REDWOOD CAPITAL MANAGEMENT, LLC Diversified Active

CIK: 0001316622 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 14, 2022

Total Value ($000): $670,753 (86.9% shares, 13.1% debt)

Holdings (41)

AER AERCAP HOLDINGS NV 15.6%

Value ($000) $104,539 Shares 2,469,625 Est. Cost $52.12 Unrealized -16.5%

OPTU ALTICE USA INC 9.4%

Value ($000) $63,195 Shares 10,839,699 Est. Cost $18.46 Unrealized -48.1%

— IQIYI INC 6.6%

Value ($000) $44,439 Shares 66,683,000 Est. Cost $0.95 Unrealized —

C CITIGROUP INC 5.5%

Value ($000) $37,086 Shares 890,000 Est. Cost $42.03 Unrealized +3.9%

LOMA LOMA NEGRA C I A S A MTN 14 5.5%

Value ($000) $36,591 Shares 5,873,428 Est. Cost $4.56 Unrealized —

Value ($000) $33,150 Shares 300,000 Est. Cost — Unrealized —

ADNT ADIENT PLC 4.6%

Value ($000) $30,640 Shares 1,104,134 Est. Cost $24.46 Unrealized +32.6%

— SPIRIT AEROSYSTEMS HLDGS INC 4.0%

Value ($000) $26,613 Shares 1,214,079 Est. Cost $44.84 Unrealized —

— EQUITRANS MIDSTREAM CORP 3.5%

Value ($000) $23,418 Shares 3,130,760 Est. Cost $8.97 Unrealized —

MERC MERCER INTL INC 3.5%

Value ($000) $23,384 Shares 1,901,159 Est. Cost $8.14 Unrealized +61.2%

BFH BREAD FINANCIAL HOLDINGS INC 3.3%

Value ($000) $22,017 Shares 700,058 Est. Cost $41.29 Unrealized -11.3%

VNO VORNADO RLTY TR 3.2%

Value ($000) $21,583 Shares 931,901 Est. Cost $36.54 Unrealized —

THC TENET HEALTHCARE CORP 3.1%

Value ($000) $20,588 Shares 399,138 Est. Cost $21.02 Unrealized +182.4%

DOLE DOLE PLC 2.8%

Value ($000) $18,671 Shares 2,557,687 Est. Cost $13.85 Unrealized -40.6%

— VROOM INC 2.7%

Value ($000) $18,191 Shares 58,930,000 Est. Cost $0.31 Unrealized —

APEI AMERICAN PUB ED INC 2.5%

Value ($000) $16,929 Shares 1,852,192 Est. Cost $27.89 Unrealized -55.5%

ACT ENACT HLDGS INC 2.3%

Value ($000) $15,712 Shares 708,728 Est. Cost $17.14 Unrealized +20.7%

TEO TELECOM ARGENTINA SA 2.1%

Value ($000) $14,377 Shares 3,585,329 Est. Cost $12.89 Unrealized —

CCL CARNIVAL CORP 2.1%

Value ($000) $13,879 Shares 1,974,260 Est. Cost $21.03 Unrealized -54.0%

ALLY ALLY FINL INC 1.6%

Value ($000) $11,065 Shares 397,585 Est. Cost $25.19 Unrealized +16.0%

MTG MGIC INVT CORP WIS 1.6%

Value ($000) $10,521 Shares 820,705 Est. Cost $8.52 Unrealized +64.3%

— UPSTART HLDGS INC 1.5%

Value ($000) $10,061 Shares 17,956,000 Est. Cost $0.56 Unrealized —

MSC STUDIO CITY INTL HLDGS LTD 1.1%

