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 |
SPR
Spirit AeroSystems
SPR
|
+$24M |
| 2 |
Laureate Education
LAUR
|
+$19.7M |
| 3 |
PG&E
PCG
|
+$15.8M |
| 4 |
AT&T
T
|
+$6.79M |
| 5 |
ELMS
Electric Last Mile Solutions, Inc. Class A Common stock
ELMS
|
+$3.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EPR Properties
EPR
|
+$132M |
| 2 |
Wells Fargo
WFC
|
+$100M |
| 3 |
Bausch Health
BHC
|
+$29.7M |
| 4 |
SL Green Realty
SLG
|
+$20.3M |
| 5 |
Herc Holdings
HRI
|
+$19.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.65% |
| 2 | Real Estate | 24.36% |
| 3 | Utilities | 7.8% |
| 4 | Consumer Discretionary | 6.01% |
| 5 | Healthcare | 4.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Tesla
TSLA
$1.43T
| $433M | 21.07% |
+1,943,400
| New | +$488M |
|
2
Bread Financial
BFH
$4.07B
| $202M | 9.86% |
2,263,379
| – | – |
|
|
3
EPR Properties
EPR
$4.62B
| $189M | 9.23% |
4,066,755
-3,134,868
| -44% | -$132M |
|
|
VER
4
DELISTED
VEREIT, Inc.
VER
| $164M | 7.97% |
4,238,213
| – | – |
|
|
5
PG&E
PCG
$38.8B
| $160M | 7.8% |
13,678,519
+1,356,499
| +11% | +$15.8M |
|
|
6
Wells Fargo
WFC
$254B
| $106M | 5.14% |
2,700,477
-2,835,653
| -51% | -$100M |
|
7
Citigroup
C
$221B
| $88.8M | 4.32% |
1,220,000
| – | – |
|
|
SVC
8
Service Properties Trust
SVC
$1.05B
| $82.3M | 4.01% |
1,387,033
-132,897
| -9% | -$7.99M |
|
|
9
Bausch Health
BHC
$2.41B
| $70.9M | 3.45% |
2,234,586
-1,013,577
| -31% | -$29.7M |
|
10
Radian Group
RDN
$4.84B
| $58.4M | 2.84% |
2,512,427
| – | – |
|
11
Adient
ADNT
$1.54B
| $56.8M | 2.77% |
1,286,123
-224,114
| -15% | -$8.46M |
|
12
Vornado Realty Trust
VNO
$7.07B
| $49.9M | 2.43% |
1,098,467
| – | – |
|
13
MGIC Investment
MTG
$6.34B
| $44.8M | 2.18% |
3,234,596
| – | – |
|
|
LOMA
14
Loma Negra
LOMA
$1.09B
| $41.2M | 2% |
6,501,380
| – | – |
|
|
15
Laureate Education
LAUR
$5.16B
| $35.7M | 1.74% |
2,627,672
+1,397,687
| +114% | +$19.7M |
|
|
PLYA
16
DELISTED
Playa Hotels & Resorts
PLYA
| $31.3M | 1.52% |
4,284,220
-1,859,409
| -30% | -$12.3M |
|
|
SPR
17
DELISTED
Spirit AeroSystems
SPR
| $27.3M | 1.33% |
+560,870
| New | +$24M |
|
|
ETRN
18
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $25.5M | 1.24% |
3,130,760
| – | – |
|
19
Mercer International
MERC
$28.5M
| $24.8M | 1.21% |
1,725,391
-345,333
| -17% | -$4.6M |
|
|
MSC
20
Studio City International Holdings
MSC
$356M
| $22.9M | 1.12% |
1,737,108
| – | – |
|
|
21
Herc Holdings
HRI
$5.41B
| $22.8M | 1.11% |
225,390
-237,962
| -51% | -$19.2M |
|
22
Tenet Healthcare
THC
$22.6B
| $20.8M | 1.01% |
399,138
-100,000
| -20% | -$5.06M |
|
23
VICI Properties
VICI
$29.2B
| $10.2M | 0.5% |
362,074
| – | – |
|
24
Carnival Corporation Ltd
CCL
$35.2B
| $9.29M | 0.45% |
350,000
-150,000
| -30% | -$3.54M |
|
|
VRS
25
DELISTED
Verso Corporation
VRS
| $8.67M | 0.42% |
594,433
| – | – |
|
Similar funds
Jonathan Kolatch's Q1 2021 Portfolio in Review
As of Q1 2021, Jonathan Kolatch held 49 positions worth $2.05B, up 25% from $1.64B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Jonathan Kolatch deployed $157M of net new capital in Q1 2021, opening 5 new positions and adding to 5 existing holdings. Its largest new stake was Spirit AeroSystems: 560,870 shares worth $27.3M.
By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 30% a quarter earlier, followed by Real Estate and Utilities.
On the sell side, the largest reduction was EPR Properties, an estimated $132M trimmed.
- Jonathan Kolatch's largest Q1 2021 buy was Spirit AeroSystems: 560,870 shares worth $27.3M.
- Jonathan Kolatch added most to Laureate Education in Q1 2021, an estimated $19.7M increase.
- Jonathan Kolatch's biggest Q1 2021 reduction was EPR Properties, cutting an estimated $132M.
- Jonathan Kolatch fully exited SL Green Realty in Q1 2021, selling an estimated $20.3M.
- Jonathan Kolatch's ten largest holdings make up 76% of its $2.05B portfolio in Q1 2021.
- Jonathan Kolatch opened 5 new positions and closed 8 in Q1 2021.
- Jonathan Kolatch's portfolio value rose 25% quarter-over-quarter to $2.05B.
Based on Redwood Capital Management's 13F filing for Q1 2021, filed 17 May 2021.