EMG Holdings, L.P. Hedge Fund

CIK: 0001478394 · Show all filings

Period: Q2 2024 (← Previous) (Next →)

Filing Date: Aug 12, 2024

Total Value ($000): $203,465 (98.3% shares, 1.7% debt)

Holdings (35)

SPY SPDR S&P 500 ETF TR 13.4%

Value ($000) $27,211 Shares 50,000 Est. Cost — Unrealized —

IWM ISHARES TR 13.0%

Value ($000) $26,355 Shares 129,900 Est. Cost — Unrealized —

NCLH NORWEGIAN CRUISE LINE HLDG L 7.8%

Value ($000) $15,972 Shares 850,000 Est. Cost — Unrealized —

HYG ISHARES TR 7.0%

Value ($000) $14,309 Shares 185,500 Est. Cost $73.94 Unrealized —

EFC ELLINGTON FINANCIAL INC 5.5%

Value ($000) $11,200 Shares 927,141 Est. Cost $18.25 Unrealized —

CCL CARNIVAL CORP 5.3%

Value ($000) $10,858 Shares 580,000 Est. Cost — Unrealized —

MFA MFA FINL INC 4.0%

Value ($000) $8,062 Shares 757,693 Est. Cost $9.61 Unrealized —

ADAM NEW YORK MTG TR INC 3.4%

Value ($000) $7,007 Shares 1,199,850 Est. Cost $7.35 Unrealized —

— GREAT AJAX CORP 3.4%

Value ($000) $6,928 Shares 1,940,649 Est. Cost $6.26 Unrealized —

BZH BEAZER HOMES USA INC 3.3%

Value ($000) $6,797 Shares 247,349 Est. Cost $28.56 Unrealized -0.7%

TMHC TAYLOR MORRISON HOME CORP 3.0%

Value ($000) $6,098 Shares 110,000 Est. Cost $57.15 Unrealized 0.0%

PFSI PENNYMAC FINL SVCS INC NEW 3.0%

Value ($000) $6,097 Shares 64,451 Est. Cost $86.99 Unrealized +1.8%

HD HOME DEPOT INC 2.7%

Value ($000) $5,422 Shares 15,750 Est. Cost $327.56 Unrealized 0.0%

SATS ECHOSTAR CORP 2.6%

Value ($000) $5,343 Shares 300,000 Est. Cost — Unrealized —

TREX TREX CO INC 2.6%

Value ($000) $5,188 Shares 70,000 Est. Cost — Unrealized —

AGNC AGNC INVT CORP 2.3%

Value ($000) $4,770 Shares 500,000 Est. Cost — Unrealized —

DX DYNEX CAP INC 2.3%

Value ($000) $4,738 Shares 396,832 Est. Cost $11.94 Unrealized —

AAL AMERICAN AIRLS GROUP INC 2.2%

Value ($000) $4,532 Shares 400,000 Est. Cost — Unrealized —

TOL TOLL BROTHERS INC 1.4%

Value ($000) $2,880 Shares 25,000 Est. Cost $121.04 Unrealized 0.0%

RDN RADIAN GROUP INC 1.2%

Value ($000) $2,347 Shares 75,465 Est. Cost $29.39 Unrealized 0.0%

— MR COOPER GROUP INC 1.1%

Value ($000) $2,278 Shares 28,042 Est. Cost $49.10 Unrealized —

HYG ISHARES TR 1.1%

Value ($000) $2,143 Shares 27,776 Est. Cost $73.94 Unrealized —

MTG MGIC INVT CORP WIS 1.0%

Value ($000) $2,128 Shares 98,765 Est. Cost $20.75 Unrealized 0.0%

OPRT OPORTUN FINL CORP 1.0%

Value ($000) $2,064 Shares 711,631 Est. Cost $5.53 Unrealized -45.1%

— VROOM INC 1.0%

Value ($000) $1,963 Shares 3,700,000 Est. Cost $0.36 Unrealized —

MTH MERITAGE HOMES CORP 0.9%

Value ($000) $1,774 Shares 10,961 Est. Cost $74.91 Unrealized +12.3%

— AZEK CO INC 0.8%

Value ($000) $1,724 Shares 40,911 Est. Cost $42.13 Unrealized —

ESNT ESSENT GROUP LTD 0.8%

Value ($000) $1,686 Shares 30,000 Est. Cost $54.34 Unrealized 0.0%

AMWD AMERICAN WOODMARK CORPORATIO 0.6%

Value ($000) $1,253 Shares 15,945 Est. Cost $94.21 Unrealized -4.2%