Value ($000) $7,174 Shares 3,275,911 Est. Cost $11.27 Unrealized —

GASS STEALTHGAS INC 0.9%

Value ($000) $6,157 Shares 2,404,887 Est. Cost $10.36 Unrealized -73.4%

— NCL CORP LTD 0.7%

Value ($000) $4,984 Shares 4,000,000 Est. Cost $2.32 Unrealized —

SVC SERVICE PPTYS TR 0.7%

Value ($000) $4,838 Shares 932,122 Est. Cost $8.22 Unrealized —

— SABRE GLBL INC 0.7%

Value ($000) $4,749 Shares 5,000,000 Est. Cost $1.82 Unrealized —

STGW STAGWELL INC 0.7%

Value ($000) $4,745 Shares 682,708 Est. Cost $6.67 Unrealized -3.2%

META META PLATFORMS INC 0.6%

Value ($000) $4,070 Shares 30,000 Est. Cost $248.19 Unrealized -35.1%

— REDFIN CORP 0.5%

Value ($000) $3,510 Shares 6,000,000 Est. Cost $0.74 Unrealized —

CBL CBL & ASSOC PPTYS INC 0.4%

Value ($000) $2,969 Shares 115,946 Est. Cost $31.73 Unrealized —

— LOYALTY VENTURES INC 0.4%

Value ($000) $2,396 Shares 1,979,885 Est. Cost $28.10 Unrealized —

EXE CHESAPEAKE ENERGY CORP 0.3%

Value ($000) $1,773 Shares 18,824 Est. Cost $45.03 Unrealized +80.2%

— REDFIN CORP 0.2%

Value ($000) $1,470 Shares 3,000,000 Est. Cost $0.47 Unrealized —

AMWD AMERICAN WOODMARK CORPORATIO 0.2%

Value ($000) $1,316 Shares 30,000 Est. Cost $48.31 Unrealized +0.9%

HRI HERC HLDGS INC 0.2%

Value ($000) $1,299 Shares 12,500 Est. Cost $37.75 Unrealized +175.0%

DHC DIVERSIFIED HEALTHCARE TR 0.1%

Value ($000) $746 Shares 753,801 Est. Cost $4.18 Unrealized —

— ROYAL CARIBBEAN GROUP 0.1%

Value ($000) $626 Shares 640,000 Est. Cost $1.40 Unrealized —

— CURO GROUP HOLDINGS CORP 0.1%

Value ($000) $494 Shares 123,172 Est. Cost $9.49 Unrealized —

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.1%

Value ($000) $440 Shares 321,006 Est. Cost $5.11 Unrealized -70.4%

— VROOM INC 0.1%

Value ($000) $348 Shares 300,000 Est. Cost $10.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AER	AERCAP HOLDINGS NV	2,469,625	$104,539	15.6%	$52.12	-16.5%	SHS	N00985106
OPTU	ALTICE USA INC	10,839,699	$63,195	9.4%	$18.46	-48.1%	CL A	02156K103
—	IQIYI INC	66,683,000	$44,439	6.6%	$0.95	—	NOTE 4.000%12/1	46267XAE8
C	CITIGROUP INC	890,000	$37,086	5.5%	$42.03	+3.9%	COM NEW	172967424
LOMA	LOMA NEGRA C I A S A MTN 14	5,873,428	$36,591	5.5%	$4.56	—	SPONSORED ADS	54150E104
MMM	3M CO	300,000	$33,150	4.9%	—	—	Put	88579Y101
ADNT	ADIENT PLC	1,104,134	$30,640	4.6%	$24.46	+32.6%	ORD SHS	G0084W101
—	SPIRIT AEROSYSTEMS HLDGS INC	1,214,079	$26,613	4.0%	$44.84	—	COM CL A	848574109
