Delek Shares Surge 60% but One Fund Walked Away From a $15 Million Position

The exit comes after a huge run for the stock, but there's more to it than timing alone.On November 13, Boston-based Callodine Capital Management disclosed a complete exit from Delek US Holdings (DK 0.87%), reflecting a $15.19 million position reduction.What HappenedAccording to a U.S. Securities and Exchange Commission (SEC) filing dated November 13, Callodine Capital Management, LP fully liquidated its position in Delek US Holdings (DK 0.87%) during the third quarter. The fund sold all 717,245 previously ...