Waterfall Asset Management, LLC

CIK: 0001570717SEC EDGAR →

Portfolio Value

$185.8M

Holdings

17

As of

Q4 2025

New Positions

6

Closed Positions

0

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

PENNYMAC CORP

79,074,000$79.7M
42.87%
2

CAMDEN PPTY TR

107,000$11.8M
6.35%
3

AVALONBAY CMNTYS INC

63,800$11.7M
6.27%
4

APPLE HOSPITALITY REIT INC

882,127$10.5M
5.65%
5

REDWOOD TRUST INC

8,743,000$8.7M
4.71%
6

READY CAPITAL CORP

3,908,983$8.5M
4.56%
7

NATIONAL STORAGE AFFILIATES

297,700$8.4M
4.53%
8

AMERICAN ASSETS TR INC

406,033$7.7M
4.14%
9

RITHM CAPITAL CORP

700,425$7.7M
4.13%
10

APOLLO COML REAL EST FIN INC

569,000$5.6M
2.99%

Quarterly Changes

Top Buys

PMT 8.5 06/01/29↑ Increased
$73.6M
AVBNEW
$11.7M
CPT↑ Increased
$8.5M
NSANEW
$8.4M
ARINEW
$5.6M

Top Sells

SPYCLOSED
$800.7M
RWT 7.75 06/15/27↓ Decreased
$17.9M
$5.5M
ELMECLOSED
$4.3M
LINE↓ Decreased
$2.6M

New Positions (4)

$11.7M · 64K shares
$8.4M · 298K shares
$5.6M · 569K shares
$3.1M · 105K shares

Closed Positions (5)

$800.7M · 1.2M shares
$5.5M · 219K shares
$4.3M · 255K shares
$2.3M · 62K shares
$1.0M · 1.6M shares

Sector Breakdown

Sector# HoldingsValue%
Real Estate14$93.5M50.3%
Unknown3$92.3M49.7%