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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
+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
Cap. Flow
-$111M
Cap. Flow %
-13.38%
Top 10 Hldgs %
63.24%
Holding
42
New
–
Increased
2
Reduced
4
Closed
5

Top Buys

Rank Stock Value
1
OPTU
Optimum Communications Inc
OPTU
+$21.9M
2
ALLY icon
Ally Financial
ALLY
+$18.1M

Top Sells

Rank Stock Value
1
BFH icon
Bread Financial
BFH
+$22M
2
AER icon
AerCap
AER
+$18.3M
3
C icon
Citigroup
C
+$6.81M
4
SVC
Service Properties Trust
SVC
+$4.84M
5
META icon
Meta Platforms (Facebook)
META
+$4.07M

Sector Composition

Rank Sector Weight
1 Industrials 20.32%
2 Communication Services 11.43%
3 Financials 10.21%
4 Consumer Discretionary 9.1%
5 Materials 7.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AER icon
1
AerCap
AER
$23B
$125M 15.09%
2,138,645
-330,980
-13% -$18.3M
OPTU
2
Optimum Communications Inc
OPTU
$323M
$70.3M 8.51%
15,289,699
+4,450,000
+41% +$21.9M
LOMA
3
Loma Negra
LOMA
$1.09B
$40.2M 4.87%
5,873,428
– –
ADNT icon
4
Adient
ADNT
$1.54B
$38.3M 4.63%
1,104,134
– –
MMM icon
5
PUT
3M
MMM
$92.3B
$36M 4.35%
358,800
– –
SPR
6
DELISTED
Spirit AeroSystems
SPR
$35.9M 4.35%
1,214,079
– –
C icon
7
Citigroup
C
$221B
$33.5M 4.05%
740,000
-150,000
-17% -$6.81M
ALLY icon
8
Ally Financial
ALLY
$13.1B
$26.3M 3.19%
1,077,568
+679,983
+171% +$18.1M
DOLE icon
9
Dole
DOLE
$1.26B
$24.7M 2.99%
2,557,687
– –
APEI icon
10
American Public Education
APEI
$835M
$22.8M 2.75%
1,852,192
– –
MERC icon
11
Mercer International
MERC
$28.5M
$22.1M 2.68%
1,901,159
– –
ETRN
12
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$21M 2.54%
3,130,760
– –
TEO icon
13
Telecom Argentina
TEO
$5.66B
$19.5M 2.36%
3,585,329
– –
MSC
14
Studio City International Holdings
MSC
$356M
$19.5M 2.36%
3,275,911
– –
THC icon
15
Tenet Healthcare
THC
$22.6B
$19.5M 2.36%
399,138
– –
VNO icon
16
Vornado Realty Trust
VNO
$7.07B
$19.4M 2.35%
931,901
– –
CCL icon
17
Carnival Corporation Ltd
CCL
$35.2B
$15.9M 1.93%
1,974,260
– –
ACT icon
18
Enact Holdings
ACT
$6.76B
$13.2M 1.59%
545,485
-163,243
-23% -$3.98M
MTG icon
19
MGIC Investment
MTG
$6.34B
$10.7M 1.29%
820,705
– –
GASS icon
20
StealthGas
GASS
$358M
$5.67M 0.69%
2,116,109
-288,778
-12% -$865K
STGW icon
21
Stagwell
STGW
$2.13B
$4.24M 0.51%
682,708
– –
CBL
22
CBL Properties
CBL
$1.71B
$2.68M 0.32%
115,946
– –
EXE
23
Expand Energy Corp
EXE
$22.2B
$1.78M 0.21%
18,824
– –
HRI icon
24
Herc Holdings
HRI
$5.41B
$1.64M 0.2%
12,500
– –
AMWD
25
DELISTED
American Woodmark
AMWD
$1.47M 0.18%
30,000
– –
1
2

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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 Industrials at 20% of assets, down from 21% a quarter earlier, followed by Communication Services and Financials.

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.