Top Institutional Investors

H/2 CREDIT MANAGER LP — 13F Holdings & Portfolio

CIK 1813784 · latest 13F-HR filed 2026-08-14

Backtest portfolio

H/2 CREDIT MANAGER LP manages $526.3M in 13F-reported U.S. long-equity assets across 16 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are DHC (22.65%), RLJ (21.58%), INN (12.16%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions and exited 3; 14 existing positions rose in reported value and 0 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$526.3M

Long-equity book

Holdings
16

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+0 / −3 / ↑14 / ↓0

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
DHC22.6% · -14%RLJ21.6% · 0%INN12.2% · 0%DRH9.2% · -2%PK8.6% · 0%SHO7.4% · +22%BXP3.4% · 0%SBRA3.3% · 0%KRG3.0% · 0%HST2.6% · 0%HHH1.9% · 0%CLDT1.5% · 0%KIM1.4% · 0%BRX1.2% · 0%ALX0.1% · 0%RLJPA0.0% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 93.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$4.52B
Discretionary
$4.52B
Employees
18
Accounts
6
Address
680 WASHINGTON BOULEVARD
SEVENTH FLOOR
STAMFORD, CT 06901-3700
Phone
(203) 569-4000
Name Title / Status Ownership Type
H/2 CREDIT MANAGER GP LLC ControlGENERAL PARTNER
since May 2004
75% or moreDomestic Entity
HABER, SPENCER, BROOKS ControlCHIEF EXECUTIVE OFFICER
since May 2004
Less than 5%Individual
PETRENKO, ALYSSACHIEF COMPLIANCE OFFICER
since Feb 2018
Less than 5%Individual
WARUM, AARON, ZMANAGING DIRECTOR
since Jun 2021
Less than 5%Individual
HABER, SPENCER, BROOKS Control
Indirect owner via H/2 CREDIT MANAGER GP LLC
MANAGING MEMBER
since May 2004
75% or moreIndividual
Ownership & leadership changes · 13 filings with changes since Feb 13, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 31, 2026 filing
  • No longer listedRAO, ASHVIN, BOLLINENI · MANAGING DIRECTOR · Less than 5% · listed since Jan 2014
Mar 30, 2022 filing
  • ChangedWARUM, AARON, Z · title SENIOR VICE PRESIDENT → MANAGING DIRECTOR
Mar 22, 2019 filing
  • ChangedRAO, ASHVIN, BOLLINENI · title GENERAL COUNSEL → MANAGING DIRECTOR
  • ChangedWARUM, AARON, Z · title CHIEF ACCOUNTING OFFICER → SENIOR VICE PRESIDENT
Mar 29, 2018 filing
  • No longer listedH/2 CAPITAL PARTNERS LLC · LIMITED PARTNER · 75% or more · indirect via H/2 FINANCIAL PARTNERS LP · control person · listed since Jan 2013
  • No longer listedH/2 FINANCIAL CORP. · GENERAL PARTNER · General partner, trustee or manager · indirect via H/2 FINANCIAL HOLDCO LP · control person · listed since Jan 2013
  • No longer listedH/2 FINANCIAL HOLDCO LP · MANAGING MEMBER OF H/2 FINANCIAL MANAGER LLC - RELYING ADVISER · 75% or more · control person · listed since Jan 2013
  • No longer listedH/2 FINANCIAL PARTNERS LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via H/2 FINANCIAL PARTNERS LP · control person · listed since Jan 2013
  • No longer listedH/2 FINANCIAL PARTNERS LP · LIMITED PARTNER · 75% or more · indirect via H/2 FINANCIAL HOLDCO LP · control person · listed since Jan 2013
  • No longer listedH/2 INVESTORS III MANAGER GP LLC · GENERAL PARTNER TO H/2 INVESTORS III MANAGER LP - RELYING ADVISER · 75% or more · control person · listed since Oct 2016
  • No longer listedH/2 INVESTORS MANAGEMENT GP LLC · GENERAL PARTNER TO H/2 INVESTORS MANAGEMENT LP - RELYING ADVISER · 75% or more · control person · listed since Apr 2009
  • No longer listedH/2 SO MANAGER GP II LLC · GENERAL PARTNER TO H/2 SO MANAGER II LP - RELYING ADVISER · 75% or more · control person · listed since Oct 2009
  • No longer listedH/2 SO MANAGER GP III LLC · GENERAL PARTNER TO H/2 SO MANAGER III L.P. - RELYING ADVISER · 75% or more · control person · listed since Oct 2014
  • No longer listedH/2 SO MANAGER GP IV LLC · GENERAL PARTNER TO H/2 SO MANAGER IV LP - RELYING ADVISER · 75% or more · control person · listed since Sep 2016
  • No longer listedH/2 SO MANAGER GP LLC · GENERAL PARTNER TO H/2 SO MANAGER LP - RELYING ADVISER · 75% or more · control person · listed since Jul 2007
