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Livermore
Livermore
ZHEN

Conversant Capital LLC

SEC CIK
0001850901
Latest filing
Aug 14, 2026

The latest 13F from Conversant Capital LLC covers Q2 2026 (filed Aug 14, 2026): 17 long positions worth $852.5M. The top 10 holdings make up 93.9% of the portfolio, and the largest is Sonida Senior Living, Inc. (SNDA) at 69.9%. Livermore has 21 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
11
Est. +$160.2M
Added
1
Est. +$2.87M
Reduced
2
Est. −$19.4M
Sold out
10
Est. −$156.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. SNDASonida Senior Living, Inc.
    69.9%$595.9MHistory
  2. COMPCompass, Inc.
    3.8%$32.4MHistory
  3. CTRICenturi Holdings, Inc.
    3.4%$28.7MHistory
  4. INVHInvitation Homes Inc.
    3.4%$28.7MHistory
  5. JANJanus Living, Inc.
    2.9%$24.4MHistory

Share of portfolio

Top 5 holdings and the other 12 positions, by share of portfolio value

  1. SNDA69.9%
  2. COMP3.8%
  3. CTRI3.4%
  4. INVH3.4%
  5. JAN2.9%
  6. Other 12 positions16.7%

Biggest buys

New and added positions, by estimated amount bought

  1. COMPCompass, Inc.
    +$32.4MNewHistory
  2. WLDNWilldan Group, Inc.
    +$23.3MNewHistory
  3. NUAINew ERA Energy & Digital, Inc.
    +$22.4MNewHistory
  4. DOCHealthpeak Properties, Inc.
    +$16.1MNewHistory
  5. CURBCurbline Properties Corp.
    +$14.4MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. COMPCompass, Inc.
    +3.80 pp0.0% → 3.8%History
  2. WLDNWilldan Group, Inc.
    +2.73 pp0.0% → 2.7%History
  3. NUAINew ERA Energy & Digital, Inc.
    +2.63 pp0.0% → 2.6%History
  4. DOCHealthpeak Properties, Inc.
    +1.88 pp0.0% → 1.9%History
  5. CURBCurbline Properties Corp.
    +1.69 pp0.0% → 1.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CCICrown Castle Inc.
    −$27.2MSold outHistory
  2. SMASmartStop Self Storage REIT, Inc.
    −$26.0MSold outHistory
  3. WDWalker & Dunlop, Inc.
    −$24.9MSold outHistory
  4. RITMRithm Capital Corp.
    −$23.7MSold outHistory
  5. CDNLCardinal Infrastructure Group Inc.
    −$18.7MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CCICrown Castle Inc.
    −3.75 pp3.7% → 0.0%History
  2. SMASmartStop Self Storage REIT, Inc.
    −3.58 pp3.6% → 0.0%History
  3. WDWalker & Dunlop, Inc.
    −3.43 pp3.4% → 0.0%History
  4. RITMRithm Capital Corp.
    −3.27 pp3.3% → 0.0%History
  5. CDNLCardinal Infrastructure Group Inc.
    −2.58 pp2.6% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$852.5M
+$127.7M (+17.6%) vs. prior quarter
Positions
17
+1 vs. prior quarter
Top 10 concentration
93.9%
Top 10 as share of value
Turnover
20.7%
Q2 2026, one quarter
Average holding period
13.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $852.5M (Q2 2026)

