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
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VMW
VMware, Inc
VMW
|
+$19.8M |
| 2 |
Carnival Corporation Ltd
CCL
|
+$14.1M |
| 3 |
MGIC Investment
MTG
|
+$13M |
| 4 |
Dole
DOLE
|
+$3.52M |
| 5 |
Vroom Inc
VRM
|
+$432K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 27.83% |
| 2 | Miscellaneous | 15.92% |
| 3 | Communication Services | 13.16% |
| 4 | Materials | 9.72% |
| 5 | Consumer Discretionary | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
AerCap
AER
$25.1B
| $134M | 25.21% |
2,142,023
| – | – |
2021 Q3
8 quarters
|
|
2
Optimum Communications Inc
OPTU
$270M
| $52.4M | 9.84% |
16,024,591
| – | – |
2021 Q3
8 quarters
|
|
3
Loma Negra
LOMA
$1.04B
| $35.4M | 6.65% |
5,873,428
| – | – |
2019 Q4
15 quarters
|
|
4
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $29.3M | 5.51% |
3,130,760
| – | – |
2018 Q4
19 quarters
|
|
5
Ally Financial
ALLY
$11.9B
| $28.7M | 5.4% |
1,077,568
| – | – |
2016 Q2
29 quarters
|
|
|
6
Dole
DOLE
$1.3B
| $22.6M | 4.25% |
1,955,748
-282,054
| -13% | -$3.52M |
2021 Q3
8 quarters
|
|
|
VMW
7
DELISTED
VMware, Inc
VMW
| $20.5M | 3.86% |
123,315
-123,316
| -50% | -$19.8M |
2023 Q1
2 quarters
|
|
8
Citigroup
C
$205B
| $17.7M | 3.33% |
430,500
| – | – |
2013 Q2
41 quarters
|
|
9
Telecom Argentina
TEO
$4.48B
| $17.2M | 3.23% |
3,585,329
| – | – |
2013 Q2
41 quarters
|
|
10
Studio City International Holdings
MSC
$198M
| $16.4M | 3.09% |
3,268,870
| – | – |
2018 Q4
19 quarters
|
|
11
Mercer International
MERC
$16.5M
| $16.3M | 3.06% |
1,901,159
| – | – |
2013 Q2
41 quarters
|
|
12
Adient
ADNT
$1.3B
| $15.6M | 2.92% |
424,280
| – | – |
2020 Q1
14 quarters
|
|
|
13
Carnival Corporation Ltd
CCL
$42B
| $15.4M | 2.9% |
1,124,260
-850,000
| -43% | -$14.1M |
2020 Q4
11 quarters
|
|
14
DELISTED
Spirit AeroSystems
SPR
| $13.9M | 2.62% |
864,079
| – | – |
2021 Q1
10 quarters
|
|
15
American Public Education
APEI
$801M
| $7.03M | 1.32% |
1,411,882
| – | – |
2021 Q2
9 quarters
|
|
16
CBL Properties
CBL
$1.54B
| $2.43M | 0.46% |
115,946
| – | – |
2021 Q4
7 quarters
|
|
17
Expand Energy Corp
EXE
$20.2B
| $1.62M | 0.3% |
18,824
| – | – |
2021 Q3
8 quarters
|
|
18
DELISTED
Clear Channel Outdoor Holdings
CCO
| $507K | 0.1% |
321,006
| – | – |
2019 Q2
17 quarters
|
|
|
CURO
19
DELISTED
CURO Group Holdings Corp.
CURO
| $129K | 0.02% |
123,172
| – | – |
2018 Q4
19 quarters
|
|
|
20
MGIC Investment
MTG
$5.97B
| – | – |
-820,705
| Closed | -$13M | – |
|
|
21
Vroom Inc
VRM
$36.6M
| – | – |
-3,750
| Closed | -$432K | – |
|
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Jonathan Kolatch's Q3 2023 Portfolio in Review
As of Q3 2023, Jonathan Kolatch held 25 positions worth $532M, down 22% from $682M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Jonathan Kolatch withdrew a net $166M in Q3 2023, closing 2 positions and reducing 3 holdings. Its most notable exit was MGIC Investment, an estimated $13M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 24% a quarter earlier, followed by Miscellaneous and Communication Services.
- Jonathan Kolatch's biggest Q3 2023 reduction was VMware, Inc, cutting an estimated $19.8M.
- Jonathan Kolatch fully exited MGIC Investment in Q3 2023, selling an estimated $13M.
- Jonathan Kolatch's ten largest holdings make up 77% of its $532M portfolio in Q3 2023.
- Jonathan Kolatch opened 0 new positions and closed 2 in Q3 2023.
- Jonathan Kolatch's portfolio value fell 22% quarter-over-quarter to $532M.
Based on Redwood Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.