Redwood Grove Capital, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Redwood Grove Capital, LLC reported 22 stock positions worth $309.8 million. Its top holding was Elanco Animal Health (ELAN) at 10.0% of the portfolio, followed by Alphabet Class C (GOOG, 7.6%) and Shoals Technologies Group -A (SHLS, 6.5%). Compared with Q4 2025, it opened 2 new positions, sold out of 2, added to 7 and reduced 9. The biggest buy was a new position in Xylem (XYL) and the biggest sale an exit from Portland General Electric (POR).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001691170
- Portfolio Value
- $309.8M (Q1 2026)
- SEC Filing
- 0001691170-26-000005 ↗ filed May 15, 2026
Holdings Value
Holdings 22 stocks · $309.8M
| ELAN Elanco Animal Health Inc. | 9.98% | 1,291,800 | $30.9M | Reduce -17.0% |
| GOOG Alphabet Inc. Class C | 7.56% | 81,681 | $23.4M | Reduce -6.0% |
| SHLS Shoals Technologies Group -A | 6.45% | 3,037,422 | $20.0M | Add +20.2% |
| HUM Humana Inc. | 6.43% | 114,870 | $19.9M | Add +8.7% |
| FSLR First Solar Inc. | 6.01% | 94,400 | $18.6M | Reduce -2.9% |
| SW Smurfit Westrock PLC | 5.78% | 449,636 | $17.9M | Add +9.2% |
| XYL Xylem Inc. | 5.64% | 146,094 | $17.5M | New |
| IEX Idex Corp. | 5.63% | 92,100 | $17.5M | No change |
| IQV Iqvia Holdings Inc. | 5.15% | 93,500 | $15.9M | Add +103.7% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 5.14% | 219,682 | $15.9M | No change |
| FISV Fiserv Inc. | 4.64% | 257,632 | $14.4M | Add +35.7% |
| QCOM Qualcomm Inc. | 4.53% | 109,006 | $14.0M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.91% | 248,607 | $12.1M | Reduce -5.0% |
| AMRC Ameresco Inc. Class A | 3.86% | 469,525 | $12.0M | Reduce -4.7% |
| ICFI Icf International Inc. | 3.82% | 181,111 | $11.8M | Add +22.1% |
| ARRY Array Technologies Inc. | 3.68% | 1,576,953 | $11.4M | Reduce -4.4% |
| UCTT Ultra Clean Holdings Inc. | 3.26% | 162,358 | $10.1M | New |
| GNRC Generac Holdings Inc. | 3.11% | 49,280 | $9.6M | Reduce -39.4% |
| BRO Brown & Brown Inc. | 2.45% | 116,400 | $7.6M | Add +26.5% |
| SNY Sanofi-ADR | 1.27% | 81,557 | $3.9M | Reduce -56.8% |
| MRK Merck & Co. Inc. | 1.17% | 30,068 | $3.6M | Reduce -78.5% |
| URI United Rentals Inc. | 0.53% | 2,249 | $1.6M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| POR Portland General Electric Co. | Sold out | 0.00% | −4.33 |
| MRK Merck & Co. Inc. | Reduce -78.5% | 1.17% | −3.02 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −2.70 |
| SNY Sanofi-ADR | Reduce -56.8% | 1.27% | −1.34 |
| FSLR First Solar Inc. | Reduce -2.9% | 6.01% | −1.23 |
| ARRY Array Technologies Inc. | Reduce -4.4% | 3.68% | −0.66 |
| AMRC Ameresco Inc. Class A | Reduce -4.7% | 3.86% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -6.0% | 7.56% | −0.21 |
| BAC Bank of America Corp. | Reduce -5.0% | 3.91% | −0.19 |
| ELAN Elanco Animal Health Inc. | Reduce -17.0% | 9.98% | −0.07 |
| GNRC Generac Holdings Inc. | Reduce -39.4% | 3.11% | −0.06 |
Portfolio Buys Q4 2025 → Q1 2026
| XYL Xylem Inc. | New | 5.64% | +5.64 |
| UCTT Ultra Clean Holdings Inc. | New | 3.26% | +3.26 |
| IQV Iqvia Holdings Inc. | Add +103.7% | 5.15% | +2.20 |
| SW Smurfit Westrock PLC | Add +9.2% | 5.78% | +1.24 |
| FISV Fiserv Inc. | Add +35.7% | 4.64% | +1.00 |
| BRO Brown & Brown Inc. | Add +26.5% | 2.45% | +0.36 |
| SHLS Shoals Technologies Group -A | Add +20.2% | 6.45% | +0.33 |
| ICFI Icf International Inc. | Add +22.1% | 3.82% | +0.21 |
| HUM Humana Inc. | Add +8.7% | 6.43% | −1.29 |
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 |