Waterfall Asset Management, LLC Diversified Active

Location: New York, NY

CIK: 0001570717 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value: $189M (79.8% shares, 20.2% debt)

Holdings (6)

SPY SPDR S&P 500 ETF TR 67.9%

Value $129M Shares 230,000 Est. Cost — Unrealized —

— REDWOOD TRUST INC 17.3%

Value $32.7M Shares 32,992,000 Est. Cost $0.90 Unrealized —

RC READY CAPITAL CORP 10.5%

Value $19.9M Shares 3,908,983 Est. Cost $10.25 Unrealized —

— RITHM PPTY TR INC 2.9%

Value $5.506M Shares 218,900 Est. Cost $25.15 Unrealized —

FPAYQ FLEXSHOPPER INC 1.1%

Value $2.086M Shares 1,629,544 Est. Cost $1.10 Unrealized +39.4%

RITM RITHM CAPITAL CORP 0.3%

Value $578K Shares 50,000 Est. Cost $11.35 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	230,000	$129M	67.9%	—	—	Put	78462F103
—	REDWOOD TRUST INC	32,992,000	$32.7M	17.3%	$0.90	—	NOTE 7.750% 6/1	758075AF2
RC	READY CAPITAL CORP	3,908,983	$19.9M	10.5%	$10.25	—	COM	75574U101
—	RITHM PPTY TR INC	218,900	$5.506M	2.9%	$25.15	—	9.875 FXD-FLT C	38983D862
FPAYQ	FLEXSHOPPER INC	1,629,544	$2.086M	1.1%	$1.10	+39.4%	COM NEW	33939J303
RITM	RITHM CAPITAL CORP	50,000	$578K	0.3%	$11.35	—	COM NEW	64828T201