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 |
Optimum Communications Inc
OPTU
|
+$28.2M |
| 2 |
Ally Financial
ALLY
|
+$26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vornado Realty Trust
VNO
|
+$14.3M |
| 2 |
Enact Holdings
ACT
|
+$11.5M |
| 3 |
StealthGas
GASS
|
+$4.54M |
| 4 |
Dole
DOLE
|
+$3.9M |
| 5 |
American Public Education
APEI
|
+$2.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 23.64% |
| 2 | Miscellaneous | 21.97% |
| 3 | Consumer Discretionary | 11.16% |
| 4 | Communication Services | 10.36% |
| 5 | Financials | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
AerCap
AER
$22.9B
| $136M | 19.95% |
2,142,023
| – | – |
2021 Q3
7 quarters
|
|
|
2
Optimum Communications Inc
OPTU
$252M
| $48.4M | 7.09% |
16,024,591
+9,934,099
| +163% | +$28.2M |
2021 Q3
7 quarters
|
|
3
Loma Negra
LOMA
$1.14B
| $39.9M | 5.86% |
5,873,428
| – | – |
2019 Q4
14 quarters
|
|
4
Carnival Corporation Ltd
CCL
$35.1B
| $37.2M | 5.45% |
1,974,260
| – | – |
2020 Q4
10 quarters
|
|
|
VMW
5
DELISTED
VMware, Inc
VMW
| $35.4M | 5.2% |
246,631
| – | – |
2023 Q1
1 quarter
|
|
|
6
Dole
DOLE
$1.27B
| $30.3M | 4.44% |
2,237,802
-304,123
| -12% | -$3.9M |
2021 Q3
7 quarters
|
|
7
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $29.9M | 4.39% |
3,130,760
| – | – |
2018 Q4
18 quarters
|
|
|
8
Ally Financial
ALLY
$11.9B
| $29.1M | 4.27% |
1,077,568
+977,568
| +978% | +$26M |
2016 Q2
28 quarters
|
|
9
DELISTED
Spirit AeroSystems
SPR
| $25.2M | 3.7% |
864,079
| – | – |
2021 Q1
9 quarters
|
|
10
Studio City International Holdings
MSC
$153M
| $22.7M | 3.33% |
3,268,870
-4,028
| -0.1% | -$27.4K |
2018 Q4
18 quarters
|
|
11
Telecom Argentina
TEO
$5.56B
| $21.8M | 3.2% |
3,585,329
| – | – |
2013 Q2
40 quarters
|
|
12
Citigroup
C
$202B
| $19.8M | 2.91% |
430,500
| – | – |
2013 Q2
40 quarters
|
|
13
Adient
ADNT
$1.28B
| $16.3M | 2.38% |
424,280
| – | – |
2020 Q1
13 quarters
|
|
14
Mercer International
MERC
$9.34M
| $15.3M | 2.25% |
1,901,159
| – | – |
2013 Q2
40 quarters
|
|
15
MGIC Investment
MTG
$5.91B
| $13M | 1.9% |
820,705
| – | – |
2020 Q3
11 quarters
|
|
|
16
American Public Education
APEI
$893M
| $6.69M | 0.98% |
1,411,882
-440,310
| -24% | -$2.4M |
2021 Q2
8 quarters
|
|
17
CBL Properties
CBL
$1.54B
| $2.56M | 0.37% |
115,946
| – | – |
2021 Q4
6 quarters
|
|
18
Expand Energy Corp
EXE
$21.6B
| $1.58M | 0.23% |
18,824
| – | – |
2021 Q3
7 quarters
|
|
19
DELISTED
Clear Channel Outdoor Holdings
CCO
| $440K | 0.06% |
321,006
| – | – |
2019 Q2
16 quarters
|
|
20
Vroom Inc
VRM
$42.5M
| $432K | 0.06% |
3,750
| – | – |
2021 Q4
6 quarters
|
|
|
CURO
21
DELISTED
CURO Group Holdings Corp.
CURO
| $166K | 0.02% |
123,172
| – | – |
2018 Q4
18 quarters
|
|
|
22
Enact Holdings
ACT
$6.58B
| – | – |
-500,896
| Closed | -$11.5M | – |
|
23
DELISTED
American Woodmark
AMWD
| – | – |
-30,000
| Closed | -$1.56M | – |
|
|
24
StealthGas
GASS
$311M
| – | – |
-1,740,278
| Closed | -$4.54M | – |
|
|
25
Vornado Realty Trust
VNO
$6.5B
| – | – |
-931,901
| Closed | -$14.3M | – |
|
Similar funds
Jonathan Kolatch's Q2 2023 Portfolio in Review
As of Q2 2023, Jonathan Kolatch held 32 positions worth $682M, up 0.89% from $676M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Jonathan Kolatch withdrew a net $116M in Q2 2023, closing 4 positions and reducing 3 holdings. Its most notable exit was Vornado Realty Trust, an estimated $14.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 23% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
Against the trend, Jonathan Kolatch added an estimated $28.2M to Optimum Communications Inc.
- Jonathan Kolatch added most to Optimum Communications Inc in Q2 2023, an estimated $28.2M increase.
- Jonathan Kolatch's biggest Q2 2023 reduction was Dole, cutting an estimated $3.9M.
- Jonathan Kolatch fully exited Vornado Realty Trust in Q2 2023, selling an estimated $14.3M.
- Jonathan Kolatch's ten largest holdings make up 72% of its $682M portfolio in Q2 2023.
- Jonathan Kolatch opened 0 new positions and closed 4 in Q2 2023.
- Jonathan Kolatch's portfolio value rose 0.89% quarter-over-quarter to $682M.
Based on Redwood Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.