13F

Investor

WATERFALL ASSET MANAGEMENT, LLC

CIK 0001570717 · filed 2026-05-08 · SEC filing

13F book

$178.8M

Positions

20

6 new · 3 sold

Largest name

34.5%

Pennymac Corp

Est. mark

−$4.88M

Price effect on 14 names still held. Flow −$2.15M.
NameTickerSharesValueWeightEst. markChange
Pennymac Corp59.3M$61.6M34.5%$1.86MCut−$18M
Camden Ppty Tr131.7K$12.9M7.2%−$1.35MAdded$1.06M
Avalonbay Cmntys Inc75.2K$12.3M6.9%−$1.23MAdded$622.9K
Apple Hospitality REIT, Inc.APLE935.5K$10.8M6.0%−$338.8KAdded$275.7K
Rithm Capital Corp1.03M$9.73M5.4%−$1.04MAdded$2.06M
Millrose Pptys Inc325K$9.1M5.1%−$202.2KAdded$5.96M
BrightSpire Capital, Inc.BRSP1.47M$8.25M4.6%−$42.6KAdded$3.6M
Ready Capital Corp3.91M$6.33M3.5%−$2.15MHeld
Park Hotels & Resorts Inc.PK581.6K$6.12M3.4%−$17.9KAdded$2.24M
American Assets Tr Inc279.3K$5.14M2.9%−$157.4KCut−$2.56M
Inventrust Pptys Corp165K$5.02M2.8%New
Vornado Rlty Tr170.5K$4.43M2.5%New
Diamondrock Hospitality CoDRH417.8K$3.91M2.2%New
Dynex Cap Inc295K$3.76M2.1%−$337.6KAdded−$111.7K
Global Net Lease Inc397.6K$3.72M2.1%$303.5KCut$91.9K
Empire St Rlty Tr Inc714.5K$3.72M2.1%New
Rithm Ppty Tr Inc139.5K$3.46M1.9%New
Kkr Real Estate Fin Tr Inc475.2K$3.05M1.7%New
Redwood Trust Inc2.74M$2.78M1.6%$32.7KCut−$5.97M
Lineage, Inc.LINE83.6K$2.74M1.5%−$203KCut−$956.1K

Positions as of Q1 2026. 13F filings arrive up to 45 days after quarter-end and omit shorts. Values are quarter-end marks, as filed. Estimated mark is the price effect on shares still held — not realized P&L or investment advice.