Bayview Asset Management, LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Bayview Asset Management, LLC reported 35 stock positions worth $99.4 million . Its top holding was Guild Class A (GHLD) at 31.8% of the portfolio, followed by Banc of California (BANC, 14.0% ) and Beacon Financial (BBT, 8.7% ). Compared with Q1 2025, it opened 8 new positions, sold out of 6, added to 8 and reduced 10. The biggest buy was a new position in Bank of New York Mellon (BNY) and the biggest sale an exit from Avalonbay Communities (AVB).
Location CORAL GABLES, FL
CIK 0001767366
Portfolio Value $99.4M (Q2 2025) Holdings 35 stocks · $99.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 GHLD Guild Holdings Co. Class A 1,595,844 $31.5M No change BANC Banc of California Inc. 993,130 $14.0M No change BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 344,828 $8.6M No change BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 35,500 $3.2M New JPM JPMorgan Chase & Co. 9,000 $2.6M Reduce -0.6% USB US Bancorp 50,000 $2.3M New FISI Financial Institutions Inc. 87,584 $2.2M Add +9.4% PNC PNC Financial Services Group 12,000 $2.2M Reduce -20.0% BAC Bank of America Corp. filed as BANK AMERICA CORP 42,500 $2.0M Add +15.5% RF Regions Financial Corp. 84,000 $2.0M Reduce -16.0% STT State Street Corp. 18,250 $1.9M Reduce -8.8% TRV The Travelers Cos Inc. 6,700 $1.8M New NLY Annaly Capital Management Inc. 95,000 $1.8M New FLG Flagstar Bank NA 166,666 $1.8M No change WSBC Wesbanco Inc. 54,000 $1.7M Add +343.0% C Citigroup Inc. 20,000 $1.7M Reduce -32.2% BPOP Popular Inc. 14,307 $1.6M Add +13.2% SCHW Schwab (charles) Corp. 17,250 $1.6M Add +64.2% BUSE First Busey Corp. 64,385 $1.5M Add +173.9% BKU Bankunited Inc. 40,000 $1.4M Add +45.5% NTRS Northern Trust Corp. 10,000 $1.3M Reduce -50.7% TFC Truist Financial Corp. 27,500 $1.2M New FAF First American Financial 19,187 $1.2M Add +14.3% ZION Zions Bancorp NA 20,000 $1.0M New ONB Old National Bancorp 46,684 $996K No change TMHC Taylor Morrison Home Corp. 16,087 $988K No change RITM Rithm Capital Corp. 87,500 $988K No change PHM Pultegroup Inc. 9,330 $984K Reduce -34.7% ESNT Essent Group Ltd. 12,300 $747K No change DHI D.R. Horton Inc. 4,890 $630K Reduce -52.9% UMBF Umb Financial Corp. 5,500 $578K New GL Globe Life Inc. 3,000 $373K Reduce -40.0% FNB FNB Corp. 25,000 $365K New JLL Jones Lang Lasalle Inc. 1,226 $314K Reduce -75.8% MTH Meritage Homes Corp. 3,896 $261K No change
Options reported separately and not counted above: SPY puts ($100.2M), KRE puts ($7.4M), JPM puts ($5.8M), KRE calls ($4.5M), BNY puts ($4.1M), BAC puts ($3.5M), PNC puts ($2.8M), TRV puts ($2.7M), STT puts ($2.7M), C puts ($2.6M), HIG calls ($2.5M), NTRS puts ($2.5M), and 10 more.
