Vault-13

REDWOOD TRUST INC RWT 5.625 07.15.24

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

35 institutional holders +1 vs Q3 2023
13,667,00013.7m shares reported held*
$57.5mreported value*
3 new 6 added 1 reduced 3 sold out net sold ≈ $3.8m (-1.2m 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 ≈ $4.21.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 28Q4 22: 32Q1 23: 29Q2 23: 29Q3 23: 34Q4 23: 3535Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202228
Q4 202232
Q1 202329
Q2 202329
Q3 202334
Q4 202335

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 23Q4 23: 9 bought or addedQ4 23: 4 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221210
Q1 20231011
Q2 20231210
Q3 2023117
Q4 202394

Biggest buyers

JPMORGAN CHASE & CO Added +2,546,000+2.5m
Raymond James Financial Services Advisors, Inc. Added +190,000+190.0k
BEACON INVESTMENT ADVISORS LLC Added +35,000+35.0k
MONETA GROUP INVESTMENT ADVISORS LLC Added +29,700+29.7k
MORGAN STANLEY Added +14,000+14.0k
COMMONWEALTH EQUITY SERVICES, LLC New +10,000+10.0k
Forum Private Client Group LLC New +10,000+10.0k
PIPER SANDLER & CO. New +5,000+5.0k
BARCLAYS PLC Added +5,000+5.0k

Biggest sellers

Aequim Alternative Investments LP Reduced -3,440,000-3.4m
ROYAL BANK OF CANADA Sold out -1,843,590-1.8m
AlphaCentric Advisors LLC Sold out -1,190,000-1.2m
Curi Capital, LLC Sold out -210,000-210.0k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WEITZ INVESTMENT MANAGEMENT, INC. 0.47% of their portfolio Omaha, NE 9,000,0009.0m $8.9m $8.9m 0.47% Unchanged
2 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,092,0005.1m $5.0m $5.0m 0.00% Added +2.5m +2,546,000
3 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 5,000,0005.0m $4.9m $4.9m 0.01% Unchanged
4 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.65% of their portfolio Miamisburg, OH 5,000,0005.0m $4.9m $4.9m 0.65% Unchanged
5 Catalyst Capital Advisors LLC 0.12% of their portfolio San Juan, PR 4,620,0004.6m $4.6m $4.6m 0.12% 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 0.26% of their portfolio Los Angeles, CA 3,541,0003.5m $3.5m $3.5m 0.26% Unchanged
8 CAPSTONE INVESTMENT ADVISORS, LLC 0.06% of their portfolio NEW YORK, NY 3,250,0003.2m $3.2m $3.2m 0.06% Unchanged
9 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,000,0003.0m $2.9m $2.9m 0.00% Unchanged
10 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 2,097,0002.1m $2.1m $2.1m 0.02% Unchanged
11 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 2,000,0002.0m $2.0m $2.0m 0.02% Unchanged
12 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 1,500,0001.5m $1.5m $1.5m 0.02% Unchanged
13 Aequim Alternative Investments LP 0.05% of their portfolio MILL VALLEY, CA 1,203,0001.2m $1.2m $1.2m 0.05% Reduced -3.4m -3,440,000
14 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,032,0001.0m $1.0m $1.0m 0.00% Added +5.0k +5,000
15 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 674,000674.0k $663.0k $663.0k 0.00% Unchanged
16 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 265,000265.0k $259.7k $259.7k 0.00% Added +190.0k +190,000
17 Seelaus Asset Management LLC 0.23% of their portfolio CHATHAM, NJ 236,000236.0k $233.5k $233.5k 0.23% Unchanged
18 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 160,000160.0k $156.8k $156.8k 0.00% Unchanged
19 BEACON INVESTMENT ADVISORS LLC 0.06% of their portfolio Gaithersburg, MD 98,00098.0k $96.0k $96.0k 0.06% Added +35.0k +35,000
20 Obermeyer Wealth Partners 0.00% of their portfolio ASPEN, CO 55,00055.0k $54.4k $54.4k 0.00% Unchanged
21 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.00% of their portfolio FORT WAYNE, IN 50,00050.0k $49.0k $49.0k 0.00% Unchanged
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 30,00030.0k $29.6k $29.6k 0.00% Unchanged
23 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 30,00030.0k $29.4k $29.4k 0.00% Added +29.7k +29,700
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 28,00028.0k $27.5k $27.5k 0.00% Added +14.0k +14,000
25 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 25,00025.0k $24.5k $24.5k 0.00% Unchanged
26 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 25,00025.0k $24.7k $24.7k 0.00% Unchanged
27 MN Wealth Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 12,00012.0k $11.9k $11.9k 0.01% First filing
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,00011.0k $11.0k $11.0k 0.00% Unchanged
29 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,00010.0k $10.0k $10.0k 0.00% New
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 Forum Private Client Group LLC 0.01% of their portfolio FISHERS, IN 10,00010.0k $9.8k $9.8k 0.01% New
32 K2 PRINCIPAL FUND, L.P. 1.52% of their portfolio TORONTO, A6 6,5726.6k $6.5m $6.5m 1.52% Unchanged
33 PIPER SANDLER & CO. 0.00% of their portfolio MINNEAPOLIS, MN 5,0005.0k $4.9k $4.9k 0.00% New
34 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,0005.0k $4.9k $4.9k 0.00% Unchanged
35 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged