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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
(-9.9%)
Cap. Flow
+$14.4M
Cap. Flow
% of AUM
3.66%
Top 10 Holdings %
Top 10 Hldgs %
80.36%
Holding
28
New
9
Increased
2
Reduced
–
Closed
10
Top Buys
| 1 |
BRSP
BrightSpire Capital
BRSP
|
+$38.6M |
| 2 |
LSI
Life Storage, Inc.
LSI
|
+$20.2M |
| 3 |
SAFE
Safehold
SAFE
|
+$17.1M |
| 4 |
SBA Communications
SBAC
|
+$15.1M |
| 5 |
Target Hospitality
TH
|
+$7.2M |
Top Sells
| 1 |
RADI
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
|
+$49.1M |
| 2 |
Civeo
CVEO
|
+$25.8M |
| 3 |
WSR
Whitestone REIT
WSR
|
+$21.7M |
| 4 |
MasterBrand
MBC
|
+$7.55M |
Sector Composition
| 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 | |
|---|---|---|---|---|---|---|
|
INDT
1
DELISTED
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
| $69.5M | 17.75% |
1,049,088
| – | – |
|
|
2
Target Hospitality
TH
$1.68B
| $56.3M | 14.36% |
4,281,450
+450,001
| +12% | +$7.2M |
|
3
DigitalBridge
DBRG
$2.92B
| $33.6M | 8.57% |
2,800,000
+349,250
| +14% | +$4.39M |
|
|
BRSP
4
BrightSpire Capital
BRSP
$720M
| $33.2M | 8.48% |
+5,633,333
| New | +$38.6M |
|
|
RPC
5
Ridgepost Capital
RPC
$951M
| $24.9M | 6.35% |
2,459,702
| – | – |
|
6
CALL
iShares S&P 100 ETF
OEF
$20.1B
| $23.3M | 5.96% |
+275,000
| New | +$49.3M |
|
|
LSI
7
DELISTED
Life Storage, Inc.
LSI
| $22.9M | 5.85% |
+175,000
| New | +$20.2M |
|
8
Sonida Senior Living
SNDA
$1.92B
| $20.3M | 5.17% |
2,985,481
| – | – |
|
9
Walker & Dunlop
WD
$1.76B
| $15.5M | 3.95% |
203,000
| – | – |
|
|
BRDG
10
DELISTED
Bridge Investment Group
BRDG
| $15.4M | 3.94% |
1,362,064
| – | – |
|
11
Griffon
GFF
$4.29B
| $14.6M | 3.72% |
455,954
| – | – |
|
|
12
SBA Communications
SBAC
$19.6B
| $14.4M | 3.66% |
+55,000
| New | +$15.1M |
|
|
UHG
13
DELISTED
United Homes Group
UHG
| $11.1M | 2.84% |
+535,173
| New | +$5.75M |
|
|
SAFE
14
Safehold
SAFE
$1.23B
| $9.99M | 2.55% |
+340,000
| New | +$17.1M |
|
15
UDR
UDR
$13.2B
| $6.77M | 1.73% |
+165,000
| New | +$6.82M |
|
|
PRMW
16
DELISTED
Primo Water Corporation
PRMW
| $6.77M | 1.73% |
+441,304
| New | +$6.76M |
|
17
American Homes 4 Rent
AMH
$12.4B
| $6.76M | 1.73% |
+215,000
| New | +$6.86M |
|
|
18
CALL
Target Hospitality
TH
$1.68B
| $6.57M | 1.68% |
500,000
| – | – |
|
|
ACRE
19
PUT
Ares Commercial Real Estate
ACRE
$261M
| – | – |
-425,000
| Closed | -$4.37M |
|
|
ARI
20
PUT
Apollo Commercial Real Estate
ARI
$919M
| – | – |
-500,000
| Closed | -$5.38M |
|
|
21
Civeo
CVEO
$383M
| – | – |
-830,055
| Closed | -$25.8M |
|
22
PUT
Hercules Capital
HTGC
$3.06B
| – | – |
-325,000
| Closed | -$4.3M |
|
23
PUT
iShares Russell 2000 ETF
IWM
$82.2B
| – | – |
-150,000
| Closed | -$26.2M |
|
|
24
MasterBrand
MBC
$1.17B
| – | – |
-1,000,000
| Closed | -$7.55M |
|
25
PUT
Blue Owl Capital
OBDC
$5.55B
| – | – |
-1,048,600
| Closed | -$12.1M |
|
Similar funds
CAWM
PCOC
HI
SIA
KAM
EIG
APG
HCP
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.