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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
+4.13%
1 Year Est. Return
+20.03%
3 Year Est. Return
+177.96%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$552M
AUM Growth
-$129M
Cap. Flow
-$126M
Cap. Flow %
-22.9%
Top 10 Hldgs %
89.73%
Holding
26
New
8
Increased
3
Reduced
3
Closed
9

Top Buys

1
COLD icon
Americold
COLD
+$23.1M
2
CZR icon
Caesars Entertainment
CZR
+$21M
3
FR icon
First Industrial Realty Trust
FR
+$19.2M
4
SITC icon
SITE Centers
SITC
+$17.4M
5
CORZ icon
Core Scientific
CORZ
+$9.96M

Top Sells

1
DBRG icon
DigitalBridge
DBRG
+$25.1M
2
AHR icon
American Healthcare REIT
AHR
+$11.4M
3
RSI icon
Rush Street Interactive
RSI
+$11M
4
NLOP
Net Lease Office Properties
NLOP
+$10.3M
5
OUT icon
Outfront Media
OUT
+$6.71M

Sector Composition

1 Healthcare 35.95%
2 Real Estate 14.89%
3 Industrials 13.13%
4 Financials 9.04%
5 Consumer Discretionary 4.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNDA icon
1
Sonida Senior Living
SNDA
$1.93B
$198M 35.95%
7,210,877
– –
IWM icon
2
PUT
iShares Russell 2000 ETF
IWM
$82.2B
$81.2M 14.71%
400,000
-200,000
-33% -$40.4M
TH icon
3
Target Hospitality
TH
$1.63B
$39.5M 7.17%
4,537,200
-505,760
-10% -$5.28M
NPKI
4
NPK International
NPKI
$1.21B
$32.9M 5.96%
3,956,852
– –
SITC icon
5
SITE Centers
SITC
$235M
$31.2M 5.65%
2,755,763
+1,579,116
+134% +$17.4M
PFSI icon
6
PennyMac Financial
PFSI
$4.43B
$28.3M 5.13%
299,000
+19,000
+7% +$1.72M
COLD icon
7
Americold
COLD
$4.54B
$24.1M 4.37%
+944,000
New +$23.1M
CZR icon
8
Caesars Entertainment
CZR
$6.08B
$22.3M 4.03%
+560,000
New +$21M
FR icon
9
First Industrial Realty Trust
FR
$9.13B
$19M 3.45%
+400,000
New +$19.2M
NMIH icon
10
NMI Holdings
NMIH
$3.27B
$18.2M 3.3%
535,000
+150,000
+39% +$4.83M
CORZ icon
11
Core Scientific
CORZ
$6.66B
$18.1M 3.29%
+1,950,000
New +$9.96M
CCO icon
12
Clear Channel Outdoor Holdings
CCO
$1.23B
$9.76M 1.77%
6,925,256
-2,100,000
-23% -$3.1M
SILA
13
DELISTED
Sila Realty Trust
SILA
$7.83M 1.42%
+370,010
New +$7.95M
HYG icon
14
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
$7.71M 1.4%
+100,000
New +$7.69M
FLG
15
CALL
Flagstar Bank National Association
FLG
$6.21B
$6.77M 1.23%
+233,667
New +$2.26M
IREN icon
16
Iris Energy
IREN
$12B
$3.39M 0.61%
+300,000
New +$2.25M
UHG
17
DELISTED
United Homes Group
UHG
$3.05M 0.55%
535,173
– –
DBRG icon
18
DigitalBridge
DBRG
$2.92B
– –
-1,300,000
Closed -$25.1M
IEF icon
19
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
– –
-800,000
Closed -$75.7M
KRE icon
20
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.97B
– –
-950,000
Closed -$47.8M
NLOP
21
Net Lease Office Properties
NLOP
$172M
– –
-434,527
Closed -$10.3M
OUT icon
22
Outfront Media
OUT
$5.85B
– –
-406,187
Closed -$6.71M
RSI icon
23
Rush Street Interactive
RSI
$3.35B
– –
-1,683,180
Closed -$11M
SN icon
24
SharkNinja
SN
$21.9B
– –
-50,000
Closed -$3.11M
AHR icon
25
American Healthcare REIT
AHR
$11B
– –
-775,000
Closed -$11.4M
1
2

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CAWM
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PCOC
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HI
Hendershot Investments Centreville, Virginia $744M AUM 11.03% 1-Year Est. Return
SIA
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KAM
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EIG
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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 Q2 2024 Portfolio in Review

As of Q2 2024, Conversant Capital held 26 positions worth $552M, down 19% from $680M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Conversant Capital withdrew a net $126M in Q2 2024, closing 9 positions and reducing 3 holdings. Its most notable exit was DigitalBridge, an estimated $25.1M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 36% of assets, up from 30% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Conversant Capital opened a new position in Americold worth $24.1M.

  • Conversant Capital's largest Q2 2024 buy was Americold: 944,000 shares worth $24.1M.
  • Conversant Capital added most to SITE Centers in Q2 2024, an estimated $17.4M increase.
  • Conversant Capital's biggest Q2 2024 reduction was Target Hospitality, cutting an estimated $5.28M.
  • Conversant Capital fully exited DigitalBridge in Q2 2024, selling an estimated $25.1M.
  • Conversant Capital's ten largest holdings make up 90% of its $552M portfolio in Q2 2024.
  • Conversant Capital opened 8 new positions and closed 9 in Q2 2024.
  • Conversant Capital's portfolio value fell 19% quarter-over-quarter to $552M.

Based on Conversant Capital's 13F filing for Q2 2024, filed 14 Aug 2024.