REDWOOD CAPITAL MANAGEMENT, LLC Diversified Active

CIK: 0001316622 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 14, 2023

Total Value ($000): $826,622 (76.5% shares, 23.5% debt)

Holdings (37)

AER AERCAP HOLDINGS NV 15.1%

Value ($000) $124,726 Shares 2,138,645 Est. Cost $52.12 Unrealized +4.4%

OPTU ALTICE USA INC 8.5%

Value ($000) $70,333 Shares 15,289,699 Est. Cost $14.51 Unrealized -66.2%

— COINBASE GLOBAL INC 7.4%

Value ($000) $61,251 Shares 110,362,000 Est. Cost $0.56 Unrealized —

— IQIYI INC 5.3%

Value ($000) $43,986 Shares 71,233,000 Est. Cost $0.93 Unrealized —

LOMA LOMA NEGRA C I A S A MTN 14 4.9%

Value ($000) $40,233 Shares 5,873,428 Est. Cost $4.56 Unrealized —

— UPSTART HLDGS INC 4.7%

Value ($000) $38,567 Shares 74,706,000 Est. Cost $0.53 Unrealized —

ADNT ADIENT PLC 4.6%

Value ($000) $38,302 Shares 1,104,134 Est. Cost $24.46 Unrealized +42.9%

Value ($000) $35,976 Shares 300,000 Est. Cost — Unrealized —

— SPIRIT AEROSYSTEMS HLDGS INC 4.3%

Value ($000) $35,937 Shares 1,214,079 Est. Cost $44.84 Unrealized —

C CITIGROUP INC 4.0%

Value ($000) $33,470 Shares 740,000 Est. Cost $42.03 Unrealized -3.5%

ALLY ALLY FINL INC 3.2%

Value ($000) $26,347 Shares 1,077,568 Est. Cost $24.21 Unrealized -2.4%

DOLE DOLE PLC 3.0%

Value ($000) $24,682 Shares 2,557,687 Est. Cost $13.85 Unrealized -38.6%

APEI AMERICAN PUB ED INC 2.8%

Value ($000) $22,763 Shares 1,852,192 Est. Cost $27.89 Unrealized -55.5%

MERC MERCER INTL INC 2.7%

Value ($000) $22,129 Shares 1,901,159 Est. Cost $8.14 Unrealized +46.0%

— EQUITRANS MIDSTREAM CORP 2.5%

Value ($000) $20,976 Shares 3,130,760 Est. Cost $8.97 Unrealized —

— VROOM INC 2.5%

Value ($000) $20,720 Shares 58,930,000 Est. Cost $0.31 Unrealized —

TEO TELECOM ARGENTINA SA 2.4%

Value ($000) $19,540 Shares 3,585,329 Est. Cost $12.89 Unrealized —

MSC STUDIO CITY INTL HLDGS LTD 2.4%

Value ($000) $19,524 Shares 3,275,911 Est. Cost $11.27 Unrealized —

THC TENET HEALTHCARE CORP 2.4%

Value ($000) $19,474 Shares 399,138 Est. Cost $21.02 Unrealized +119.9%

VNO VORNADO RLTY TR 2.3%

Value ($000) $19,393 Shares 931,901 Est. Cost $36.54 Unrealized —

CCL CARNIVAL CORP 1.9%

Value ($000) $15,913 Shares 1,974,260 Est. Cost $21.03 Unrealized -59.0%

— NCL CORP LTD 1.7%

Value ($000) $14,075 Shares 20,525,000 Est. Cost $0.69 Unrealized —

ACT ENACT HLDGS INC 1.6%

Value ($000) $13,157 Shares 545,485 Est. Cost $17.14 Unrealized +26.2%

MTG MGIC INVT CORP WIS 1.3%

Value ($000) $10,669 Shares 820,705 Est. Cost $8.52 Unrealized +54.3%

GASS STEALTHGAS INC 0.7%

Value ($000) $5,671 Shares 2,116,109 Est. Cost $10.36 Unrealized -71.1%

— SABRE GLBL INC 0.7%

Value ($000) $5,393 Shares 5,000,000 Est. Cost $1.82 Unrealized —

— REDFIN CORP 0.6%

Value ($000) $5,276 Shares 9,000,000 Est. Cost $0.69 Unrealized —

— NCL CORP LTD 0.6%

Value ($000) $4,618 Shares 4,000,000 Est. Cost $2.32 Unrealized —

STGW STAGWELL INC 0.5%

Value ($000) $4,240 Shares 682,708 Est. Cost $6.67 Unrealized +8.1%

CBL CBL & ASSOC PPTYS INC 0.3%

Value ($000) $2,676 Shares 115,946 Est. Cost $31.73 Unrealized —

EXE CHESAPEAKE ENERGY CORP 0.2%

Value ($000) $1,776 Shares 18,824 Est. Cost $45.03 Unrealized +95.3%

HRI HERC HLDGS INC 0.2%

Value ($000) $1,645 Shares 12,500 Est. Cost $37.75 Unrealized +204.7%

