Jonathan Kolatch Redwood Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$38.4M |
| 2 |
StealthGas
GASS
|
+$23M |
| 3 |
TSE
Trinseo
TSE
|
+$6.45M |
| 4 |
Ford
F
|
+$4.88M |
| 5 |
BRSS
Global Brass & Copper Hldgs, Inc
BRSS
|
+$3.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TGI
Triumph Group
TGI
|
+$23.8M |
| 2 |
Exelon
EXC
|
+$23.6M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$15.3M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$6.72M |
| 5 |
BP
BP
|
+$5.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.71% |
| 2 | Consumer Discretionary | 17.08% |
| 3 | Industrials | 13.65% |
| 4 | Energy | 11.19% |
| 5 | Healthcare | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
YPF Sociedad Anonima ADS
YPF
$20.1B
| $62.1M | 6.53% |
1,900,000
+100,000
| +6% | +$3.06M |
|
2
General Motors
GM
$77.2B
| $59.9M | 6.31% |
1,651,397
| – | – |
|
3
MetLife
MET
$60B
| $58.8M | 6.19% |
1,188,198
| – | – |
|
4
Cigna
CI
$73.3B
| $46M | 4.84% |
499,680
| – | – |
|
|
LVNTA
5
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $44.3M | 4.66% |
+1,221,000
| New | +$38.4M |
|
6
JPMorgan Chase
JPM
$935B
| $43.2M | 4.55% |
750,000
| – | – |
|
7
Elevance Health
ELV
$86.9B
| $43M | 4.53% |
400,000
| – | – |
|
8
Herc Holdings
HRI
$5.41B
| $42M | 4.42% |
500,000
| – | – |
|
9
American International
AIG
$39.8B
| $39.8M | 4.18% |
728,550
| – | – |
|
|
EQC
10
DELISTED
Equity Commonwealth
EQC
| $39.5M | 4.16% |
1,502,400
| – | – |
|
11
Citigroup
C
$221B
| $36.3M | 3.82% |
770,000
| – | – |
|
12
Hartford Financial Services
HIG
$36.9B
| $32.2M | 3.39% |
900,000
| – | – |
|
13
Micron Technology
MU
$1.09T
| $29.7M | 3.12% |
900,000
| – | – |
|
14
Bank of America
BAC
$431B
| $25.3M | 2.66% |
1,647,400
+100,000
| +6% | +$1.55M |
|
15
Children's Place
PLCE
$55.4M
| $25M | 2.63% |
502,980
| – | – |
|
|
16
StealthGas
GASS
$358M
| $23.8M | 2.5% |
+2,142,857
| New | +$23M |
|
17
Prudential Financial
PRU
$41.8B
| $20.9M | 2.2% |
236,000
| – | – |
|
18
United Airlines
UAL
$36.7B
| $20.3M | 2.14% |
494,885
| – | – |
|
19
Delta Air Lines
DAL
$54.2B
| $19.4M | 2.04% |
500,000
| – | – |
|
20
SunCoke Energy
SXC
$822M
| $19.2M | 2.02% |
894,000
| – | – |
|
21
Sinclair Inc
SBGI
$1.04B
| $17.5M | 1.85% |
505,000
| – | – |
|
|
HES
22
DELISTED
Hess
HES
| $16.6M | 1.75% |
168,000
| – | – |
|
|
APC
23
DELISTED
Anadarko Petroleum
APC
| $16.4M | 1.73% |
150,000
-150,000
| -50% | -$15.3M |
|
|
ACAS
24
DELISTED
American Capital Ltd
ACAS
| $15.3M | 1.61% |
1,002,700
| – | – |
|
25
Nexstar Media Group
NXST
$5.73B
| $14.2M | 1.49% |
275,000
| – | – |
|
Similar funds
Jonathan Kolatch's Q2 2014 Portfolio in Review
As of Q2 2014, Jonathan Kolatch held 56 positions worth $950M, up 8.3% from $878M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Jonathan Kolatch's Q2 2014 filing shows 7 new, 4 increased, 5 reduced and 3 closed positions. Its largest new stake was Liberty Interactive Corporation Series A Liberty Ventures: 1,221,000 shares worth $44.3M. The largest sale was Triumph Group, an estimated $23.8M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Jonathan Kolatch's largest Q2 2014 buy was Liberty Interactive Corporation Series A Liberty Ventures: 1,221,000 shares worth $44.3M.
- Jonathan Kolatch added most to Global Brass & Copper Hldgs, Inc in Q2 2014, an estimated $3.11M increase.
- Jonathan Kolatch's biggest Q2 2014 reduction was Triumph Group, cutting an estimated $23.8M.
- Jonathan Kolatch fully exited Exelon in Q2 2014, selling an estimated $23.6M.
- Jonathan Kolatch's ten largest holdings make up 50% of its $950M portfolio in Q2 2014.
- Jonathan Kolatch opened 7 new positions and closed 3 in Q2 2014.
- Jonathan Kolatch's portfolio value rose 8.3% quarter-over-quarter to $950M.
Based on Redwood Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.