BAYVIEW ASSET MANAGEMENT, LLC

CORAL GABLES, FL · CIK 1767366 · 13F filing filed 2024-02-09

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)

$176.9m reported value -13.0% vs Q3 2023

13positions

98.7%in top 10

6 new 0 added 6 reduced 1 sold out vs Q3 2023

Options: 0 call positions (— notional), 9 put positions ($118.4m notional) – listed below, not included above.

Holdings, Q4 2023

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	ENACT HLDGS INC COM ACT	ACT	4,411,459	$127.4m72.04%	72.04%	Reduced -2.3m	-2,331,010 -34.6%
2	BANC OF CALIFORNIA INC COM BANC	BANC	2,032,520	$27.3m15.43%	15.43%	New
3	GUILD HLDGS CO CL A CL A		826,873	$11.7m6.59%	6.59%	Unchanged
4	SPDR SER TR S&P REGL BKG KRE	KRE	30,000	$1.6m0.89%	0.89%	New
5	GLOBE LIFE INC COM GL	GL	10,000	$1.2m0.69%	0.69%	Reduced -7.8k	-7,800 -43.8%
6	WEBSTER FINL CORP COM WBS	WBS	22,750	$1.2m0.65%	0.65%	Reduced -22.8k	-22,750 -50.0%
7	CHUBB LIMITED COM CB	CB	5,000	$1.1m0.64%	0.64%	New
8	CBRE GROUP INC CL A CBRE	CBRE	12,000	$1.1m0.63%	0.63%	New
9	FIRST AMERN FINL CORP COM FAF	FAF	16,000	$1.0m0.58%	0.58%	New
10	TRICON RESIDENTIAL INC COM NPV TCN	TCN	110,000	$1.0m0.57%	0.57%	Reduced -115.0k	-115,000 -51.1%
11	AXOS FINANCIAL INC COM AX	AX	15,000	$819.0k0.46%	0.46%	Reduced -35.0k	-35,000 -70.0%
12	US BANCORP DEL COM NEW USB	USB	18,500	$800.7k0.45%	0.45%	New
13	BRIGHTSPIRE CAPITAL INC COM CL A BRSP	BRSP	90,000	$669.6k0.38%	0.38%	Reduced -200.0k	-200,000 -69.0%

Sold out since Q3 2023

Security	Ticker	Shares held before	Value then
FIDELITY NATIONAL FINANCIAL FNF	FNF	36,800	$1.5m36.8k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SELECT SECTOR SPDR TR XLF · Put	XLF	Put	1,333,600	$50.1m1.3m shares	Reduced
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	86,000	$40.9m86.0k shares	Reduced
ISHARES TR IWM · Put	IWM	Put	97,400	$19.5m97.4k shares	Reduced
ISHARES TR IYR · Put	IYR	Put	20,000	$1.8m20.0k shares	New
US BANCORP DEL USB · Put	USB	Put	35,000	$1.5m35.0k shares	New
GLOBE LIFE INC GL · Put	GL	Put	10,000	$1.2m10.0k shares	New
CHUBB LIMITED CB · Put	CB	Put	5,000	$1.1m5.0k shares	New
WALKER & DUNLOP INC WD · Put	WD	Put	10,000	$1.1m10.0k shares	New
NEW YORK CMNTY BANCORP INC Put		Put	100,000	$1.0m100.0k 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