EARN ELLINGTON CREDIT COMPANY 0.5%

Value ($000) $1,036 Shares 149,086 Est. Cost $11.37 Unrealized —

— PENNYMAC CORP 0.5%

Value ($000) $952 Shares 1,000,000 Est. Cost $0.96 Unrealized —

FOR FORESTAR GROUP INC 0.4%

Value ($000) $911 Shares 28,487 Est. Cost $33.84 Unrealized 0.0%

ENVA ENOVA INTL INC 0.3%

Value ($000) $623 Shares 10,000 Est. Cost — Unrealized —

— PENNYMAC CORP 0.2%

Value ($000) $499 Shares 500,000 Est. Cost $0.98 Unrealized —

MITT AG MTG INVT TR INC 0.2%

Value ($000) $318 Shares 47,846 Est. Cost $9.90 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	50,000	$27,211	13.4%	—	—	Put	78462F103
IWM	ISHARES TR	129,900	$26,355	13.0%	—	—	Put	464287655
NCLH	NORWEGIAN CRUISE LINE HLDG L	850,000	$15,972	7.8%	—	—	Put	G66721104
HYG	ISHARES TR	185,500	$14,309	7.0%	$73.94	—	Put	464288513
EFC	ELLINGTON FINANCIAL INC	927,141	$11,200	5.5%	$18.25	—	COM	28852N109
CCL	CARNIVAL CORP	580,000	$10,858	5.3%	—	—	Put	143658300
MFA	MFA FINL INC	757,693	$8,062	4.0%	$9.61	—	COM	55272X607
ADAM	NEW YORK MTG TR INC	1,199,850	$7,007	3.4%	$7.35	—	COM	649604840
—	GREAT AJAX CORP	1,940,649	$6,928	3.4%	$6.26	—	COM	38983D300
BZH	BEAZER HOMES USA INC	247,349	$6,797	3.3%	$28.56	-0.7%	COM NEW	07556Q881
TMHC	TAYLOR MORRISON HOME CORP	110,000	$6,098	3.0%	$57.15	0.0%	COM	87724P106
PFSI	PENNYMAC FINL SVCS INC NEW	64,451	$6,097	3.0%	$86.99	+1.8%	COM	70932M107
HD	HOME DEPOT INC	15,750	$5,422	2.7%	$327.56	0.0%	COM	437076102
SATS	ECHOSTAR CORP	300,000	$5,343	2.6%	—	—	Put	278768106
TREX	TREX CO INC	70,000	$5,188	2.6%	—	—	Call	89531P105
AGNC	AGNC INVT CORP	500,000	$4,770	2.3%	—	—	Put	00123Q104
DX	DYNEX CAP INC	396,832	$4,738	2.3%	$11.94	—	COM	26817Q886
AAL	AMERICAN AIRLS GROUP INC	400,000	$4,532	2.2%	—	—	Put	02376R102
TOL	TOLL BROTHERS INC	25,000	$2,880	1.4%	$121.04	0.0%	COM	889478103
RDN	RADIAN GROUP INC	75,465	$2,347	1.2%	$29.39	0.0%	COM	750236101
—	MR COOPER GROUP INC	28,042	$2,278	1.1%	$49.10	—	COM	62482R107
HYG	ISHARES TR	27,776	$2,143	1.1%	$73.94	—	IBOXX HI YD ETF	464288513
MTG	MGIC INVT CORP WIS	98,765	$2,128	1.0%	$20.75	0.0%	COM	552848103
OPRT	OPORTUN FINL CORP	711,631	$2,064	1.0%	$5.53	-45.1%	COM	68376D104
—	VROOM INC	3,700,000	$1,963	1.0%	$0.36	—	NOTE 0.750% 7/0	92918VAB5
MTH	MERITAGE HOMES CORP	10,961	$1,774	0.9%	$74.91	+12.3%	COM	59001A102
—	AZEK CO INC	40,911	$1,724	0.8%	$42.13	—	CL A	05478C105
ESNT	ESSENT GROUP LTD	30,000	$1,686	0.8%	$54.34	0.0%	COM	G3198U102
AMWD	AMERICAN WOODMARK CORPORATIO	15,945	$1,253	0.6%	$94.21	-4.2%	COM	030506109
EARN	ELLINGTON CREDIT COMPANY	149,086	$1,036	0.5%	$11.37	—	COM SHS BEN INT	288578107
—	PENNYMAC CORP	1,000,000	$952	0.5%	$0.96	—	NOTE 5.500% 3/1	70932AAF0
FOR	FORESTAR GROUP INC	28,487	$911	0.4%	$33.84	0.0%	COM	346232101
ENVA	ENOVA INTL INC	10,000	$623	0.3%	—	—	Put	29357K103
—	PENNYMAC CORP	500,000	$499	0.2%	$0.98	—	NOTE 5.500%11/0	70932AAD5
MITT	AG MTG INVT TR INC	47,846	$318	0.2%	$9.90	—	COM NEW	001228501