Angelo Gordon & Co., L.P.: 13F holdings, Q4 2025
Hedge fund · SEC EDGAR filings (CIK 860662) · Explore on the interactive board
Angelo Gordon & Co., L.P. disclosed 46 US equity positions worth $1.1bn in its Q4 2025 13F filing (holdings as of December 31, 2025, filed February 17, 2026). Its largest position is ANYWHERE REAL ESTATE INC at 13.0% of the reported book, followed by NVRI, UGI CORP NEW. The top ten holdings are 55.4% of the book, and the portfolio behaves like about 21 equal-weight positions. Versus the prior filing it opened 14 new positions, added to 18, reduced 4 and exited 14. Note: this manager's most recent filing is 2 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Angelo Gordon & Co., L.P. own? Top holdings as of December 31, 2025
Change is measured in shares against the previous filing (Q3 2025), so price moves do not read as decisions. This quarter: 14 new, 18 added, 4 reduced, 14 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | ANYWHERE REAL ESTATE INC | 13.0% | $137.3m | 9,692,993 | 0% | held | |
| 2 | NVRI ENVIRI CORP | Industrials | 6.0% | $63.1m | 3,518,688 | 199% | added |
| 3 | UGI CORP NEW | 5.4% | $56.7m | 40,000,000 | 21% | added | |
| 4 | BOFA FIN LLC | 5.3% | $56.0m | 51,633,000 | 11% | added | |
| 5 | EVRG EVERGY INC | 5.2% | $54.8m | 45,000,000 | 12% | added | |
| 6 | BRUKER CORP | 4.6% | $48.3m | 133,000 | 166% | added | |
| 7 | NGL NGL ENERGY PARTNERS LP | 4.4% | $46.9m | 4,692,696 | 87% | added | |
| 8 | STARWOOD PPTY TR INC | 4.3% | $45.7m | 44,250,000 | 0% | held | |
| 9 | WEC ENERGY GROUP INC | 3.7% | $39.7m | 34,000,000 | 0% | held | |
| 10 | HEWLETT PACKARD ENTERPRISE C | 3.6% | $38.0m | 575,000 | 0% | held | |
| 11 | DUKE ENERGY CORP NEW | 3.5% | $37.1m | 36,000,000 | 125% | added | |
| 12 | NOVANTA INC | 3.4% | $36.0m | 661,667 | – | new | |
| 13 | ARES MANAGEMENT CORPORATION | 3.2% | $33.7m | 670,000 | 205% | added | |
| 14 | NX QUANEX BLDG PRODS CORP | Industrials | 3.0% | $31.6m | 2,054,770 | – | new |
| 15 | MARRIOTT VACATIONS WORLDWIDE | 2.8% | $29.4m | 31,000,000 | 0% | held | |
| 16 | PG&E CORP | 2.7% | $28.7m | 700,000 | 27% | added | |
| 17 | PPL CAP FDG INC | 2.6% | $28.0m | 25,500,000 | 240% | added | |
| 18 | PG&E CORP | 2.4% | $25.7m | 25,000,000 | -17% | reduced | |
| 19 | PINNACLE WEST CAP CORP | 2.4% | $25.1m | 23,500,000 | 27% | added | |
| 20 | MITT TPG MTG INVTS TR INC | 1.9% | $19.7m | 2,315,966 | 0% | held | |
| 21 | APOLLO GLOBAL MGMT INC | 1.8% | $18.8m | 250,000 | 67% | added | |
| 22 | BOX INC | 1.7% | $17.5m | 18,000,000 | 0% | held | |
| 23 | DAY DAYFORCE INC | 1.4% | $14.5m | 210,000 | – | new | |
| 24 | EXK EXACT SCIENCES CORP | Basic Materials | 1.3% | $14.2m | 140,000 | – | new |
| 25 | FYBR FRONTIER COMMUNICATIONS PARE | 1.3% | $13.3m | 350,000 | 147% | added | |
| 26 | CYBERARK SOFTWARE LTD | 1.1% | $12.0m | 27,000 | 136% | added | |
| 27 | HALO HALOZYME THERAPEUTICS INC | 1.0% | $10.8m | 10,000,000 | 100% | added | |
| 28 | CMS ENERGY CORP | 0.9% | $9.6m | 9,000,000 | – | new | |
| 29 | NSC NORFOLK SOUTHN CORP | Industrials | 0.8% | $8.8m | 30,505 | 526% | added |
| 30 | EA ELECTRONIC ARTS INC | Communication Services | 0.8% | $8.2m | 40,000 | – | new |
