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JK

Jonathan Kolatch Redwood Capital Management

AUM $927M
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
-35.27%
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
$547M
AUM Growth
-$182M
Cap. Flow
+$164M
Cap. Flow %
29.98%
Top 10 Hldgs %
61.96%
Holding
62
New
13
Increased
9
Reduced
7
Closed
9

Top Buys

Rank Stock Value
1
VICI icon
VICI Properties
VICI
+$46.6M
2
BHC icon
Bausch Health
BHC
+$34.9M
3
WMB icon
Williams Companies
WMB
+$28.6M
4
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
+$25.8M
5
LOMA
Loma Negra
LOMA
+$20.4M

Top Sells

Rank Stock Value
1
C icon
Citigroup
C
+$31.5M
2
PCG icon
PG&E
PCG
+$29.2M
3
PRU icon
Prudential Financial
PRU
+$18.7M
4
DAL icon
Delta Air Lines
DAL
+$5.85M
5
ZAYO
Zayo Group Holdings, Inc.
ZAYO
+$5.2M

Sector Composition

Rank Sector Weight
1 Healthcare 20.05%
2 Utilities 18.53%
3 Real Estate 18.05%
4 Consumer Discretionary 11.13%
5 Energy 8.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCG icon
1
PG&E
PCG
$38.8B
$96.1M 17.56%
10,685,548
-2,198,204
-17% -$29.2M
BHC icon
2
Bausch Health
BHC
$2.41B
$47.2M 8.63%
3,048,163
+1,448,163
+91% +$34.9M
VER
3
DELISTED
VEREIT, Inc.
VER
$43.8M 8.01%
1,793,316
+135,000
+8% +$5.7M
VICI icon
4
VICI Properties
VICI
$29.2B
$33.2M 6.07%
+1,994,465
New +$46.6M
MSC
5
Studio City International Holdings
MSC
$356M
$24.6M 4.5%
1,219,536
– –
THC icon
6
Tenet Healthcare
THC
$22.6B
$21.6M 3.95%
1,499,054
-132,247
-8% -$3.8M
WMB icon
7
Williams Companies
WMB
$86.2B
$20.9M 3.81%
+1,475,000
New +$28.6M
ETRN
8
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$20.1M 3.68%
4,002,453
+2,950,000
+280% +$25.8M
LOMA
9
Loma Negra
LOMA
$1.09B
$16.5M 3.01%
4,640,434
+3,410,748
+277% +$20.4M
MERC icon
10
Mercer International
MERC
$28.5M
$15M 2.74%
2,070,724
– –
TPIC
11
DELISTED
TPI Composites
TPIC
$14.5M 2.65%
981,379
-50,000
-5% -$984K
TEO icon
12
Telecom Argentina
TEO
$5.66B
$13.7M 2.5%
1,482,084
+86,392
+6% +$943K
C icon
13
Citigroup
C
$221B
$12.6M 2.31%
300,000
-470,000
-61% -$31.5M
TAK icon
14
Takeda Pharmaceutical
TAK
$58.1B
$12.6M 2.3%
827,955
– –
GLPI icon
15
Gaming and Leisure Properties
GLPI
$12.7B
$12.1M 2.22%
+438,036
New +$18M
CZR
16
DELISTED
Caesars Entertainment Corporation
CZR
$10.8M 1.98%
1,600,000
– –
HRI icon
17
Herc Holdings
HRI
$5.41B
$9.48M 1.73%
463,352
+103,000
+29% +$3.76M
HCA icon
18
HCA Healthcare
HCA
$92.9B
$8.98M 1.64%
+100,000
New +$12.9M
CNC icon
19
Centene
CNC
$32.1B
$8.91M 1.63%
150,000
– –
MET icon
20
MetLife
MET
$60B
$8.41M 1.54%
+275,000
New +$12.2M
PLYA
21
DELISTED
Playa Hotels & Resorts
PLYA
$7.6M 1.39%
4,343,629
+2,705,019
+165% +$15.5M
VRS
22
DELISTED
Verso Corporation
VRS
$6.71M 1.23%
594,433
-43,923
-7% -$685K
TCO
23
DELISTED
Taubman Centers Inc.
TCO
$6.49M 1.19%
+155,000
New +$6.46M
HGV icon
24
Hilton Grand Vacations
HGV
$3.51B
$6.01M 1.1%
381,214
+250,000
+191% +$6.87M
PARA
25
DELISTED
Paramount Global Class B
PARA
$5.38M 0.98%
384,200
– –
1
2 3

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Jonathan Kolatch's Q1 2020 Portfolio in Review

As of Q1 2020, Jonathan Kolatch held 62 positions worth $547M, down 25% from $729M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Jonathan Kolatch deployed $164M of net new capital in Q1 2020, opening 13 new positions and adding to 9 existing holdings. Its largest new stake was VICI Properties: 1,994,465 shares worth $33.2M.

By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Utilities and Real Estate.

On the sell side, the largest reduction was Citigroup, an estimated $31.5M trimmed.

  • Jonathan Kolatch's largest Q1 2020 buy was VICI Properties: 1,994,465 shares worth $33.2M.
  • Jonathan Kolatch added most to Bausch Health in Q1 2020, an estimated $34.9M increase.
  • Jonathan Kolatch's biggest Q1 2020 reduction was Citigroup, cutting an estimated $31.5M.
  • Jonathan Kolatch fully exited Prudential Financial in Q1 2020, selling an estimated $18.7M.
  • Jonathan Kolatch's ten largest holdings make up 62% of its $547M portfolio in Q1 2020.
  • Jonathan Kolatch opened 13 new positions and closed 9 in Q1 2020.
  • Jonathan Kolatch's portfolio value fell 25% quarter-over-quarter to $547M.

Based on Redwood Capital Management's 13F filing for Q1 2020, filed 15 May 2020.