H/2 CREDIT MANAGER LP

CIK 0001813784 · Q2 2026

13F Equity AUM

$526K

+5.3% QoQ

Positions

-3 QoQ

AUM Rank

#12,224

Top 97%

Skill Alpha (FF)

-11.1%/yr^ns

No Clear Edge

Rank #8,104 · Top 98%

vs S&P -5.9%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 74.2%Top 10: 93.9%Top 20: 100.0%

DHC22.6%

RLJ21.6%

INN12.2%

DRH9.2%

PK8.6%

SHO7.4%

BXP3.4%

SBC3.3%

KRG3.0%

HST2.6%

Others (6)6.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Real Estate100.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 16Median: 3.18%Avg: 6.25%

0–0.5%

2(0.1%)

0.5–1%

0(0.0%)

1–3%

5(8.7%)

3–5%

3(9.7%)

5%+

6(81.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 16vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Loading overlap analysis...

Position Changes This Quarter

New0Increased1Decreased2Exited3

Increased

SHO7.4%

+598K(+21%)

Decreased

DHC22.6%

-2,100,000(-14%)

DRH9.2%

-92,866(-2%)

Exited

VRE

-5,472,814

PEB 6.3 PERP F

-246,483

PEB 6.375 PERP E

-104,015

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...