# REDWOOD CAPITAL MANAGEMENT, LLC: Form 13F holdings

An institutional investment manager in New York, NY. SEC CIK 1316622.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $927.4m
- Positions: 25 (25 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1316622/000091957426005278/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [VIASAT INC (VSAT)](/companies/vsat.md) | COM | $197.9m | 21.3% | 2,203,640 |  | New +2,203,640 |
| [ECHOSTAR CORP (ECHO)](/companies/echo.md) | CL A | $128.9m | 13.9% | 1,270,079 |  | Reduced −314,778 |
| GLOBAL BUSINESS TRAVEL GROUP | COM CL A | $103.3m | 11.1% | 10,998,642 |  | Reduced −10,955,174 |
| [MASTERBRAND INC (MBC)](/companies/mbc.md) | COMMON STOCK | $101.1m | 10.9% | 9,821,896 |  | Added +8,535,799 |
| [OFFICE PPTYS INCOME TR (OPI)](/companies/opi.md) | COM OF BENEFICIA | $73.6m | 7.9% | 4,327,521 |  | New +4,327,521 |
| AERCAP HOLDINGS NV | SHS | $58.9m | 6.4% | 404,266 |  | Unchanged |
| [TELEPHONE & DATA SYS INC (TDS)](/companies/tds.md) | COM NEW | $47.2m | 5.1% | 1,275,282 |  | Unchanged |
| [MOLINA HEALTHCARE INC (MOH)](/companies/moh.md) | COM | $45.7m | 4.9% | 200,000 |  | Reduced −110,000 |
| [ELEVANCE HEALTH INC FORMERLY (ELV)](/companies/elv.md) | COM | $32.8m | 3.5% | 84,800 |  | Unchanged |
| [KBR INC (KBR)](/companies/kbr.md) | COM | $19.9m | 2.1% | 575,000 |  | New +575,000 |
| [FORTUNE BRANDS INNOVATIONS I (FBIN)](/companies/fbin.md) | COM | $18.2m | 2.0% | 332,000 |  | New +332,000 |
| [CENTENE CORP DEL (CNC)](/companies/cnc.md) | COM | $13.4m | 1.4% | 208,500 |  | Unchanged |
| [CAESARS ENTERTAINMENT INC NE (CZR)](/companies/czr.md) | COM | $12.7m | 1.4% | 420,000 |  | Unchanged |
| [UNITEDHEALTH GROUP INC (UNH)](/companies/unh.md) | COM | $11.4m | 1.2% | 27,500 |  | Unchanged |
| [GRUPO AEROMEXICO SAB DE CV (AERO)](/companies/aero.md) | SPONSORED ADS | $10.5m | 1.1% | 583,580 |  | Added +31,979 |
| [SABLE OFFSHORE CORP (SOC)](/companies/soc.md) | COM SHS | $9.2m | 1.0% | 3,000,000 |  | New +3,000,000 |
| [OPTIMUM COMMUNICATIONS INC (OPTU)](/companies/optu.md) | CL A | $7.5m | 0.8% | 5,189,270 |  | Reduced −3,000,000 |
| [AZUL S A (AZUL)](/companies/azul.md) | SPONSORED ADS | $7.3m | 0.8% | 816,991 |  | New +816,991 |
| [CBL & ASSOC PPTYS INC (CBL)](/companies/cbl.md) | COMMON STOCK | $6.2m | 0.7% | 117,613 |  | Unchanged |
| [STUDIO CITY INTL HLDGS LTD (MSC)](/companies/msc.md) | SPON ADS | $5.9m | 0.6% | 3,239,073 |  | Unchanged |
| ECHOSTAR CORP | NOTE 3.875%11/3 | $5.9m | 0.6% | $1,915,906 principal |  | Reduced −21,130,000 |
| NORWEGIAN CRUISE LINE HLDGS | SHS | $5.5m | 0.6% | 260,000 |  | New +260,000 |
| [MERCER INTL INC (MERC)](/companies/merc.md) | COM | $3.1m | 0.3% | 4,648,133 |  | Unchanged |
| [EHEALTH INC (EHTH)](/companies/ehth.md) | COM | $696.4k | <0.1% | 467,395 |  | Unchanged |
| [AMERICAN PUB ED INC (APEI)](/companies/apei.md) | COM | $537.0k | <0.1% | 10,000 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| AMERICAN WOODMARK CORP | COM | $0 | 0.0% | 0 |  | Sold out −72,402 |
| GOHEALTH INC | CL A NEW | $0 | 0.0% | 0 |  | Sold out −924,244 |
| [KINDERCARE LEARNING COMPANIE (KLC)](/companies/klc.md) | COM | $0 | 0.0% | 0 |  | Sold out −1,250,000 |
| [VISTANCE NETWORKS INC (VISN)](/companies/visn.md) | COM | $0 | 0.0% | 0 |  | Sold out −1,368,663 |

Source: SEC EDGAR, Form 13F-HR, accession 0000919574-26-005278. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.