Q2 2026 13F · SEC CIK 1813784
H/2 Credit Manager LP
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $526.3M
- Reported positions
- 16
- Top holdings a year, 3 yrs
- +12.6%
- Assets under management
- $4.5B
H/2 Credit Manager LP is a hedge fund that reported 16 positions worth $526.3M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Diversified Healthcare Tr (DHC, 22.6%), Rlj Lodging Tr (RLJ, 21.6%), Summit Hotel Pptys Inc Com (INN, 12.2%). A portfolio copying its top holdings returned 12.6% a year over the last 3 years, against 20.4% for the S&P 500.
H/2 Credit Manager LP holdings all 16 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| DHCDiversified Healthcare Tr | 22.6% | -14.1% | $119.2M |
| RLJRlj Lodging Tr | 21.6% | +0.0% | $113.6M |
| INNSummit Hotel Pptys Inc Com | 12.2% | +0.0% | $64.0M |
| DRHDiamondrock Hospitality Co | 9.2% | -2.3% | $48.5M |
| PKPark Hotels & Resorts Inc Com | 8.6% | +0.0% | $45.1M |
| SHOSunstone Hotel Invs Inc REIT | 7.4% | +21.5% | $38.8M |
| BXPBxp Inc | 3.4% | +0.0% | $17.8M |
| SBRASabra Health Care REIT Inc | 3.3% | +0.0% | $17.6M |
| KRGKite Realty Group Trust | 3.0% | +0.0% | $15.9M |
| HSTHost Hotels & Resorts Inc | 2.6% | +0.0% | $13.9M |
| HHHHoward Hughes Holdings Inc | 1.9% | +0.0% | $10.0M |
| CLDTChatham Lodging Tr | 1.5% | +0.0% | $7.9M |
| KIMKimco Realty Corp | 1.4% | +0.0% | $7.6M |
| BRXBrixmor Ppty Group Inc | 1.2% | +0.0% | $6.3M |
| ALXAlexanders Inc | 0.1% | +0.0% | $276K |
| RLJ-PARlj Lodging Tr | 0.0% | +0.0% | $49K |
What H/2 Credit Manager LP bought and sold in Q2 2026, against Q1 2026.
New positions
No new positions among the largest holdings.
Added to
- SHO Sunstone Hotel Invs Inc REIT+21.5% shares
Reduced
- DHC Diversified Healthcare Tr-14.1% shares
Sold out
- VRE Veris Residential Incwas 20.7%
- PEB-PF Pebblebrook Hotel Trwas 1.0%
- PEB-PE Pebblebrook Hotel Trwas 0.4%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +47.9% /yr
- S&P 500 +20.1%
- 3 years
- +12.6% /yr
- S&P 500 +20.4%
- 5 years
- +3.5% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $526.3M | 16 |
| Q1 2026 | $499.7M | 19 |
| Q4 2025 | $456.6M | 19 |
| Q3 2025 | $403.5M | 17 |
| Q2 2025 | $364.6M | 16 |
| Q1 2025 | $376.5M | 16 |
| Q4 2024 | $391.4M | 13 |
| Q3 2024 | $387.2M | 13 |
| Q2 2024 | $371.4M | 15 |
| Q1 2024 | $390.1M | 15 |
| Q4 2023 | $405.1M | 13 |
| Q3 2023 | $361.1M | 13 |
Questions about H/2 Credit Manager LP's portfolio
What stocks does H/2 Credit Manager LP own?
H/2 Credit Manager LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 16 positions worth $526.3M. The largest are Diversified Healthcare Tr (DHC) at 22.6%, Rlj Lodging Tr (RLJ) at 21.6%, Summit Hotel Pptys Inc Com (INN) at 12.2%, Diamondrock Hospitality Co (DRH) at 9.2% and Park Hotels & Resorts Inc Com (PK) at 8.6%.
What did H/2 Credit Manager LP buy last quarter?
In Q2 2026, H/2 Credit Manager LP added Sunstone Hotel Invs Inc REIT (SHO) (+21.5% shares), compared with its Q1 2026 filing.
What did H/2 Credit Manager LP sell last quarter?
In Q2 2026, H/2 Credit Manager LP sold all of Veris Residential Inc (VRE), sold all of Pebblebrook Hotel Tr (PEB-PF), sold all of Pebblebrook Hotel Tr (PEB-PE) and Diversified Healthcare Tr (DHC) (-14.1% shares), compared with its Q1 2026 filing.
How has H/2 Credit Manager LP's portfolio performed?
A portfolio copying H/2 Credit Manager LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +47.9% against +20.1%. Over 5 years: +3.5% a year against +11.6%.
When is H/2 Credit Manager LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. H/2 Credit Manager LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does H/2 Credit Manager LP manage?
H/2 Credit Manager LP reported $4.5B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $526.3M.