In 2018, James Morrow founded Callodine Capital Management in Boston. At Fidelity Investments, Morrow managed $40 billion in assets for 19 years. Morrow graduated from the University of Chicago with a degree in finance before obtaining his MBA. He is currently employed by Callodine Capital Management as a director. At the conclusion of the first quarter of 2022, Callodine Capital Management’s portfolio had a value of $311.48 million, up from $257.99 million in the fourth quarter of 2021. The hedge fund’s most prominent holdings in Q1 2022 were T-Mobile US, Inc. and Merck & Co. Additionally, the fund manager held a sizeable interest in KKR & Co. Inc. On May 19, Deutsche Bank analyst Brian Bedell maintained a Buy recommendation on KKR but lowered his price objective from $81 to $79 for the stock.
Here is Insider Monkey’s list of top 10 stock picks of James Morrow’s Callodine Capital Management. Investment company Barings BDC, Inc. is publicly traded and externally controlled. The business declared a quarterly dividend of $0.24 per share. With its corporate headquarters in Irving, Texas, Vistra Corp. is a Fortune 275 integrated power production and retail firm. In the first quarter of 2022, 40 of the 912 hedge funds had interests in Vistra Inc. worth $1.64 billion. Self-advised real estate investment trust Medical Properties Trust, Inc. invests in, acquires, and builds net-leased healthcare facilities. As of Q1 2022, Cardinal Capital was the largest stakeholder with around 5.14 million shares valued at $108.75 million. In the first quarter, Callodine Capital Management boosted its stake in Altria Group, Inc. by 86%. The company was described by Jain as a “melting ice crystal.” The first quarter saw an 86 percent growth in Callodine Capital Management’s stake in Altria Group, Inc. Jain described the company as a “melting ice crystal.” For more details, click the Top 10 Stock Picks Of James Morrow’s Callodine Capital Management.
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