Redwood Grove Capital, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Redwood Grove Capital, LLC reported 22 stock positions worth $350.7 million. Its top holding was Elanco Animal Health (ELAN) at 10.0% of the portfolio, followed by Alphabet Class C (GOOG, 7.8%) and Humana (HUM, 7.7%). Compared with Q3 2025, it opened 1 new position, added to 5 and reduced 11. The biggest buy was a new position in Brown & Brown (BRO) and the biggest sale Ameresco Class A (AMRC, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001691170
- Portfolio Value
- $350.7M (Q4 2025)
- SEC Filing
- 0001691170-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 22 stocks · $350.7M
| ELAN Elanco Animal Health Inc. | 10.05% | 1,557,000 | $35.2M | Add +10.7% |
| GOOG Alphabet Inc. Class C | 7.77% | 86,881 | $27.3M | Reduce -30.8% |
| HUM Humana Inc. | 7.72% | 105,670 | $27.1M | No change |
| FSLR First Solar Inc. | 7.24% | 97,200 | $25.4M | Reduce -6.7% |
| SHLS Shoals Technologies Group -A | 6.12% | 2,526,422 | $21.5M | Reduce -12.5% |
| QCOM Qualcomm Inc. | 5.32% | 109,006 | $18.6M | No change |
| IEX Idex Corp. | 4.67% | 92,100 | $16.4M | Add +39.3% |
| SW Smurfit Westrock PLC | 4.54% | 411,636 | $15.9M | Add +57.3% |
| ARRY Array Technologies Inc. | 4.34% | 1,649,253 | $15.2M | Reduce -5.2% |
| POR Portland General Electric Co. | 4.33% | 316,321 | $15.2M | Reduce -22.9% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 4.22% | 219,682 | $14.8M | No change |
| MRK Merck & Co. Inc. | 4.19% | 139,668 | $14.7M | Reduce -4.6% |
| AMRC Ameresco Inc. Class A | 4.11% | 492,625 | $14.4M | Reduce -20.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 4.10% | 261,607 | $14.4M | Reduce -14.1% |
| FISV Fiserv Inc. | 3.64% | 189,832 | $12.8M | Add +25.0% |
| ICFI Icf International Inc. | 3.61% | 148,311 | $12.7M | Add +63.5% |
| GNRC Generac Holdings Inc. | 3.16% | 81,380 | $11.1M | No change |
| IQV Iqvia Holdings Inc. | 2.95% | 45,900 | $10.3M | Reduce -46.1% |
| PYPL PayPal Holdings Inc. | 2.70% | 162,404 | $9.5M | No change |
| SNY Sanofi-ADR | 2.61% | 188,841 | $9.2M | Reduce -25.3% |
| BRO Brown & Brown Inc. | 2.09% | 92,000 | $7.3M | New |
| URI United Rentals Inc. | 0.52% | 2,249 | $1.8M | Reduce -36.2% |
Portfolio Sells Q3 2025 → Q4 2025
| AMRC Ameresco Inc. Class A | Reduce -20.5% | 4.11% | −1.84 |
| IQV Iqvia Holdings Inc. | Reduce -46.1% | 2.95% | −1.68 |
| GOOG Alphabet Inc. Class C | Reduce -30.8% | 7.77% | −0.98 |
| POR Portland General Electric Co. | Reduce -22.9% | 4.33% | −0.84 |
| SNY Sanofi-ADR | Reduce -25.3% | 2.61% | −0.81 |
| URI United Rentals Inc. | Reduce -36.2% | 0.52% | −0.44 |
| BAC Bank of America Corp. | Reduce -14.1% | 4.10% | −0.40 |
| SHLS Shoals Technologies Group -A | Reduce -12.5% | 6.12% | +0.00 |
| ARRY Array Technologies Inc. | Reduce -5.2% | 4.34% | +0.28 |
| FSLR First Solar Inc. | Reduce -6.7% | 7.24% | +0.66 |
| MRK Merck & Co. Inc. | Reduce -4.6% | 4.19% | +0.68 |
Portfolio Buys Q3 2025 → Q4 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 |