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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
+34.91%
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
$1.64B
AUM Growth
+$324M
Cap. Flow
-$95.2M
Cap. Flow %
-5.81%
Top 10 Hldgs %
72.14%
Holding
49
New
2
Increased
6
Reduced
10
Closed
6

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$62.4M
2
C icon
Citigroup
C
+$41.7M
3
EPR icon
EPR Properties
EPR
+$28.9M
4
SLG icon
SL Green Realty
SLG
+$17.5M
5
CCL icon
Carnival Corporation Ltd
CCL
+$8.89M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$102M
2
VER
VEREIT, Inc.
VER
+$51M
3
TCO
Taubman Centers Inc.
TCO
+$35.6M
4
THC icon
Tenet Healthcare
THC
+$18.3M
5
ADNT icon
Adient
ADNT
+$14.5M

Sector Composition

Rank Sector Weight
1 Real Estate 33.98%
2 Financials 29.65%
3 Utilities 9.66%
4 Consumer Discretionary 8.73%
5 Healthcare 5.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPR icon
1
EPR Properties
EPR
$4.62B
$234M 14.28%
7,201,623
+981,170
+16% +$28.9M
WFC icon
2
Wells Fargo
WFC
$254B
$167M 10.2%
5,536,130
+2,411,173
+77% +$62.4M
VER
3
DELISTED
VEREIT, Inc.
VER
$160M 9.77%
4,238,213
-1,436,122
-25% -$51M
PCG icon
4
PG&E
PCG
$38.8B
$154M 9.37%
12,322,020
-9,029,018
-42% -$102M
BFH icon
5
Bread Financial
BFH
$4.07B
$134M 8.17%
2,263,379
-75,180
-3% -$3.78M
SVC
6
Service Properties Trust
SVC
$1.05B
$87.3M 5.33%
1,519,930
+132,897
+10% +$6.75M
C icon
7
Citigroup
C
$221B
$75.2M 4.59%
1,220,000
+820,000
+205% +$41.7M
BHC icon
8
Bausch Health
BHC
$2.41B
$67.6M 4.12%
3,248,163
– –
ADNT icon
9
Adient
ADNT
$1.54B
$52.5M 3.2%
1,510,237
-514,408
-25% -$14.5M
RDN icon
10
Radian Group
RDN
$4.84B
$50.9M 3.1%
2,512,427
– –
VNO icon
11
Vornado Realty Trust
VNO
$7.07B
$41M 2.5%
1,098,467
-305,575
-22% -$11.2M
MTG icon
12
MGIC Investment
MTG
$6.34B
$40.6M 2.48%
3,234,596
– –
LOMA
13
Loma Negra
LOMA
$1.09B
$40M 2.44%
6,501,380
– –
PLYA
14
DELISTED
Playa Hotels & Resorts
PLYA
$36.6M 2.23%
6,143,629
+1,800,000
+41% +$8.35M
HRI icon
15
Herc Holdings
HRI
$5.41B
$30.8M 1.88%
463,352
– –
ETRN
16
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$25.2M 1.54%
3,130,760
– –
MERC icon
17
Mercer International
MERC
$28.5M
$21.2M 1.3%
2,070,724
– –
MSC
18
Studio City International Holdings
MSC
$356M
$20.6M 1.26%
1,737,108
– –
SLG icon
19
SL Green Realty
SLG
$4.07B
$20.3M 1.24%
+330,361
New +$17.5M
THC icon
20
Tenet Healthcare
THC
$22.6B
$19.9M 1.22%
499,138
-566,693
-53% -$18.3M
LAUR icon
21
Laureate Education
LAUR
$5.16B
$17.9M 1.09%
1,229,985
– –
PARA
22
DELISTED
Paramount Global Class B
PARA
$14.3M 0.87%
384,200
– –
MET icon
23
MetLife
MET
$60B
$12.9M 0.79%
275,000
– –
HGV icon
24
Hilton Grand Vacations
HGV
$3.51B
$12M 0.73%
381,214
– –
CCL icon
25
Carnival Corporation Ltd
CCL
$35.2B
$10.8M 0.66%
+500,000
New +$8.89M
1
2

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Jonathan Kolatch's Q4 2020 Portfolio in Review

As of Q4 2020, Jonathan Kolatch held 49 positions worth $1.64B, up 25% from $1.31B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Jonathan Kolatch withdrew a net $95.2M in Q4 2020, closing 6 positions and reducing 10 holdings. Its most notable exit was Taubman Centers Inc., an estimated $35.6M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 34% of assets, down from 39% a quarter earlier, followed by Financials and Utilities.

Against the trend, Jonathan Kolatch opened a new position in SL Green Realty worth $20.3M.

  • Jonathan Kolatch's largest Q4 2020 buy was SL Green Realty: 330,361 shares worth $20.3M.
  • Jonathan Kolatch added most to Wells Fargo in Q4 2020, an estimated $62.4M increase.
  • Jonathan Kolatch's biggest Q4 2020 reduction was PG&E, cutting an estimated $102M.
  • Jonathan Kolatch fully exited Taubman Centers Inc. in Q4 2020, selling an estimated $35.6M.
  • Jonathan Kolatch's ten largest holdings make up 72% of its $1.64B portfolio in Q4 2020.
  • Jonathan Kolatch opened 2 new positions and closed 6 in Q4 2020.
  • Jonathan Kolatch's portfolio value rose 25% quarter-over-quarter to $1.64B.

Based on Redwood Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.