EMG Holdings, L.P. Hedge Fund

Location: Old Greenwich, CT

CIK: 0001478394 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 12, 2025

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

Holdings (26)

SPY SPDR S&P 500 ETF TR 26.1%

Value $43.96M Shares 75,000 Est. Cost — Unrealized —

NCLH NORWEGIAN CRUISE LINE HLDG L 13.0%

Value $21.87M Shares 850,000 Est. Cost — Unrealized —

CCL CARNIVAL CORP 8.6%

Value $14.45M Shares 580,000 Est. Cost — Unrealized —

EFC ELLINGTON FINANCIAL INC 6.7%

Value $11.24M Shares 927,141 Est. Cost $18.25 Unrealized —

— MR COOPER GROUP INC 5.0%

Value $8.402M Shares 87,512 Est. Cost $78.78 Unrealized —

AAL AMERICAN AIRLS GROUP INC 4.1%

Value $6.972M Shares 400,000 Est. Cost — Unrealized —

SATS ECHOSTAR CORP 4.1%

Value $6.87M Shares 300,000 Est. Cost — Unrealized —

TMHC TAYLOR MORRISON HOME CORP 3.6%

Value $6.07M Shares 99,173 Est. Cost $57.84 Unrealized +18.0%

OC OWENS CORNING NEW 2.7%

Value $4.599M Shares 27,000 Est. Cost $186.85 Unrealized 0.0%

ADAM NEW YORK MTG TR INC 2.6%

Value $4.4M Shares 726,121 Est. Cost $7.25 Unrealized —

FAF FIRST AMERN FINL CORP 2.6%

Value $4.37M Shares 69,982 Est. Cost $62.60 Unrealized 0.0%

ESNT ESSENT GROUP LTD 2.2%

Value $3.635M Shares 66,773 Est. Cost $57.22 Unrealized 0.0%

— RITHM PROPERTY TRUST INC 2.0%

Value $3.407M Shares 1,147,287 Est. Cost $6.26 Unrealized —

TOL TOLL BROTHERS INC 1.7%

Value $2.897M Shares 23,000 Est. Cost $148.49 Unrealized 0.0%

MBC MASTERBRAND INC 1.7%

Value $2.865M Shares 196,082 Est. Cost $17.05 Unrealized 0.0%

SGI TEMPUR SEALY INTL INC 1.7%

Value $2.834M Shares 50,000 Est. Cost $53.36 Unrealized 0.0%

ARHS ARHAUS INC 1.6%

Value $2.77M Shares 294,719 Est. Cost $10.43 Unrealized -6.0%

UWMC UWM HOLDINGS CORPORATION 1.5%

Value $2.597M Shares 442,448 Est. Cost $6.51 Unrealized 0.0%

RKT ROCKET COS INC 1.5%

Value $2.486M Shares 220,748 Est. Cost $15.02 Unrealized -6.2%

OPRT OPORTUN FINL CORP 1.4%

Value $2.418M Shares 623,223 Est. Cost $5.53 Unrealized -41.6%

MFA MFA FINL INC 1.3%

Value $2.222M Shares 218,100 Est. Cost $9.61 Unrealized —

HYG ISHARES TR 1.3%

Value $2.185M Shares 27,776 Est. Cost $73.94 Unrealized —

TOL TOLL BROTHERS INC 0.9%

Value $1.574M Shares 12,500 Est. Cost $148.49 Unrealized 0.0%

IVR INVESCO MORTGAGE CAPITAL INC 0.7%

Value $1.214M Shares 150,817 Est. Cost $8.05 Unrealized —

EARN ELLINGTON CREDIT COMPANY 0.6%

Value $987K Shares 149,086 Est. Cost $11.37 Unrealized —

— PENNYMAC CORP 0.6%

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

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	75,000	$43.96M	26.1%	—	—	Put	78462F103
NCLH	NORWEGIAN CRUISE LINE HLDG L	850,000	$21.87M	13.0%	—	—	Put	G66721104
CCL	CARNIVAL CORP	580,000	$14.45M	8.6%	—	—	Put	143658300
EFC	ELLINGTON FINANCIAL INC	927,141	$11.24M	6.7%	$18.25	—	COM	28852N109
—	MR COOPER GROUP INC	87,512	$8.402M	5.0%	$78.78	—	COM	62482R107
AAL	AMERICAN AIRLS GROUP INC	400,000	$6.972M	4.1%	—	—	Put	02376R102
SATS	ECHOSTAR CORP	300,000	$6.87M	4.1%	—	—	Put	278768106
TMHC	TAYLOR MORRISON HOME CORP	99,173	$6.07M	3.6%	$57.84	+18.0%	COM	87724P106
OC	OWENS CORNING NEW	27,000	$4.599M	2.7%	$186.85	0.0%	COM	690742101
ADAM	NEW YORK MTG TR INC	726,121	$4.4M	2.6%	$7.25	—	COM	649604840
FAF	FIRST AMERN FINL CORP	69,982	$4.37M	2.6%	$62.60	0.0%	COM	31847R102
ESNT	ESSENT GROUP LTD	66,773	$3.635M	2.2%	$57.22	0.0%	COM	G3198U102
—	RITHM PROPERTY TRUST INC	1,147,287	$3.407M	2.0%	$6.26	—	COM	38983D300
TOL	TOLL BROTHERS INC	23,000	$2.897M	1.7%	$148.49	0.0%	COM	889478103
MBC	MASTERBRAND INC	196,082	$2.865M	1.7%	$17.05	0.0%	COMMON STOCK	57638P104
SGI	TEMPUR SEALY INTL INC	50,000	$2.834M	1.7%	$53.36	0.0%	COM	88023U101
ARHS	ARHAUS INC	294,719	$2.77M	1.6%	$10.43	-6.0%	COM CL A	04035M102
UWMC	UWM HOLDINGS CORPORATION	442,448	$2.597M	1.5%	$6.51	0.0%	COM CL A	91823B109
RKT	ROCKET COS INC	220,748	$2.486M	1.5%	$15.02	-6.2%	COM CL A	77311W101
OPRT	OPORTUN FINL CORP	623,223	$2.418M	1.4%	$5.53	-41.6%	COM	68376D104
MFA	MFA FINL INC	218,100	$2.222M	1.3%	$9.61	—	COM	55272X607
HYG	ISHARES TR	27,776	$2.185M	1.3%	$73.94	—	IBOXX HI YD ETF	464288513
TOL	TOLL BROTHERS INC	12,500	$1.574M	0.9%	$148.49	0.0%	Call	889478103
IVR	INVESCO MORTGAGE CAPITAL INC	150,817	$1.214M	0.7%	$8.05	—	COM	46131B704
EARN	ELLINGTON CREDIT COMPANY	149,086	$987K	0.6%	$11.37	—	COM SHS BEN INT	288578107
—	PENNYMAC CORP	1,000,000	$980K	0.6%	$0.96	—	NOTE 5.500% 3/1	70932AAF0