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Conversant Capital LLC

Q2 2025 · Filed 2025-08-15
Market Value
$518M
+13.7%
Holdings
20
+3
New Purchases
6
Added To
4
Closed
6
Reduced
1
Top 10 Concentration
96.3%
Turnover
60.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SMA 6.97% 0.00% +6.97% $36M
JHX 4.15% 0.00% +4.15% $22M
HPP 5.66% 1.76% +3.90% $29M
FR 3.62% 0.00% +3.62% $19M
GNL 6.33% 4.51% +1.82% $33M
PKST 1.81% 0.00% +1.81% $9M
BTBT 0.96% 0.00% +0.96% $5M
CEPT 0.85% 0.00% +0.85% $4M
RITM-PD 8.63% 8.53% +0.10% $45M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JLL 0.00% 6.01% -6.01% $0
GVA 0.00% 4.72% -4.72% $0
SNDA 44.61% 47.36% -2.75% $231M
0YY7.L 0.00% 2.32% -2.32% $0
KKR 0.00% 2.18% -2.18% $0
ARES 0.00% 2.12% -2.12% $0
SILA 6.75% 8.66% -1.91% $35M
UHG 0.00% 1.02% -1.02% $0
NPKI 4.46% 5.33% -0.87% $23M
PFSI 5.12% 5.37% -0.25% $27M
KFIIU 0.09% 0.10% -0.01% $464K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 5 $66M 12.8%
Mid Cap 4 $45M 8.7%
Small Cap 10 $407M 78.5%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$9.8B
Median Market Cap
$1.8B
Avg P/E
45.8
Median P/E
29.5
Avg Dividend Yield
0.02%
Avg Beta
1.31
# Stocks
20
# ETFs / Funds
0

Top Holdings (20 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SNDA 44.61% 9,264,653 $231M $24.95 $15M
2 RITM-PD 8.63% 3,960,500 $45M $11.29 $6M +565,500 +16.7%
3 SMA 6.97% 996,356 $36M $36.23 +996,356 NEW
4 SILA 6.75% 1,477,669 $35M $23.67 -$4M
5 GNL 6.33% 4,343,500 $33M $7.55 $12M +1,786,902 +69.9%
6 HPP 5.66% 10,700,000 $29M $2.74 $21M +7,981,580 +293.6%
7 PFSI 5.12% 266,000 $27M $99.64 $2M +21,850 +8.9%
8 NPKI 4.46% 2,714,779 $23M $8.51 -$1M -1,463,854 -35.0%
9 JHX 4.15% 800,000 $22M $26.89 +800,000 NEW
10 FR 3.62% 390,000 $19M $48.13 +390,000 NEW
11 PKST 1.81% 1,184,861 $9M $7.90 +1,184,861 NEW
12 BTBT 0.96% 2,275,000 $5M $2.19 +2,275,000 NEW
13 CEPT 0.85% 400,000 $4M $11.03 +400,000 NEW
14 KFIIU 0.09% 44,848 $464K $10.34 $11K
15 GVA —% -$21M -285,010 -100.0% SOLD
16 0YY7.L —% -$11M -1,200,000 -100.0% SOLD
17 ARES —% -$10M -66,000 -100.0% SOLD
18 JLL —% -$27M -110,440 -100.0% SOLD
19 UHG —% -$5M -1,655,726 -100.0% SOLD
20 KKR —% -$10M -86,000 -100.0% SOLD

Options Breakdown

1 Calls $7M Call Value 3 Puts $89M Put Value 13.44 P/C Ratio

Top Calls

SymbolSharesValueStatus
SLG 107,000 $7M NEW

Top Puts

SymbolSharesValueStatus
IWM 300,000 $65M NEW
XLP 300,000 $24M
SPY $0 SOLD

New Positions

SymbolValue% Port
SMA $36M 6.97%
JHX $22M 4.15%
FR $19M 3.62%
PKST $9M 1.81%
BTBT $5M 0.96%
CEPT $4M 0.85%

Sold Out Positions

SymbolValue% Port
ARES —%
GVA —%
JLL —%
KKR —%
0YY7.L —%
UHG —%
View SEC EDGAR Filings for Conversant Capital LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms