On November 14, California-based Global IMC disclosed it sold out its entire position in American Healthcare REIT (NYSE:AHR), a move valued at approximately $8.16 million.
According to a U.S. Securities and Exchange Commission (SEC) filing dated November 14, Global IMC LLC sold all 222,038 shares of American Healthcare REIT (NYSE:AHR). The estimated transaction value, based on quarterly average pricing, was $8.16 million.
Global IMC’s AHR stake previously accounted for 2.1% of fund AUM.
Top holdings after the filing:
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NYSE: KGC: $3.76 million (15.9% of AUM)
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NYSE: HBM: $3.54 million (15.0% of AUM)
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NASDAQ: TSEM: $3.45 million (14.6% of AUM)
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NASDAQ: IREN: $3.45 million (14.6% of AUM)
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NYSE: EGO: $3.33 million (14.1% of AUM)
As of Friday, AHR shares were priced at $48.13, up 77% over the past year and well outperforming the S&P 500, which has climbed 16.5% in the same period.
|
Metric |
Value |
|---|---|
|
Market Capitalization |
$9 billion |
|
Revenue (TTM) |
$2.20 billion |
|
Net Income (TTM) |
$27.26 million |
|
Dividend Yield |
2.1% |
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American Healthcare REIT owns and manages a diversified portfolio of medical office buildings, senior housing communities, skilled nursing facilities, and integrated senior health campuses across the United States and the United Kingdom.
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The company operates as a healthcare-focused real estate investment trust (REIT).
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It serves institutional investors and healthcare operators seeking stable, income-generating real estate assets.
American Healthcare REIT is a leading healthcare-focused REIT that leverages a fully integrated management platform and an experienced team to capitalize on demographic-driven demand for healthcare real estate. Its scale, asset quality, and established operator relationships position it to benefit from long-term sector growth and access to public capital markets.
Global IMC’s AHR position was sold amid a particularly strong run, and that’s certainly notable. In a portfolio where the top holdings each make up more than 14% of assets, a 2.1% position was never a core bet. And when capital is concentrated elsewhere, smaller positions often become sources of liquidity rather than long-term compounders, especially after a stock delivers a clean rally.
That makes the timing understandable, even if the underlying business remains solid. In the third quarter, American Healthcare REIT reported GAAP net income of $55.9 million, or $0.33 per share, alongside normalized funds from operations of $0.44 per share. Meanwhile, same-store NOI grew 16.4% year over year, driven by especially strong performance in senior housing and integrated senior health campuses. Management also raised full-year guidance, now expecting normalized FFO of up to $1.72 per share and same-store NOI growth as high as 15% for 2025.
This exit does not invalidate the story; it highlights how disciplined funds recycle capital after rallies, even in businesses that are executing well. Strong fundamentals do not always mean a stock stays in the portfolio forever.
