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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
+4.57%
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
$953M
AUM Growth
+$14.1M
(+1.5%)
Cap. Flow
-$10.3M
Cap. Flow % of AUM
Cap. Flow %
-1.08%
Top 10 Holdings %
Top 10 Hldgs %
51.19%
Holding
58
New
3
Increased
8
Reduced
8
Closed
9
Avg Time Held
Equity + Options
1.1
years
Top 10 Avg Time Held
Equity + Options
1.1
years
Top 20 Avg Time Held
Equity + Options
1.2
years
Avg Time Held Equity only
1.1
years
Top 10 Avg Time Held Equity only
1.1
years
Top 20 Avg Time Held Equity only
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VER
VEREIT, Inc.
VER
|
+$69.7M |
| 2 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$14.4M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$14.1M |
| 4 |
Herc Holdings
HRI
|
+$6.76M |
| 5 |
Delta Air Lines
DAL
|
+$6.31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$25.3M |
| 2 |
LTRPA
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
|
+$22.6M |
| 3 |
Hess
HES
|
+$15.8M |
| 4 |
Anadarko Petroleum
APC
|
+$15.2M |
| 5 |
Spirit AeroSystems
SPR
|
+$6.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.72% |
| 2 | Industrials | 14.1% |
| 3 | Healthcare | 12.6% |
| 4 | Consumer Discretionary | 12.04% |
| 5 | Real Estate | 10.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
VER
1
DELISTED
VEREIT, Inc.
VER
| $66.2M | 6.94% |
1,462,200
+1,422,200
| +3,556% | +$69.7M |
2014 Q2
2 quarters
|
|
2
MetLife
MET
$62.8B
| $57.3M | 6.01% |
1,188,198
| – | – |
2013 Q2
6 quarters
|
|
3
General Motors
GM
$66.6B
| $54.3M | 5.69% |
1,554,422
-96,975
| -6% | -$3.1M |
2013 Q2
6 quarters
|
|
4
Cigna
CI
$81.1B
| $51.4M | 5.4% |
499,680
| – | – |
2013 Q2
6 quarters
|
|
5
YPF Sociedad Anonima ADS
YPF
$19.9B
| $48.8M | 5.12% |
1,844,034
-100,466
| -5% | -$3.11M |
2013 Q2
6 quarters
|
|
|
6
Herc Holdings
HRI
$4.28B
| $44.9M | 4.71% |
600,000
+100,000
| +20% | +$6.76M |
2013 Q2
6 quarters
|
|
7
Elevance Health
ELV
$95.4B
| $44M | 4.62% |
350,000
-50,000
| -13% | -$6.18M |
2013 Q2
6 quarters
|
|
8
Citigroup
C
$202B
| $41.7M | 4.37% |
770,000
| – | – |
2013 Q2
6 quarters
|
|
9
American International
AIG
$42.5B
| $40.8M | 4.28% |
728,550
| – | – |
2013 Q2
6 quarters
|
|
10
DELISTED
Equity Commonwealth
EQC
| $38.6M | 4.05% |
1,502,400
| – | – |
2013 Q2
6 quarters
|
|
11
JPMorgan Chase
JPM
$881B
| $35.5M | 3.73% |
567,979
-82,021
| -13% | -$4.94M |
2013 Q2
6 quarters
|
|
12
United Airlines
UAL
$31.8B
| $33.1M | 3.47% |
494,885
| – | – |
2013 Q2
6 quarters
|
|
13
Hartford Financial Services
HIG
$37B
| $32.3M | 3.39% |
774,055
-125,945
| -14% | -$4.98M |
2013 Q2
6 quarters
|
|
|
14
Delta Air Lines
DAL
$50.5B
| $32M | 3.36% |
650,000
+150,000
| +30% | +$6.31M |
2013 Q2
6 quarters
|
|
15
Micron Technology
MU
$993B
| $31.5M | 3.31% |
900,000
| – | – |
2013 Q4
4 quarters
|
|
16
Bank of America
BAC
$354B
| $29.5M | 3.09% |
1,647,400
| – | – |
2013 Q2
6 quarters
|
|
17
Mercer International
MERC
$9.34M
| $25.9M | 2.72% |
2,106,367
+116,178
| +6% | +$1.41M |
2013 Q2
6 quarters
|
|
18
Children's Place
PLCE
$23.3M
| $22.5M | 2.36% |
394,586
-108,394
| -22% | -$5.6M |
2013 Q2
6 quarters
|
|
19
Prudential Financial
PRU
$39.7B
| $21.3M | 2.24% |
236,000
| – | – |
2013 Q2
6 quarters
|
|
|
COV
20
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $20.5M | 2.15% |
200,000
+150,000
| +300% | +$14.4M |
2014 Q3
1 quarter
|
|
21
American Eagle Outfitters
AEO
$3B
| $17M | 1.79% |
1,228,000
| – | – |
2013 Q3
5 quarters
|
|
22
StealthGas
GASS
$311M
| $15.2M | 1.6% |
2,415,287
+272,430
| +13% | +$2M |
2014 Q2
2 quarters
|
|
|
YHOO
23
DELISTED
Yahoo Inc
YHOO
| $15.2M | 1.59% |
+300,000
| New | +$14.1M |
2014 Q4
0 quarters
|
|
|
ACAS
24
DELISTED
American Capital Ltd
ACAS
| $14.6M | 1.54% |
1,002,700
| – | – |
2013 Q2
6 quarters
|
|
25
Aptiv
APTV
$8.86B
| $14.2M | 1.49% |
195,000
| – | – |
2013 Q2
6 quarters
|
|
Similar funds
MPM
Jonathan Kolatch's Q4 2014 Portfolio in Review
As of Q4 2014, Jonathan Kolatch held 58 positions worth $953M, up 1.5% from $939M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Jonathan Kolatch's Q4 2014 filing shows 3 new, 8 increased, 8 reduced and 9 closed positions. Its largest new stake was Yahoo Inc: 300,000 shares worth $15.2M. The largest sale was Liberty Interactive Corporation Series A Liberty Ventures, an estimated $25.3M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 29% a quarter earlier, followed by Industrials and Healthcare.
- Jonathan Kolatch's largest Q4 2014 buy was Yahoo Inc: 300,000 shares worth $15.2M.
- Jonathan Kolatch added most to VEREIT, Inc. in Q4 2014, an estimated $69.7M increase.
- Jonathan Kolatch's biggest Q4 2014 reduction was Elevance Health, cutting an estimated $6.18M.
- Jonathan Kolatch fully exited Liberty Interactive Corporation Series A Liberty Ventures in Q4 2014, selling an estimated $25.3M.
- Jonathan Kolatch's ten largest holdings make up 51% of its $953M portfolio in Q4 2014.
- Jonathan Kolatch opened 3 new positions and closed 9 in Q4 2014.
- Jonathan Kolatch's portfolio value rose 1.5% quarter-over-quarter to $953M.
Based on Redwood Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.