  • No longer listedH/2 TRS II MANAGER GP LLC · GENERAL PARTNER TO H/2 TRS II MANAGER LP - RELYING ADVISER · 75% or more · control person · listed since Jul 2008
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 INVESTORS MANAGEMENT GP LLC · control person · listed since Apr 2009
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 SO MANAGER GP LLC · control person · listed since Jul 2007
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 SO MANAGER GP II LLC · control person · listed since Oct 2009
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 TRS II MANAGER GP LLC · control person · listed since Jul 2008
  • No longer listedHABER, SPENCER, BROOKS · SHAREHOLDER · 75% or more · indirect via H/2 FINANCIAL CORP. · control person · listed since Jan 2013
  • No longer listedHABER, SPENCER, BROOKS · MEMBER · 75% or more · indirect via H/2 FINANCIAL PARTNERS LLC · control person · listed since Jan 2013
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 SO MANAGER GP III LLC · control person · listed since Oct 2014
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 SO MANAGER GP IV LLC · control person · listed since Sep 2016
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 INVESTORS III MANAGER GP LLC · control person · listed since Oct 2016
  • AddedPETRENKO, ALYSSA · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedRAO, ASHVIN, BOLLINENI · title CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL
Feb 22, 2017 filing
  • No longer listedH/2 STRATEGIC PARTNERS MANAGER GP LLC · GENERAL PARTNER TO H/2 H/2 STRATEGIC PARTNERS MANAGER LP - RELYING ADVISER · 75% or more · control person · listed since Oct 2016
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 STRATEGIC PARTNERS MANAGER GP LLC · control person · listed since Oct 2016
  • AddedH/2 INVESTORS III MANAGER GP LLC · GENERAL PARTNER TO H/2 INVESTORS III MANAGER LP - RELYING ADVISER · 75% or more · control person
  • AddedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 INVESTORS III MANAGER GP LLC · control person
Oct 28, 2016 filing
  • AddedH/2 STRATEGIC PARTNERS MANAGER GP LLC · GENERAL PARTNER TO H/2 H/2 STRATEGIC PARTNERS MANAGER LP - RELYING ADVISER · 75% or more · control person
  • AddedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 STRATEGIC PARTNERS MANAGER GP LLC · control person
  • ChangedH/2 SO MANAGER GP IV LLC · title GENERAL PARTNER TO H/2 SO MANAGER IV L.P. - RELYING ADVISER → GENERAL PARTNER TO H/2 SO MANAGER IV LP - RELYING ADVISER
Sep 13, 2016 filing
  • AddedH/2 SO MANAGER GP IV LLC · GENERAL PARTNER TO H/2 SO MANAGER IV L.P. - RELYING ADVISER · 75% or more · control person
  • AddedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 SO MANAGER GP IV LLC · control person
  • ChangedH/2 SO MANAGER GP III LLC · title GENERAL PARTNER TO H/2 SO MANAGER III L.P. → GENERAL PARTNER TO H/2 SO MANAGER III L.P. - RELYING ADVISER
Mar 21, 2016 filing
  • No longer listedH/2 TRS GP, LLC · GENERAL PARTNER TO H/2 TRS MANAGER, LP- RELYING ADVISER · 75% or more · control person · listed since Sep 2007
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER FOR H/2 TRS MANAGER, LP - RELYING ADVISER · 75% or more · indirect via H/2 TRS GP, LLC · control person · listed since Sep 2007
  • No longer listedHABER, SPENCER, BROOKS · MANAGING MEMBER FOR H/2 SO MANAGER III LP - RELYING ADVISER · 75% or more · indirect via H/2 SO MANAGER III LP · control person · listed since Oct 2014
  • AddedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 SO MANAGER GP III LLC · control person
  • ChangedHABER, SPENCER, BROOKS · indirect via H/2 INVESTORS MANAGEMENT GP LLC: title MANAGING MEMBER FOR H/2 INVESTORS MANAGEMENT LP-RELYING ADVISER → MANAGING MEMBER
  • ChangedHABER, SPENCER, BROOKS · indirect via H/2 SO MANAGER GP LLC: title MANAGING MEMBER FOR H/2 SO MANAGER LP- RELYING ADVISER → MANAGING MEMBER
  • ChangedHABER, SPENCER, BROOKS · indirect via H/2 SO MANAGER GP II LLC: title MANAGING MEMBER FOR H/2 SO MANAGER II LP - RELYING ADVISER → MANAGING MEMBER
