Conversant Capital LLC

CIK 0001850901 · Q1 2026

13F Equity AUM

$745.1M

+41.5% QoQ

Positions

+3 QoQ

AUM Rank

#3,382

Top 27%

Skill Alpha (FF)

-17.3%/yr^ns

No Clear Edge

Rank #8,130 · Top 99%

vs S&P -7.4%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 78.3%Top 10: 93.5%Top 20: 100.0%

SNDA63.2%

INVH4.2%

JANUS LIVING CL A 1 ORD3.8%

8CW3.6%

SMA3.5%

CTRI3.4%

WD3.3%

RITM3.2%

PKST2.7%

CDNL2.5%

Others (6)6.5%

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

Sector Allocation

Healthcare63.2%

Real Estate16.5%

Unclassified4.6%

Financials3.6%

Utilities3.4%

Financial Services3.3%

Consumer Cyclical2.9%

Industrials2.5%

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

Position Sizing

Positions: 16Median: 2.96%Avg: 6.25%

0–0.5%

1(0.1%)

0.5–1%

1(0.7%)

1–3%

6(11.0%)

3–5%

7(25.0%)

5%+

1(63.2%)

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

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Portfolio Overlap

Shared: 15Unique: 1vs 20 funds

0.2%Low

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.4%

VANGUARD CAPITAL MANAGEMENT LLC

0.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.5%

MORGAN STANLEY

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.4%

BANK OF AMERICA CORP /DE/

0.3%

STATE STREET CORP

0.4%

JPMORGAN CHASE & CO

0.3%

FMR LLC

0.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New9Increased3Decreased3Exited6

New Positions

INVH4.2%

+1.3M

JANUS LIVING CL A 1 …3.8%

+1.2M

8CW3.6%

+334K

SMA3.5%

+858K

CDNL2.5%

+472K

DRVN1.7%

+1.0M

KREF1.2%

+1.5M

H1.2%

+60K

ARKO PETROLEUM CL A …0.7%

+300K

Increased

SNDA63.2%

+5.3M(+58%)

RAC-WT0.1%

+535K(+161%)

WD3.3%

+139K(+33%)

Decreased

RITM3.2%

-755,000(-23%)

CTRI3.4%

-545,000(-39%)

COLDEUR1.7%

-400,000(-27%)

Exited

-3,803,654

-2,607,060

-775,000

-850,000

-30,780

-148,223

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

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Holdings

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