BAYVIEW ASSET MANAGEMENT, LLC

CORAL GABLES, FL · CIK 1767366 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$64.2bn
Staff556 · 195 in investment roles
Main clients (by assets)Private funds 98%, Insurers 2%
Private funds23 (22 hedge) · $65.3bn gross assets
Websitebayview.com
Form ADV · 2026-05-05SEC adviser record

Legal entityBAYVIEW ASSET MANAGEMENT, LLC (US)

$133.8m reported value +11.7% vs Q1 2026

44positions

56.0%in top 10

14 new 8 added 16 reduced 12 sold out vs Q1 2026

Options: 3 call positions ($22.3m notional), 22 put positions ($340.2m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	FORBRIGHT INC CL A COM FRBT	FRBT	1,284,999	$23.5m17.57%	17.57%	New
2	BERKSHIRE HILLS BANCORP INC COM BBT	BBT	364,828	$11.1m8.30%	8.30%	Reduced -30.0k	-30,000 -7.6%
3	RITHM CAPITAL CORP COM NEW RITM	RITM	590,459	$5.5m4.14%	4.14%	Added +184.8k	+184,752 45.5%
4	SOUTHSTATE BK CORP COM SSB	SSB	55,000	$5.5m4.11%	4.11%	New
5	CBRE GROUP INC CL A CBRE	CBRE	39,820	$5.4m4.01%	4.01%	Added +22.5k	+22,470 129.5%
6	BANNER CORP COM NEW BANR	BANR	77,500	$5.1m3.85%	3.85%	Added +17.5k	+17,500 29.2%
7	SPDR SER TR S&P INS ETF KIE	KIE	81,600	$5.0m3.72%	3.72%	New
8	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	103,700	$4.9m3.66%	3.66%	Reduced -79.4k	-79,400 -43.4%
9	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	6,441	$4.7m3.55%	3.55%	Reduced -699	-699 -9.8%
10	OLD NATL BANCORP IND COM ONB	ONB	160,000	$4.1m3.10%	3.10%	Reduced -30.0k	-30,000 -15.8%
11	JPMORGAN CHASE & CO COM JPM	JPM	12,000	$3.9m2.94%	2.94%	Reduced -1.5k	-1,500 -11.1%
12	UMB FINL CORP COM UMBF	UMBF	25,000	$3.6m2.67%	2.67%	Added +4.0k	+4,032 19.2%
13	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	28,624	$3.5m2.63%	2.63%	New
14	ASSOCIATED BANC CORP COM ASB	ASB	114,210	$3.5m2.63%	2.63%	Reduced -35.8k	-35,790 -23.9%
15	BANK AMERICA CORP COM BAC	BAC	60,000	$3.4m2.56%	2.56%	Added +15.0k	+15,000 33.3%
16	COLUMBIA BKG SYS INC COM COLB	COLB	105,000	$3.4m2.52%	2.52%	Reduced -6.6k	-6,586 -5.9%
17	S&P GLOBAL INC COM SPGI	SPGI	7,360	$3.0m2.24%	2.24%	Added +710	+710 10.7%
18	FLAGSTAR FINANCIAL INC COM NEW FLG	FLG	166,666	$2.5m1.86%	1.86%	Unchanged
19	OFG BANCORP COM OFG	OFG	50,000	$2.5m1.83%	1.83%	Reduced -11.8k	-11,794 -19.1%
20	HARTFORD INSURANCE GROUP INC COM HIG	HIG	18,300	$2.4m1.81%	1.81%	New
21	HORIZON BANCORP INC COM HBNC	HBNC	113,500	$2.3m1.70%	1.70%	Reduced -4.9k	-4,872 -4.1%
22	ALLSTATE CORP COM ALL	ALL	8,500	$2.0m1.51%	1.51%	New
23	FINANCIAL INSTNS INC COM FISI	FISI	50,000	$1.9m1.46%	1.46%	Unchanged
24	JONES LANG LASALLE INC COM JLL	JLL	6,250	$1.9m1.45%	1.45%	Added +4.5k	+4,517 260.6%
25	FULTON FINL CORP PA COM FULT	FULT	75,000	$1.8m1.36%	1.36%	Added +28.0k	+28,000 59.6%
26	TOWNEBANK PORTSMOUTH VA COM TOWN	TOWN	50,000	$1.8m1.35%	1.35%	Reduced -13.3k	-13,302 -21.0%
27	SCHWAB CHARLES CORP COM SCHW	SCHW	19,407	$1.8m1.34%	1.34%	Reduced -9.6k	-9,570 -33.0%
28	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	13,799	$1.5m1.11%	1.11%	New
29	NORTHWEST BANCSHARES INC MD COM NWBI	NWBI	92,500	$1.4m1.05%	1.05%	Reduced -59.5k	-59,465 -39.1%
30	FIRST FINL BANCORP OH COM FFBC	FFBC	40,000	$1.4m1.01%	1.01%	Reduced -36.6k	-36,611 -47.8%
31	F N B CORP COM FNB	FNB	70,000	$1.3m1.00%	1.00%	Reduced -76.0k	-75,979 -52.0%
32	CINCINNATI FINL CORP COM CINF	CINF	6,000	$1.1m0.83%	0.83%	New
33	NORTHRIM BANCORP INC COM NRIM	NRIM	32,663	$906.1k0.68%	0.68%	Reduced -17.9k	-17,877 -35.4%
