EMG Holdings, L.P. Hedge Fund

CIK: 0001478394 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 12, 2025

Total Value ($000): $136,480 (99.3% shares, 0.7% debt)

Holdings (22)

NLY ANNALY CAPITAL MANAGEMENT IN 13.8%

Value ($000) $18,820 Shares 1,000,000 Est. Cost $18.82 Unrealized —

CCL CARNIVAL CORP 12.0%

Value ($000) $16,310 Shares 580,000 Est. Cost — Unrealized —

EFC ELLINGTON FINANCIAL INC 9.1%

Value ($000) $12,416 Shares 961,018 Est. Cost $18.06 Unrealized —

XLF SELECT SECTOR SPDR TR 7.7%

Value ($000) $10,474 Shares 200,000 Est. Cost — Unrealized —

MFA MFA FINL INC 6.8%

Value ($000) $9,271 Shares 979,969 Est. Cost $9.81 Unrealized —

UWMC UWM HOLDINGS CORPORATION 6.1%

Value ($000) $8,280 Shares 2,000,000 Est. Cost $4.40 Unrealized 0.0%

MHO M/I HOMES INC 5.6%

Value ($000) $7,658 Shares 68,301 Est. Cost $108.61 Unrealized 0.0%

UWMC UWM HOLDINGS CORPORATION 5.4%

Value ($000) $7,358 Shares 1,777,370 Est. Cost $4.40 Unrealized 0.0%

HYG ISHARES TR 4.9%

Value ($000) $6,740 Shares 83,566 Est. Cost $78.42 Unrealized —

— MR COOPER GROUP INC 4.4%

Value ($000) $5,953 Shares 39,896 Est. Cost $82.73 Unrealized —

TMHC TAYLOR MORRISON HOME CORP 4.3%

Value ($000) $5,835 Shares 95,000 Est. Cost $59.60 Unrealized -2.5%

MTH MERITAGE HOMES CORP 3.9%

Value ($000) $5,264 Shares 78,600 Est. Cost $75.15 Unrealized -11.8%

COMP COMPASS INC 3.5%

Value ($000) $4,782 Shares 761,393 Est. Cost $6.85 Unrealized 0.0%

AAL AMERICAN AIRLS GROUP INC 3.3%

Value ($000) $4,488 Shares 400,000 Est. Cost — Unrealized —

HD HOME DEPOT INC 3.2%

Value ($000) $4,400 Shares 12,000 Est. Cost $355.91 Unrealized 0.0%

MHK MOHAWK INDS INC 1.9%

Value ($000) $2,621 Shares 25,000 Est. Cost $104.26 Unrealized 0.0%

CCS CENTURY CMNTYS INC 1.4%

Value ($000) $1,971 Shares 35,000 Est. Cost $55.35 Unrealized 0.0%

OPRT OPORTUN FINL CORP 0.7%

Value ($000) $996 Shares 139,172 Est. Cost $5.53 Unrealized +8.5%

— PENNYMAC CORP 0.7%

Value ($000) $993 Shares 1,000,000 Est. Cost $0.96 Unrealized —

EARN ELLINGTON CREDIT COMPANY 0.6%

Value ($000) $857 Shares 149,086 Est. Cost $11.37 Unrealized —

NLY ANNALY CAPITAL MANAGEMENT IN 0.5%

Value ($000) $705 Shares 37,452 Est. Cost $18.82 Unrealized —

BLNE BEELINE HOLDINGS INC 0.2%

Value ($000) $290 Shares 195,780 Est. Cost $6.47 Unrealized -81.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NLY	ANNALY CAPITAL MANAGEMENT IN	1,000,000	$18,820	13.8%	$18.82	—	Call	035710839
CCL	CARNIVAL CORP	580,000	$16,310	12.0%	—	—	Put	143658300
EFC	ELLINGTON FINANCIAL INC	961,018	$12,416	9.1%	$18.06	—	COM	28852N109
XLF	SELECT SECTOR SPDR TR	200,000	$10,474	7.7%	—	—	Put	81369Y605
MFA	MFA FINL INC	979,969	$9,271	6.8%	$9.81	—	COM	55272X607
UWMC	UWM HOLDINGS CORPORATION	2,000,000	$8,280	6.1%	$4.40	0.0%	Call	91823B109
MHO	M/I HOMES INC	68,301	$7,658	5.6%	$108.61	0.0%	COM	55305B101
UWMC	UWM HOLDINGS CORPORATION	1,777,370	$7,358	5.4%	$4.40	0.0%	COM CL A	91823B109
HYG	ISHARES TR	83,566	$6,740	4.9%	$78.42	—	IBOXX HI YD ETF	464288513
—	MR COOPER GROUP INC	39,896	$5,953	4.4%	$82.73	—	COM	62482R107
TMHC	TAYLOR MORRISON HOME CORP	95,000	$5,835	4.3%	$59.60	-2.5%	COM	87724P106
MTH	MERITAGE HOMES CORP	78,600	$5,264	3.9%	$75.15	-11.8%	COM	59001A102
COMP	COMPASS INC	761,393	$4,782	3.5%	$6.85	0.0%	CL A	20464U100
AAL	AMERICAN AIRLS GROUP INC	400,000	$4,488	3.3%	—	—	Put	02376R102
HD	HOME DEPOT INC	12,000	$4,400	3.2%	$355.91	0.0%	COM	437076102
MHK	MOHAWK INDS INC	25,000	$2,621	1.9%	$104.26	0.0%	COM	608190104
CCS	CENTURY CMNTYS INC	35,000	$1,971	1.4%	$55.35	0.0%	COM	156504300
OPRT	OPORTUN FINL CORP	139,172	$996	0.7%	$5.53	+8.5%	COM	68376D104
—	PENNYMAC CORP	1,000,000	$993	0.7%	$0.96	—	NOTE 5.500% 3/1	70932AAF0
EARN	ELLINGTON CREDIT COMPANY	149,086	$857	0.6%	$11.37	—	COM SHS BEN INT	288578107
NLY	ANNALY CAPITAL MANAGEMENT IN	37,452	$705	0.5%	$18.82	—	COM NEW	035710839
BLNE	BEELINE HOLDINGS INC	195,780	$290	0.2%	$6.47	-81.1%	COM NEW	277802500