| 31 | WBD WARNER BROS DISCOVERY INC | Communication Services | 0.6% | $6.6m | 230,000 | – | new |
| 32 | HAEMONETICS CORP MASS | 0.6% | $5.9m | 6,000,000 | 0% | held | |
| 33 | SHIFT4 PMTS INC | 0.5% | $4.8m | 60,000 | 0% | held | |
| 34 | ETSY ETSY INC | 0.4% | $4.2m | 4,727,000 | -67% | reduced | |
| 35 | DEXCOM INC | 0.4% | $4.1m | 4,500,000 | 50% | added | |
| 36 | CHART INDS INC | 0.4% | $4.1m | 20,000 | 54% | added | |
| 37 | AIR LEASE CORP | 0.4% | $3.9m | 60,000 | – | new | |
| 38 | RNAGBP AVIDITY BIOSCIENCES INC | 0.3% | $3.2m | 45,000 | – | new | |
| 39 | 8QR CONFLUENT INC | 0.3% | $3.0m | 100,000 | – | new | |
| 40 | BILL BILL HOLDINGS INC | 0.3% | $2.8m | 3,000,000 | – | new | |
| 41 | TXNM TXNM ENERGY INC | Utilities | 0.3% | $2.6m | 45,000 | -55% | reduced |
| 42 | KVUE KENVUE INC | Consumer Defensive | 0.2% | $1.7m | 100,000 | – | new |
| 43 | AM6 AMICUS THERAPEUTICS INC | 0.1% | $1.4m | 100,000 | – | new | |
| 44 | CORZ CORE SCIENTIFIC INC NEW | Technology | 0.0% | $473.2k | 32,500 | – | new |
| 45 | ANYWHERE REAL ESTATE GROUP L | 0.0% | $428.1k | 427,000 | -98% | reduced | |
| 46 | PAYO PAYONEER GLOBAL INC | Technology | 0.0% | $377.4k | 83,946 | 0% | held |
What did Angelo Gordon & Co., L.P. sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| SOUTHERN CO | 25.2% | $36.7m |
| KKR & CO INC | 19.3% | $28.2m |
| AMERICAN WTR CAP CORP | 16.1% | $23.5m |
| VRNA VERONA PHARMA PLC | 10.6% | $15.5m |
| MARRIOTT VACATIONS WORLDWIDE | 6.7% | $9.8m |
| KEL KELLANOVA | 6.3% | $9.2m |
| DKS DICKS SPORTING GOODS INC | 5.9% | $8.6m |
| S9Q SPIRIT AEROSYSTEMS HLDGS INC | 5.3% | $7.7m |
| IPG INTERPUBLIC GROUP COS INC | 1.9% | $2.7m |
| INFA1EUR INFORMATICA INC | 1.0% | $1.5m |
| TGNA TEGNA INC | 0.9% | $1.3m |
| NABORS INDS INC | 0.4% | $570.0k |
| WW INTL INC | 0.2% | $338.4k |
| SU6 SURMODICS INC | 0.1% | $210.5k |
Discovery track record: where was Angelo Gordon & Co., L.P. early?
Stocks where Angelo Gordon & Co., L.P. was among the first 10% (or first 3) of the tracked managers observed opening a meaningful position, in stocks at least 20 managers were observed opening. Stock changes describe the stock, not the manager's return.
| Stock | First reported | Entry rank | Initial weight | Peak weight | Quarters held | Status | Stock since |
|---|---|---|---|---|---|---|---|
| EVRG EVERGY INC | Q4 2024 | 4 of 70 | 5.4% | 7.1% | 5 | Held at last filing, Q4 2025 | +18% to Q4 2025 |
| AKAM AKAMAI TECHNOLOGIES INC | Q4 2024 | 7 of 120 | 1.6% | 3.0% | 3 | Exited by Q3 2025 | -17% to Q2 2025 |
| NVRI ENVIRI CORP | Q2 2025 | 6 of 51 | 1.4% | 6.0% | 3 | Held at last filing, Q4 2025 | +106% to Q4 2025 |
Sector mix
| Sector | Weight |
|---|---|
| Industrials | 9.8% |
| Communication Services | 1.4% |
| Basic Materials | 1.3% |
| Utilities | 0.3% |
| Consumer Defensive | 0.2% |
| Technology | 0.1% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Angelo Gordon & Co., L.P.'s portfolio?
Across every quarter Angelo Gordon & Co., L.P. has filed, its median largest position is 10.7% of the book and its median top-ten weight is 57.2%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 72.0 completed holding spells, the median lasted 1.0 quarters; 46.0 positions are still open and their final length is unknown.