Redwood Grove Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Redwood Grove Capital, LLC reported 22 stock positions worth $301.4 million. Its top holding was Alphabet Class C (GOOG) at 7.4% of the portfolio, followed by Elanco Animal Health (ELAN, 6.2%) and Fiserv (FISV, 5.6%). Compared with Q1 2025, it opened 1 new position, sold out of 2, added to 5 and reduced 6. The biggest buy was Elanco Animal Health (ELAN, shares +52%) and the biggest sale an exit from American Express (AXP).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001691170
- Portfolio Value
- $301.4M (Q2 2025)
- SEC Filing
- 0001085146-25-005128 ↗ filed Aug 14, 2025
Holdings Value
Holdings 22 stocks · $301.4M
| GOOG Alphabet Inc. Class C | 7.39% | 125,581 | $22.3M | No change |
| ELAN Elanco Animal Health Inc. | 6.21% | 1,310,000 | $18.7M | Add +52.3% |
| FISV Fiserv Inc. | 5.65% | 98,732 | $17.0M | Reduce -0.5% |
| QCOM Qualcomm Inc. | 5.45% | 103,206 | $16.4M | No change |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 5.36% | 219,682 | $16.2M | No change |
| HUM Humana Inc. | 5.04% | 62,170 | $15.2M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 4.78% | 304,607 | $14.4M | Reduce -15.5% |
| FSLR First Solar Inc. | 4.76% | 86,700 | $14.4M | Reduce -16.4% |
| NVEE NV5 Global Inc. | 4.73% | 617,108 | $14.2M | Add +14.5% |
| SHLS Shoals Technologies Group -A | 4.60% | 3,264,805 | $13.9M | Add +8.3% |
| SNY Sanofi-ADR | 4.57% | 284,841 | $13.8M | No change |
| WDC Western Digital Corp. | 4.52% | 212,818 | $13.6M | No change |
| IQV Iqvia Holdings Inc. | 4.45% | 85,200 | $13.4M | Add +63.2% |
| URI United Rentals Inc. | 4.31% | 17,225 | $13.0M | No change |
| POR Portland General Electric Co. | 4.21% | 312,021 | $12.7M | Reduce -10.1% |
| PYPL PayPal Holdings Inc. | 4.00% | 162,404 | $12.1M | Reduce -11.4% |
| GNRC Generac Holdings Inc. | 3.87% | 81,380 | $11.7M | No change |
| SW Smurfit Westrock PLC | 3.75% | 261,636 | $11.3M | No change |
| ARRY Array Technologies Inc. | 3.72% | 1,901,120 | $11.2M | Reduce -12.5% |
| AMRC Ameresco Inc. Class A | 3.43% | 679,833 | $10.3M | Add +36.0% |
| MRK Merck & Co. Inc. | 3.29% | 125,368 | $9.9M | No change |
| ADBE Adobe Inc. | 1.93% | 15,000 | $5.8M | New |
Portfolio Sells Q1 2025 → Q2 2025
| AXP American Express Co. | Sold out | 0.00% | −2.77 |
| FISV Fiserv Inc. | Reduce -0.5% | 5.65% | −2.21 |
| POR Portland General Electric Co. | Reduce -10.1% | 4.21% | −1.34 |
| BAC Bank of America Corp. | Reduce -15.5% | 4.78% | −0.61 |
| ASPN Aspen Aerogels Inc. | Sold out | 0.00% | −0.34 |
| PYPL PayPal Holdings Inc. | Reduce -11.4% | 4.00% | −0.29 |
| ARRY Array Technologies Inc. | Reduce -12.5% | 3.72% | −0.07 |
| FSLR First Solar Inc. | Reduce -16.4% | 4.76% | +0.06 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 25 | $394.7M | ELAN, XYL, GOOG, HUM, SW |
| Q1 2026 | 22 | $309.8M | ELAN, GOOG, SHLS, HUM, FSLR |
| Q4 2025 | 22 | $350.7M | ELAN, GOOG, HUM, FSLR, SHLS |
| Q3 2025 | 21 | $349.4M | GOOG, ELAN, HUM, FSLR, SHLS |
| Q2 2025 | 22 | $301.4M | GOOG, ELAN, FISV, QCOM, IFF |
| Q1 2025 | 23 | $278.9M | FISV, GOOG, IFF, HUM, QCOM |
| Q4 2024 | 23 | $322.9M | GOOG, FISV, XIFR, SNY, IFF |
| Q3 2024 | 22 | $368.2M | XIFR, GNRC, GOOG, IFF, SNY |
| Q2 2024 | 26 | $319.4M | XIFR, GOOGL, IFF, GNRC, AMGN |
| Q1 2024Amended | 27 | $321.0M | XIFR, QCOM, CTLT, ARRY, GNRC |