EMG Holdings, L.P. Hedge Fund

CIK: 0001478394 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 14, 2025

Total Value ($000): $207,826 (99.5% shares, 0.5% debt)

Holdings (26)

LQD ISHARES TR 20.4%

Value ($000) $42,389 Shares 390,000 Est. Cost — Unrealized —

LOW LOWES COS INC 11.2%

Value ($000) $23,323 Shares 100,000 Est. Cost — Unrealized —

XLF SELECT SECTOR SPDR TR 7.2%

Value ($000) $14,943 Shares 300,000 Est. Cost — Unrealized —

AGNC AGNC INVT CORP 6.9%

Value ($000) $14,370 Shares 1,500,000 Est. Cost — Unrealized —

EFC ELLINGTON FINANCIAL INC 5.9%

Value ($000) $12,294 Shares 927,141 Est. Cost $18.25 Unrealized —

— MR COOPER GROUP INC 5.6%

Value ($000) $11,589 Shares 96,896 Est. Cost $82.73 Unrealized —

CCL CARNIVAL CORP 5.5%

Value ($000) $11,327 Shares 580,000 Est. Cost — Unrealized —

HD HOME DEPOT INC 5.3%

Value ($000) $10,995 Shares 30,000 Est. Cost — Unrealized —

MTH MERITAGE HOMES CORP 4.8%

Value ($000) $10,063 Shares 141,977 Est. Cost $75.15 Unrealized 0.0%

TMHC TAYLOR MORRISON HOME CORP 4.8%

Value ($000) $9,907 Shares 165,000 Est. Cost $59.60 Unrealized +4.4%

PFSI PENNYMAC FINL SVCS INC NEW 3.1%

Value ($000) $6,465 Shares 64,580 Est. Cost $101.23 Unrealized 0.0%

MFA MFA FINL INC 3.0%

Value ($000) $6,239 Shares 608,054 Est. Cost $10.03 Unrealized —

SGI SOMNIGROUP INTERNATIONAL INC 2.8%

Value ($000) $5,868 Shares 98,000 Est. Cost $56.87 Unrealized +6.4%

FAF FIRST AMERN FINL CORP 2.7%

Value ($000) $5,579 Shares 85,000 Est. Cost $62.36 Unrealized -1.7%

OC OWENS CORNING NEW 2.2%

Value ($000) $4,479 Shares 31,359 Est. Cost $183.85 Unrealized -10.1%

AAL AMERICAN AIRLS GROUP INC 2.0%

Value ($000) $4,220 Shares 400,000 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 1.3%

Value ($000) $2,797 Shares 5,000 Est. Cost — Unrealized —

RKT ROCKET COS INC 1.2%

Value ($000) $2,414 Shares 200,000 Est. Cost $15.02 Unrealized -18.1%

HYG ISHARES TR 1.1%

Value ($000) $2,191 Shares 27,776 Est. Cost $73.94 Unrealized —

TOL TOLL BROTHERS INC 1.0%

Value ($000) $2,109 Shares 19,971 Est. Cost $148.49 Unrealized -19.1%

— PENNYMAC CORP 0.5%

Value ($000) $991 Shares 1,000,000 Est. Cost $0.96 Unrealized —

EARN ELLINGTON CREDIT COMPANY 0.4%

Value ($000) $807 Shares 149,086 Est. Cost $11.37 Unrealized —

OPRT OPORTUN FINL CORP 0.4%

Value ($000) $764 Shares 139,172 Est. Cost $5.53 Unrealized -0.5%

— RITHM PPTY TR INC 0.4%

Value ($000) $757 Shares 263,635 Est. Cost $6.26 Unrealized —

LGIH LGI HOMES INC 0.3%

Value ($000) $588 Shares 8,852 Est. Cost $80.78 Unrealized 0.0%

BLNE BEELINE HOLDINGS INC 0.2%

Value ($000) $360 Shares 195,780 Est. Cost $6.47 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LQD	ISHARES TR	390,000	$42,389	20.4%	—	—	Put	464287242
LOW	LOWES COS INC	100,000	$23,323	11.2%	—	—	Put	548661107
XLF	SELECT SECTOR SPDR TR	300,000	$14,943	7.2%	—	—	Put	81369Y605
AGNC	AGNC INVT CORP	1,500,000	$14,370	6.9%	—	—	Put	00123Q104
EFC	ELLINGTON FINANCIAL INC	927,141	$12,294	5.9%	$18.25	—	COM	28852N109
—	MR COOPER GROUP INC	96,896	$11,589	5.6%	$82.73	—	COM	62482R107
CCL	CARNIVAL CORP	580,000	$11,327	5.5%	—	—	Put	143658300
HD	HOME DEPOT INC	30,000	$10,995	5.3%	—	—	Put	437076102
MTH	MERITAGE HOMES CORP	141,977	$10,063	4.8%	$75.15	0.0%	COM	59001A102
TMHC	TAYLOR MORRISON HOME CORP	165,000	$9,907	4.8%	$59.60	+4.4%	COM	87724P106
PFSI	PENNYMAC FINL SVCS INC NEW	64,580	$6,465	3.1%	$101.23	0.0%	COM	70932M107
MFA	MFA FINL INC	608,054	$6,239	3.0%	$10.03	—	COM	55272X607
SGI	SOMNIGROUP INTERNATIONAL INC	98,000	$5,868	2.8%	$56.87	+6.4%	COM	88023U101
FAF	FIRST AMERN FINL CORP	85,000	$5,579	2.7%	$62.36	-1.7%	COM	31847R102
OC	OWENS CORNING NEW	31,359	$4,479	2.2%	$183.85	-10.1%	COM	690742101
AAL	AMERICAN AIRLS GROUP INC	400,000	$4,220	2.0%	—	—	Put	02376R102
SPY	SPDR S&P 500 ETF TR	5,000	$2,797	1.3%	—	—	Put	78462F103
RKT	ROCKET COS INC	200,000	$2,414	1.2%	$15.02	-18.1%	COM CL A	77311W101
HYG	ISHARES TR	27,776	$2,191	1.1%	$73.94	—	IBOXX HI YD ETF	464288513
TOL	TOLL BROTHERS INC	19,971	$2,109	1.0%	$148.49	-19.1%	COM	889478103
—	PENNYMAC CORP	1,000,000	$991	0.5%	$0.96	—	NOTE 5.500% 3/1	70932AAF0
EARN	ELLINGTON CREDIT COMPANY	149,086	$807	0.4%	$11.37	—	COM SHS BEN INT	288578107
OPRT	OPORTUN FINL CORP	139,172	$764	0.4%	$5.53	-0.5%	COM	68376D104
—	RITHM PPTY TR INC	263,635	$757	0.4%	$6.26	—	COM	38983D300
LGIH	LGI HOMES INC	8,852	$588	0.3%	$80.78	0.0%	COM	50187T106
BLNE	BEELINE HOLDINGS INC	195,780	$360	0.2%	$6.47	0.0%	COM NEW	277802500