STONEHILL CAPITAL MANAGEMENT LLC

CIK

1266227

Location

NEW YORK, NY

Portfolio Value

Small $196,295,809

Diversification

Highly concentrated

Filing Date

Global Rank

#4,241 / 8,622 ▼ 582 · as of Mar 2026

Top Industry

Telecom Services 49.6%

3Y Alpha vs SPY

+12.5%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of STONEHILL CAPITAL MANAGEMENT LLC's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 89% that is ordinary stock — as little as 30% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+136.8%

SPY

+67.9%

Annualised alpha

+14.4%

Max drawdown

−26.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 89% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

14 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

49.6%

+16.9 pts

Top 5

80.5%

−0.7 pts

Top 10

98.8%

+3.1 pts

HHI

2,790

Highly concentrated+815

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Communication Services	63.0%	$123,725,326	5
Industrials	13.3%	$26,191,209	2
Consumer Cyclical	10.4%	$20,510,241	2
Healthcare	5.9%	$11,585,452	1
Utilities	4.9%	$9,551,963	1
Real Estate	2.2%	$4,266,202	2
Energy	0.2%	$465,416	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
CDZI	Cadiz Inc	+1,614,105	1,945,410	$9,551,963
TDAY	USA TODAY Co., Inc.	+1,491,496	2,981,555	$21,019,962
NFE	New Fortress Energy Inc.	+323,651	788,842	$465,416
ELME	Elme Communities	+299,645	2,038,246	$4,096,874
MAN	ManpowerGroup Inc.	+222,640	539,162	$15,883,712
RHI	Robert Half Inc.	+60,807	405,807	$10,307,497
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
MBC	MasterBrand, Inc.	−323,140	1,456,640	$12,104,678
SEAT	Vivid Seats Inc.	−37,002	26,738	$158,021
AMWD	American Woodmark Corp	−21,265	211,036	$8,405,563
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
HOLX	HOLOGIC INC	153,267	$11,585,452
MOMO	Hello Group Inc.	624,196	$3,595,368
SVC	Service Properties Trust	124,966	$169,328
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
JOYY	JOYY Inc.	1,103,571	$71,467,257
XNET	Xunlei Ltd	976,385	$6,922,569
SABR	Sabre Corp	4,897,216	$6,660,213
LBRDA	Liberty Broadband Corp	78,011	$3,766,371
SG	Sweetgreen, Inc.	375,000	$2,535,000
ACH	Accendra Health Inc/Va/	342,583	$959,232
NOTE	FiscalNote Holdings, Inc.	221,050	$324,943
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

14 tracked positions · $196,295,809 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Energy Healthcare Industrials Real Estate Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ECHO	EchoStar CORP Communication Services	Held	831,480	0	$97,341,363	+7.7%	49.59%
TDAY	USA TODAY Co., Inc. Communication Services	Added	2,981,555	+1,491,496	$21,019,962	+173.9%	10.71%
MAN	ManpowerGroup Inc. Industrials	Added	539,162	+222,640	$15,883,712	+68.8%	8.09%
MBC	MasterBrand, Inc. Consumer Cyclical	Reduced	1,456,640	-323,140	$12,104,678	−38.4%	6.17%
HOLX	HOLOGIC INC Healthcare	NEW	153,267	NEW	$11,585,452	NEW	5.90%
RHI	Robert Half Inc. Industrials	Added	405,807	+60,807	$10,307,497	+10.0%	5.25%
CDZI	Cadiz Inc Utilities	Added	1,945,410	+1,614,105	$9,551,963	+413.9%	4.87%
AMWD	American Woodmark Corp Consumer Cyclical	Reduced	211,036	-21,265	$8,405,563	−32.9%	4.28%
ELME	Elme Communities Real Estate	Added	2,038,246	+299,645	$4,096,874	−86.5%	2.09%
MOMO	Hello Group Inc. Communication Services	NEW	624,196	NEW	$3,595,368	NEW	1.83%
DDI	DoubleDown Interactive Co., Ltd. Communication Services	Held	190,605	0	$1,610,612	−2.1%	0.82%
NFE	New Fortress Energy Inc. Energy	Added	788,842	+323,651	$465,416	−12.2%	0.24%
SVC	Service Properties Trust Real Estate	NEW	124,966	NEW	$169,328	NEW	0.09%
SEAT	Vivid Seats Inc. Communication Services	Reduced	26,738	-37,002	$158,021	−65.6%	0.08%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.