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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
+7.8%
1 Year Est. Return
+20.03%
3 Year Est. Return
+177.96%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$526M
AUM Growth
-$63.5M
(-11%)
Cap. Flow
-$91.8M
Cap. Flow
% of AUM
-17.43%
Top 10 Holdings %
Top 10 Hldgs %
98.93%
Holding
15
New
5
Increased
3
Reduced
3
Closed
2
Top Buys
| 1 |
National Storage Affiliates Trust
NSA
|
+$23.1M |
| 2 |
HPP
Hudson Pacific Properties
HPP
|
+$21.2M |
| 3 |
Americold
COLD
|
+$18.4M |
| 4 |
AvalonBay Communities
AVB
|
+$5.59M |
| 5 |
UDR
UDR
|
+$5.27M |
Top Sells
| 1 |
Centuri Holdings
CTRI
|
+$27.2M |
| 2 |
SILA
Sila Realty Trust
SILA
|
+$14.9M |
| 3 |
Global Net Lease
GNL
|
+$11M |
| 4 |
Rithm Capital
RITM
|
+$7M |
Sector Composition
| 1 | Healthcare | 57.38% |
| 2 | Real Estate | 31.05% |
| 3 | Utilities | 6.71% |
| 4 | Financials | 4.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Sonida Senior Living
SNDA
$1.92B
| $302M | 57.38% |
9,264,653
| – | – |
|
|
2
Rithm Capital
RITM
$5.26B
| $35.5M | 6.74% |
3,255,000
-633,200
| -16% | -$7M |
|
|
3
Centuri Holdings
CTRI
$2.75B
| $35.4M | 6.71% |
1,400,000
-1,215,737
| -46% | -$27.2M |
|
|
4
Global Net Lease
GNL
$1.99B
| $32.7M | 6.21% |
3,803,654
-1,375,000
| -27% | -$11M |
|
|
HPP
5
Hudson Pacific Properties
HPP
$873M
| $28.2M | 5.36% |
2,607,060
+1,425,000
| +121% | +$21.2M |
|
6
Walker & Dunlop
WD
$1.76B
| $25.3M | 4.81% |
421,380
+68,270
| +19% | +$4.85M |
|
|
7
National Storage Affiliates Trust
NSA
$3.53B
| $21.9M | 4.15% |
+775,000
| New | +$23.1M |
|
|
8
Americold
COLD
$4.54B
| $19.3M | 3.66% |
+1,500,000
| New | +$18.4M |
|
9
Independence Realty Trust
IRT
$4B
| $14.9M | 2.82% |
850,000
+100,000
| +13% | +$1.66M |
|
|
10
AvalonBay Communities
AVB
$27.8B
| $5.58M | 1.06% |
+30,780
| New | +$5.59M |
|
|
11
UDR
UDR
$13.2B
| $5.44M | 1.03% |
+148,223
| New | +$5.27M |
|
|
RAC.WS
12
Rithm Acquisition Corp Warrants
RAC.WS
| $214K | 0.04% |
333,333
| – | – |
|
|
PKST
13
DELISTED
Peakstone Realty Trust
PKST
| $1.44K | ﹤0.01% |
+100
| New | +$1.38K |
|
14
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| – | – |
-1,250,000
| Closed | -$112M |
|
|
SILA
15
DELISTED
Sila Realty Trust
SILA
| – | – |
-592,211
| Closed | -$14.9M |
|
Similar funds
CAWM
PCOC
HI
SIA
KAM
EIG
APG
HCP
Conversant Capital's Q4 2025 Portfolio in Review
As of Q4 2025, Conversant Capital held 15 positions worth $526M, down 11% from $590M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Conversant Capital withdrew a net $91.8M in Q4 2025, closing 2 positions and reducing 3 holdings. Its most notable exit was Sila Realty Trust, an estimated $14.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 57% of assets, up from 44% a quarter earlier, followed by Real Estate and Utilities.
Against the trend, Conversant Capital opened a new position in National Storage Affiliates Trust worth $21.9M.
- Conversant Capital's largest Q4 2025 buy was National Storage Affiliates Trust: 775,000 shares worth $21.9M.
- Conversant Capital added most to Hudson Pacific Properties in Q4 2025, an estimated $21.2M increase.
- Conversant Capital's biggest Q4 2025 reduction was Centuri Holdings, cutting an estimated $27.2M.
- Conversant Capital fully exited Sila Realty Trust in Q4 2025, selling an estimated $14.9M.
- Conversant Capital's ten largest holdings make up 99% of its $526M portfolio in Q4 2025.
- Conversant Capital opened 5 new positions and closed 2 in Q4 2025.
- Conversant Capital's portfolio value fell 11% quarter-over-quarter to $526M.
Based on Conversant Capital's 13F filing for Q4 2025, filed 17 Feb 2026.