§ 13F · FUND PROFILE
Waterfall Asset Management, LLC.
Institutional filer · behavioral pattern: Other. Summary pending.
AUM · $225.5T (13F)Positions · 12Turnover · — · Q4Filed · Feb 13, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$28.8T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 13, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | PMT 8.5 06/01/29 | PENNYMAC CORP | 79.07M | $79.7T | 42.9% | — |
| 2 | CPT | CAMDEN PPTY TR | 107K | $11.8T | 6.4% | +251% |
| 3 | AVB | AVALONBAY CMNTYS INC | 64K | $11.7T | 6.3% | NEW |
| 4 | APLE | APPLE HOSPITALITY REIT INC | 882K | $10.5T | 5.6% | +21% |
| 5 | RWT 7.75 06/15/27 | REDWOOD TRUST INC | 8.74M | $8.7T | 4.7% | −67% |
| 6 | RC | READY CAPITAL CORP | 3.91M | $8.5T | 4.6% | ±0% |
| 7 | NSA | NATIONAL STORAGE AFFILIATES | 298K | $8.4T | 4.5% | NEW |
| 8 | AAT | AMERICAN ASSETS TR INC | 406K | $7.7T | 4.1% | +29% |
| 9 | RITM | RITHM CAPITAL CORP | 700K | $7.7T | 4.1% | +94% |
| 10 | ARI | APOLLO COML REAL EST FIN INC | 569K | $5.6T | 3.0% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE WATERFALL SIGNAL
AC read
Waterfall Asset Management, LLC is a Other fund managing $225517.5 trillion in assets. The fund runs a focused portfolio of just 12 positions.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed