H/2 CREDIT MANAGER LP
Filing Date
Global Rank
#2,339
/ 8,232
▲ 269
Top Industry
REIT - Hotel & Motel
45.4%
3Y Alpha vs SPY
-3.1%
Period ended 2 months ago
Filed May 15, 2026 · 29d
22 quarters · since Dec 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+63.5%
SPY
+76.5%
Annualised alpha
-3.0%
Max drawdown
−30.4%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
16 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
21.0%
+2.9 pts
Top 5
71.4%
+3.4 pts
Top 10
92.4%
+0.7 pts
HHI
1,290
Diversified+149
Portfolio Trend
22 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Real Estate | 100.0% | $492,871,297 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
16 positions ·
$492,871,297 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VRE |
Veris Residential, Inc.
Real Estate
|
Reduced | 5,472,814 | $103,272,000 | 20.95% | |
| DHC |
Diversified Healthcare Trust
Real Estate
|
Held | 14,917,366 | $99,051,310 | 20.10% | |
| RLJ |
RLJ Lodging Trust
Real Estate
|
Reduced | 9,583,184 | $71,107,225 | 14.43% | |
| INN |
Summit Hotel Properties, Inc.
Real Estate
|
Held | 9,126,700 | $40,340,014 | 8.18% | |
| DRH |
DiamondRock Hospitality Co
Real Estate
|
Held | 4,075,150 | $38,184,155 | 7.75% | |
| PK |
Park Hotels & Resorts Inc.
Real Estate
|
Held | 3,162,710 | $33,303,336 | 6.76% | |
| SHO |
Sunstone Hotel Investors, Inc.
Real Estate
|
Held | 2,788,210 | $25,121,772 | 5.10% | |
| SBRA |
Sabra Health Care REIT, Inc.
Real Estate
|
Held | 900,000 | $17,307,000 | 3.51% | |
| BXP |
BXP, Inc.
Real Estate
|
Held | 268,110 | $13,914,909 | 2.82% | |
| KRG |
Kite Realty Group Trust
Real Estate
|
Held | 560,000 | $13,748,000 | 2.79% | |
| HST |
Host Hotels & Resorts, Inc.
Real Estate
|
Held | 586,032 | $11,228,373 | 2.28% | |
| HHH |
Howard Hughes Holdings Inc.
Real Estate
|
Held | 140,268 | $8,873,353 | 1.80% | |
| KIM |
Kimco Realty Corp
Real Estate
|
Held | 300,000 | $6,741,000 | 1.37% | |
| BRX |
Brixmor Property Group Inc.
Real Estate
|
Held | 200,000 | $5,760,000 | 1.17% | |
| CLDT |
Chatham Lodging Trust
Real Estate
|
Held | 595,000 | $4,682,650 | 0.95% | |
| ALX |
Alexanders Inc
Real Estate
|
Held | 1,000 | $236,200 | 0.05% |