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BAYVIEW ASSET MANAGEMENT, LLC

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13F filer, CIK 1767366, CORAL GABLES, FL

BAYVIEW ASSET MANAGEMENT, LLC reported $432,527,991 across 73 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 52.04% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001767366-26-000001

Period
2025-12-31
Reported value
$433M
Holdings
73
Top 10 weight
52.04%
New
26
Sold out
25

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ARCCnew+270,032$5.46M
BIZDnew+274,000$3.89M
BXSLnew+107,000$2.82M
APOnew+18,000$2.61M
JPMadded+7,500$2.42M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GUILD HLDGS COexited-1,595,844-$31.8M
BANCreduced-268,130-$5.17M
ESNTexited-42,300-$2.69M
MAexited-4,423-$2.52M
MTGexited-80,658-$2.29M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001767366-26-000001, largest first. % of portfolio is the value over $111,002,361, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BBTBEACON FINANCIAL CORP.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 344,828 shares; 2025Q1: 344,828 shares; 2025Q2: 344,828 shares; 2025Q3: 456,144 shares; 2025Q4: 544,828 shares 544,828$14.4M12.94%+88,684Timeline
BANCBANC OF CALIFORNIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 993,130 shares; 2024Q4: 993,130 shares; 2025Q1: 993,130 shares; 2025Q2: 993,130 shares; 2025Q3: 993,130 shares; 2025Q4: 725,000 shares 725,000$14M12.6%-268,130Timeline
ARCCARES CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 270,032 shares 270,032$5.46M4.92%newTimeline
RITMRITHM CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,000 shares; 2024Q4: 150,000 shares; 2025Q1: 87,500 shares; 2025Q2: 87,500 shares; 2025Q3: 275,000 shares; 2025Q4: 425,977 shares 425,977$4.64M4.18%+150,977Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: not reported; 2025Q1: 9,057 shares; 2025Q2: 9,000 shares; 2025Q3: 5,000 shares; 2025Q4: 12,500 shares 12,500$4.03M3.63%+7,500Timeline
BIZDVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 274,000 shares 274,000$3.89M3.5%newTimeline
ONBOLD NATL BANCORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 46,684 shares; 2025Q1: 46,684 shares; 2025Q2: 46,684 shares; 2025Q3: 125,000 shares; 2025Q4: 145,000 shares 145,000$3.23M2.91%+20,000Timeline
BXSLBLACKSTONE SECD LENDING FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 107,000 shares 107,000$2.82M2.54%newTimeline
WSBCWESBANCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 363,639 shares; 2024Q4: not reported; 2025Q1: 12,189 shares; 2025Q2: 54,000 shares; 2025Q3: 80,000 shares; 2025Q4: 80,300 shares 80,300$2.67M2.4%+300Timeline
USBUS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 51,150 shares; 2025Q1: not reported; 2025Q2: 50,000 shares; 2025Q3: 45,000 shares; 2025Q4: 50,000 shares 50,000$2.67M2.4%+5,000Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 18,000 shares 18,000$2.61M2.35%newTimeline
SBSISOUTHSIDE BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 57,500 shares; 2025Q4: 85,457 shares 85,457$2.6M2.34%+27,957Timeline
FNBF N B CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 25,000 shares; 2025Q3: 85,735 shares; 2025Q4: 143,997 shares 143,997$2.46M2.22%+58,262Timeline
MFAMFA FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 300,000 shares; 2025Q4: 252,500 shares 252,500$2.35M2.12%-47,500Timeline
BROBROWN & BROWN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 28,109 shares 28,109$2.24M2.02%newTimeline
RFREGIONS FINANCIAL CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 100,000 shares; 2025Q2: 84,000 shares; 2025Q3: 10,000 shares; 2025Q4: 80,000 shares 80,000$2.17M1.95%+70,000Timeline
FLGFLAGSTAR BANK NATIONAL ASSOCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 999,999 shares; 2024Q4: 166,666 shares; 2025Q1: 166,666 shares; 2025Q2: 166,666 shares; 2025Q3: 166,666 shares; 2025Q4: 166,666 shares 166,666$2.1M1.89%0Timeline
XLFSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 34,200 shares 34,200$1.87M1.69%newTimeline
CBCHUBB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares; 2025Q4: 6,000 shares 6,000$1.87M1.69%-4,000Timeline
TOWNTOWNEBANK PORTSMOUTH VAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 55,000 shares 55,000$1.84M1.65%newTimeline
ITBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 18,600 shares 18,600$1.79M1.61%newTimeline
BUSEFIRST BUSEY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 23,509 shares; 2025Q2: 64,385 shares; 2025Q3: 50,000 shares; 2025Q4: 71,920 shares 71,920$1.71M1.54%+21,920Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,400 shares; 2025Q2: not reported; 2025Q3: 6,000 shares; 2025Q4: 3,200 shares 3,200$1.67M1.51%-2,800Timeline
