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RGC

Redwood Grove Capital Portfolio holdings

AUM $395M
1-Year Est. Return 53.96%
This Fund
S&P 500
This Quarter Est. Return
+8.74%
1 Year Est. Return
+53.96%
3 Year Est. Return
+79.82%
5 Year Est. Return
+84.02%
10 Year Est. Return
–
AUM
$236M
AUM Growth
+$26.3M
Cap. Flow
+$14M
Cap. Flow %
5.93%
Top 10 Hldgs %
50.68%
Holding
29
New
2
Increased
7
Reduced
7
Closed
2
Avg Time Held
7.3 quarters
Top 10 Avg Time Held
4.3 quarters
Top 20 Avg Time Held
6.1 quarters

Top Buys

Rank Stock Value
1
WRK
WestRock Company
WRK
+$11.1M
2
XIFR
XPLR Infrastructure LP
XIFR
+$9.83M
3
ZWS icon
Zurn Elkay Water Solutions
ZWS
+$5.67M
4
PYPL icon
PayPal
PYPL
+$2.58M
5
JWN
Nordstrom
JWN
+$2.35M

Top Sells

Rank Stock Value
1
LBTYK icon
Liberty Global Class C
LBTYK
+$6.38M
2
FLEX icon
Flex
FLEX
+$4.72M
3
ARRY icon
Array Technologies
ARRY
+$4M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$2.95M
5
MRK icon
Merck
MRK
+$2.27M

Sector Composition

Rank Sector Weight
1 Technology 22.03%
2 Financials 20.43%
3 Industrials 17.88%
4 Healthcare 15.11%
5 Consumer Discretionary 13.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
RILY icon
1
BRC Group Holdings
RILY
$204M
$16.5M 7%
359,576
+63,402
+21% +$2.23M
2020 Q4
10 quarters
WRK
2
DELISTED
WestRock Company
WRK
$13.5M 5.72%
464,998
+380,918
+453% +$11.1M
2023 Q1
1 quarter
GNRC icon
3
Generac Holdings
GNRC
$13.2B
$13.5M 5.72%
90,600
+18,600
+26% +$2.12M
2022 Q3
3 quarters
URI icon
4
United Rentals
URI
$65.4B
$12.1M 5.1%
27,059
– –
2020 Q4
10 quarters
QCOM icon
5
Qualcomm
QCOM
$185B
$12M 5.07%
100,600
-8,000
-7% -$920K
2020 Q4
10 quarters
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.25T
$11.4M 4.84%
94,500
-25,500
-21% -$2.95M
2020 Q4
10 quarters
PYPL icon
7
PayPal
PYPL
$47.1B
$10.3M 4.37%
154,890
+37,883
+32% +$2.58M
2022 Q1
5 quarters
JWN
8
DELISTED
Nordstrom
JWN
$10.3M 4.37%
504,227
+140,000
+38% +$2.35M
2020 Q4
10 quarters
FISV
9
Fiserv Inc
FISV
$24.3B
$10.2M 4.3%
80,498
-15,600
-16% -$1.84M
2021 Q1
9 quarters
WDC icon
10
Western Digital
WDC
$146B
$9.9M 4.19%
345,294
– –
2020 Q4
10 quarters
MRK icon
11
Merck
MRK
$356B
$9.66M 4.09%
83,700
-20,000
-19% -$2.27M
2021 Q1
9 quarters
XIFR
12
XPLR Infrastructure LP
XIFR
$980M
$9.59M 4.06%
+163,497
New +$9.83M
2023 Q2
0 quarters
CTLT
13
DELISTED
CATALENT, INC.
CTLT
$9.56M 4.05%
220,556
+49,101
+29% +$2.16M
2022 Q4
2 quarters
AXP icon
14
American Express
AXP
$207B
$8.84M 3.74%
50,747
– –
2020 Q4
10 quarters
BAC icon
15
Bank of America
BAC
$375B
$8.77M 3.71%
305,700
– –
2020 Q4
10 quarters
AMGN icon
16
Amgen
AMGN
$222B
$8.59M 3.64%
38,687
-5,610
-13% -$1.3M
2020 Q4
10 quarters
SNY icon
17
Sanofi
SNY
$96.4B
$7.9M 3.34%
146,544
– –
2020 Q4
10 quarters
ARRY icon
18
Array Technologies
ARRY
$558M
$7.58M 3.21%
335,577
-187,073
-36% -$4M
2021 Q2
8 quarters
BABA icon
19
Alibaba
BABA
$274B
$7.28M 3.08%
87,340
– –
2021 Q1
9 quarters
ZWS icon
20
Zurn Elkay Water Solutions
ZWS
$7.71B
$6.7M 2.83%
+248,979
New +$5.67M
2023 Q2
0 quarters
FLEX icon
21
Flex
FLEX
$42.6B
$6.65M 2.81%
319,203
-264,733
-45% -$4.72M
2021 Q4
6 quarters
PGTI
22
DELISTED
PGT, Inc.
PGTI
$6.56M 2.77%
224,910
+53,100
+31% +$1.4M
2023 Q1
1 quarter
INTC icon
23
Intel
INTC
$560B
$5.78M 2.45%
172,825
– –
2020 Q4
10 quarters
POR icon
24
Portland General Electric
POR
$5.32B
$4.82M 2.04%
102,925
– –
2020 Q4
10 quarters
LAZ icon
25
Lazard
LAZ
$3.54B
$3.79M 1.6%
118,466
– –
2020 Q4
10 quarters
1
2

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Redwood Grove Capital's Q2 2023 Portfolio in Review

As of Q2 2023, Redwood Grove Capital held 29 positions worth $236M, up 13% from $210M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Redwood Grove Capital deployed $14M of net new capital in Q2 2023, opening 2 new positions and adding to 7 existing holdings. Its largest new stake was XPLR Infrastructure LP: 163,497 shares worth $9.59M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 29% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Flex, an estimated $4.72M trimmed.

  • Redwood Grove Capital's largest Q2 2023 buy was XPLR Infrastructure LP: 163,497 shares worth $9.59M.
  • Redwood Grove Capital added most to WestRock Company in Q2 2023, an estimated $11.1M increase.
  • Redwood Grove Capital's biggest Q2 2023 reduction was Flex, cutting an estimated $4.72M.
  • Redwood Grove Capital fully exited Liberty Global Class C in Q2 2023, selling an estimated $6.38M.
  • Redwood Grove Capital's ten largest holdings make up 51% of its $236M portfolio in Q2 2023.
  • Redwood Grove Capital opened 2 new positions and closed 2 in Q2 2023.
  • Redwood Grove Capital's portfolio value rose 13% quarter-over-quarter to $236M.

Based on Redwood Grove Capital's 13F filing for Q2 2023, filed 14 Aug 2023.