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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
+8.08%
1 Year Est. Return
+53.96%
3 Year Est. Return
+79.82%
5 Year Est. Return
+84.02%
10 Year Est. Return
–
AUM
$321M
AUM Growth
+$50.2M
Cap. Flow
+$27.1M
Cap. Flow %
8.45%
Top 10 Hldgs %
52.16%
Holding
28
New
3
Increased
15
Reduced
6
Closed
1

Top Buys

Rank Stock Value
1
IFF icon
International Flavors & Fragrances
IFF
+$13.3M
2
SHLS icon
Shoals Technologies Group
SHLS
+$9.52M
3
AMRC icon
Ameresco
AMRC
+$6.66M
4
ARRY icon
Array Technologies
ARRY
+$3.18M
5
CTLT
CATALENT, INC.
CTLT
+$3.12M

Top Sells

Rank Stock Value
1
PGTI
PGT, Inc.
PGTI
+$4.57M
2
JWN
Nordstrom
JWN
+$4.03M
3
WDC icon
Western Digital
WDC
+$3.84M
4
URI icon
United Rentals
URI
+$2.81M
5
AXP icon
American Express
AXP
+$1.18M

Sector Composition

Rank Sector Weight
1 Technology 25.64%
2 Healthcare 17.46%
3 Industrials 15.34%
4 Financials 12.91%
5 Utilities 10.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XIFR
1
XPLR Infrastructure LP
XIFR
$1.05B
$23.4M 7.28%
776,555
+7,200
+0.9% +$205K
QCOM icon
2
Qualcomm
QCOM
$169B
$19.3M 6.01%
113,900
-6,700
-6% -$1.04M
CTLT
3
DELISTED
CATALENT, INC.
CTLT
$17.4M 5.42%
308,156
+57,600
+23% +$3.12M
ARRY icon
4
Array Technologies
ARRY
$730M
$16.8M 5.23%
1,126,376
+230,102
+26% +$3.18M
GNRC icon
5
Generac Holdings
GNRC
$12.2B
$16.4M 5.11%
130,100
+7,500
+6% +$880K
WDC icon
6
Western Digital
WDC
$168B
$15.9M 4.94%
307,747
-87,715
-22% -$3.84M
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.18T
$15.6M 4.86%
102,400
+5,900
+6% +$852K
WRK
8
DELISTED
WestRock Company
WRK
$14.9M 4.64%
300,950
+10,000
+3% +$437K
IFF icon
9
International Flavors & Fragrances
IFF
$21.4B
$14.2M 4.43%
+165,500
New +$13.3M
FISV
10
Fiserv Inc
FISV
$27.8B
$13.6M 4.25%
85,338
+4,840
+6% +$705K
AMGN icon
11
Amgen
AMGN
$237B
$13.6M 4.22%
47,687
+7,000
+17% +$2.05M
BAC icon
12
Bank of America
BAC
$432B
$13.1M 4.08%
345,300
+19,600
+6% +$673K
URI icon
13
United Rentals
URI
$68.1B
$12.8M 3.97%
17,684
-4,375
-20% -$2.81M
SNY icon
14
Sanofi
SNY
$110B
$12.7M 3.95%
261,154
+21,710
+9% +$1.06M
MRK icon
15
Merck
MRK
$375B
$12.4M 3.86%
94,000
+5,300
+6% +$653K
PYPL icon
16
PayPal
PYPL
$52.8B
$12M 3.73%
178,940
+10,050
+6% +$617K
AXP icon
17
American Express
AXP
$226B
$11.5M 3.59%
50,659
-5,670
-10% -$1.18M
POR icon
18
Portland General Electric
POR
$5.87B
$9.37M 2.92%
223,125
+12,700
+6% +$523K
INTC icon
19
Intel
INTC
$478B
$8.98M 2.8%
203,325
+11,500
+6% +$512K
SHLS icon
20
Shoals Technologies Group
SHLS
$1.21B
$7.74M 2.41%
+692,400
New +$9.52M
ZWS icon
21
Zurn Elkay Water Solutions
ZWS
$8.11B
$7.73M 2.41%
230,994
+12,950
+6% +$399K
AMRC icon
22
Ameresco
AMRC
$1.15B
$7.17M 2.23%
+297,137
New +$6.66M
BABA icon
23
Alibaba
BABA
$286B
$6.32M 1.97%
87,340
– –
JWN
24
DELISTED
Nordstrom
JWN
$5.9M 1.84%
291,227
-213,000
-42% -$4.03M
WLDN icon
25
Willdan Group
WLDN
$1.3B
$5.18M 1.61%
178,511
– –
1
2

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Redwood Grove Capital's Q1 2024 Portfolio in Review

As of Q1 2024, Redwood Grove Capital held 28 positions worth $321M, up 19% from $271M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Redwood Grove Capital deployed $27.1M of net new capital in Q1 2024, opening 3 new positions and adding to 15 existing holdings. Its largest new stake was International Flavors & Fragrances: 165,500 shares worth $14.2M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Nordstrom, an estimated $4.03M trimmed.

  • Redwood Grove Capital's largest Q1 2024 buy was International Flavors & Fragrances: 165,500 shares worth $14.2M.
  • Redwood Grove Capital added most to Array Technologies in Q1 2024, an estimated $3.18M increase.
  • Redwood Grove Capital's biggest Q1 2024 reduction was Nordstrom, cutting an estimated $4.03M.
  • Redwood Grove Capital fully exited PGT, Inc. in Q1 2024, selling an estimated $4.57M.
  • Redwood Grove Capital's ten largest holdings make up 52% of its $321M portfolio in Q1 2024.
  • Redwood Grove Capital opened 3 new positions and closed 1 in Q1 2024.
  • Redwood Grove Capital's portfolio value rose 19% quarter-over-quarter to $321M.

Based on Redwood Grove Capital's 13F filing for Q1 2024, filed 15 May 2024.