RC
Redwood Capital Management, LLC: 13F Stock Holdings & Portfolio (Q2 2026)
Redwood Capital Management, LLCCIK: 0001316622
ContrarianHigh-turnover traderQuality / disciplined sizing
Total reported value
$927.4M
Reporting period: 2026-06-30 · Number of holdings: 25
REDWOOD CAPITAL MANAGEMENT, LLC disclosed 25 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $927.4M and a quarterly turnover rate of 81.9%.
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Personality snowflake
- Concentration
- 43.06
- Portfolio Stability
- 81.91
- Momentum
- 0
- Sector conviction
- 65.65
- Diversification
- 50
- Sizing Uniformity
- 86.73
Redwood Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.108 — mathematically equivalent to about 9 equally-sized positions, well below its 25 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.33), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 3.7 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy VSAT
Trim ECHO
-19.9% -$56.6M
Trim ECHO 3.875 11-30-30
-91.7% -$78.4M
Add MBC
+663.7% $90.4M
New buy 67623C307
Trim GBTG
-49.9% -$19.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VSAT | Viasat Inc | Stock-Tech | 21.34% | +21.34% | NEW | |
| 2 | ECHO | Echostar Corp-a | Stock-Comm Services | 13.90% | -13.62% | -19.86% | |
| 3 | GBTG | Global Business Travel Group | Stock-Other | 11.14% | -7.03% | -49.90% | |
| 4 | MBC | Masterbrand Inc | Stock-Consumer Disc | 10.90% | +9.31% | +663.70% | |
| 5 | ✓ | Stock-Other | 7.93% | +7.93% | NEW | ||
| 6 | AER | AerCap Holdings N.V. | Stock-Industrials | 6.35% | -1.88% | — | |
| 7 | TDS | Telephone And Data Systems | Stock-Comm Services | 5.09% | -2.87% | — | |
| 8 | MOH | Molina Healthcare Inc | Stock-Healthcare | 4.93% | -1.20% | -35.48% | |
| 9 | ELV | Elevance Health Inc | Stock-Healthcare | 3.54% | -0.14% | — | |
| 10 | KBR | Kbr Inc | Stock-Industrials | 2.14% | +2.14% | NEW | |
| 11 | FBIN | Fortune Brands Innovations I | Stock-Industrials | 1.97% | +1.97% | NEW | |
| 12 | CNC | Centene CORP | Stock-Healthcare | 1.44% | +0.43% | — | |
| 13 | CZR | Caesars Entertainment Inc | Stock-Consumer Disc | 1.37% | -0.28% | — | |
| 14 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 1.23% | +0.13% | — | |
| 15 | AERO | Grupo Aeromexico Sab De Cv | Stock-Other | 1.13% | -0.02% | +5.80% | |
| 16 | SOC | Sable Offshore CORP | Stock-Other | 1.00% | +1.00% | NEW | |
| 17 | OPTU | Optimum Communications Inc-a | Stock-Comm Services | 0.81% | -0.77% | -36.63% | |
| 18 | ✓ | Stock-Other | 0.79% | +0.79% | NEW | ||
| 19 | CBL | Cbl & Associates Properties | Stock-Other | 0.67% | — | — | |
| 20 | MSC | Studio City Internationa-adr | Stock-Other | 0.64% | -0.53% | — | |
| 21 | ECHO 3.875 11-30-30Bond | Echostar CORP | Bond | 0.64% | -11.87% | -91.69% | |
| 22 | NCLH | Norwegian Cruise Line Holdings Ltd. | Stock-Consumer Disc | 0.59% | +0.59% | NEW | |
| 23 | MERC | Mercer International Inc | Stock-Other | 0.33% | -0.65% | — | |
| 24 | EHTH | Ehealth Inc | Stock-Other | 0.08% | -0.01% | — | |
| 25 | APEI | American Public Education | Stock-Other | 0.06% | -0.02% | — |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-9%
Performance Last 4 Quarters
+44.1%
