REDWOOD CAPITAL MANAGEMENT, LLC Diversified Active

CIK: 0001316622 · Show all filings

Period: Q2 2021 (← Previous) (Next →)

Filing Date: Aug 16, 2021

Total Value ($000): $1,531,043 (100.0% shares, 0.0% debt)

Holdings (41)

BFH ALLIANCE DATA SYSTEMS CORP 12.3%

Value ($000) $188,205 Shares 1,806,368 Est. Cost $32.41 Unrealized +156.7%

PCG PG&E CORP 9.4%

Value ($000) $143,280 Shares 14,088,519 Est. Cost $15.37 Unrealized -31.0%

WFC WELLS FARGO CO NEW 8.0%

Value ($000) $122,305 Shares 2,700,477 Est. Cost $22.35 Unrealized +78.8%

C CITIGROUP INC 6.0%

Value ($000) $91,268 Shares 1,290,000 Est. Cost $42.03 Unrealized +49.2%

SVC SERVICE PPTYS TR 5.3%

Value ($000) $81,080 Shares 6,434,926 Est. Cost $8.22 Unrealized —

BHC BAUSCH HEALTH COS INC 4.4%

Value ($000) $67,528 Shares 2,303,137 Est. Cost $23.73 Unrealized +27.7%

— FRONTIER COMMUNICATIONS PARE 4.3%

Value ($000) $66,338 Shares 2,512,817 Est. Cost $26.40 Unrealized —

ADNT ADIENT PLC 3.8%

Value ($000) $58,133 Shares 1,286,123 Est. Cost $17.88 Unrealized +161.5%

RDN RADIAN GROUP INC 3.7%

Value ($000) $55,902 Shares 2,512,427 Est. Cost $12.56 Unrealized +60.3%

— IQIYI INC 3.3%

Value ($000) $49,945 Shares 49,758,000 Est. Cost $1.01 Unrealized —

— SPIRIT AEROSYSTEMS HLDGS INC 3.2%

Value ($000) $48,980 Shares 1,037,922 Est. Cost $47.98 Unrealized —

EPR EPR PPTYS 3.0%

Value ($000) $46,295 Shares 878,795 Est. Cost $31.46 Unrealized —

LOMA LOMA NEGRA C I A S A MTN 14 2.9%

Value ($000) $44,274 Shares 6,501,380 Est. Cost $4.56 Unrealized —

MTG MGIC INVT CORP WIS 2.9%

Value ($000) $43,991 Shares 3,234,596 Est. Cost $8.52 Unrealized +68.5%

VNO VORNADO RLTY TR 2.8%

Value ($000) $43,492 Shares 931,901 Est. Cost $36.54 Unrealized —

LAUR LAUREATE EDUCATION INC 2.5%

Value ($000) $38,128 Shares 2,627,672 Est. Cost $12.14 Unrealized +16.4%

— VEREIT INC 2.4%

Value ($000) $37,219 Shares 810,344 Est. Cost $37.79 Unrealized —

T AT&T INC 2.1%

Value ($000) $32,234 Shares 1,120,000 Est. Cost $16.81 Unrealized +1.0%

THC TENET HEALTHCARE CORP 1.7%

Value ($000) $26,738 Shares 399,138 Est. Cost $21.02 Unrealized +195.1%

— EQUITRANS MIDSTREAM CORP 1.7%

Value ($000) $26,643 Shares 3,130,760 Est. Cost $8.97 Unrealized —

HRI HERC HLDGS INC 1.6%

Value ($000) $25,259 Shares 225,390 Est. Cost $37.75 Unrealized +158.0%

APEI AMERICAN PUB ED INC 1.4%

Value ($000) $22,031 Shares 777,380 Est. Cost $30.19 Unrealized 0.0%

MSC STUDIO CITY INTL HLDGS LTD 1.3%

