Latest Waterfall Asset Management, LLC Stock Portfolio
$178Million– No. of Holdings #18
Waterfall Asset Management, LLC Performance:
2026 Q1: -6.05%YTD: -6.05%2025: -33.47%
Performance for 2026 Q1 is -6.05%, and YTD is -6.05%, and 2025 is -33.47%.
About Waterfall Asset Management, LLC and 13F Hedge Fund Stock Holdings
On 2026-05-08, the fund reported it's updated stock portfolio. In the 13F Holdings report, WATERFALL ASSET MANAGEMENT, LLC reported an equity portfolio of $178.8 Millions as of 31 Mar, 2026.
The top stock holdings of WATERFALL ASSET MANAGEMENT, LLC are CPT, AVB, APLE. The fund has invested 7.2% of it's portfolio in CAMDEN PPTY TR and 6.9% of portfolio in AVALONBAY CMNTYS INC .
The fund managers got completely rid off NATIONAL STORAGE AFFILIATES (NSA), APOLLO COML REAL EST FIN INC (ARI) and FRONTVIEW REIT INC stocks. They significantly reduced their stock positions in AMERICAN ASSETS TR INC (AAT), LINEAGE INC and GLOBAL NET LEASE INC (GNL). WATERFALL ASSET MANAGEMENT, LLC opened new stock positions in INVENTRUST PPTYS CORP (IVT), VORNADO RLTY TR (VNO) and DIAMONDROCK HOSPITALITY CO (DRH). The fund showed a lot of confidence in some stocks as they added substantially to MILLROSE PPTYS INC, BRIGHTSPIRE CAPITAL INC (BRSP) and PARK HOTELS & RESORTS INC (PK).
The top stock holdings of WATERFALL ASSET MANAGEMENT, LLC are CPT, AVB, APLE. The fund has invested 7.2% of it's portfolio in CAMDEN PPTY TR and 6.9% of portfolio in AVALONBAY CMNTYS INC .
The fund managers got completely rid off NATIONAL STORAGE AFFILIATES (NSA), APOLLO COML REAL EST FIN INC (ARI) and FRONTVIEW REIT INC stocks. They significantly reduced their stock positions in AMERICAN ASSETS TR INC (AAT), LINEAGE INC and GLOBAL NET LEASE INC (GNL). WATERFALL ASSET MANAGEMENT, LLC opened new stock positions in INVENTRUST PPTYS CORP (IVT), VORNADO RLTY TR (VNO) and DIAMONDROCK HOSPITALITY CO (DRH). The fund showed a lot of confidence in some stocks as they added substantially to MILLROSE PPTYS INC, BRIGHTSPIRE CAPITAL INC (BRSP) and PARK HOTELS & RESORTS INC (PK).
Waterfall Asset Management, LLC Equity Portfolio Value
Last Reported on: 08 May, 2026
Waterfall Asset Management, LLC Annual Return Estimates Vs S&P 500
Our best estimate is that WATERFALL ASSET MANAGEMENT, LLC made a return of -6.05% in the last quarter. In trailing 12 months, it's portfolio return was -20.96%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| inventrust pptys corp | 5,024,740 |
| vornado rlty tr | 4,431,300 |
| diamondrock hospitality co | 3,914,680 |
| empire st rlty tr inc | 3,715,580 |
| rithm ppty tr inc | 3,461,590 |
| kkr real estate fin tr inc | 3,052,790 |
New stocks bought by Waterfall Asset Management, LLC
Additions
| Ticker | % Inc. |
|---|---|
| millrose pptys inc | 209 |
| brightspire capital inc | 79.00 |
| park hotels & resorts inc | 58.19 |
| rithm capital corp | 46.54 |
| camden ppty tr | 23.09 |
| avalonbay cmntys inc | 17.79 |
| dynex cap inc | 6.38 |
| apple hospitality reit inc | 6.05 |
Additions to existing portfolio by Waterfall Asset Management, LLC
Reductions
| Ticker | % Reduced |
|---|---|
| redwood trust inc | -68.63 |
| american assets tr inc | -31.21 |
| pennymac corp | -24.98 |
| lineage inc | -20.38 |
| global net lease inc | -5.83 |
Waterfall Asset Management, LLC reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| apollo coml real est fin inc | -5,557,450 |
| national storage affiliates | -8,422,940 |
| frontview reit inc | -2,750,090 |
Waterfall Asset Management, LLC got rid off the above stocks
Sector Distribution
WATERFALL ASSET MANAGEMENT, LLC has about 89.7% of it's holdings in Real Estate sector.
