Updated
The most significant concentration Chimera Investment discloses is residential mortgage loans at 65%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Chimera Investment’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'approximately 65% of our investment portfolio was allocated to residential mortgage loans, 23% to Agency MBS, 5% to Non-Agency RMBS and less than 1% to interests in MSR financing receivables'”
“10-K Item 1A: 'A significant portion of our investments are in the most subordinated first-loss position of the capital structure of Non-Agency RMBS, disproportionately exposing us to credit risk.'”
“10-K Item 1A: 'A significant portion of our Non-Agency RMBS and residential loans are secured by properties in a small number of geographic areas and may be disproportionately affected by adverse events in those markets.'”
“10-K Item 1A: 'Our asset management and advisory services business has significant client concentration.'”
Chimera Investment's book is built around a concentrated bet on residential credit: roughly 65% of the investment portfolio is allocated to residential mortgage loans, versus 23% to Agency MBS and 5% to Non-Agency RMBS, a high, structural concentration. That concentration is compounded by portfolio construction — a significant portion of investments sit in the most subordinated, first-loss position of the Non-Agency RMBS capital structure, disproportionately exposing the company to credit risk, also disclosed at a high level. Layered on top is a geographic concentration, with a significant portion of the Non-Agency RMBS and residential loans secured by properties in a small number of geographic areas, a medium-sized, structural exposure that could compound losses if those regional markets weaken together with credit performance. Separately, the asset management and advisory services business carries significant client concentration, a medium dependency distinct from the investment portfolio's credit risk. The first three exposures reinforce one another — asset class, capital-structure position, and geography all point toward the same credit-cycle sensitivity — while the advisory client concentration is a separate, idiosyncratic line that could affect fee income independently of the mortgage book's performance.
For the engine’s reasoning on CIM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CIM● | Chimera Investment Corporation | 2 | 2 | 0 | 4 |
| ABR | Arbor Realty Trust | 2 | 0 | 2 | 4 |
| AGNC | AGNC Investment Corp. | 0 | 2 | 0 | 2 |
| AGNCM | AGNC Investment Corp. - Deposit | 0 | 2 | 0 | 2 |
| ADAM | Adamas Trust, Inc. | 0 | 0 | 0 | 0 |
| AGNCN | AGNC Investment Corp. - Deposit | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.