# Redwood Grove Capital, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1691170. Source: https://holderbook.com/funds/1691170-redwood-grove-capital-llc/

- Reported value: $394.7M
- Positions: 25
- Weight of the ten largest: 60.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ELANCO ANIMAL HEALTH INC | [ELAN](https://holderbook.com/stocks/ELAN/) | $37.5M | 1,525,300 | 9.5% | 6 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $29.1M | 246,112 | 7.4% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $25.5M | 72,081 | 6.5% | 8 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $23.5M | 59,070 | 5.9% | 7 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $23.2M | 500,636 | 5.9% | 8 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $21.4M | 115,806 | 5.4% | 23 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $20.9M | 92,100 | 5.3% | 4 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $20.1M | 85,200 | 5.1% | 7 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $19.5M | 38,800 | 4.9% | 1 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $18.1M | 93,500 | 4.6% | 6 |
| SHOALS TECHNOLOGIES GROUP IN | [SHLS](https://holderbook.com/stocks/SHLS/) | $17.4M | 1,760,722 | 4.4% | 10 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $17.4M | 219,682 | 4.4% | 10 |
| AMERESCO INC | [AMRC](https://holderbook.com/stocks/AMRC/) | $15.0M | 543,525 | 3.8% | 10 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $14.5M | 101,458 | 3.7% | 2 |
| ICF INTL INC | [ICFI](https://holderbook.com/stocks/ICFI/) | $14.1M | 192,852 | 3.6% | 4 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $12.6M | 257,632 | 3.2% | 22 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $12.4M | 42,280 | 3.1% | 16 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $12.2M | 213,507 | 3.1% | 23 |
| ARRAY TECHNOLOGIES INC | [ARRY](https://holderbook.com/stocks/ARRY/) | $9.9M | 1,330,267 | 2.5% | 21 |
| GFL ENVIRONMENTAL INC | [GFL](https://holderbook.com/stocks/GFL/) | $7.9M | 214,000 | 2.0% | 1 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $7.5M | 116,400 | 1.9% | 3 |
| PRIMORIS SVCS CORP | [PRIM](https://holderbook.com/stocks/PRIM/) | $6.2M | 62,291 | 1.6% | 1 |
| OSHKOSH CORP | [OSK](https://holderbook.com/stocks/OSK/) | $4.9M | 31,800 | 1.2% | 1 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $2.5M | 2,249 | 0.6% | 23 |
| HURON CONSULTING GROUP INC | [HURN](https://holderbook.com/stocks/HURN/) | $1.7M | 19,200 | 0.4% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +26.8% | +14.8% | +12.0% | 100% |
| Q1 2026 | -9.1% | -4.6% | -4.4% | 100% |
| Q4 2025 | +4.3% | +2.4% | +1.9% | 100% |
| Q3 2025 | +22.1% | +7.8% | +14.3% | 95% |
| Q2 2025 | +7.0% | +10.5% | -3.4% | 100% |
| Q1 2025 | -12.2% | -4.6% | -7.6% | 100% |
| Q4 2024 | -9.1% | +2.1% | -11.2% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $394.7M | 25 |
| Q1 2026 | $309.8M | 22 |
| Q4 2025 | $350.7M | 22 |
| Q3 2025 | $349.4M | 21 |
| Q2 2025 | $301.4M | 22 |
| Q1 2025 | $278.9M | 23 |
| Q4 2024 | $322.9M | 23 |
| Q3 2024 | $368.2M | 22 |
| Q2 2024 | $319.4M | 26 |
| Q1 2024 | $321.0M | 27 |
| Q4 2023 | $270.8M | 25 |
| Q3 2023 | $249.5M | 27 |