PNCPNC FINL SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,000 shares; 2025Q2: 12,000 shares; 2025Q3: 12,000 shares; 2025Q4: 8,000 shares 8,000$1.67M1.5%-4,000Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,540 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,760 shares 4,760$1.67M1.5%newTimeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 36,800 shares; 2025Q2: 42,500 shares; 2025Q3: 27,500 shares; 2025Q4: 30,000 shares 30,000$1.65M1.49%+2,500Timeline
RJFRAYMOND JAMES FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 11,975 shares; 2025Q4: 10,148 shares 10,148$1.63M1.47%-1,827Timeline
HBNCHORIZON BANCORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 94,817 shares; 2025Q4: 95,462 shares 95,462$1.62M1.46%+645Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 29,500 shares; 2025Q2: 20,000 shares; 2025Q3: 17,500 shares; 2025Q4: 13,500 shares 13,500$1.58M1.42%-4,000Timeline
TFCTRUIST FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,000 shares; 2024Q4: 32,500 shares; 2025Q1: not reported; 2025Q2: 27,500 shares; 2025Q3: 55,308 shares; 2025Q4: 32,000 shares 32,000$1.57M1.42%-23,308Timeline
FISIFINANCIAL INSTITUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,889 shares; 2024Q4: 171,889 shares; 2025Q1: 80,085 shares; 2025Q2: 87,584 shares; 2025Q3: 50,000 shares; 2025Q4: 50,000 shares 50,000$1.56M1.4%0Timeline
FFBC1ST FINL BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 60,000 shares 60,000$1.5M1.35%newTimeline
WDWALKER & DUNLOP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 9,000 shares; 2025Q4: 24,800 shares 24,800$1.49M1.34%+15,800Timeline
TRVTRAVELERS COMPANIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,700 shares; 2025Q3: not reported; 2025Q4: 5,000 shares 5,000$1.45M1.31%newTimeline
HIGHARTFORD INSURANCE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 23,500 shares; 2025Q4: 9,000 shares 9,000$1.24M1.12%-14,500Timeline
UMBFUMB FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,500 shares; 2025Q3: 5,741 shares; 2025Q4: 10,000 shares 10,000$1.15M1.04%+4,259Timeline
FULTFULTON FINL CORP PAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 63,040 shares; 2025Q4: 57,509 shares 57,509$1.11M1%-5,531Timeline
NWBINORTHWEST BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 90,000 shares 90,000$1.08M0.97%newTimeline
GLGLOBE LIFE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,250 shares; 2024Q4: 25,200 shares; 2025Q1: 5,000 shares; 2025Q2: 3,000 shares; 2025Q3: 2,682 shares; 2025Q4: 7,500 shares 7,500$1.05M0.94%+4,818Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 11,650 shares; 2025Q4: 4,900 shares 4,900$794K0.71%-6,750Timeline
PINNACLE FINL PARTNERS INCPINNACLE FINL PARTNERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 7,500 shares 7,500$716K0.64%new
TMHCTAYLOR MORRISON HOME CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 16,087 shares; 2025Q2: 16,087 shares; 2025Q3: 6,587 shares; 2025Q4: 9,000 shares 9,000$530K0.48%+2,413Timeline
BPOPPOPULAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,135 shares; 2025Q1: 12,635 shares; 2025Q2: 14,307 shares; 2025Q3: 6,000 shares; 2025Q4: 3,000 shares 3,000$374K0.34%-3,000Timeline
FAFFIRST AMERN FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 16,780 shares; 2025Q2: 19,187 shares; 2025Q3: 5,000 shares; 2025Q4: 5,000 shares 5,000$307K0.28%0Timeline
BKUBANKUNITED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 27,500 shares; 2025Q2: 40,000 shares; 2025Q3: 25,000 shares; 2025Q4: 5,000 shares 5,000$223K0.2%-20,000Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
RSPINVESCO EXCHANGE TRADED FD T COMput1,104,500$212Mnew
KRESPDR SERIES TRUST ST STR SP REGBNKput275,000$17.8M-25,000
JPMJPMORGAN CHASE & CO COMput22,500$7.25M+7,500
USBUS BANCORP COM NEWput130,000$6.94M+60,000
ARCCARES CAPITAL CORP COMput300,000$6.07Mnew
BIZDVANECK ETF TRUST BDC INCOME ETFput400,000$5.67Mnew
RITMRITHM CAPITAL CORP REITput450,000$4.91M+175,000
CBCHUBB LIMITED COMput12,500$3.9M0
CCITIGROUP INC COMput30,000$3.5M0
RFREGIONS FINANCIAL CORP NEW Stockput125,000$3.39Mnew
HIGHARTFORD INSURANCE GROUP INC Stockput24,000$3.31M-6,000
BACBANK OF AMER CORP COMput60,000$3.3M+10,000
BXSLBLACKSTONE SECD LENDING FD COMMON STOCKput125,000$3.29Mnew
XLFSELECT SECTOR SPDR TR SHSput60,000$3.29Mnew
ICEINTERCONTINENTAL EXCHANGE IN COMput20,000$3.24M+7,500
TRVTRAVELERS COMPANIES INC Stockput11,000$3.19Mnew
BROBROWN & BROWN INC Stockput40,000$3.19Mnew
SPGIS&P GLOBAL INC COMput6,000$3.14M0
PNCPNC FINL SVCS GROUP INC Stockput15,000$3.13M0
VVISA INC COMput8,500$2.98Mnew
APOAPOLLO GLOBAL MGMT INC Stockput20,000$2.9Mnew
RJFRAYMOND JAMES FINL INC Stockput17,500$2.81M0
GLGLOBE LIFE INC COMput20,000$2.8Mnew
TFCTRUIST FINL CORP Stockput50,000$2.46M-20,000
MFAMFA FINL INC REITput250,000$2.33M-50,000
ITBISHARES TR US HOME CONS ETFput20,000$1.93Mnew
WDWALKER & DUNLOP INC STOKput30,000$1.8M+10,000
PINNACLE FINL PARTNERS INCPINNACLE FINL PARTNERS INC COMput15,000$1.43Mnew