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ AVB Avalonbay Communities Inc. Sold out 0.00% −2.41 WBS Webster Financial Corp. Sold out 0.00% −2.07 MA Mastercard Inc. Class A Sold out 0.00% −1.81 HBAN Huntington Bancshares Inc. Sold out 0.00% −1.69 V Visa Inc. Class A Sold out 0.00% −1.39 SPGI S&P Global Inc. Sold out 0.00% −1.37 JLL Jones Lang Lasalle Inc. Reduce -75.8% 0.32% −1.10 NTRS Northern Trust Corp. Reduce -50.7% 1.28% −0.97 DHI D.R. Horton Inc. Reduce -52.9% 0.63% −0.85 PNC PNC Financial Services Group Reduce -20.0% 2.25% −0.71 PHM Pultegroup Inc. Reduce -34.7% 0.99% −0.66 C Citigroup Inc. Reduce -32.2% 1.71% −0.64 RF Regions Financial Corp. Reduce -16.0% 1.99% −0.45 GL Globe Life Inc. Reduce -40.0% 0.38% −0.36 STT State Street Corp. Reduce -8.8% 1.95% −0.06 JPM JPMorgan Chase & Co. Reduce -0.6% 2.63% +0.13
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ BNY Bank of New York Mellon Corp. New 3.26% +3.26 USB US Bancorp New 2.28% +2.28 TRV The Travelers Cos Inc. New 1.80% +1.80 NLY Annaly Capital Management Inc. New 1.80% +1.80 WSBC Wesbanco Inc. Add +343.0% 1.72% +1.30 TFC Truist Financial Corp. New 1.19% +1.19 ZION Zions Bancorp NA New 1.05% +1.05 BUSE First Busey Corp. Add +173.9% 1.48% +0.91 SCHW Schwab (charles) Corp. Add +64.2% 1.58% +0.66 UMBF Umb Financial Corp. New 0.58% +0.58 BKU Bankunited Inc. Add +45.5% 1.43% +0.37 FNB FNB Corp. New 0.37% +0.37 BAC Bank of America Corp. Add +15.5% 2.02% +0.30 BPOP Popular Inc. Add +13.2% 1.59% +0.28 FISI Financial Institutions Inc. Add +9.4% 2.26% +0.02 FAF First American Financial Add +14.3% 1.19% −0.05
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -6.2% 162,200 $100.2M KRE SS SPDR S&P Regional Bank put Reduce -28.6% 125,000 $7.4M JPM JPMorgan Chase & Co. put Add +100.0% 20,000 $5.8M KRE SS SPDR S&P Regional Bank call Add +50.0% 75,000 $4.5M BNY Bank of New York Mellon Corp. put New 45,000 $4.1M BAC Bank of America Corp. put Add +87.5% 75,000 $3.5M TRV The Travelers Cos Inc. put New 10,000 $2.7M HIG Hartford Insurance Group Inc. call New 20,000 $2.5M NTRS Northern Trust Corp. put Reduce -33.3% 20,000 $2.5M NLY Annaly Capital Management Inc. put New 125,000 $2.4M SCHW Schwab (charles) Corp. put Add +25.0% 25,000 $2.3M USB US Bancorp put New 50,000 $2.3M MA Mastercard Inc. Class A put Sold out 4,000 $2.2Mbefore exit TFC Truist Financial Corp. put New 50,000 $2.1M AVB Avalonbay Communities Inc. put Sold out 10,000 $2.1Mbefore exit V Visa Inc. Class A put Sold out 6,000 $2.1Mbefore exit ZION Zions Bancorp NA put New 40,000 $2.1M SPGI S&P Global Inc. put Sold out 4,000 $2.0Mbefore exit ALL Allstate Corp. call New 10,000 $2.0M ITB iShares U.S. Home Constructi call Reduce -62.4% 19,500 $1.8M XLF SS Financial Select Sector put Sold out 35,000 $1.7Mbefore exit IYR iShares US Real Estate ETF put New 18,000 $1.7M FAF First American Financial put Sold out 25,000 $1.6Mbefore exit WBS Webster Financial Corp. put Sold out 30,000 $1.5Mbefore exit REM iShares Mortgage Real Estate put New 71,500 $1.5M HBAN Huntington Bancshares Inc. put Sold out 100,000 $1.5Mbefore exit JLL Jones Lang Lasalle Inc. put Sold out 5,000 $1.2Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 44 $133.8M FRBT, BBT, RITM, SSB, CBRE Q1 2026 42 $119.8M BANC, BBT, XLF, FNF, APO Q4 2025 45 $111.0M BBT, BANC, ARCC, RITM, JPM Q3 2025 45 $130.1M GHLD, BANC, BBT, HIG, RITM Q2 2025 35 $99.4M GHLD, BANC, BBT, BNY, JPM Q1 2025 33 $89.0M GHLD, BANC, BBT, PNC, JPM Q4 2024 21 $76.6M GHLD, BANC, BBT, FISI, GL Q3 2024 24 $179.2M ACT, GHLD, BANC, FLG, WSBC Q2 2024 28 $169.7M ACT, FLG, GHLD, BANC, WBS Q1 2024 23 $248.2M ACT, IYR, FLG, KRE, BANC