H/2 CREDIT MANAGER LP
Long book
$499.7M
Q1 2026
Positions
19
Top-10 weight
91%
concentration
Last quarter
+39.6%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsH/2 CREDIT MANAGER LP is a concentrated fundamental stock-picker, specialised in real_estate (85% of the long book), running a $499.7M US long book across 19 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: Verus Residential, Inc., DIVERSIFIED HEALTHCARE TRUST, RLJ LODGING TRUST, SUMMIT HOTEL PROPERTIES INC, DIAMONDROCK HOSPITALITY CO.
Over the last 9 quarters its long book ran on average 1.1pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-6.6%
Q2 2024
+12.7%
Q3 2024
-4.3%
Q4 2024
-15.5%
Q1 2025
+4.4%
Q2 2025
+9.7%
Q3 2025
+2.6%
Q4 2025
+7.1%
Q1 2026
+39.6%
Sector allocation
Real estate 100%
Long book by quarter
What does H/2 CREDIT own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 19 | $499.7M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 19 | $53.03B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 17 | $403.5M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 16 | $364.6M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 16 | $376.5M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 13 | $391.4M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 13 | $387.2M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 15 | $371.4M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 15 | $390.1M | $K fixed canonical | SEC ↗ |
Similar funds
COHEN & STEERS, INC.APG Asset Management US Inc.CENTERSQUARE INVESTMENT MANAGEMENT LLCPartners Value Investments L.P.CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLCResolution Capital LtdLASALLE INVESTMENT MANAGEMENT SECURITIES LLCInvesture, LLCSUN LIFE FINANCIAL INCFAIRHOLME CAPITAL MANAGEMENT LLCRUSH ISLAND MANAGEMENT, LPAdelante Capital Management LLC