AMWD AMERICAN WOODMARK CORPORATIO 0.2%

Value ($000) $1,466 Shares 30,000 Est. Cost $48.31 Unrealized +2.8%

— ROYAL CARIBBEAN GROUP 0.1%

Value ($000) $637 Shares 640,000 Est. Cost $1.40 Unrealized —

— CURO GROUP HOLDINGS CORP 0.1%

Value ($000) $437 Shares 123,172 Est. Cost $9.49 Unrealized —

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.0%

Value ($000) $337 Shares 321,006 Est. Cost $5.11 Unrealized -75.4%

— VROOM INC 0.0%

Value ($000) $306 Shares 300,000 Est. Cost $10.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AER	AERCAP HOLDINGS NV	2,138,645	$124,726	15.1%	$52.12	+4.4%	SHS	N00985106
OPTU	ALTICE USA INC	15,289,699	$70,333	8.5%	$14.51	-66.2%	CL A	02156K103
—	COINBASE GLOBAL INC	110,362,000	$61,251	7.4%	$0.56	—	NOTE 0.500% 6/0	19260QAB3
—	IQIYI INC	71,233,000	$43,986	5.3%	$0.93	—	NOTE 4.000%12/1	46267XAE8
LOMA	LOMA NEGRA C I A S A MTN 14	5,873,428	$40,233	4.9%	$4.56	—	SPONSORED ADS	54150E104
—	UPSTART HLDGS INC	74,706,000	$38,567	4.7%	$0.53	—	NOTE 0.250% 8/1	91680MAB3
ADNT	ADIENT PLC	1,104,134	$38,302	4.6%	$24.46	+42.9%	ORD SHS	G0084W101
MMM	3M CO	300,000	$35,976	4.4%	—	—	Put	88579Y101
—	SPIRIT AEROSYSTEMS HLDGS INC	1,214,079	$35,937	4.3%	$44.84	—	COM CL A	848574109
C	CITIGROUP INC	740,000	$33,470	4.0%	$42.03	-3.5%	COM NEW	172967424
ALLY	ALLY FINL INC	1,077,568	$26,347	3.2%	$24.21	-2.4%	COM	02005N100
DOLE	DOLE PLC	2,557,687	$24,682	3.0%	$13.85	-38.6%	ORD SHS	G27907107
APEI	AMERICAN PUB ED INC	1,852,192	$22,763	2.8%	$27.89	-55.5%	COM	02913V103
MERC	MERCER INTL INC	1,901,159	$22,129	2.7%	$8.14	+46.0%	COM	588056101
—	EQUITRANS MIDSTREAM CORP	3,130,760	$20,976	2.5%	$8.97	—	COM	294600101
—	VROOM INC	58,930,000	$20,720	2.5%	$0.31	—	NOTE 0.750% 7/0	92918VAB5
TEO	TELECOM ARGENTINA SA	3,585,329	$19,540	2.4%	$12.89	—	SPON ADR REP B	879273209
MSC	STUDIO CITY INTL HLDGS LTD	3,275,911	$19,524	2.4%	$11.27	—	SPON ADS	86389T106
THC	TENET HEALTHCARE CORP	399,138	$19,474	2.4%	$21.02	+119.9%	COM NEW	88033G407
VNO	VORNADO RLTY TR	931,901	$19,393	2.3%	$36.54	—	SH BEN INT	929042109
CCL	CARNIVAL CORP	1,974,260	$15,913	1.9%	$21.03	-59.0%	COMMON STOCK	143658300
—	NCL CORP LTD	20,525,000	$14,075	1.7%	$0.69	—	NOTE 1.125% 2/1	62886HBD2
ACT	ENACT HLDGS INC	545,485	$13,157	1.6%	$17.14	+26.2%	COM	29249E109
MTG	MGIC INVT CORP WIS	820,705	$10,669	1.3%	$8.52	+54.3%	COM	552848103
GASS	STEALTHGAS INC	2,116,109	$5,671	0.7%	$10.36	-71.1%	SHS	Y81669106
—	SABRE GLBL INC	5,000,000	$5,393	0.7%	$1.82	—	NOTE 4.000% 4/1	78573NAE2
—	REDFIN CORP	9,000,000	$5,276	0.6%	$0.69	—	NOTE 10/1	75737FAC2
—	NCL CORP LTD	4,000,000	$4,618	0.6%	$2.32	—	NOTE 6.000% 5/1	62886HAT8
STGW	STAGWELL INC	682,708	$4,240	0.5%	$6.67	+8.1%	COM CL A	85256A109
CBL	CBL & ASSOC PPTYS INC	115,946	$2,676	0.3%	$31.73	—	COMMON STOCK	124830878
EXE	CHESAPEAKE ENERGY CORP	18,824	$1,776	0.2%	$45.03	+95.3%	COM	165167735
HRI	HERC HLDGS INC	12,500	$1,645	0.2%	$37.75	+204.7%	COM	42704L104
AMWD	AMERICAN WOODMARK CORPORATIO	30,000	$1,466	0.2%	$48.31	+2.8%	COM	030506109
—	ROYAL CARIBBEAN GROUP	640,000	$637	0.1%	$1.40	—	NOTE 4.250% 6/1	780153BB7
—	CURO GROUP HOLDINGS CORP	123,172	$437	0.1%	$9.49	—	COM	23131L107
CCO	CLEAR CHANNEL OUTDOOR HLDGS	321,006	$337	0.0%	$5.11	-75.4%	COM	18453H106
—	VROOM INC	300,000	$306	0.0%	$10.79	—	COM	92918V109