Institutional Manager · CIK 0001813784
H/2 CREDIT MANAGER LP
STAMFORD, CT · File #028-20868
Latest AUM
$53.0M
Positions
19
Top-10 Concentration
90.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | RLJ LODGING TR | RLJ-PA | +3,278,927 | +$24,428 | +$1,576 |
| NEW | BXP INC | BXP | +268,110 | +$18,092 | $0 |
| ADD | VERIS RESIDENTIAL INC | VRE | +1,175,500 | +$17,491 | -$1,375 |
| NEW | HOWARD HUGHES HOLDINGS | HHH | +140,268 | +$11,189 | $0 |
| REDUCE | DIAMONDROCK HOSPITALITY CO | DRH | -1,000,000 | -$8,960 | +$5,075 |
| REDUCE | PARK HOTELS & RESORTS INC | PK | -741,040 | -$7,751 | -$2,421 |
| REDUCE | SUNSTONE HOTEL INVS INC NEW | 867892101 | -200,000 | -$1,788 | -$1,285 |
| REDUCE | KIMCO RLTY CORP | 49446R109 | -57,500 | -$1,166 | -$564 |
| REDUCE | SUMMIT HOTEL PROPERTIES INC | 866082100 | -232,800 | -$1,134 | -$5,803 |
| REDUCE | ALEXANDERS INC | ALX | 0 | $0 | -$16 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202519 pos · $53.0M
- 13F HOLDINGS REPORTQ/E Sep 202517 pos · $403,474
- 13F HOLDINGS REPORTQ/E Jun 202516 pos · $364,567
- 13F HOLDINGS REPORTQ/E Mar 202516 pos · $376,453
- 13F HOLDINGS REPORTQ/E Dec 202413 pos · $391,383
- 13F HOLDINGS REPORTQ/E Sep 202413 pos · $387,212
- 13F HOLDINGS REPORTQ/E Jun 202415 pos · $371,378
- 13F HOLDINGS REPORTQ/E Mar 202415 pos · $390,135
- 13F HOLDINGS REPORTQ/E Dec 202313 pos · $361,112
Top 19 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VERIS RESIDENTIAL INC | VRE | 5,472,814 | $81,435 | 17.83% |
| 2 | DIVERSIFIED HEALTHCARE TR | DHCNL | 14,917,366 | $72,349 | 15.84% |
| 3 | RLJ LODGING TR | RLJ-PA | 9,583,184 | $71,395 | 15.64% |
| 4 | SUMMIT HOTEL PROPERTIES INC | 866082100 | 9,126,700 | $44,447 | 9.73% |
| 5 | DIAMONDROCK HOSPITALITY CO | DRH | 4,075,150 | $36,513 | 8.00% |
| 6 | PARK HOTELS & RESORTS INC | PK | 3,162,710 | $33,082 | 7.25% |
| 7 | SUNSTONE HOTEL INVS INC NEW | 867892101 | 2,788,210 | $24,927 | 5.46% |
| 8 | BXP INC | BXP | 268,110 | $18,092 | 3.96% |
| 9 | SABRA HEALTH CARE REIT INC | SBRA | 900,000 | $17,046 | 3.73% |
| 10 | KITE RLTY GROUP TR | 49803T300 | 560,000 | $13,423 | 2.94% |
| 11 | HOWARD HUGHES HOLDINGS | HHH | 140,268 | $11,189 | 2.45% |
| 12 | HOST HOTELS & RESORTS INC | HST | 586,032 | $10,390 | 2.28% |
| 13 | KIMCO RLTY CORP | 49446R109 | 300,000 | $6,081 | 1.33% |
| 14 | BRIXMOR PPTY GROUP INC | 11120U105 | 200,000 | $5,244 | 1.15% |
| 15 | PEBBLEBROOK HOTEL TR | PEB-PH | 246,483 | $4,696 | 1.03% |
| 16 | CHATHAM LODGING TR | CLDT-PA | 595,000 | $4,052 | 0.89% |
| 17 | PEBBLEBROOK HOTEL TR | PEB-PH | 104,015 | $1,985 | 0.43% |
| 18 | ALEXANDERS INC | ALX | 1,000 | $218 | 0.05% |
| 19 | RLJ LODGING TR | RLJ-PA | 2,000 | $50 | 0.01% |