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Conversant Capital Portfolio holdings

AUM $745M
1-Year Est. Return 20.03%
This Fund
S&P 500
This Quarter Est. Return
-0.3%
1 Year Est. Return
+20.03%
3 Year Est. Return
+177.96%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$392M
AUM Growth
-$43.2M
Cap. Flow
+$14.4M
Cap. Flow %
3.66%
Top 10 Hldgs %
80.36%
Holding
28
New
9
Increased
2
Reduced
–
Closed
10

Top Buys

Rank Stock Value
1
BRSP
BrightSpire Capital
BRSP
+$38.6M
2
LSI
Life Storage, Inc.
LSI
+$20.2M
3
SAFE
Safehold
SAFE
+$17.1M
4
SBAC icon
SBA Communications
SBAC
+$15.1M
5
TH icon
Target Hospitality
TH
+$7.2M

Top Sells

Rank Stock Value
1
RADI
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
+$49.1M
2
CVEO icon
Civeo
CVEO
+$25.8M
3
WSR
Whitestone REIT
WSR
+$21.7M
4
MBC icon
MasterBrand
MBC
+$7.55M

Sector Composition

Rank Sector Weight
1 Real Estate 41.75%
2 Financials 22.8%
3 Industrials 18.08%
4 Healthcare 5.17%
5 Consumer Discretionary 2.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STWD icon
26
PUT
Starwood Property Trust
STWD
$6.3B
– –
-400,000
Closed -$7.33M
WSR
27
DELISTED
Whitestone REIT
WSR
– –
-2,253,070
Closed -$21.7M
RADI
28
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
– –
-4,153,241
Closed -$49.1M
1
2

Similar funds

CAWM
Capital Advisors Wealth Management Yakima, Washington $745M AUM 17.56% 1-Year Est. Return
PCOC
Power Corp of Canada Montreal, Quebec, Canada $745M AUM 22.7% 1-Year Est. Return
HI
Hendershot Investments Centreville, Virginia $744M AUM 11.03% 1-Year Est. Return
SIA
SkyView Investment Advisors Shrewsbury, New Jersey $743M AUM 17.91% 1-Year Est. Return
KAM
Knightsbridge Asset Management Newport Beach, California $743M AUM 28.33% 1-Year Est. Return
EIG
Ellenbecker Investment Group Waukesha, Wisconsin $743M AUM 15.2% 1-Year Est. Return
APG
Abacus Planning Group Columbia, South Carolina $743M AUM 17.45% 1-Year Est. Return
HCP
Holt Capital Partners Fort Worth, Texas $742M AUM 18.42% 1-Year Est. Return

Conversant Capital's Q1 2023 Portfolio in Review

As of Q1 2023, Conversant Capital held 28 positions worth $392M, down 9.9% from $435M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Conversant Capital deployed $14.4M of net new capital in Q1 2023, opening 9 new positions and adding to 2 existing holdings. Its largest new stake was BrightSpire Capital: 5,633,333 shares worth $33.2M.

By sector, the portfolio is most concentrated in Real Estate at 42% of assets, up from 32% a quarter earlier, followed by Financials and Industrials.

On the sell side, the most notable exit was Radius Global Infrastructure, Inc. Class A Common Stock, an estimated $49.1M sold.

  • Conversant Capital's largest Q1 2023 buy was BrightSpire Capital: 5,633,333 shares worth $33.2M.
  • Conversant Capital added most to Target Hospitality in Q1 2023, an estimated $7.2M increase.
  • Conversant Capital fully exited Radius Global Infrastructure, Inc. Class A Common Stock in Q1 2023, selling an estimated $49.1M.
  • Conversant Capital's ten largest holdings make up 80% of its $392M portfolio in Q1 2023.
  • Conversant Capital opened 9 new positions and closed 10 in Q1 2023.
  • Conversant Capital's portfolio value fell 9.9% quarter-over-quarter to $392M.

Based on Conversant Capital's 13F filing for Q1 2023, filed 15 May 2023.