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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
+1.46%
1 Year Est. Return
+20.03%
3 Year Est. Return
+177.96%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$233M
AUM Growth
-$95.6M
(-29%)
Cap. Flow
-$80.8M
Cap. Flow
% of AUM
-34.64%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
15
New
1
Increased
5
Reduced
3
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rexford Industrial Realty
REXR
|
+$14.7M |
| 2 |
PennyMac Financial
PFSI
|
+$13.1M |
| 3 |
NPKI
NPK International
NPKI
|
+$11.5M |
| 4 |
Sonida Senior Living
SNDA
|
+$3.75M |
| 5 |
Clear Channel Outdoor Holdings
CCO
|
+$3.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRSP
BrightSpire Capital
BRSP
|
+$21.6M |
| 2 |
DigitalBridge
DBRG
|
+$21.4M |
| 3 |
CRH
CRH
|
+$19.7M |
| 4 |
Walker & Dunlop
WD
|
+$15.1M |
| 5 |
Outfront Media
OUT
|
+$13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 32.35% |
| 2 | Financials | 28.31% |
| 3 | Healthcare | 17.37% |
| 4 | Real Estate | 13.19% |
| 5 | Communication Services | 6.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Target Hospitality
TH
$1.63B
| $45.9M | 19.67% |
4,717,960
+100,000
| +2% | +$1.24M |
|
|
2
Sonida Senior Living
SNDA
$1.93B
| $40.5M | 17.37% |
4,052,981
+400,000
| +11% | +$3.75M |
|
|
NPKI
3
NPK International
NPKI
$1.21B
| $29.6M | 12.68% |
4,456,852
+1,653,412
| +59% | +$11.5M |
|
|
4
PennyMac Financial
PFSI
$4.43B
| $26.5M | 11.36% |
300,000
+175,000
| +140% | +$13.1M |
|
|
5
DigitalBridge
DBRG
$2.92B
| $26.3M | 11.27% |
1,500,000
-1,300,000
| -46% | -$21.4M |
|
|
6
Rexford Industrial Realty
REXR
$8.46B
| $16.8M | 7.21% |
+300,000
| New | +$14.7M |
|
|
7
Clear Channel Outdoor Holdings
CCO
$1.23B
| $16M | 6.84% |
8,775,256
+2,239,800
| +34% | +$3.1M |
|
|
8
Outfront Media
OUT
$5.85B
| $14M | 5.98% |
1,015,975
-1,153,428
| -53% | -$13M |
|
|
RPC
9
Ridgepost Capital
RPC
$964M
| $13.2M | 5.67% |
1,295,184
-1,164,518
| -47% | -$11.5M |
|
|
UHG
10
DELISTED
United Homes Group
UHG
| $4.51M | 1.93% |
535,173
| – | – |
|
|
BRDG
11
DELISTED
Bridge Investment Group
BRDG
| – | – |
-1,412,213
| Closed | -$13M |
|
|
BRSP
12
BrightSpire Capital
BRSP
$715M
| – | – |
-3,444,632
| Closed | -$21.6M |
|
|
13
CRH
CRH
$68.8B
| – | – |
-360,051
| Closed | -$19.7M |
|
14
SBA Communications
SBAC
$19.7B
| – | – |
-65,000
| Closed | -$13M |
|
|
15
Walker & Dunlop
WD
$1.72B
| – | – |
-203,000
| Closed | -$15.1M |
|
Similar funds
CAWM
PCOC
HI
SIA
KAM
EIG
APG
HCP
Conversant Capital's Q4 2023 Portfolio in Review
As of Q4 2023, Conversant Capital held 15 positions worth $233M, down 29% from $329M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Conversant Capital withdrew a net $80.8M in Q4 2023, closing 5 positions and reducing 3 holdings. Its most notable exit was BrightSpire Capital, an estimated $21.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 32% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Conversant Capital opened a new position in Rexford Industrial Realty worth $16.8M.
- Conversant Capital's largest Q4 2023 buy was Rexford Industrial Realty: 300,000 shares worth $16.8M.
- Conversant Capital added most to PennyMac Financial in Q4 2023, an estimated $13.1M increase.
- Conversant Capital's biggest Q4 2023 reduction was DigitalBridge, cutting an estimated $21.4M.
- Conversant Capital fully exited BrightSpire Capital in Q4 2023, selling an estimated $21.6M.
- Conversant Capital's ten largest holdings make up 100% of its $233M portfolio in Q4 2023.
- Conversant Capital opened 1 new position and closed 5 in Q4 2023.
- Conversant Capital's portfolio value fell 29% quarter-over-quarter to $233M.
Based on Conversant Capital's 13F filing for Q4 2023, filed 14 Feb 2024.