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Livermore
Livermore
ZHEN

Redwood Capital Management, LLC

SEC CIK
0001316622
Latest filing
Aug 14, 2026

The latest 13F from Redwood Capital Management, LLC covers Q2 2026 (filed Aug 14, 2026): 25 long positions worth $927.4M. The top 10 holdings make up 87.3% of the portfolio, and the largest is Viasat Inc (VSAT) at 21.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
7
Est. +$331.6M
Added
2
Est. +$88.4M
Reduced
4
Est. −$164.3M
Sold out
4
Est. −$31.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. VSATViasat Inc
    21.3%$197.9MHistory
  2. ECHOEchoStar CORP
    13.9%$128.9MHistory
  3. GBTGGlobal Business Travel Group, Inc.
    11.1%$103.3MHistory
  4. MBCMasterBrand, Inc.
    10.9%$101.1MHistory
  5. OPIOffice Properties Income Trust
    7.9%$73.6MHistory

Share of portfolio

Top 5 holdings and the other 20 positions, by share of portfolio value

  1. VSAT21.3%
  2. ECHO13.9%
  3. GBTG11.1%
  4. MBC10.9%
  5. OPI7.9%
  6. Other 20 positions34.8%

Biggest buys

New and added positions, by estimated amount bought

  1. VSATViasat Inc
    +$197.9MNewHistory
  2. MBCMasterBrand, Inc.
    +$87.8MAddedHistory
  3. OPIOffice Properties Income Trust
    +$73.6MNewHistory
  4. KBRKBR, Inc.
    +$19.9MNewHistory
  5. FBINFortune Brands Innovations, Inc.
    +$18.2MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. VSATViasat Inc
    +21.34 pp0.0% → 21.3%History
  2. MBCMasterBrand, Inc.
    +9.31 pp1.6% → 10.9%History
  3. OPIOffice Properties Income Trust
    +7.93 pp0.0% → 7.9%History
  4. KBRKBR, Inc.
    +2.14 pp0.0% → 2.1%History
  5. FBINFortune Brands Innovations, Inc.
    +1.97 pp0.0% → 2.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GBTGGlobal Business Travel Group, Inc.
    −$102.9MReducedHistory
  2. ECHOEchoStar CORP
    −$31.9MReducedHistory
  3. MOHMolina Healthcare, Inc.
    −$25.2MReducedHistory
  4. VISNVistance Networks, Inc.
    −$24.9MSold outHistory
  5. OPTUOptimum Communications, Inc.
    −$4.35MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ECHOEchoStar CORP
    −13.62 pp27.5% → 13.9%History
  2. GBTGGlobal Business Travel Group, Inc.
    −7.03 pp18.2% → 11.1%History
  3. VISNVistance Networks, Inc.
    −3.69 pp3.7% → 0.0%History
  4. MOHMolina Healthcare, Inc.
    −1.20 pp6.1% → 4.9%History
  5. OPTUOptimum Communications, Inc.
    −0.77 pp1.6% → 0.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$927.4M
+$253.2M (+37.6%) vs. prior quarter
Positions
25
+3 vs. prior quarter
Top 10 concentration
87.3%
Top 10 as share of value
Turnover
24.5%
Q2 2026, one quarter
Average holding period
5.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.62B (Q1 2021)

Q1 2021: $1.62BQ2 2021: $1.53BQ3 2021: $1.30BQ4 2021: $1.22BQ1 2022: $1.12BQ2 2022: $739.0MQ3 2022: $637.6MQ4 2022: $790.6MQ1 2023: $676.1MQ2 2023: $682.1MQ3 2023: $532.4MQ4 2023: $552.3MQ1 2024: $709.6MQ2 2024: $650.4MQ3 2024: $656.6MQ4 2024: $603.2MQ1 2025: $669.9MQ2 2025: $550.6MQ3 2025: $1.03BQ4 2025: $934.2MQ1 2026: $674.2MQ2 2026: $927.4M
Q1 2021Q2 2026
13F filings of Redwood Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202625$927.4MVSATECHOGBTGvs. Q1 2026SEC
Q1 2026May 15, 202622$674.2MECHOGBTGEchoStar CORPvs. Q4 2025SEC
Q4 2025Feb 17, 202617$934.2MECHOAEREchoStar CORPvs. Q3 2025SEC
Q3 2025Nov 14, 202517$1.03BECHOGBTGAERvs. Q2 2025SEC
Q2 2025Aug 14, 202511$550.6MECHOAEREchoStar CORPvs. Q1 2025SEC
Q1 2025May 15, 202513$669.9MAERECHOXvs. Q4 2024SEC
Q4 2024Feb 14, 202512$603.2MAERECHOEchoStar CORPvs. Q3 2024SEC
Q3 2024Nov 14, 202415$656.6MAERECHODISH Network CORPvs. Q2 2024SEC
Q2 2024Aug 14, 202417$650.4MAERECHODISH Network CORPvs. Q1 2024SEC
Q1 2024May 15, 202420$709.6MAERDISH Network CORPECHOvs. Q4 2023SEC
Q4 2023Feb 14, 202419$552.3MAERDISH Network CORPUpstart Hldgs Incvs. Q3 2023SEC
Q3 2023Nov 14, 202323$532.4MAEROPTULOMAvs. Q2 2023SEC
Q2 2023Aug 14, 202328$682.1MAERCoinbase Global, Inc.OPTUvs. Q1 2023SEC
Q1 2023May 15, 202334$676.1MAERiQIYI, Inc.Coinbase Global, Inc.vs. Q4 2022SEC
Q4 2022Feb 14, 202336$790.6MAEROPTUCoinbase Global, Inc.vs. Q3 2022SEC
Q3 2022Nov 14, 202240$637.6MAEROPTUiQIYI, Inc.vs. Q2 2022SEC
Q2 2022Aug 15, 202242$739.0MOPTUAERiQIYI, Inc.vs. Q1 2022SEC
Q1 2022May 16, 202246$1.12BOPTUAERBHCvs. Q4 2021SEC
Q4 2021Feb 14, 202245$1.22BOPTUADNTSPRvs. Q3 2021SEC
Q3 2021Nov 15, 202145$1.30BPCGCADNTvs. Q2 2021SEC
Q2 2021Aug 16, 202141$1.53BBFHPCGWFCvs. Q1 2021SEC
Q1 2021May 17, 202140$1.62BBFHEPRVER–SEC

