Redwood Capital Management
New York, NYfiles as REDWOOD CAPITAL MANAGEMENT, LLC
$922m in 24 US stocks at the end of 30 June 2026. The top 10 are 87.8% of the money. It changed about 45.4% of the portfolio this quarter.
Value
$922m
Stocks
24
Top 10 share
87.8%
Turnover
45.4%
What changed this quarter
New
Bought for the first time this quarter.
- ViasatVSAT21.5% of the fund
- Office Properties Income TrustOPI8.0% of the fund
- KBRKBR2.2% of the fund
- Fortune Brands InnovationsFBIN2.0% of the fund
- Sable OffshoreSOC1.0% of the fund
- Azul S AAZUL0.8% of the fund
- Norwegian Cruise Line HoldingsNCLH0.6% of the fund
Added
Bought more of a stock they already held.
- MasterBrandMBC11.0% of the fund+664%
- Grupo Aeromexico SAB de CVAERO1.1% of the fund+6%
Cut
Sold some of their stake.
- EchoStarECHO14.0% of the fund-20%
- Global Business Travel GroupGBTG11.2% of the fund-50%
- Molina HealthcareMOH5.0% of the fund-35%
- Optimum CommunicationsOPTU0.8% of the fund-37%
Sold out
Sold their entire stake.
- Vistance NetworksVISN-100%
- American Woodmark Corporatio-100%
- KinderCare Learning CompaniesKLC-100%
- Gohealth-100%
Holdings
- Grupo Aeromexico SAB de CVAERO
- Share
- 1.1%
- Value
- $11m
- Shares
- 583,580
+6%
- Azul S AAZUL
- Share
- 0.8%
- Value
- $7m
- Shares
- 816,991
New
- Studio City Intl HldgsMSC
- Share
- 0.6%
- Value
- $6m
- Shares
- 3,239,073
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| ViasatVSAT | 21.5% | $198m | 2,203,640 | New |
| EchoStarECHO | 14.0% | $129m | 1,270,079 | -20% |
| Global Business Travel GroupGBTG | 11.2% | $103m | 10,998,642 | -50% |
| MasterBrandMBC | 11.0% | $101m | 9,821,896 | +664% |
| Office Properties Income TrustOPI | 8.0% | $74m | 4,327,521 | New |
| AerCap HoldingsAER | 6.4% | $59m | 404,266 | Held |
| Telephone & Data SystemsTDS | 5.1% | $47m | 1,275,282 | Held |
| Molina HealthcareMOH | 5.0% | $46m | 200,000 | -35% |
| Elevance HealthELV | 3.6% | $33m | 84,800 | Held |
| KBRKBR | 2.2% | $20m | 575,000 | New |
| Fortune Brands InnovationsFBIN | 2.0% | $18m | 332,000 | New |
| CenteneCNC | 1.5% | $13m | 208,500 | Held |
| Caesars EntertainmentCZR | 1.4% | $13m | 420,000 | Held |
| UnitedHealth GroupUNH | 1.2% | $11m | 27,500 | Held |
| Grupo Aeromexico SAB de CVAERO | 1.1% | $11m | 583,580 | +6% |
| Sable OffshoreSOC | 1.0% | $9m | 3,000,000 | New |
| Optimum CommunicationsOPTU | 0.8% | $8m | 5,189,270 | -37% |
| Azul S AAZUL | 0.8% | $7m | 816,991 | New |
| CBL & Associates PropertiesCBL | 0.7% | $6m | 117,613 | Held |
| Studio City Intl HldgsMSC | 0.6% | $6m | 3,239,073 | Held |
| Norwegian Cruise Line HoldingsNCLH | 0.6% | $5m | 260,000 | New |
| Mercer InternationalMERC | 0.3% | $3m | 4,648,133 | Held |
| eHealthEHTH | <0.1% | $696,419 | 467,395 | Held |
| American Public EducationAPEI | <0.1% | $537,000 | 10,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 88.8% since 30 June 2025.
Where the money is
Media & telecom41.4%
Industrials15.3%
Retail & consumer13.0%
Health care11.2%
Real estate8.7%
Technology6.4%
Energy1.0%
Materials0.3%
Financial services0.1%
Other2.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.