# Callodine Capital Management

> Callodine Capital Management is an SEC-registered investment advisory firm in Boston, MA, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 15, 2026.

- CRD: 297115
- Filed as: CALLODINE CAPITAL MANAGEMENT
- Legal name: Callodine Capital Management, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: September 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/297115
- AdvisorCensus page: https://advisorcensus.com/firm/callodine-capital-management-boston-ma-297115

## Quick answers

**How is Callodine Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Callodine Capital Management reports these compensation arrangements: a percentage of assets under its management; other.

**Where is Callodine Capital Management located?**
Callodine Capital Management's principal office is in Boston, MA, according to its Form ADV.

**Is Callodine Capital Management registered with the SEC or a state?**
Callodine Capital Management is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 297115.

**How much does Callodine Capital Management manage?**
Callodine Capital Management reports $2,034,231,012 in regulatory assets under management in its Form ADV filing dated September 15, 2026 (100% discretionary).

**How have Callodine Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Callodine Capital Management: Regulatory assets under management: $353,814,062 in the October 2021 data and $2,034,231,012 in the October 2026 data, up 475%. Total employees: 11 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Callodine Capital Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10); investment companies (3); corporations or other businesses not listed above (2).

**Which custodians does Callodine Capital Management use?**
Callodine Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BofA Securities, Inc. and Jefferies LLC as custodians holding 10% or more of its separately managed account assets.

**Does Callodine Capital Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/297115

**What changed in Callodine Capital Management's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### Custodians (Schedule D, Section 5.K(3))
- BofA Securities, Inc.
- Jefferies LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,034,231,012
- Discretionary: $2,034,231,012
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 3 | $456,437,975 |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $1,515,057,003 |
| Corporations or other businesses not listed above | 2 | $62,736,034 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2018 (8 years)
- Employees: 19 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- callodine.com
- LinkedIn @CALLODINE-CAPITAL
- X @CallodineCap

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $353,814,062 | 11 | April 27, 2021 |
| October 2022 | $372,368,795 | 10 | March 31, 2022 |
| October 2023 | $513,492,630 | 13 | April 18, 2023 |
| October 2024 | $607,377,948 | 14 | June 10, 2024 |
| October 2025 | $787,291,950 | 18 | March 28, 2025 |
| October 2026 | $2,034,231,012 | 19 | September 15, 2026 |

Regulatory assets under management: $353,814,062 in the October 2021 data and $2,034,231,012 in the October 2026 data, up 475%.
Total employees: 11 in October 2021 and 19 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $787,291,950 to $2,034,231,012 (+158%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Callodine Capital Management (CRD 297115): Form ADV filing data as of October 2026.