Redwood Grove Capital 13F annual report
Redwood Grove Capital is an investment fund managing more than $319 billion ran by Shahriq Sheikh. There are currently 26 companies in Sheikh’s portfolio. The largest investments include NextEra Partners LP and Alphabet Inc, together worth $42.6 billion.
$319 billion Assets Under Management (AUM)
As of 7th August 2024, Redwood Grove Capital’s top holding is 820,799 shares of NextEra Partners LP currently worth over $22.7 billion and making up 7.1% of the portfolio value.
Relative to the number of outstanding shares of NextEra Partners LP, Redwood Grove Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 108,300 shares of Alphabet Inc worth $19.9 billion, whose value grew 12.8% in the past six months.
The third-largest holding is International Flavorsfragra worth $16.1 billion and the next is Generac Inc worth $15.9 billion, with 120,582 shares owned.
Currently, Redwood Grove Capital's portfolio is worth at least $319 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Redwood Grove Capital
The Redwood Grove Capital office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, Shahriq Sheikh serves as the Chief Operating Officer at Redwood Grove Capital.
Recent trades
In the most recent 13F filing, Redwood Grove Capital revealed that it had opened a new position in
Alphabet Inc and bought 108,300 shares worth $19.9 billion.
This means they effectively own approximately 0.1% of the company.
Alphabet Inc makes up
35.0%
of the fund's Technology sector allocation and has grown its share price by 25.9% in the past year.
The investment fund also strengthened its position in NextEra Partners LP by buying
44,244 additional shares.
This makes their stake in NextEra Partners LP total 820,799 shares worth $22.7 billion.
NextEra Partners LP dropped 46.4% in the past year.
On the other hand, there are companies that Redwood Grove Capital is getting rid of from its portfolio.
Redwood Grove Capital closed its position in Alphabet Inc on 14th August 2024.
It sold the previously owned 102,400 shares for $15.6 billion.
Shahriq Sheikh also disclosed a decreased stake in Generac Inc by approximately 0.1%.
This leaves the value of the investment at $15.9 billion and 120,582 shares.
One of the smaller hedge funds
The two most similar investment funds to Redwood Grove Capital are Sr One Capital Management, L.P. and Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet Ltd. They manage $319 billion and $319 billion respectively.
Shahriq Sheikh investment strategy
Redwood Grove Capital’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 17.8% of
the total portfolio value.
The fund focuses on investments in the United States as
65.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
35% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $107 billion.
The complete list of Redwood Grove Capital trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NextEra Energy Partners LP |
5.70%
820,799
|
$22,686,884,000 | 7.10% |
| Alphabet Inc |
Opened
108,300
|
$19,864,386,000 | 6.22% |
| International Flavorsfragra |
2.23%
169,184
|
$16,108,009,000 | 5.04% |
| Generac Holdings Inc |
7.32%
120,582
|
$15,943,352,000 | 4.99% |
| AMGEN Inc. |
5.66%
50,387
|
$15,743,418,000 | 4.93% |
| Qualcomm, Inc. |
30.99%
78,600
|
$15,655,548,000 | 4.90% |
| Alphabet Inc |
Closed
102,400
|
$15,591,424,000 | |
| Western Digital Corp. |
17.54%
191,813
|
$14,533,671,000 | 4.55% |
| Bank America Corp |
5.68%
364,900
|
$14,512,073,000 | 4.54% |
| WestRock Co |
4.59%
287,150
|
$14,432,159,000 | 4.52% |
| Catalent Inc. |
16.81%
256,356
|
$14,414,898,000 | 4.51% |
| Fiserv, Inc. |
5.67%
90,178
|
$13,440,129,000 | 4.21% |
| Sanofi |
5.65%
275,904
|
$13,386,862,000 | 4.19% |
| Portland Gen Elec Co |
32.36%
295,325
|
$12,769,853,000 | 4.00% |
| Array Technologies, Inc. |
10.20%
1,241,274
|
$12,735,471,000 | 3.99% |
| American Express Co. |
5.67%
53,529
|
$12,394,640,000 | 3.88% |
| Merck Co Inc |
5.64%
99,300
|
$12,293,340,000 | 3.85% |
| United Rentals, Inc. |
5.74%
18,699
|
$12,093,204,000 | 3.79% |
| PayPal Holdings Inc |
5.62%
188,990
|
$10,967,090,000 | 3.43% |
| Shoals Technologies Group In |
146.37%
1,705,900
|
$10,644,816,000 | 3.33% |
| Ameresco Inc. |
18.55%
352,248
|
$10,148,265,000 | 3.18% |
| Zurn Elkay Water Solns Corp |
5.61%
243,944
|
$7,171,954,000 | 2.25% |
| Intel Corp. |
5.66%
214,825
|
$6,653,130,000 | 2.08% |
| Alibaba Group Hldg Ltd |
No change
87,340
|
$6,288,480,000 | 1.97% |
| Nordstrom, Inc. |
No change
291,227
|
$6,179,837,000 | 1.93% |
| Willdan Group Inc |
No change
178,511
|
$5,150,042,000 | 1.61% |
| Amalgamated Financial Corp |
Closed
201,008
|
$4,824,192,000 | |
| Aspen Aerogels Inc. |
No change
133,210
|
$3,177,059,000 | 0.99% |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||
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