13F HOLDINGS REPORT
WATERFALL ASSET MANAGEMENT, LLC
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001570717-25-000005
Total Value
$902.6M
Positions
18
Other Managers
0
Confidential Omitted
No
Holdings (18)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 1,201,900 | $800.7M | 88.71% |
| 2 | REDWOOD TRUST INC | RWTQ | 26,563,000 | $26.6M | 2.95% |
| 3 | READY CAPITAL CORP | RC-PE | 3,908,983 | $15.1M | 1.68% |
| 4 | APPLE HOSPITALITY REIT INC | APLE | 730,000 | $8.8M | 0.97% |
| 5 | AMERICAN ASSETS TR INC | AAT | 314,643 | $6.4M | 0.71% |
| 6 | LINEAGE INC | LINE | 162,409 | $6.3M | 0.70% |
| 7 | PENNYMAC CORP | 70932AAH6 | 5,901,000 | $6.0M | 0.67% |
| 8 | RITHM PPTY TR INC | 38983D862 | 218,613 | $5.5M | 0.61% |
| 9 | ELME COMMUNITIES | ELME | 255,041 | $4.3M | 0.48% |
| 10 | RITHM CAPITAL CORP | RITM-PF | 360,573 | $4.1M | 0.46% |
| 11 | BRIGHTSPIRE CAPITAL INC | BRSP | 644,158 | $3.5M | 0.39% |
| 12 | CAMDEN PPTY TR | 133131102 | 30,500 | $3.3M | 0.36% |
| 13 | GLOBAL NET LEASE INC | GNL-PE | 342,259 | $2.8M | 0.31% |
| 14 | FRONTVIEW REIT INC | FVR | 195,000 | $2.7M | 0.30% |
| 15 | UDR INC | UDR | 62,000 | $2.3M | 0.26% |
| 16 | DYNEX CAP INC | DX-PC | 150,000 | $1.8M | 0.20% |
| 17 | PARK HOTELS & RESORTS INC | PK | 122,153 | $1.4M | 0.15% |
| 18 | FLEXSHOPPER INC | FLEX | 1,629,544 | $1.0M | 0.12% |