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Waterfall Asset Management, LLC

Portfolio Profile

CIK: 0001570717 | NEW YORK, NY

Investment Profile

Style

Yield

Turnover

Medium

Orientation

Concentrated trader
$163.4M
AUM
18
Positions
80.18%
Top 10 Conc.
100%
Top 25 Conc.

Top Holdings

#SecuritySharesValue% of Portfolio
1Pennymac Corp41,022,000$41.7M25.51%
2Avalonbay Cmntys Inc(AVB)68,650$13.0M7.93%
3Camden Ppty TR(CPT)111,704$12.8M7.83%
4Millrose Pptys Inc(MRP)417,361$12.5M7.67%
5Brightspire Capital Inc(BRSP)2,076,586$11.3M6.93%
6

Sector Allocation

Latest filing, equity positions only

Real Estate72.36% · $118.3M
Unclassified27.64% · $45.2M

Sector Rotation

Quarter-over-quarter weight changes

SectorPrev %Curr %Change
Real Estate62.05%72.36%+10.31%
Unclassified37.95%27.64%-10.31%

Cap Size Rotation

Quarter-over-quarter weight changes by market cap

AUM History

$176.7M | 7 pos.
$145.7M | 5 pos.
$116.3M | 5 pos.
$881.3M | 6 pos.
$662.0M | 5 pos.
$189.4M | 6 pos.
Rithm Capital Corp(RITM)
1,127,584
$10.6M
6.48%
7Park Hotels & Resorts Inc(PK)689,616$9.8M6.01%
8Ready Capital Corp(RC)3,908,983$6.8M4.19%
9Apple Hospitality REIT Inc(APLE)375,944$6.3M3.87%
10Franklin BSP Rlty TR Inc(FBRT)758,000$6.2M3.78%
Cap SizePrev %Curr %Change
Mid Cap30.99%31.69%+0.7%
Unclassified37.95%27.64%-10.31%
Small Cap13.46%20.74%+7.28%
Large Cap14.06%15.75%+1.69%
Micro Cap3.54%4.19%+0.65%
$225.5M | 12 pos.
$902.6M | 18 pos.
$185.8M | 17 pos.
$178.8M | 20 pos.
$163.4M | 18 pos.
Q4
23
Q1
24
Q2
24
Q3
24
Q4
24
Q1
25
Q2
25
Q3
25
Q4
25
Q1
26
Q2
26

Recent Activity

Quarter-over-quarter position changes

3
New
5
Closed
7
Increased
6
Decreased
2
Unchanged