| 1 | NLY | Annaly Capital Management, Inc. | 22.30% |
| 2 | AGNC | AGNC Investment Corp. | 14.34% |
| 3 | STWD | Starwood Property Trust, Inc. | 7.89% |
| 4 | BXMT | Blackstone Mortgage Trust, Inc. | 4.72% |
| 5 | RITM | Rithm Capital Corp. | 4.56% |
| 6 | DX | Dynex Capital, Inc. | 4.36% |
| 7 | ARR | ARMOUR Residential REIT, Inc. | 4.02% |
| 8 | ARI | Apollo Commercial Real Estate Finance, Inc. | 3.29% |
| 9 | ABR | Arbor Realty Trust, Inc. | 3.25% |
| 10 | EFC | Ellington Financial Inc. | 3.18% |
| 11 | ORC | Orchid Island Capital, Inc. | 2.88% |
| 12 | TWO | Two Harbors Investment Corp. | 2.65% |
| 13 | LADR | Ladder Capital Corp | 2.50% |
| 14 | CIM | Chimera Investment Corporation | 2.29% |
| 15 | PMT | PennyMac Mortgage Investment Trust | 2.21% |
| 16 | MFA | MFA Financial, Inc. | 2.20% |
| 17 | BRSP | BrightSpire Capital, Inc. | 1.61% |
| 18 | FBRT | Franklin BSP Realty Trust, Inc. | 1.55% |
| 19 | RWT | Redwood Trust, Inc. | 1.52% |
| 20 | ADAM | Adamas Trust, Inc. | 1.35% |
| 21 | IVR | Invesco Mortgage Capital Inc. | 1.34% |
| 22 | TRTX | TPG RE Finance Trust, Inc. | 1.23% |
| 23 | KREF | KKR Real Estate Finance Trust Inc. | 0.76% |
| 24 | ACRE | Ares Commercial Real Estate Corporation | 0.57% |
| 25 | RC | Ready Capital Corporation | 0.50% |
| View REM holdings |