Why One Fund’s $6.6 Million Millrose Buy Looks Like a Bet on Homebuilders Staying Asset-Light
Key takeaways
- According to a May 8, 2026, SEC filing, Waterfall Asset Management bought 219,984 additional shares of Millrose Properties during the first quarter.
- This buy brought the Millrose Properties stake to 5.09% of Waterfall Asset Management’s 13F reportable AUM as of March 31, 2026.
- As of May 7, 2026, Millrose Properties shares were priced at $27, up 4.4% over the past year and vastly underperforming the S&P 500’s roughly 30% gain in the same period.
Jonathan Ponciano, The Motley Fool Mon, May 11, 2026 at 12:20 AM GMT+7 4 min read MRP APLE CPT RITM AVB Waterfall Asset Management increased its stake in Millrose Properties (NYSE:MRP), adding 219,984 shares in the first quarter, an estimated $6.62 million trade based on quarterly average pricing, according to a May 8, 2026, SEC filing.
According to a May 8, 2026, SEC filing, Waterfall Asset Management bought 219,984 additional shares of Millrose Properties during the first quarter. The estimated transaction value was $6.62 million based on the average closing price from January through March 2026. The position’s quarter-end value increased by $5.96 million, a figure that includes both the share purchases and stock price changes during the period.
This buy brought the Millrose Properties stake to 5.09% of Waterfall Asset Management’s 13F reportable AUM as of March 31, 2026.