  • ChangedHABER, SPENCER, BROOKS · indirect via H/2 TRS II MANAGER GP LLC: title MANAGING MEMBER FOR H/2 TRS II MANAGER LP - RELYING ADVISER → MANAGING MEMBER
Mar 27, 2015 filing
  • AddedWARUM, AARON, Z · CHIEF ACCOUNTING OFFICER · Less than 5%
Nov 17, 2014 filing
  • AddedH/2 SO MANAGER GP III LLC · GENERAL PARTNER TO H/2 SO MANAGER III L.P. · 75% or more · control person
  • AddedHABER, SPENCER, BROOKS · MANAGING MEMBER FOR H/2 SO MANAGER III LP - RELYING ADVISER · 75% or more · indirect via H/2 SO MANAGER III LP · control person
Older changes (4 more filings)
Jan 30, 2014 filing
  • No longer listedFILLER, GARRET, IMRE · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Dec 2012
  • No longer listedNIEDERMAYER, THEODORE, EDWARD · CHIEF OPERATING OFFICER · Less than 5% · listed since Sep 2011
  • AddedRAO, ASHVIN, BOLLINENI · CHIEF COMPLIANCE OFFICER · Less than 5%
Feb 27, 2013 filing
  • AddedH/2 CAPITAL PARTNERS LLC · LIMITED PARTNER · 75% or more · indirect via H/2 FINANCIAL PARTNERS LP · control person
  • AddedH/2 FINANCIAL CORP. · GENERAL PARTNER · General partner, trustee or manager · indirect via H/2 FINANCIAL HOLDCO LP · control person
  • AddedH/2 FINANCIAL HOLDCO LP · MANAGING MEMBER OF H/2 FINANCIAL MANAGER LLC - RELYING ADVISER · 75% or more · control person
  • AddedH/2 FINANCIAL PARTNERS LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via H/2 FINANCIAL PARTNERS LP · control person
  • AddedH/2 FINANCIAL PARTNERS LP · LIMITED PARTNER · 75% or more · indirect via H/2 FINANCIAL HOLDCO LP · control person
  • AddedHABER, SPENCER, BROOKS · SHAREHOLDER · 75% or more · indirect via H/2 FINANCIAL CORP. · control person
  • AddedHABER, SPENCER, BROOKS · MEMBER · 75% or more · indirect via H/2 FINANCIAL PARTNERS LLC · control person
Dec 17, 2012 filing
  • No longer listedSTEFKO, WILLIAM, CHARLES · SENIOR COUNSEL · Less than 5% · listed since Jan 2012
  • AddedFILLER, GARRET, IMRE · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedSTEFKO, WILLIAM, CHARLES · title CHIEF COMPLIANCE OFFICER → SENIOR COUNSEL
Feb 13, 2012 filing (earliest on record)
  • ListedH/2 CREDIT MANAGER GP LLC · GENERAL PARTNER · 75% or more · control person
  • ListedH/2 INVESTORS MANAGEMENT GP LLC · GENERAL PARTNER TO H/2 INVESTORS MANAGEMENT LP - RELYING ADVISER · 75% or more · control person
  • ListedH/2 SO MANAGER GP II LLC · GENERAL PARTNER TO H/2 SO MANAGER II LP - RELYING ADVISER · 75% or more · control person
  • ListedH/2 SO MANAGER GP LLC · GENERAL PARTNER TO H/2 SO MANAGER LP - RELYING ADVISER · 75% or more · control person
  • ListedH/2 TRS GP, LLC · GENERAL PARTNER TO H/2 TRS MANAGER, LP- RELYING ADVISER · 75% or more · control person
  • ListedH/2 TRS II MANAGER GP LLC · GENERAL PARTNER TO H/2 TRS II MANAGER LP - RELYING ADVISER · 75% or more · control person
  • ListedHABER, SPENCER, BROOKS · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
  • ListedHABER, SPENCER, BROOKS · MANAGING MEMBER · 75% or more · indirect via H/2 CREDIT MANAGER GP LLC · control person
  • ListedHABER, SPENCER, BROOKS · MANAGING MEMBER FOR H/2 INVESTORS MANAGEMENT LP-RELYING ADVISER · 75% or more · indirect via H/2 INVESTORS MANAGEMENT GP LLC · control person
  • ListedHABER, SPENCER, BROOKS · MANAGING MEMBER FOR H/2 SO MANAGER LP- RELYING ADVISER · 75% or more · indirect via H/2 SO MANAGER GP LLC · control person
  • ListedHABER, SPENCER, BROOKS · MANAGING MEMBER FOR H/2 SO MANAGER II LP - RELYING ADVISER · 75% or more · indirect via H/2 SO MANAGER GP II LLC · control person
  • ListedHABER, SPENCER, BROOKS · MANAGING MEMBER FOR H/2 TRS MANAGER, LP - RELYING ADVISER · 75% or more · indirect via H/2 TRS GP, LLC · control person
  • ListedHABER, SPENCER, BROOKS · MANAGING MEMBER FOR H/2 TRS II MANAGER LP - RELYING ADVISER · 75% or more · indirect via H/2 TRS II MANAGER GP LLC · control person
  • ListedNIEDERMAYER, THEODORE, EDWARD · CHIEF OPERATING OFFICER · Less than 5%
  • ListedSTEFKO, WILLIAM, CHARLES · CHIEF COMPLIANCE OFFICER · Less than 5%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 14 →

