WATERFALL ASSET MANAGEMENT, LLC
CIK 1570717 · Holdings on Sep 30, 2025 · First reported Nov 12, 2025
Top ten holdings
Q3 2025- 758075AF226.11%
- RC14.84%
- APLE8.60%
- AAT6.27%
- LINE6.16%
- 70932AAH65.94%
- 38983D8625.41%
- ELME4.22%
- RITM4.04%
- BRSP3.43%
Share classes counted separately85.02%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- 70932AAH6Weight decreased · -25.28 pp31.22% → 5.94%Shares -20.15M (-77.35%)
- RCWeight decreased · -5.64 pp20.48% → 14.84%Shares 0 (0.00%)
- APLEWeight increased · +3.00 pp5.60% → 8.60%Shares +330.00K (+82.50%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 17
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | 758075AF2REDWOOD TRUST INCNOTE 7.750% 6/1 View history and evidence | $26.61M | 26.11% | 26.56M principal (USD) | 24.55% → 26.11%+1.56 pp +5.85M (+28.22%) | Added | ↗▾ |
| 02 | RCREADY CAPITAL CORP View history and evidence | $15.13M | 14.84% | 3.91M shares | 20.48% → 14.84%-5.64 pp 0 (0.00%) | Unchanged | ↗▾ |
| 03 | APLEAPPLE HOSPITALITY REIT INCCOM NEW View history and evidence | $8.77M | 8.60% | 730.00K shares | 5.60% → 8.60%+3.00 pp +330.00K (+82.50%) | Added | ↗▾ |
| 04 | AATAMERICAN ASSETS TRUST INC View history and evidence | $6.39M | 6.27% | 314.64K shares | Prior unavailable +314.64K | New | ↗▾ |
| 05 | LINELINEAGE INC View history and evidence | $6.28M | 6.16% | 162.41K shares | Prior unavailable +162.41K | New | ↗▾ |
| 06 | 70932AAH6PENNYMAC CORPNOTE 8.500% 6/0 View history and evidence | $6.05M | 5.94% | 5.90M principal (USD) | 31.22% → 5.94%-25.28 pp -20.15M (-77.35%) | Reduced | ↗▾ |
| 07 | 38983D862RITHM PROPERTY TRUST9.875 FXD-FLT C View history and evidence | $5.51M | 5.41% | 218.61K principal (USD) | 6.55% → 5.41%-1.14 pp 0 (0.00%) | Unchanged | ↗▾ |
| 08 | ELMEELME COMMUNITIESSH BEN INT View history and evidence | $4.30M | 4.22% | 255.04K shares | 3.10% → 4.22%+1.12 pp +92.24K (+56.66%) | Added | ↗▾ |
| 09 | RITMRITHM CAPITAL CORPCOM NEW View history and evidence | $4.11M | 4.04% | 360.57K shares | 1.81% → 4.04%+2.23 pp +226.86K (+169.66%) | Added | ↗▾ |
| 10 | BRSPBRIGHTSPIRE CAPITAL INCCOM CL A View history and evidence | $3.50M | 3.43% | 644.16K shares | 1.20% → 3.43%+2.23 pp +446.36K (+225.66%) | Added | ↗▾ |
Options overlay 1
$800.68M notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
SPYSS SPDR S&P 500 ETF TRUST-USTR UNIT View history and evidence | Put | 1.20M | $800.68M | +971.90K (+422.57%) | ▾ |
1 / 1 options · preview only
Exited positions 0
No exits reported this quarter.
Every number has a source.
CIK 1570717 · Period 2025-09-30
Data loaded 2026-09-23 · First reported 2025-11-12
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 902591079
}Take these holdings further.
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