BAYVIEW ASSET MANAGEMENT, LLC

CORAL GABLES, FL · CIK 1767366 · 13F filing filed 2024-08-13

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)

$169.7m reported value -31.7% vs Q1 2024

28positions

90.3%in top 10

14 new 8 added 2 reduced 9 sold out vs Q1 2024

Options: 4 call positions ($13.8m notional), 14 put positions ($103.2m notional) – listed below, not included above.

Holdings, Q2 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	$81.4m47.95%	47.95%	Unchanged
2	NEW YORK CMNTY BANCORP INC COM COM		7,500,000	$24.1m14.23%	14.23%	Unchanged
3	GUILD HLDGS CO CL A CL A		1,271,280	$18.8m11.08%	11.08%	Added +35.8k	+35,754 2.9%
4	BANC OF CALIFORNIA INC COM BANC	BANC	1,348,130	$17.2m10.16%	10.16%	Unchanged
5	WEBSTER FINL CORP COM WBS	WBS	63,400	$2.8m1.63%	1.63%	Added +53.4k	+53,400 534.0%
6	GLOBE LIFE INC COM GL	GL	25,000	$2.1m1.21%	1.21%	Added +17.6k	+17,579 236.9%
7	WINTRUST FINL CORP COM WTFC	WTFC	18,000	$1.8m1.05%	1.05%	New
8	CHUBB LIMITED COM CB	CB	6,600	$1.7m0.99%	0.99%	Added +2.6k	+2,600 65.0%
9	FIRST AMERN FINL CORP COM FAF	FAF	30,900	$1.7m0.98%	0.98%	Added +19.9k	+19,900 180.9%
10	CBRE GROUP INC CL A CBRE	CBRE	18,476	$1.6m0.97%	0.97%	New
11	RITHM CAPITAL CORP COM NEW RITM	RITM	140,000	$1.5m0.90%	0.90%	New
12	AMERIS BANCORP COM ABCB	ABCB	30,000	$1.5m0.89%	0.89%	New
13	D R HORTON INC COM DHI	DHI	10,000	$1.4m0.83%	0.83%	New
14	ESSENT GROUP LTD COM ESNT	ESNT	25,000	$1.4m0.83%	0.83%	New
15	PROSPERITY BANCSHARES INC COM PB	PB	22,500	$1.4m0.81%	0.81%	New
16	JPMORGAN CHASE & CO COM JPM	JPM	5,500	$1.1m0.66%	0.66%	Added +1.0k	+1,000 22.2%
17	PULTE GROUP INC COM PHM	PHM	10,000	$1.1m0.65%	0.65%	New
18	STEWART INFORMATION SVCS COR COM STC	STC	16,000	$993.3k0.59%	0.59%	New
19	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	75,000	$988.5k0.58%	0.58%	Unchanged
20	MFA FINL INC COM MFA	MFA	80,000	$851.2k0.50%	0.50%	Added +10.0k	+10,000 14.3%
21	FIRST HORIZON CORPORATION COM FHN	FHN	52,130	$822.1k0.48%	0.48%	New
22	TRUIST FINL CORP COM TFC	TFC	17,500	$679.9k0.40%	0.40%	Reduced -6.5k	-6,500 -27.1%
23	JONES LANG LASALLE INC COM JLL	JLL	3,000	$615.8k0.36%	0.36%	New
24	TOLL BROTHERS INC COM TOL	TOL	5,000	$575.9k0.34%	0.34%	New
25	AXOS FINANCIAL INC COM AX	AX	10,000	$571.5k0.34%	0.34%	Added +5.0k	+5,000 100.0%
26	FINANCIAL INSTNS INC COM FISI	FISI	27,622	$533.7k0.31%	0.31%	New
27	BANKUNITED INC COM BKU	BKU	10,000	$292.7k0.17%	0.17%	Reduced -5.0k	-5,000 -33.3%
28	ALLSTATE CORP COM ALL	ALL	1,000	$159.7k0.09%	0.09%	New

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
ISHARES TR IYR	IYR	600,000	$53.9m600.0k shares
SPDR SER TR KRE	KRE	450,000	$22.6m450.0k shares
SELECT SECTOR SPDR TR XLF	XLF	390,000	$16.4m390.0k shares
US BANCORP DEL USB	USB	25,000	$1.1m25.0k shares
ISHARES TR ITB	ITB	9,000	$1.0m9.0k shares
ISHARES TR REM	REM	25,000	$581.0k25.0k shares
MERITAGE HOMES CORP MTH	MTH	3,000	$526.4k3.0k shares
WALKER & DUNLOP INC WD	WD	3,500	$353.7k3.5k shares
HARTFORD INSURANCE GROUP INC HIG	HIG	2,500	$257.6k2.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	59,500	$32.4m59.5k shares	New
ISHARES TR IYR · Put	IYR	Put	290,000	$25.4m290.0k shares	New
SELECT SECTOR SPDR TR Put		Put	529,400	$21.8m529.4k shares	New
SPDR SER TR KRE · Call	KRE	Call	170,000	$8.3m170.0k shares	New
SPDR SER TR KRE · Put	KRE	Put	125,000	$6.1m125.0k shares	New
WEBSTER FINL CORP WBS · Put	WBS	Put	70,000	$3.1m70.0k shares	New
JPMORGAN CHASE & CO JPM · Put	JPM	Put	11,000	$2.2m11.0k shares	Added
ISHARES TR IYR · Call	IYR	Call	24,000	$2.1m24.0k shares	New
SELECT SECTOR SPDR TR XLE · Call	XLE	Call	50,000	$2.1m50.0k shares	New
ARCH CAP GROUP LTD ACGL · Put	ACGL	Put	20,000	$2.0m20.0k shares	New
HUNTINGTON BANCSHARES INC HBAN · Put	HBAN	Put	150,000	$2.0m150.0k shares	Added
CHUBB LIMITED CB · Put	CB	Put	7,500	$1.9m7.5k shares	Added
CBRE GROUP INC CBRE · Put	CBRE	Put	20,000	$1.8m20.0k shares	New
ISHARES TR REM · Put	REM	Put	65,000	$1.4m65.0k shares	New
ISHARES TR ITB · Call	ITB	Call	12,500	$1.3m12.5k shares	New
FIRST AMERN FINL CORP FAF · Put	FAF	Put	20,000	$1.1m20.0k shares	New
JONES LANG LASALLE INC JLL · Put	JLL	Put	5,000	$1.0m5.0k shares	New
TRUIST FINL CORP TFC · Put	TFC	Put	25,000	$971.2k25.0k shares	Reduced

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