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Jonathan Kolatch Redwood Capital Management
AUM
$927M
Turnover
37.93%
1-Year Est. Return
153.64%
Jonathan Kolatch is associated with Redwood Capital Management, a firm active in credit and special-situation investing. Redwood’s approach typically emphasizes complex capital structures, event-driven opportunities, and rigorous credit analysis. The firm’s activity is followed by investors who track credit-oriented alternative managers.
This Fund
S&P 500
This Quarter Est. Return
-1.06%
1 Year Est. Return
+153.64%
3 Year Est. Return
+312.54%
5 Year Est. Return
+223.92%
10 Year Est. Return
+552.34%
AUM
$878M
AUM Growth
+$24.9M
(+2.9%)
Cap. Flow
+$37.1M
Cap. Flow % of AUM
Cap. Flow %
4.23%
Top 10 Holdings %
Top 10 Hldgs %
51.11%
Holding
53
New
9
Increased
5
Reduced
7
Closed
4
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.6
years
Top 20 Avg Time Held
Equity + Options
0.6
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Triumph Group
TGI
|
+$29.1M |
| 2 |
Anadarko Petroleum
APC
|
+$24.6M |
| 3 |
Sinclair Inc
SBGI
|
+$15M |
| 4 |
Nexstar Media Group
NXST
|
+$11.9M |
| 5 |
Micron Technology
MU
|
+$10.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dana Inc
DAN
|
+$20.8M |
| 2 |
BP
BP
|
+$14.5M |
| 3 |
United Airlines
UAL
|
+$11.2M |
| 4 |
Lear
LEA
|
+$10.1M |
| 5 |
Ford
F
|
+$3.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.61% |
| 2 | Industrials | 14.5% |
| 3 | Consumer Discretionary | 12.55% |
| 4 | Energy | 12.54% |
| 5 | Healthcare | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
General Motors
GM
$66.6B
| $56.8M | 6.48% |
1,651,397
| – | – |
2013 Q2
3 quarters
|
|
2
YPF Sociedad Anonima ADS
YPF
$19.9B
| $56.1M | 6.39% |
1,800,000
+50,000
| +3% | +$1.4M |
2013 Q2
3 quarters
|
|
3
MetLife
MET
$62.8B
| $55.9M | 6.37% |
1,188,198
| – | – |
2013 Q2
3 quarters
|
|
4
JPMorgan Chase
JPM
$881B
| $45.5M | 5.19% |
750,000
| – | – |
2013 Q2
3 quarters
|
|
5
Cigna
CI
$81.1B
| $41.8M | 4.77% |
499,680
| – | – |
2013 Q2
3 quarters
|
|
6
Herc Holdings
HRI
$4.28B
| $40M | 4.55% |
500,000
| – | – |
2013 Q2
3 quarters
|
|
7
Elevance Health
ELV
$95.4B
| $39.8M | 4.54% |
400,000
| – | – |
2013 Q2
3 quarters
|
|
8
DELISTED
Equity Commonwealth
EQC
| $39.5M | 4.5% |
1,502,400
| – | – |
2013 Q2
3 quarters
|
|
9
Citigroup
C
$202B
| $36.7M | 4.18% |
770,000
| – | – |
2013 Q2
3 quarters
|
|
10
American International
AIG
$42.5B
| $36.4M | 4.15% |
728,550
| – | – |
2013 Q2
3 quarters
|
|
11
Hartford Financial Services
HIG
$37B
| $31.7M | 3.62% |
900,000
| – | – |
2013 Q2
3 quarters
|
|
|
12
DELISTED
Triumph Group
TGI
| $27.4M | 3.13% |
+425,000
| New | +$29.1M |
2014 Q1
0 quarters
|
|
13
Bank of America
BAC
$354B
| $26.6M | 3.03% |
1,547,400
| – | – |
2013 Q2
3 quarters
|
|
|
14
DELISTED
Anadarko Petroleum
APC
| $25.4M | 2.9% |
+300,000
| New | +$24.6M |
2014 Q1
0 quarters
|
|
15
Children's Place
PLCE
$23.3M
| $25.1M | 2.85% |
502,980
-42,799
| -8% | -$2.29M |
2013 Q2
3 quarters
|
|
16
Exelon
EXC
$45.8B
| $22.2M | 2.52% |
925,320
| – | – |
2013 Q2
3 quarters
|
|
|
17
United Airlines
UAL
$31.8B
| $22.1M | 2.52% |
494,885
-250,000
| -34% | -$11.2M |
2013 Q2
3 quarters
|
|
|
18
Micron Technology
MU
$993B
| $21.3M | 2.43% |
900,000
+450,000
| +100% | +$10.7M |
2013 Q4
1 quarter
|
|
19
SunCoke Energy
SXC
$850M
| $20.4M | 2.33% |
894,000
-118,000
| -12% | -$2.6M |
2013 Q2
3 quarters
|
|
20
Prudential Financial
PRU
$39.7B
| $20M | 2.28% |
236,000
| – | – |
2013 Q2
3 quarters
|
|
21
Delta Air Lines
DAL
$50.5B
| $17.3M | 1.97% |
500,000
| – | – |
2013 Q2
3 quarters
|
|
|
ACAS
22
DELISTED
American Capital Ltd
ACAS
| $15.8M | 1.8% |
1,002,700
| – | – |
2013 Q2
3 quarters
|
|
23
American Eagle Outfitters
AEO
$3B
| $15M | 1.71% |
1,228,000
+50,000
| +4% | +$689K |
2013 Q3
2 quarters
|
|
24
DELISTED
Hess
HES
| $13.9M | 1.59% |
168,000
| – | – |
2013 Q3
2 quarters
|
|
|
25
Sinclair Inc
SBGI
$896M
| $13.7M | 1.56% |
+505,000
| New | +$15M |
2014 Q1
0 quarters
|
|
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Jonathan Kolatch's Q1 2014 Portfolio in Review
As of Q1 2014, Jonathan Kolatch held 53 positions worth $878M, up 2.9% from $853M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Jonathan Kolatch deployed $37.1M of net new capital in Q1 2014, opening 9 new positions and adding to 5 existing holdings. Its largest new stake was Triumph Group: 425,000 shares worth $27.4M.
By sector, the portfolio is most concentrated in Financials at 31% of assets, down from 32% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was BP, an estimated $14.5M trimmed.
- Jonathan Kolatch's largest Q1 2014 buy was Triumph Group: 425,000 shares worth $27.4M.
- Jonathan Kolatch added most to Micron Technology in Q1 2014, an estimated $10.7M increase.
- Jonathan Kolatch's biggest Q1 2014 reduction was BP, cutting an estimated $14.5M.
- Jonathan Kolatch fully exited Dana Inc in Q1 2014, selling an estimated $20.8M.
- Jonathan Kolatch's ten largest holdings make up 51% of its $878M portfolio in Q1 2014.
- Jonathan Kolatch opened 9 new positions and closed 4 in Q1 2014.
- Jonathan Kolatch's portfolio value rose 2.9% quarter-over-quarter to $878M.
Based on Redwood Capital Management's 13F filing for Q1 2014, filed 15 May 2014.