REDWOOD CAPITAL MANAGEMENT, LLC Diversified Active

CIK: 0001316622 · Show all filings

Period: Q2 2022 (← Previous) (Next →)

Filing Date: Aug 15, 2022

Total Value ($000): $739,021 (89.8% shares, 10.2% debt)

Holdings (42)

OPTU ALTICE USA INC 13.6%

Value ($000) $100,267 Shares 10,839,699 Est. Cost $18.46 Unrealized -43.3%

AER AERCAP HOLDINGS NV 9.1%

Value ($000) $66,920 Shares 1,634,593 Est. Cost $56.52 Unrealized -19.3%

— IQIYI INC 6.0%

Value ($000) $44,374 Shares 66,683,000 Est. Cost $0.95 Unrealized —

C CITIGROUP INC 5.5%

Value ($000) $40,931 Shares 890,000 Est. Cost $42.03 Unrealized +4.1%

MERC MERCER INTL INC 5.4%

Value ($000) $39,675 Shares 3,017,131 Est. Cost $8.14 Unrealized +60.5%

— SPIRIT AEROSYSTEMS HLDGS INC 4.8%

Value ($000) $35,573 Shares 1,214,079 Est. Cost $44.84 Unrealized —

BFH BREAD FINANCIAL HOLDINGS INC 4.5%

Value ($000) $33,186 Shares 895,478 Est. Cost $41.29 Unrealized +14.8%

ADNT ADIENT PLC 4.4%

Value ($000) $32,715 Shares 1,104,134 Est. Cost $24.46 Unrealized +37.4%

APEI AMERICAN PUB ED INC 4.1%

Value ($000) $29,931 Shares 1,852,192 Est. Cost $27.89 Unrealized -38.9%

LOMA LOMA NEGRA C I A S A MTN 14 4.0%

Value ($000) $29,837 Shares 5,873,428 Est. Cost $4.56 Unrealized —

RDN RADIAN GROUP INC 3.8%

Value ($000) $28,072 Shares 1,428,589 Est. Cost $12.56 Unrealized +48.2%

VNO VORNADO RLTY TR 3.6%

Value ($000) $26,643 Shares 931,901 Est. Cost $36.54 Unrealized —

BHC BAUSCH HEALTH COS INC 3.1%

Value ($000) $23,024 Shares 2,754,118 Est. Cost $22.65 Unrealized -38.3%

DOLE DOLE PLC 2.9%

Value ($000) $21,638 Shares 2,557,687 Est. Cost $13.85 Unrealized -27.2%

THC TENET HEALTHCARE CORP 2.8%

Value ($000) $20,979 Shares 399,138 Est. Cost $21.02 Unrealized +231.1%

— EQUITRANS MIDSTREAM CORP 2.7%

Value ($000) $19,912 Shares 3,130,760 Est. Cost $8.97 Unrealized —

CCL CARNIVAL CORP 2.3%

Value ($000) $17,077 Shares 1,974,260 Est. Cost $21.03 Unrealized -30.2%

TEO TELECOM ARGENTINA SA 2.2%

Value ($000) $16,313 Shares 3,585,329 Est. Cost $12.89 Unrealized —

— OAK STR HEALTH INC 2.2%

Value ($000) $16,157 Shares 22,440,000 Est. Cost $0.79 Unrealized —

ACT ENACT HLDGS INC 2.1%

Value ($000) $15,223 Shares 708,728 Est. Cost $17.14 Unrealized +14.6%

MTG MGIC INVT CORP WIS 1.4%

Value ($000) $10,341 Shares 820,705 Est. Cost $8.52 Unrealized +54.3%

GASS STEALTHGAS INC 1.0%

Value ($000) $7,720 Shares 2,404,887 Est. Cost $10.36 Unrealized -73.1%

— LOYALTY VENTURES INC 1.0%

Value ($000) $7,068 Shares 1,979,885 Est. Cost $28.10 Unrealized —