Based on 87% of reported portfolio value with available pricing
- Stdev
- +34.1%
- Beta
- +1.07
- Alpha
- +27.5%
- Max Drawdown
- -13.3%
- Annualized Perf
- +54.1%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +5.53
- Stutzer
- +0.49
- Treynor
- +0.46
- Sterling
- +2.86
- Calmar
- +4.08
- Information Ratio
- +0.93
- Tracking Error
- +31.1%
- Stdev Down
- +8.9%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +177.8%
- Worst 12 Months
- +10.4%
- Efficiency Ratio
- +1.07
- Sharpe
- +1.44
- Stdev Sectors
- +6.1%
- Skewness
- +1.91
- Kurtosis
- +4.92
- Upside Potential
- +7.43
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 25 | $927.4M | 82 | ||
| 2026 Q1 | 22 | $674.2M | 55 | ||
| 2025 Q4 | 17 | $934.2M | 31 | ||
| 2025 Q3 | 17 | $1.0B | 94 | ||
| 2025 Q2 | 11 | $550.6M | 0 | ||
| 2025 Q1 | 13 | $669.9M | 100 | ||
| 2024 Q4 | 12 | $603.2M | 0 | ||
| 2024 Q3 | 15 | $656.6M | 0 | ||
| 2024 Q2 | 17 | $650.4M | 0 | ||
| 2024 Q1 | 20 | $709.6M | 0 | ||
| 2023 Q4 | 19 | $552.3M | 0 | ||
| 2023 Q3 | 23 | $532.4M | 0 | ||
| 2023 Q2 | 28 | $682.1M | 0 | ||
| 2023 Q1 | 34 | $676.1M | 0 | ||
| 2022 Q4 | 37 | $826.6M | 0 | ||
| 2022 Q3 | 41 | $670.8M | 0 | ||
| 2022 Q2 | 42 | $739.0M | 0 | ||
| 2022 Q1 | 46 | $1.1B | 0 | ||
| 2021 Q4 | 45 | $1.2B | 0 | ||
| 2021 Q3 | 45 | $1.3B | 0 | ||
| 2021 Q2 | 41 | $1.5B | 100 | ||
| 2021 Q1 | 41 | $2.1B | 47 | ||
| 2020 Q4 | 43 | $1.6B | 64 | ||
| 2020 Q3 | 47 | $1.3B | 43 | ||
| 2020 Q2 | 43 | $940.1M | 83 | ||
| 2020 Q1 | 53 | $547.2M | 69 | ||
| 2019 Q4 | 49 | $728.8M | 54 | ||
| 2019 Q3 | 62 | $917.5M | 58 | ||
| 2019 Q2 | 61 | $1.5B | 24 | ||
| 2019 Q1 | 59 | $1.5B | 44 | ||
| 2018 Q4 | 63 | $1.2B | 63 | ||
| 2018 Q3 | 53 | $1.4B | 22 | ||
| 2018 Q2 | 53 | $1.5B | 27 | ||
| 2018 Q1 | 49 | $1.4B | 25 | ||
| 2017 Q4 | 43 | $1.2B | 44 | ||
| 2017 Q3 | 47 | $978.3M | 17 | ||
| 2017 Q2 | 49 | $930.6M | 82 | ||
| 2017 Q1 | 46 | $847.7M | 26 | ||
| 2016 Q4 | 43 | $735.1M | 20 | ||
| 2016 Q3 | 46 | $732.8M | 46 | ||
| 2016 Q2 | 43 | $611.4M | 16 | ||
| 2016 Q1 | 48 | $634.9M | 27 | ||
| 2015 Q4 | 47 | $687.9M | 36 | ||
| 2015 Q3 | 43 | $685.1M | 46 | ||
| 2015 Q2 | 42 | $835.7M | 13 | ||
| 2015 Q1 | 41 | $865.1M | 23 | ||
| 2014 Q4 | 49 | $953.0M | 41 | ||
| 2014 Q3 | 55 | $938.9M | 25 | ||
| 2014 Q2 | 53 | $950.5M | 25 | ||
| 2014 Q1 | 49 | $877.8M | 26 | ||
| 2013 Q4 | 44 | $852.9M | 32 | ||
| 2013 Q3 | 40 | $761.4M | 26 | ||
| 2013 Q2 | 42 | $746.1M | 0 |
Holding changes this quarter
Redwood Capital Management, LLC's most significant position changes for 2026-06-30: New buy: Viasat Inc (VSAT); New buy: ; Sold out: Vistance Networks Inc (VISN); New buy: Kbr Inc (KBR); New buy: Fortune Brands Innovations I (FBIN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VSAT | Viasat Inc | +21.3% | NEW | New buy |
| 2 | MBC | Masterbrand Inc | +9.3% | +663.70% | Add |
| 3 | ✓ | +7.9% | NEW | New buy | |
| 4 | KBR | Kbr Inc | +2.1% | NEW | New buy |
| 5 | FBIN | Fortune Brands Innovations I | +2% | NEW | New buy |
| 6 | SOC | Sable Offshore CORP | +1% | NEW | New buy |
| 7 | ✓ | +0.8% | NEW | New buy | |
| 8 | NCLH | Norwegian Cruise Line Holdings Ltd. | +0.6% | NEW | New buy |
