H/2 CREDIT MANAGER LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, H/2 CREDIT MANAGER LP maintained a portfolio of 19 distinct positions. The most significant new addition to the portfolio was BXP INC, which now represents 3.96% of the total fund value. They heavily accumulated shares in VERIS RESIDENTIAL IN, increasing their position by 27.4%. The fund also reduced its exposure to DIAMONDROCK HOSPITAL by 19.7%.
PCA Score Concentration Risk
Risk ENB
Total Positions
19
Quarter
2025 Q4
Top Holding
VRE (17.8%)
Top 10 Concentration
90.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-19 of 19
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
VRE
VERIS RESIDENTI...
Real Estate 17.83% 16.19% #1 1
Prev: #2
9.2 1,175,500 27.4%
P
S
5,472,814 $81,435,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DHC
DIVERSIFIED HEA...
Bond/Debt 15.84% 16.30% #2 1
Prev: #1
6.3 no change no change
P
S
14,917,366 $72,349,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RLJ
RLJ LODGING TR
Real Estate 15.64% 11.25% #3 1
Prev: #4
8.4 3,278,927 52.0%
P
S
9,583,184 $71,395,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
INN
SUMMIT HOTEL PR...
Real Estate 9.73% 12.74% #4 1
Prev: #3
3.9 -232,800 -2.5%
P
S
9,126,700 $44,447,000 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DRH
DIAMONDROCK HOS...
Real Estate 8.00% 10.01% #5 1
Prev: #6
3.3 -1,000,000 -19.7%
P
S
4,075,150 $36,513,000 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PK
PARK HOTELS & R...
Real Estate 7.25% 10.72% #6 1
Prev: #5
3.0 -741,040 -19.0%
P
S
3,162,710 $33,082,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SHO
SUNSTONE HOTEL ...
Real Estate 5.46% 6.94% #7
Prev: #7
2.2 -200,000 -6.7%
P
S
2,788,210 $24,927,000 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BXP
BXP INC
Real Estate 3.96% #8
Prev: #—
3.6 268,110 no change
NEW
268,110 $18,092,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SBRA
SABRA HEALTH CA...
Real Estate 3.73% 4.16% #9 1
Prev: #8
1.5 no change no change
P
S
900,000 $17,046,000 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KRG
KITE RLTY GROUP...
Real Estate 2.94% 3.10% #10 1
Prev: #9
1.2 no change no change
P
S
560,000 $13,423,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HHH
HOWARD HUGHES H...
Real Estate 2.45% #11
Prev: #—
3.0 140,268 no change
NEW
140,268 $11,189,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HST
HOST HOTELS & R...
Real Estate 2.28% 2.47% #12 2
Prev: #10
0.9 no change no change
P
S
586,032 $10,390,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KIM
KIMCO RLTY CORP
Real Estate 1.33% 1.94% #13 2
Prev: #11
0.6 -57,500 -16.1%
P
S
300,000 $6,081,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BRX
BRIXMOR PPTY GR...
Real Estate 1.15% 1.37% #14 2
Prev: #12
0.5 no change no change
P
S
200,000 $5,244,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PEB/PRF
PEBBLEBROOK HOT...
Preferred 1.03% 1.23% #15 2
Prev: #13
0.4 no change no change
P
S
246,483 $4,696,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CLDT
CHATHAM LODGING...
Real Estate 0.89% 0.99% #16 2
Prev: #14
0.4 no change no change
P
S
595,000 $4,052,000 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PEB/PRE
PEBBLEBROOK HOT...
Preferred 0.43% 0.52% #17 2
Prev: #15
0.2 no change no change
P
S
104,015 $1,985,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ALX
ALEXANDERS INC
Real Estate 0.05% 0.06% #18 2
Prev: #16
0.0 no change no change
P
S
1,000 $218,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RLJ/PRA
RLJ LODGING TR
Preferred 0.01% 0.01% #19 2
Prev: #17
0.0 no change no change
P
S
2,000 $50,000 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-19 of 19 holdings

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