MSC STUDIO CITY INTL HLDGS LTD 1.0%

Value ($000) $7,043 Shares 3,275,911 Est. Cost $11.27 Unrealized —

STLA STELLANTIS N.V 0.9%

Value ($000) $6,922 Shares 560,000 Est. Cost $19.71 Unrealized —

— SABRE GLBL INC 0.7%

Value ($000) $5,175 Shares 5,000,000 Est. Cost $1.82 Unrealized —

SVC SERVICE PPTYS TR 0.7%

Value ($000) $4,875 Shares 932,122 Est. Cost $8.22 Unrealized —

META META PLATFORMS INC 0.7%

Value ($000) $4,838 Shares 30,000 Est. Cost $248.19 Unrealized -22.8%

— NCL CORP LTD 0.6%

Value ($000) $4,405 Shares 4,000,000 Est. Cost $2.32 Unrealized —

STGW STAGWELL INC 0.5%

Value ($000) $3,707 Shares 682,708 Est. Cost $6.67 Unrealized +6.2%

— REDFIN CORP 0.5%

Value ($000) $3,630 Shares 6,000,000 Est. Cost $0.74 Unrealized —

ALLY ALLY FINL INC 0.5%

Value ($000) $3,351 Shares 100,000 Est. Cost $13.20 Unrealized +164.0%

CBL CBL & ASSOC PPTYS INC 0.4%

Value ($000) $2,724 Shares 115,946 Est. Cost $31.73 Unrealized —

EXE CHESAPEAKE ENERGY CORP 0.2%

Value ($000) $1,527 Shares 18,824 Est. Cost $45.03 Unrealized +68.7%

— REDFIN CORP 0.2%

Value ($000) $1,397 Shares 3,000,000 Est. Cost $0.47 Unrealized —

DHC DIVERSIFIED HEALTHCARE TR 0.2%

Value ($000) $1,372 Shares 753,801 Est. Cost $4.18 Unrealized —

AMWD AMERICAN WOODMARK CORPORATIO 0.2%

Value ($000) $1,350 Shares 30,000 Est. Cost $48.31 Unrealized 0.0%

HRI HERC HLDGS INC 0.2%

Value ($000) $1,127 Shares 12,500 Est. Cost $37.75 Unrealized +195.5%

— CURO GROUP HOLDINGS CORP 0.1%

Value ($000) $681 Shares 123,172 Est. Cost $9.49 Unrealized —

— ROYAL CARIBBEAN GROUP 0.1%

Value ($000) $603 Shares 640,000 Est. Cost $1.40 Unrealized —

— VROOM INC 0.1%

Value ($000) $375 Shares 300,000 Est. Cost $10.79 Unrealized —

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.0%

Value ($000) $343 Shares 321,006 Est. Cost $5.11 Unrealized -59.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OPTU	ALTICE USA INC	10,839,699	$100,267	13.6%	$18.46	-43.3%	CL A	02156K103
AER	AERCAP HOLDINGS NV	1,634,593	$66,920	9.1%	$56.52	-19.3%	SHS	N00985106
—	IQIYI INC	66,683,000	$44,374	6.0%	$0.95	—	NOTE 4.000%12/1	46267XAE8
C	CITIGROUP INC	890,000	$40,931	5.5%	$42.03	+4.1%	COM NEW	172967424
MERC	MERCER INTL INC	3,017,131	$39,675	5.4%	$8.14	+60.5%	COM	588056101
—	SPIRIT AEROSYSTEMS HLDGS INC	1,214,079	$35,573	4.8%	$44.84	—	COM CL A	848574109
BFH	BREAD FINANCIAL HOLDINGS INC	895,478	$33,186	4.5%	$41.29	+14.8%	COM	018581108
ADNT	ADIENT PLC	1,104,134	$32,715	4.4%	$24.46	+37.4%	ORD SHS	G0084W101
