STONEHILL CAPITAL MANAGEMENT LLC

NEW YORK, NY · CIK 1266227 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$4.3bn
Staff23 · 13 in investment roles
Main clients (by assets)Private funds 100%
Private funds2 (2 hedge) · $4.3bn gross assets
Form ADV · 2026-03-25SEC adviser record

Legal entitySTONEHILL CAPITAL MANAGEMENT LLC (US)

$350.1m reported value +77.5% vs Q1 2026

15positions

97.3%in top 10

6 new 5 added 3 reduced 6 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ECHOSTAR CORP CL A ECHO	ECHO	1,992,095	$202.2m57.75%	57.75%	Added +1.2m	+1,160,615 139.6%
2	MASTERBRAND INC COMMON STOCK MBC	MBC	2,662,946	$27.4m7.83%	7.83%	Added +1.2m	+1,206,306 82.8%
3	GANNETT CO INC COM TDAY	TDAY	2,981,555	$25.5m7.28%	7.28%	Unchanged
4	SERVICE PPTYS TR COM SH BEN INT COM SH BEN INT		14,138,345	$23.9m6.82%	6.82%	Added +14.0m	+14,013,379 11213.8%
5	FORTUNE BRANDS INNOVATIONS I COM FBIN	FBIN	350,000	$19.2m5.49%	5.49%	New
6	ROBERT HALF INC. COM RHI	RHI	363,307	$11.2m3.19%	3.19%	Reduced -42.5k	-42,500 -10.5%
7	MANPOWERGROUP INC WIS COM MAN	MAN	299,945	$10.1m2.89%	2.89%	Reduced -239.2k	-239,217 -44.4%
8	CADIZ INC COM NEW CDZI	CDZI	2,125,937	$8.9m2.54%	2.54%	Added +180.5k	+180,527 9.3%
9	DOUBLEDOWN INTERACTIVE CO LT ADS DDI	DDI	677,132	$7.8m2.22%	2.22%	Added +486.5k	+486,527 255.2%
10	HERTZ GLOBAL HLDGS INC COM NEW HTZ	HTZ	1,950,000	$4.4m1.26%	1.26%	New
11	VIASAT INC COM VSAT	VSAT	31,477	$2.8m0.81%	0.81%	New
12	ELME COMMUNITIES SH BEN INT ELME	ELME	1,823,835	$2.7m0.77%	0.77%	Reduced -214.4k	-214,411 -10.5%
13	ZIFF DAVIS INC COM ZD	ZD	50,000	$2.6m0.75%	0.75%	New
14	IRSA INVERSIONES Y REP S A SPON GDS ECH 10 IRS	IRS	80,673	$1.2m0.36%	0.36%	New
15	ZIPRECRUITER INC CL A ZIP	ZIP	51,630	$194.0k0.06%	0.06%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HOLOGIC INC HOLX	HOLX	153,267	$11.6m153.3k shares
AMERICAN WOODMARK CORPORATIO AMWD	AMWD	211,036	$8.4m211.0k shares
HELLO GROUP INC MOMO	MOMO	624,196	$3.6m624.2k shares
IRSA INVERSIONES Y REP S A		602,130	$981.0k602.1k shares
NEW FORTRESS ENERGY INC		788,842	$465.0k788.8k shares
VIVID SEATS INC SEAT	SEAT	26,738	$158.0k26.7k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
VERADIGM INC MDRX · 13D · filed 2025-03-18	MDRX	19.6%	no change	13D	2025-03-18
PACIFIC GAS AND 6 PERCENT PFDPFD PCG 6 PERP A · 13G · filed 2025-11-14	PCG 6 PERP A	7.9%		13G	2025-11-14