Waterfall Asset Management, LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Waterfall Asset Management, LLC disclosed 11 US equity positions worth $83.4m in its Q2 2025 13F filing. The largest position was PENNYMAC CORP at 31.2% of the reported book, followed by REDWOOD TRUST INC and RC. Against the Q1 2025 filing, it opened 6 new positions, added to 1 and reduced 1 among the top 11 holdings.
What did Waterfall Asset Management, LLC own in Q2 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PENNYMAC CORP | 31.2% | $26.0m | 26,051,000 | – | new | |
| 2 | REDWOOD TRUST INC | 24.5% | $20.5m | 20,717,000 | -37% | reduced | |
| 3 | RC READY CAPITAL CORP | 20.5% | $17.1m | 3,908,983 | 0% | held | |
| 4 | RITHM PPTY TR INC | 6.6% | $5.5m | 218,613 | -0% | held | |
| 5 | APLE APPLE HOSPITALITY REIT INC | Real Estate | 5.6% | $4.7m | 400,000 | – | new |
| 6 | ELME ELME COMMUNITIES | Real Estate | 3.1% | $2.6m | 162,797 | – | new |
| 7 | FPAYQ FLEXSHOPPER INC | 2.3% | $2.0m | 1,629,544 | 0% | held | |
| 8 | GNL GLOBAL NET LEASE INC | Real Estate | 1.8% | $1.5m | 200,000 | – | new |
| 9 | RITM RITHM CAPITAL CORP | Real Estate | 1.8% | $1.5m | 133,714 | 167% | added |
| 10 | PK PARK HOTELS & RESORTS INC | Real Estate | 1.3% | $1.1m | 110,000 | – | new |
| 11 | BRSP BRIGHTSPIRE CAPITAL INC | 1.2% | $998.9k | 197,800 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.