—	EQUITRANS MIDSTREAM CORP	3,130,760	$23,418	3.5%	$8.97	—	COM	294600101
MERC	MERCER INTL INC	1,901,159	$23,384	3.5%	$8.14	+61.2%	COM	588056101
BFH	BREAD FINANCIAL HOLDINGS INC	700,058	$22,017	3.3%	$41.29	-11.3%	COM	018581108
VNO	VORNADO RLTY TR	931,901	$21,583	3.2%	$36.54	—	SH BEN INT	929042109
THC	TENET HEALTHCARE CORP	399,138	$20,588	3.1%	$21.02	+182.4%	COM NEW	88033G407
DOLE	DOLE PLC	2,557,687	$18,671	2.8%	$13.85	-40.6%	ORD SHS	G27907107
—	VROOM INC	58,930,000	$18,191	2.7%	$0.31	—	NOTE 0.750% 7/0	92918VAB5
APEI	AMERICAN PUB ED INC	1,852,192	$16,929	2.5%	$27.89	-55.5%	COM	02913V103
ACT	ENACT HLDGS INC	708,728	$15,712	2.3%	$17.14	+20.7%	COM	29249E109
TEO	TELECOM ARGENTINA SA	3,585,329	$14,377	2.1%	$12.89	—	SPON ADR REP B	879273209
CCL	CARNIVAL CORP	1,974,260	$13,879	2.1%	$21.03	-54.0%	COMMON STOCK	143658300
ALLY	ALLY FINL INC	397,585	$11,065	1.6%	$25.19	+16.0%	COM	02005N100
MTG	MGIC INVT CORP WIS	820,705	$10,521	1.6%	$8.52	+64.3%	COM	552848103
—	UPSTART HLDGS INC	17,956,000	$10,061	1.5%	$0.56	—	NOTE 0.250% 8/1	91680MAB3
MSC	STUDIO CITY INTL HLDGS LTD	3,275,911	$7,174	1.1%	$11.27	—	SPON ADS	86389T106
GASS	STEALTHGAS INC	2,404,887	$6,157	0.9%	$10.36	-73.4%	SHS	Y81669106
—	NCL CORP LTD	4,000,000	$4,984	0.7%	$2.32	—	NOTE 6.000% 5/1	62886HAT8
SVC	SERVICE PPTYS TR	932,122	$4,838	0.7%	$8.22	—	COM SH BEN INT	81761L102
—	SABRE GLBL INC	5,000,000	$4,749	0.7%	$1.82	—	NOTE 4.000% 4/1	78573NAE2
STGW	STAGWELL INC	682,708	$4,745	0.7%	$6.67	-3.2%	COM CL A	85256A109
META	META PLATFORMS INC	30,000	$4,070	0.6%	$248.19	-35.1%	CL A	30303M102
—	REDFIN CORP	6,000,000	$3,510	0.5%	$0.74	—	NOTE 10/1	75737FAC2
CBL	CBL & ASSOC PPTYS INC	115,946	$2,969	0.4%	$31.73	—	COMMON STOCK	124830878
—	LOYALTY VENTURES INC	1,979,885	$2,396	0.4%	$28.10	—	COMMON STOCK	54911Q107
EXE	CHESAPEAKE ENERGY CORP	18,824	$1,773	0.3%	$45.03	+80.2%	COM	165167735
—	REDFIN CORP	3,000,000	$1,470	0.2%	$0.47	—	NOTE 0.500% 4/0	75737FAE8
AMWD	AMERICAN WOODMARK CORPORATIO	30,000	$1,316	0.2%	$48.31	+0.9%	COM	030506109
HRI	HERC HLDGS INC	12,500	$1,299	0.2%	$37.75	+175.0%	COM	42704L104
DHC	DIVERSIFIED HEALTHCARE TR	753,801	$746	0.1%	$4.18	—	COM SH BEN INT	25525P107
—	ROYAL CARIBBEAN GROUP	640,000	$626	0.1%	$1.40	—	NOTE 4.250% 6/1	780153BB7
—	CURO GROUP HOLDINGS CORP	123,172	$494	0.1%	$9.49	—	COM	23131L107
CCO	CLEAR CHANNEL OUTDOOR HLDGS	321,006	$440	0.1%	$5.11	-70.4%	COM	18453H106
—	VROOM INC	300,000	$348	0.1%	$10.79	—	COM	92918V109