Redwood Grove Capital, LLC
Long book
$309.8M
Q1 2026
Positions
22
Top-10 weight
64%
concentration
Last quarter
+25.0%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsRedwood Grove Capital, LLC is a concentrated fundamental stock-picker, running a $309.8M US long book across 22 positions.
The portfolio is concentrated: the top 10 names carry 64% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ELANCO ANIMAL HEALTH INC, ALPHABET INC-CL C, SHOALS TECHNOLOGIES GROUP -A, HUMANA INC, FIRST SOLAR INC.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.3%
Q2 2024
+6.7%
Q3 2024
-8.2%
Q4 2024
-11.5%
Q1 2025
+7.1%
Q2 2025
+22.4%
Q3 2025
+4.5%
Q4 2025
-8.8%
Q1 2026
+25.0%
Sector allocation
Technology 32%
Industrials 18%
Healthcare 17%
Financials 13%
Other 11%
Services media 9%
Long book by quarter
What does Redwood Grove own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ELAN ELANCO ANIMAL HEALTH INC | Healthcare | 1.3M | $30.9M | 10.0% | -17.0% |
| GOOG ALPHABET INC-CL C | Technology | 81.7K | $23.4M | 7.6% | -6.0% |
| SHLS SHOALS TECHNOLOGIES GROUP -A | Technology | 3.0M | $20.0M | 6.5% | +20.2% |
| HUM HUMANA INC | Financials | 114.9K | $19.9M | 6.4% | +8.7% |
| FSLR FIRST SOLAR INC | Technology | 94.4K | $18.6M | 6.0% | -2.9% |
| SW SMURFIT WESTROCK PLC | Other | 449.6K | $17.9M | 5.8% | +9.2% |
| XYL XYLEM INC | Industrials | 146.1K | $17.5M | 5.6% | New |
| IEX IDEX CORP | Industrials | 92.1K | $17.5M | 5.6% | Held |
| IQV IQVIA HOLDINGS INC | Healthcare | 93.5K | $15.9M | 5.1% | +103.7% |
| IFF INTL FLAVORS & FRAGRANCES | Other | 219.7K | $15.9M | 5.1% | Held |
| FISV FISERV INC | Services media | 257.6K | $14.4M | 4.6% | +35.7% |
| QCOM QUALCOMM INC | Technology | 109.0K | $14.0M | 4.5% | Held |
| BAC BANK OF AMERICA CORP | Financials | 248.6K | $12.1M | 3.9% | -5.0% |
| AMRC AMERESCO INC-CL A | Industrials | 469.5K | $12.0M | 3.9% | -4.7% |
| ICFI ICF INTERNATIONAL INC | Services media | 181.1K | $11.8M | 3.8% | +22.1% |
| ARRY ARRAY TECHNOLOGIES INC | Technology | 1.6M | $11.4M | 3.7% | -4.4% |
| UCTT ULTRA CLEAN HOLDINGS INC | Technology | 162.4K | $10.1M | 3.3% | New |
| GNRC GENERAC HOLDINGS INC | Industrials | 49.3K | $9.6M | 3.1% | -39.4% |
| BRO BROWN & BROWN INC | Financials | 116.4K | $7.6M | 2.4% | +26.5% |
| MRK MERCK & CO. INC. | Healthcare | 30.1K | $3.6M | 1.2% | -78.5% |
| URI UNITED RENTALS INC | Services media | 2.2K | $1.6M | 0.5% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 22 | $309.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 22 | $350.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 21 | $349.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 22 | $301.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 23 | $278.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 23 | $322.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 22 | $368.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 26 | $319.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | May 23, 2024 | 27 | $321.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 27 | $321.0M | SEC ↗ |
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