13D and 13G filings

Companies where Redwood Capital Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where Redwood Capital Management, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
OPIOffice Properties Income Trust13D/A18.00%3.96M shares−1.70 ppfrom 19.70%Jun 25, 20263 filingsAug 19, 2026SEC
MERCMercer International Inc.13G/A6.90%4.65M shares+1.90 ppfrom 5.00%Aug 14, 20252 filingsNov 14, 2025SEC
GOCOGoHealth, Inc.13D5.80%924.2K sharesNewAug 13, 20251 filingAug 13, 2025SEC

Latest filings

35 filings on file made by Redwood Capital Management, LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Redwood Capital Management, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
OPIOffice Properties Income TrustAug 19, 20269:34 PM ET13D/A18.00%3.96M shares−1.70 ppfrom 19.70%Aug 18, 2026SEC
OPIOffice Properties Income TrustJul 24, 20264:31 PM ET13D/A19.70%4.33M shares0.00 ppfrom 19.70%Jun 17, 2026SEC
OPIOffice Properties Income TrustJun 25, 202611:58 AM ET13D19.70%4.32M sharesNewJun 17, 2026SEC
XPOFXponential Fitness, Inc.Feb 17, 202610:50 AM ET13G/A0.00%0 shares–Below 5%Dec 31, 2025SEC
ECHOEchoStar CORPNov 17, 20255:07 PM ET13G/A3.60%5.60M shares−1.00 ppfrom 4.60%Below 5%Sep 30, 2025SEC
ECHOEchoStar CORPNov 14, 20257:53 PM ET13G/A4.60%7.20M shares−0.50 ppfrom 5.10%Below 5%Sep 30, 2025SEC
MERCMercer International Inc.Nov 14, 20257:34 PM ET13G/A6.90%4.65M shares+1.90 ppfrom 5.00%Sep 30, 2025SEC
MERCMercer International Inc.Aug 14, 20251:06 PM ET13G5.00%3.37M sharesNewJun 30, 2025SEC
APEIAmerican Public Education IncAug 14, 202512:59 PM ET13G/A3.90%705.4K shares−2.30 ppfrom 6.20%Below 5%Jun 30, 2025SEC
GOCOGoHealth, Inc.Aug 13, 20255:27 PM ET13D5.80%924.2K sharesNewAug 6, 2025SEC
ECHOEchoStar CORPJun 18, 202512:16 PM ET13G5.10%7.94M sharesNewJun 9, 2025SEC
APEIAmerican Public Education IncMay 15, 20259:35 AM ET13G/A6.20%1.13M shares–Mar 31, 2025SEC
ATROAstronics CorpMay 15, 20259:06 AM ET13G/A0.70%225.9K shares−6.10 ppfrom 6.80%Below 5%Mar 31, 2025SEC
ATROAstronics CorpFeb 14, 20254:29 PM ET13G6.80%2.12M sharesNewDec 31, 2024SEC
LOMALoma Negra Compania Industrial Argentina Sociedad AnonimaNov 14, 202413G/AOld format–––SEC
BZFDBuzzFeed, Inc.Jun 25, 202413G/AOld format–––SEC
XPOFXponential Fitness, Inc.Feb 14, 202413G/AOld format–––SEC
APEIAmerican Public Education IncFeb 14, 202413G/AOld format–––SEC
GASSStealthGas Inc.Feb 14, 202413G/AOld format–––SEC
OPTUOptimum Communications, Inc.Feb 14, 202413G/AOld format–––SEC