Redwood Capital Management, LLC
Redwood Capital Management, LLC reported 24 US-listed holdings worth $921.5 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Viasat Inc. (21.5%), EchoStar Corp. (14.0%) and Global Business Travel Group (11.2%). Against the quarter before, it opened 7 positions, added to 2, trimmed 4 and sold out of 4.
The 14 largest of its 24 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +140.0% over the 4 quarters to 30 June 2026, against +20.9% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 7
- Viasat Inc. VSAT$197.9 million
- Office Pptys Income Trust OPI$73.6 million
- Kbr, Inc. KBR$19.9 million
- Fortune Brands Innovations, Inc. FBIN$18.2 million
- Sable Offshore Corp. SOC$9.2 million
- Azul Sa-Spon ADR AZUL$7.3 million
- Norwegian Cruise Line Holdings Ltd. NCLH$5.5 million
Added to 2
- MasterBrand, Inc. MBC+8.5 million shares · +664%
- Grupo Aeromexico Sab De CV AERO+31,979 shares · +6%
Trimmed 4
- Global Business Travel Group GBTG-11.0 million shares · -50%
- EchoStar Corp. ECHO-314,778 shares · -20%
- Molina Healthcare, Inc. MOH-110,000 shares · -35%
- Altice USA Inc. OPTU-3.0 million shares · -37%
Sold out of 4
- Commscope Hldg Co. Inc. VISN$24.9 million last quarter
- American Woodmark Corporatio AMWD$2.9 million last quarter
- Kindercare Learning Companie KLC$2.8 million last quarter
- Gohealth Inc. GOCOQ$1.4 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Viasat Inc. VSAT | 2.2M | $197.9 million | 21.48% | new |
| EchoStar Corp. ECHO | 1.3M | $128.9 million | 13.99% | -314.8K |
| Global Business Travel Group GBTG | 11.0M | $103.3 million | 11.21% | -11.0M |
| MasterBrand, Inc. MBC | 9.8M | $101.1 million | 10.97% | +8.5M |
| Office Pptys Income Trust OPI | 4.3M | $73.6 million | 7.98% | new |
| AerCap Holdings N.V. AER | 404.3K | $58.9 million | 6.40% | no change |
| Telephone & Data Systems Inc. TDS | 1.3M | $47.2 million | 5.12% | no change |
| Molina Healthcare, Inc. MOH | 200.0K | $45.7 million | 4.96% | -110.0K |
| Elevance Health, Inc. ELV | 84.8K | $32.8 million | 3.56% | no change |
| Kbr, Inc. KBR | 575.0K | $19.9 million | 2.15% | new |
| Fortune Brands Innovations, Inc. FBIN | 332.0K | $18.2 million | 1.98% | new |
| Centene Corp. CNC | 208.5K | $13.4 million | 1.45% | no change |
| Caesars Entertainment, Inc. CZR | 420.0K | $12.7 million | 1.38% | no change |
| UnitedHealth Group Inc. UNH | 27.5K | $11.4 million | 1.24% | no change |
| Grupo Aeromexico Sab De CV AERO | 583.6K | $10.5 million | 1.14% | +32.0K |
| Sable Offshore Corp. SOC | 3.0M | $9.2 million | 1.00% | new |
| Altice USA Inc. OPTU | 5.2M | $7.5 million | 0.82% | -3.0M |
| Azul Sa-Spon ADR AZUL | 817.0K | $7.3 million | 0.80% | new |
| CBL & Assoc Pptys INC CBL | 117.6K | $6.2 million | 0.68% | no change |
| Studio City Intl Hldgs Ltd MSC | 3.2M | $5.9 million | 0.64% | no change |
| Norwegian Cruise Line Holdings Ltd. NCLH | 260.0K | $5.5 million | 0.60% | new |
| Mercer Intl Inc. MERC | 4.6M | $3.1 million | 0.33% | no change |
| Ehealth Inc. EHTH | 467.4K | $696,419 | 0.08% | no change |
| American Pub Ed Inc. APEI | 10.0K | $537,000 | 0.06% | no change |