EMG Holdings, L.P. Hedge Fund

CIK: 0001478394 · Show all filings

Period: Q3 2024 (← Previous) (Next →)

Filing Date: Nov 12, 2024

Total Value ($000): $190,684 (98.5% shares, 1.5% debt)

Holdings (30)

SPY SPDR S&P 500 ETF TR 18.5%

Value ($000) $35,286 Shares 61,500 Est. Cost — Unrealized —

HD HOME DEPOT INC 15.9%

Value ($000) $30,390 Shares 75,000 Est. Cost $327.56 Unrealized +7.7%

NCLH NORWEGIAN CRUISE LINE HLDG L 9.1%

Value ($000) $17,434 Shares 850,000 Est. Cost — Unrealized —

IWM ISHARES TR 6.4%

Value ($000) $12,149 Shares 55,000 Est. Cost — Unrealized —

EFC ELLINGTON FINANCIAL INC 6.3%

Value ($000) $11,951 Shares 927,141 Est. Cost $18.25 Unrealized —

CCL CARNIVAL CORP 5.6%

Value ($000) $10,718 Shares 580,000 Est. Cost — Unrealized —

ADAM NEW YORK MTG TR INC 4.4%

Value ($000) $8,464 Shares 1,337,092 Est. Cost $7.25 Unrealized —

SATS ECHOSTAR CORP 3.9%

Value ($000) $7,446 Shares 300,000 Est. Cost — Unrealized —

— MR COOPER GROUP INC 3.8%

Value ($000) $7,212 Shares 78,242 Est. Cost $76.74 Unrealized —

TMHC TAYLOR MORRISON HOME CORP 3.4%

Value ($000) $6,534 Shares 93,000 Est. Cost $57.15 Unrealized +12.1%

— GREAT AJAX CORP 3.4%

Value ($000) $6,462 Shares 1,940,649 Est. Cost $6.26 Unrealized —

MFA MFA FINL INC 3.1%

Value ($000) $5,819 Shares 457,445 Est. Cost $9.61 Unrealized —

MTH MERITAGE HOMES CORP 2.5%

Value ($000) $4,831 Shares 23,560 Est. Cost $85.34 Unrealized +10.6%

AAL AMERICAN AIRLS GROUP INC 2.4%

Value ($000) $4,496 Shares 400,000 Est. Cost — Unrealized —

PFSI PENNYMAC FINL SVCS INC NEW 2.3%

Value ($000) $4,405 Shares 38,649 Est. Cost $86.99 Unrealized +15.5%

MAS MASCO CORP 1.3%

Value ($000) $2,518 Shares 30,000 Est. Cost $74.05 Unrealized 0.0%

HYG ISHARES TR 1.2%

Value ($000) $2,230 Shares 27,776 Est. Cost $73.94 Unrealized —

— BEACON ROOFING SUPPLY INC 1.1%

Value ($000) $2,189 Shares 25,327 Est. Cost $86.43 Unrealized —

OPRT OPORTUN FINL CORP 1.0%

Value ($000) $2,000 Shares 711,631 Est. Cost $5.53 Unrealized -47.5%

RKT ROCKET COS INC 0.8%

Value ($000) $1,564 Shares 81,496 Est. Cost $16.61 Unrealized 0.0%

— VROOM INC 0.7%

Value ($000) $1,345 Shares 2,500,000 Est. Cost $0.36 Unrealized —

EARN ELLINGTON CREDIT COMPANY 0.5%

Value ($000) $1,041 Shares 149,086 Est. Cost $11.37 Unrealized —

— PENNYMAC CORP 0.5%

Value ($000) $974 Shares 1,000,000 Est. Cost $0.96 Unrealized —

ENVA ENOVA INTL INC 0.4%

Value ($000) $838 Shares 10,000 Est. Cost — Unrealized —

ARHS ARHAUS INC 0.3%

