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H2CM

H/2 Credit Manager Portfolio holdings

AUM $526M
1-Year Est. Return 70.67%
This Fund
S&P 500
This Quarter Est. Return
+40.52%
1 Year Est. Return
+70.67%
3 Year Est. Return
+97.41%
5 Year Est. Return
+74.27%
10 Year Est. Return
–
AUM
$526M
AUM Growth
+$26.7M
Cap. Flow
-$122M
Cap. Flow %
-23.17%
Top 10 Hldgs %
93.89%
Holding
19
New
–
Increased
1
Reduced
2
Closed
3

Top Buys

Rank Stock Value
1
SHO icon
Sunstone Hotel Investors
SHO
+$6.28M

Top Sells

Rank Stock Value
1
VRE
Veris Residential
VRE
+$103M
2
DHC
Diversified Healthcare Trust
DHC
+$17.2M
3
PEB.PRF icon
Pebblebrook Hotel Trust 6.3% Series F Preferred Shares
PEB.PRF
+$4.76M
4
PEB.PRE icon
Pebblebrook Hotel Trust 6.375% Series E Preferred Shares
PEB.PRE
+$2M
5
DRH icon
Diamondrock Hospitality Co
DRH
+$1.01M

Sector Composition

Rank Sector Weight
1 Real Estate 77.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DHC
1
Diversified Healthcare Trust
DHC
$1.96B
$119M 22.65%
12,817,366
-2,100,000
-14% -$17.2M
RLJ icon
2
RLJ Lodging Trust
RLJ
$1.76B
$114M 21.58%
9,583,184
– –
INN
3
Summit Hotel Properties
INN
$669M
$64M 12.16%
9,126,700
– –
DRH icon
4
Diamondrock Hospitality Co
DRH
$2.63B
$48.5M 9.22%
3,982,284
-92,866
-2% -$1.01M
PK icon
5
Park Hotels & Resorts
PK
$3.26B
$45.1M 8.56%
3,162,710
– –
SHO icon
6
Sunstone Hotel Investors
SHO
$2.11B
$38.8M 7.37%
3,386,394
+598,184
+21% +$6.28M
BXP icon
7
Boston Properties
BXP
$11.5B
$17.8M 3.38%
268,110
– –
SBRA icon
8
Sabra Healthcare REIT
SBRA
$5.32B
$17.6M 3.34%
900,000
– –
KRG icon
9
Kite Realty
KRG
$5.3B
$15.9M 3.02%
560,000
– –
HST icon
10
Host Hotels & Resorts
HST
$15.8B
$13.9M 2.64%
586,032
– –
HHH icon
11
Howard Hughes
HHH
$4B
$10M 1.91%
140,268
– –
CLDT
12
Chatham Lodging
CLDT
$642M
$7.87M 1.5%
595,000
– –
KIM icon
13
Kimco Realty
KIM
$16.1B
$7.61M 1.44%
300,000
– –
BRX icon
14
Brixmor Property Group
BRX
$9.05B
$6.31M 1.2%
200,000
– –
ALX
15
Alexander's
ALX
$1.38B
$276K 0.05%
1,000
– –
RLJ.PRA icon
16
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$324M
$49K 0.01%
2,000
– –
PEB.PRE icon
17
Pebblebrook Hotel Trust 6.375% Series E Preferred Shares
PEB.PRE
$87.9M
– –
-104,015
Closed -$2M
PEB.PRF icon
18
Pebblebrook Hotel Trust 6.3% Series F Preferred Shares
PEB.PRF
$120M
– –
-246,483
Closed -$4.76M
VRE
19
DELISTED
Veris Residential
VRE
– –
-5,472,814
Closed -$103M

Similar funds

MC
Merck & Co Rahway, New Jersey $526M AUM 175.27% 1-Year Est. Return
UC
Unio Capital Princeton, New Jersey $526M AUM 25.9% 1-Year Est. Return
SCM
Shah Capital Management Raleigh, North Carolina $526M AUM 46.41% 1-Year Est. Return
ACM
Altrius Capital Management New Bern, North Carolina $526M AUM 20.91% 1-Year Est. Return
WMA
West Michigan Advisors Holland, Michigan $526M AUM 45.54% 1-Year Est. Return
PIA
Pinion Investment Advisors Wichita, Kansas $527M AUM 24.64% 1-Year Est. Return
SCP
Stevens Capital Partners Omaha, Nebraska $526M AUM 22.93% 1-Year Est. Return
NYLIC
New York Life Insurance Company New York $527M AUM 17.24% 1-Year Est. Return

H/2 Credit Manager's Q2 2026 Portfolio in Review

As of Q2 2026, H/2 Credit Manager held 19 positions worth $526M, up 5.3% from $500M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

H/2 Credit Manager withdrew a net $122M in Q2 2026, closing 3 positions and reducing 2 holdings. Its most notable exit was Veris Residential, an estimated $103M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 77% of assets, down from 79% a quarter earlier.

Against the trend, H/2 Credit Manager added an estimated $6.28M to Sunstone Hotel Investors.

  • H/2 Credit Manager added most to Sunstone Hotel Investors in Q2 2026, an estimated $6.28M increase.
  • H/2 Credit Manager's biggest Q2 2026 reduction was Diversified Healthcare Trust, cutting an estimated $17.2M.
  • H/2 Credit Manager fully exited Veris Residential in Q2 2026, selling an estimated $103M.
  • H/2 Credit Manager's ten largest holdings make up 94% of its $526M portfolio in Q2 2026.
  • H/2 Credit Manager opened 0 new positions and closed 3 in Q2 2026.
  • H/2 Credit Manager's portfolio value rose 5.3% quarter-over-quarter to $526M.

Based on H/2 Credit Manager's 13F filing for Q2 2026, filed 14 Aug 2026.