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 |
CBL Properties
CBL
|
+$37.2K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equitrans Midstream Corporation Common Stock
ETRN
|
+$29.3M |
| 2 |
VMW
VMware, Inc
VMW
|
+$20.5M |
| 3 |
Optimum Communications Inc
OPTU
|
+$14.8M |
| 4 |
Spirit AeroSystems
SPR
|
+$13.9M |
| 5 |
Citigroup
C
|
+$5.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 28.83% |
| 2 | Miscellaneous | 21.96% |
| 3 | Communication Services | 10.83% |
| 4 | Materials | 10.8% |
| 5 | Consumer Discretionary | 10.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
AerCap
AER
$26.7B
| $159M | 28.83% |
2,142,023
| – | – |
2021 Q3
9 quarters
|
|
2
Loma Negra
LOMA
$1.02B
| $41.6M | 7.54% |
5,873,428
| – | – |
2019 Q4
16 quarters
|
|
3
Ally Financial
ALLY
$11.4B
| $37.6M | 6.81% |
1,077,568
| – | – |
2016 Q2
30 quarters
|
|
|
4
Optimum Communications Inc
OPTU
$254M
| $33.8M | 6.11% |
10,389,270
-5,635,321
| -35% | -$14.8M |
2021 Q3
9 quarters
|
|
5
Telecom Argentina
TEO
$4.53B
| $25.5M | 4.61% |
3,560,482
-24,847
| -0.7% | -$159K |
2013 Q2
42 quarters
|
|
6
Dole
DOLE
$1.31B
| $24M | 4.35% |
1,955,748
| – | – |
2021 Q3
9 quarters
|
|
7
Studio City International Holdings
MSC
$192M
| $21.2M | 3.84% |
3,268,870
| – | – |
2018 Q4
20 quarters
|
|
8
Carnival Corporation Ltd
CCL
$41.4B
| $20.8M | 3.77% |
1,124,260
| – | – |
2020 Q4
12 quarters
|
|
9
Mercer International
MERC
$15.4M
| $18M | 3.26% |
1,901,159
| – | – |
2013 Q2
42 quarters
|
|
10
Adient
ADNT
$1.2B
| $15.4M | 2.79% |
424,280
| – | – |
2020 Q1
15 quarters
|
|
|
11
Citigroup
C
$206B
| $15.2M | 2.75% |
295,680
-134,820
| -31% | -$5.97M |
2013 Q2
42 quarters
|
|
12
American Public Education
APEI
$794M
| $13.6M | 2.47% |
1,411,882
| – | – |
2021 Q2
10 quarters
|
|
|
13
CBL Properties
CBL
$1.63B
| $2.87M | 0.52% |
117,613
+1,667
| +1% | +$37.2K |
2021 Q4
8 quarters
|
|
14
Expand Energy Corp
EXE
$20.4B
| $1.45M | 0.26% |
18,824
| – | – |
2021 Q3
9 quarters
|
|
15
DELISTED
Clear Channel Outdoor Holdings
CCO
| $584K | 0.11% |
321,006
| – | – |
2019 Q2
18 quarters
|
|
|
CURO
16
DELISTED
CURO Group Holdings Corp.
CURO
| $79.1K | 0.01% |
98,912
-24,260
| -20% | -$19.4K |
2018 Q4
20 quarters
|
|
|
17
DELISTED
Spirit AeroSystems
SPR
| – | – |
-864,079
| Closed | -$13.9M | – |
|
|
18
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| – | – |
-3,130,760
| Closed | -$29.3M | – |
|
|
VMW
19
DELISTED
VMware, Inc
VMW
| – | – |
-123,315
| Closed | -$20.5M | – |
|
Similar funds
Jonathan Kolatch's Q4 2023 Portfolio in Review
As of Q4 2023, Jonathan Kolatch held 22 positions worth $552M, up 3.7% from $532M the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Jonathan Kolatch withdrew a net $146M in Q4 2023, closing 3 positions and reducing 4 holdings. Its most notable exit was Equitrans Midstream Corporation Common Stock, an estimated $29.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 29% of assets, up from 28% a quarter earlier, followed by Miscellaneous and Communication Services.
Against the trend, Jonathan Kolatch added an estimated $37.2K to CBL Properties.
- Jonathan Kolatch added most to CBL Properties in Q4 2023, an estimated $37.2K increase.
- Jonathan Kolatch's biggest Q4 2023 reduction was Optimum Communications Inc, cutting an estimated $14.8M.
- Jonathan Kolatch fully exited Equitrans Midstream Corporation Common Stock in Q4 2023, selling an estimated $29.3M.
- Jonathan Kolatch's ten largest holdings make up 88% of its $552M portfolio in Q4 2023.
- Jonathan Kolatch opened 0 new positions and closed 3 in Q4 2023.
- Jonathan Kolatch's portfolio value rose 3.7% quarter-over-quarter to $552M.
Based on Redwood Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.