Vault-13

REDWOOD TRUST INC RWT 5.625 07.15.24

NOTE 5.625% 7/1 · US DOMESTIC · CUSIP 758075AD7

34 institutional holders +5 vs Q2 2023
14,825,00014.8m shares reported held*
$61.3mreported value*
9 new 2 added 3 reduced 4 sold out net sold ≈ $1.6m (+8.9m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $4.13.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 28Q4 22: 32Q1 23: 29Q2 23: 29Q3 23: 3434Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202228
Q4 202232
Q1 202329
Q2 202329
Q3 202334

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 10 cut or sold outQ4 22Q1 23: 10 bought or addedQ1 23: 11 cut or sold outQ1 23Q2 23: 12 bought or addedQ2 23: 10 cut or sold outQ2 23Q3 23: 11 bought or addedQ3 23: 7 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221210
Q1 20231011
Q2 20231210
Q3 2023117

Biggest buyers

WEITZ INVESTMENT MANAGEMENT, INC. New +9,000,000+9.0m
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC New +5,000,000+5.0m
CAPSTONE INVESTMENT ADVISORS, LLC New +3,250,000+3.2m
GABELLI FUNDS LLC New +2,000,000+2.0m
Walleye Capital LLC New +1,500,000+1.5m
STIFEL FINANCIAL CORP New +674,000+674.0k
BEACON INVESTMENT ADVISORS LLC New +63,000+63.0k
PHILLIPS FINANCIAL MANAGEMENT, LLC New +50,000+50.0k
RAYMOND JAMES & ASSOCIATES Added +50,000+50.0k
Raymond James Financial Services Advisors, Inc. Added +25,000+25.0k

Biggest sellers

ROYAL BANK OF CANADA Reduced -10,427,013-10.4m
WEITZ INVESTMENT MANAGEMENT, INC. Sold out -9,000,000-9.0m
OAKTREE CAPITAL MANAGEMENT LP Sold out -2,814,000-2.8m
Russell Investments Group, Ltd. Sold out -686,000-686.0k
Seelaus Asset Management LLC Reduced -287,000-287.0k
BEACON INVESTMENT ADVISORS LLC Sold out -54,000-54.0k
WELLS FARGO & COMPANY/MN Reduced -10,000-10.0k

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WEITZ INVESTMENT MANAGEMENT, INC. 0.49% of their portfolio Omaha, NE 9,000,0009.0m $8.9m $8.9m 0.49% New
2 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 5,000,0005.0m $5.0m $5.0m 0.01% Unchanged
3 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.72% of their portfolio Miamisburg, OH 5,000,0005.0m $4.9m $4.9m 0.72% New
4 Aequim Alternative Investments LP 0.17% of their portfolio MILL VALLEY, CA 4,643,0004.6m $4.6m $4.6m 0.17% Unchanged
5 Catalyst Capital Advisors LLC 0.13% of their portfolio San Juan, PR 4,620,0004.6m $4.6m $4.6m 0.13% Unchanged
6 FMR LLC 0.00% of their portfolio BOSTON, MA 3,631,0003.6m $3.6m $3.6m 0.00% Unchanged
7 SSI INVESTMENT MANAGEMENT LLC 0.28% of their portfolio Los Angeles, CA 3,541,0003.5m $3.5m $3.5m 0.28% Unchanged
8 CAPSTONE INVESTMENT ADVISORS, LLC 0.09% of their portfolio NEW YORK, NY 3,250,0003.2m $3.2m $3.2m 0.09% New
9 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,000,0003.0m $2.9m $2.9m 0.00% Unchanged
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,546,0002.5m $2.5m $2.5m 0.00% Unchanged
11 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,097,0002.1m $2.1m $2.1m 0.02% Unchanged
12 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 2,000,0002.0m $2.0m $2.0m 0.02% New
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,843,5901.8m $1.8m $1.8m 0.00% Reduced -10.4m -10,427,013
14 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 1,500,0001.5m $1.5m $1.5m 0.02% New
15 AlphaCentric Advisors LLC 0.67% of their portfolio SAN JUAN, PR 1,190,0001.2m $1.2m $1.2m 0.67% Unchanged
16 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,027,0001.0m $1.0m $1.0m 0.00% Unchanged
17 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 674,000674.0k $663.4k $663.4k 0.00% New
18 Seelaus Asset Management LLC 0.26% of their portfolio CHATHAM, NJ 236,000236.0k $230.2k $230.2k 0.26% Reduced -287.0k -287,000
19 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 210,000210.0k $205.8k $205.8k 0.01% Unchanged
20 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 160,000160.0k $156.8k $156.8k 0.00% Added +50.0k +50,000
21 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 75,00075.0k $73.5k $73.5k 0.00% Added +25.0k +25,000
22 BEACON INVESTMENT ADVISORS LLC 0.04% of their portfolio Gaithersburg, MD 63,00063.0k $61.7k $61.7k 0.04% New
23 Obermeyer Wealth Partners 0.00% of their portfolio ASPEN, CO 55,00055.0k $53.6k $53.6k 0.00% Unchanged
24 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.00% of their portfolio FORT WAYNE, IN 50,00050.0k $49.0k $49.0k 0.00% New
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 30,00030.0k $29.7k $29.7k 0.00% Reduced -10.0k -10,000
26 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 25,00025.0k $24.5k $24.5k 0.00% Unchanged
27 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 25,00025.0k $24.4k $24.4k 0.00% New
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 14,00014.0k $13.4k $13.4k 0.00% Unchanged
29 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,00011.0k $11.0k $11.0k 0.00% Unchanged
30 Capital Market Strategies LLC 0.01% of their portfolio PALM BEACH GARDENS, FL 10,00010.0k $9.8k $9.8k 0.01% Unchanged
31 K2 PRINCIPAL FUND, L.P. 1.93% of their portfolio TORONTO, A6 6,5726.6k $6.4m $6.4m 1.93% Unchanged
32 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,0005.0k $4.9k $4.9k 0.00% Unchanged
33 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 300300 $29.4k $29.4k 0.00% Unchanged
34 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged