STONEHILL CAPITAL MANAGEMENT LLC Diversified Active

Location: New York, NY

CIK: 0001266227 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $280M

Holdings (15)

JOYY JOYY INC ADR 28.8%

Value $80.89M Shares 1,380,054 Est. Cost $29.86 Unrealized —

SATS ECHOSTAR CORP CL A COMMON 23.3%

Value $65.43M Shares 856,806 Est. Cost $25.62 Unrealized +76.8%

LBRDK LIBERTY BROADBAND CORP CL C COMMON 9.8%

Value $27.55M Shares 433,513 Est. Cost $59.31 Unrealized +16.4%

MBC MASTERBRAND INC COMMON 9.2%

Value $25.74M Shares 1,954,780 Est. Cost $12.05 Unrealized +2.6%

— ECHOSTAR SR UNSEC CONV PIK 3.875 11/30/2030 9.0%

Value $25.33M Shares 10,466,378 Est. Cost $1.71 Unrealized —

AMWD AMERICAN WOODMARK CORP COMMON 5.6%

Value $15.56M Shares 233,139 Est. Cost $60.95 Unrealized +0.7%

TDS TELEPHONE AND DATA SYSTEMS COMMON 4.5%

Value $12.56M Shares 320,194 Est. Cost $36.49 Unrealized +5.5%

— ANYWHERE REAL ESTATE INC COMMON 3.6%

Value $10.1M Shares 953,635 Est. Cost $3.33 Unrealized —

ELME ELME COMMUNITIES REIT 2.1%

Value $5.872M Shares 348,288 Est. Cost $16.86 Unrealized —

LBRDA LIBERTY BROADBAND CORP CL A COMMON 1.8%

Value $4.94M Shares 78,011 Est. Cost $61.35 Unrealized +12.0%

XNET XUNLEI LTD ADR 0.8%

Value $2.295M Shares 239,802 Est. Cost $9.57 Unrealized —

DDI DOUBLEDOWN INTERACTIVE CO LTD ADR 0.6%

Value $1.78M Shares 190,605 Est. Cost $9.50 Unrealized —

NFE NEW FORTRESS ENERGY INC COMMON 0.4%

Value $1.008M Shares 455,939 Est. Cost $2.85 Unrealized 0.0%

IRS/WS IRSA INVERSIONES SA WTS EXP 03/25/2026 0.3%

Value $723K Shares 602,130 Est. Cost $0.19 Unrealized —

NOTE FISCALNOTE HOLDINGS INC COMMON 0.2%

Value $656K Shares 141,751 Est. Cost $4.63 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JOYY	JOYY INC ADR	1,380,054	$80.89M	28.8%	$29.86	—	—	46591M109
SATS	ECHOSTAR CORP CL A COMMON	856,806	$65.43M	23.3%	$25.62	+76.8%	—	278768106
LBRDK	LIBERTY BROADBAND CORP CL C COMMON	433,513	$27.55M	9.8%	$59.31	+16.4%	—	530307305
MBC	MASTERBRAND INC COMMON	1,954,780	$25.74M	9.2%	$12.05	+2.6%	—	57638P104
—	ECHOSTAR SR UNSEC CONV PIK 3.875 11/30/2030	10,466,378	$25.33M	9.0%	$1.71	—	—	278768AB2
AMWD	AMERICAN WOODMARK CORP COMMON	233,139	$15.56M	5.6%	$60.95	+0.7%	—	030506109
TDS	TELEPHONE AND DATA SYSTEMS COMMON	320,194	$12.56M	4.5%	$36.49	+5.5%	—	879433829
—	ANYWHERE REAL ESTATE INC COMMON	953,635	$10.1M	3.6%	$3.33	—	—	75605Y106
ELME	ELME COMMUNITIES REIT	348,288	$5.872M	2.1%	$16.86	—	—	939653101
LBRDA	LIBERTY BROADBAND CORP CL A COMMON	78,011	$4.94M	1.8%	$61.35	+12.0%	—	530307107
XNET	XUNLEI LTD ADR	239,802	$2.295M	0.8%	$9.57	—	—	98419E108
DDI	DOUBLEDOWN INTERACTIVE CO LTD ADR	190,605	$1.78M	0.6%	$9.50	—	—	25862B109
NFE	NEW FORTRESS ENERGY INC COMMON	455,939	$1.008M	0.4%	$2.85	0.0%	—	644393100
IRS/WS	IRSA INVERSIONES SA WTS EXP 03/25/2026	602,130	$723K	0.3%	$0.19	—	—	P5880C134
NOTE	FISCALNOTE HOLDINGS INC COMMON	141,751	$656K	0.2%	$4.63	—	—	337655302