Waterfall Asset Management, LLC

Q1 2026 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2026
Date filed
5/8/2026
Form type
13F-HR
Num holdings
20
Total value ($000)
$178,814
Net value change ($000)
-7,030 (-3.8%)
New positions
5
Sold out positions
3
Turnover %
33.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/13/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
MRP 5,957 189.5%
IVT 5,025 NEW
VNO 4,431 NEW
DRH 3,915 NEW
ESRT 3,716 NEW
BRSP 3,598 77.4%
KREF 3,053 NEW
PK 2,235 57.5%
RITM 2,056 26.8%
CPT 1,059 9.0%
Top Reduces (Value $000, Stocks/ETFs)
NSA -8,423 -100.0%
ARI -5,557 -100.0%
FVR -2,750 -100.0%
AAT -2,562 -33.3%
RC -2,149 -25.3%
LINE -956 -25.9%
DX -112 -2.9%
Instrument mix + QoQ Δ (ex-options)
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