Redwood Capital Management, LLC
Net buyer this quarter
$927M
24
+$229M
87.3%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 VSAT | $198M | 21.34% | 1.61% | New | Q2 2026 |
 ECHO | $129M | 13.90% | 2.66% | -19.9% | Q1 2024 |
| GBTG | $103M | 11.14% | 2.11% | -49.9% | Q3 2025 |
 MBC | $101M | 10.90% | 4.83% | +663.7% | Q1 2026 |
 OPI | $73.6M | 7.93% | 19.71% | Not reported | Q2 2024 |
 AER | $58.9M | 6.35% | 0.24% | Not reported | Q3 2021 |
 TDS | $47.2M | 5.09% | 1.11% | Not reported | Q1 2025 |
 MOH | $45.7M | 4.93% | 0.38% | -35.5% | Q3 2025 |
 ELV | $32.8M | 3.54% | 0.04% | Not reported | Q4 2014 |
 KBR | $19.9M | 2.14% | 0.45% | New | Q2 2026 |
 FBIN | $18.2M | 1.97% | 0.28% | New | Q2 2026 |
 CNC | $13.4M | 1.44% | 0.04% | Not reported | Q2 2019 |
 CZR | $12.7M | 1.37% | 0.21% | Not reported | Q4 2018 |
 UNH | $11.4M | 1.23% | 0.00% | Not reported | Q1 2020 |
 AERO | $10.5M | 1.13% | 0.04% | +5.8% | Q1 2026 |
| SOC | $9.24M | 1.00% | 1.94% | New | Q2 2026 |
 OPTU | $7.52M | 0.81% | 1.83% | -36.6% | Q3 2021 |
 AZUL | $7.34M | 0.79% | 0.09% | New | Q2 2026 |
 CBL | $6.24M | 0.67% | 0.38% | Not reported | Q4 2021 |
 MSC | $5.93M | 0.64% | Not reported | Not reported | Q4 2018 |
 NCLH | $5.49M | 0.59% | 0.06% | New | Q2 2026 |
 MERC | $3.07M | 0.33% | 6.94% | Not reported | Q2 2013 |
 EHTH | $696K | 0.08% | 1.47% | Not reported | Q3 2024 |
 APEI | $537K | 0.06% | 0.05% | Not reported | Q2 2021 |
| Q1 2026 | |||||
| ECHO | $186M | 27.52% | 3.32% | -30.1% | Q1 2024 |
| GBTG | $123M | 18.17% | 4.19% | +2.3% | Q3 2025 |
| AER | $55.5M | 8.23% | 0.24% | -69.0% | Q3 2021 |
| TDS | $53.7M | 7.96% | 1.12% | +45.5% | Q1 2025 |
| MOH | $41.3M | 6.13% | 0.60% | +181.8% | Q3 2025 |
 VISN | $24.9M | 3.69% | 0.61% | New | Q1 2026 |
| ELV | $24.8M | 3.68% | 0.04% | Not reported | Q4 2014 |
| CZR | $11.1M | 1.65% | 0.21% | Not reported | Q4 2018 |
| MBC | $10.7M | 1.59% | 1.00% | New | Q1 2026 |
| OPTU | $10.6M | 1.58% | 2.79% | Not reported | Q3 2021 |
| MSC | $7.87M | 1.17% | Not reported | Not reported | Q4 2018 |
| AERO | $7.73M | 1.15% | 0.04% | New | Q1 2026 |
| UNH | $7.44M | 1.10% | 0.00% | Not reported | Q1 2020 |
| CNC | $6.83M | 1.01% | 0.04% | Not reported | Q2 2019 |
| MERC | $6.6M | 0.98% | 6.94% | Not reported | Q2 2013 |
| CBL | $4.52M | 0.67% | 0.38% | Not reported | Q4 2021 |
| AMWD | $2.88M | 0.43% | 0.50% | Not reported | Q2 2022 |
 KLC | $2.75M | 0.41% | 1.06% | New | Q1 2026 |
| GOCO | $1.4M | 0.21% | 92424.40% | Not reported | Q3 2025 |
| EHTH | $603K | 0.09% | 1.50% | Not reported | Q3 2024 |
| APEI | $569K | 0.08% | 0.05% | Not reported | Q2 2021 |
| Q4 2025 | |||||
| ECHO | $247M | 26.39% | 4.76% | -59.5% | Q1 2024 |
| AER | $188M | 20.08% | 0.78% | Not reported | Q3 2021 |
| GBTG | $164M | 17.57% | 4.10% | 0.0% | Q3 2025 |
| TDS | $35.9M | 3.85% | 0.77% | Not reported | Q1 2025 |
| ELV | $29.7M | 3.18% | 0.04% | +61.5% | Q4 2014 |
| MOH | $19.1M | 2.04% | 0.22% | +88.4% | Q3 2025 |
| OPTU | $13.5M | 1.45% | 2.85% | Not reported | Q3 2021 |
| MSC | $11.5M | 1.23% | Not reported | Not reported | Q4 2018 |
| CZR | $9.82M | 1.05% | 0.21% | +31.3% | Q4 2018 |
| MERC | $9.2M | 0.99% | 6.94% | Not reported | Q2 2013 |
| UNH | $9.08M | 0.97% | 0.00% | Not reported | Q1 2020 |
| CNC | $8.58M | 0.92% | 0.04% | Not reported | Q2 2019 |
| CBL | $4.35M | 0.47% | 0.39% | Not reported | Q4 2021 |
| EHTH | $2.15M | 0.23% | 1.51% | Not reported | Q3 2024 |
| GOCO | $1.99M | 0.21% | 92424.40% | Not reported | Q3 2025 |
| APEI | $378K | 0.04% | 0.06% | Not reported | Q2 2021 |
| Q3 2025 | |||||
| ECHO | $428M | 41.43% | 11.74% | -29.5% | Q1 2024 |
| GBTG | $173M | 16.79% | 4.08% | New | Q3 2025 |
| AER | $158M | 15.30% | 0.73% | -7.5% | Q3 2021 |
| TDS | $34.4M | 3.33% | 0.76% | +0.7% | Q1 2025 |
| OPTU | $19.7M | 1.91% | 2.87% | Not reported | Q3 2021 |
| ELV | $17M | 1.64% | 0.02% | Not reported | Q4 2014 |
| MERC | $13.4M | 1.30% | 6.94% | +38.0% | Q2 2013 |
| MOH | $11.2M | 1.08% | 0.11% | New | Q3 2025 |
| UNH | $9.5M | 0.92% | 0.00% | Not reported | Q1 2020 |
| MSC | $8.84M | 0.86% | Not reported | Not reported | Q4 2018 |
| CZR | $8.65M | 0.84% | 0.15% | Not reported | Q4 2018 |
| CNC | $7.44M | 0.72% | 0.04% | Not reported | Q2 2019 |
| GOCO | $4.45M | 0.43% | 92424.40% | New | Q3 2025 |
| CBL | $3.6M | 0.35% | 0.38% | Not reported | Q4 2021 |
| EHTH | $2.01M | 0.20% | 1.53% | Not reported | Q3 2024 |
| APEI | $395K | 0.04% | 0.06% | -98.6% | Q2 2021 |