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WAM

Waterfall Asset Management Portfolio holdings

AUM $163M
1-Year Est. Return 0.31%
This Fund
S&P 500
This Quarter Est. Return
-1.47%
1 Year Est. Return
-0.31%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$903M
AUM Growth
+$677M
Cap. Flow
-$11.3M
Cap. Flow %
-1.25%
Top 10 Hldgs %
97.92%
Holding
18
New
6
Increased
7
Reduced
–
Closed
–

Top Buys

Rank Stock Value
1
LINE
Lineage Inc
LINE
+$6.75M
2
AAT
American Assets Trust
AAT
+$6.35M
3
APLE icon
Apple Hospitality REIT
APLE
+$4.08M
4
CPT icon
Camden Property Trust
CPT
+$3.35M
5
RITM icon
Rithm Capital
RITM
+$2.75M

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Miscellaneous 92.94%
2 Real Estate 6.95%
3 Industrials 0.12%
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
$814B
$801M 88.71%
1,201,900
+971,900
+423% +$623M
RC
2
Ready Capital
RC
$289M
$15.1M 1.68%
3,908,983
– –
APLE icon
3
Apple Hospitality REIT
APLE
$3.68B
$8.77M 0.97%
730,000
+330,000
+83% +$4.08M
AAT
4
American Assets Trust
AAT
$1.35B
$6.39M 0.71%
+314,643
New +$6.35M
LINE
5
Lineage Inc
LINE
$8.69B
$6.28M 0.7%
+162,409
New +$6.75M
RPT.PRC
6
Rithm Property Trust 9.875% Series C Preferred Stock
RPT.PRC
$52.3M
– –
0
– –
ELME
7
Elme Communities
ELME
$150M
$4.3M 0.48%
255,041
+92,244
+57% +$1.53M
RITM icon
8
Rithm Capital
RITM
$5.63B
$4.11M 0.46%
360,573
+226,859
+170% +$2.75M
BRSP
9
BrightSpire Capital
BRSP
$592M
$3.5M 0.39%
644,158
+446,358
+226% +$2.43M
CPT icon
10
Camden Property Trust
CPT
$12.2B
$3.26M 0.36%
+30,500
New +$3.35M
GNL icon
11
Global Net Lease
GNL
$2.11B
$2.78M 0.31%
342,259
+142,259
+71% +$1.09M
FVR
12
FrontView REIT
FVR
$467M
$2.67M 0.3%
+195,000
New +$2.5M
UDR icon
13
UDR
UDR
$11.7B
$2.31M 0.26%
+62,000
New +$2.42M
DX
14
Dynex Capital
DX
$3.2B
$1.84M 0.2%
+150,000
New +$1.88M
PK icon
15
Park Hotels & Resorts
PK
$3.07B
$1.35M 0.15%
122,153
+12,153
+11% +$137K
FPAY
16
DELISTED
FlexShopper
FPAY
$1.04M 0.12%
1,629,544
– –

Similar funds

TPM
Totem Point Management New York $163M AUM 123.44% 1-Year Est. Return
TNAM
Terra Nova Asset Management New York $163M AUM 43.09% 1-Year Est. Return
PFW
Petros Family Wealth Bloomington, Minnesota $164M AUM 36.78% 1-Year Est. Return
CC
Climber Capital Nyon, Switzerland $164M AUM
AIM
Aurora Investment Managers Naples, Florida $164M AUM 14.98% 1-Year Est. Return
RC
Rexford Capital Bellaire, Texas $163M AUM 48.03% 1-Year Est. Return
AWA
Arbor Wealth Advisors Troy, Michigan $164M AUM 27.68% 1-Year Est. Return
YMRC
Yorktown Management & Research Company Forest, Virginia $163M AUM 68.53% 1-Year Est. Return

Waterfall Asset Management's Q3 2025 Portfolio in Review

As of Q3 2025, Waterfall Asset Management held 18 positions worth $903M, up 300% from $226M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Waterfall Asset Management's Q3 2025 filing shows 6 new and 7 increased positions. Its largest new stake was Lineage Inc: 162,409 shares worth $6.28M.

By sector, the portfolio is most concentrated in Miscellaneous at 93% of assets, up from 86% a quarter earlier, followed by Real Estate and Industrials.

  • Waterfall Asset Management's largest Q3 2025 buy was Lineage Inc: 162,409 shares worth $6.28M.
  • Waterfall Asset Management added most to Apple Hospitality REIT in Q3 2025, an estimated $4.08M increase.
  • Waterfall Asset Management's ten largest holdings make up 98% of its $903M portfolio in Q3 2025.
  • Waterfall Asset Management opened 6 new positions and closed 0 in Q3 2025.
  • Waterfall Asset Management's portfolio value rose 300% quarter-over-quarter to $903M.

Based on Waterfall Asset Management's 13F filing for Q3 2025, filed 12 Nov 2025.