Redwood Grove Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Redwood Grove Capital, LLC reported 21 stock positions worth $349.4 million. Its top holding was Alphabet Class C (GOOG) at 8.8% of the portfolio, followed by Elanco Animal Health (ELAN, 8.1%) and Humana (HUM, 7.9%). Compared with Q2 2025, it opened 2 new positions, sold out of 3, added to 7 and reduced 5. The biggest buy was a new position in Idex (IEX) and the biggest sale an exit from NV5 Global (NVEE).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001691170
- Portfolio Value
- $349.4M (Q3 2025)
- SEC Filing
- 0001691170-25-000003 ↗ filed Nov 14, 2025
Holdings Value
Holdings 21 stocks · $349.4M
| GOOG Alphabet Inc. Class C | 8.75% | 125,581 | $30.6M | No change |
| ELAN Elanco Animal Health Inc. | 8.11% | 1,407,000 | $28.3M | Add +7.4% |
| HUM Humana Inc. | 7.87% | 105,670 | $27.5M | Add +70.0% |
| FSLR First Solar Inc. | 6.58% | 104,200 | $23.0M | Add +20.2% |
| SHLS Shoals Technologies Group -A | 6.12% | 2,886,422 | $21.4M | Reduce -11.6% |
| AMRC Ameresco Inc. Class A | 5.96% | 619,625 | $20.8M | Reduce -8.9% |
| FISV Fiserv Inc. | 5.60% | 151,832 | $19.6M | Add +53.8% |
| QCOM Qualcomm Inc. | 5.19% | 109,006 | $18.1M | Add +5.6% |
| POR Portland General Electric Co. | 5.17% | 410,321 | $18.1M | Add +31.5% |
| IQV Iqvia Holdings Inc. | 4.63% | 85,200 | $16.2M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 4.50% | 304,607 | $15.7M | No change |
| ARRY Array Technologies Inc. | 4.06% | 1,739,253 | $14.2M | Reduce -8.5% |
| GNRC Generac Holdings Inc. | 3.90% | 81,380 | $13.6M | No change |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 3.87% | 219,682 | $13.5M | No change |
| MRK Merck & Co. Inc. | 3.52% | 146,368 | $12.3M | Add +16.8% |
| SNY Sanofi-ADR | 3.42% | 252,841 | $11.9M | Reduce -11.2% |
| SW Smurfit Westrock PLC | 3.19% | 261,636 | $11.1M | No change |
| PYPL PayPal Holdings Inc. | 3.12% | 162,404 | $10.9M | No change |
| IEX Idex Corp. | 3.08% | 66,100 | $10.8M | New |
| ICFI Icf International Inc. | 2.41% | 90,711 | $8.4M | New |
| URI United Rentals Inc. | 0.96% | 3,525 | $3.4M | Reduce -79.5% |
Portfolio Sells Q2 2025 → Q3 2025
| NVEE NV5 Global Inc. | Sold out | 0.00% | −4.73 |
| WDC Western Digital Corp. | Sold out | 0.00% | −4.52 |
| URI United Rentals Inc. | Reduce -79.5% | 0.96% | −3.34 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.93 |
| SNY Sanofi-ADR | Reduce -11.2% | 3.42% | −1.15 |
| ARRY Array Technologies Inc. | Reduce -8.5% | 4.06% | +0.34 |
| SHLS Shoals Technologies Group -A | Reduce -11.6% | 6.12% | +1.52 |
| AMRC Ameresco Inc. Class A | Reduce -8.9% | 5.96% | +2.53 |
Portfolio Buys Q2 2025 → Q3 2025
| IEX Idex Corp. | New | 3.08% | +3.08 |
| HUM Humana Inc. | Add +70.0% | 7.87% | +2.83 |
| ICFI Icf International Inc. | New | 2.41% | +2.41 |
| ELAN Elanco Animal Health Inc. | Add +7.4% | 8.11% | +1.91 |
| FSLR First Solar Inc. | Add +20.2% | 6.58% | +1.82 |
| POR Portland General Electric Co. | Add +31.5% | 5.17% | +0.96 |
| MRK Merck & Co. Inc. | Add +16.8% | 3.52% | +0.22 |
| FISV Fiserv Inc. | Add +53.8% | 5.60% | −0.04 |
| QCOM Qualcomm Inc. | Add +5.6% | 5.19% | −0.26 |
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 |