Vault-13

REDWOOD TRUST INC RWT 7.75 06.15.27

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

40 institutional holders +3 vs Q1 2026
3,534,0003.5m shares reported held*
$161.8mreported value*
7 new 9 added 7 reduced 4 sold out net bought ≈ $44.0m (-8.5m 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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.46.

Trends to Q2 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: 37Q2 26: 4040Q2 23Q1 24Q4 24Q3 25Q2 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
Q2 202640

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 24: 8 bought or addedQ3 24: 5 cut or sold outQ4 24: 7 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 4 bought or addedQ1 25: 9 cut or sold outQ2 25: 11 bought or addedQ2 25: 5 cut or sold outQ2 25Q3 25: 17 bought or addedQ3 25: 6 cut or sold outQ4 25: 10 bought or addedQ4 25: 14 cut or sold outQ4 25Q1 26: 16 bought or addedQ1 26: 14 cut or sold outQ2 26: 16 bought or addedQ2 26: 11 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202485
Q4 202479
Q1 202549
Q2 2025115
Q3 2025176
Q4 20251014
Q1 20261614
Q2 20261611

Biggest buyers

VICTORY CAPITAL MANAGEMENT INC New +18,144,000+18.1m
HBK INVESTMENTS L P Added +16,375,000+16.4m
SSI INVESTMENT MANAGEMENT LLC New +10,375,000+10.4m
JPMORGAN CHASE & CO Added +5,500,000+5.5m
PIPER SANDLER & CO. Added +3,025,000+3.0m
BlackRock, Inc. Added +1,100,000+1.1m
Aequim Alternative Investments LP Added +1,000,000+1.0m
Catalyst Capital Advisors LLC Added +1,000,000+1.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +700,000+700.0k
STIFEL FINANCIAL CORP Added +388,850+388.9k

