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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
+10.24%
1 Year Est. Return
+70.67%
3 Year Est. Return
+97.41%
5 Year Est. Return
+74.27%
10 Year Est. Return
–
AUM
$328M
AUM Growth
+$47.6M
(+17%)
Cap. Flow
+$24.8M
Cap. Flow
% of AUM
7.56%
Top 10 Holdings %
Top 10 Hldgs %
94.91%
Holding
14
New
1
Increased
3
Reduced
1
Closed
–
Avg Time Held
6.5
quarters
Top 10 Avg Time Held
6.8
quarters
Top 20 Avg Time Held
6.5
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sabra Healthcare REIT
SBRA
|
+$9.11M |
| 2 |
DHC
Diversified Healthcare Trust
DHC
|
+$6.88M |
| 3 |
INN
Summit Hotel Properties
INN
|
+$6.01M |
| 4 |
Diamondrock Hospitality Co
DRH
|
+$3.64M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
|
+$806K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 85.93% |
| 2 | Miscellaneous | 14.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
VRE
1
DELISTED
Veris Residential
VRE
| $75.4M | 22.96% |
4,697,314
| – | – |
2020 Q4
10 quarters
|
|
|
2
RLJ Lodging Trust
RLJ
$1.71B
| $64.7M | 19.72% |
6,304,257
| – | – |
2020 Q4
10 quarters
|
|
3
Park Hotels & Resorts
PK
$3.05B
| $33.7M | 10.25% |
2,625,000
| – | – |
2022 Q2
4 quarters
|
|
|
DHC
4
Diversified Healthcare Trust
DHC
$1.82B
| $33.6M | 10.22% |
14,917,366
+4,790,900
| +47% | +$6.88M |
2020 Q4
10 quarters
|
|
5
Host Hotels & Resorts
HST
$15.5B
| $23.1M | 7.04% |
1,374,032
| – | – |
2020 Q4
10 quarters
|
|
|
INN
6
Summit Hotel Properties
INN
$656M
| $20.5M | 6.25% |
3,151,931
+907,800
| +40% | +$6.01M |
2021 Q3
7 quarters
|
|
7
Vornado Realty Trust
VNO
$6.28B
| $18.3M | 5.57% |
1,008,913
| – | – |
2021 Q1
9 quarters
|
|
|
8
Sabra Healthcare REIT
SBRA
$4.84B
| $17.7M | 5.38% |
1,500,000
+800,000
| +114% | +$9.11M |
2023 Q1
1 quarter
|
|
|
9
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$318M
| $12.6M | 3.84% |
523,881
-33,775
| -6% | -$806K |
2022 Q1
5 quarters
|
|
10
Sunstone Hotel Investors
SHO
$2.1B
| $12M | 3.66% |
1,188,210
| – | – |
2021 Q3
7 quarters
|
|
11
SL Green Realty
SLG
$3.43B
| $7.7M | 2.34% |
256,142
| – | – |
2022 Q2
4 quarters
|
|
12
Brixmor Property Group
BRX
$8.38B
| $4.4M | 1.34% |
200,000
| – | – |
2020 Q4
10 quarters
|
|
|
13
Diamondrock Hospitality Co
DRH
$2.58B
| $3.6M | 1.1% |
+450,000
| New | +$3.64M |
2023 Q2
0 quarters
|
|
14
CareTrust REIT
CTRE
$8.51B
| $993K | 0.3% |
50,000
| – | – |
2022 Q2
4 quarters
|
|
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H/2 Credit Manager's Q2 2023 Portfolio in Review
As of Q2 2023, H/2 Credit Manager held 14 positions worth $328M, up 17% from $281M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
H/2 Credit Manager deployed $24.8M of net new capital in Q2 2023, opening 1 new position and adding to 3 existing holdings. Its largest new stake was Diamondrock Hospitality Co: 450,000 shares worth $3.6M.
By sector, the portfolio is most concentrated in Real Estate at 86% of assets, down from 90% a quarter earlier, followed by Miscellaneous.
On the sell side, the largest reduction was RLJ Lodging Trust $1.95 Series A Preferred Stock, an estimated $806K trimmed.
- H/2 Credit Manager's largest Q2 2023 buy was Diamondrock Hospitality Co: 450,000 shares worth $3.6M.
- H/2 Credit Manager added most to Sabra Healthcare REIT in Q2 2023, an estimated $9.11M increase.
- H/2 Credit Manager's biggest Q2 2023 reduction was RLJ Lodging Trust $1.95 Series A Preferred Stock, cutting an estimated $806K.
- H/2 Credit Manager's ten largest holdings make up 95% of its $328M portfolio in Q2 2023.
- H/2 Credit Manager opened 1 new position and closed 0 in Q2 2023.
- H/2 Credit Manager's portfolio value rose 17% quarter-over-quarter to $328M.
Based on H/2 Credit Manager's 13F filing for Q2 2023, filed 14 Aug 2023.