Redwood Capital Management, LLC
Redwood Capital Management, LLC, managed by Jonathan Kolatch, reported 24 positions worth $927.43M in its 2026 Q2 13F filing: 7 new and 4 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +169.4% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +7.9% | +11.4% |
| 2025 Q3 | +86.1% | +7.6% |
| 2025 Q4 | +23.4% | +3.1% |
| 2026 Q1 | -4.1% | -5.8% |
| 2026 Q2 | +13.4% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| VSAT | VIASAT INC | $197.91M | 21.30% | NEW |
| ECHO | ECHOSTAR CORP | $134.81M | 14.54% | -19.9% |
| GBTG | GLOBAL BUSINESS TRAVEL GROUP | $103.28M | 11.10% | -49.9% |
| MBC | MASTERBRAND INC | $101.07M | 10.90% | +663.7% |
| OPI | OFFICE PPTYS INCOME TR | $73.57M | 7.90% | NEW |
| AER | AERCAP HOLDINGS NV | $58.93M | 6.40% | NO CHANGE |
| TDS | TELEPHONE & DATA SYS INC | $47.20M | 5.10% | NO CHANGE |
| MOH | MOLINA HEALTHCARE INC | $45.74M | 4.90% | -35.5% |
| ELV | ELEVANCE HEALTH INC FORMERLY | $32.79M | 3.50% | NO CHANGE |
| KBR | KBR INC | $19.85M | 2.10% | NEW |
| FBIN | FORTUNE BRANDS INNOVATIONS I | $18.23M | 2.00% | NEW |
| CNC | CENTENE CORP DEL | $13.38M | 1.40% | NO CHANGE |
| CZR | CAESARS ENTERTAINMENT INC NE | $12.68M | 1.40% | NO CHANGE |
| UNH | UNITEDHEALTH GROUP INC | $11.43M | 1.20% | NO CHANGE |
| AERO | GRUPO AEROMEXICO SAB DE CV | $10.50M | 1.10% | +5.8% |
| SOC | SABLE OFFSHORE CORP | $9.24M | 1.00% | NEW |
| OPTU | OPTIMUM COMMUNICATIONS INC | $7.52M | 0.81% | -36.6% |
| AZUL | AZUL S A | $7.34M | 0.79% | NEW |
| CBL | CBL & ASSOC PPTYS INC | $6.24M | 0.67% | NO CHANGE |
| MSC | STUDIO CITY INTL HLDGS LTD | $5.93M | 0.64% | NO CHANGE |
| NCLH | NORWEGIAN CRUISE LINE HLDGS | $5.49M | 0.59% | NEW |
| MERC | MERCER INTL INC | $3.07M | 0.33% | NO CHANGE |
| EHTH | EHEALTH INC | $696.42K | 0.08% | NO CHANGE |
| APEI | AMERICAN PUB ED INC | $537.00K | 0.06% | NO CHANGE |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.