Waterfall Asset Management, LLC
Net seller this quarter
$163M
16
-$10.9M
58.1%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 AVBC | $13M | 7.93% | 0.34% | -8.7% | Q4 2025 |
 CPT | $12.8M | 7.83% | 0.11% | -15.2% | Q3 2025 |
 MRP | $12.5M | 7.67% | Not reported | +28.4% | Q4 2025 |
 BRSP | $11.3M | 6.93% | 1.59% | +41.0% | Q2 2025 |
 RITM | $10.6M | 6.48% | 0.20% | +9.9% | Q3 2024 |
 PK | $9.83M | 6.01% | 0.34% | +18.6% | Q2 2025 |
 RC | $6.84M | 4.19% | 2.37% | Not reported | Q4 2023 |
 APLE | $6.32M | 3.87% | 0.16% | -59.8% | Q2 2025 |
 FBRT | $6.17M | 3.78% | 1.00% | New | Q2 2026 |
 DRH | $5.56M | 3.40% | 0.22% | +9.3% | Q1 2026 |
 GNL | $5.1M | 3.12% | 0.27% | +43.4% | Q2 2025 |
 SVC | $4.86M | 2.97% | 2.22% | New | Q2 2026 |
 DX | $4.23M | 2.59% | 0.14% | +9.3% | Q3 2025 |
 ESRT | $3.73M | 2.28% | Not reported | -3.5% | Q1 2026 |
 VNO | $3.18M | 1.95% | 0.04% | -52.5% | Q1 2026 |
 PMT | $2.25M | 1.38% | 0.23% | New | Q2 2026 |
| Q1 2026 | |||||
| CPT | $12.9M | 7.19% | 0.13% | +23.1% | Q3 2025 |
| AVBC | $12.3M | 6.87% | 0.37% | +17.8% | Q4 2025 |
| APLE | $10.8M | 6.02% | 0.40% | +6.1% | Q2 2025 |
| RITM | $9.73M | 5.44% | 0.18% | +46.5% | Q3 2024 |
| MRP | $9.1M | 5.09% | Not reported | +209.4% | Q4 2025 |
| BRSP | $8.25M | 4.61% | 1.15% | +79.0% | Q2 2025 |
| RC | $6.33M | 3.54% | 2.37% | Not reported | Q4 2023 |
| PK | $6.12M | 3.43% | 0.29% | +58.2% | Q2 2025 |
 AAT | $5.14M | 2.88% | 0.46% | -31.2% | Q3 2025 |
 IVT | $5.02M | 2.81% | 0.21% | New | Q1 2026 |
| VNO | $4.43M | 2.48% | 0.09% | New | Q1 2026 |
| DRH | $3.91M | 2.19% | 0.20% | New | Q1 2026 |
| DX | $3.76M | 2.11% | 0.14% | +6.4% | Q3 2025 |
| GNL | $3.72M | 2.08% | 0.19% | -5.8% | Q2 2025 |
| ESRT | $3.72M | 2.08% | Not reported | New | Q1 2026 |
 KREF | $3.05M | 1.71% | 0.74% | New | Q1 2026 |
 LINE | $2.74M | 1.53% | 0.04% | -20.4% | Q3 2025 |
| Q4 2025 | |||||
| CPT | $11.8M | 6.35% | 0.10% | +250.8% | Q3 2025 |
| AVBC | $11.7M | 6.27% | 0.32% | New | Q4 2025 |
| APLE | $10.5M | 5.65% | 0.37% | +20.8% | Q2 2025 |
| RC | $8.48M | 4.56% | 2.40% | Not reported | Q4 2023 |
| NSA | $8.42M | 4.53% | 0.39% | New | Q4 2025 |
| AAT | $7.7M | 4.15% | 0.66% | +29.1% | Q3 2025 |
| RITM | $7.68M | 4.13% | 0.13% | +94.3% | Q3 2024 |
 ARI | $5.56M | 2.99% | 0.41% | New | Q4 2025 |
| BRSP | $4.65M | 2.50% | 0.63% | +27.7% | Q2 2025 |
| PK | $3.89M | 2.09% | 0.18% | +201.0% | Q2 2025 |
| DX | $3.88M | 2.09% | 0.16% | +84.9% | Q3 2025 |
| LINE | $3.69M | 1.99% | 0.05% | -35.4% | Q3 2025 |
| GNL | $3.63M | 1.95% | 0.20% | +23.4% | Q2 2025 |
| MRP | $3.14M | 1.69% | Not reported | New | Q4 2025 |
 FVR | $2.75M | 1.48% | 0.83% | -5.5% | Q3 2025 |
| Q3 2025 | |||||
| RC | $15.1M | 1.68% | 2.42% | Not reported | Q4 2023 |
| APLE | $8.77M | 0.97% | 0.31% | +82.5% | Q2 2025 |
| AAT | $6.39M | 0.71% | 0.51% | New | Q3 2025 |
| LINE | $6.28M | 0.70% | 0.07% | New | Q3 2025 |
 ELME | $4.3M | 0.48% | 0.29% | +56.7% | Q2 2025 |
| RITM | $4.11M | 0.46% | 0.07% | +169.7% | Q3 2024 |
| BRSP | $3.5M | 0.39% | 0.50% | +225.7% | Q2 2025 |
| CPT | $3.26M | 0.36% | 0.03% | New | Q3 2025 |
| GNL | $2.78M | 0.31% | 0.16% | +71.1% | Q2 2025 |
| FVR | $2.67M | 0.30% | 0.92% | New | Q3 2025 |
 UDR | $2.31M | 0.26% | 0.02% | New | Q3 2025 |
| DX | $1.84M | 0.20% | 0.10% | New | Q3 2025 |
| PK | $1.35M | 0.15% | 0.06% | +11.1% | Q2 2025 |
| FPAY | $1.04M | 0.12% | 7.59% | Not reported | Q4 2023 |