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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
-7.24%
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
$1.12B
AUM Growth
-$96.2M
(-7.9%)
Cap. Flow
-$104M
Cap. Flow % of AUM
Cap. Flow %
-9.3%
Top 10 Holdings %
Top 10 Hldgs %
52.81%
Holding
49
New
1
Increased
5
Reduced
7
Closed
3
Avg Time Held
2.4
years
Top 10 Avg Time Held
0.8
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AerCap
AER
|
+$31.1M |
| 2 |
Optimum Communications Inc
OPTU
|
+$27.3M |
| 3 |
Studio City International Holdings
MSC
|
+$8.73M |
| 4 |
Meta Platforms (Facebook)
META
|
+$7.5M |
| 5 |
LYLT
Loyalty Ventures Inc. Common Stock
LYLT
|
+$7.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Spirit AeroSystems
SPR
|
+$33.7M |
| 2 |
Adient
ADNT
|
+$31.4M |
| 3 |
Radian Group
RDN
|
+$24.9M |
| 4 |
PG&E
PCG
|
+$14.4M |
| 5 |
MGIC Investment
MTG
|
+$10.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 16.88% |
| 2 | Financials | 16.12% |
| 3 | Industrials | 15.8% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Miscellaneous | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Optimum Communications Inc
OPTU
$288M
| $126M | 11.23% |
10,089,699
+2,042,745
| +25% | +$27.3M |
2021 Q3
2 quarters
|
|
|
2
AerCap
AER
$26.7B
| $82.2M | 7.33% |
1,634,593
+519,000
| +47% | +$31.1M |
2021 Q3
2 quarters
|
|
3
Bausch Health
BHC
$3.09B
| $54.9M | 4.9% |
2,403,137
| – | – |
2019 Q2
11 quarters
|
|
|
4
DELISTED
Spirit AeroSystems
SPR
| $54.5M | 4.86% |
1,114,079
-720,000
| -39% | -$33.7M |
2021 Q1
4 quarters
|
|
5
Bread Financial
BFH
$3.69B
| $50.3M | 4.48% |
895,478
| – | – |
2020 Q3
6 quarters
|
|
6
Citigroup
C
$203B
| $47.5M | 4.24% |
890,000
| – | – |
2013 Q2
35 quarters
|
|
|
7
Adient
ADNT
$1.23B
| $45M | 4.01% |
1,104,134
-731,843
| -40% | -$31.4M |
2020 Q1
8 quarters
|
|
8
Mercer International
MERC
$15.9M
| $43.5M | 3.88% |
3,117,131
| – | – |
2013 Q2
35 quarters
|
|
9
Vornado Realty Trust
VNO
$6.67B
| $42.2M | 3.77% |
931,901
| – | – |
2020 Q2
7 quarters
|
|
10
Carnival Corporation Ltd
CCL
$41.3B
| $39.9M | 3.56% |
1,974,260
| – | – |
2020 Q4
5 quarters
|
|
11
American Public Education
APEI
$757M
| $39.3M | 3.51% |
1,852,192
| – | – |
2021 Q2
3 quarters
|
|
12
Tenet Healthcare
THC
$23.1B
| $34.3M | 3.06% |
399,138
| – | – |
2017 Q1
20 quarters
|
|
13
Loma Negra
LOMA
$1.03B
| $33.6M | 3% |
5,873,428
| – | – |
2019 Q4
9 quarters
|
|
14
Enact Holdings
ACT
$6.26B
| $33.4M | 2.98% |
1,500,000
| – | – |
2021 Q3
2 quarters
|
|
|
LYLT
15
DELISTED
Loyalty Ventures Inc. Common Stock
LYLT
| $32.6M | 2.91% |
1,973,241
+287,212
| +17% | +$7.13M |
2021 Q4
1 quarter
|
|
|
16
Radian Group
RDN
$4.66B
| $31.7M | 2.83% |
1,428,589
-1,083,838
| -43% | -$24.9M |
2020 Q3
6 quarters
|
|
17
Dole
DOLE
$1.32B
| $31.7M | 2.83% |
2,557,687
| – | – |
2021 Q3
2 quarters
|
|
18
AT&T
T
$147B
| $26.5M | 2.36% |
1,482,880
| – | – |
2021 Q1
4 quarters
|
|
19
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $26.4M | 2.36% |
3,130,760
| – | – |
2018 Q4
13 quarters
|
|
20
Telecom Argentina
TEO
$4.47B
| $21.5M | 1.92% |
3,585,329
| – | – |
2013 Q2
35 quarters
|
|
|
21
Studio City International Holdings
MSC
$184M
| $19.1M | 1.7% |
3,275,911
+1,559,315
| +91% | +$8.73M |
2018 Q4
13 quarters
|
|
|
22
PG&E
PCG
$29.1B
| $13M | 1.16% |
1,090,539
-1,219,270
| -53% | -$14.4M |
2017 Q4
17 quarters
|
|
|
23
MGIC Investment
MTG
$5.64B
| $11.1M | 0.99% |
820,705
-670,490
| -45% | -$10.1M |
2020 Q3
6 quarters
|
|
24
Stellantis
STLA
$12.4B
| $9.11M | 0.81% |
560,000
| – | – |
2021 Q2
3 quarters
|
|
25
Service Properties Trust
SVC
$688M
| $8.23M | 0.73% |
186,424
| – | – |
2020 Q2
7 quarters
|
|
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Jonathan Kolatch's Q1 2022 Portfolio in Review
As of Q1 2022, Jonathan Kolatch held 49 positions worth $1.12B, down 7.9% from $1.22B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Jonathan Kolatch withdrew a net $104M in Q1 2022, closing 3 positions and reducing 7 holdings. Its most notable exit was Viatris, an estimated $1.35M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 17% of assets, up from 15% a quarter earlier, followed by Financials and Industrials.
Against the trend, Jonathan Kolatch opened a new position in Meta Platforms (Facebook) worth $6.67M.
- Jonathan Kolatch's largest Q1 2022 buy was Meta Platforms (Facebook): 30,000 shares worth $6.67M.
- Jonathan Kolatch added most to AerCap in Q1 2022, an estimated $31.1M increase.
- Jonathan Kolatch's biggest Q1 2022 reduction was Spirit AeroSystems, cutting an estimated $33.7M.
- Jonathan Kolatch fully exited Viatris in Q1 2022, selling an estimated $1.35M.
- Jonathan Kolatch's ten largest holdings make up 53% of its $1.12B portfolio in Q1 2022.
- Jonathan Kolatch opened 1 new position and closed 3 in Q1 2022.
- Jonathan Kolatch's portfolio value fell 7.9% quarter-over-quarter to $1.12B.
Based on Redwood Capital Management's 13F filing for Q1 2022, filed 16 May 2022.