H/2 CREDIT MANAGER LP

Q4 2025 13F-HR Holdings

Location
Stamford, CT
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
19
Total value ($000)
$456,614
Net value change ($000)
+53,140 (13.2%)
New positions
2
Sold out positions
0
Turnover %
6.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
RLJ 26,004 57.3%
BXP 18,092 NEW
VRE 16,116 24.7%
HHH 11,189 NEW
DHC 6,563 10.0%
KRG 935 7.5%
HST 416 4.2%
SBRA 270 1.6%
CLDT 60 1.5%
Top Reduces (Value $000, Stocks/ETFs)
PK -10,172 -23.5%
INN -6,937 -13.5%
DRH -3,885 -9.6%
SHO -3,073 -11.0%
KIM -1,730 -22.1%
BRX -292 -5.3%
PEB -283 -5.7%
PEB -117 -5.6%
ALX -16 -6.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type