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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
+7.49%
1 Year Est. Return
+70.67%
3 Year Est. Return
+97.41%
5 Year Est. Return
+74.27%
10 Year Est. Return
–
AUM
$403M
AUM Growth
+$38.9M
Cap. Flow
+$12.5M
Cap. Flow %
3.1%
Top 10 Hldgs %
93.88%
Holding
17
New
1
Increased
–
Reduced
–
Closed
–
Avg Time Held
11.2 quarters
Top 10 Avg Time Held
11.8 quarters
Top 20 Avg Time Held
11.2 quarters

Top Buys

Rank Stock Value
1
KRG icon
Kite Realty
KRG
+$12.5M

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Real Estate 81.93%
2 Miscellaneous 18.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
DHC
1
Diversified Healthcare Trust
DHC
$1.82B
$65.8M 16.3%
14,917,366
– –
2020 Q4
19 quarters
VRE
2
DELISTED
Veris Residential
VRE
$65.3M 16.19%
4,297,314
– –
2020 Q4
19 quarters
INN
3
Summit Hotel Properties
INN
$656M
$51.4M 12.74%
9,359,500
– –
2021 Q3
16 quarters
RLJ icon
4
RLJ Lodging Trust
RLJ
$1.71B
$45.4M 11.25%
6,304,257
– –
2020 Q4
19 quarters
PK icon
5
Park Hotels & Resorts
PK
$3.05B
$43.3M 10.72%
3,903,750
– –
2022 Q2
13 quarters
DRH icon
6
Diamondrock Hospitality Co
DRH
$2.58B
$40.4M 10.01%
5,075,150
– –
2023 Q2
9 quarters
SHO icon
7
Sunstone Hotel Investors
SHO
$2.1B
$28M 6.94%
2,988,210
– –
2021 Q3
16 quarters
SBRA icon
8
Sabra Healthcare REIT
SBRA
$4.84B
$16.8M 4.16%
900,000
– –
2023 Q1
10 quarters
KRG icon
9
Kite Realty
KRG
$4.79B
$12.5M 3.1%
+560,000
New +$12.5M
2025 Q3
0 quarters
HST icon
10
Host Hotels & Resorts
HST
$15.5B
$9.97M 2.47%
586,032
– –
2020 Q4
19 quarters
KIM icon
11
Kimco Realty
KIM
$14.9B
$7.81M 1.94%
357,500
– –
2024 Q1
6 quarters
BRX icon
12
Brixmor Property Group
BRX
$8.38B
$5.54M 1.37%
200,000
– –
2020 Q4
19 quarters
PEB.PRF icon
13
Pebblebrook Hotel Trust 6.3% Series F Preferred Shares
PEB.PRF
$116M
$4.98M 1.23%
246,483
– –
2025 Q1
2 quarters
CLDT
14
Chatham Lodging
CLDT
$634M
$3.99M 0.99%
595,000
– –
2024 Q1
6 quarters
PEB.PRE icon
15
Pebblebrook Hotel Trust 6.375% Series E Preferred Shares
PEB.PRE
$86.7M
$2.1M 0.52%
104,015
– –
2025 Q1
2 quarters
ALX
16
Alexander's
ALX
$1.23B
$234K 0.06%
1,000
– –
2025 Q1
2 quarters
RLJ.PRA icon
17
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$318M
$50K 0.01%
2,000
– –
2022 Q1
14 quarters

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
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
YLHM
Yelin Lapidot Holdings Management Tel Aviv, Israel $527M AUM 50.16% 1-Year Est. Return

H/2 Credit Manager's Q3 2025 Portfolio in Review

As of Q3 2025, H/2 Credit Manager held 17 positions worth $403M, up 11% from $365M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

H/2 Credit Manager deployed $12.5M of net new capital in Q3 2025, opening 1 new position. Its largest new stake was Kite Realty: 560,000 shares worth $12.5M.

By sector, the portfolio is most concentrated in Real Estate at 82% of assets, down from 84% a quarter earlier, followed by Miscellaneous.

  • H/2 Credit Manager's largest Q3 2025 buy was Kite Realty: 560,000 shares worth $12.5M.
  • H/2 Credit Manager's ten largest holdings make up 94% of its $403M portfolio in Q3 2025.
  • H/2 Credit Manager opened 1 new position and closed 0 in Q3 2025.
  • H/2 Credit Manager's portfolio value rose 11% quarter-over-quarter to $403M.

Based on H/2 Credit Manager's 13F filing for Q3 2025, filed 14 Nov 2025.