1y return+140.9%S&P 500 +20.9%
3y return+291.9%S&P 500 +68.5%
5y return+172.4%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since September 30, 2019: $365 against $252 in the S&P 500.2
Redwood Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VSATViasat Inc | $197.9M | 21.5% | New |
| ECHOEchostar Corp | $128.9M | 14.0% | −19.9% |
| Global Business Travel GroupCUSIP 37890B100 | $103.3M | 11.2% | −49.9% |
| MBCMasterbrand Inc | $101.1M | 11.0% | +663.7% |
| OPIOffice Pptys Income Tr | $73.6M | 8.0% | New |
| Aercap Holdings NvCUSIP N00985106 | $58.9M | 6.4% | |
| TDSTelephone & Data Sys Inc | $47.2M | 5.1% | |
| MOHMolina Healthcare Inc | $45.7M | 5.0% | −35.5% |
| ELVElevance Health Inc Formerly | $32.8M | 3.6% | |
| KBRKbr Inc | $19.9M | 2.2% | New |
| FBINFortune Brands Innovations I | $18.2M | 2.0% | New |
| CNCCentene Corp Del | $13.4M | 1.5% | |
| CZRCaesars Entertainment Inc Ne | $12.7M | 1.4% | |
| UNHUnitedhealth Group Inc | $11.4M | 1.2% | |
| AEROGrupo Aeromexico Sab De Cv | $10.5M | 1.1% | +5.8% |
| SOCSable Offshore Corp | $9.2M | 1.0% | New |
| OPTUOptimum Communications Inc | $7.5M | 0.8% | −36.6% |
| AZULAzul S A | $7.3M | 0.8% | New |
| CBLCbl & Assoc Pptys Inc | $6.2M | 0.7% | |
| MSCStudio City Intl Hldgs Ltd | $5.9M | 0.6% | |
| Norwegian Cruise Line HldgsCUSIP G66721104 | $5.5M | 0.6% | New |
| MERCMercer Intl Inc | $3.1M | 0.3% | |
| EHTHEhealth Inc | $696K | 0.1% | |
| APEIAmerican Pub Ed Inc | $537K | 0.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| ECHOEchostar Corp | March 31, 2024 | +612.3% | $128.9M |
| Aercap Holdings NvCUSIP N00985106 | September 30, 2021 | +152.2% | $58.9M |
| APEIAmerican Pub Ed Inc | June 30, 2021 | +89.5% | $537K |
| CNCCentene Corp Del | September 30, 2025 | +79.9% | $13.4M |
| CBLCbl & Assoc Pptys Inc | December 31, 2021 | +70.2% | $6.2M |
| AEROGrupo Aeromexico Sab De Cv | March 31, 2026 | +28.5% | $10.5M |
| MBCMasterbrand Inc | March 31, 2026 | +23.8% | $101.1M |
| UNHUnitedhealth Group Inc | September 30, 2025 | +20.4% | $11.4M |
| ELVElevance Health Inc Formerly | September 30, 2025 | +19.7% | $32.8M |
| MOHMolina Healthcare Inc | September 30, 2025 | +19.5% | $45.7M |
Sold off last quarter
- VISNVistance Networks Inc was $24.9M
- American Woodmark CorpCUSIP 030506109 was $2.9M
- KLCKindercare Learning Companie was $2.8M
- Gohealth IncCUSIP 38046W204 was $1.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +17.6% | +14.8% |
| March 31, 2026 | −7.2% | −4.6% |
| December 31, 2025 | +21.0% | +2.4% |
| September 30, 2025 | +82.3% | +7.8% |
| June 30, 2025 | +6.2% | +10.5% |
| March 31, 2025 | +8.6% | −4.6% |
| December 31, 2024 | +2.8% | +2.1% |
| September 30, 2024 | +11.1% | +5.4% |
| June 30, 2024 | +4.4% | +4.0% |
| March 31, 2024 | +8.0% | +10.0% |
| December 31, 2023 | +17.2% | +11.2% |
| September 30, 2023 | −6.6% | −3.6% |
| June 30, 2023 | +11.6% | +8.3% |
| March 31, 2023 | −2.8% | +7.0% |
| December 31, 2022 | +15.0% | +7.1% |
| September 30, 2022 | −12.7% | −5.3% |
| June 30, 2022 | −27.5% | −16.5% |
| March 31, 2022 | −8.6% | −4.9% |
| December 31, 2021 | −2.0% | +10.7% |
| September 30, 2021 | −1.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Redwood Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1316622&type=13F-HR&dateb=&owner=include&count=40CIK 1316622
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1316622/000091957426005278/Filed August 14, 2026 · accession 0000919574-26-005278