Value ($000) $20,011 Shares 1,737,108 Est. Cost $16.21 Unrealized —

SYF SYNCHRONY FINANCIAL 1.3%

Value ($000) $19,408 Shares 400,000 Est. Cost $41.04 Unrealized 0.0%

MERC MERCER INTL INC 1.2%

Value ($000) $18,139 Shares 1,422,689 Est. Cost $6.12 Unrealized +108.9%

— MDC PARTNERS INC. 1.0%

Value ($000) $15,650 Shares 2,675,241 Est. Cost $7.08 Unrealized —

— PLAYA HOTELS & RESORTS NV 0.8%

Value ($000) $12,281 Shares 1,652,827 Est. Cost $4.43 Unrealized —

WTW WILLIS TOWERS WATSON PLC LTD 0.8%

Value ($000) $12,072 Shares 52,482 Est. Cost $233.78 Unrealized 0.0%

STLA STELLANTIS N.V 0.7%

Value ($000) $11,038 Shares 560,000 Est. Cost $19.71 Unrealized —

— NCL CORP LTD 0.6%

Value ($000) $9,285 Shares 4,000,000 Est. Cost $2.32 Unrealized —

CCL CARNIVAL CORP 0.6%

Value ($000) $9,226 Shares 350,000 Est. Cost $17.78 Unrealized +57.5%

— SABRE GLBL INC 0.6%

Value ($000) $9,100 Shares 5,000,000 Est. Cost $1.82 Unrealized —

TEO TELECOM ARGENTINA S A 0.6%

Value ($000) $8,904 Shares 1,673,691 Est. Cost $21.91 Unrealized —

GASS STEALTHGAS INC 0.4%

Value ($000) $6,758 Shares 2,404,887 Est. Cost $10.36 Unrealized -71.7%

ALLY ALLY FINL INC 0.3%

Value ($000) $4,984 Shares 100,000 Est. Cost $13.20 Unrealized +231.6%

— VERSO CORP 0.3%

Value ($000) $4,405 Shares 248,881 Est. Cost $6.97 Unrealized —

DHC DIVERSIFIED HEALTHCARE TR 0.2%

Value ($000) $3,151 Shares 753,801 Est. Cost $4.18 Unrealized —

TAK TAKEDA PHARMACEUTICAL CO LTD 0.2%

Value ($000) $2,993 Shares 177,815 Est. Cost $20.37 Unrealized —

— CURO GROUP HOLDINGS CORP 0.1%

Value ($000) $2,094 Shares 123,172 Est. Cost $9.49 Unrealized —

VTRS VIATRIS INC 0.1%

Value ($000) $1,429 Shares 100,000 Est. Cost $13.33 Unrealized -11.0%

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.1%

Value ($000) $847 Shares 321,006 Est. Cost $5.11 Unrealized -53.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BFH	ALLIANCE DATA SYSTEMS CORP	1,806,368	$188,205	12.3%	$32.41	+156.7%	COM	018581108
PCG	PG&E CORP	14,088,519	$143,280	9.4%	$15.37	-31.0%	COM	69331C108
WFC	WELLS FARGO CO NEW	2,700,477	$122,305	8.0%	$22.35	+78.8%	COM	949746101
C	CITIGROUP INC	1,290,000	$91,268	6.0%	$42.03	+49.2%	COM NEW	172967424
SVC	SERVICE PPTYS TR	6,434,926	$81,080	5.3%	$8.22	—	COM SH BEN INT	81761L102
BHC	BAUSCH HEALTH COS INC	2,303,137	$67,528	4.4%	$23.73	+27.7%	COM	071734107
—	FRONTIER COMMUNICATIONS PARE	2,512,817	$66,338	4.3%	$26.40	—	COM	35909D109
