| SSTATE STR SPDR S&P 500 ETF TSPY |
| 14.91% | 67.23% | $18.7M | 25,000 | $266.6M | 410,000 | -385,000-93.90% | Reduce |
| IINVESCO EXCH TRADED FD TR IIBKLN |
| 13.74% | 4.35% | $17.2M | 844,400 | $17.2M | 844,400 | 00.00% | Unchanged |
 ELLINGTON FINANCIALEFC |
| 12.21% | 2.87% | $15.3M | 1.1M | $11.4M | 961,018 | +161,934+16.85% | Add |
 AMERICAN HOMES 4 RENTAMH |
| 7.23% | — | $9.1M | 270,000 | $0 | 0 | +270,000 | New Buy |
 HOME DEPOT INCHD |
| 7.04% | — | $8.8M | 25,000 | $0 | 0 | +25,000 | New Buy |
| PPENNYMAC FINL SVCS INC NEWPFSI |
| 6.96% | 1.45% | $8.7M | 100,000 | $5.7M | 65,727 | +34,273+52.14% | Add |
| IISHARES TRTLT |
| 6.9% | — | $8.6M | 100,000 | $0 | 0 | +100,000 | New Buy |
 INVITATION HOMES INCINVH |
| 6.76% | — | $8.5M | 280,000 | $0 | 0 | +280,000 | New Buy |
 PENNYMAC MTG INVT TR REITCCU |
| 5.15% | — | $6.5M | 572,080 | $0 | 0 | +572,080 | New Buy |
 CENTURY COMMUNITIES INCCCS |
| 2.52% | 0.81% | $3.2M | 44,061 | $3.2M | 56,285 | -12,224-21.72% | Reduce |
 ROCKET COS INC COM CL ARKT |
| 2.52% | — | $3.2M | 200,000 | $0 | 0 | +200,000 | New Buy |
| MMFA FINL INC REITRIET |
| 2.45% | 1.54% | $3.1M | 317,127 | $6.1M | 638,478 | -321,351-50.33% | Reduce |
 OWENS CORNING NEW COMOC |
| 1.9% | — | $2.4M | 15,000 | $0 | 0 | +15,000 | New Buy |
 CAMDEN PPTY TRCPT |
| 1.85% | 1.36% | $2.3M | 20,176 | $5.4M | 55,176 | -35,000-63.43% | Reduce |
 M/I HOMES INCMHO |
| 1.71% | 1.47% | $2.1M | 13,343 | $5.8M | 47,700 | -34,357-72.03% | Reduce |
 FIRST AMERN FINL CORPFAF |
| 1.64% | — | $2.1M | 30,000 | $0 | 0 | +30,000 | New Buy |
 MID-AMER APT CMNTYS INCMAA |
| 1.64% | 1.07% | $2.1M | 14,800 | $4.2M | 34,800 | -20,000-57.47% | Reduce |
 RADIAN GROUP INCRDN |
| 1.5% | — | $1.9M | 50,000 | $0 | 0 | +50,000 | New Buy |
| OOPORTUN FINL CORP COMOPRT |
| 0.63% | 0.16% | $794,101 | 139,072 | $641,583 | 139,172 | -100-0.07% | Reduce |
| EELLINGTON CREDIT COMPANY COM SHS BEN INTEARN |
| 0.53% | 0.17% | $658,960 | 149,086 | $660,451 | 149,086 | 00.00% | Unchanged |
| BBEELINE HOLDINGS INCBLNE |
| 0.19% | 0.12% | $238,853 | 195,781 | $460,085 | 195,781 | 00.00% | Unchanged |
