BAYVIEW ASSET MANAGEMENT, LLC

CORAL GABLES, FL · CIK 1767366 · 13F filing filed 2024-05-13

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)

$248.2m reported value +40.3% vs Q4 2023

23positions

96.7%in top 10

13 new 3 added 7 reduced 3 sold out vs Q4 2023

Options: 0 call positions (— notional), 7 put positions ($9.1m notional) – listed below, not included above.

Holdings, Q1 2024

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	2,653,503	$82.7m33.33%	33.33%	Reduced -1.8m	-1,757,956 -39.9%
2	ISHARES TR U.S. REAL ES ETF IYR	IYR	600,000	$53.9m21.73%	21.73%	New
3	NEW YORK CMNTY BANCORP INC COM COM		7,500,000	$22.8m9.19%	9.19%	New
4	SPDR SER TR S&P REGL BKG KRE	KRE	450,000	$22.6m9.12%	9.12%	Added +420.0k	+420,000 1400.0%
5	BANC OF CALIFORNIA INC COM BANC	BANC	1,348,130	$20.1m8.10%	8.10%	Reduced -684.4k	-684,390 -33.7%
6	GUILD HLDGS CO CL A CL A		1,235,526	$18.2m7.34%	7.34%	Added +408.7k	+408,653 49.4%
7	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	390,000	$16.4m6.62%	6.62%	New
8	US BANCORP DEL COM NEW USB	USB	25,000	$1.1m0.45%	0.45%	Added +6.5k	+6,500 35.1%
9	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	75,000	$1.0m0.42%	0.42%	New
10	ISHARES TR US HOME CONS ETF ITB	ITB	9,000	$1.0m0.42%	0.42%	New
11	CHUBB LIMITED COM CB	CB	4,000	$1.0m0.42%	0.42%	Reduced -1.0k	-1,000 -20.0%
12	TRUIST FINL CORP COM TFC	TFC	24,000	$935.5k0.38%	0.38%	New
13	JPMORGAN CHASE & CO COM JPM	JPM	4,500	$901.4k0.36%	0.36%	New
14	GLOBE LIFE INC COM GL	GL	7,421	$863.6k0.35%	0.35%	Reduced -2.6k	-2,579 -25.8%
15	MFA FINL INC COM MFA	MFA	70,000	$798.7k0.32%	0.32%	New
16	FIRST AMERN FINL CORP COM FAF	FAF	11,000	$671.5k0.27%	0.27%	Reduced -5.0k	-5,000 -31.2%
17	ISHARES TR MORTGE REL ETF REM	REM	25,000	$581.0k0.23%	0.23%	New
18	MERITAGE HOMES CORP COM MTH	MTH	3,000	$526.4k0.21%	0.21%	New
19	WEBSTER FINL CORP COM WBS	WBS	10,000	$507.7k0.20%	0.20%	Reduced -12.8k	-12,750 -56.0%
20	BANKUNITED INC COM BKU	BKU	15,000	$420.0k0.17%	0.17%	New
21	WALKER & DUNLOP INC COM WD	WD	3,500	$353.7k0.14%	0.14%	New
22	AXOS FINANCIAL INC COM AX	AX	5,000	$270.2k0.11%	0.11%	Reduced -10.0k	-10,000 -66.7%
23	HARTFORD INSURANCE GROUP INC COM HIG	HIG	2,500	$257.6k0.10%	0.10%	New

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
CBRE GROUP INC CBRE	CBRE	12,000	$1.1m12.0k shares
TRICON RESIDENTIAL INC TCN	TCN	110,000	$1.0m110.0k shares
BRIGHTSPIRE CAPITAL INC BRSP	BRSP	90,000	$669.6k90.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
US BANCORP DEL USB · Put	USB	Put	35,000	$1.6m35.0k shares	Unchanged
HUNTINGTON BANCSHARES INC HBAN · Put	HBAN	Put	100,000	$1.4m100.0k shares	New
TRUIST FINL CORP TFC · Put	TFC	Put	35,000	$1.4m35.0k shares	New
CHUBB LIMITED CB · Put	CB	Put	5,000	$1.3m5.0k shares	Unchanged
HARTFORD INSURANCE GROUP INC HIG · Put	HIG	Put	12,500	$1.3m12.5k shares	New
JPMORGAN CHASE & CO JPM · Put	JPM	Put	6,000	$1.2m6.0k shares	New
WALKER & DUNLOP INC WD · Put	WD	Put	10,000	$1.0m10.0k shares	Unchanged

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