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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
+4.89%
1 Year Est. Return
+20.03%
3 Year Est. Return
+177.96%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$329M
AUM Growth
-$73.4M
Cap. Flow
-$80.8M
Cap. Flow %
-24.57%
Top 10 Hldgs %
89.47%
Holding
23
New
3
Increased
5
Reduced
1
Closed
9

Top Buys

Rank Stock Value
1
OUT icon
Outfront Media
OUT
+$27.1M
2
NPKI
NPK International
NPKI
+$16.1M
3
CRH icon
CRH
CRH
+$11.7M
4
CCO icon
Clear Channel Outdoor Holdings
CCO
+$9.91M
5
SNDA icon
Sonida Senior Living
SNDA
+$6.15M

Top Sells

Rank Stock Value
1
GFF icon
Griffon
GFF
+$20.4M
2
BRSP
BrightSpire Capital
BRSP
+$9.34M
3
VTMX icon
Vesta Real Estate
VTMX
+$4.03M
4
PRMW
Primo Water Corporation
PRMW
+$3.82M
5
SAFE
Safehold
SAFE
+$3.02M

Sector Composition

Rank Sector Weight
1 Financials 34.73%
2 Industrials 28.18%
3 Real Estate 17.07%
4 Healthcare 9.98%
5 Materials 5.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TH icon
1
Target Hospitality
TH
$1.63B
$73.3M 22.29%
4,617,960
+336,510
+8% +$4.75M
DBRG icon
2
DigitalBridge
DBRG
$2.92B
$49.2M 14.96%
2,800,000
– –
SNDA icon
3
Sonida Senior Living
SNDA
$1.93B
$32.8M 9.98%
3,652,981
+667,500
+22% +$6.15M
RPC
4
Ridgepost Capital
RPC
$964M
$28.7M 8.71%
2,459,702
– –
OUT icon
5
Outfront Media
OUT
$5.85B
$21.6M 6.56%
+2,169,403
New +$27.1M
BRSP
6
BrightSpire Capital
BRSP
$715M
$21.6M 6.55%
3,444,632
-1,363,701
-28% -$9.34M
CRH icon
7
CRH
CRH
$68.8B
$19.7M 5.99%
360,051
+205,051
+132% +$11.7M
NPKI
8
NPK International
NPKI
$1.21B
$19.4M 5.89%
+2,803,440
New +$16.1M
WD icon
9
Walker & Dunlop
WD
$1.72B
$15.1M 4.58%
203,000
– –
SBAC icon
10
SBA Communications
SBAC
$19.7B
$13M 3.95%
65,000
+10,000
+18% +$2.23M
BRDG
11
DELISTED
Bridge Investment Group
BRDG
$13M 3.95%
1,412,213
+149
+0% +$1.65K
CCO icon
12
Clear Channel Outdoor Holdings
CCO
$1.23B
$10.3M 3.14%
+6,535,456
New +$9.91M
PFSI icon
13
PennyMac Financial
PFSI
$4.43B
$8.32M 2.53%
125,000
– –
UHG
14
DELISTED
United Homes Group
UHG
$3M 0.91%
535,173
– –
GFF icon
15
Griffon
GFF
$4.2B
– –
-505,954
Closed -$20.4M
ITB icon
16
PUT
iShares US Home Construction ETF
ITB
$2.46B
– –
-350,000
Closed -$29.9M
IWM icon
17
PUT
iShares Russell 2000 ETF
IWM
$82.2B
– –
-200,000
Closed -$37.5M
IYR icon
18
PUT
iShares US Real Estate ETF
IYR
$4.83B
– –
-450,000
Closed -$38.9M
SAFE
19
Safehold
SAFE
$1.22B
– –
-127,165
Closed -$3.02M
TH icon
20
CALL
Target Hospitality
TH
$1.63B
– –
-500,000
Closed -$6.71M
VTMX icon
21
Vesta Real Estate
VTMX
$3.21B
– –
-125,000
Closed -$4.03M
PRMW
22
DELISTED
Primo Water Corporation
PRMW
– –
-305,000
Closed -$3.82M

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 Q3 2023 Portfolio in Review

As of Q3 2023, Conversant Capital held 23 positions worth $329M, down 18% from $402M the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Conversant Capital withdrew a net $80.8M in Q3 2023, closing 9 positions and reducing 1 holding. Its most notable exit was Griffon, an estimated $20.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 27% a quarter earlier, followed by Industrials and Real Estate.

Against the trend, Conversant Capital opened a new position in Outfront Media worth $21.6M.

  • Conversant Capital's largest Q3 2023 buy was Outfront Media: 2,169,403 shares worth $21.6M.
  • Conversant Capital added most to CRH in Q3 2023, an estimated $11.7M increase.
  • Conversant Capital's biggest Q3 2023 reduction was BrightSpire Capital, cutting an estimated $9.34M.
  • Conversant Capital fully exited Griffon in Q3 2023, selling an estimated $20.4M.
  • Conversant Capital's ten largest holdings make up 89% of its $329M portfolio in Q3 2023.
  • Conversant Capital opened 3 new positions and closed 9 in Q3 2023.
  • Conversant Capital's portfolio value fell 18% quarter-over-quarter to $329M.

Based on Conversant Capital's 13F filing for Q3 2023, filed 14 Nov 2023.