Largest positions
| Issuer | Class | Value | Share |
|---|---|---|---|
| Pennymac Corp.NOTE 8.500% 6/0 | NOTE 8.500% 6/0 | $41,690,232 | 25.5% |
| Avalonbay Cmntys Inc.COM | COM | $12,953,569 | 7.9% |
| Camden Ppty TRSH BEN INT | SH BEN INT | $12,788,991 | 7.8% |
| Millrose Pptys Inc.COM CL A | COM CL A | $12,541,698 | 7.7% |
| Brightspire Capital Inc.COM CL A | COM CL A | $11,317,394 | 6.9% |
| Rithm Capital Corp.COM NEW | COM NEW | $10,587,464 | 6.5% |
| Park Hotels & Resorts Inc.COM | COM | $9,827,028 | 6.0% |
| Ready Capital Corp.COM | COM | $6,840,720 | 4.2% |
| Apple Hospitality REIT Inc.COM NEW | COM NEW | $6,319,619 | 3.9% |
| Franklin Bsp Rlty TR Inc.COMMON STOCK | COMMON STOCK | $6,170,120 | 3.8% |
| Diamondrock Hospitality COCOM | COM | $5,563,873 | 3.4% |
| Global Net Lease Inc.COM NEW | COM NEW | $5,096,059 | 3.1% |
| Service Pptys TRCOM SH BEN INT | COM SH BEN INT | $4,858,750 | 3.0% |
| Dynex Cap Inc.COM | COM | $4,227,975 | 2.6% |
| Empire ST Rlty TR Inc.CL A | CL A | $3,730,384 | 2.3% |
| Rithm Ppty TR Inc.9.875 FXD-FLT C | 9.875 FXD-FLT C | $3,475,652 | 2.1% |
| Vornado Rlty TRSH BEN INT | SH BEN INT | $3,183,300 | 1.9% |
| Pennymac Mtg Invt TRCOM | COM | $2,252,413 | 1.4% |
- Class
- NOTE 8.500% 6/0
- Share
- 25.5%
- Class
- COM
- Share
- 7.9%
- Class
- SH BEN INT
- Share
- 7.8%
- Class
- COM CL A
- Share
- 7.7%
- Class
- COM CL A
- Share
- 6.9%
- Class
- COM NEW
- Share
- 6.5%
- Class
- COM
- Share
- 6.0%
- Class
- COM
- Share
- 4.2%
- Class
- COM NEW
- Share
- 3.9%
- Class
- COMMON STOCK
- Share
- 3.8%
- Class
- COM
- Share
- 3.4%
- Class
- COM NEW
- Share
- 3.1%
- Class
- COM SH BEN INT
- Share
- 3.0%
- Class
- COM
- Share
- 2.6%
- Class
- CL A
- Share
- 2.3%
- Class
- 9.875 FXD-FLT C
- Share
- 2.1%
- Class
- SH BEN INT
- Share
- 1.9%
- Class
- COM
- Share
- 1.4%
The share class is shown on a wider screen.
The 18 largest of 18 positions by value, with holdings of the same security combined. Share counts and quarter-on-quarter changes for each position are on EDGAR. View the full information table on EDGAR
This filing
- Form
- 13F-HR
- CIK
- 1570717
- File number
- 028-23794
- Options
- 0 call, 0 put
- In the 25 largest
- 100.0%
- Prior quarter
- $178,814,295 at 31 March 2026
- Positions opened
- 3
- Positions closed
- 5
Common questions
What are Waterfall Asset Management’s 13F holdings worth?
$163,425,241 across 18 positions for the quarter ended 30 June 2026.
What is Waterfall Asset Management’s largest 13F holding?
PENNYMAC CORP (NOTE 8.500% 6/0) was the largest position at $41,690,232, or 25.5% of reported 13F value, as of 30 June 2026.
How concentrated is Waterfall Asset Management’s 13F portfolio?
The ten largest positions accounted for 80.2% of reported value and the twenty-five largest for 100.0%, across 18 positions as of 30 June 2026.
Does Form 13F show everything Waterfall Asset Management manages?
No. Form 13F covers only long positions in exchange-traded securities over which the manager has investment discretion, valued at quarter end. It excludes cash, most bonds, private funds, and any assets the firm does not have discretion over, so it is neither the firm's total assets nor any individual client's portfolio.
How often does Waterfall Asset Management file its 13F?
Every quarter. Managers file within 45 days of each quarter's end, so the figures are a snapshot that changes between filings. This page shows the quarter ended 30 June 2026.
Answered from this filing and the prior quarter's.