We are live on !
Find out more
JK
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
-7.21%
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
$671M
AUM Growth
-$68.3M
(-9.2%)
Cap. Flow
-$95M
Cap. Flow % of AUM
Cap. Flow %
-14.16%
Top 10 Holdings %
Top 10 Hldgs %
63.07%
Holding
44
New
1
Increased
2
Reduced
2
Closed
3
Avg Time Held
Equity + Options
2.7
years
Top 10 Avg Time Held
Equity + Options
0.7
years
Top 20 Avg Time Held
Equity + Options
1.4
years
Avg Time Held Equity only
2.8
years
Top 10 Avg Time Held Equity only
1
year
Top 20 Avg Time Held Equity only
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AerCap
AER
|
+$36.9M |
| 2 |
Ally Financial
ALLY
|
+$9.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Radian Group
RDN
|
+$28.1M |
| 2 |
Bausch Health
BHC
|
+$23M |
| 3 |
Mercer International
MERC
|
+$16.5M |
| 4 |
Bread Financial
BFH
|
+$7.66M |
| 5 |
Stellantis
STLA
|
+$6.92M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.02% |
| 2 | Miscellaneous | 18.18% |
| 3 | Financials | 14.5% |
| 4 | Communication Services | 12.94% |
| 5 | Materials | 8.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
AerCap
AER
$24.5B
| $105M | 15.59% |
2,469,625
+835,032
| +51% | +$36.9M |
2021 Q3
4 quarters
|
|
2
Optimum Communications Inc
OPTU
$253M
| $63.2M | 9.42% |
10,839,699
| – | – |
2021 Q3
4 quarters
|
|
3
Citigroup
C
$205B
| $37.1M | 5.53% |
890,000
| – | – |
2013 Q2
37 quarters
|
|
4
Loma Negra
LOMA
$1.06B
| $36.6M | 5.46% |
5,873,428
| – | – |
2019 Q4
11 quarters
|
|
5
PUT
3M
MMM
$89.1B
| $33.2M | 4.94% |
+358,800
| New | +$39.4M |
2022 Q3
0 quarters
|
|
6
Adient
ADNT
$1.33B
| $30.6M | 4.57% |
1,104,134
| – | – |
2020 Q1
10 quarters
|
|
7
DELISTED
Spirit AeroSystems
SPR
| $26.6M | 3.97% |
1,214,079
| – | – |
2021 Q1
6 quarters
|
|
8
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $23.4M | 3.49% |
3,130,760
| – | – |
2018 Q4
15 quarters
|
|
|
9
Mercer International
MERC
$8.22M
| $23.4M | 3.49% |
1,901,159
-1,115,972
| -37% | -$16.5M |
2013 Q2
37 quarters
|
|
|
10
Bread Financial
BFH
$3.98B
| $22M | 3.28% |
700,058
-195,420
| -22% | -$7.66M |
2020 Q3
8 quarters
|
|
11
Vornado Realty Trust
VNO
$6.41B
| $21.6M | 3.22% |
931,901
| – | – |
2020 Q2
9 quarters
|
|
12
Tenet Healthcare
THC
$21.6B
| $20.6M | 3.07% |
399,138
| – | – |
2017 Q1
22 quarters
|
|
13
Dole
DOLE
$1.24B
| $18.7M | 2.78% |
2,557,687
| – | – |
2021 Q3
4 quarters
|
|
14
American Public Education
APEI
$805M
| $16.9M | 2.52% |
1,852,192
| – | – |
2021 Q2
5 quarters
|
|
15
Enact Holdings
ACT
$6.56B
| $15.7M | 2.34% |
708,728
| – | – |
2021 Q3
4 quarters
|
|
16
Telecom Argentina
TEO
$4.76B
| $14.4M | 2.14% |
3,585,329
| – | – |
2013 Q2
37 quarters
|
|
17
Carnival Corporation Ltd
CCL
$37.7B
| $13.9M | 2.07% |
1,974,260
| – | – |
2020 Q4
7 quarters
|
|
|
18
Ally Financial
ALLY
$11.8B
| $11.1M | 1.65% |
397,585
+297,585
| +298% | +$9.9M |
2016 Q2
25 quarters
|
|
19
MGIC Investment
MTG
$5.8B
| $10.5M | 1.57% |
820,705
| – | – |
2020 Q3
8 quarters
|
|
20
Studio City International Holdings
MSC
$152M
| $7.17M | 1.07% |
3,275,911
| – | – |
2018 Q4
15 quarters
|
|
21
StealthGas
GASS
$305M
| $6.16M | 0.92% |
2,404,887
| – | – |
2014 Q2
33 quarters
|
|
|
SVC
22
Service Properties Trust
SVC
$816M
| $4.84M | 0.72% |
186,424
| – | – |
2020 Q2
9 quarters
|
|
23
Stagwell
STGW
$2.16B
| $4.74M | 0.71% |
682,708
| – | – |
2015 Q2
29 quarters
|
|
24
Meta Platforms (Facebook)
META
$1.59T
| $4.07M | 0.61% |
30,000
| – | – |
2022 Q1
2 quarters
|
|
25
CBL Properties
CBL
$1.53B
| $2.97M | 0.44% |
115,946
| – | – |
2021 Q4
3 quarters
|
|
Similar funds
MPM
Jonathan Kolatch's Q3 2022 Portfolio in Review
As of Q3 2022, Jonathan Kolatch held 44 positions worth $671M, down 9.2% from $739M the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Jonathan Kolatch withdrew a net $95M in Q3 2022, closing 3 positions and reducing 2 holdings. Its most notable exit was Radian Group, an estimated $28.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 16% a quarter earlier, followed by Miscellaneous and Financials.
Against the trend, Jonathan Kolatch added an estimated $36.9M to AerCap.
- Jonathan Kolatch added most to AerCap in Q3 2022, an estimated $36.9M increase.
- Jonathan Kolatch's biggest Q3 2022 reduction was Mercer International, cutting an estimated $16.5M.
- Jonathan Kolatch fully exited Radian Group in Q3 2022, selling an estimated $28.1M.
- Jonathan Kolatch's ten largest holdings make up 63% of its $671M portfolio in Q3 2022.
- Jonathan Kolatch opened 1 new position and closed 3 in Q3 2022.
- Jonathan Kolatch's portfolio value fell 9.2% quarter-over-quarter to $671M.
Based on Redwood Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.