Fund HoldingsWaterfall Asset Management, LLC

Total Portfolio Value
$185.84M
Total Bought
$50.49M
Total Sold
$810.99M
Net Transaction
-$760.50M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
PENNYMAC CORP(PMT)000079,66742.87%+79,667
AVALONBAY CMNTYS INC063,800+63,800011,6536.27%+11,653
REDWOOD TRUST INC00008,7484.71%+8,748
CAMDEN PPTY TR(CPT)30,500107,000+76,5003,25711,8036.35%+8,547
NATIONAL STORAGE AFFILIATES0297,700+297,70008,4234.53%+8,423
APOLLO COML REAL EST FIN INC(ARI)0569,000+569,00005,5572.99%+5,557
RITHM CAPITAL CORP(RITM)360,573700,425+339,8524,1157,6794.13%+3,564
MILLROSE PPTYS INC(MRP)0105,062+105,06203,1441.69%+3,144
PARK HOTELS & RESORTS INC(PK)122,153367,684+245,5311,3533,8902.09%+2,536
DYNEX CAP INC(DX)150,000277,300+127,3001,8423,8762.09%+2,034
APPLE HOSPITALITY REIT INC(APLE)730,000882,127+152,1278,76710,4925.65%+1,725
AMERICAN ASSETS TR INC314,643406,033+91,3906,3947,7044.15%+1,310
BRIGHTSPIRE CAPITAL INC644,158822,810+178,6523,4984,6502.50%+1,153
GLOBAL NET LEASE INC(GNL)342,259422,227+79,9682,7833,6301.95%+847
FRONTVIEW REIT INC195,000184,197-10,8032,6732,7501.48%+77
FLEXSHOPPER INC1,629,5440-1,629,5441,0450-1,045
UDR INC(UDR)62,0000-62,0002,3100-2,310
LINEAGE INC(LINE)162,409105,000-57,4096,2753,6951.99%-2,581
ELME COMMUNITIES255,0410-255,0414,3000-4,300
RITHM PPTY TR INC0005,5130-5,513
PENNYMAC CORP(PMT)0006,0490-6,049
READY CAPITAL CORP3,908,9833,908,983015,1288,4824.56%-6,645
REDWOOD TRUST INC00026,6070-26,607
SPDR S&P 500 ETF TR(SPY)(Put)1,201,9000-1,201,900800,6820-800,682
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