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Conversant Capital Portfolio holdings

AUM $852M
1-Year Est. Return 49.41%
This Fund
S&P 500
This Quarter Est. Return
+2.43%
1 Year Est. Return
+49.41%
3 Year Est. Return
+227.79%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$921M
AUM Growth
+$370M
Cap. Flow
+$82.1M
Cap. Flow %
8.91%
Top 10 Hldgs %
88.46%
Holding
25
New
8
Increased
5
Reduced
3
Closed
6

Top Buys

Rank Stock Value
1
SNDA icon
Sonida Senior Living
SNDA
+$53M
2
RITM icon
Rithm Capital
RITM
+$38.6M
3
SILA
Sila Realty Trust
SILA
+$33.8M
4
BRSP
BrightSpire Capital
BRSP
+$15.9M
5
JLL icon
Jones Lang LaSalle
JLL
+$14.5M

Top Sells

Rank Stock Value
1
CZR icon
Caesars Entertainment
CZR
+$22.3M
2
FR icon
First Industrial Realty Trust
FR
+$19M
3
CORZ icon
Core Scientific
CORZ
+$18.1M
4
PFSI icon
PennyMac Financial
PFSI
+$10.1M
5
CCO icon
Clear Channel Outdoor Holdings
CCO
+$9.76M

Sector Composition

Rank Sector Weight
1 Miscellaneous 41.86%
2 Healthcare 26.44%
3 Real Estate 20.3%
4 Industrials 7.02%
5 Financials 4.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$818B
$244M 26.47%
+425,000
New +$235M
SNDA icon
2
Sonida Senior Living
SNDA
$1.82B
$242M 26.3%
9,060,877
+1,850,000
+26% +$53M
IWM icon
3
PUT
iShares Russell 2000 ETF
IWM
$81B
$62.1M 6.74%
281,000
-119,000
-30% -$25.5M
IYR icon
4
PUT
iShares US Real Estate ETF
IYR
$4.48B
$50.9M 5.53%
+500,000
New +$48.2M
SILA
5
DELISTED
Sila Realty Trust
SILA
$45.7M 4.97%
1,808,481
+1,438,471
+389% +$33.8M
RITM icon
6
Rithm Capital
RITM
$5.61B
$38.5M 4.18%
+3,395,000
New +$38.6M
TH icon
7
Target Hospitality
TH
$1.85B
$37.3M 4.04%
4,789,046
+251,846
+6% +$2.35M
SITC icon
8
SITE Centers
SITC
$151M
$34.6M 3.76%
2,935,208
+179,445
+7% +$2.11M
COLD icon
9
Americold
COLD
$4.03B
$32.2M 3.5%
1,139,000
+195,000
+21% +$5.57M
NPKI
10
NPK International
NPKI
$1.11B
$27.4M 2.98%
3,956,852
– –
PFSI icon
11
PennyMac Financial
PFSI
$3.8B
$22.8M 2.47%
200,000
-99,000
-33% -$10.1M
XLP icon
12
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
$20.8M 2.25%
+250,000
New +$20.1M
JLL icon
13
Jones Lang LaSalle
JLL
$16.7B
$16.2M 1.76%
+60,000
New +$14.5M
BRSP
14
BrightSpire Capital
BRSP
$590M
$15.1M 1.64%
+2,701,223
New +$15.9M
NMIH icon
15
NMI Holdings
NMIH
$3.41B
$14.2M 1.55%
345,550
-189,450
-35% -$7.31M
HYG icon
16
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$8.03M 0.87%
100,000
– –
AHRT
17
AH Realty Trust
AHRT
$485M
$4.55M 0.49%
+420,000
New +$4.91M
UHG
18
DELISTED
United Homes Group
UHG
$3.29M 0.36%
535,173
– –
ARDT
19
Ardent Health
ARDT
$1.52B
$1.3M 0.14%
+70,917
New +$1.25M
CCO icon
20
Clear Channel Outdoor Holdings
CCO
$1.21B
– –
-6,925,256
Closed -$9.76M
CORZ icon
21
Core Scientific
CORZ
$5.75B
– –
-1,950,000
Closed -$18.1M
CZR icon
22
Caesars Entertainment
CZR
$6.05B
– –
-560,000
Closed -$22.3M
FR icon
23
First Industrial Realty Trust
FR
$8.18B
– –
-400,000
Closed -$19M
IREN icon
24
Iris Energy
IREN
$16.4B
– –
-300,000
Closed -$3.39M
FLG
25
CALL
Flagstar Bank National Association
FLG
$5.6B
– –
-233,667
Closed -$6.77M

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Conversant Capital's Q3 2024 Portfolio in Review

As of Q3 2024, Conversant Capital held 25 positions worth $921M, up 67% from $552M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Conversant Capital deployed $82.1M of net new capital in Q3 2024, opening 8 new positions and adding to 5 existing holdings. Its largest new stake was Rithm Capital: 3,395,000 shares worth $38.5M.

By sector, the portfolio is most concentrated in Miscellaneous at 42% of assets, up from 17% a quarter earlier, followed by Healthcare and Real Estate.

On the sell side, the largest reduction was PennyMac Financial, an estimated $10.1M trimmed.

  • Conversant Capital's largest Q3 2024 buy was Rithm Capital: 3,395,000 shares worth $38.5M.
  • Conversant Capital added most to Sonida Senior Living in Q3 2024, an estimated $53M increase.
  • Conversant Capital's biggest Q3 2024 reduction was PennyMac Financial, cutting an estimated $10.1M.
  • Conversant Capital fully exited Caesars Entertainment in Q3 2024, selling an estimated $22.3M.
  • Conversant Capital's ten largest holdings make up 88% of its $921M portfolio in Q3 2024.
  • Conversant Capital opened 8 new positions and closed 6 in Q3 2024.
  • Conversant Capital's portfolio value rose 67% quarter-over-quarter to $921M.

Based on Conversant Capital's 13F filing for Q3 2024, filed 14 Nov 2024.