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 |
Elevance Health
ELV
|
+$10.9M |
| 2 |
Molina Healthcare
MOH
|
+$8.48M |
| 3 |
Caesars Entertainment
CZR
|
+$2.25M |
| 4 |
American Express Global Business Travel
GBTG
|
+$8 |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EchoStar
ECHO
|
+$271M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 31.68% |
| 2 | Industrials | 20.08% |
| 3 | Consumer Discretionary | 19.85% |
| 4 | Miscellaneous | 19.34% |
| 5 | Healthcare | 7.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
EchoStar
ECHO
$29.7B
| $247M | 26.39% |
2,267,787
-3,332,012
| -60% | -$271M |
2024 Q1
7 quarters
|
|
2
AerCap
AER
$26.8B
| $188M | 20.08% |
1,304,863
| – | – |
2021 Q3
17 quarters
|
|
|
3
DELISTED
American Express Global Business Travel
GBTG
| $164M | 17.57% |
21,453,816
+1
| +0% | +$8 |
2025 Q3
1 quarter
|
|
4
Telephone and Data Systems
TDS
$3.41B
| $35.9M | 3.85% |
876,580
| – | – |
2025 Q1
3 quarters
|
|
|
5
Elevance Health
ELV
$93.4B
| $29.7M | 3.18% |
84,800
+32,300
| +62% | +$10.9M |
2025 Q3
1 quarter
|
|
|
6
Molina Healthcare
MOH
$10.9B
| $19.1M | 2.04% |
110,000
+51,600
| +88% | +$8.48M |
2025 Q3
1 quarter
|
|
7
Optimum Communications Inc
OPTU
$246M
| $13.5M | 1.45% |
8,189,270
| – | – |
2021 Q3
17 quarters
|
|
8
Studio City International Holdings
MSC
$212M
| $11.5M | 1.23% |
3,239,073
| – | – |
2018 Q4
28 quarters
|
|
|
9
Caesars Entertainment
CZR
$5.97B
| $9.8M | 1.05% |
420,000
+100,000
| +31% | +$2.25M |
2024 Q1
7 quarters
|
|
10
Mercer International
MERC
$18.7M
| $9.2M | 0.99% |
4,648,133
| – | – |
2013 Q2
50 quarters
|
|
11
UnitedHealth
UNH
$362B
| $9.08M | 0.97% |
27,500
| – | – |
2025 Q3
1 quarter
|
|
12
Centene
CNC
$34.8B
| $8.58M | 0.92% |
208,500
| – | – |
2025 Q3
1 quarter
|
|
13
CBL Properties
CBL
$1.68B
| $4.35M | 0.47% |
117,613
| – | – |
2021 Q4
16 quarters
|
|
14
eHealth
EHTH
$14.1M
| $2.15M | 0.23% |
467,395
| – | – |
2024 Q3
5 quarters
|
|
15
DELISTED
GoHealth
GOCO
| $1.99M | 0.21% |
924,244
| – | – |
2025 Q3
1 quarter
|
|
16
American Public Education
APEI
$771M
| $378K | 0.04% |
10,000
| – | – |
2021 Q2
18 quarters
|
|
Similar funds
Jonathan Kolatch's Q4 2025 Portfolio in Review
As of Q4 2025, Jonathan Kolatch held 17 positions worth $934M, down 9.5% from $1.03B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Jonathan Kolatch withdrew a net $383M in Q4 2025, reducing 1 holding. Its largest reduction was EchoStar, cutting an estimated $271M.
By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 47% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Jonathan Kolatch added an estimated $10.9M to Elevance Health.
- Jonathan Kolatch added most to Elevance Health in Q4 2025, an estimated $10.9M increase.
- Jonathan Kolatch's biggest Q4 2025 reduction was EchoStar, cutting an estimated $271M.
- Jonathan Kolatch's ten largest holdings make up 96% of its $934M portfolio in Q4 2025.
- Jonathan Kolatch opened 0 new positions and closed 0 in Q4 2025.
- Jonathan Kolatch's portfolio value fell 9.5% quarter-over-quarter to $934M.
Based on Redwood Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.