Vault-13

REDWOOD TRUST INC RWT 7.75 06.15.27

NOTE 7.750% 6/1 · US DOMESTIC · CUSIP 758075AF2

37 institutional holders +0 vs Q4 2025
11,999,00012.0m shares reported held*
$117.9mreported value*
7 new 9 added 6 reduced 8 sold out net sold ≈ $2.0m (+11.8m 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.02.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

02040Q2 23: 26Q3 23: 25Q4 23: 22Q1 24: 25Q2 24: 25Q3 24: 29Q4 24: 31Q1 25: 32Q2 25: 38Q3 25: 37Q4 25: 37Q1 26: 3737Q2 23Q1 24Q4 24Q3 25Q1 26
Numbers
QuarterHolders
Q2 202326
Q3 202325
Q4 202322
Q1 202425
Q2 202425
Q3 202429
Q4 202431
Q1 202532
Q2 202538
Q3 202537
Q4 202537
Q1 202637

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q2 24: 4 bought or addedQ2 24: 8 cut or sold outQ3 24: 8 bought or addedQ3 24: 5 cut or sold outQ3 24Q4 24: 7 bought or addedQ4 24: 9 cut or sold outQ1 25: 4 bought or addedQ1 25: 9 cut or sold outQ1 25Q2 25: 11 bought or addedQ2 25: 5 cut or sold outQ3 25: 17 bought or addedQ3 25: 6 cut or sold outQ3 25Q4 25: 10 bought or addedQ4 25: 14 cut or sold outQ1 26: 16 bought or addedQ1 26: 14 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202448
Q3 202485
Q4 202479
Q1 202549
Q2 2025115
Q3 2025176
Q4 20251014
Q1 20261614

Biggest buyers

SSI INVESTMENT MANAGEMENT LLC New +9,650,000+9.7m
Aequim Alternative Investments LP Added +5,500,000+5.5m
PIPER SANDLER & CO. New +3,963,000+4.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +3,556,000+3.6m
Fort Baker Capital Management LP Added +3,325,000+3.3m
Catalyst Capital Advisors LLC New +2,000,000+2.0m
JPMORGAN CHASE & CO Added +1,362,000+1.4m
BlackRock, Inc. Added +825,000+825.0k
OAKTREE CAPITAL MANAGEMENT LP Added +791,000+791.0k
Russell Investments Group, Ltd. Added +446,000+446.0k

