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

Group 1 - Callodine Capital Management fully liquidated its position in Delek US Holdings, selling all 717,245 shares, which represented 1.57% of its assets, resulting in a position reduction valued at $15.19 million [2][7] - Delek US Holdings has seen its stock price increase by 60% over the past year, reaching $29.66, significantly outperforming the S&P 500, which rose about 16% in the same period [3][4] - The company reported a revenue of $10.67 billion and a net income loss of $514.90 million for the trailing twelve months (TTM) [4][10] Group 2 - Delek US Holdings operates as an integrated downstream energy company, involved in refining, logistics, and retail operations, supplying a variety of petroleum products across multiple channels [6][9] - The company generated revenue primarily through refining operations, logistics services, and retail fuel and merchandise sales, serving a diverse customer base including oil companies and the U.S. government [9][10] - Recent financial results showed a profit of $178 million in the last quarter, a significant improvement from a $76.8 million loss the previous year, largely due to a $280.8 million benefit from government exemptions [10][11]