| 1 | NLY | Annaly Capital Management, Inc. | 21.24% |
| 2 | AGNC | AGNC Investment Corp. | 15.84% |
| 3 | STWD | Starwood Property Trust, Inc. | 9.19% |
| 4 | BXMT | Blackstone Mortgage Trust, Inc. | 4.57% |
| 5 | RITM | Rithm Capital Corp. | 4.20% |
| 6 | ARR | ARMOUR Residential REIT, Inc. | 4.14% |
| 7 | DX | Dynex Capital, Inc. | 3.86% |
| 8 | ABR | Arbor Realty Trust, Inc. | 3.24% |
| 9 | ARI | Apollo Commercial Real Estate Finance, Inc. | 2.98% |
| 10 | EFC | Ellington Financial Inc. | 2.70% |
| 11 | LADR | Ladder Capital Corp | 2.68% |
| 12 | PMT | PennyMac Mortgage Investment Trust | 2.37% |
| 13 | TWO | Two Harbors Investment Corp. | 2.28% |
| 14 | CIM | Chimera Investment Corporation | 2.19% |
| 15 | MFA | MFA Financial, Inc. | 2.10% |
| 16 | ORC | Orchid Island Capital, Inc. | 2.01% |
| 17 | FBRT | Franklin BSP Realty Trust, Inc. | 1.84% |
| 18 | RWT | Redwood Trust, Inc. | 1.60% |
| 19 | BRSP | BrightSpire Capital, Inc. | 1.57% |
| 20 | ADAM | Adamas Trust, Inc. | 1.36% |
| 21 | TRTX | TPG RE Finance Trust, Inc. | 1.30% |
| 22 | IVR | Invesco Mortgage Capital Inc. | 1.18% |
| 23 | KREF | KKR Real Estate Finance Trust Inc. | 1.04% |
| 24 | RC | Ready Capital Corporation | 0.94% |
| 25 | CMTG | Claros Mortgage Trust, Inc. | 0.69% |
| View REM holdings |