Redwood Capital Management, LLC In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Redwood Capital Management, LLC reported 24 stock positions worth $921.5 million . Its top holding was Viasat (VSAT) at 21.5% of the portfolio, followed by Echostar Class A (ECHO, 14.0% ) and Global Business Travel (GBTG, 11.2% ). Compared with Q1 2026, it opened 7 new positions, sold out of 4, added to 2 and reduced 4. The biggest buy was a new position in Viasat (VSAT) and the biggest sale Echostar Class A (ECHO, shares −20% ).
Location New York, NY
CIK 0001316622
Portfolio Value $921.5M (Q2 2026) Holdings 24 stocks · $921.5M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 VSAT Viasat Inc. 2,203,640 $197.9M New ECHO Echostar Corp. Class A 1,270,079 $128.9M Reduce -19.9% GBTG Global Business Travel Group 10,998,642 $103.3M Reduce -49.9% MBC Masterbrand Inc. 9,821,896 $101.1M Add +663.7% OPI Office Properties Income Tru 4,327,521 $73.6M New AER Aercap Holdings NV 404,266 $58.9M No change TDS Telephone and Data Systems 1,275,282 $47.2M No change MOH Molina Healthcare Inc. 200,000 $45.7M Reduce -35.5% ELV Elevance Health Inc. 84,800 $32.8M No change KBR KBR Inc. 575,000 $19.9M New FBIN Fortune Brands Innovations I 332,000 $18.2M New CNC Centene Corp. 208,500 $13.4M No change CZR Caesars Entertainment Inc. 420,000 $12.7M No change UNH Unitedhealth Group Inc. 27,500 $11.4M No change AERO Grupo Aeromexico Sab DE CV 583,580 $10.5M Add +5.8% SOC Sable Offshore Corp. 3,000,000 $9.2M New OPTU Optimum Communications Inc. Class A 5,189,270 $7.5M Reduce -36.6% AZUL Azul SA-Spon ADR 816,991 $7.3M New CBL CBL & Associates Properties 117,613 $6.2M No change MSC Studio City Internationa-ADR 3,239,073 $5.9M No change NCLH Norwegian Cruise Line Holdin 260,000 $5.5M New MERC Mercer International Inc. 4,648,133 $3.1M No change EHTH Ehealth Inc. 467,395 $696K No change APEI American Public Education 10,000 $537K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $5.9M (not counted above) Total filed on the 13F, all lines: $927.4M.
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ ECHO Echostar Corp. Class A Reduce -19.9% 13.99% −17.47 GBTG Global Business Travel Group Reduce -49.9% 11.21% −9.56 VISN Vistance Networks Inc. Sold out 0.00% −4.22 MOH Molina Healthcare Inc. Reduce -35.5% 4.96% −2.04 OPTU Optimum Communications Inc. Class A Reduce -36.6% 0.82% −0.99 AMWD American Woodmark Corp. Sold out 0.00% −0.49 KLC Kindercare Learning Cos Inc. Sold out 0.00% −0.47 GOCOQ Gohealth Inc. Class A Sold out 0.00% −0.24
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ VSAT Viasat Inc. New 21.48% +21.48 MBC Masterbrand Inc. Add +663.7% 10.97% +9.16 OPI Office Properties Income Tru New 7.98% +7.98 KBR KBR Inc. New 2.15% +2.15 FBIN Fortune Brands Innovations I New 1.98% +1.98 SOC Sable Offshore Corp. New 1.00% +1.00 AZUL Azul SA-Spon ADR New 0.80% +0.80 NCLH Norwegian Cruise Line Holdin New 0.60% +0.60 AERO Grupo Aeromexico Sab DE CV Add +5.8% 1.14% −0.17
Notes & Other Activity Q1 2026 → Q2 2026 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 24 $921.5M VSAT, ECHO, GBTG, MBC, OPI Q1 2026 21 $589.9M ECHO, GBTG, AER, TDS, MOH Q4 2025 16 $753.5M ECHO, AER, GBTG, TDS, ELV Q3 2025 16 $899.4M ECHO, GBTG, AER, TDS, OPTU Q2 2025 10 $488.1M ECHO, AER, TDS, APEI, OPTU Q1 2025 12 $585.8M AER, ECHO, X, APEI, TDS Q4 2024 11 $524.3M AER, ECHO, X, APEI, OPTU Q3 2024 13 $503.6M AER, ECHO, LOMA, X, CCL Q2 2024 14 $465.2M AER, ECHO, LOMA, APEI, CCL Q1 2024 17 $531.9M AER, ECHO, ALLY, LOMA, DOLE