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T280,200$187Mput
GUILD HLDGS COGUILD HLDGS CO1,595,844$31.8Mshares
MTGMGIC INVT CORP WIS113,000$3.21Mput
ESNTESSENT GROUP LTD50,000$3.18Mput
MRSHMARSH & MCLENNAN COS INC15,000$3.02Mput
INVHINVITATION HOMES INC100,000$2.93Mput
MAMASTERCARD INCORPORATED5,000$2.84Mput
NTRSNORTHERN TR CORP20,000$2.69Mput
ESNTESSENT GROUP LTD42,300$2.69Mshares
ALLALLSTATE CORP12,500$2.68Mput
FITBFIFTH THIRD BANCORP60,000$2.67Mput
HBANHUNTINGTON BANCSHARES INC150,000$2.59Mput
TROWPRICE T ROWE GROUP INC25,000$2.57Mput
MAMASTERCARD INCORPORATED4,423$2.52Mshares
MTGMGIC INVT CORP WIS80,658$2.29Mshares
TROWPRICE T ROWE GROUP INC20,616$2.12Mshares
INVHINVITATION HOMES INC70,000$2.05Mshares
HBANHUNTINGTON BANCSHARES INC118,214$2.04Mshares
FAFFIRST AMERN FINL CORP30,000$1.93Mput
FITBFIFTH THIRD BANCORP42,500$1.89Mshares
MRSHMARSH & MCLENNAN COS INC8,100$1.63Mshares
NTRSNORTHERN TR CORP11,396$1.53Mshares
PBPROSPERITY BANCSHARES INC10,000$664Kshares
ALLALLSTATE CORP3,000$644Kshares
JLLJONES LANG LASALLE INC1,050$313Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001767366-26-000001 base2026-02-13acceptance time not in the bulk data set