| 9 | CNC | Centene CORP | +0.4% | — | Unchanged |
| 10 | UNH | Unitedhealth Group Inc | +0.1% | — | Unchanged |
| 11 | CBL | Cbl & Associates Properties | — | — | Unchanged |
| 12 | EHTH | Ehealth Inc | 0% | — | Unchanged |
| 13 | AERO | Grupo Aeromexico Sab De Cv | 0% | +5.80% | Add |
| 14 | APEI | American Public Education | 0% | — | Unchanged |
| 15 | ELV | Elevance Health Inc | -0.1% | — | Unchanged |
| 16 | GOCOQ | Gohealth Inc-class A | -0.2% | EXIT | Sold out |
| 17 | CZR | Caesars Entertainment Inc | -0.3% | — | Unchanged |
| 18 | KLC | Kindercare Learning Cos Inc | -0.4% | EXIT | Sold out |
| 19 | AHQ | American Woodmark CORP | -0.4% | EXIT | Sold out |
| 20 | MSC | Studio City Internationa-adr | -0.5% | — | Unchanged |
| 21 | MERC | Mercer International Inc | -0.7% | — | Unchanged |
| 22 | OPTU | Optimum Communications Inc-a | -0.8% | -36.63% | Trim |
| 23 | MOH | Molina Healthcare Inc | -1.2% | -35.48% | Trim |
| 24 | AER | AerCap Holdings N.V. | -1.9% | — | Unchanged |
| 25 | TDS | Telephone And Data Systems | -2.9% | — | Unchanged |
| 26 | VISN | Vistance Networks Inc | -3.7% | EXIT | Sold out |
| 27 | GBTG | Global Business Travel Group | -7% | -49.90% | Trim |
| 28 | ECHO 3.875 11-30-30Bond | Echostar CORP | -11.9% | -91.69% | Trim |
| 29 | ECHO | Echostar Corp-a | -13.6% | -19.86% | Trim |
Filing History
FAQ
What is Redwood Capital Management, LLC and what type of investor is it?
Redwood Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $927.4M, spread across 25 disclosed positions.
What are Redwood Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Redwood Capital Management, LLC's top holdings by market value are:
1. Viasat Inc (VSAT) — $197.9M (21.3%)
2. Echostar Corp-a (ECHO) — $128.9M (13.9%)
3. Global Business Travel Group (GBTG) — $103.3M (11.1%)
4. Masterbrand Inc (MBC) — $101.1M (10.9%)
5. — $73.6M (7.9%)
What changes did Redwood Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Redwood Capital Management, LLC made 18 notable position adjustments: 7 new positions were initiated, 2 existing holdings were added to, 5 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Viasat Inc (VSAT); New buy: ; Sold out: Vistance Networks Inc (VISN); New buy: Kbr Inc (KBR); New buy: Fortune Brands Innovations I (FBIN)
What sectors does Redwood Capital Management, LLC focus on?
Redwood Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 28.0%
• Communication Services: 26.8%
• Consumer Discretionary: 16.9%
• Health Care: 14.6%
• Industrials: 13.7%
Investment Profile
Redwood Capital Management, LLC returned an annualized 54.1% over the trailing 36 months — outperforming the S&P 500 by 27.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.07 (roughly in line with the market) and a 53% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading.
Its turnover score has risen from 0 to 82 over the past 4 quarters — a shift toward more active trading.
It has added to its MOH position over the past two quarters (+$26.7M, now $45.7M), while trimming ECHO 3.875 11-30-30 over the same stretch (-$174.8M, still holding $5.9M).
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Developer Access
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