H/2 Credit Manager LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), H/2 Credit Manager LP reported 14 stock positions worth $390.1 million. Its top holding was RLJ Lodging Trust (RLJ) at 19.1% of the portfolio, followed by Veris Residential (VRE, 16.8%) and Park Hotels & Resorts (PK, 14.6%). Compared with Q4 2023, it opened 2 new positions. The biggest buy was a new position in Kimco Realty (KIM).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001813784
Portfolio Value
$390.1M (Q1 2024)
SEC Filing
0001813784-24-000003 ↗ filed May 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $390.1M $390.1M Q1 2024 Q2 2024: $371.3M Q2 2024 Q3 2024: $387.2M Q3 2024 Q4 2024: $391.3M Q4 2024 Q1 2025: $370.3M Q1 2025 Q2 2025: $358.4M Q2 2025 Q3 2025: $396.3M Q3 2025 Q4 2025: $449.9M Q4 2025 Q1 2026: $492.9M Q1 2026 Q2 2026: $526.3M Q2 2026

Holdings 14 stocks · $390.1M
RLJ RLJ Lodging Trust 19.10% 6,304,257 $74.5M No change
VRE Veris Residential Inc. 16.76% 4,297,314 $65.4M No change
PK Park Hotels & Resorts Inc. 14.62% 3,260,000 $57.0M No change
DHC Diversified Healthcare Trust 9.41% 14,917,366 $36.7M No change
INN Summit Hotel Properties Inc. 8.36% 5,010,631 $32.6M No change
VNO Vornado Realty Trust 7.44% 1,008,913 $29.0M No change
DRH Diamondrock Hospitality Co. 6.75% 2,741,445 $26.3M No change
SHO Sunstone Hotel Investors Inc. 6.25% 2,188,210 $24.4M No change
SBRA Sabra Health Care REIT Inc. 3.41% 900,000 $13.3M No change
HST Host Hotels & Resorts Inc. 3.11% 586,032 $12.1M No change
KIM Kimco Realty Corp. 1.51% 300,000 $5.9M New
SLG SL Green Realty Corp. 1.41% 100,000 $5.5M No change
BRX Brixmor Property Group Inc. 1.20% 200,000 $4.7M No change
CLDT Chatham Lodging Trust 0.67% 260,000 $2.6M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $49K (not counted above)
SecurityClassShares / PrincipalValueChange
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A 2,000$49KReduce -99.6%

Total filed on the 13F, all lines: $390.1M.

Portfolio Sells Q4 2023 → Q1 2024
None this quarter.

Portfolio Buys Q4 2023 → Q1 2024
KIM Kimco Realty Corp. New 1.51% +1.51
CLDT Chatham Lodging Trust New 0.67% +0.67

Notes & Other Activity Q4 2023 → Q1 2024
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A Reduce -99.6% 2,000 $49K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 15$526.3MDHC, RLJ, INN, DRH, PK
Q1 2026 16$492.9MVRE, DHC, RLJ, INN, DRH
Q4 2025 16$449.9MVRE, DHC, RLJ, INN, DRH
Q3 2025 14$396.3MDHC, VRE, INN, RLJ, PK
Q2 2025 13$358.4MVRE, DHC, INN, RLJ, PK
Q1 2025 13$370.3MVRE, RLJ, INN, PK, DRH
Q4 2024 12$391.3MVRE, RLJ, INN, PK, DHC
Q3 2024 12$387.2MVRE, DHC, RLJ, INN, PK
Q2 2024 14$371.3MVRE, RLJ, PK, DHC, INN
Q1 2024 14$390.1MRLJ, VRE, PK, DHC, INN