Redwood Capital Management, LLC

Name: REDWOOD CAPITAL MANAGEMENT, LLC 13F holdings, Q2 2024
Creator: REDWOOD CAPITAL MANAGEMENT, LLC
Published: 2024-08-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Redwood Capital Management, LLC reported 14 stock positions worth $465.2 million. Its top holding was Aercap (AER) at 42.9% of the portfolio, followed by Echostar Class A (ECHO, 22.6%) and Loma Negra Cia Ind-Spon ADR (LOMA, 6.5%). Compared with Q1 2024, it opened 1 new position, sold out of 4, added to 4 and reduced 4. The biggest buy was Echostar Class A (ECHO, shares +32%) and the biggest sale an exit from Ally Financial (ALLY).

Most Recent 13F: Q2 2026
Location: New York, NY
CIK: 0001316622
Portfolio Value: $465.2M (Q2 2024)
SEC Filing: 0000919574-24-004617 ↗ filed Aug 14, 2024

Holdings Value

Holdings 14 stocks · $465.2M


AER Aercap Holdings NV	42.91%	2,142,023	$199.6M	No change
ECHO Echostar Corp. Class A	22.65%	5,915,934	$105.4M	Add +32.4%
LOMA Loma Negra Cia Ind-Spon ADR	6.52%	4,490,486	$30.4M	Reduce -23.6%
APEI American Public Education	5.30%	1,402,082	$24.6M	Reduce -0.7%
CCL Carnival Corp.	4.52%	1,124,260	$21.0M	No change
MSC Studio City Internationa-ADR	4.11%	3,268,921	$19.1M	Add +0.0%
OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC	3.59%	8,189,270	$16.7M	No change
MERC Mercer International Inc.	3.14%	1,712,725	$14.6M	Reduce -9.9%
CZR Caesars Entertainment Inc.	2.73%	320,000	$12.7M	Add +45.5%
X United States Steel Corp.	2.44%	300,000	$11.3M	Add +50.0%
NBIS Nebius Group NV filed as YANDEX N V	0.75%	387,585	$3.5M	No change
CBL CBL & Associates Properties	0.59%	117,613	$2.7M	No change
TEO Telecom Argentina SA-SP ADR	0.53%	340,428	$2.5M	Reduce -86.0%
OPITQ Office Properties Income Tru	0.21%	489,684	$999K	New

Other holdings (3): bonds, preferreds, convertibles and warrants · $185.2M (not counted above)

Security	Class	Shares / Principal	Value	Change
DISH NETWORK CORP (DISH 0 12/15/25)	NOTE 12/1 · principal	108,722,000	$80.0M	No change
UPSTART HOLDINGS INC (UPST 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	76,456,000	$59.5M	No change
DISH NETWORK CORP (DISH 3.375 08/15/26)	NOTE 3.375% 8/1 · principal	72,298,000	$45.7M	Add +11.2%

Total filed on the 13F, all lines: $650.4M.

Portfolio Sells Q1 2024 → Q2 2024


ALLY Ally Financial Inc.	Sold out	0.00%	−7.46
DOLE Dole PLC	Sold out	0.00%	−4.39
C Citigroup Inc.	Sold out	0.00%	−3.52
SPY SS SPDR S&P 500 ETF Trust-US	Sold out	0.00%	−3.24
TEO Telecom Argentina SA-SP ADR	Reduce -86.0%	0.53%	−3.11
LOMA Loma Negra Cia Ind-Spon ADR	Reduce -23.6%	6.52%	−0.85
MERC Mercer International Inc.	Reduce -9.9%	3.14%	−0.41
APEI American Public Education	Reduce -0.7%	5.30%	+1.53

Portfolio Buys Q1 2024 → Q2 2024


ECHO Echostar Corp. Class A	Add +32.4%	22.65%	+10.67
CZR Caesars Entertainment Inc.	Add +45.5%	2.73%	+0.92
X United States Steel Corp.	Add +50.0%	2.44%	+0.90
OPITQ Office Properties Income Tru	New	0.21%	+0.21
MSC Studio City Internationa-ADR	Add +0.0%	4.11%	−0.15

Notes & Other Activity Q1 2024 → Q2 2024


DISH NETWORK CORP (DISH 3.375 08/15/26)	NOTE 3.375% 8/1 · principal	Add +11.2%	72,298,000	$45.7M

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