Redwood Grove Capital, LLC
Redwood Grove Capital, LLC reported 25 US-listed holdings worth $394.7 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Elanco Animal Health Inc. (9.5%), Xylem Inc. (7.4%) and Alphabet Inc. (6.5%). Against the quarter before, it opened 5 positions, added to 6, trimmed 8 and sold out of 2.
The 14 largest of its 25 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 +24.4% over the 7 quarters to 30 June 2026, against +30.2% 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 5
- Thermo Fisher Scientific Inc. TMO$19.5 million
- GFL Environmental Inc. GFL$7.9 million
- Primoris Services Corp. PRIM$6.2 million
- Oshkosh Corp. OSK$4.9 million
- Huron Consulting Group Inc. HURN$1.7 million
Added to 6
- Xylem Inc. XYL+100,018 shares · +68%
- Elanco Animal Health Inc. ELAN+233,500 shares · +18%
- Smurfit Westrock plc SW+51,000 shares · +11%
- Ameresco, Inc. AMRC+74,000 shares · +16%
- Qualcomm Inc. QCOM+6,800 shares · +6%
- Icf Intl Inc. ICFI+11,741 shares · +6%
Trimmed 8
- Humana Inc. HUM-55,800 shares · -49%
- Shoals Technologies Group in SHLS-1.3 million shares · -42%
- Ultra Clean Holdings, Inc. UCTT-60,900 shares · -38%
- Alphabet Inc. GOOG-9,600 shares · -12%
- First Solar, Inc. FSLR-9,200 shares · -10%
- Generac Holdings Inc. GNRC-7,000 shares · -14%
- Bank of America Corp. BAC-35,100 shares · -14%
- Array Technologies Inc. ARRY-246,686 shares · -16%
Sold out of 2
- Sanofi SNY$3.9 million last quarter
- Merck & Co., Inc. MRK$3.6 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Elanco Animal Health Inc. ELAN | 1.5M | $37.5 million | 9.51% | +233.5K |
| Xylem Inc. XYL | 246.1K | $29.1 million | 7.37% | +100.0K |
| Alphabet Inc. GOOG | 72.1K | $25.5 million | 6.45% | -9.6K |
| Humana Inc. HUM | 59.1K | $23.5 million | 5.94% | -55.8K |
| Smurfit Westrock plc SW | 500.6K | $23.2 million | 5.87% | +51.0K |
| Qualcomm Inc. QCOM | 115.8K | $21.4 million | 5.42% | +6.8K |
| Idex Corp. IEX | 92.1K | $20.9 million | 5.30% | no change |
| First Solar, Inc. FSLR | 85.2K | $20.1 million | 5.09% | -9.2K |
| Thermo Fisher Scientific Inc. TMO | 38.8K | $19.5 million | 4.93% | new |
| IQVIA Holdings Inc. IQV | 93.5K | $18.1 million | 4.58% | no change |
| Shoals Technologies Group in SHLS | 1.8M | $17.4 million | 4.42% | -1.3M |
| International Flavors & Fragrances Inc. IFF | 219.7K | $17.4 million | 4.41% | no change |
| Ameresco, Inc. AMRC | 543.5K | $15.0 million | 3.80% | +74.0K |
| Ultra Clean Holdings, Inc. UCTT | 101.5K | $14.5 million | 3.67% | -60.9K |
| Icf Intl Inc. ICFI | 192.9K | $14.1 million | 3.56% | +11.7K |
| Fiserv Inc. FISV | 257.6K | $12.6 million | 3.20% | no change |
| Generac Holdings Inc. GNRC | 42.3K | $12.4 million | 3.14% | -7.0K |
| Bank of America Corp. BAC | 213.5K | $12.2 million | 3.08% | -35.1K |
| Array Technologies Inc. ARRY | 1.3M | $9.9 million | 2.50% | -246.7K |
| GFL Environmental Inc. GFL | 214.0K | $7.9 million | 1.99% | new |
| Brown & Brown, Inc. BRO | 116.4K | $7.5 million | 1.89% | no change |
| Primoris Services Corp. PRIM | 62.3K | $6.2 million | 1.56% | new |
| Oshkosh Corp. OSK | 31.8K | $4.9 million | 1.24% | new |
| United Rentals, Inc. URI | 2.2K | $2.5 million | 0.65% | no change |
| Huron Consulting Group Inc. HURN | 19.2K | $1.7 million | 0.44% | new |