Institutional Manager · CIK 0001266227
STONEHILL CAPITAL MANAGEMENT LLC
NEW YORK, NY · File #028-15117
Latest AUM
$333,820
Positions
22
Top-10 Concentration
89.7%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | ELME COMMUNITIES REIT | ELME | +1,390,313 | +$24,192 | +$188 |
| REDUCE | JOYY INC ADR | JOYY | -276,483 | -$17,905 | +$8,487 |
| REDUCE | ECHOSTAR SR UNSEC CONV PIK 3.875 11/30/2030 | SATS | -4,000,000 | -$13,430 | +$9,812 |
| EXITED | TELEPHONE AND DATA SYSTEMS COMMON | 879433829 | -320,194 | -$12,564 | $0 |
| NEW | MANPOWERGROUP INC COMMON | MAN | +316,522 | +$9,410 | $0 |
| NEW | ROBERT HALF INC COMMON | RHI | +345,000 | +$9,370 | $0 |
| NEW | USA TODAY CO INC COMMON | TDAY | +1,490,059 | +$7,674 | $0 |
| NEW | SABRE CORP COMMON | SABR | +4,897,216 | +$6,660 | $0 |
| ADD | XUNLEI LTD ADR | XNET | +736,583 | +$5,223 | -$595 |
| REDUCE | ECHOSTAR CORP CL A COMMON | SATS | -25,326 | -$2,753 | +$27,709 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202522 pos · $333,820
- 13F HOLDINGS REPORTQ/E Sep 202515 pos · $280,430
- 13F HOLDINGS REPORTQ/E Jun 202514 pos · $228,234
- 13F HOLDINGS REPORTQ/E Mar 202512 pos · $327,983
- 13F HOLDINGS REPORTQ/E Dec 202410 pos · $236,396
- 13F HOLDINGS REPORTQ/E Sep 202411 pos · $166,872
- 13F HOLDINGS REPORTQ/E Jun 202410 pos · $133,702
- 13F HOLDINGS REPORTQ/E Mar 20246 pos · $44,552
- 13F HOLDINGS REPORTQ/E Dec 20239 pos · $63,161
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ECHOSTAR CORP CL A COMMON | SATS | 831,480 | $90,382 | 27.08% |
| 2 | JOYY INC ADR | JOYY | 1,103,571 | $71,467 | 21.41% |
| 3 | ELME COMMUNITIES REIT | ELME | 1,738,601 | $30,252 | 9.06% |
| 4 | ECHOSTAR SR UNSEC CONV PIK 3.875 11/30/2030 | SATS | 6,466,378 | $21,711 | 6.50% |
| 5 | LIBERTY BROADBAND CORP CL C COMMON | LBRDP | 433,513 | $21,069 | 6.31% |
| 6 | MASTERBRAND INC COMMON | MBC | 1,779,780 | $19,649 | 5.89% |
| 7 | ANYWHERE REAL ESTATE INC COMMON | 75605Y106 | 953,635 | $13,503 | 4.04% |
| 8 | AMERICAN WOODMARK CORP COMMON | AMWD | 232,301 | $12,521 | 3.75% |
| 9 | MANPOWERGROUP INC COMMON | MAN | 316,522 | $9,410 | 2.82% |
| 10 | ROBERT HALF INC COMMON | RHI | 345,000 | $9,370 | 2.81% |
| 11 | USA TODAY CO INC COMMON | TDAY | 1,490,059 | $7,674 | 2.30% |
| 12 | XUNLEI LTD ADR | XNET | 976,385 | $6,923 | 2.07% |
| 13 | SABRE CORP COMMON | SABR | 4,897,216 | $6,660 | 2.00% |
| 14 | LIBERTY BROADBAND CORP CL A COMMON | LBRDP | 78,011 | $3,766 | 1.13% |
| 15 | SWEETGREEN INC CL A COMMON | SG | 375,000 | $2,535 | 0.76% |
| 16 | CADIZ INC COMMON | CDZIP | 331,305 | $1,859 | 0.56% |
| 17 | DOUBLEDOWN INTERACTIVE CO LTD ADR | DDI | 190,605 | $1,645 | 0.49% |
| 18 | IRSA INVERSIONES SA WTS EXP 03/25/2026 | P5880C134 | 602,130 | $1,150 | 0.34% |
| 19 | OWENS & MINOR INC COMMON | 690732102 | 342,583 | $959 | 0.29% |
| 20 | NEW FORTRESS ENERGY INC COMMON | NFE | 465,191 | $530 | 0.16% |