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
|
+$34.8M |
| 2 |
Telephone and Data Systems
TDS
|
+$10.5M |
| 3 |
Mercer International
MERC
|
+$6.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
US Steel
X
|
+$150M |
| 2 |
AerCap
AER
|
+$23.2M |
| 3 |
American Public Education
APEI
|
+$11.2M |
| 4 |
Astronics
ATRO
|
+$5.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 48.78% |
| 2 | Industrials | 29.96% |
| 3 | Miscellaneous | 11.35% |
| 4 | Consumer Staples | 3.9% |
| 5 | Consumer Discretionary | 2.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
EchoStar
ECHO
$25.9B
| $220M | 39.97% |
7,944,841
+1,584,857
| +25% | +$34.8M |
2024 Q1
5 quarters
|
|
|
2
AerCap
AER
$22.9B
| $165M | 29.96% |
1,409,863
-215,000
| -13% | -$23.2M |
2021 Q3
15 quarters
|
|
|
3
Telephone and Data Systems
TDS
$4.07B
| $31M | 5.62% |
870,213
+300,000
| +53% | +$10.5M |
2025 Q1
1 quarter
|
|
|
4
American Public Education
APEI
$893M
| $21.5M | 3.9% |
705,379
-421,876
| -37% | -$11.2M |
2021 Q2
16 quarters
|
|
5
Optimum Communications Inc
OPTU
$252M
| $17.5M | 3.18% |
8,189,270
| – | – |
2021 Q3
15 quarters
|
|
|
6
Mercer International
MERC
$9.34M
| $11.8M | 2.14% |
3,368,840
+1,656,115
| +97% | +$6.85M |
2013 Q2
48 quarters
|
|
7
Caesars Entertainment
CZR
$5.87B
| $9.08M | 1.65% |
320,000
| – | – |
2024 Q1
5 quarters
|
|
8
Studio City International Holdings
MSC
$153M
| $7.19M | 1.31% |
3,239,073
| – | – |
2018 Q4
26 quarters
|
|
9
CBL Properties
CBL
$1.54B
| $2.99M | 0.54% |
117,613
| – | – |
2021 Q4
14 quarters
|
|
10
eHealth
EHTH
$17M
| $2.03M | 0.37% |
467,395
| – | – |
2024 Q3
3 quarters
|
|
|
11
Astronics
ATRO
$2.49B
| – | – |
-271,072
| Closed | -$5.46M | – |
|
|
12
DELISTED
US Steel
X
| – | – |
-3,540,422
| Closed | -$150M | – |
|
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Jonathan Kolatch's Q2 2025 Portfolio in Review
As of Q2 2025, Jonathan Kolatch held 13 positions worth $551M, down 18% from $670M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Jonathan Kolatch withdrew a net $221M in Q2 2025, closing 2 positions and reducing 2 holdings. Its most notable exit was US Steel, an estimated $150M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 49% of assets, up from 31% a quarter earlier, followed by Industrials and Miscellaneous.
Against the trend, Jonathan Kolatch added an estimated $34.8M to EchoStar.
- Jonathan Kolatch added most to EchoStar in Q2 2025, an estimated $34.8M increase.
- Jonathan Kolatch's biggest Q2 2025 reduction was AerCap, cutting an estimated $23.2M.
- Jonathan Kolatch fully exited US Steel in Q2 2025, selling an estimated $150M.
- Jonathan Kolatch's ten largest holdings make up 100% of its $551M portfolio in Q2 2025.
- Jonathan Kolatch opened 0 new positions and closed 2 in Q2 2025.
- Jonathan Kolatch's portfolio value fell 18% quarter-over-quarter to $551M.
Based on Redwood Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.