In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Conversant Capital LLC reported 14 stock positions worth $535.6 million . Its top holding was Sonida Senior Living (SNDA) at 45.2% of the portfolio, followed by Sila Realty Trust (SILA, 8.5% ) and Rithm Capital (RITM, 7.2% ). Compared with Q2 2024, it opened 5 new positions, sold out of 5, added to 5 and reduced 2. The biggest buy was a new position in Rithm Capital (RITM) and the biggest sale an exit from Caesars Entertainment (CZR).
Location SUMMIT, NJ
CIK 0001850901
Portfolio Value $535.6M (Q3 2024) Holdings 14 stocks · $535.6M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 SNDA Sonida Senior Living Inc. 9,060,877 $242.3M Add +25.7% SILA Sila Realty Trust Inc. 1,808,481 $45.7M Add +388.8% RITM Rithm Capital Corp. 3,395,000 $38.5M New TH Target Hospitality Corp. 4,789,046 $37.3M Add +5.5% SITC Site Centers Corp. filed as SITE CTRS CORP 572,500 $34.6M Add +6.5% COLD Americold Realty Trust Inc. 1,139,000 $32.2M Add +20.7% NPKI NPK International Inc. filed as NEWPARK RES INC 3,956,852 $27.4M No change PFSI Pennymac Financial Services 200,000 $22.8M Reduce -33.1% JLL Jones Lang Lasalle Inc. 60,000 $16.2M New BRSP Brightspire Capital Inc. 2,701,223 $15.1M New NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 345,550 $14.2M Reduce -35.4% AHRT Ah Realty Trust Inc. filed as ARMADA HOFFLER PPTYS INC 420,000 $4.5M New UHG United Homes Group Inc. 535,173 $3.3M No change ARDT Ardent Health Inc. 70,917 $1.3M New
Options reported separately and not counted above: SPY puts ($243.8M), IWM puts ($62.1M), IYR puts ($50.9M), XLP puts ($20.8M), HYG puts ($8.0M).
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ CZR Caesars Entertainment Inc. Sold out 0.00% −4.88 FR First Industrial Realty TR Sold out 0.00% −4.17 CORZ Core Scientific Inc. Sold out 0.00% −3.98 CCO Clear Channel Outdoor Holdin Sold out 0.00% −2.14 PFSI Pennymac Financial Services Reduce -33.1% 4.26% −1.95 NMIH Nmi Holdings Inc. Reduce -35.4% 2.66% −1.34 IREN Iren Ltd. Sold out 0.00% −0.74
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ RITM Rithm Capital Corp. New 7.20% +7.20 SILA Sila Realty Trust Inc. Add +388.8% 8.54% +6.82 JLL Jones Lang Lasalle Inc. New 3.02% +3.02 BRSP Brightspire Capital Inc. New 2.82% +2.82 SNDA Sonida Senior Living Inc. Add +25.7% 45.24% +1.74 AHRT Ah Realty Trust Inc. New 0.85% +0.85 COLD Americold Realty Trust Inc. Add +20.7% 6.01% +0.72 ARDT Ardent Health Inc. New 0.24% +0.24 SITC Site Centers Corp. Add +6.5% 6.47% −0.37 TH Target Hospitality Corp. Add +5.5% 6.96% −1.71
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 425,000 $243.8M IWM iShares Russell 2000 ETF put Reduce -29.8% 281,000 $62.1M IYR iShares US Real Estate ETF put New 500,000 $50.9M XLP SS Consumer Staples Sel Sect put New 250,000 $20.8M FLG New York Community Bancorp call Sold out 233,667 $6.8Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 16 $851.9M SNDA, COMP, CTRI, INVH, JAN Q1 2026 15 $724.2M SNDA, INVH, JAN, CCI, SMA Q4 2025 12 $526.3M SNDA, RITM, CTRI, GNL, HPP Q3 2025 8 $478.1M SNDA, CTRI, RITM, GNL, WD Q2 2025 Amended 13 $525.8M SNDA, RITM, SMA, SILA, GNL Q1 2025 16 $490.6M SNDA, SILA, RITM, JLL, SITC Q4 2024 11 $476.4M SNDA, TH, SILA, RITM, NPKI Q3 2024 14 $535.6M SNDA, SILA, RITM, TH, SITC Q2 2024 14 $455.9M SNDA, TH, NPKI, SITC, PFSI Q1 2024 14 $427.0M SNDA, TH, NPKI, PFSI, DBRG