ADNT	ADIENT PLC	1,286,123	$58,133	3.8%	$17.88	+161.5%	ORD SHS	G0084W101
RDN	RADIAN GROUP INC	2,512,427	$55,902	3.7%	$12.56	+60.3%	COM	750236101
—	IQIYI INC	49,758,000	$49,945	3.3%	$1.01	—	NOTE 4.000%12/1	46267XAE8
—	SPIRIT AEROSYSTEMS HLDGS INC	1,037,922	$48,980	3.2%	$47.98	—	COM CL A	848574109
EPR	EPR PPTYS	878,795	$46,295	3.0%	$31.46	—	COM SH BEN INT	26884U109
LOMA	LOMA NEGRA C I A S A MTN 14	6,501,380	$44,274	2.9%	$4.56	—	SPONSORED ADS	54150E104
MTG	MGIC INVT CORP WIS	3,234,596	$43,991	2.9%	$8.52	+68.5%	COM	552848103
VNO	VORNADO RLTY TR	931,901	$43,492	2.8%	$36.54	—	SH BEN INT	929042109
LAUR	LAUREATE EDUCATION INC	2,627,672	$38,128	2.5%	$12.14	+16.4%	CL A	518613203
—	VEREIT INC	810,344	$37,219	2.4%	$37.79	—	COM	92339V308
T	AT&T INC	1,120,000	$32,234	2.1%	$16.81	+1.0%	COM	00206R102
THC	TENET HEALTHCARE CORP	399,138	$26,738	1.7%	$21.02	+195.1%	COM NEW	88033G407
—	EQUITRANS MIDSTREAM CORP	3,130,760	$26,643	1.7%	$8.97	—	COM	294600101
HRI	HERC HLDGS INC	225,390	$25,259	1.6%	$37.75	+158.0%	COM	42704L104
APEI	AMERICAN PUB ED INC	777,380	$22,031	1.4%	$30.19	0.0%	COM	02913V103
MSC	STUDIO CITY INTL HLDGS LTD	1,737,108	$20,011	1.3%	$16.21	—	SPON ADS	86389T106
SYF	SYNCHRONY FINANCIAL	400,000	$19,408	1.3%	$41.04	0.0%	COM	87165B103
MERC	MERCER INTL INC	1,422,689	$18,139	1.2%	$6.12	+108.9%	COM	588056101
—	MDC PARTNERS INC.	2,675,241	$15,650	1.0%	$7.08	—	CL A SUB VTG	552697104
—	PLAYA HOTELS & RESORTS NV	1,652,827	$12,281	0.8%	$4.43	—	SHS	N70544106
WTW	WILLIS TOWERS WATSON PLC LTD	52,482	$12,072	0.8%	$233.78	0.0%	SHS	G96629103
STLA	STELLANTIS N.V	560,000	$11,038	0.7%	$19.71	—	SHS	N82405106
—	NCL CORP LTD	4,000,000	$9,285	0.6%	$2.32	—	NOTE 6.000% 5/1	62886HAT8
CCL	CARNIVAL CORP	350,000	$9,226	0.6%	$17.78	+57.5%	UNIT 99/99/9999	143658300
—	SABRE GLBL INC	5,000,000	$9,100	0.6%	$1.82	—	NOTE 4.000% 4/1	78573NAE2
TEO	TELECOM ARGENTINA S A	1,673,691	$8,904	0.6%	$21.91	—	SPON ADR REP B	879273209
GASS	STEALTHGAS INC	2,404,887	$6,758	0.4%	$10.36	-71.7%	SHS	Y81669106
ALLY	ALLY FINL INC	100,000	$4,984	0.3%	$13.20	+231.6%	COM	02005N100
—	VERSO CORP	248,881	$4,405	0.3%	$6.97	—	CL A	92531L207
DHC	DIVERSIFIED HEALTHCARE TR	753,801	$3,151	0.2%	$4.18	—	COM SH BEN INT	25525P107
TAK	TAKEDA PHARMACEUTICAL CO LTD	177,815	$2,993	0.2%	$20.37	—	SPONSORED ADS	874060205
—	CURO GROUP HOLDINGS CORP	123,172	$2,094	0.1%	$9.49	—	COM	23131L107
VTRS	VIATRIS INC	100,000	$1,429	0.1%	$13.33	-11.0%	COM	92556V106
CCO	CLEAR CHANNEL OUTDOOR HLDGS	321,006	$847	0.1%	$5.11	-53.1%	COM	18453H106