Biggest sellers

SSI INVESTMENT MANAGEMENT LLC Sold out -9,650,000-9.7m
WATERFALL ASSET MANAGEMENT, LLC Sold out -2,743,000-2.7m
Nuveen, LLC Reduced -775,000-775.0k
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -500,000-500.0k
OAKTREE CAPITAL MANAGEMENT LP Reduced -366,000-366.0k
AVIVA PLC Reduced -150,000-150.0k
Commerce Advisors, LLC Sold out -90,000-90.0k
RAYMOND JAMES FINANCIAL INC Reduced -25,000-25.0k
ALLIANCEBERNSTEIN L.P. Sold out -15,000-15.0k
Russell Investments Group, Ltd. Reduced -11,000-11.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HBK INVESTMENTS L P 0.22% of their portfolio DALLAS, TX 18,875,00018.9m $19.2m $19.2m 0.22% Added +16.4m +16,375,000
2 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 18,144,00018.1m $18.3m $18.3m 0.01% New
3 Context Capital Management, LLC 0.35% of their portfolio LAJOLLA, CA 17,297,00017.3m $17.6m $17.6m 0.35% Unchanged
4 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 16,000,00016.0m $16.2m $16.2m 0.00% Reduced -775.0k -775,000
5 Fort Baker Capital Management LP 0.98% of their portfolio Larkspur, CA 12,126,00012.1m $12.3m $12.3m 0.98% Unchanged
6 Aequim Alternative Investments LP 0.17% of their portfolio MILL VALLEY, CA 10,750,00010.8m $10.9m $10.9m 0.17% Added +1.0m +1,000,000
7 SSI INVESTMENT MANAGEMENT LLC 0.61% of their portfolio Los Angeles, CA 10,375,00010.4m $10.5m $10.5m 0.61% New
8 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 10,056,00010.1m $10.2m $10.2m 0.01% Added +700.0k +700,000
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9,542,0009.5m $9.6m $9.6m 0.00% Added +5.5m +5,500,000
10 OAKTREE CAPITAL MANAGEMENT LP 0.15% of their portfolio LOS ANGELES, CA 7,881,0007.9m $8.0m $8.0m 0.15% Reduced -366.0k -366,000
11 PIPER SANDLER & CO. 5.19% of their portfolio MINNEAPOLIS, MN 6,988,0007.0m $7.0m $7.0m 5.19% Added +3.0m +3,025,000
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,625,0005.6m $5.7m $5.7m 0.00% Added +1.1m +1,100,000
13 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,731,0003.7m $3.8m $3.8m 0.00% Reduced -11.0k -11,000
14 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 3,500,0003.5m $3.5m $3.5m 0.01% Unchanged
15 Catalyst Capital Advisors LLC 0.05% of their portfolio San Juan, PR 3,000,0003.0m $3.0m $3.0m 0.05% Added +1.0m +1,000,000
16 MARINER INVESTMENT GROUP LLC 0.43% of their portfolio NEW YORK, NY 1,800,0001.8m $1.8m $1.8m 0.43% Unchanged
17 ADVENT CAPITAL MANAGEMENT /DE/ 0.03% of their portfolio NEW YORK, NY 1,300,0001.3m $1.3m $1.3m 0.03% Reduced -500.0k -500,000
18 AVIVA PLC 0.00% of their portfolio LONDON, X0 1,290,0001.3m $1.3m $1.3m 0.00% Reduced -150.0k -150,000
19 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 854,460854.5k $854.5k $854.5k 0.00% Added +388.9k +388,850
20 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 450,000450.0k $454.5k $454.5k 0.00% Reduced -25.0k -25,000
21 Seelaus Asset Management LLC 0.21% of their portfolio CHATHAM, NJ 300,000300.0k $301.4k $301.4k 0.21% Unchanged
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 157,000157.0k $159.0k $159.0k 0.00% Unchanged
23 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 144,000144.0k $145.4k $145.4k 0.00% Reduced -10.0k -10,000
24 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 100,000100.0k $101.2k $101.2k 0.00% New
25 CreativeOne Wealth, LLC 0.00% of their portfolio OVERLAND PARK, KS 100,000100.0k $101.0k $101.0k 0.00% New
26 Commerce Advisors, LLC 0.05% of their portfolio MEMPHIS, TN 90,00090.0k $90.9k $90.9k 0.05% New
27 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 65,00065.0k $65.7k $65.7k 0.00% Unchanged
28 THOMPSON INVESTMENT MANAGEMENT, INC. 0.01% of their portfolio MADISON, WI 50,00050.0k $50.5k $50.5k 0.01% Unchanged
29 Meadowbrook Advisors Group, LLC 0.03% of their portfolio BEDMINSTER, NJ 50,00050.0k $50.5k $50.5k 0.03% Unchanged
30 BEACON INVESTMENT ADVISORS LLC 0.01% of their portfolio Gaithersburg, MD 45,00045.0k $45.5k $45.5k 0.01% Unchanged
31 LaSalle St. Investment Advisors, LLC 0.00% of their portfolio ELMHURST, IL 40,00040.0k $40.4k $40.4k 0.00% Unchanged
32 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 25,00025.0k $25.2k $25.2k 0.00% Unchanged
33 Duncan Williams Asset Management, LLC 0.01% of their portfolio MEMPHIS, TN 25,00025.0k $25.2k $25.2k 0.01% Unchanged
34 LEVEL FOUR ADVISORY SERVICES, LLC 0.00% of their portfolio DALLAS, TX 20,00020.0k $20.2k $20.2k 0.00% New
35 Centiva Capital, LP 0.05% of their portfolio New York, NY 15,09115.1k $1.5m $1.5m 0.05% Added +4.2k +4,175
36 ANDERSON HOAGLAND & CO 0.00% of their portfolio ST LOUIS, MO 10,00010.0k $10.0k $10.0k 0.00% Unchanged
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,0006.0k $6.1k $6.1k 0.00% Unchanged
38 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5,0005.0k $5.0k $5.0k 0.00% Unchanged
39 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,0005.0k $5.0k $5.0k 0.00% Unchanged
40 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 9999 $10.0k $10.0k 0.00% New