Equal-WT
WhaleScore 2.0
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Redwood Capital Management is based out of New York. Redwood Capital Management is a hedge fund with 14 clients and discretionary assets under management (AUM) of $9,936,140,000 (Form ADV from 2024-03-28). Their last reported 13F filing for Q2 2024 included $650,446,245 in managed 13F securities
and a top 10 holdings concentration of 92.56%. Redwood Capital Management's largest holding is Aercap Holdings N.V. with shares held of 2,142,023. Whalewisdom has at least 78 13F filings, 3 13D filings, and 25 13G filings
Business Description
Redwood Capital Management, LLC (Redwood Capital) is an investment management firm specializing in credit and distressed company investments. They act as investment advisors, managers, or general partners for various client accounts, and also engage in investment activities for their own accounts.
Redwood Capital recognizes that some clients share similar investment objectives and strategies, leading to co-investment in the same securities and issuers. However, they emphasize that despite these similarities, they may provide different advice or take actions regarding specific investments for individual funds. This means that funds with similar strategies may not hold identical securities or achieve the same performance. This approach can potentially impact the prices and availability of securities for other clients.
Investment Strategy
Redwood specializes in analyzing companies facing stress due to various factors such as industry issues, management problems, legal or regulatory issues, and more. They believe the markets for these securities are often inefficient because existing holders are unprepared or lack the expertise to assess the impact of business problems on their securities' value.
Investment decisions are made based on each client's individual investment objectives, guidelines, liquidity needs, and cash availability. Redwood considers factors like investment objectives, liquidity, overall size, current exposure to similar investments, and risk tolerance when allocating securities to clients. They may acquire or dispose of the same securities for multiple clients simultaneously, taking into account each client's specific needs and risk appetite.
Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| SATS EchoStar Corp. | 7.22% |
| DISH Dish Network Corp, C (PRN) | 1.36% |
| CZR Caesars Entertainmen | 0.6% |
| X United States Steel | 0.59% |
| OPI Office Properties In | 0.15% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| ALLY Ally Financial Inc | 5.59% |
| DOLE Dole plc | 3.29% |
| C Citigroup, Inc. | 2.64% |
| SPY SPDR S&P 500 ETF TRU | 2.43% |
| TEO Telecom Argentina S. | 2.35% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| AER Aercap Holdings N.V. | 30.69% |
| SATS EchoStar Corp. | 16.2% |
| DEBT-DISH DISH NETWORK CORPORA(PRN) | 12.3% |
| DEBT-UPST UPSTART HLDGS INC NO(PRN) | 9.15% |
| DISH Dish Network Corp, C(PRN) | 7.02% |
2024-06-30
13F Activity
| Market Value | $0.65b, Prior: $0.71b |
| Inflows (Outflows) as % of Total MV | (-11.9669)% |
| New Purchases | 1 stocks |
| Added To | 5 stocks |
| Sold out of | 4 stocks |
| Reduced holdings in | 4 stocks |
| Top 10 Holdings % | 92.56% |
| Turnover %[1] | 23.81% |
| Turnover Alt %[2] | 6.01% |
| Time Held Top 20 | 5.2941 quarters |
| Time Held Top 10 | 3.5 quarters |
| Time Held All | 13 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30