STONEHILL CAPITAL MANAGEMENT LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$333.8M

Holdings

22

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (22 positions)

#StockSharesValue% PortfolioType
1
SATSECHOSTAR CORP CL A COMMON
831,480$90.4M27.08%
2
JOYYJOYY INC ADR
1,103,571$71.5M21.41%
3
ELMEELME COMMUNITIES REIT
1,738,601$30.3M9.06%
4
SATS 3.875 11/30/30ECHOSTAR SR UNSEC CONV PIK 3.875 11/30/2030
6,466,378$21.7M6.50%
5
LBRDKLIBERTY BROADBAND CORP CL C COMMON
433,513$21.1M6.31%
6
MBCMASTERBRAND INC COMMON
1,779,780$19.6M5.89%
7
HOUSANYWHERE REAL ESTATE INC COMMON
953,635$13.5M4.04%
8
AMWDAMERICAN WOODMARK CORP COMMON
232,301$12.5M3.75%
9
MANMANPOWERGROUP INC COMMON
316,522$9.4M2.82%
10
RHIROBERT HALF INC COMMON
345,000$9.4M2.81%
11
TDAYUSA TODAY CO INC COMMON
1,490,059$7.7M2.30%
12
XNETXUNLEI LTD ADR
976,385$6.9M2.07%
13
SABRSABRE CORP COMMON
4,897,216$6.7M2.00%
14
LBRDALIBERTY BROADBAND CORP CL A COMMON
78,011$3.8M1.13%
15
SGSWEETGREEN INC CL A COMMON
375,000$2.5M0.76%
16
CDZICADIZ INC COMMON
331,305$1.9M0.56%
17
DDIDOUBLEDOWN INTERACTIVE CO LTD ADR
190,605$1.6M0.49%
18
IRSIRSA INVERSIONES SA WTS EXP 03/25/2026
602,130$1.1M0.34%
19
ACHOWENS & MINOR INC COMMON
342,583$959K0.29%
20
NFENEW FORTRESS ENERGY INC COMMON
465,191$530K0.16%
21
SEATVIVID SEATS INC CL A COMMON
63,740$460K0.14%
22
NOTEFISCALNOTE HOLDINGS INC COMMON
221,050$325K0.10%