H/2 CREDIT MANAGER LP

CIK 1813784 · View on SEC EDGAR ↗

Portfolio value QoQ: +5.3% 13F does not disclose cash

Top 10 holdings weight93.89%

Top 25 holdings weight100.00%

Positions above 1%14

Effective number of positions7.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 1.34% Est. buys $6,849 · sells $130,688

Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 84.2% still held

New positions0

Increased1

Decreased2

Closed3

Portfolio value $526K #9,139 of 9,337 by 13F value · top 97.9%

Positions 16

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Real Estate 100.0%

Full portfolio 16 positions

					Streak
DHC Diversified Healthcare Trust - Common Shares of Beneficial Interest	$119,202	22.65%	12,817,366	$20,151	Down ×1
RLJ RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value	$113,561	21.58%	9,583,184	$42,454
INN Summit Hotel Properties, Inc. Common Stock	$63,978	12.16%	9,126,700	$23,638
DRH Diamondrock Hospitality Company - Common Stock	$48,504	9.22%	3,982,284	$10,320	Down ×1
PK Park Hotels & Resorts Inc. Common Stock	$45,069	8.56%	3,162,710	$11,766
SHO Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares	$38,774	7.37%	3,386,394	$13,652	Up ×1
BXP BXP, Inc. Common Stock	$17,778	3.38%	268,110	$3,863
SBRA Sabra Health Care REIT, Inc. - Common Stock	$17,559	3.34%	900,000	$252
KRG Kite Realty Group Trust Common Stock	$15,893	3.02%	560,000	$2,145
HST Host Hotels & Resorts, Inc. - Common Stock	$13,895	2.64%	586,032	$2,667
HHH Howard Hughes Holdings Inc. Common Stock	$10,028	1.91%	140,268	$1,155
CLDT Chatham Lodging Trust (REIT) Common Shares of Beneficial Interest	$7,872	1.50%	595,000	$3,189
KIM Kimco Realty Corporation (HC) Common Stock	$7,605	1.44%	300,000	$864
BRX Brixmor Property Group Inc. Common Stock	$6,306	1.20%	200,000	$546
ALX Alexander's, Inc. Common Stock	$276	0.05%	1,000	$40
RLJPRA CUSIP: 74965L200	$49	0.01%	2,000	$1
No matches

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
RLJ	Price move only	+0	+$42K
INN	Price move only	+0	+$24K
DHC	Trimmed	-2.1M	+$20K
SHO	Bought more	+598K	+$14K
PK	Price move only	+0	+$12K
DRH	Trimmed	-93K	+$10K
BXP	Price move only	+0	+$4K
CLDT	Price move only	+0	+$3K
HST	Price move only	+0	+$3K
KRG	Price move only	+0	+$2K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
VRE	June 30, 2026	5,472,814	$103,272	No longer tracked
PEBPRF	June 30, 2026	246,483	$4,757	No longer tracked
PEBPRE	June 30, 2026	104,015	$1,998	No longer tracked