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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
+99.95%
1 Year Est. Return
+20.03%
3 Year Est. Return
+177.96%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$680M
AUM Growth
+$447M
Cap. Flow
+$310M
Cap. Flow %
45.52%
Top 10 Hldgs %
90.81%
Holding
20
New
10
Increased
3
Reduced
4
Closed
2

Top Buys

1
SNDA icon
Sonida Senior Living
SNDA
+$47.2M
2
SITC icon
SITE Centers
SITC
+$12.7M
3
NMIH icon
NMI Holdings
NMIH
+$11.6M
4
AHR icon
American Healthcare REIT
AHR
+$10.6M
5
NLOP
Net Lease Office Properties
NLOP
+$10.2M

Top Sells

1
REXR icon
Rexford Industrial Realty
REXR
+$16.8M
2
RPC
Ridgepost Capital
RPC
+$13.2M
3
OUT icon
Outfront Media
OUT
+$8.6M
4
DBRG icon
DigitalBridge
DBRG
+$3.76M
5
NPKI
NPK International
NPKI
+$3.27M

Sector Composition

1 Healthcare 30.27%
2 Industrials 12.25%
3 Financials 9.26%
4 Real Estate 6.16%
5 Consumer Discretionary 2.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNDA icon
1
Sonida Senior Living
SNDA
$1.92B
$206M 30.27%
7,210,877
+3,157,896
+78% +$47.2M
IWM icon
2
PUT
iShares Russell 2000 ETF
IWM
$82.2B
$126M 18.54%
+600,000
New +$120M
IEF icon
3
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
$75.7M 11.13%
+800,000
New +$75.8M
TH icon
4
Target Hospitality
TH
$1.68B
$54.8M 8.06%
5,042,960
+325,000
+7% +$3.05M
KRE icon
5
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.97B
$47.8M 7.02%
+950,000
New +$46.9M
NPKI
6
NPK International
NPKI
$1.21B
$28.6M 4.2%
3,956,852
-500,000
-11% -$3.27M
PFSI icon
7
PennyMac Financial
PFSI
$4.51B
$25.5M 3.75%
280,000
-20,000
-7% -$1.75M
DBRG icon
8
DigitalBridge
DBRG
$2.92B
$25.1M 3.68%
1,300,000
-200,000
-13% -$3.76M
CCO icon
9
Clear Channel Outdoor Holdings
CCO
$1.23B
$14.9M 2.19%
9,025,256
+250,000
+3% +$427K
SITC icon
10
SITE Centers
SITC
$232M
$13.4M 1.98%
+1,176,647
New +$12.7M
NMIH icon
11
NMI Holdings
NMIH
$3.23B
$12.5M 1.83%
+385,000
New +$11.6M
AHR icon
12
American Healthcare REIT
AHR
$10.9B
$11.4M 1.68%
+775,000
New +$10.6M
RSI icon
13
Rush Street Interactive
RSI
$3.38B
$11M 1.61%
+1,683,180
New +$9.06M
NLOP
14
Net Lease Office Properties
NLOP
$173M
$10.3M 1.52%
+434,527
New +$10.2M
OUT icon
15
Outfront Media
OUT
$5.88B
$6.71M 0.99%
406,187
-609,788
-60% -$8.6M
FLG
16
PUT
Flagstar Bank National Association
FLG
$6.4B
$3.77M 0.55%
+390,000
New +$7.21M
UHG
17
DELISTED
United Homes Group
UHG
$3.74M 0.55%
535,173
– –
SN icon
18
SharkNinja
SN
$21.8B
$3.11M 0.46%
+50,000
New +$2.64M
RPC
19
Ridgepost Capital
RPC
$951M
– –
-1,295,184
Closed -$13.2M
REXR icon
20
Rexford Industrial Realty
REXR
$8.48B
– –
-300,000
Closed -$16.8M

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 2024 Portfolio in Review

As of Q1 2024, Conversant Capital held 20 positions worth $680M, up 192% from $233M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Conversant Capital deployed $310M of net new capital in Q1 2024, opening 10 new positions and adding to 3 existing holdings. Its largest new stake was SITE Centers: 1,176,647 shares worth $13.4M.

By sector, the portfolio is most concentrated in Healthcare at 30% of assets, up from 17% a quarter earlier, followed by Industrials and Financials.

On the sell side, the largest reduction was Outfront Media, an estimated $8.6M trimmed.

  • Conversant Capital's largest Q1 2024 buy was SITE Centers: 1,176,647 shares worth $13.4M.
  • Conversant Capital added most to Sonida Senior Living in Q1 2024, an estimated $47.2M increase.
  • Conversant Capital's biggest Q1 2024 reduction was Outfront Media, cutting an estimated $8.6M.
  • Conversant Capital fully exited Rexford Industrial Realty in Q1 2024, selling an estimated $16.8M.
  • Conversant Capital's ten largest holdings make up 91% of its $680M portfolio in Q1 2024.
  • Conversant Capital opened 10 new positions and closed 2 in Q1 2024.
  • Conversant Capital's portfolio value rose 192% quarter-over-quarter to $680M.

Based on Conversant Capital's 13F filing for Q1 2024, filed 15 May 2024.