| 1 | NLY | Annaly Capital Management, Inc. | 19.98% |
| 2 | AGNC | AGNC Investment Corp. | 14.54% |
| 3 | STWD | Starwood Property Trust, Inc. | 11.04% |
| 4 | ABR | Arbor Realty Trust, Inc. | 4.91% |
| 5 | RITM | Rithm Capital Corp. | 4.66% |
| 6 | BXMT | Blackstone Mortgage Trust, Inc. | 4.29% |
| 7 | ARR | ARMOUR Residential REIT, Inc. | 3.33% |
| 8 | ARI | Apollo Commercial Real Estate Finance, Inc. | 3.07% |
| 9 | DX | Dynex Capital, Inc. | 2.86% |
| 10 | LADR | Ladder Capital Corp | 2.80% |
| 11 | EFC | Ellington Financial Inc. | 2.70% |
| 12 | CIM | Chimera Investment Corporation | 2.36% |
| 13 | PMT | PennyMac Mortgage Investment Trust | 2.30% |
| 14 | TWO | Two Harbors Investment Corp. | 2.29% |
| 15 | MFA | MFA Financial, Inc. | 2.16% |
| 16 | FBRT | Franklin BSP Realty Trust, Inc. | 1.97% |
| 17 | RWT | Redwood Trust, Inc. | 1.71% |
| 18 | ORC | Orchid Island Capital, Inc. | 1.69% |
| 19 | BRSP | BrightSpire Capital, Inc. | 1.55% |
| 20 | RC | Ready Capital Corporation | 1.40% |
| 21 | TRTX | TPG RE Finance Trust, Inc. | 1.36% |
| 22 | NYMT | New York Mortgage Trust, Inc. | 1.27% |
| 23 | KREF | KKR Real Estate Finance Trust Inc. | 1.16% |
| 24 | IVR | Invesco Mortgage Capital Inc. | 1.11% |
| 25 | CMTG | Claros Mortgage Trust, Inc. | 0.69% |
| View REM holdings |