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ANGELO GORDON & CO., L.P.

Filed a 13F-NT notice for 2026-03-31: this manager's Section 13(f) holdings are reported by another manager, so it no longer files its own holdings. Figures shown are from its last 13F-HR.

Institutional InvestorSimilar funds →SEC EDGAR: CIK 860662
Institutional-grade research for retail investors

Sector Allocation

  • Utilities29.1%$307.9M
  • Other27.9%$295.5M
  • Industrials9.7%$102.5M
  • Technology7.5%$79.5M
  • Healthcare7.0%$73.8M
  • Financials5.0%$53.0M
  • Energy4.4%$46.9M
  • Materials4.3%$45.8M
  • Real Estate4.3%$45.7M
  • Communication Services0.6%$6.6M

AUM History

13fpro.ai/research/fund/angelo-gordon-and-co-l-p-860662

Largest positions — Q4 2025

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/angelo-gordon-and-co-l-p-860662

ANGELO GORDON & CO., L.P. 13F holdings — Q4 2025

$1.1B portfolio (+29.6% QoQ) · 61 holdings · Q4 2025 13F · top 10 are 55% of the stock portfolio

Includes $286K of put/call options ($0 puts, $286K calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $1.1B. Weights use the stock portfolio.

All holdings — ANGELO GORDON & CO., L.P. (Q4 2025)

61 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
DUK$DUKDuke Energy CORPnote$37.1M+125%
NOVT$NOVTNOVANTA INClp unit$36.0MNew
ARES$ARESAres Management Corpnote$33.7M+205%
NX$NXQuanex Building Products CORP$31.6MNew
— MARRIOTT VACATIONS WORLDWIDE - NOTE 3.250%12/1note$29.4M—
PCG$PCGPG&E Corppreferred$28.7M+27%
PPL$PPLPPL Corpnote$28.0M+240%
PCG$PCGPG&E Corpnote$25.7M-17%
PNW$PNWPINNACLE WEST CAPITAL CORPnote$25.1M+27%
— TPG MTG INVTS TR INC - COM NEW$19.7M—
APO$APOApollo Global Management, Inc.$18.8M+67%
BOX$BOXBOX INCnote$17.5M—
— DAYFORCE INC - COM$14.5MNew
EXK$EXKENDEAVOUR SILVER CORP$14.2MNew
ULCC$ULCCFrontier Group Holdings, Inc.$13.3M+147%

What changed in Q4 2025

Against the previous quarter's 13F: 14 new, 18 added to, 4 trimmed, 16 sold out. Share-count changes; largest moves by dollar size first.

New positions (14)

  • NOVT$NOVTNOVANTA INC$36.0M

    first bought this quarter

  • NX$NXQuanex Building Products CORP$31.6M

    first bought this quarter

  • DAYFORCE INC - COM$14.5M

    first bought this quarter

  • EXK$EXKENDEAVOUR SILVER CORP$14.2M

    first bought this quarter

  • CMS$CMSCMS ENERGY CORP$9.6M

    first bought this quarter

  • EA$EAELECTRONIC ARTS INC.$8.2M

    first bought this quarter

+8 more in the Excel export

Added to (18)

  • NVRI.R45876$NVRI.R45876ENVIRI Corp+199%

    now $63.1M · held 3 qtrs

  • BRKR$BRKRBRUKER CORP+166%

    now $48.3M · held 2 qtrs, 2 adds in a row

  • ARES$ARESAres Management Corp+205%

    now $33.7M · held 5+ qtrs

  • NGL$NGLNGL Energy Partners LP+87%

    now $46.9M · held 3 qtrs, 3 adds in a row

  • DUK$DUKDuke Energy CORP+125%

    now $37.1M · held 5+ qtrs

  • PPL$PPLPPL Corp+240%

    now $28.0M · held 5+ qtrs

+12 more in the Excel export

Trimmed (4)

  • ANYWHERE REAL ESTATE GROUP L - NOTE 0.250% 6/1-98%

    now $428K

  • ETSY$ETSYETSY INC-67%

    now $4.2M · held 5+ qtrs

  • TXNM$TXNMTXNM ENERGY INC-55%

    now $2.6M · held 2 qtrs

+1 more in the Excel export

Sold out (16)

  • SO$SOSOUTHERN COwas $36.7M

    held 2 qtrs

  • KKR$KKRKKR & Co. Inc.was $28.2M

    held 3 qtrs

  • AMERICAN WTR CAP CORPwas $23.5M
  • VERONA PHARMA PLCwas $15.5M
  • MARRIOTT VACATIONS WORLDWIDEwas $9.8M
  • KELLANOVAwas $9.2M

+10 more in the Excel export

Firm AUM (Form ADV): $115.9B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F ANGELO GORDON & CO., L.P. has filed, 35 earlier quarters. Pick one to see what it held then.

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Is it too late to follow ANGELO GORDON & , L.P.?

Q4 2025 13F filed with the SEC on Feb 17, 2026. Prices are closing prices as of Oct 27, 2026.

Average quality of ANGELO GORDON & , L.P.'s top 20 holdings: 51/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)

Top 10 since filing

+4.4%

Value-weighted move of the 10 largest stock positions

Turnover

20%

Last quarter; 74% over the last 4

Top 10 weight

55%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

36%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

ANGELO GORDON & CO., L.P. disclosed 61 positions worth $1.1B in its Form 13F-HR for Q4 2025 — $1.1B in common stock plus $286,285 of put/call option positions (reported at underlying notional value, not premium at risk), followed by $NVRI.R45876 and $UGI. During the quarter the fund opened 14 new positions and exited 16 — including a new stake in $NOVT and a full exit from $SO. The portfolio is most concentrated in Utilities (29.1% of disclosed assets). All figures are sourced directly from ANGELO GORDON & CO., L.P.’s Form 13F-HR filing with the SEC under CIK 860662.

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AI-Powered Hedge Fund Analysis: ANGELO GORDON & CO., L.P.

13F Pro is an AI hedge fund tracker and stock research platform. For ANGELO GORDON & CO., L.P. (SEC CIK: 860662), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in ANGELO GORDON & CO., L.P.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.