Orinda Asset Management LLC

CIK

1502631

Location

LAFAYETTE, CA

Portfolio Value

Micro $32,963,106

Diversification

Diversified

Filing Date

Global Rank

#4,590 / 5,291 ▼ 70 · as of Sep 2020

Top Industry

REIT - Mortgage 46.4%

3Y Alpha vs SPY

-10.3%

Period ended 5 years ago

Filed Oct 20, 2020 · 5y

3 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+34.7%

SPY

+76.5%

Annualised alpha

-10.4%

Max drawdown

−17.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

24 positions · as of Sep 30, 2020 · Δ vs Jun 30, 2020

Top Position

11.3%

+1.0 pts

Top 5

46.8%

+2.8 pts

Top 10

73.4%

+4.3 pts

HHI

650

Diversified+29

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2020

Sector	% Portfolio	Value	Positions
Real Estate	96.2%	$31,707,385	23
Financial Services	3.8%	$1,255,721	1

Last Quarter's Activity

Export CSV

Sep 30, 2020 vs Jun 30, 2020

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
SBRA	Sabra Health Care REIT, Inc.	+83,242	199,797	$2,755,200
ARI	Apollo Commercial Real Estate Finance, Inc.	+34,829	170,000	$1,531,700
GNL	Global Net Lease, Inc.	+25,805	40,635	$646,096
STAG	STAG Industrial, Inc.	+22,066	92,066	$2,807,092
IRM	Iron Mountain Inc	+15,000	45,000	$1,205,550
KREF	KKR Real Estate Finance Trust Inc.	+5,000	33,614	$555,639
TRTX	TPG RE Finance Trust, Inc.	+5,000	190,000	$1,607,400
LADR	Ladder Capital Corp	+5,000	105,000	$747,600
DLR	Digital Realty Trust, Inc.	+1,885	11,885	$1,744,242
WPC	W. P. Carey Inc.	+300	45,300	$2,891,036
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
JPC	Nuveen Preferred & Income Opportunities Fund	−229,994	147,906	$1,255,721
ABR	Arbor Realty Trust Inc	−55,000	325,000	$3,727,750
VNO	Vornado Realty Trust	−17,500	15,000	$505,650
BXP	BXP, Inc.	−8,000	4,000	$321,200
STWD	Starwood Property Trust, Inc.	−7,500	117,500	$1,773,075
BXMT	Blackstone Mortgage Trust, Inc.	−300	148,300	$3,258,151
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
TRNO	Terreno Realty Corp	17,714	$970,018
SPG	Simon Property Group Inc.	11,000	$711,480
REXR	Rexford Industrial Realty, Inc.	10,000	$457,600
PLD	Prologis, Inc.	4,000	$402,480
FR	First Industrial Realty Trust Inc	10,000	$398,000
IRT	Independence Realty Trust, Inc.	30,602	$354,677
NTST	NETSTREIT Corp.	13,650	$249,249
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
ESS	Essex Property Trust, Inc.	7,000	$1,604,190
VTR	Ventas, Inc.	37,500	$1,373,250
INVH	Invitation Homes Inc.	41,000	$1,128,730
ACRE	Ares Commercial Real Estate Corp	30,000	$273,600
SKT	Tanger Inc.	30,000	$213,900
GPMT	Granite Point Mortgage Trust Inc.	25,000	$179,500
MAC	Macerich Co	16,420	$147,287
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 positions · $32,963,106 total · as of Sep 30, 2020

All sectors Financial Services Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ABR	Arbor Realty Trust Inc Real Estate	Reduced	325,000	-55,000	$3,727,750	+6.2%	11.31%
BXMT	Blackstone Mortgage Trust, Inc. Real Estate	Reduced	148,300	-300	$3,258,151	−9.0%	9.88%
WPC	W. P. Carey Inc. Real Estate	Added	45,300	+300	$2,891,036	−3.0%	8.77%
STAG	STAG Industrial, Inc. Real Estate	Added	92,066	+22,066	$2,807,092	+36.8%	8.52%
SBRA	Sabra Health Care REIT, Inc. Real Estate	Added	199,797	+83,242	$2,755,200	+63.8%	8.36%
AGNC	AGNC Investment Corp. Real Estate	Held	150,000	0	$2,086,500	+7.8%	6.33%
STWD	Starwood Property Trust, Inc. Real Estate	Reduced	117,500	-7,500	$1,773,075	−5.2%	5.38%
DLR	Digital Realty Trust, Inc. Real Estate	Added	11,885	+1,885	$1,744,242	+22.7%	5.29%
TRTX	TPG RE Finance Trust, Inc. Real Estate	Added	190,000	+5,000	$1,607,400	+1.0%	4.88%
ARI	Apollo Commercial Real Estate Finance, Inc. Real Estate	Added	170,000	+34,829	$1,531,700	+15.5%	4.65%
JPC	Nuveen Preferred & Income Opportunities Fund Financial Services	Reduced	147,906	-229,994	$1,255,721	−59.6%	3.81%
IRM	Iron Mountain Inc Real Estate	Added	45,000	+15,000	$1,205,550	+54.0%	3.66%
TRNO	Terreno Realty Corp Real Estate	NEW	17,714	NEW	$970,018	NEW	2.94%
LADR	Ladder Capital Corp Real Estate	Added	105,000	+5,000	$747,600	−7.7%	2.27%
SPG	Simon Property Group Inc. Real Estate	NEW	11,000	NEW	$711,480	NEW	2.16%
GNL	Global Net Lease, Inc. Real Estate	Added	40,635	+25,805	$646,096	+160.4%	1.96%
KREF	KKR Real Estate Finance Trust Inc. Real Estate	Added	33,614	+5,000	$555,639	+17.1%	1.69%
VNO	Vornado Realty Trust Real Estate	Reduced	15,000	-17,500	$505,650	−59.3%	1.53%
REXR	Rexford Industrial Realty, Inc. Real Estate	NEW	10,000	NEW	$457,600	NEW	1.39%
PLD	Prologis, Inc. Real Estate	NEW	4,000	NEW	$402,480	NEW	1.22%
FR	First Industrial Realty Trust Inc Real Estate	NEW	10,000	NEW	$398,000	NEW	1.21%
IRT	Independence Realty Trust, Inc. Real Estate	NEW	30,602	NEW	$354,677	NEW	1.08%
BXP	BXP, Inc. Real Estate	Reduced	4,000	-8,000	$321,200	−70.4%	0.97%
NTST	NETSTREIT Corp. Real Estate	NEW	13,650	NEW	$249,249	NEW	0.76%