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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
+0.79%
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
$1.43B
AUM Growth
+$217M
(+18%)
Cap. Flow
+$209M
Cap. Flow % of AUM
Cap. Flow %
14.61%
Top 10 Holdings %
Top 10 Hldgs %
72.59%
Holding
53
New
10
Increased
8
Reduced
2
Closed
4
Avg Time Held
Equity + Options
1.9
years
Top 10 Avg Time Held
Equity + Options
1.4
years
Top 20 Avg Time Held
Equity + Options
2
years
Avg Time Held Equity only
2
years
Top 10 Avg Time Held Equity only
1.4
years
Top 20 Avg Time Held Equity only
2.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$70M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$38.6M |
| 3 |
Micron Technology
MU
|
+$21.5M |
| 4 |
Brunswick
BC
|
+$18.6M |
| 5 |
Kinder Morgan
KMI
|
+$15.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXP Semiconductors
NXPI
|
+$8.24M |
| 2 |
CIT
CIT Group Inc.
CIT
|
+$7.7M |
| 3 |
Viatris
VTRS
|
+$4.23M |
| 4 |
PG&E
PCG
|
+$3.18M |
| 5 |
Surgery Partners
SGRY
|
+$1.36M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.17% |
| 2 | Financials | 18.98% |
| 3 | Communication Services | 9.38% |
| 4 | Industrials | 8.07% |
| 5 | Real Estate | 4.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $488M | 34.14% |
6,592,547
+140,000
| +2% | +$10.6M |
2017 Q2
3 quarters
|
|
|
AET
2
DELISTED
Aetna Inc
AET
| $135M | 9.45% |
799,330
+389,330
| +95% | +$70M |
2017 Q4
1 quarter
|
|
|
TWX
3
DELISTED
Time Warner Inc
TWX
| $87M | 6.09% |
919,925
+409,925
| +80% | +$38.6M |
2017 Q4
1 quarter
|
|
|
VER
4
DELISTED
VEREIT, Inc.
VER
| $64.7M | 4.53% |
1,860,355
| – | – |
2014 Q2
15 quarters
|
|
5
Delta Air Lines
DAL
$52.7B
| $54.8M | 3.83% |
1,000,000
| – | – |
2013 Q2
19 quarters
|
|
6
Citigroup
C
$203B
| $52M | 3.64% |
770,000
| – | – |
2013 Q2
19 quarters
|
|
7
Dell
DELL
$270B
| $49.1M | 3.44% |
2,390,152
+545,524
| +30% | +$11.8M |
2016 Q3
6 quarters
|
|
8
JPMorgan Chase
JPM
$895B
| $38.9M | 2.72% |
353,300
| – | – |
2013 Q2
19 quarters
|
|
|
9
Micron Technology
MU
$1T
| $36.5M | 2.55% |
700,000
+450,000
| +180% | +$21.5M |
2013 Q4
17 quarters
|
|
|
10
PG&E
PCG
$39.6B
| $31.6M | 2.21% |
720,000
-75,000
| -9% | -$3.18M |
2017 Q4
1 quarter
|
|
11
Bank of America
BAC
$346B
| $26.2M | 1.83% |
872,400
| – | – |
2013 Q2
19 quarters
|
|
12
Mercer International
MERC
$8.04M
| $25.4M | 1.78% |
2,039,496
| – | – |
2013 Q2
19 quarters
|
|
13
Telecom Argentina
TEO
$4.57B
| $23.4M | 1.63% |
745,362
| – | – |
2013 Q2
19 quarters
|
|
14
Tenet Healthcare
THC
$22B
| $22.4M | 1.57% |
925,000
| – | – |
2017 Q1
4 quarters
|
|
15
United Airlines
UAL
$33.9B
| $20.8M | 1.46% |
300,000
| – | – |
2013 Q2
19 quarters
|
|
|
VRS
16
DELISTED
Verso Corporation
VRS
| $20.2M | 1.41% |
1,200,098
| – | – |
2016 Q3
6 quarters
|
|
17
YPF Sociedad Anonima ADS
YPF
$18.4B
| $19M | 1.33% |
880,385
| – | – |
2013 Q2
19 quarters
|
|
|
18
Brunswick
BC
$4.88B
| $18.7M | 1.31% |
+315,500
| New | +$18.6M |
2018 Q1
0 quarters
|
|
19
CALL
General Motors
GM
$74.2B
| $18.2M | 1.27% |
+500,000
| New | +$20.3M |
2018 Q1
0 quarters
|
|
20
Magna International
MGA
$17.1B
| $17.3M | 1.21% |
306,500
| – | – |
2016 Q1
8 quarters
|
|
|
21
General Motors
GM
$74.2B
| $14.5M | 1.02% |
400,000
| – | – |
2013 Q2
19 quarters
|
|
|
22
Kinder Morgan
KMI
$75.5B
| $13.9M | 0.97% |
+920,000
| New | +$15.9M |
2018 Q1
0 quarters
|
|
|
EVHC
23
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $13.7M | 0.96% |
356,100
| – | – |
2017 Q4
1 quarter
|
|
24
Qualcomm
QCOM
$176B
| $12.5M | 0.87% |
225,000
+25,000
| +13% | +$1.59M |
2017 Q1
4 quarters
|
|
|
FRTA
25
DELISTED
Forterra, Inc
FRTA
| $11.8M | 0.83% |
1,419,830
| – | – |
2017 Q2
3 quarters
|
|
Similar funds
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Jonathan Kolatch's Q1 2018 Portfolio in Review
As of Q1 2018, Jonathan Kolatch held 53 positions worth $1.43B, up 18% from $1.21B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Jonathan Kolatch deployed $209M of net new capital in Q1 2018, opening 10 new positions and adding to 8 existing holdings. Its largest new stake was Brunswick: 315,500 shares worth $18.7M.
By sector, the portfolio is most concentrated in Technology at 41% of assets, down from 43% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was PG&E, an estimated $3.18M trimmed.
- Jonathan Kolatch's largest Q1 2018 buy was Brunswick: 315,500 shares worth $18.7M.
- Jonathan Kolatch added most to Aetna Inc in Q1 2018, an estimated $70M increase.
- Jonathan Kolatch's biggest Q1 2018 reduction was PG&E, cutting an estimated $3.18M.
- Jonathan Kolatch fully exited NXP Semiconductors in Q1 2018, selling an estimated $8.24M.
- Jonathan Kolatch's ten largest holdings make up 73% of its $1.43B portfolio in Q1 2018.
- Jonathan Kolatch opened 10 new positions and closed 4 in Q1 2018.
- Jonathan Kolatch's portfolio value rose 18% quarter-over-quarter to $1.43B.
Based on Redwood Capital Management's 13F filing for Q1 2018, filed 15 May 2018.