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Conversant Capital LLC

CIK:0001850901
Hedge Fund
$3B AUM
19 holdings
Summit, NJ, United States
Founded:2020
16 employees
Latest filing:Jun 30, 2025

Conversant Capital LLC is an investment firm headquartered in Summit, New Jersey. Founded in 2020, the firm is registered with the SEC as an investment adviser and manages approximately $2.6 billion in assets. Conversant Capital focuses on investing in undervalued and/or special situation public and private companies, offering tailored capital solutions and strategic guidance. The firm serves institutional investors and takes a research-driven approach, leveraging deep sector expertise and active engagement. Conversant employs 16 professionals across investment and operational roles.

Investment Strategy

Conversant Capital LLC specializes in fundamental, value-driven investing in public and private equity markets, with an emphasis on special situations, distressed, or opportunistic investments. The firm seeks to identify companies undergoing transitions or restructuring where value can be unlocked through active ownership, hands-on engagement, and tailored capital solutions. Their research-intensive process is sector-agnostic but often focuses on real estate, financials, and related sectors. Conversant frequently partners with management teams and boards to drive operational and financial improvement, aiming to achieve long-term capital appreciation for their investors.

Latest 13F Filing Activity

Conversant Capital LLC filed their most recent 13F report on Jun 30, 2025 disclosing 14 equity positions and 3 options positions with a total 13F market value of $631M. The fund increased holdings in Smartstop Self Storage Reit Inc., James Hardie Industries PLC, Hudson Pacific Properties Inc. among other positions. Conversant Capital LLC reduced exposure to Jones Lang Lasalle Inc., Granite Constr Inc., Digitalbridge Group Inc. among others.

Top Buys
S
SMASmartStop Self Storage REIT Inc
+$36.1M
J
JHXJames Hardie Industries PLC
+$21.5M
H
HPPHudson Pacific Properties Inc
+$21.3M
F
FRFirst Industrial Realty Trust Inc
+$18.8M
S
SNDASonida Senior Living Inc
+$15.4M
Top Sells
J
JLLJONES LANG LASALLE INC
-$27.4M
G
GVAGRANITE CONSTR INC
-$21.5M
D
DBRGDIGITALBRIDGE GROUP INC
-$10.6M
K
KKRKKR & CO INC
-$9.9M
A
ARESARES MANAGEMENT CORPORATION
-$9.7M

Top Holdings

S
SNDASonida Senior Living Inc
+36.6%$231.2M
R
RITMRithm Capital Corp
+7.1%$44.7M
S
SMASmartStop Self Storage REIT Inc
+5.7%$36.1M
S
SILASila Realty Trust Inc
+5.5%$35.0M
G
GNLGlobal Net Lease Inc
+5.2%$32.8M

Equity Positions (14)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
Sonida Senior Living Inc36.61%$231.2M9,264,653$26.03$24.95+$15.4M
Rithm Capital Corp7.08%$44.7M3,960,500$11.34$11.29+$5.8M
SmartStop Self Storage REIT Inc5.72%$36.1M996,356$36.23$36.23+$36.1M
Sila Realty Trust Inc5.54%$35.0M1,477,669$24.33$23.67-$4.5M
Global Net Lease Inc5.19%$32.8M4,343,500$7.84$7.55+$12.2M

Options Positions (3)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
ISHARES TRNew
Put
$64.7M3,000$215.79$215.79+3,000+$64.7M
SELECT SECTOR SPDR TRSold
Put
$24.3M3,000$80.97$81.67-2,500-$20.6M
SL GREEN RLTY CORPNew
Call
$6.6M1,070$61.90$61.90+1,070+$6.6M

Industry Allocation

SERVICES-NURSING & PERSONAL CARE FACILITIES
+43.5%
REAL ESTATE INVESTMENT TRUSTS
+19.2%
NATURAL GAS TRANSMISISON & DISTRIBUTION
+9.4%
FINANCE SERVICES
+5.0%
REAL ESTATE
+3.9%