EMG Holdings, L.P.
Follow13F filer, CIK 1478394, OLD GREENWICH, CT
EMG Holdings, L.P. reported $190,684,297 across 30 holdings for the quarter ended 2024-09-30, in a 13F-HR filed 2024-11-12. Its ten largest share positions make up 84.01% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-24-005510
- Period
- 2024-09-30
- Reported value
- $191M
- Holdings
- 30
- Top 10 weight
- 84.01%
- New
- 7
- Sold out
- 12
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| MR COOPER GROUP INCadded | +50,200 | $4.63M |
| MTHadded | +12,599 | $2.58M |
| MASnew | +30,000 | $2.52M |
| BEACON ROOFING SUPPLY INCnew | +25,327 | $2.19M |
| RKTnew | +81,496 | $1.56M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| BZHexited | -247,349 | -$6.8M |
| HDexited | -15,750 | -$5.42M |
| DXexited | -396,832 | -$4.74M |
| MFAreduced | -300,248 | -$3.82M |
| PFSIreduced | -25,802 | -$2.94M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q3 2024
Share positions as resolved from 13F-HR 0001085146-24-005510, largest first. % of portfolio is the value over $71,927,305, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| EFCELLINGTON FINANCIAL INC | 927,141 | $12M | 16.62% | 0 | Timeline | ||
| ADAMADAMAS TRUST INC. | 1,337,092 | $8.46M | 11.77% | +137,242 | Timeline | ||
| MR COOPER GROUP INCMR COOPER GROUP INC | 78,242 | $7.21M | 10.03% | +50,200 | |||
| TMHCTAYLOR MORRISON HOME CORP | 93,000 | $6.53M | 9.08% | -17,000 | Timeline | ||
| Rithm Property Trust IncRithm Property Trust Inc | 1,940,649 | $6.46M | 8.98% | 0 | |||
| MFAMFA FINL INC | 457,445 | $5.82M | 8.09% | -300,248 | Timeline | ||
| MTHMERITAGE HOMES CORP | 23,560 | $4.83M | 6.72% | +12,599 | Timeline | ||
| PFSIPENNYMAC FINL SVCS INC NEW | 38,649 | $4.4M | 6.12% | -25,802 | Timeline | ||
| MASMASCO CORP | 30,000 | $2.52M | 3.5% | new | Timeline | ||
| HYGISHARES TR | 27,776 | $2.23M | 3.1% | 0 | Timeline | ||
| BEACON ROOFING SUPPLY INCBEACON ROOFING SUPPLY INC | 25,327 | $2.19M | 3.04% | new | |||
| OPRTOPORTUN FINL CORP | 711,631 | $2M | 2.78% | 0 | Timeline | ||
| RKTROCKET COS INC | 81,496 | $1.56M | 2.17% | new | Timeline | ||
| EARNELLINGTON CREDIT COMPANY | 149,086 | $1.04M | 1.45% | 0 | Timeline | ||
| ARHSARHAUS INC | 50,000 | $616K | 0.86% | new | Timeline | ||
| AGNTAGNT INC | 36,521 | $515K | 0.72% | new | Timeline | ||
| MITTTPG MTG INVTS TR INC | 47,846 | $359K | 0.5% | 0 | Timeline | ||
| FORFORESTAR GROUP INC | 9,008 | $292K | 0.41% | -19,479 | Timeline | ||
| RWTREDWOOD TRUST INC | 13,946 | $108K | 0.15% | new | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 61,500 | $35.3M | +11,500 |
| HDHOME DEPOT INC COM | put | 75,000 | $30.4M | new |
| NCLHNORWEGIAN CRUISE LINE HLDGS Stock | put | 850,000 | $17.4M | 0 |
| IWMISHARES TR SHS | put | 55,000 | $12.1M | -74,900 |
| CCLCARNIVAL CORP Stock | put | 580,000 | $10.7M | 0 |
| ECHOECHOSTAR CORP CL A | put | 300,000 | $7.45M | 0 |
| AALAMERICAN AIRLINES GROUP INC Stock | put | 400,000 | $4.5M | 0 |
| ENVAENOVA INTL INC COM | put | 10,000 | $838K | 0 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| VROOM INCVROOM INC Convertible Debt | principal | 2,500,000 | $1.35M | -1,200,000 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1 | principal | 1,000,000 | $974K | 0 |
| PENNYMAC CORPPENNYMAC CORP BOND | principal | 500,000 | $499K | 0 |
Sold out in Q3 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| HYGISHARES TR | 185,500 | $14.3M | put |
| BZHBEAZER HOMES USA INC | 247,349 | $6.8M | shares |
| HDHOME DEPOT INC | 15,750 | $5.42M | shares |
| TREXTREX INC | 70,000 | $5.19M | call |
| AGNCAGNC INVT CORP | 500,000 | $4.77M | put |
| DXDYNEX CAP INC | 396,832 | $4.74M | shares |
| TOLTOLL BROTHERS INC | 25,000 | $2.88M | shares |
| RDNRADIAN GROUP INC | 75,465 | $2.35M | shares |
| MTGMGIC INVT CORP WIS | 98,765 | $2.13M | shares |
| AZEK CO INCAZEK CO INC | 40,911 | $1.72M | shares |
| ESNTESSENT GROUP LTD | 30,000 | $1.69M | shares |
| AMWDAMERICAN WOODMARK CORP | 15,945 | $1.25M | shares |
How Q3 2024 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001085146-24-005510 | base | 2024-11-12 | acceptance time not in the bulk data set |