We are live on ! Find out more
H2CM

H/2 Credit Manager Portfolio holdings

AUM $500M
1-Year Est. Return 24.68%
This Fund
S&P 500
This Quarter Est. Return
+0.71%
1 Year Est. Return
+24.68%
3 Year Est. Return
+54.88%
5 Year Est. Return
+30.62%
10 Year Est. Return
–
AUM
$457M
AUM Growth
+$53.1M
Cap. Flow
+$51.2M
Cap. Flow %
11.21%
Top 10 Hldgs %
90.38%
Holding
19
New
2
Increased
2
Reduced
5
Closed
–

Top Buys

Rank Stock Value
1
RLJ icon
RLJ Lodging Trust
RLJ
+$23.8M
2
BXP icon
Boston Properties
BXP
+$19.1M
3
VRE
Veris Residential
VRE
+$17.4M
4
HHH icon
Howard Hughes
HHH
+$11.6M

Top Sells

Rank Stock Value
1
DRH icon
Diamondrock Hospitality Co
DRH
+$8.52M
2
PK icon
Park Hotels & Resorts
PK
+$7.94M
3
SHO icon
Sunstone Hotel Investors
SHO
+$1.83M
4
INN
Summit Hotel Properties
INN
+$1.22M
5
KIM icon
Kimco Realty
KIM
+$1.19M

Sector Composition

Rank Sector Weight
1 Real Estate 82.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRE
1
DELISTED
Veris Residential
VRE
$81.4M 17.83%
5,472,814
+1,175,500
+27% +$17.4M
DHC
2
Diversified Healthcare Trust
DHC
$2.15B
$72.3M 15.84%
14,917,366
– –
RLJ icon
3
RLJ Lodging Trust
RLJ
$1.86B
$71.4M 15.64%
9,583,184
+3,278,927
+52% +$23.8M
INN
4
Summit Hotel Properties
INN
$746M
$44.4M 9.73%
9,126,700
-232,800
-2% -$1.22M
DRH icon
5
Diamondrock Hospitality Co
DRH
$2.71B
$36.5M 8%
4,075,150
-1,000,000
-20% -$8.52M
PK icon
6
Park Hotels & Resorts
PK
$3.03B
$33.1M 7.25%
3,162,710
-741,040
-19% -$7.94M
SHO icon
7
Sunstone Hotel Investors
SHO
$2.19B
$24.9M 5.46%
2,788,210
-200,000
-7% -$1.83M
BXP icon
8
Boston Properties
BXP
$11.2B
$18.1M 3.96%
+268,110
New +$19.1M
SBRA icon
9
Sabra Healthcare REIT
SBRA
$5.34B
$17M 3.73%
900,000
– –
KRG icon
10
Kite Realty
KRG
$5.81B
$13.4M 2.94%
560,000
– –
HHH icon
11
Howard Hughes
HHH
$3.81B
$11.2M 2.45%
+140,268
New +$11.6M
HST icon
12
Host Hotels & Resorts
HST
$17.2B
$10.4M 2.28%
586,032
– –
KIM icon
13
Kimco Realty
KIM
$17.2B
$6.08M 1.33%
300,000
-57,500
-16% -$1.19M
BRX icon
14
Brixmor Property Group
BRX
$9.67B
$5.24M 1.15%
200,000
– –
PEB.PRF icon
15
Pebblebrook Hotel Trust 6.3% Series F Preferred Shares
PEB.PRF
$121M
$4.7M 1.03%
246,483
– –
CLDT
16
Chatham Lodging
CLDT
$622M
$4.05M 0.89%
595,000
– –
PEB.PRE icon
17
Pebblebrook Hotel Trust 6.375% Series E Preferred Shares
PEB.PRE
$88.4M
$1.99M 0.43%
104,015
– –
ALX
18
Alexander's
ALX
$1.3B
$218K 0.05%
1,000
– –
RLJ.PRA icon
19
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$326M
$50K 0.01%
2,000
– –

Similar funds

MIP
Marietta Investment Partners Milwaukee, Wisconsin $499M AUM 41.06% 1-Year Est. Return
AGP
Artia Global Partners Miami, Florida $499M AUM 186.05% 1-Year Est. Return
HCI
Harraden Circle Investments New York $499M AUM 24.03% 1-Year Est. Return
KCL
KR Capital LP New York City, New York $499M AUM
PPC
Park Place Capital Homewood, Alabama $499M AUM 14.38% 1-Year Est. Return
CWM
Centric Wealth Management Chicago, Illinois $501M AUM 15.27% 1-Year Est. Return
DAC
Dividend Assets Capital Ridgeland, South Carolina $501M AUM 13.71% 1-Year Est. Return
AA
Auxano Advisors Bellevue, Washington $501M AUM 24.15% 1-Year Est. Return

H/2 Credit Manager's Q4 2025 Portfolio in Review

As of Q4 2025, H/2 Credit Manager held 19 positions worth $457M, up 13% from $403M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

H/2 Credit Manager deployed $51.2M of net new capital in Q4 2025, opening 2 new positions and adding to 2 existing holdings. Its largest new stake was Boston Properties: 268,110 shares worth $18.1M.

By sector, the portfolio is most concentrated in Real Estate at 83% of assets, up from 82% a quarter earlier.

On the sell side, the largest reduction was Diamondrock Hospitality Co, an estimated $8.52M trimmed.

  • H/2 Credit Manager's largest Q4 2025 buy was Boston Properties: 268,110 shares worth $18.1M.
  • H/2 Credit Manager added most to RLJ Lodging Trust in Q4 2025, an estimated $23.8M increase.
  • H/2 Credit Manager's biggest Q4 2025 reduction was Diamondrock Hospitality Co, cutting an estimated $8.52M.
  • H/2 Credit Manager's ten largest holdings make up 90% of its $457M portfolio in Q4 2025.
  • H/2 Credit Manager opened 2 new positions and closed 0 in Q4 2025.
  • H/2 Credit Manager's portfolio value rose 13% quarter-over-quarter to $457M.

Based on H/2 Credit Manager's 13F filing for Q4 2025, filed 17 Feb 2026.