Vault-13

REDWOOD TRUST INC RWT 5.625 07.15.24

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

31 institutional holders -4 vs Q4 2023
13,687,00013.7m shares reported held*
$41.9mreported value*
4 new 4 added 4 reduced 8 sold out net sold ≈ $16.4m (+20.0k 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 ≈ $3.06.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 28Q4 22: 32Q1 23: 29Q2 23: 29Q3 23: 34Q4 23: 35Q1 24: 3131Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202228
Q4 202232
Q1 202329
Q2 202329
Q3 202334
Q4 202335
Q1 202431

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 23Q1 24: 8 bought or addedQ1 24: 12 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221210
Q1 20231011
Q2 20231210
Q3 2023117
Q4 202394
Q1 2024812

Biggest buyers

PIPER SANDLER & CO. Added +1,500,000+1.5m
ROYAL BANK OF CANADA New +338,000+338.0k
Stordahl Capital Management, Inc. New +50,000+50.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +40,000+40.0k
Creative Planning New +25,000+25.0k
MORGAN STANLEY Added +14,000+14.0k
Capital Market Strategies LLC New +10,000+10.0k
BEACON INVESTMENT ADVISORS LLC Added +8,000+8.0k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -5,000,000-5.0m
SSI INVESTMENT MANAGEMENT LLC Sold out -3,541,000-3.5m
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -3,250,000-3.2m
GABELLI FUNDS LLC Sold out -2,000,000-2.0m
Invesco Ltd. Reduced -1,500,000-1.5m
WESTWOOD HOLDINGS GROUP INC Reduced -1,500,000-1.5m
Walleye Capital LLC Sold out -1,500,000-1.5m
Raymond James Financial Services Advisors, Inc. Reduced -90,000-90.0k
MONETA GROUP INVESTMENT ADVISORS LLC Reduced -29,699-29.7k
Focus Partners Advisor Solutions, LLC Sold out -25,000-25.0k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WEITZ INVESTMENT MANAGEMENT, INC. 0.46% of their portfolio Omaha, NE 9,000,0009.0m $9.1m $9.1m 0.46% Unchanged
2 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,092,0005.1m $5.1m $5.1m 0.00% Unchanged
3 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.63% of their portfolio Miamisburg, OH 5,000,0005.0m $5.0m $5.0m 0.63% Unchanged
4 Catalyst Capital Advisors LLC 0.11% of their portfolio San Juan, PR 4,620,0004.6m $4.8m $4.8m 0.11% Unchanged
5 FMR LLC 0.00% of their portfolio BOSTON, MA 3,631,0003.6m $3.6m $3.6m 0.00% Unchanged
6 PIPER SANDLER & CO. 1.03% of their portfolio MINNEAPOLIS, MN 1,505,0001.5m $1.5m $1.5m 1.03% Added +1.5m +1,500,000
7 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,500,0001.5m $1.5m $1.5m 0.00% Reduced -1.5m -1,500,000
8 Aequim Alternative Investments LP 0.04% of their portfolio MILL VALLEY, CA 1,203,0001.2m $1.2m $1.2m 0.04% Unchanged
9 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,032,0001.0m $1.0m $1.0m 0.00% Unchanged
10 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 674,000674.0k $673.1k $673.1k 0.00% Unchanged
11 WESTWOOD HOLDINGS GROUP INC 0.00% of their portfolio DALLAS, TX 597,000597.0k $603.0k $603.0k 0.00% Reduced -1.5m -1,500,000
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 338,000338.0k $336.0k $336.0k 0.00% New
13 Seelaus Asset Management LLC 0.23% of their portfolio CHATHAM, NJ 236,000236.0k $234.0k $234.0k 0.23% Unchanged
14 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 175,000175.0k $174.3k $174.3k 0.00% Reduced -90.0k -90,000
15 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 160,000160.0k $159.4k $159.4k 0.00% Unchanged
16 BEACON INVESTMENT ADVISORS LLC 0.06% of their portfolio Gaithersburg, MD 106,000106.0k $105.6k $105.6k 0.06% Added +8.0k +8,000
17 Obermeyer Wealth Partners 0.00% of their portfolio ASPEN, CO 55,00055.0k $54.5k $54.5k 0.00% Unchanged
18 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.00% of their portfolio FORT WAYNE, IN 50,00050.0k $49.8k $49.8k 0.00% Unchanged
19 Stordahl Capital Management, Inc. 0.01% of their portfolio GREENWOOD VILLAGE, CO 50,00050.0k $49.6k $49.6k 0.01% New
20 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 45,00045.0k $44.8k $44.8k 0.00% Added +40.0k +40,000
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 42,00042.0k $41.8k $41.8k 0.00% Added +14.0k +14,000
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 30,00030.0k $29.8k $29.8k 0.00% Unchanged
23 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 25,00025.0k $24.9k $24.9k 0.00% Unchanged
24 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 25,00025.0k $24.9k $24.9k 0.00% New
25 MN Wealth Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 12,00012.0k $11.9k $11.9k 0.01% Unchanged
26 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,00011.0k $11.0k $11.0k 0.00% Unchanged
27 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,00010.0k $10.0k $10.0k 0.00% Unchanged
28 Capital Market Strategies LLC 0.01% of their portfolio PALM BEACH GARDENS, FL 10,00010.0k $10.0k $10.0k 0.01% New
29 K2 PRINCIPAL FUND, L.P. 1.56% of their portfolio TORONTO, A6 6,5726.6k $6.6m $6.6m 1.56% Unchanged
30 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 301301 $29.9k $29.9k 0.00% Reduced -29.7k -29,699
31 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged