Waterfall Asset Management 13F annual report

Waterfall Asset Management is an investment fund managing more than $32 billion ran by Kenneth Nick. There is currently 1 company in Mr. Nick’s portfolio. The largest and only investment include Ready Capital Corp worth $32 billion.

$32 billion Assets Under Management (AUM)

As of 8th August 2024, Waterfall Asset Management’s top holding is 3,908,983 shares of Ready Capital Corp currently worth over $32 billion and making up 100.0% of the portfolio value. Relative to the number of outstanding shares of Ready Capital Corp, Waterfall Asset Management owns more than approximately 0.1% of the company.

Currently, Waterfall Asset Management's portfolio is worth at least $32 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Waterfall Asset Management

The Waterfall Asset Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Kenneth Nick serves as the General Counsel and Chief Compliance Officer at Waterfall Asset Management.

Recent trades

There are companies that Waterfall Asset Management is getting rid of from its portfolio. Waterfall Asset Management closed its position in FlexShopper Inc on 15th August 2024. It sold the previously owned 1,629,547 shares for $2.43 billion.

One of the smallest hedge funds

The two most similar investment funds to Waterfall Asset Management are Richmond Brothers and Lion Point Capital, L.P.. They manage $32 billion and $31.9 billion respectively.

Kenneth Nick investment strategy

Waterfall Asset Management’s portfolio is diversified across 1 sector. Currently, their heaviest sector is Real Estate — making up 100.0% of the total portfolio value. The fund focuses on investments in the United States as 100.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $1.38 billion.

The complete list of Waterfall Asset Management trades based on 13F SEC filings

These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Ready Capital Corp	No change 3,908,983	$31,975,481,000	100.00%
FlexShopper Inc	Closed 1,629,547	$2,428,025,000
No transactions found
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