Redwood Capital Management LLC is an investment advisor focusing mainly on distressed and stressed credit opportunities. The firm provides its services to high net worth individuals and select pooled investment vehicles. Redwood Capital Management LLC submitted its SEC 13F filings for the quarter ended September 30, 2014, showing that YPF SA (ADR) (NYSE:YPF), Metlife Inc (NYSE:MET), and General Motors Company (NYSE:GM) were its top three holdings.
Redwood Capital Management LLC had its largest investment as YPF SA (ADR) (NYSE:YPF), which accounted for $71.93 million. YPF SA (ADR) (NYSE:YPF) is an integrated oil and gas company based in Argentina, exploring, developing, and producing liquefied petroleum gas, crude oil, and natural gas. Mason Capital Management had the largest number of shares of the company with a total of 15.72 million shares. The fund with the second largest amount of shares was Soros Fund Management, which held a total of 13.32 million shares. (You can see complete list on hedge funds which hold positions on YPF SA (ADR) (NYSE:YPF) at the end of the third quarter).
The second largest investment of the company was Metlife Inc (NYSE:MET) that represented a total of $56.89 million in value. Metlife Inc (NYSE:MET) is a reputable provider of insurance services, employee benefit programs, and annuities to a wide range of customers. Three analysts at Zacks have recently given the company a “hold” rating. Metlife Inc (NYSE:MET) has opened a new and promising frontier in China, with the launch of a digital platform for its services and sales.
General Motors Company (NYSE:GM) was the third largest investment of Redwood Capital Management LLC, with investment worth $52.75 million. General Motors Company (NYSE:GM) is an American company based in Detroid Michigan and a designer, manufacturer and seller of motor vehicle, parts, and financial services. The company also produces motor vehicles with special parts for special needs drivers. The recent fall in oil prices has been good news for General Motors Company (NYSE:GM). The company has recorded higher sales in its third quarter, and even a better one in November, 2014.
This article has been written by Victor Ochieng.