REDWOOD CAPITAL MANAGEMENT, LLC 13F: Quarter-over-Quarter Portfolio Changes
REDWOOD CAPITAL MANAGEMENT, LLC reported a disclosed portfolio value of approximately $927.4 million in its latest SEC Form 13F-HR filing for Q2 2026, up 37.6% quarter on quarter. Over the quarter, the fund initiated 8 new positions, bought more shares in 2 holdings, trimmed 4 holdings, and exited 5 positions.
REDWOOD CAPITAL MANAGEMENT, LLC's top buy was a new stake in Viasat INC (VSAT) , equal to 21.3% of the disclosed portfolio. Its top sell was Echostar CORP (ECHO 3.875 11/30/30) . The fund exited the position completely after it had accounted for 12.5% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| VIASAT INC | VSAT | 21.3% | History → |
| OFFICE PPTYS INCOME TR | OPI | 7.9% | History → |
| KBR INC | KBR | 2.1% | History → |
| FORTUNE BRANDS INNOVATIONS I | FBIN | 2.0% | Holders → |
| SABLE OFFSHORE CORP | SOC | 1.0% | Holders → |
| AZUL S A | AZUL | 0.8% | Holders → |
| ECHOSTAR CORP | SYN_278768AB2 | 0.6% | Holders → |
| NORWEGIAN CRUISE LINE HLDGS | NCLH | 0.6% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| MASTERBRAND INC | MBC | +9.3% | +663.7% | History → |
| GRUPO AEROMEXICO SAB DE CV | AERO | +-0.0% | +5.8% | Holders → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| GLOBAL BUSINESS TRAVEL GROUP | GBTG | -7.0% | 49.9% | History → |
| OPTIMUM COMMUNICATIONS INC | OPTU | -0.8% | 36.6% | Holders → |
| MOLINA HEALTHCARE INC | MOH | -1.2% | 35.5% | History → |
| ECHOSTAR CORP | SATS | -13.6% | 19.9% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ECHOSTAR CORP | ECHO 3.875 11/30/30 | 12.5% |
| VISTANCE NETWORKS INC | VISN | 3.7% |
| AMERICAN WOODMARK CORP | AMWD | 0.4% |
| KINDERCARE LEARNING COMPANIE | KLC | 0.4% |
| GOHEALTH INC | GOCOQ | 0.2% |
Net Portfolio Value ChangeQ2 2026
- $0.7BPrior quarter
- $0.9BCurrent quarter
- +$0.3BNet delta
- +37.6%% change
Methodology & FAQ
How REDWOOD CAPITAL MANAGEMENT, LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for REDWOOD CAPITAL MANAGEMENT, LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did REDWOOD CAPITAL MANAGEMENT, LLC buy in Q2 2026?
In Q2 2026, REDWOOD CAPITAL MANAGEMENT, LLC initiated 8 new positions (VIASAT INC (VSAT), OFFICE PPTYS INCOME TR (OPI), KBR INC (KBR), FORTUNE BRANDS INNOVATIONS I (FBIN), SABLE OFFSHORE CORP (SOC), AZUL S A (AZUL), ECHOSTAR CORP (SYN_278768AB2), NORWEGIAN CRUISE LINE HLDGS (NCLH)); bought more shares of MASTERBRAND INC (MBC), GRUPO AEROMEXICO SAB DE CV (AERO).
What stocks did REDWOOD CAPITAL MANAGEMENT, LLC sell in Q2 2026?
In Q2 2026, REDWOOD CAPITAL MANAGEMENT, LLC fully sold 5 positions (ECHOSTAR CORP (ECHO 3.875 11/30/30), VISTANCE NETWORKS INC (VISN), AMERICAN WOODMARK CORP (AMWD), KINDERCARE LEARNING COMPANIE (KLC), GOHEALTH INC (GOCOQ)); reduced holdings in GLOBAL BUSINESS TRAVEL GROUP (GBTG), OPTIMUM COMMUNICATIONS INC (OPTU), MOLINA HEALTHCARE INC (MOH), ECHOSTAR CORP (SATS).
Which positions did REDWOOD CAPITAL MANAGEMENT, LLC initiate in Q2 2026?
REDWOOD CAPITAL MANAGEMENT, LLC established 8 new positions in Q2 2026: VIASAT INC (VSAT, 21.3%), OFFICE PPTYS INCOME TR (OPI, 7.9%), KBR INC (KBR, 2.1%), FORTUNE BRANDS INNOVATIONS I (FBIN, 2.0%), SABLE OFFSHORE CORP (SOC, 1.0%), AZUL S A (AZUL, 0.8%), ECHOSTAR CORP (SYN_278768AB2, 0.6%), NORWEGIAN CRUISE LINE HLDGS (NCLH, 0.6%).
Which existing positions saw the largest allocation increases for REDWOOD CAPITAL MANAGEMENT, LLC in Q2 2026?
Of 2 existing positions with share-count increases in Q2 2026, the largest were: MASTERBRAND INC (MBC, +9.3% weight, +663.7% shares), GRUPO AEROMEXICO SAB DE CV (AERO, +-0.0% weight, +5.8% shares).
Which positions did REDWOOD CAPITAL MANAGEMENT, LLC fully exit in Q2 2026?
REDWOOD CAPITAL MANAGEMENT, LLC fully exited 5 positions in Q2 2026: ECHOSTAR CORP (ECHO 3.875 11/30/30, last-reported weight 12.5%), VISTANCE NETWORKS INC (VISN, last-reported weight 3.7%), AMERICAN WOODMARK CORP (AMWD, last-reported weight 0.4%), KINDERCARE LEARNING COMPANIE (KLC, last-reported weight 0.4%), GOHEALTH INC (GOCOQ, last-reported weight 0.2%).
Which existing positions saw the largest allocation reductions for REDWOOD CAPITAL MANAGEMENT, LLC in Q2 2026?
Of 4 existing positions with share-count reductions in Q2 2026, the largest were: GLOBAL BUSINESS TRAVEL GROUP (GBTG, -7.0% weight, -49.9% shares), OPTIMUM COMMUNICATIONS INC (OPTU, -0.8% weight, -36.6% shares), MOLINA HEALTHCARE INC (MOH, -1.2% weight, -35.5% shares), ECHOSTAR CORP (SATS, -13.6% weight, -19.9% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.