Biggest sellers

SSI INVESTMENT MANAGEMENT LLC Sold out -8,650,000-8.7m
WATERFALL ASSET MANAGEMENT, LLC Reduced -6,000,000-6.0m
Walleye Capital LLC Sold out -5,000,000-5.0m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -4,179,000-4.2m
LORD, ABBETT & CO. LLC Sold out -3,963,000-4.0m
WESTWOOD HOLDINGS GROUP INC Sold out -3,500,000-3.5m
Nuveen, LLC Reduced -1,225,000-1.2m
Context Capital Management, LLC Reduced -914,000-914.0k
ROYAL BANK OF CANADA Sold out -154,000-154.0k
AVIVA PLC Reduced -150,000-150.0k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Context Capital Management, LLC 0.41% of their portfolio LAJOLLA, CA 17,297,00017.3m $17.6m $17.6m 0.41% Reduced -914.0k -914,000
2 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 16,775,00016.8m $16.9m $16.9m 0.00% Reduced -1.2m -1,225,000
3 Fort Baker Capital Management LP 1.12% of their portfolio Larkspur, CA 12,126,00012.1m $12.6m $12.6m 1.12% Added +3.3m +3,325,000
4 Aequim Alternative Investments LP 0.19% of their portfolio MILL VALLEY, CA 9,750,0009.8m $9.9m $9.9m 0.19% Added +5.5m +5,500,000
5 SSI INVESTMENT MANAGEMENT LLC 0.67% of their portfolio Los Angeles, CA 9,650,0009.7m $9.7m $9.7m 0.67% New
6 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 9,356,0009.4m $9.4m $9.4m 0.01% Added +3.6m +3,556,000
7 OAKTREE CAPITAL MANAGEMENT LP 0.14% of their portfolio LOS ANGELES, CA 8,247,0008.2m $8.4m $8.4m 0.14% Added +791.0k +791,000
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,525,0004.5m $4.6m $4.6m 0.00% Added +825.0k +825,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,042,0004.0m $4.1m $4.1m 0.00% Added +1.4m +1,362,000
10 PIPER SANDLER & CO. 3.88% of their portfolio MINNEAPOLIS, MN 3,963,0004.0m $4.0m $4.0m 3.88% New
11 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,742,0003.7m $3.9m $3.9m 0.00% Added +446.0k +446,000
12 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 3,500,0003.5m $3.6m $3.6m 0.01% Unchanged
13 WATERFALL ASSET MANAGEMENT, LLC 1.55% of their portfolio NEW YORK, NY 2,743,0002.7m $2.8m $2.8m 1.55% Reduced -6.0m -6,000,000
14 HBK INVESTMENTS L P 0.03% of their portfolio DALLAS, TX 2,500,0002.5m $2.5m $2.5m 0.03% Unchanged
15 Catalyst Capital Advisors LLC 0.04% of their portfolio San Juan, PR 2,000,0002.0m $2.0m $2.0m 0.04% New
16 MARINER INVESTMENT GROUP LLC 0.55% of their portfolio NEW YORK, NY 1,800,0001.8m $1.8m $1.8m 0.55% Unchanged
17 ADVENT CAPITAL MANAGEMENT /DE/ 0.06% of their portfolio NEW YORK, NY 1,800,0001.8m $1.9m $1.9m 0.06% Unchanged
18 AVIVA PLC 0.00% of their portfolio LONDON, X0 1,440,0001.4m $1.5m $1.5m 0.00% Reduced -150.0k -150,000
19 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 475,000475.0k $479.8k $479.8k 0.00% Unchanged
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 465,610465.6k $465.6k $465.6k 0.00% Added +289.5k +289,495
21 Seelaus Asset Management LLC 0.22% of their portfolio CHATHAM, NJ 300,000300.0k $303.6k $303.6k 0.22% Unchanged
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 157,000157.0k $158.1k $158.1k 0.00% Unchanged
23 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 154,000154.0k $155.5k $155.5k 0.00% Added +78.0k +78,000
24 Commerce Advisors, LLC 0.08% of their portfolio MEMPHIS, TN 90,00090.0k $90.9k $90.9k 0.08% First filing
25 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 65,00065.0k $65.7k $65.7k 0.00% Reduced -25.0k -25,000
26 THOMPSON INVESTMENT MANAGEMENT, INC. 0.01% of their portfolio MADISON, WI 50,00050.0k $50.5k $50.5k 0.01% Unchanged
27 Meadowbrook Advisors Group, LLC 0.03% of their portfolio BEDMINSTER, NJ 50,00050.0k $50.5k $50.5k 0.03% Unchanged
28 BEACON INVESTMENT ADVISORS LLC 0.02% of their portfolio Gaithersburg, MD 45,00045.0k $45.5k $45.5k 0.02% New
29 LaSalle St. Investment Advisors, LLC 0.01% of their portfolio ELMHURST, IL 40,00040.0k $40.4k $40.4k 0.01% New
30 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 25,00025.0k $25.2k $25.2k 0.00% Unchanged
31 Duncan Williams Asset Management, LLC 0.01% of their portfolio MEMPHIS, TN 25,00025.0k $25.2k $25.2k 0.01% Unchanged
32 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 15,00015.0k $15.2k $15.2k 0.00% New
33 Centiva Capital, LP 0.05% of their portfolio New York, NY 10,91610.9k $1.1m $1.1m 0.05% Reduced -5.6k -5,600
34 ANDERSON HOAGLAND & CO 0.00% of their portfolio ST LOUIS, MO 10,00010.0k $10.1k $10.1k 0.00% Unchanged
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,0006.0k $6.1k $6.1k 0.00% Unchanged
36 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5,0005.0k $5.1k $5.1k 0.00% Unchanged
37 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,0005.0k $5.0k $5.0k 0.00% New