Waterfall Asset Management, LLC

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
18
Total value ($000)
$902,591
Net value change ($000)
+677,074 (300.2%)
New positions
6
Sold out positions
0
Turnover %
35.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AAT 6,394 NEW
LINE 6,275 NEW
APLE 4,099 87.8%
CPT 3,257 NEW
FVR 2,673 NEW
RITM 2,606 172.7%
BRSP 2,499 250.2%
UDR 2,310 NEW
DX 1,842 NEW
ELME 1,717 66.5%
Top Reduces (Value $000, Stocks/ETFs)
RC -1,954 -11.4%
FPAY -910 -46.5%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 800,682 (88.7% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type