EMG Holdings, L.P. Hedge Fund

CIK: 0001478394 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 12, 2025

Total Value ($000): $168,272 (99.4% shares, 0.6% debt)

Holdings (26)

SPY SPDR S&P 500 ETF TR 26.1%

Value ($000) $43,956 Shares 75,000 Est. Cost — Unrealized —

NCLH NORWEGIAN CRUISE LINE HLDG L 13.0%

Value ($000) $21,871 Shares 850,000 Est. Cost — Unrealized —

CCL CARNIVAL CORP 8.6%

Value ($000) $14,454 Shares 580,000 Est. Cost — Unrealized —

EFC ELLINGTON FINANCIAL INC 6.7%

Value ($000) $11,237 Shares 927,141 Est. Cost $18.25 Unrealized —

— MR COOPER GROUP INC 5.0%

Value ($000) $8,402 Shares 87,512 Est. Cost $78.78 Unrealized —

AAL AMERICAN AIRLS GROUP INC 4.1%

Value ($000) $6,972 Shares 400,000 Est. Cost — Unrealized —

SATS ECHOSTAR CORP 4.1%

Value ($000) $6,870 Shares 300,000 Est. Cost — Unrealized —

TMHC TAYLOR MORRISON HOME CORP 3.6%

Value ($000) $6,070 Shares 99,173 Est. Cost $57.84 Unrealized +18.0%

OC OWENS CORNING NEW 2.7%

Value ($000) $4,599 Shares 27,000 Est. Cost $186.85 Unrealized 0.0%

ADAM NEW YORK MTG TR INC 2.6%

Value ($000) $4,400 Shares 726,121 Est. Cost $7.25 Unrealized —

FAF FIRST AMERN FINL CORP 2.6%

Value ($000) $4,370 Shares 69,982 Est. Cost $62.60 Unrealized 0.0%

ESNT ESSENT GROUP LTD 2.2%

Value ($000) $3,635 Shares 66,773 Est. Cost $57.22 Unrealized 0.0%

— RITHM PROPERTY TRUST INC 2.0%

Value ($000) $3,407 Shares 1,147,287 Est. Cost $6.26 Unrealized —

TOL TOLL BROTHERS INC 1.7%

Value ($000) $2,897 Shares 23,000 Est. Cost $148.49 Unrealized 0.0%

MBC MASTERBRAND INC 1.7%

Value ($000) $2,865 Shares 196,082 Est. Cost $17.05 Unrealized 0.0%

SGI TEMPUR SEALY INTL INC 1.7%

Value ($000) $2,835 Shares 50,000 Est. Cost $53.36 Unrealized 0.0%

ARHS ARHAUS INC 1.6%

Value ($000) $2,770 Shares 294,719 Est. Cost $10.43 Unrealized -6.0%

UWMC UWM HOLDINGS CORPORATION 1.5%

Value ($000) $2,597 Shares 442,448 Est. Cost $6.51 Unrealized 0.0%

RKT ROCKET COS INC 1.5%

Value ($000) $2,486 Shares 220,748 Est. Cost $15.02 Unrealized -6.2%

OPRT OPORTUN FINL CORP 1.4%

Value ($000) $2,418 Shares 623,223 Est. Cost $5.53 Unrealized -41.6%

MFA MFA FINL INC 1.3%

Value ($000) $2,222 Shares 218,100 Est. Cost $9.61 Unrealized —

HYG ISHARES TR 1.3%

Value ($000) $2,185 Shares 27,776 Est. Cost $73.94 Unrealized —

TOL TOLL BROTHERS INC 0.9%

Value ($000) $1,574 Shares 12,500 Est. Cost $148.49 Unrealized 0.0%

IVR INVESCO MORTGAGE CAPITAL INC 0.7%

Value ($000) $1,214 Shares 150,817 Est. Cost $8.05 Unrealized —

EARN ELLINGTON CREDIT COMPANY 0.6%

Value ($000) $987 Shares 149,086 Est. Cost $11.37 Unrealized —

— PENNYMAC CORP 0.6%

Value ($000) $980 Shares 1,000,000 Est. Cost $0.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	75,000	$43,956	26.1%	—	—	Put	78462F103
NCLH	NORWEGIAN CRUISE LINE HLDG L	850,000	$21,871	13.0%	—	—	Put	G66721104
CCL	CARNIVAL CORP	580,000	$14,454	8.6%	—	—	Put	143658300
EFC	ELLINGTON FINANCIAL INC	927,141	$11,237	6.7%	$18.25	—	COM	28852N109
—	MR COOPER GROUP INC	87,512	$8,402	5.0%	$78.78	—	COM	62482R107
AAL	AMERICAN AIRLS GROUP INC	400,000	$6,972	4.1%	—	—	Put	02376R102
SATS	ECHOSTAR CORP	300,000	$6,870	4.1%	—	—	Put	278768106
TMHC	TAYLOR MORRISON HOME CORP	99,173	$6,070	3.6%	$57.84	+18.0%	COM	87724P106
OC	OWENS CORNING NEW	27,000	$4,599	2.7%	$186.85	0.0%	COM	690742101
ADAM	NEW YORK MTG TR INC	726,121	$4,400	2.6%	$7.25	—	COM	649604840
FAF	FIRST AMERN FINL CORP	69,982	$4,370	2.6%	$62.60	0.0%	COM	31847R102
ESNT	ESSENT GROUP LTD	66,773	$3,635	2.2%	$57.22	0.0%	COM	G3198U102
—	RITHM PROPERTY TRUST INC	1,147,287	$3,407	2.0%	$6.26	—	COM	38983D300
TOL	TOLL BROTHERS INC	23,000	$2,897	1.7%	$148.49	0.0%	COM	889478103
MBC	MASTERBRAND INC	196,082	$2,865	1.7%	$17.05	0.0%	COMMON STOCK	57638P104
SGI	TEMPUR SEALY INTL INC	50,000	$2,835	1.7%	$53.36	0.0%	COM	88023U101
ARHS	ARHAUS INC	294,719	$2,770	1.6%	$10.43	-6.0%	COM CL A	04035M102
UWMC	UWM HOLDINGS CORPORATION	442,448	$2,597	1.5%	$6.51	0.0%	COM CL A	91823B109
RKT	ROCKET COS INC	220,748	$2,486	1.5%	$15.02	-6.2%	COM CL A	77311W101
OPRT	OPORTUN FINL CORP	623,223	$2,418	1.4%	$5.53	-41.6%	COM	68376D104
MFA	MFA FINL INC	218,100	$2,222	1.3%	$9.61	—	COM	55272X607
HYG	ISHARES TR	27,776	$2,185	1.3%	$73.94	—	IBOXX HI YD ETF	464288513
TOL	TOLL BROTHERS INC	12,500	$1,574	0.9%	$148.49	0.0%	Call	889478103
IVR	INVESCO MORTGAGE CAPITAL INC	150,817	$1,214	0.7%	$8.05	—	COM	46131B704
EARN	ELLINGTON CREDIT COMPANY	149,086	$987	0.6%	$11.37	—	COM SHS BEN INT	288578107
—	PENNYMAC CORP	1,000,000	$980	0.6%	$0.96	—	NOTE 5.500% 3/1	70932AAF0