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
+14.14%
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
$827M
AUM Growth
+$156M
(+23%)
Cap. Flow
-$111M
Cap. Flow % of AUM
Cap. Flow %
-13.38%
Top 10 Holdings %
Top 10 Hldgs %
63.24%
Holding
42
New
–
Increased
2
Reduced
4
Closed
5
Avg Time Held
Equity + Options
3
years
Top 10 Avg Time Held
Equity + Options
0.9
years
Top 20 Avg Time Held
Equity + Options
1.5
years
Avg Time Held Equity only
3.1
years
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
1.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Optimum Communications Inc
OPTU
|
+$21.9M |
| 2 |
Ally Financial
ALLY
|
+$18.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bread Financial
BFH
|
+$22M |
| 2 |
AerCap
AER
|
+$18.3M |
| 3 |
Citigroup
C
|
+$6.81M |
| 4 |
SVC
Service Properties Trust
SVC
|
+$4.84M |
| 5 |
Meta Platforms (Facebook)
META
|
+$4.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 27.88% |
| 2 | Industrials | 20.32% |
| 3 | Communication Services | 11.43% |
| 4 | Financials | 10.21% |
| 5 | Consumer Discretionary | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
AerCap
AER
$25.8B
| $125M | 15.09% |
2,138,645
-330,980
| -13% | -$18.3M |
2021 Q3
5 quarters
|
|
|
2
Optimum Communications Inc
OPTU
$287M
| $70.3M | 8.51% |
15,289,699
+4,450,000
| +41% | +$21.9M |
2021 Q3
5 quarters
|
|
3
Loma Negra
LOMA
$1.02B
| $40.2M | 4.87% |
5,873,428
| – | – |
2019 Q4
12 quarters
|
|
4
Adient
ADNT
$1.22B
| $38.3M | 4.63% |
1,104,134
| – | – |
2020 Q1
11 quarters
|
|
5
PUT
3M
MMM
$95.5B
| $36M | 4.35% |
358,800
| – | – |
2022 Q3
1 quarter
|
|
6
DELISTED
Spirit AeroSystems
SPR
| $35.9M | 4.35% |
1,214,079
| – | – |
2021 Q1
7 quarters
|
|
|
7
Citigroup
C
$197B
| $33.5M | 4.05% |
740,000
-150,000
| -17% | -$6.81M |
2013 Q2
38 quarters
|
|
|
8
Ally Financial
ALLY
$11.5B
| $26.3M | 3.19% |
1,077,568
+679,983
| +171% | +$18.1M |
2016 Q2
26 quarters
|
|
9
Dole
DOLE
$1.31B
| $24.7M | 2.99% |
2,557,687
| – | – |
2021 Q3
5 quarters
|
|
10
American Public Education
APEI
$682M
| $22.8M | 2.75% |
1,852,192
| – | – |
2021 Q2
6 quarters
|
|
11
Mercer International
MERC
$17.4M
| $22.1M | 2.68% |
1,901,159
| – | – |
2013 Q2
38 quarters
|
|
12
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $21M | 2.54% |
3,130,760
| – | – |
2018 Q4
16 quarters
|
|
13
Telecom Argentina
TEO
$4.29B
| $19.5M | 2.36% |
3,585,329
| – | – |
2013 Q2
38 quarters
|
|
14
Studio City International Holdings
MSC
$189M
| $19.5M | 2.36% |
3,275,911
| – | – |
2018 Q4
16 quarters
|
|
15
Tenet Healthcare
THC
$22.5B
| $19.5M | 2.36% |
399,138
| – | – |
2017 Q1
23 quarters
|
|
16
Vornado Realty Trust
VNO
$6.7B
| $19.4M | 2.35% |
931,901
| – | – |
2020 Q2
10 quarters
|
|
17
Carnival Corporation Ltd
CCL
$39.8B
| $15.9M | 1.93% |
1,974,260
| – | – |
2020 Q4
8 quarters
|
|
18
Enact Holdings
ACT
$6.38B
| $13.2M | 1.59% |
545,485
-163,243
| -23% | -$3.98M |
2021 Q3
5 quarters
|
|
19
MGIC Investment
MTG
$5.69B
| $10.7M | 1.29% |
820,705
| – | – |
2020 Q3
9 quarters
|
|
20
StealthGas
GASS
$297M
| $5.67M | 0.69% |
2,116,109
-288,778
| -12% | -$865K |
2014 Q2
34 quarters
|
|
21
Stagwell
STGW
$2.89B
| $4.24M | 0.51% |
682,708
| – | – |
2015 Q2
30 quarters
|
|
22
CBL Properties
CBL
$1.46B
| $2.68M | 0.32% |
115,946
| – | – |
2021 Q4
4 quarters
|
|
23
Expand Energy Corp
EXE
$19.5B
| $1.78M | 0.21% |
18,824
| – | – |
2021 Q3
5 quarters
|
|
24
Herc Holdings
HRI
$5.08B
| $1.64M | 0.2% |
12,500
| – | – |
2013 Q2
38 quarters
|
|
25
DELISTED
American Woodmark
AMWD
| $1.47M | 0.18% |
30,000
| – | – |
2022 Q2
2 quarters
|
|
Similar funds
MPM
Jonathan Kolatch's Q4 2022 Portfolio in Review
As of Q4 2022, Jonathan Kolatch held 42 positions worth $827M, up 23% from $671M the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Jonathan Kolatch withdrew a net $111M in Q4 2022, closing 5 positions and reducing 4 holdings. Its most notable exit was Bread Financial, an estimated $22M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, up from 18% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Jonathan Kolatch added an estimated $21.9M to Optimum Communications Inc.
- Jonathan Kolatch added most to Optimum Communications Inc in Q4 2022, an estimated $21.9M increase.
- Jonathan Kolatch's biggest Q4 2022 reduction was AerCap, cutting an estimated $18.3M.
- Jonathan Kolatch fully exited Bread Financial in Q4 2022, selling an estimated $22M.
- Jonathan Kolatch's ten largest holdings make up 63% of its $827M portfolio in Q4 2022.
- Jonathan Kolatch opened 0 new positions and closed 5 in Q4 2022.
- Jonathan Kolatch's portfolio value rose 23% quarter-over-quarter to $827M.
Based on Redwood Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.