CIK: 0001850901
Total reported value
$745.1M
Reporting period: 2026-03-31 · Number of holdings: 16
Conversant Capital LLC disclosed 16 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $745.1M and a quarterly turnover rate of 77.8%.
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Conversant Capital LLC's disclosed holdings carry a Herfindahl concentration index of 0.411 — mathematically equivalent to about 2 equally-sized positions, well below its 16 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.44), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 18.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 14% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
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Add SNDA
+57.7% $168.9M
Trim RITM
-23.2% -$11.8M
Trim CTRI
-38.9% -$10.4M
Add PKST
0.0% $20.4M
Trim COLD
-26.7% -$6.7M
Trim WD
+33.0% -$479.2K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SNDA | Sonida Senior Living INC | Stock-Other | 64.99% | +5.84% | +57.65% | |
| 2 | INVH | Invitation Homes INC | Stock-Real Estate | 4.29% | +4.17% | NEW | |
| 3 | JAN | Janus Living INC Cl-a-1 | Stock-Other | 3.94% | +3.83% | NEW | |
| 4 | CCI | Crown Castle INC | Stock-Real Estate | 3.75% | +3.64% | NEW | |
| 5 | SMA | Smartstop Self Storage Reit | Stock-Other | 3.58% | +3.49% | NEW | |
| 6 | CTRI | Centuri Holdings INC | Stock-Other | 3.45% | -3.36% | -38.93% | |
| 7 | WD | Walker & Dunlop INC | Stock-Other | 3.43% | -1.47% | +32.97% | |
| 8 | RITM | Rithm Capital CORP | Stock-Real Estate | 3.27% | -3.56% | -23.20% | |
| 9 | CDNL | Cardinal Infrastructure Gr-a | Stock-Other | 2.58% | +2.51% | NEW | |
| 10 | DRVN | Driven Brands Holdings INC | Stock-Other | 1.74% | +1.69% | NEW | |
| 11 | COLD | Americold Realty Trust INC | Stock-Real Estate | 1.74% | -1.97% | -26.67% | |
| 12 | KREF | Kkr Real Estate Finance Trus | Stock-Other | 1.24% | +1.21% | NEW | |
| 13 | H | Hyatt Hotels CORP - Cl A | Stock-Consumer Disc | 1.19% | +1.16% | NEW | |
| 14 | APC | Arko Petroleum CORP | Stock-Other | 0.74% | +0.72% | NEW | |
| 15 | ✓ | Rithm Acquisition CORP | Stock-Other | 0.07% | +0.03% | +160.50% | |
| 16 | PKST | Peakstone Realty Trust | Stock-Other | — | +2.73% | — |
Performance for Q3 2026
—
Performance Last 4 Quarters
—
Based on 24% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 16 | $745.1M | 78 | |
| 2025-12-31 | 13 | $526.5M | 57 | |
| 2025-09-30 | 10 | $590.0M | 99 | |
| 2025-06-30 | 17 | $621.6M | 0 | |
| 2025-03-31 | 18 | $605.4M | 0 | |
| 2024-12-31 | 14 | $724.3M | 0 | |
| 2024-09-30 | 19 | $921.2M | 0 | |
| 2024-06-30 | 17 | $551.5M | 0 | |
| 2024-03-31 | 18 | $680.5M | 0 | |
| 2023-12-31 | 10 | $233.4M | 0 | |
| 2023-09-30 | 14 | $329.0M | 0 | |
| 2023-06-30 | 20 | $402.4M | 0 | |
| 2023-03-31 | 18 | $391.9M | 0 | |
| 2022-12-31 | 19 | $435.0M | 0 | |
| 2022-09-30 | 20 | $420.1M | 0 | |
| 2022-06-30 | 17 | $437.9M | 0 | |
| 2022-03-31 | 15 | $461.8M | 0 | |
| 2021-12-31 | 16 | $459.8M | 0 |
Conversant Capital LLC's most significant position changes for 2026-03-31: Sold out: Global Net Lease INC (GNL); New buy: Invitation Homes INC (INVH); New buy: Janus Living INC Cl-a-1 (JAN); Sold out: Hudson Pacific Properties In (HPP); New buy: Crown Castle INC (CCI).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SNDA | Sonida Senior Living INC | +5.8% | +57.65% | Add |
| 2 | PKST | Peakstone Realty Trust | +2.7% | — | Unchanged |
| 3 | ✓ | Rithm Acquisition CORP | 0% | +160.50% | Add |
| 4 | WD | Walker & Dunlop INC | -1.5% | +32.97% | Add |
| 5 | COLD | Americold Realty Trust INC | -2% | -26.67% | Trim |
| 6 | CTRI | Centuri Holdings INC | -3.4% | -38.93% | Trim |
| 7 | RITM | Rithm Capital CORP | -3.6% | -23.20% | Trim |
| 8 | GNL | Global Net Lease INC | — | EXIT | Sold out |
| 9 | INVH | Invitation Homes INC | — | NEW | New buy |
| 10 | JAN | Janus Living INC Cl-a-1 | — | NEW | New buy |
| 11 | HPP | Hudson Pacific Properties In | — | EXIT | Sold out |
| 12 | CCI | Crown Castle INC | — | NEW | New buy |
| 13 | SMA | Smartstop Self Storage Reit | — | NEW | New buy |
| 14 | NSA | National Storage Affiliates | — | EXIT | Sold out |
| 15 | CDNL | Cardinal Infrastructure Gr-a | — | NEW | New buy |
| 16 | IRT | Independence Realty Trust In | — | EXIT | Sold out |
| 17 | DRVN | Driven Brands Holdings INC | — | NEW | New buy |
| 18 | KREF | Kkr Real Estate Finance Trus | — | NEW | New buy |
| 19 | H | Hyatt Hotels CORP - Cl A | — | NEW | New buy |
| 20 | AVB | Avalonbay Communities INC | — | EXIT | Sold out |
| 21 | UDR | Udr INC | — | EXIT | Sold out |
| 22 | APC | Arko Petroleum CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-15 | Amendment | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-20 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
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