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EMG Holdings Portfolio holdings
AUM
$397M
1-Year Est. Return
9.97%
This Fund
S&P 500
This Quarter
Est. Return
-6.04%
1 Year Est. Return
-9.97%
3 Year Est. Return
+5.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$203M
AUM Growth
-$334M
(-62%)
Cap. Flow
-$329M
Cap. Flow
% of AUM
-161.79%
Top 10 Holdings %
Top 10 Hldgs %
66.2%
Holding
48
New
11
Increased
5
Reduced
7
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Taylor Morrison
TMHC
|
+$6.29M |
| 2 |
Home Depot
HD
|
+$5.37M |
| 3 |
DX
Dynex Capital
DX
|
+$4.77M |
| 4 |
ADAM
Adamas Trust
ADAM
|
+$3.92M |
| 5 |
Toll Brothers
TOL
|
+$3.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Annaly Capital Management
NLY
|
+$9.1M |
| 2 |
Zillow
Z
|
+$6.76M |
| 3 |
Builders FirstSource
BLDR
|
+$4.69M |
| 4 |
Oportun Financial
OPRT
|
+$4.54M |
| 5 |
Meritage Homes
MTH
|
+$4.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 19.25% |
| 2 | Consumer Discretionary | 11.91% |
| 3 | Financials | 8.67% |
| 4 | Industrials | 0.85% |
| 5 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AZEK
26
DELISTED
The AZEK Co
AZEK
| $1.72M | 0.85% |
+40,911
| New | +$1.89M |
|
27
Essent Group
ESNT
$6.1B
| $1.69M | 0.83% |
+30,000
| New | +$1.67M |
|
|
AMWD
28
DELISTED
American Woodmark
AMWD
| $1.25M | 0.62% |
15,945
-30,375
| -66% | -$2.74M |
|
|
EARN
29
Ellington Residential Mortgage REIT
EARN
$163M
| $1.04M | 0.51% |
149,086
| – | – |
|
30
Forestar Group
FOR
$1.44B
| $911K | 0.45% |
+28,487
| New | +$964K |
|
31
PUT
Enova International
ENVA
$5.73B
| $623K | 0.31% |
10,000
| – | – |
|
|
MITT
32
TPG Mortgage Investment Trust
MITT
$239M
| $318K | 0.16% |
47,846
| – | – |
|
33
PUT
AMC Entertainment Holdings
AMC
$2.2B
| – | – |
-1,310,000
| Closed | -$4.87M |
|
|
34
Builders FirstSource
BLDR
$7.82B
| – | – |
-22,500
| Closed | -$4.69M |
|
35
PUT
D.R. Horton
DHI
$41.1B
| – | – |
-12,000
| Closed | -$1.97M |
|
|
36
PUT
Home Depot
HD
$332B
| – | – |
-15,000
| Closed | -$5.75M |
|
37
PUT
Kohl's
KSS
$1.99B
| – | – |
-150,000
| Closed | -$4.37M |
|
38
Lennar Class A
LEN
$20B
| – | – |
-5,165
| Closed | -$860K |
|
|
39
PUT
Lennar Class A
LEN
$20B
| – | – |
-12,396
| Closed | -$2.06M |
|
40
PUT
Masco
MAS
$15.6B
| – | – |
-50,000
| Closed | -$3.94M |
|
|
41
Annaly Capital Management
NLY
$16.6B
| – | – |
-462,085
| Closed | -$9.1M |
|
42
PUT
SoFi Technologies
SOFI
$21.8B
| – | – |
-668,000
| Closed | -$4.88M |
|
43
Talos Energy
TALO
$2.37B
| – | – |
-93,107
| Closed | -$1.3M |
|
|
44
CALL
Zillow
Z
$7.56B
| – | – |
-155,000
| Closed | -$7.56M |
|
|
45
Zillow
Z
$7.56B
| – | – |
-138,547
| Closed | -$6.76M |
|
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GF
LCG
LL
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TPWA
EMG Holdings's Q2 2024 Portfolio in Review
As of Q2 2024, EMG Holdings held 48 positions worth $203M, down 62% from $537M the previous quarter. Its ten largest holdings account for 66% of the portfolio.
EMG Holdings withdrew a net $329M in Q2 2024, closing 13 positions and reducing 7 holdings. Its most notable exit was Annaly Capital Management, an estimated $9.1M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 19% of assets, up from 7.9% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, EMG Holdings opened a new position in Taylor Morrison worth $6.1M.
- EMG Holdings's largest Q2 2024 buy was Taylor Morrison: 110,000 shares worth $6.1M.
- EMG Holdings added most to Adamas Trust in Q2 2024, an estimated $3.92M increase.
- EMG Holdings's biggest Q2 2024 reduction was Oportun Financial, cutting an estimated $4.54M.
- EMG Holdings fully exited Annaly Capital Management in Q2 2024, selling an estimated $9.1M.
- EMG Holdings's ten largest holdings make up 66% of its $203M portfolio in Q2 2024.
- EMG Holdings opened 11 new positions and closed 13 in Q2 2024.
- EMG Holdings's portfolio value fell 62% quarter-over-quarter to $203M.
Based on EMG Holdings's 13F filing for Q2 2024, filed 12 Aug 2024.