Bayview Asset Management, LLC

Hedge Fund • Multi-Strategy

Bayview Asset Management, LLC is a Multi-Strategy Hedge Fund based in Coral Gables, FL led by David Ertel, reporting $44.8B in AUM as of Q3 2025 with 82% Financial Services concentration, 60% concentrated in top 10 holdings, and 24% allocation to GHLD.

CEODavid Ertel

Portfolio Value: $132.1M
Positions: 46
Top Holding: GHLD at 24.1%
Last Reported: Q3 2025

Address4425 Ponce De Leon Blvd., Coral Gables, FL, 33146, United States

Top Holdings

Largest long holdings in Bayview Asset Management, LLC's portfolio (60% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Guild Holdings GHLD	Financial - Mortgages Financial Services	$31.8M	24.10%	—	2.56% 1.6M shares	Q4 2020 Held for 4y 11m
2 Banc of California BANC	Banks - Regional Financial Services	$16.4M	12.45%	—	0.63% 993.1K shares	Q4 2023 Held for 1y 11m
3 BBT BB&T Corporation BBT	Unknown Unknown	$10.8M	8.19%	+$10.8M New	0.54% 456.1K shares	Q3 2025 Held for 2 months
4 The Hartford Financial Services Group HIG	Insurance - Diversified Financial Services	$3.1M	2.37%	+$3.1M Bought	0.01% 23.5K shares	Q2 2025 Held for 5 months
5 Rithm Capital RITM	REIT - Mortgage Real Estate	$3.1M	2.37%	+$2.1M Bought	0.05% 275.0K shares	Q2 2024 Held for 1y 5m
6 S&P Global SPGI	Financial - Data & Stock Exchanges Financial Services	$2.9M	2.21%	+$2.9M Bought	0.00% 6.0K shares	Q1 2025 Held for 8 months
7 Chubb CB	Insurance - Property & Casualty Financial Services	$2.8M	2.14%	+$2.8M Bought	0.00% 10.0K shares	Q3 2025 Held for 2 months
8 MFA Financial MFA	REIT - Mortgage Real Estate	$2.8M	2.09%	+$2.8M Bought	0.29% 300.0K shares	Q3 2025 Held for 2 months
9 Old National Bancorp ONB	Banks - Regional Financial Services	$2.7M	2.08%	+$1.7M Bought	0.03% 125.0K shares	Q4 2024 Held for 11 months
10 Essent Group ESNT	Insurance - Specialty Financial Services	$2.7M	2.04%	+$1.9M Bought	0.04% 42.3K shares	Q2 2024 Held for 1y 5m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Bayview Asset Management, LLC's latest filing

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GthenC

Market Value

$132.1M

Prior: $101.1M

Q/Q Change

+30.59%

+$30.9M

Net Flows % of MV

+3.74%

Turnover Ratio

33.11%

New Purchases

10 stocks

$26.9M

Added To

8 stocks

+$9.1M

Sold Out Of

10 stocks

$21.9M

Reduced Holdings

13 stocks

-$9.1M

Increased Positions

Position	Shares Δ	Change
1 BBT BB&T Corporation BBT	New	0 → 456.1K +$10.8M
2 T Rowe Price Group TROW	New	0 → 20.6K +$2.1M
3 Raymond James Financial RJF	New	0 → 12.0K +$2.1M
4 Invitation Homes INVH	New	0 → 70.0K +$2.1M
5 Intercontinental Exchange ICE	New	0 → 11.7K +$2.0M

Decreased Positions

Position	Shares Δ	Change
1 Berkshire Hills Bancorp BHLB	Sold	344.8K → 0 −$8.6M
2 Bank of New York Mellon BK	Sold	35.5K → 0 −$3.2M
3 State Street STT	Sold	18.3K → 0 −$1.9M
4 The Travelers Companies TRV	Sold	6.7K → 0 −$1.8M
5 Annaly Capital Management NLY	Sold	95.0K → 0 −$1.8M