- Real Estate
- Others
| Sector | % |
|---|---|
| Real Estate | 89.7 |
| Others | 10.3 |
Market Cap. Distribution
WATERFALL ASSET MANAGEMENT, LLC has about 22% of it's portfolio invested in the large-cap and mega-cap stocks.
- MID-CAP
- LARGE-CAP
- SMALL-CAP
- UNALLOCATED
- MICRO-CAP
| Category | % |
|---|---|
| MID-CAP | 41.5 |
| LARGE-CAP | 22 |
| SMALL-CAP | 17.6 |
| UNALLOCATED | 10.3 |
| MICRO-CAP | 8.6 |
Stocks belong to which Index?
About 68.9% of the stocks held by WATERFALL ASSET MANAGEMENT, LLC either belong to S&P 500 or RUSSELL 2000 index.
- RUSSELL 2000
- Others
- S&P 500
| Index | % |
|---|---|
| RUSSELL 2000 | 46.9 |
| Others | 31.1 |
| S&P 500 | 22 |
Waterfall Asset Management, LLC Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Waterfall Asset Management, LLC
WATERFALL ASSET MANAGEMENT, LLC has 18 stocks in it's portfolio. About 47.9% of the portfolio is in top 10 stocks. RC proved to be the most loss making stock for the portfolio. GNL was the most profitable stock for WATERFALL ASSET MANAGEMENT, LLC last quarter.
Last Reported on: 08 May, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAT | american assets tr inc | 2.88 | 279,323 | 5,142,340 | reduced | -31.21 | ||
| AJX | rithm ppty tr inc | 1.94 | 139,481 | 3,461,590 | new | |||
| APLE | apple hospitality reit inc | 6.02 | 935,516 | 10,767,800 | added | 6.05 | ||
| ARI | apollo coml real est fin inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| AVB | avalonbay cmntys inc | 6.86 | 75,150 | 12,275,800 | added | 17.79 | ||
| BRSP | brightspire capital inc | 4.61 | 1,472,790 | 8,247,620 | added | 79.00 | ||
| CPT | camden ppty tr | 7.19 | 131,704 | 12,862,200 | added | 23.09 | ||
| DRH | diamondrock hospitality co | 2.19 | 417,789 | 3,914,680 | new | |||
| DX | dynex cap inc | 2.10 | 295,000 | 3,764,200 | added | 6.38 | ||
| ESRT | empire st rlty tr inc | 2.08 | 714,535 | 3,715,580 | new | |||
| GNL | global net lease inc | 2.08 | 397,609 | 3,721,620 | reduced | -5.83 | ||
| IVT | inventrust pptys corp | 2.81 | 164,962 | 5,024,740 | new | |||
| KREF | kkr real estate fin tr inc | 1.71 | 475,154 | 3,052,790 | new | |||
| NSA | national storage affiliates | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| PK | park hotels & resorts inc | 3.42 | 581,643 | 6,124,700 | added | 58.19 | ||
| RC | ready capital corp | 3.54 | 3,908,980 | 6,332,550 | unchanged | 0.00 | ||
| RITM | rithm capital corp | 5.44 | 1,026,400 | 9,734,780 | added | 46.54 | ||
| RWT | redwood trust inc | 1.55 | 2,743,000 | 2,777,390 | reduced | -68.63 | ||
| VNO | vornado rlty tr | 2.48 | 170,500 | 4,431,300 | new | |||
| pennymac corp | 34.46 | 59,319,000 | 61,622,600 | reduced | -24.98 | |||