Waterfall Asset Management, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Waterfall Asset Management, LLC disclosed 17 US equity positions worth $101.9m in its Q3 2025 13F filing. The largest position was REDWOOD TRUST INC at 26.1% of the reported book, followed by RC and APLE. Against the Q2 2025 filing, it opened 6 new positions, added to 7 and reduced 1 among the top 17 holdings.
What did Waterfall Asset Management, LLC own in Q3 2025? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | REDWOOD TRUST INC | 26.1% | $26.6m | 26,563,000 | 28% | added | |
| 2 | RC READY CAPITAL CORP | 14.8% | $15.1m | 3,908,983 | 0% | held | |
| 3 | APLE APPLE HOSPITALITY REIT INC | Real Estate | 8.6% | $8.8m | 730,000 | 82% | added |
| 4 | AAT AMERICAN ASSETS TR INC | 6.3% | $6.4m | 314,643 | – | new | |
| 5 | LINE LINEAGE INC | 6.2% | $6.3m | 162,409 | – | new | |
| 6 | PENNYMAC CORP | 5.9% | $6.0m | 5,901,000 | -77% | reduced | |
| 7 | RITHM PPTY TR INC | 5.4% | $5.5m | 218,613 | 0% | held | |
| 8 | ELME ELME COMMUNITIES | Real Estate | 4.2% | $4.3m | 255,041 | 57% | added |
| 9 | RITM RITHM CAPITAL CORP | Real Estate | 4.0% | $4.1m | 360,573 | 170% | added |
| 10 | BRSP BRIGHTSPIRE CAPITAL INC | 3.4% | $3.5m | 644,158 | 226% | added | |
| 11 | CPT CAMDEN PPTY TR | Real Estate | 3.2% | $3.3m | 30,500 | – | new |
| 12 | GNL GLOBAL NET LEASE INC | Real Estate | 2.7% | $2.8m | 342,259 | 71% | added |
| 13 | FVR FRONTVIEW REIT INC | 2.6% | $2.7m | 195,000 | – | new | |
| 14 | UDR UDR INC | Real Estate | 2.3% | $2.3m | 62,000 | – | new |
| 15 | DX DYNEX CAP INC | Real Estate | 1.8% | $1.8m | 150,000 | – | new |
| 16 | PK PARK HOTELS & RESORTS INC | Real Estate | 1.3% | $1.4m | 122,153 | 11% | added |
| 17 | FPAYQ FLEXSHOPPER INC | 1.0% | $1.0m | 1,629,544 | 0% | held |
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.