Callodine Capital Reduces Stake in Wolverine World Wide

Institutional investor cuts holding in textile maker by over 37%

Mar. 14, 2026 at 7:36am

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Callodine Capital Management LP has reduced its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 37.1% in the third quarter, according to a recent SEC filing. The institutional investor now owns 2,701,360 shares of the textile maker's stock, down from 4,297,586 shares previously.

Why it matters

Wolverine World Wide is a major footwear and apparel company with a diverse portfolio of brands like Merrell, Saucony, and Sperry. Callodine Capital's reduced stake could signal a shift in investor sentiment around the company's performance and outlook.

The details

According to the filing, Callodine Capital sold 1,596,226 shares of Wolverine World Wide in the third quarter. The firm now owns approximately 3.30% of the company, down from 5.25% previously. Wolverine World Wide's stock has seen volatility in recent quarters amid broader market conditions.

  • Callodine Capital reduced its stake in Wolverine World Wide in the third quarter of 2026.

The players

Callodine Capital Management LP

An institutional investment firm that has reduced its stake in Wolverine World Wide.

Wolverine World Wide, Inc.

A global footwear and apparel company that owns brands like Merrell, Saucony, and Sperry.

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The takeaway

Callodine Capital's reduced stake in Wolverine World Wide could signal broader uncertainty around the company's performance and outlook, though the textile maker remains a major player in the footwear and apparel industry.