34	ARCH CAP GROUP LTD ORD ACGL	ACGL	8,787	$852.9k0.64%	0.64%	New
35	GREENE CNTY BANCORP INC COM GCBC	GCBC	25,000	$839.8k0.63%	0.63%	New
36	ESSENT GROUP LTD COM ESNT	ESNT	12,500	$803.5k0.60%	0.60%	New
37	AXOS FINANCIAL INC COM AX	AX	7,420	$722.6k0.54%	0.54%	New
38	VISA INC COM CL A V	V	1,600	$548.9k0.41%	0.41%	New
39	SOUTHSIDE BANCSHARES INC COM SBSI	SBSI	15,000	$527.9k0.39%	0.39%	Unchanged
40	FIRST BANCORP P R COM NEW FBP	FBP	20,000	$521.4k0.39%	0.39%	Reduced -44.6k	-44,646 -69.1%
41	GLOBE LIFE INC COM GL	GL	2,500	$446.7k0.33%	0.33%	Unchanged
42	CITIGROUP INC COM NEW C	C	2,500	$349.9k0.26%	0.26%	Unchanged
43	BANKUNITED INC COM BKU	BKU	5,000	$242.2k0.18%	0.18%	Unchanged
44	MGIC INVT CORP WIS COM MTG	MTG	5,000	$141.0k0.11%	0.11%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BANC OF CALIFORNIA INC BANC	BANC	725,000	$12.7m725.0k shares
SELECT SECTOR SPDR TR XLF	XLF	187,000	$9.2m187.0k shares
APOLLO GLOBAL MGMT INC APO	APO	40,000	$4.5m40.0k shares
COMMERCE BANCSHARES INC CBSH	CBSH	85,000	$4.2m85.0k shares
ARES CAPITAL CORP ARCC	ARCC	185,258	$3.3m185.3k shares
ELLINGTON FINANCIAL INC EFC	EFC	176,500	$2.1m176.5k shares
FIRST BUSEY CORP BUSE	BUSE	20,000	$505.4k20.0k shares
F&G ANNUITIES & LIFE INC FG	FG	15,000	$379.8k15.0k shares
TAYLOR MORRISON HOME CORP TMHC	TMHC	6,000	$349.4k6.0k shares
PROGRESSIVE CORP PGR	PGR	1,500	$297.4k1.5k shares
WESBANCO INC WSBC	WSBC	7,500	$258.7k7.5k shares
NBT BANCORP INC NBTB	NBTB	5,168	$220.1k5.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO EXCHANGE TRADED FD T RSP · Put	RSP	Put	1,021,500	$217.3m1.0m shares	Added
SPDR SER TR KRE · Put	KRE	Put	200,000	$15.0m200.0k shares	Reduced
SELECT SECTOR SPDR TR XLF · Call	XLF	Call	200,000	$10.7m200.0k shares	New
CINCINNATI FINL CORP CINF · Put	CINF	Put	50,000	$9.3m50.0k shares	New
BANK AMERICA CORP BAC · Put	BAC	Put	155,000	$8.8m155.0k shares	Added
SPDR SER TR KIE · Put	KIE	Put	135,000	$8.2m135.0k shares	Added
JPMORGAN CHASE & CO JPM · Put	JPM	Put	25,000	$8.2m25.0k shares	Added
ISHARES TR IYR · Call	IYR	Call	80,000	$8.2m80.0k shares	New
CBRE GROUP INC CBRE · Put	CBRE	Put	58,000	$7.8m58.0k shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	10,000	$7.4m10.0k shares	Unchanged
RITHM CAPITAL CORP RITM · Put	RITM	Put	650,000	$6.1m650.0k shares	Added
ALLSTATE CORP ALL · Put	ALL	Put	25,000	$5.9m25.0k shares	New
FIDELITY NATIONAL FINANCIAL FNF · Put	FNF	Put	119,000	$5.6m119.0k shares	Reduced
ESSENT GROUP LTD ESNT · Put	ESNT	Put	80,000	$5.1m80.0k shares	New
US BANCORP DEL USB · Put	USB	Put	75,000	$4.5m75.0k shares	New
MGIC INVT CORP WIS MTG · Put	MTG	Put	150,000	$4.2m150.0k shares	New
INTERCONTINENTAL EXCHANGE IN ICE · Put	ICE	Put	32,500	$4.0m32.5k shares	New
HARTFORD INSURANCE GROUP INC HIG · Put	HIG	Put	30,000	$4.0m30.0k shares	New
JONES LANG LASALLE INC JLL · Put	JLL	Put	11,500	$3.6m11.5k shares	New
VISA INC V · Put	V	Put	10,000	$3.4m10.0k shares	New
METLIFE INC MET · Call	MET	Call	40,000	$3.4m40.0k shares	New
S&P GLOBAL INC SPGI · Put	SPGI	Put	8,000	$3.3m8.0k shares	Added
PRINCIPAL FINANCIAL GROUP IN PFG · Put	PFG	Put	30,000	$3.2m30.0k shares	New
SCHWAB CHARLES CORP SCHW · Put	SCHW	Put	30,000	$2.8m30.0k shares	Reduced
ARCH CAP GROUP LTD ACGL · Put	ACGL	Put	25,000	$2.4m25.0k shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
FORBRIGHT INC FRBT · 13G · filed 2026-08-14	FRBT	6.1%≈ $35.9m	new	13G	2026-08-14