Waterfall Asset Management, Llc
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$178.8M
Q ending 2026-03-31
Prior quarter
$185.8M
Q ending 2025-12-31
Change
-3.8% QoQ · -5.6% YoY
Positions
20
reported holdings
Largest positions
All 20 reported positions, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| Pennymac Corp | PMT 8.5 06/01/29 | Principal | $61.6M | 59.3M |
| Camden Ppty Tr | CPT | Shares | $12.9M | 132K |
| Avalonbay Cmntys Inc | AVB | Shares | $12.3M | 75K |
| Apple Hospitality Reit Inc | APLE | Shares | $10.8M | 936K |
| Rithm Capital Corp | RITM | Shares | $9.7M | 1.0M |
| Millrose Pptys Inc | MRP | Shares | $9.1M | 325K |
| Brightspire Capital Inc | BRSP | Shares | $8.2M | 1.5M |
| Ready Capital Corp | RC | Shares | $6.3M | 3.9M |
| Park Hotels & Resorts Inc | PK | Shares | $6.1M | 582K |
| American Assets Tr Inc | AAT | Shares | $5.1M | 279K |
| Inventrust Pptys Corp | IVT | Shares | $5.0M | 165K |
| Vornado Rlty Tr | VNO | Shares | $4.4M | 171K |
| Diamondrock Hospitality Co | DRH | Shares | $3.9M | 418K |
| Dynex Cap Inc | DX | Shares | $3.8M | 295K |
| Global Net Lease Inc | GNL | Shares | $3.7M | 398K |
| Empire St Rlty Tr Inc | ESRT | Shares | $3.7M | 715K |
| Rithm Ppty Tr Inc | RPT V9.875 PERP | Principal | $3.5M | 139K |
| Kkr Real Estate Fin Tr Inc | KREF | Shares | $3.1M | 475K |
| Redwood Trust Inc | RWT 7.75 06/15/27 | Principal | $2.8M | 2.7M |
| Lineage Inc | LINE | Shares | $2.7M | 84K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.