Waterfall Asset Management
Waterfall Asset Management reported 16 stocks worth $118M in its 13F filing for Q2 2026, filed Aug 12, 2026. Its largest holdings are Avalonbay Cmntys Inc (10.9%), CPT (10.8%) and MRP (10.6%). Compared with Q1 2026, the fund opened new positions in FBRT and PMT, added to MRP, BRSP and RITM, trimmed CPT, APLE and ESRT and sold out of AAT, IVT and KREF.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 | AVALONBAY CMNTYS INC | $13M | 10.9% | 69K | −6,500 (−9%) | 3 of 8 | |
| 2 |  CPT Camden Ppty TR | $12.8M | 10.8% | 112K | −20K (−15%) | 4 of 8 | |
| 3 |  MRP Millrose Pptys Inc | $12.5M | 10.6% | 417K | +92K (+28%) | 3 of 8 | |
| 4 |  BRSP Brightspire Capital Inc | $11.3M | 9.6% | 2.1M | +604K (+41%) | 5 of 8 | |
| 5 |  RITM Rithm Capital Corp | $10.6M | 8.9% | 1.1M | +101K (+10%) | 8 of 8 | |
| 6 |  PK PARK HOTELS & RESORTS INC | $9.8M | 8.3% | 690K | +108K (+19%) | 5 of 8 | |
| 7 |  RC Ready Capital Corp | $6.8M | 5.8% | 3.9M | No change | 8 of 8 | |
| 8 |  APLE Apple Hospitality REIT Inc | $6.3M | 5.3% | 376K | −560K (−60%) | 5 of 8 | |
| 9 |  FBRT Franklin Bsp Rlty TR Inc | $6.2M | 5.2% | 758K | New position | 1 of 8 | |
| 10 |  DRH Diamondrock Hospitality Co | $5.6M | 4.7% | 457K | +39K (+9%) | 2 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 12, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Waterfall Asset Management 13F FAQ
What does Waterfall Asset Management own?
Waterfall Asset Management reported 16 stocks worth $118M in its 13F filing for Q2 2026, filed Aug 12, 2026. Its largest holdings are Avalonbay Cmntys Inc (10.9%), CPT (10.8%) and MRP (10.6%). The table above lists every position in the filing (the top 10 without an account).
What did Waterfall Asset Management buy and sell in Q2 2026?
Compared with Q1 2026: 3 new positions, 7 added to, 5 trimmed and 4 sold out. New positions include FBRT and PMT. It sold all of AAT, IVT and KREF.
When will Waterfall Asset Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Waterfall Asset Management's portfolio worth?
The Q2 2026 filing reports $118M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.