APEI	AMERICAN PUB ED INC	1,852,192	$29,931	4.1%	$27.89	-38.9%	COM	02913V103
LOMA	LOMA NEGRA C I A S A MTN 14	5,873,428	$29,837	4.0%	$4.56	—	SPONSORED ADS	54150E104
RDN	RADIAN GROUP INC	1,428,589	$28,072	3.8%	$12.56	+48.2%	COM	750236101
VNO	VORNADO RLTY TR	931,901	$26,643	3.6%	$36.54	—	SH BEN INT	929042109
BHC	BAUSCH HEALTH COS INC	2,754,118	$23,024	3.1%	$22.65	-38.3%	COM	071734107
DOLE	DOLE PLC	2,557,687	$21,638	2.9%	$13.85	-27.2%	ORD SHS	G27907107
THC	TENET HEALTHCARE CORP	399,138	$20,979	2.8%	$21.02	+231.1%	COM NEW	88033G407
—	EQUITRANS MIDSTREAM CORP	3,130,760	$19,912	2.7%	$8.97	—	COM	294600101
CCL	CARNIVAL CORP	1,974,260	$17,077	2.3%	$21.03	-30.2%	COMMON STOCK	143658300
TEO	TELECOM ARGENTINA SA	3,585,329	$16,313	2.2%	$12.89	—	SPON ADR REP B	879273209
—	OAK STR HEALTH INC	22,440,000	$16,157	2.2%	$0.79	—	NOTE 3/1	67181AAB3
ACT	ENACT HLDGS INC	708,728	$15,223	2.1%	$17.14	+14.6%	COM	29249E109
MTG	MGIC INVT CORP WIS	820,705	$10,341	1.4%	$8.52	+54.3%	COM	552848103
GASS	STEALTHGAS INC	2,404,887	$7,720	1.0%	$10.36	-73.1%	SHS	Y81669106
—	LOYALTY VENTURES INC	1,979,885	$7,068	1.0%	$28.10	—	COMMON STOCK	54911Q107
MSC	STUDIO CITY INTL HLDGS LTD	3,275,911	$7,043	1.0%	$11.27	—	SPON ADS	86389T106
STLA	STELLANTIS N.V	560,000	$6,922	0.9%	$19.71	—	SHS	N82405106
—	SABRE GLBL INC	5,000,000	$5,175	0.7%	$1.82	—	NOTE 4.000% 4/1	78573NAE2
SVC	SERVICE PPTYS TR	932,122	$4,875	0.7%	$8.22	—	COM SH BEN INT	81761L102
META	META PLATFORMS INC	30,000	$4,838	0.7%	$248.19	-22.8%	CL A	30303M102
—	NCL CORP LTD	4,000,000	$4,405	0.6%	$2.32	—	NOTE 6.000% 5/1	62886HAT8
STGW	STAGWELL INC	682,708	$3,707	0.5%	$6.67	+6.2%	COM CL A	85256A109
—	REDFIN CORP	6,000,000	$3,630	0.5%	$0.74	—	NOTE 10/1	75737FAC2
ALLY	ALLY FINL INC	100,000	$3,351	0.5%	$13.20	+164.0%	COM	02005N100
CBL	CBL & ASSOC PPTYS INC	115,946	$2,724	0.4%	$31.73	—	COMMON STOCK	124830878
EXE	CHESAPEAKE ENERGY CORP	18,824	$1,527	0.2%	$45.03	+68.7%	COM	165167735
—	REDFIN CORP	3,000,000	$1,397	0.2%	$0.47	—	NOTE 0.500% 4/0	75737FAE8
DHC	DIVERSIFIED HEALTHCARE TR	753,801	$1,372	0.2%	$4.18	—	COM SH BEN INT	25525P107
AMWD	AMERICAN WOODMARK CORPORATIO	30,000	$1,350	0.2%	$48.31	0.0%	COM	030506109
HRI	HERC HLDGS INC	12,500	$1,127	0.2%	$37.75	+195.5%	COM	42704L104
—	CURO GROUP HOLDINGS CORP	123,172	$681	0.1%	$9.49	—	COM	23131L107
—	ROYAL CARIBBEAN GROUP	640,000	$603	0.1%	$1.40	—	NOTE 4.250% 6/1	780153BB7
—	VROOM INC	300,000	$375	0.1%	$10.79	—	COM	92918V109
CCO	CLEAR CHANNEL OUTDOOR HLDGS	321,006	$343	0.0%	$5.11	-59.0%	COM	18453H106