Top Trims

  • No decreased positions.
Show all 0 →

New Positions

  • No new positions this quarter.
Show all 0 →

Exited Positions

Show all 3 →

H/2 CREDIT MANAGER LP Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 DIVERSIFIED HEALTHCARE TR DHC 25525P107 $119.2M 22.65% 12,817,366 SH
2 RLJ LODGING TR RLJ 74965L101 $113.6M 21.58% 9,583,184 SH
3 SUMMIT HOTEL PROPERTIES INC INN 866082100 $64.0M 12.16% 9,126,700 SH
4 DIAMONDROCK HOSPITALITY CO DRH 252784301 $48.5M 9.22% 3,982,284 SH
5 PARK HOTELS & RESORTS INC PK 700517105 $45.1M 8.56% 3,162,710 SH
6 SUNSTONE HOTEL INVS INC NEW SHO 867892101 $38.8M 7.37% 3,386,394 SH
7 BXP INC BXP 101121101 $17.8M 3.38% 268,110 SH
8 SABRA HEALTH CARE REIT INC SBRA 78573L106 $17.6M 3.34% 900,000 SH
9 KITE RLTY GROUP TR KRG 49803T300 $15.9M 3.02% 560,000 SH
10 HOST HOTELS & RESORTS INC HST 44107P104 $13.9M 2.64% 586,032 SH
11 HOWARD HUGHES HOLDINGS HHH 44267T102 $10.0M 1.91% 140,268 SH
12 CHATHAM LODGING TR CLDT 16208T102 $7.9M 1.50% 595,000 SH
13 KIMCO RLTY CORP KIM 49446R109 $7.6M 1.44% 300,000 SH
14 BRIXMOR PPTY GROUP INC BRX 11120U105 $6.3M 1.20% 200,000 SH
15 ALEXANDERS INC ALX 014752109 $276.0K 0.05% 1,000 SH
16 RLJ LODGING TR RLJPA 74965L200 $49.0K 0.01% 2,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $526.3M 16 0001813784-26-000006
2026-03-31 2026-05-15 $499.7M 19 0001813784-26-000005
2025-12-31 2026-02-17 $456.6M 19 0001813784-26-000003
2025-09-30 2025-11-14 $403.5M 17 0001813784-25-000008
Filer Information
Address
680 WASHINGTON BOULEVARD
SEVENTH FLOOR
STAMFORD, CT 06901
Phone
(203) 569-4000
Filing Manager
H/2 CREDIT MANAGER LP
STAMFORD, CT
Signatory
Alyssa Petrenko
Chief Compliance Officer