H/2 Credit Manager LP
STAMFORD, CT
$526m in 16 US stocks at the end of 30 June 2026. The top 10 are 93.9% of the money. It changed about 22.1% of the portfolio this quarter.
Value
$526m
Stocks
16
Top 10 share
93.9%
Turnover
22.1%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Sunstone Hotel InvestorsSHO7.4% of the fund+21%
Cut
Sold some of their stake.
- Diversified Healthcare TrustDHC22.6% of the fund-14%
- DiamondRock HospitalityDRH9.2% of the fund-2%
Sold out
Sold their entire stake.
- Veris Residential INC.com-100%
- Pebblebrook Hotel TR-100%
- Pebblebrook Hotel TR-100%
Holdings
- RLJ Lodging TR
- Share
- <0.1%
- Value
- $49,000
- Shares
- 2,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Diversified Healthcare TrustDHC | 22.6% | $119m | 12,817,366 | -14% |
| RLJ Lodging TrustRLJ | 21.6% | $114m | 9,583,184 | Held |
| Summit Hotel PropertiesINN | 12.2% | $64m | 9,126,700 | Held |
| DiamondRock HospitalityDRH | 9.2% | $49m | 3,982,284 | -2% |
| Park Hotels & ResortsPK | 8.6% | $45m | 3,162,710 | Held |
| Sunstone Hotel InvestorsSHO | 7.4% | $39m | 3,386,394 | +21% |
| BXPBXP | 3.4% | $18m | 268,110 | Held |
| Sabra Health Care REITSBRA | 3.3% | $18m | 900,000 | Held |
| Kite Realty Group TrustKRG | 3.0% | $16m | 560,000 | Held |
| Host Hotels & ResortsHST | 2.6% | $14m | 586,032 | Held |
| Howard Hughes HoldingsHHH | 1.9% | $10m | 140,268 | Held |
| Chatham Lodging TrustCLDT | 1.5% | $8m | 595,000 | Held |
| Kimco RealtyKIM | 1.4% | $8m | 300,000 | Held |
| Brixmor Property GroupBRX | 1.2% | $6m | 200,000 | Held |
| AlexandersALX | <0.1% | $276,000 | 1,000 | Held |
| RLJ Lodging TR | <0.1% | $49,000 | 2,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 44.4% since 30 June 2025.
Where the money is
Real estate92.6%
Retail & consumer7.4%
Other0.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.