| 1 | NLY | Annaly Capital Management, Inc. | 19.36% |
| 2 | AGNC | AGNC Investment Corp. | 14.69% |
| 3 | STWD | Starwood Property Trust, Inc. | 10.81% |
| 4 | BXMT | Blackstone Mortgage Trust, Inc. | 4.59% |
| 5 | RITM | Rithm Capital Corp. | 4.43% |
| 6 | ABR | Arbor Realty Trust, Inc. | 4.32% |
| 7 | ARI | Apollo Commercial Real Estate Finance, Inc. | 3.10% |
| 8 | ARR | ARMOUR Residential REIT, Inc. | 3.09% |
| 9 | DX | Dynex Capital, Inc. | 2.89% |
| 10 | LADR | Ladder Capital Corp | 2.79% |
| 11 | EFC | Ellington Financial Inc. | 2.73% |
| 12 | PMT | PennyMac Mortgage Investment Trust | 2.53% |
| 13 | CIM | Chimera Investment Corporation | 2.53% |
| 14 | TWO | Two Harbors Investment Corp. | 2.52% |
| 15 | MFA | MFA Financial, Inc. | 2.24% |
| 16 | FBRT | Franklin BSP Realty Trust, Inc. | 2.04% |
| 17 | RWT | Redwood Trust, Inc. | 1.75% |
| 18 | ORC | Orchid Island Capital, Inc. | 1.72% |
| 19 | RC | Ready Capital Corporation | 1.72% |
| 20 | BRSP | BrightSpire Capital, Inc. | 1.53% |
| 21 | NYMT | New York Mortgage Trust, Inc. | 1.27% |
| 22 | TRTX | TPG RE Finance Trust, Inc. | 1.24% |
| 23 | KREF | KKR Real Estate Finance Trust Inc. | 1.17% |
| 24 | IVR | Invesco Mortgage Capital Inc. | 1.17% |
| 25 | CMTG | Claros Mortgage Trust, Inc. | 0.64% |
| View REM holdings |