STONEHILL CAPITAL MANAGEMENT LLC Diversified Active

Location: New York, NY

CIK: 0001266227 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $334M

Holdings (22)

SATS ECHOSTAR CORP CL A COMMON 27.1%

Value $90.38M Shares 831,480 Est. Cost $25.62 Unrealized +217.9%

JOYY JOYY INC ADR 21.4%

Value $71.47M Shares 1,103,571 Est. Cost $29.86 Unrealized —

ELME ELME COMMUNITIES REIT 9.1%

Value $30.25M Shares 1,738,601 Est. Cost $17.29 Unrealized —

— ECHOSTAR SR UNSEC CONV PIK 3.875 11/30/2030 6.5%

Value $21.71M Shares 6,466,378 Est. Cost $1.71 Unrealized —

LBRDK LIBERTY BROADBAND CORP CL C COMMON 6.3%

Value $21.07M Shares 433,513 Est. Cost $59.31 Unrealized -12.3%

MBC MASTERBRAND INC COMMON 5.9%

Value $19.65M Shares 1,779,780 Est. Cost $12.05 Unrealized -2.9%

— ANYWHERE REAL ESTATE INC COMMON 4.0%

Value $13.5M Shares 953,635 Est. Cost $3.33 Unrealized —

AMWD AMERICAN WOODMARK CORP COMMON 3.8%

Value $12.52M Shares 232,301 Est. Cost $60.95 Unrealized -3.9%

MAN MANPOWERGROUP INC COMMON 2.8%

Value $9.41M Shares 316,522 Est. Cost $31.24 Unrealized 0.0%

RHI ROBERT HALF INC COMMON 2.8%

Value $9.37M Shares 345,000 Est. Cost $28.54 Unrealized 0.0%

TDAY USA TODAY CO INC COMMON 2.3%

Value $7.674M Shares 1,490,059 Est. Cost $4.70 Unrealized 0.0%

XNET XUNLEI LTD ADR 2.1%

Value $6.923M Shares 976,385 Est. Cost $7.70 Unrealized —

SABR SABRE CORP COMMON 2.0%

Value $6.66M Shares 4,897,216 Est. Cost $1.72 Unrealized 0.0%

LBRDA LIBERTY BROADBAND CORP CL A COMMON 1.1%

Value $3.766M Shares 78,011 Est. Cost $61.35 Unrealized -15.6%

SG SWEETGREEN INC CL A COMMON 0.8%

Value $2.535M Shares 375,000 Est. Cost $6.87 Unrealized 0.0%

CDZI CADIZ INC COMMON 0.6%

Value $1.859M Shares 331,305 Est. Cost $5.37 Unrealized 0.0%

DDI DOUBLEDOWN INTERACTIVE CO LTD ADR 0.5%

Value $1.645M Shares 190,605 Est. Cost $9.50 Unrealized —

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

Value $1.15M Shares 602,130 Est. Cost $0.19 Unrealized —

ACH OWENS & MINOR INC COMMON 0.3%

Value $959K Shares 342,583 Est. Cost $3.57 Unrealized 0.0%

NFE NEW FORTRESS ENERGY INC COMMON 0.2%

Value $530K Shares 465,191 Est. Cost $2.82 Unrealized -47.7%

SEAT VIVID SEATS INC CL A COMMON 0.1%

Value $460K Shares 63,740 Est. Cost $9.83 Unrealized 0.0%

NOTE FISCALNOTE HOLDINGS INC COMMON 0.1%

Value $325K Shares 221,050 Est. Cost $3.50 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SATS	ECHOSTAR CORP CL A COMMON	831,480	$90.38M	27.1%	$25.62	+217.9%	—	278768106
JOYY	JOYY INC ADR	1,103,571	$71.47M	21.4%	$29.86	—	—	46591M109
ELME	ELME COMMUNITIES REIT	1,738,601	$30.25M	9.1%	$17.29	—	—	939653101
—	ECHOSTAR SR UNSEC CONV PIK 3.875 11/30/2030	6,466,378	$21.71M	6.5%	$1.71	—	—	278768AB2
LBRDK	LIBERTY BROADBAND CORP CL C COMMON	433,513	$21.07M	6.3%	$59.31	-12.3%	—	530307305
MBC	MASTERBRAND INC COMMON	1,779,780	$19.65M	5.9%	$12.05	-2.9%	—	57638P104
—	ANYWHERE REAL ESTATE INC COMMON	953,635	$13.5M	4.0%	$3.33	—	—	75605Y106
AMWD	AMERICAN WOODMARK CORP COMMON	232,301	$12.52M	3.8%	$60.95	-3.9%	—	030506109
MAN	MANPOWERGROUP INC COMMON	316,522	$9.41M	2.8%	$31.24	0.0%	—	56418H100
RHI	ROBERT HALF INC COMMON	345,000	$9.37M	2.8%	$28.54	0.0%	—	770323103
TDAY	USA TODAY CO INC COMMON	1,490,059	$7.674M	2.3%	$4.70	0.0%	—	36472T109
XNET	XUNLEI LTD ADR	976,385	$6.923M	2.1%	$7.70	—	—	98419E108
SABR	SABRE CORP COMMON	4,897,216	$6.66M	2.0%	$1.72	0.0%	—	78573M104
LBRDA	LIBERTY BROADBAND CORP CL A COMMON	78,011	$3.766M	1.1%	$61.35	-15.6%	—	530307107
SG	SWEETGREEN INC CL A COMMON	375,000	$2.535M	0.8%	$6.87	0.0%	—	87043Q108
CDZI	CADIZ INC COMMON	331,305	$1.859M	0.6%	$5.37	0.0%	—	127537207
DDI	DOUBLEDOWN INTERACTIVE CO LTD ADR	190,605	$1.645M	0.5%	$9.50	—	—	25862B109
IRS/WS	IRSA INVERSIONES SA WTS EXP 03/25/2026	602,130	$1.15M	0.3%	$0.19	—	—	P5880C134
ACH	OWENS & MINOR INC COMMON	342,583	$959K	0.3%	$3.57	0.0%	—	690732102
NFE	NEW FORTRESS ENERGY INC COMMON	465,191	$530K	0.2%	$2.82	-47.7%	—	644393100
SEAT	VIVID SEATS INC CL A COMMON	63,740	$460K	0.1%	$9.83	0.0%	—	92854T209
NOTE	FISCALNOTE HOLDINGS INC COMMON	221,050	$325K	0.1%	$3.50	—	—	337655302