COM | 388689101 |  | 15463247 | 1026776 | SH |  | SOLE |  | 962007 | 0 | 64769 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 49252196 | 1004327 | SH |  | SOLE |  | 948784 | 0 | 55543 |
| JACK IN THE BOX INC | COM | 466367109 |  | 32224551 | 1700504 | SH |  | SOLE |  | 1672504 | 0 | 28000 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 2529000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| KAYNE ANDERSON BDC INC | COM SHS | 48662X105 |  | 5728000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 42253722 | 2288934 | SH |  | SOLE |  | 2157503 | 0 | 131431 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 52033010 | 1611428 | SH |  | SOLE |  | 1513106 | 0 | 98322 |
| MIDCAP FINANCIAL INVSTMNT CO | COM NEW | 03761U502 |  | 5530188 | 483408 | SH |  | SOLE |  | 483408 | 0 | 0 |
| MILLROSE PPTYS INC | COM CL A | 601137102 |  | 10802396 | 361647 | SH |  | SOLE |  | 346416 | 0 | 15231 |
| NUVEEN CHURCHILL DIRECT LEND | COM SHS | 67090S108 |  | 7328582 | 549369 | SH |  | SOLE |  | 549369 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 6725430 | 124200 | SH |  | SOLE |  | 115220 | 0 | 8980 |
| OVINTIV INC | COM | 69047Q102 |  | 2206671 | 56307 | SH |  | SOLE |  | 0 | 0 | 56307 |
| OWENS CORNING NEW | COM | 690742101 |  | 25870011 | 231168 | SH |  | SOLE |  | 216113 | 0 | 15055 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 28265028 | 963690 | SH |  | SOLE |  | 907441 | 0 | 56249 |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 |  | 2694000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 10335600 | 540000 | SH |  | SOLE |  | 240000 | 0 | 300000 |
| REALTY INCOME CORP | COM | 756109104 |  | 31571879 | 560083 | SH |  | SOLE |  | 534083 | 0 | 26000 |
| SHELL PLC | SPON ADS | 780259305 |  | 8597160 | 117000 | SH |  | SOLE |  | 75000 | 0 | 42000 |
| SHUTTERSTOCK INC | COM | 825690100 |  | 19748693 | 1033963 | SH |  | SOLE |  | 961522 | 0 | 72441 |
| SIXTH STREET SPECIALTY LENDI | COM | 83012A109 |  | 23935266 | 1101992 | SH |  | SOLE |  | 1101992 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 8224594 | 169300 | SH |  | SOLE |  | 157060 | 0 | 12240 |
| SPECTRUM BRANDS HLDGS INC NE | COM | 84790A105 |  | 122012961 | 2065216 | SH |  | SOLE |  | 1940228 | 0 | 124988 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 20740657 | 237253 | SH |  | SOLE |  | 223545 | 0 | 13708 |
| SSGA ACTIVE ETF TR | STATE STREET BLA | 78467V608 |  | 2888900 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 708874 | 39360 | SH |  | SOLE |  | 39360 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 12316500 | 126000 | SH |  | SOLE |  | 116355 | 0 | 9645 |
| UDR INC | COM | 902653104 |  | 6969200 | 190000 | SH |  | SOLE |  | 181991 | 0 | 8009 |
| UGI CORP NEW | COM | 902681105 |  | 25279062 | 675369 | SH |  | SOLE |  | 635355 | 0 | 40014 |
| VIATRIS INC | COM | 92556V106 |  | 120525163 | 9680736 | SH |  | SOLE |  | 9093436 | 0 | 587300 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 9459800 | 101500 | SH |  | SOLE |  | 80505 | 0 | 20995 |
| WOLVERINE WORLD WIDE INC | COM | 978097103 |  | 63966517 | 3524326 | SH |  | SOLE |  | 3313984 | 0 | 210342 |

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