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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
+16.17%
1 Year Est. Return
+70.67%
3 Year Est. Return
+97.41%
5 Year Est. Return
+74.27%
10 Year Est. Return
–
AUM
$278M
AUM Growth
+$25.5M
(+10%)
Cap. Flow
-$14.6M
Cap. Flow
% of AUM
-5.23%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
12
New
1
Increased
2
Reduced
2
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vornado Realty Trust
VNO
|
+$10.4M |
| 2 |
VRE
Veris Residential
VRE
|
+$6.63M |
| 3 |
Host Hotels & Resorts
HST
|
+$4.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kite Realty
KRG
|
+$26.9M |
| 2 |
Park Hotels & Resorts
PK
|
+$5M |
| 3 |
Kimco Realty
KIM
|
+$3.75M |
| 4 |
CLDT
Chatham Lodging
CLDT
|
+$127 |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 89.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
RLJ Lodging Trust
RLJ
$1.74B
| $90.9M | 32.67% |
5,875,000
| – | – |
|
|
VRE
2
DELISTED
Veris Residential
VRE
| $54.9M | 19.72% |
3,547,314
+469,891
| +15% | +$6.63M |
|
|
DHC
3
Diversified Healthcare Trust
DHC
$1.96B
| $29.6M | 10.62% |
6,183,836
| – | – |
|
|
VER
4
DELISTED
VEREIT, Inc.
VER
| $25.7M | 9.24% |
665,802
| – | – |
|
|
5
Host Hotels & Resorts
HST
$15.6B
| $24.6M | 8.85% |
1,462,000
+261,798
| +22% | +$4.09M |
|
|
CPLG
6
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $20.4M | 7.33% |
2,261,347
| – | – |
|
|
7
Vornado Realty Trust
VNO
$7.47B
| $11.3M | 4.08% |
+250,000
| New | +$10.4M |
|
|
8
Kite Realty
KRG
$5.28B
| $9.89M | 3.55% |
512,582
-1,488,617
| -74% | -$26.9M |
|
9
Brixmor Property Group
BRX
$9.07B
| $8.09M | 2.91% |
400,000
| – | – |
|
|
CLDT
10
Chatham Lodging
CLDT
$631M
| $2.88M | 1.04% |
219,210
-10
| -0% | -$127 |
|
|
11
Kimco Realty
KIM
$16.1B
| – | – |
-250,000
| Closed | -$3.75M |
|
|
12
Park Hotels & Resorts
PK
$3.22B
| – | – |
-291,434
| Closed | -$5M |
|
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H/2 Credit Manager's Q1 2021 Portfolio in Review
As of Q1 2021, H/2 Credit Manager held 12 positions worth $278M, up 10% from $253M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
H/2 Credit Manager withdrew a net $14.6M in Q1 2021, closing 2 positions and reducing 2 holdings. Its most notable exit was Park Hotels & Resorts, an estimated $5M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 89% of assets, down from 90% a quarter earlier.
Against the trend, H/2 Credit Manager opened a new position in Vornado Realty Trust worth $11.3M.
- H/2 Credit Manager's largest Q1 2021 buy was Vornado Realty Trust: 250,000 shares worth $11.3M.
- H/2 Credit Manager added most to Veris Residential in Q1 2021, an estimated $6.63M increase.
- H/2 Credit Manager's biggest Q1 2021 reduction was Kite Realty, cutting an estimated $26.9M.
- H/2 Credit Manager fully exited Park Hotels & Resorts in Q1 2021, selling an estimated $5M.
- H/2 Credit Manager's ten largest holdings make up 100% of its $278M portfolio in Q1 2021.
- H/2 Credit Manager opened 1 new position and closed 2 in Q1 2021.
- H/2 Credit Manager's portfolio value rose 10% quarter-over-quarter to $278M.
Based on H/2 Credit Manager's 13F filing for Q1 2021, filed 17 May 2021.