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REDWOOD CAPITAL MANAGEMENT, LLC — 13F Holdings & Portfolio

CIK 1316622 · latest 13F-HR filed 2026-08-14

Backtest portfolio

REDWOOD CAPITAL MANAGEMENT, LLC manages $927.4M in 13F-reported U.S. long-equity assets across 25 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VSAT (21.34%), ECHO (13.90%), GBTG (11.14%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 7 new positions and exited 4; 10 existing positions rose in reported value and 8 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$927.4M

Long-equity book

Holdings
25

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+7 / −4 / ↑10 / ↓8

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VSAT21.3% · newECHO13.9% · newGBTG11.1% · -50%MBC10.9% · +664%OPI7.9% · newAER6.4% · 0%TDS5.1% · 0%MOH4.9% · -36%ELV3.5% · 0%KBR2.1% · newFBIN2.0% · newCNC1.4% · 0%CZR1.4% · 0%UNH1.2% · 0%AERO1.1% · +6%SOC1.0% · newOPTU0.8% · -37%AZUL0.8% · newCBL0.7% · 0%MSC0.6% · 0%ECHO0.6% · -92%NCLH0.6% · newMERC0.3% · 0%EHTH0.1% · 0%APEI0.1% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 87.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Assets Under Management
$10.96B
Discretionary
$10.96B
Employees
33
Accounts
14
Address
250 W 55TH STREET
26TH FLOOR
NEW YORK, NY 10019
Phone
(212) 970-1400
Website
Name Title / Status Ownership Type
BENSLEY, ADAM, MICHAEL ControlGENERAL COUNSEL, CHIEF COMPLIANCE OFFICERLess than 5%Individual
BPBFF0817 II, LLC ControlLIMITED PARTNER25–50%Domestic Entity
DOUBLE TWINS K REDWOOD, LLC ControlLIMITED PARTNER50–75%Domestic Entity
DOUBLE TWINS K, LLC ControlGENERAL PARTNERGeneral partnerDomestic Entity
FORISH, LINDA, YING-YING ControlCHIEF OPERATING OFFICERLess than 5%Individual
HEALEY, ANTONIA, NMN ControlCHIEF FINANCIAL OFFICERLess than 5%Individual
KLIKSBERG, JOEL, MARTIN ControlTRUSTEEGeneral partnerIndividual
KLIKSBERG, RUBEN, DANIEL ControlCHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICERLess than 5%Individual
KLIKSBERG, RUBEN, DANIEL ControlMANAGING MEMBER50–75%Individual
KLIKSBERG, RUBEN, DANIEL ControlMANAGING MEMBER50–75%Individual
REDWOOD CAPITAL MANAGEMENT HOLDINGS, LP ControlSOLE OWNER OF REDWOOD CAPITAL MANAGEMENT, LLC75% or moreForeign Entity
SAULER, SEAN, IRA ControlDEPUTY-CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICERLess than 5%Individual
SAULER, SEAN, IRA ControlMANAGER75% or moreIndividual
TEOMIM FAMILY TRUST ControlSOLE MEMBER75% or moreDomestic Entity
TEOMIM MANAGER, LLC ControlMEMBER25–50%Domestic Entity
TEOMIM MANAGER, LLC ControlMEMBER25–50%Domestic Entity
WEINSTEIN, EYAL, NMN ControlTRUSTEEGeneral partnerIndividual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

REDWOOD CAPITAL MANAGEMENT, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VIASAT INC VSAT 92552V100 $197.9M 21.34% 2,203,640 SH
2 ECHOSTAR CORP ECHO 278768106 $128.9M 13.90% 1,270,079 SH
3 GLOBAL BUSINESS TRAVEL GROUP GBTG 37890B100 $103.3M 11.14% 10,998,642 SH
4 MASTERBRAND INC MBC 57638P104 $101.1M 10.90% 9,821,896 SH
5 OFFICE PPTYS INCOME TR OPI 67623C307 $73.6M 7.93% 4,327,521 SH
6 AERCAP HOLDINGS NV AER N00985106 $58.9M 6.35% 404,266 SH
7 TELEPHONE & DATA SYS INC TDS 879433829 $47.2M 5.09% 1,275,282 SH
8 MOLINA HEALTHCARE INC MOH 60855R100 $45.7M 4.93% 200,000 SH
9 ELEVANCE HEALTH INC FORMERLY ELV 036752103 $32.8M 3.54% 84,800 SH
10 KBR INC KBR 48242W106 $19.9M 2.14% 575,000 SH
11 FORTUNE BRANDS INNOVATIONS I FBIN 34964C106 $18.2M 1.97% 332,000 SH
12 CENTENE CORP DEL CNC 15135B101 $13.4M 1.44% 208,500 SH
13 CAESARS ENTERTAINMENT INC NE CZR 12769G100 $12.7M 1.37% 420,000 SH
14 UNITEDHEALTH GROUP INC UNH 91324P102 $11.4M 1.23% 27,500 SH
15 GRUPO AEROMEXICO SAB DE CV AERO 40054J109 $10.5M 1.13% 583,580 SH
16 SABLE OFFSHORE CORP SOC 78574H104 $9.2M 1.00% 3,000,000 SH
17 OPTIMUM COMMUNICATIONS INC OPTU 02156K103 $7.5M 0.81% 5,189,270 SH
18 AZUL S A AZUL 05501U601 $7.3M 0.79% 816,991 SH
19 CBL & ASSOC PPTYS INC CBL 124830878 $6.2M 0.67% 117,613 SH
20 STUDIO CITY INTL HLDGS LTD MSC 86389T106 $5.9M 0.64% 3,239,073 SH
21 ECHOSTAR CORP ECHO 278768AB2 $5.9M 0.64% 1,915,906 PRN
22 NORWEGIAN CRUISE LINE HLDGS NCLH G66721104 $5.5M 0.59% 260,000 SH
23 MERCER INTL INC MERC 588056101 $3.1M 0.33% 4,648,133 SH
24 EHEALTH INC EHTH 28238P109 $696.4K 0.08% 467,395 SH
25 AMERICAN PUB ED INC APEI 02913V103 $537.0K 0.06% 10,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $927.4M 25 0000919574-26-005278
2026-03-31 2026-05-15 $674.2M 22 0000919574-26-003316
2025-12-31 2026-02-17 $934.2M 17 0000919574-26-001171
2025-09-30 2025-11-14 $1.03B 17 0000919574-25-006883
Filer Information
Address
250 WEST 55TH ST.
26TH FLOOR
NEW YORK, NY 10019
Phone
(201) 227-5040
Filing Manager
REDWOOD CAPITAL MANAGEMENT, LLC
New York, NY
Signatory
Ruben Kliksberg
Chief Executive Officer