Waterfall Asset Management, LLC
Hedge Fund • Distressed
Waterfall Asset Management, LLC is a Distressed Hedge Fund based in New York, NY led by Brian Breakstone, reporting $25.3B in AUM as of Q3 2025 with 84% Real Estate concentration, 90% concentrated in top 10 holdings, and 24% allocation to RC.
CFOBrian Breakstone
- Portfolio Value
- $63.7M
- Positions
- 14
- Top Holding
- RC at 23.73%
- Last Reported
- Q3 2025
Top Holdings
Largest long holdings in Waterfall Asset Management, LLC's portfolio (89.7% of total portfolio)
GthenH
| Holding | Sector | Position | Weight | Traded | Ownership |
|---|---|---|---|---|---|
REIT - Mortgage Real Estate | $15.1M | 23.73% | — | 2.38% 3.9M shares | |
REIT - Hotel & Motel Real Estate | $8.8M | 13.75% | +$4.0M Bought | 0.31% 730.0K shares | |
REIT - Diversified Real Estate | $6.4M | 10.03% | +$6.4M New | 0.51% 314.6K shares | |
Unknown Unknown | $6.3M | 9.85% | +$6.3M New | 0.07% 162.4K shares | |
REIT - Office Real Estate | $4.3M | 6.75% | +$1.6M Bought | 0.29% 255.0K shares | |
REIT - Mortgage Real Estate | $4.1M | 6.46% | +$2.6M Bought | 0.07% 360.6K shares | |
REIT - Diversified Real Estate | $3.5M | 5.49% | +$2.4M Bought | 0.50% 644.2K shares | |
REIT - Residential Real Estate | $3.3M | 5.11% | +$3.3M Bought | 0.03% 30.5K shares | |
REIT - Diversified Real Estate | $2.8M | 4.37% | +$1.2M Bought | 0.15% 342.3K shares | |
Unknown Unknown | $2.7M | 4.19% | +$2.7M New | 0.95% 195.0K shares |
Changes
Portfolio activity, position movements, and quarter-over-quarter changes in Waterfall Asset Management, LLC's latest filing
GthenC
Market Value
Q/Q Change
Net Flows % of MV
Turnover Ratio
New Purchases
Added To
Sold Out Of
Reduced Holdings
Increased Positions
| Position | Shares Δ |
|---|---|
New | |
New | |
New | |
New | |
+225.66% |
Decreased Positions
| Position | Shares Δ |
|---|---|
| No decreased positions | |
Analytics
Portfolio insights and performance metrics for Waterfall Asset Management, LLC
GthenA