Q4 2021: $459.8MQ1 2022: $461.8MQ2 2022: $437.9MQ3 2022: $385.5MQ4 2022: $427.5MQ1 2023: $362.0MQ2 2023: $289.4MQ3 2023: $329.0MQ4 2023: $233.4MQ1 2024: $427.0MQ2 2024: $455.9MQ3 2024: $535.6MQ4 2024: $476.4MQ1 2025: $490.6MQ2 2025: $525.9MQ3 2025: $478.3MQ4 2025: $526.5MQ1 2026: $724.7MQ2 2026: $852.5M
Q4 2021Q2 2026
13F filings of Conversant Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202617$852.5MSNDACOMPCTRIvs. Q1 2026SEC
Q1 2026May 15, 202616$724.7MSNDAINVHJANvs. Q4 2025SEC
Q4 2025Feb 17, 202613$526.5MSNDARITMCTRIvs. Q3 2025SEC
Q3 2025Nov 14, 20259$478.3MSNDACTRIRITMvs. Q2 2025SEC
Q2 2025Aug 15, 2025Amended14$525.9MSNDARITMSMAvs. Q1 2025SEC
Q1 2025May 15, 202516$490.6MSNDASILARITMvs. Q4 2024SEC
Q4 2024Feb 14, 202511$476.4MSNDATHSILAvs. Q3 2024SEC
Q3 2024Nov 14, 202414$535.6MSNDASILARITMvs. Q2 2024SEC
Q2 2024Aug 14, 202414$455.9MSNDATHNPKIvs. Q1 2024SEC
Q1 2024May 15, 202414$427.0MSNDATHNPKIvs. Q4 2023SEC
Q4 2023Feb 14, 202410$233.4MTHSNDANPKIvs. Q3 2023SEC
Q3 2023Nov 14, 202314$329.0MTHDBRGSNDAvs. Q2 2023SEC
Q2 2023Aug 14, 202316$289.4MTHDBRGBRSPvs. Q1 2023SEC
Q1 2023May 15, 202316$362.0MINDTTHDBRGvs. Q4 2022SEC
Q4 2022Feb 14, 202318$427.5MINDTTHRADIvs. Q3 2022SEC
Q3 2022Nov 14, 202216$385.5MINDTSNDATHvs. Q2 2022SEC
Q2 2022Aug 15, 202217$437.9MRADISNDAINDTvs. Q1 2022SEC
Q1 2022May 20, 2022Amended15$461.8MSNDAINDTRADIvs. Q4 2021SEC
Q4 2021Feb 14, 202216$459.8MSNDAINDTRADI–SEC

13D and 13G filings

Companies where Conversant Capital LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where Conversant Capital LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
SNDASonida Senior Living, Inc.13D/A29.50%14.5M shares−2.80 ppfrom 32.30%Nov 12, 20217 filingsAug 25, 2026SEC
VIPVulcan Infrastructure & Power Inc.13D9.80%3.48M sharesNewSep 11, 20261 filingSep 11, 2026SEC
NUAINew ERA Energy & Digital, Inc.13G5.30%5.39M sharesNewJul 20, 20261 filingJul 20, 2026SEC

Latest filings

31 filings on file made by Conversant Capital LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Conversant Capital LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
VIPVulcan Infrastructure & Power Inc.Sep 11, 20266:53 PM ET13D9.80%3.48M sharesNewSep 10, 2026SEC
SNDASonida Senior Living, Inc.Aug 25, 20269:17 AM ET13D/A29.50%14.5M shares−2.80 ppfrom 32.30%Aug 21, 2026SEC
SNDASonida Senior Living, Inc.Aug 10, 20269:33 PM ET13D/A32.30%15.6M shares0.00 ppfrom 32.30%Aug 10, 2026SEC
NUAINew ERA Energy & Digital, Inc.Jul 20, 20264:58 PM ET13G5.30%5.39M sharesNewJul 13, 2026SEC
SNDASonida Senior Living, Inc.Mar 13, 20267:50 PM ET13D/A32.30%15.6M shares−21.80 ppfrom 54.10%Mar 11, 2026SEC
SNDASonida Senior Living, Inc.Nov 5, 20258:08 AM ET13D/A54.10%11.4M shares–Nov 4, 2025SEC
UHGUnited Homes Group, Inc.May 9, 20255:00 PM ET13D/A0.00%0 shares−5.60 ppfrom 5.60%Below 5%May 8, 2025SEC
UHGUnited Homes Group, Inc.Apr 28, 20254:01 PM ET13D/A5.60%1.22M shares−1.30 ppfrom 6.90%Apr 25, 2025SEC
UHGUnited Homes Group, Inc.Apr 17, 20254:00 PM ET13D/A6.90%1.49M shares–Apr 15, 2025SEC
UHGUnited Homes Group, Inc.Dec 9, 202413D/AOld format–––SEC
SNDASonida Senior Living, Inc.Oct 17, 202413D/AOld format–––SEC
SNDASonida Senior Living, Inc.Aug 21, 202413D/AOld format–––SEC
UHGUnited Homes Group, Inc.Aug 7, 202413D/AOld format–––SEC
THTarget Hospitality Corp.Mar 26, 202413GOld format–New–SEC
YELLQYellow CorpFeb 14, 202413G/AOld format–––SEC
RPCRidgepost Capital, Inc.Feb 14, 202413G/AOld format–––SEC
NPKINPK International Inc.Feb 14, 202413G/AOld format–––SEC
CVEOCiveo CorpFeb 14, 202413G/AOld format–––SEC
UHGUnited Homes Group, Inc.Feb 5, 202413DOld format–New–SEC
YELLQYellow CorpDec 27, 202313GOld format–New–SEC