Filed: 8/12/2026ACC: 0001570717-26-000005
📋 What this filing means
WATERFALL ASSET MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 18 equity positions with a total reported market value of $163.43M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
18
Positions
$163.43M
Total AUM (reported)
55.89M
Total Shares
Allocation by class
NOTE 8.500% 6/0$41.69M25.5%
COM$41.67M25.5%
COM CL A$23.86M14.6%
COM NEW$22.00M13.5%
SH BEN INT$15.97M9.8%
COMMON STOCK$6.17M3.8%
COM SH BEN INT$4.86M3.0%
Portfolio Concentration
Top 3$67.43M41.3%
4–10$63.60M38.9%
11–25$32.39M19.8%
Top 3 weight
41.3%
Top 10 weight
80.2%
Voting Authority Distribution
Total shares with voting rights: 14.73M
Sole
Full voting authority
14.73M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole18
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings18
Rows:
PENNYMAC CORP
SOLEShares41.02M
TypePRN
Market value$41.69M
25.51%
Sole
0.00
Shared
0.00
None
0.00
AVALONBAY CMNTYS INC
SOLEShares68.65K
TypeSH
Market value$12.95M
7.93%
Sole
68.65K
Shared
0.00
None
0.00
CAMDEN PPTY TR
SOLEShares111.70K
TypeSH
Market value$12.79M
7.83%
Sole
111.70K
Shared
0.00
None
0.00
MILLROSE PPTYS INC
SOLEShares417.36K
TypeSH
Market value$12.54M
7.67%
Sole
417.36K
Shared
0.00
None
0.00
BRIGHTSPIRE CAPITAL INC
SOLEShares2.08M
TypeSH
Market value$11.32M
6.93%
Sole
2.08M
Shared
0.00
None
0.00
RITHM CAPITAL CORP
SOLEShares1.13M
TypeSH
Market value$10.59M
6.48%
Sole
1.13M
Shared
0.00
None
0.00
PARK HOTELS & RESORTS INC
SOLEShares689.62K
TypeSH
Market value$9.83M
6.01%
Sole
689.62K
Shared
0.00
None
0.00
READY CAPITAL CORP
SOLEShares3.91M
TypeSH
Market value$6.84M
4.19%
Sole
3.91M
Shared
0.00
None
0.00
APPLE HOSPITALITY REIT INC
SOLEShares375.94K
TypeSH
Market value$6.32M
3.87%
Sole
375.94K
Shared
0.00
None
0.00
FRANKLIN BSP RLTY TR INC
SOLEShares758K
TypeSH
Market value$6.17M
3.78%
Sole
758K
Shared
0.00
None
0.00
DIAMONDROCK HOSPITALITY CO
SOLEShares456.80K
TypeSH
Market value$5.56M
3.40%
Sole
456.80K
Shared
0.00
None
0.00
GLOBAL NET LEASE INC
SOLEShares570.03K
TypeSH
Market value$5.10M
3.12%
Sole
570.03K
Shared
0.00
None
0.00
SERVICE PPTYS TR
SOLEShares2.88M
TypeSH
Market value$4.86M
2.97%
Sole
2.88M
Shared
0.00
None
0.00
DYNEX CAP INC
SOLEShares322.50K
TypeSH
Market value$4.23M
2.59%
Sole
322.50K
Shared
0.00
None
0.00
EMPIRE ST RLTY TR INC
SOLEShares689.53K
TypeSH
Market value$3.73M
2.28%
Sole
689.53K
Shared
0.00
None
0.00
RITHM PPTY TR INC
SOLEShares139.48K
TypePRN
Market value$3.48M
2.13%
Sole
0.00
Shared
0.00
None
0.00
VORNADO RLTY TR
SOLEShares81K
TypeSH
Market value$3.18M
1.95%
Sole
81K
Shared
0.00
None
0.00
PENNYMAC MTG INVT TR
SOLEShares199.68K
TypeSH
Market value$2.25M
1.38%
Sole
199.68K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PENNYMAC CORPSOLE | NOTE 8.500% 6/0 | 41.02M | PRN | $41.69M 25.51% | 0.00 | 0.00 | 0.00 |
AVALONBAY CMNTYS INCSOLE | COM | 68.65K | SH | $12.95M 7.93% | 68.65K | 0.00 | 0.00 |
CAMDEN PPTY TRSOLE | SH BEN INT | 111.70K | SH | $12.79M 7.83% | 111.70K | 0.00 | 0.00 |
MILLROSE PPTYS INCSOLE | COM CL A | 417.36K | SH | $12.54M 7.67% | 417.36K | 0.00 | 0.00 |
BRIGHTSPIRE CAPITAL INCSOLE | COM CL A | 2.08M | SH | $11.32M 6.93% | 2.08M | 0.00 | 0.00 |
RITHM CAPITAL CORPSOLE | COM NEW | 1.13M | SH | $10.59M 6.48% | 1.13M | 0.00 | 0.00 |
PARK HOTELS & RESORTS INCSOLE | COM | 689.62K | SH | $9.83M 6.01% | 689.62K | 0.00 | 0.00 |
READY CAPITAL CORPSOLE | COM | 3.91M | SH | $6.84M 4.19% | 3.91M | 0.00 | 0.00 |
APPLE HOSPITALITY REIT INCSOLE | COM NEW | 375.94K | SH | $6.32M 3.87% | 375.94K | 0.00 | 0.00 |
FRANKLIN BSP RLTY TR INCSOLE | COMMON STOCK | 758K | SH | $6.17M 3.78% | 758K | 0.00 | 0.00 |
DIAMONDROCK HOSPITALITY COSOLE | COM | 456.80K | SH | $5.56M 3.40% | 456.80K | 0.00 | 0.00 |
GLOBAL NET LEASE INCSOLE | COM NEW | 570.03K | SH | $5.10M 3.12% | 570.03K | 0.00 | 0.00 |
SERVICE PPTYS TRSOLE | COM SH BEN INT | 2.88M | SH | $4.86M 2.97% | 2.88M | 0.00 | 0.00 |
DYNEX CAP INCSOLE | COM | 322.50K | SH | $4.23M 2.59% | 322.50K | 0.00 | 0.00 |
EMPIRE ST RLTY TR INCSOLE | CL A | 689.53K | SH | $3.73M 2.28% | 689.53K | 0.00 | 0.00 |
RITHM PPTY TR INCSOLE | 9.875 FXD-FLT C | 139.48K | PRN | $3.48M 2.13% | 0.00 | 0.00 | 0.00 |
VORNADO RLTY TRSOLE | SH BEN INT | 81K | SH | $3.18M 1.95% | 81K | 0.00 | 0.00 |
PENNYMAC MTG INVT TRSOLE | COM | 199.68K | SH | $2.25M 1.38% | 199.68K | 0.00 | 0.00 |