Value ($000) $616 Shares 50,000 Est. Cost $13.51 Unrealized 0.0%

EXPI EXP WORLD HLDGS INC 0.3%

Value ($000) $515 Shares 36,521 Est. Cost $12.54 Unrealized 0.0%

— PENNYMAC CORP 0.3%

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

MITT AG MTG INVT TR INC 0.2%

Value ($000) $359 Shares 47,846 Est. Cost $9.90 Unrealized —

FOR FORESTAR GROUP INC 0.2%

Value ($000) $292 Shares 9,008 Est. Cost $33.84 Unrealized -8.0%

RWT REDWOOD TRUST INC 0.1%

Value ($000) $108 Shares 13,946 Est. Cost $7.73 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	61,500	$35,286	18.5%	—	—	Put	78462F103
HD	HOME DEPOT INC	75,000	$30,390	15.9%	$327.56	+7.7%	Put	437076102
NCLH	NORWEGIAN CRUISE LINE HLDG L	850,000	$17,434	9.1%	—	—	Put	G66721104
IWM	ISHARES TR	55,000	$12,149	6.4%	—	—	Put	464287655
EFC	ELLINGTON FINANCIAL INC	927,141	$11,951	6.3%	$18.25	—	COM	28852N109
CCL	CARNIVAL CORP	580,000	$10,718	5.6%	—	—	Put	143658300
ADAM	NEW YORK MTG TR INC	1,337,092	$8,464	4.4%	$7.25	—	COM	649604840
SATS	ECHOSTAR CORP	300,000	$7,446	3.9%	—	—	Put	278768106
—	MR COOPER GROUP INC	78,242	$7,212	3.8%	$76.74	—	COM	62482R107
TMHC	TAYLOR MORRISON HOME CORP	93,000	$6,534	3.4%	$57.15	+12.1%	COM	87724P106
—	GREAT AJAX CORP	1,940,649	$6,462	3.4%	$6.26	—	COM	38983D300
MFA	MFA FINL INC	457,445	$5,819	3.1%	$9.61	—	COM	55272X607
MTH	MERITAGE HOMES CORP	23,560	$4,831	2.5%	$85.34	+10.6%	COM	59001A102
AAL	AMERICAN AIRLS GROUP INC	400,000	$4,496	2.4%	—	—	Put	02376R102
PFSI	PENNYMAC FINL SVCS INC NEW	38,649	$4,405	2.3%	$86.99	+15.5%	COM	70932M107
MAS	MASCO CORP	30,000	$2,518	1.3%	$74.05	0.0%	COM	574599106
HYG	ISHARES TR	27,776	$2,230	1.2%	$73.94	—	IBOXX HI YD ETF	464288513
—	BEACON ROOFING SUPPLY INC	25,327	$2,189	1.1%	$86.43	—	COM	073685109
OPRT	OPORTUN FINL CORP	711,631	$2,000	1.0%	$5.53	-47.5%	COM	68376D104
RKT	ROCKET COS INC	81,496	$1,564	0.8%	$16.61	0.0%	COM CL A	77311W101
—	VROOM INC	2,500,000	$1,345	0.7%	$0.36	—	NOTE 0.750% 7/0	92918VAB5
EARN	ELLINGTON CREDIT COMPANY	149,086	$1,041	0.5%	$11.37	—	COM SHS BEN INT	288578107
—	PENNYMAC CORP	1,000,000	$974	0.5%	$0.96	—	NOTE 5.500% 3/1	70932AAF0
ENVA	ENOVA INTL INC	10,000	$838	0.4%	—	—	Put	29357K103
ARHS	ARHAUS INC	50,000	$616	0.3%	$13.51	0.0%	COM CL A	04035M102
EXPI	EXP WORLD HLDGS INC	36,521	$515	0.3%	$12.54	0.0%	COM	30212W100
—	PENNYMAC CORP	500,000	$499	0.3%	$0.98	—	NOTE 5.500%11/0	70932AAD5
MITT	AG MTG INVT TR INC	47,846	$359	0.2%	$9.90	—	COM NEW	001228501
FOR	FORESTAR GROUP INC	9,008	$292	0.2%	$33.84	-8.0%	COM	346232101
RWT	REDWOOD TRUST INC	13,946	$108	0.1%	$7.73	—	COM	758075402