Redwood Grove Capital, LLC Top Holdings and 13F Report (2024)

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About Redwood Grove Capital, LLC

Investment Activity

Redwood Grove Capital, LLC has $321.04 million in total holdings as of March 31, 2024.
Redwood Grove Capital, LLC owns shares of 27 different stocks, but just 18 companies or ETFs make up 80% of its holdings.
Approximately 14.26% of the portfolio was purchased this quarter.
About 6.14% of the portfolio was sold this quarter.
This quarter, Redwood Grove Capital, LLC has purchased 25 new stocks and bought additional shares in 15 stocks.
Redwood Grove Capital, LLC sold shares of 6 stocks and completely divested from 1 stock this quarter.

Largest Holdings

NextEra Energy Partners: $23,358,774
QUALCOMM: $19,283,270
Catalent: $17,395,406
Array Technologies: $16,794,266
Generac: $16,410,814

Largest New Holdings this Quarter

International Flavors & Fragrances: $14,231,345 Holding
Shoals Technologies Group: $7,741,032 Holding
Ameresco: $7,169,916 Holding

Largest Purchases this Quarter

International Flavors & Fragrances: 165,500 shares (about $14.23M)
Shoals Technologies Group: 692,400 shares (about $7.74M)
Ameresco: 297,137 shares (about $7.17M)
Array Technologies: 230,102 shares (about $3.43M)
Catalent: 57,600 shares (about $3.25M)

Largest Sales this Quarter

Western Digital: 66,300 shares (about $4.52M)
Nordstrom: 213,000 shares (about $4.32M)
United Rentals: 4,375 shares (about $3.15M)
American Express: 5,670 shares (about $1.29M)
QUALCOMM: 6,700 shares (about $1.13M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
NEP NextEra Energy Partners	$23,358,774	$216,576 ▲	0.9%	776,555	7.3%	Oils/Energy
QCOM QUALCOMM	$19,283,270	$1,134,310 ▼	-5.6%	113,900	6.0%	Computer and Technology
CTLT Catalent	$17,395,406	$3,251,520 ▲	23.0%	308,156	5.4%	Medical
ARRY Array Technologies	$16,794,266	$3,430,821 ▲	25.7%	1,126,376	5.2%	Oils/Energy
GNRC Generac	$16,410,814	$946,050 ▲	6.1%	130,100	5.1%	Computer and Technology
WDC Western Digital	$15,873,511	$4,524,312 ▼	-22.2%	232,613	4.9%	Computer and Technology
GOOG Alphabet	$15,591,424	$898,334 ▲	6.1%	102,400	4.9%	Computer and Technology
WRK WestRock	$14,881,978	$494,500 ▲	3.4%	300,950	4.6%	Basic Materials
IFF International Flavors & Fragrances	$14,231,345	$14,231,345 ▲	New Holding	165,500	4.4%	Consumer Staples
FI Fiserv	$13,638,719	$773,529 ▲	6.0%	85,338	4.2%	Business Services
AMGN Amgen	$13,558,368	$1,990,240 ▲	17.2%	47,687	4.2%	Medical
BAC Bank of America	$13,093,776	$743,232 ▲	6.0%	345,300	4.1%	Finance
URI United Rentals	$12,752,109	$3,154,856 ▼	-19.8%	17,684	4.0%	Construction
SNY Sanofi	$12,692,084	$1,055,106 ▲	9.1%	261,154	4.0%	Medical
MRK Merck & Co., Inc.	$12,403,300	$699,335 ▲	6.0%	94,000	3.9%	Medical
PYPL PayPal	$11,987,191	$673,250 ▲	6.0%	178,940	3.7%	Computer and Technology
AXP American Express	$11,534,548	$1,291,002 ▼	-10.1%	50,659	3.6%	Finance
POR Portland General Electric	$9,371,250	$533,400 ▲	6.0%	223,125	2.9%	Utilities
INTC Intel	$8,980,865	$507,955 ▲	6.0%	203,325	2.8%	Computer and Technology
SHLS Shoals Technologies Group	$7,741,032	$7,741,032 ▲	New Holding	692,400	2.4%	Oils/Energy
ZWS Zurn Elkay Water Solutions	$7,731,369	$433,436 ▲	5.9%	230,994	2.4%	Industrial Products
AMRC Ameresco	$7,169,916	$7,169,916 ▲	New Holding	297,137	2.2%	Oils/Energy
BABA Alibaba Group	$6,319,922		0.0%	87,340	2.0%	Retail/Wholesale
JWN Nordstrom	$5,903,171	$4,317,510 ▼	-42.2%	291,227	1.8%	Retail/Wholesale
WLDN Willdan Group	$5,175,034		0.0%	178,511	1.6%	Construction
AMAL Amalgamated Financial	$4,824,192	$712,392 ▼	-12.9%	201,008	1.5%	Finance
ASPN Aspen Aerogels	$2,344,496		0.0%	133,210	0.7%	Construction
PGTI PGT Innovations	$0	$4,574,802 ▼	-100.0%	0	0.0%	Construction