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 |
US Steel
X
|
+$11.9M |
| 2 |
eHealth
EHTH
|
+$758K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Loma Negra
LOMA
|
+$11.3M |
| 2 |
Telecom Argentina
TEO
|
+$2.46M |
| 3 |
American Public Education
APEI
|
+$2.31M |
| 4 |
OPI
Office Properties Income Trust
OPI
|
+$999K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 30.9% |
| 2 | Communication Services | 25.98% |
| 3 | Miscellaneous | 23.3% |
| 4 | Materials | 8.62% |
| 5 | Consumer Discretionary | 7.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
AerCap
AER
$25.8B
| $203M | 30.9% |
2,142,023
| – | – |
2021 Q3
12 quarters
|
|
2
EchoStar
ECHO
$27.5B
| $147M | 22.36% |
5,915,934
| – | – |
2024 Q1
2 quarters
|
|
|
3
Loma Negra
LOMA
$1.02B
| $23.3M | 3.55% |
2,895,296
-1,595,190
| -36% | -$11.3M |
2019 Q4
19 quarters
|
|
|
4
DELISTED
US Steel
X
| $21.6M | 3.3% |
612,500
+312,500
| +104% | +$11.9M |
2024 Q1
2 quarters
|
|
5
Carnival Corporation Ltd
CCL
$39.8B
| $20.8M | 3.16% |
1,124,260
| – | – |
2020 Q4
15 quarters
|
|
6
Optimum Communications Inc
OPTU
$287M
| $20.1M | 3.07% |
8,189,270
| – | – |
2021 Q3
12 quarters
|
|
|
7
American Public Education
APEI
$682M
| $18.6M | 2.83% |
1,260,979
-141,103
| -10% | -$2.31M |
2021 Q2
13 quarters
|
|
8
Studio City International Holdings
MSC
$189M
| $17.2M | 2.61% |
3,268,921
| – | – |
2018 Q4
23 quarters
|
|
9
Caesars Entertainment
CZR
$5.96B
| $13.4M | 2.03% |
320,000
| – | – |
2024 Q1
2 quarters
|
|
10
Mercer International
MERC
$17.4M
| $11.6M | 1.77% |
1,712,725
| – | – |
2013 Q2
45 quarters
|
|
11
Nebius Group N.V.
NBIS
$35.2B
| $3.59M | 0.55% |
387,585
| – | – |
2024 Q1
2 quarters
|
|
12
CBL Properties
CBL
$1.46B
| $2.96M | 0.45% |
117,613
| – | – |
2021 Q4
11 quarters
|
|
|
13
eHealth
EHTH
$15.2M
| $716K | 0.11% |
+175,405
| New | +$758K |
2024 Q3
0 quarters
|
|
|
OPI
14
DELISTED
Office Properties Income Trust
OPI
| – | – |
-489,684
| Closed | -$999K | – |
|
|
15
Telecom Argentina
TEO
$4.29B
| – | – |
-340,428
| Closed | -$2.46M | – |
|
Similar funds
Jonathan Kolatch's Q3 2024 Portfolio in Review
As of Q3 2024, Jonathan Kolatch held 17 positions worth $657M, up 0.94% from $650M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Jonathan Kolatch withdrew a net $130M in Q3 2024, closing 2 positions and reducing 2 holdings. Its most notable exit was Telecom Argentina, an estimated $2.46M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 31% of assets, up from 31% a quarter earlier, followed by Communication Services and Miscellaneous.
Against the trend, Jonathan Kolatch opened a new position in eHealth worth $716K.
- Jonathan Kolatch's largest Q3 2024 buy was eHealth: 175,405 shares worth $716K.
- Jonathan Kolatch added most to US Steel in Q3 2024, an estimated $11.9M increase.
- Jonathan Kolatch's biggest Q3 2024 reduction was Loma Negra, cutting an estimated $11.3M.
- Jonathan Kolatch fully exited Telecom Argentina in Q3 2024, selling an estimated $2.46M.
- Jonathan Kolatch's ten largest holdings make up 95% of its $657M portfolio in Q3 2024.
- Jonathan Kolatch opened 1 new position and closed 2 in Q3 2024.
- Jonathan Kolatch's portfolio value rose 0.94% quarter-over-quarter to $657M.
Based on Redwood Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.