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 |
EchoStar
ECHO
|
+$24M |
| 2 |
US Steel
X
|
+$3.82M |
| 3 |
Caesars Entertainment
CZR
|
+$3.76M |
| 4 |
OPI
Office Properties Income Trust
OPI
|
+$1.06M |
| 5 |
Studio City International Holdings
MSC
|
+$381 |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ally Financial
ALLY
|
+$39.7M |
| 2 |
Dole
DOLE
|
+$23.3M |
| 3 |
Citigroup
C
|
+$18.7M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$17.2M |
| 5 |
Telecom Argentina
TEO
|
+$16.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 30.69% |
| 2 | Miscellaneous | 28.47% |
| 3 | Communication Services | 19.68% |
| 4 | Materials | 8.66% |
| 5 | Consumer Discretionary | 8.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
AerCap
AER
$22.9B
| $200M | 30.69% |
2,142,023
| – | – |
2021 Q3
11 quarters
|
|
|
2
EchoStar
ECHO
$25.9B
| $105M | 16.2% |
5,915,934
+1,446,049
| +32% | +$24M |
2024 Q1
1 quarter
|
|
3
Loma Negra
LOMA
$1.14B
| $30.4M | 4.67% |
4,490,486
-1,382,942
| -24% | -$9.8M |
2019 Q4
18 quarters
|
|
4
American Public Education
APEI
$893M
| $24.6M | 3.79% |
1,402,082
-9,800
| -0.7% | -$154K |
2021 Q2
12 quarters
|
|
5
Carnival Corporation Ltd
CCL
$35.1B
| $21M | 3.24% |
1,124,260
| – | – |
2020 Q4
14 quarters
|
|
|
6
Studio City International Holdings
MSC
$153M
| $19.1M | 2.94% |
3,268,921
+51
| +0% | +$381 |
2018 Q4
22 quarters
|
|
7
Optimum Communications Inc
OPTU
$252M
| $16.7M | 2.57% |
8,189,270
| – | – |
2021 Q3
11 quarters
|
|
8
Mercer International
MERC
$9.34M
| $14.6M | 2.25% |
1,712,725
-188,434
| -10% | -$1.82M |
2013 Q2
44 quarters
|
|
|
9
Caesars Entertainment
CZR
$5.87B
| $12.7M | 1.96% |
320,000
+100,000
| +45% | +$3.76M |
2024 Q1
1 quarter
|
|
|
10
DELISTED
US Steel
X
| $11.3M | 1.74% |
300,000
+100,000
| +50% | +$3.82M |
2024 Q1
1 quarter
|
|
11
Nebius Group N.V.
NBIS
$43.2B
| $3.47M | 0.53% |
387,585
| – | – |
2024 Q1
1 quarter
|
|
12
CBL Properties
CBL
$1.54B
| $2.75M | 0.42% |
117,613
| – | – |
2021 Q4
10 quarters
|
|
|
13
Telecom Argentina
TEO
$5.56B
| $2.46M | 0.38% |
340,428
-2,091,442
| -86% | -$16.7M |
2013 Q2
44 quarters
|
|
|
OPI
14
DELISTED
Office Properties Income Trust
OPI
| $999K | 0.15% |
+489,684
| New | +$1.06M |
2024 Q2
0 quarters
|
|
|
15
Ally Financial
ALLY
$11.9B
| – | – |
-977,568
| Closed | -$39.7M | – |
|
|
16
Citigroup
C
$202B
| – | – |
-295,680
| Closed | -$18.7M | – |
|
|
17
Dole
DOLE
$1.27B
| – | – |
-1,955,748
| Closed | -$23.3M | – |
|
|
18
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| – | – |
-32,923
| Closed | -$17.2M | – |
|
Similar funds
Jonathan Kolatch's Q2 2024 Portfolio in Review
As of Q2 2024, Jonathan Kolatch held 21 positions worth $650M, down 8.3% from $710M the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Jonathan Kolatch withdrew a net $272M in Q2 2024, closing 4 positions and reducing 4 holdings. Its most notable exit was Ally Financial, an estimated $39.7M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 31% of assets, up from 26% a quarter earlier, followed by Miscellaneous and Communication Services.
Against the trend, Jonathan Kolatch opened a new position in Office Properties Income Trust worth $999K.
- Jonathan Kolatch's largest Q2 2024 buy was Office Properties Income Trust: 489,684 shares worth $999K.
- Jonathan Kolatch added most to EchoStar in Q2 2024, an estimated $24M increase.
- Jonathan Kolatch's biggest Q2 2024 reduction was Telecom Argentina, cutting an estimated $16.7M.
- Jonathan Kolatch fully exited Ally Financial in Q2 2024, selling an estimated $39.7M.
- Jonathan Kolatch's ten largest holdings make up 93% of its $650M portfolio in Q2 2024.
- Jonathan Kolatch opened 1 new position and closed 4 in Q2 2024.
- Jonathan Kolatch's portfolio value fell 8.3% quarter-over-quarter to $650M.
Based on Redwood Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.