Q4 2025 · 13F-HR
Conversant Capital LLCholdings as filed
Filed 2026-02-17 · accession 0001850901-26-000002
$526.5M
Reported value
13
Positions
2025-12-31
Period end
The Brief · Conversant Capital LLC · Q4 2025
AI · grounded in 13F
Conversant Capital LLC closed its position in TLT, reducing exposure by $111.7M. The fund established several new positions, most notably in HPP with a $28.2M investment, NSA at $21.9M, and COLD at $19.3M. Additionally, the fund exited its position in SILA for $14.9M and trimmed its holdings in CTRI by 46.5%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 140475203 | SNDA | Sonida Senior Living Inc | $302.1M | 57.4% | 9,264,653 | Common | SOLE |
| 64828T201 | RITM | Rithm Capital Corp | $35.5M | 6.74% | 3,255,000 | Common | SOLE |
| 155923105 | CTRI | Centuri Holdings Inc | $35.4M | 6.71% | 1,400,000 | Common | SOLE |
| 379378201 | GNL | Global Net Lease Inc | $32.7M | 6.21% | 3,803,654 | Common | SOLE |
| 444097406 | HPP | Hudson Pacific Properties Inc | $28.2M | 5.36% | 2,607,060 | Common | SOLE |
| 93148P102 | WD | Walker & Dunlop Inc | $25.3M | 4.81% | 421,380 | Common | SOLE |
| 637870106 | NSA | National Storage Affiliates Trust | $21.9M | 4.15% | 775,000 | Common | SOLE |
| 03064D108 | COLD | Americold Realty Trust Inc | $19.3M | 3.66% | 1,500,000 | Common | SOLE |
| 45378A106 | IRT | Independence Realty Trust Inc | $14.9M | 2.82% | 850,000 | Common | SOLE |
| 053484101 | AVB | AvalonBay Communities Inc | $5.6M | 1.06% | 30,780 | Common | SOLE |
| 902653104 | UDR | UDR Inc | $5.4M | 1.03% | 148,223 | Common | SOLE |
| G75751118 | RAC/WS | Rithm Acquisition Corp | $213,900 | 0.04% | 333,333 | Common | SOLE |
| 39818P799 | PKST | Peakstone Realty Trust | $1,435 | 0.00% | 100 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.