Why One Fund Sold All Its Stock in a Healthcare REIT Up 77% Over the Past Year

3 hours ago 3

Jonathan Ponciano, The Motley Fool

Sat, December 20, 2025 astatine 5:03 PM CST 5 min read

California-based Global IMC exited a involvement successful American Healthcare REIT during the 3rd quarter.
The steadfast sold 222,038 shares, reducing the presumption worth by $8.16 million.
AHR antecedently represented 2.1% of AUM successful the anterior quarter.
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On November 14, California-based Global IMC disclosed it sold retired its full presumption successful American Healthcare REIT (NYSE:AHR), a determination valued astatine astir $8.16 million.

According to a U.S. Securities and Exchange Commission (SEC) filing dated November 14, Global IMC LLC sold each 222,038 shares of American Healthcare REIT (NYSE:AHR). The estimated transaction value, based connected quarterly mean pricing, was $8.16 million.

Global IMC's AHR involvement antecedently accounted for 2.1% of money AUM.

Top holdings aft the filing:

NYSE: KGC: $3.76 cardinal (15.9% of AUM)
NYSE: HBM: $3.54 cardinal (15.0% of AUM)
NASDAQ: TSEM: $3.45 cardinal (14.6% of AUM)
NASDAQ: IREN: $3.45 cardinal (14.6% of AUM)
NYSE: EGO: $3.33 cardinal (14.1% of AUM)

As of Friday, AHR shares were priced astatine $48.13, up 77% implicit the past twelvemonth and good outperforming the S&P 500, which has climbed 16.5% successful the aforesaid period.

Metric

Value

Market Capitalization	$9 billion
Revenue (TTM)	$2.20 billion
Net Income (TTM)	$27.26 million
Dividend Yield	2.1%

American Healthcare REIT owns and manages a diversified portfolio of aesculapian bureau buildings, elder lodging communities, skilled nursing facilities, and integrated elder wellness campuses crossed the United States and the United Kingdom.
The institution operates arsenic a healthcare-focused existent property concern spot (REIT).
It serves organization investors and healthcare operators seeking stable, income-generating existent property assets.

American Healthcare REIT is simply a starring healthcare-focused REIT that leverages a afloat integrated absorption level and an experienced squad to capitalize connected demographic-driven request for healthcare existent estate. Its scale, plus quality, and established relation relationships presumption it to payment from semipermanent assemblage maturation and entree to nationalist superior markets.

Global IMC’s AHR presumption was sold amid a peculiarly beardown run, and that’s surely notable. In a portfolio wherever the apical holdings each marque up much than 14% of assets, a 2.1% presumption was ne'er a halfway bet. And erstwhile superior is concentrated elsewhere, smaller positions often go sources of liquidity alternatively than semipermanent compounders, particularly aft a banal delivers a cleanable rally.

That makes the timing understandable, adjacent if the underlying concern remains solid. In the 3rd quarter, American Healthcare REIT reported GAAP nett income of $55.9 million, oregon $0.33 per share, alongside normalized funds from operations of $0.44 per share. Meanwhile, same-store NOI grew 16.4% twelvemonth implicit year, driven by particularly beardown show successful elder lodging and integrated elder wellness campuses. Management besides raised full-year guidance, present expecting normalized FFO of up to $1.72 per stock and same-store NOI maturation arsenic precocious arsenic 15% for 2025.

This exit does not invalidate the story; it highlights however disciplined funds recycle superior aft rallies, adjacent successful businesses that are executing well. Strong fundamentals bash not ever mean a banal stays successful the portfolio forever.