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WAM

Waterfall Asset Management Portfolio holdings

AUM $179M
1-Year Est. Return 12.99%
This Fund
S&P 500
This Quarter Est. Return
-4.24%
1 Year Est. Return
-12.99%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$226M
AUM Growth
+$36.1M
Cap. Flow
-$20.9M
Cap. Flow %
-9.25%
Top 10 Hldgs %
99.06%
Holding
12
New
5
Increased
1
Reduced
–
Closed
–

Top Buys

Rank Stock Value
1
APLE icon
Apple Hospitality REIT
APLE
+$4.69M
2
ELME
Elme Communities
ELME
+$2.59M
3
GNL icon
Global Net Lease
GNL
+$1.52M
4
PK icon
Park Hotels & Resorts
PK
+$1.12M
5
BRSP
BrightSpire Capital
BRSP
+$999K

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Real Estate 13.07%
2 Industrials 0.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$142M 63.01%
230,000
– –
RC
2
Ready Capital
RC
$265M
$17.1M 7.57%
3,908,983
– –
RPT.PRC
3
Rithm Property Trust 9.875% Series C Preferred Stock
RPT.PRC
$52M
– –
0
– –
APLE icon
4
Apple Hospitality REIT
APLE
$3.96B
$4.67M 2.07%
+400,000
New +$4.69M
ELME
5
Elme Communities
ELME
$132M
$2.58M 1.15%
+162,797
New +$2.59M
FPAY
6
DELISTED
FlexShopper
FPAY
$1.96M 0.87%
1,629,544
– –
GNL icon
7
Global Net Lease
GNL
$1.87B
$1.51M 0.67%
+200,000
New +$1.52M
RITM icon
8
Rithm Capital
RITM
$5.09B
$1.51M 0.67%
133,714
+83,714
+167% +$922K
PK icon
9
Park Hotels & Resorts
PK
$2.97B
$1.13M 0.5%
+110,000
New +$1.12M
BRSP
10
BrightSpire Capital
BRSP
$681M
$999K 0.44%
+197,800
New +$999K

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SWP
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EV
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CCM
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PAM
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SMP
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GL
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MBAM
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Waterfall Asset Management's Q2 2025 Portfolio in Review

As of Q2 2025, Waterfall Asset Management held 12 positions worth $226M, up 19% from $189M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Waterfall Asset Management withdrew a net $20.9M in Q2 2025.

By sector, the portfolio is most concentrated in Real Estate at 13% of assets, up from 11% a quarter earlier, followed by Industrials.

Against the trend, Waterfall Asset Management opened a new position in Apple Hospitality REIT worth $4.67M.

  • Waterfall Asset Management's largest Q2 2025 buy was Apple Hospitality REIT: 400,000 shares worth $4.67M.
  • Waterfall Asset Management added most to Rithm Capital in Q2 2025, an estimated $922K increase.
  • Waterfall Asset Management's ten largest holdings make up 99% of its $226M portfolio in Q2 2025.
  • Waterfall Asset Management opened 5 new positions and closed 0 in Q2 2025.
  • Waterfall Asset Management's portfolio value rose 19% quarter-over-quarter to $226M.

Based on Waterfall Asset Management's 13F filing for Q2 2025, filed 12 Aug 2025.