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Callodine Capital Management, LP and James S. Morrow report a passive ownership position in Spectrum Brands Holdings, Inc. They report beneficial ownership of 1,738,825 shares of common stock, representing 7.56% of the outstanding class, with all voting and dispositive power held on a shared basis.
The stake size is based on 22,995,596 Spectrum Brands common shares outstanding as of June 12, 2026, as referenced from the company’s proxy statement. The shares are held for investment advisory clients of Callodine, and each reporting person disclaims beneficial ownership beyond its or his pecuniary interest.
Key Figures
Beneficially owned shares:1,738,825 sharesPercent of class:7.56%Shares outstanding:22,995,596 shares+2 more
5 metrics
Beneficially owned shares1,738,825 sharesShares of Spectrum Brands common stock reported by Callodine and James S. Morrow
Percent of class7.56%Ownership percentage of Spectrum Brands common stock
Shares outstanding22,995,596 sharesSpectrum Brands common shares outstanding as of June 12, 2026
Shared voting power1,738,825 sharesShares over which the reporting persons share voting power
Shared dispositive power1,738,825 sharesShares over which the reporting persons share dispositive power
"Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting powerfinancial
"Shared Voting Power 1,738,825.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 1,738,825.00"
Schedule 13G/Aregulatory
"Percentages reported herein with respect to the Reporting Persons' holdings on Schedule 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Spectrum Brands (SPB) does Callodine Capital Management report owning?
Callodine Capital Management and James S. Morrow report beneficial ownership of 7.56% of Spectrum Brands’ common stock. This corresponds to 1,738,825 shares, based on 22,995,596 shares outstanding as of June 12, 2026.
How many Spectrum Brands (SPB) shares are reported as beneficially owned?
The reporting persons disclose beneficial ownership of 1,738,825 shares of Spectrum Brands common stock. This position is calculated as 7.56% of the class, using 22,995,596 shares outstanding as the reference base.
Who are the reporting persons in this Spectrum Brands (SPB) Schedule 13G/A?
The Schedule 13G/A is filed by Callodine Capital Management, LP and James S. Morrow. Mr. Morrow is the managing member of the general partner of Callodine, and both report the same 1,738,825-share position.
Do Callodine and James S. Morrow have sole or shared voting power over SPB shares?
They report 0 shares with sole voting power and 1,738,825 shares with shared voting power. They also report the same split for dispositive power: no sole authority and full authority shared over the 1,738,825 shares.
On what share count is the 7.56% Spectrum Brands (SPB) ownership based?
The 7.56% beneficial ownership figure is based on 22,995,596 Spectrum Brands common shares outstanding. This share count is taken from Spectrum Brands’ proxy statement stating shares outstanding as of June 12, 2026.
How are the Spectrum Brands (SPB) shares held for Callodine’s reported position?
The 1,738,825 Spectrum Brands shares are held for the benefit of investment advisory clients of Callodine. Each reporting person disclaims beneficial ownership of these shares except to the extent of its or his pecuniary interest.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Spectrum Brands Holdings, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
84790A105
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
84790A105
1
Names of Reporting Persons
Callodine Capital Management, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,738,825.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,738,825.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,738,825.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.56 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
84790A105
1
Names of Reporting Persons
James S. Morrow
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,738,825.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,738,825.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,738,825.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.56 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Spectrum Brands Holdings, Inc.
(b)
Address of issuer's principal executive offices:
3001 DEMING WAY, MIDDLETON, Wisconsin, 53562
Item 2.
(a)
Name of person filing:
Callodine Capital Management, LP
James S. Morrow
Shares reported herein for Callodine Capital Management, LP ("Callodine") represent shares held for the benefit of investment advisory clients of Callodine. Shares reported herein for Mr. Morrow represent the above referenced shares reported for Callodine. Mr. Morrow is the managing member of the general partner of Callodine. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
(b)
Address or principal business office or, if none, residence:
Callodine Capital Management, LP
James S. Morrow
c/o Callodine Capital Management, LP
Two International Place, Suite 1830
Boston, MA 02110
(c)
Citizenship:
Callodine Capital Management, LP - Delaware
James S. Morrow - United States
(d)
Title of class of securities:
Common Stock, $0.01 par value
(e)
CUSIP No.:
84790A105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,738,825
(b)
Percent of class:
7.56%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,738,825
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1,738,825
The percentages reported herein with respect to the Reporting Persons' holdings are calculated based upon a statement in the Issuer's proxy statement filed with the Securities and Exchange Commission on June 26, 2026, that there were 22,995,596 shares of Common Stock, par value $0.01 per share, of the Issuer outstanding as of June 12, 2026.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Callodine Capital Management, LP
Signature:
By: Callodine Capital Management, LLC, Its General Partner, By: James S. Morrow, Managing Member
Name/Title:
/s/ James S. Morrow, Managing Member
Date:
08/14/2026
James S. Morrow
Signature:
/s/ James S. Morrow
Name/Title:
James S. Morrow
Date:
08/14/2026
Exhibit Information
Exhibit 99.1 - Joint Filing Statement, incorporated by reference to Exhibit 99.1 to the Schedule 13G filed on August 14, 2025 by the Reporting Persons with respect to the Issuer.
