EH

EMG Holdings Portfolio holdings

AUM $125M Turnover 70.27%
1-Year Est. Return 8.69%
This Fund
S&P 500
This Quarter Est. Return
+7.93%
1 Year Est. Return
+8.69%
3 Year Est. Return
+4.17%
5 Year Est. Return
-7.25%
10 Year Est. Return
–
AUM
$610M
AUM Growth
+$150M
Cap. Flow
-$27.5M
Cap. Flow %
-4.51%
Top 10 Hldgs %
71.06%
Holding
79
New
17
Increased
9
Reduced
11
Closed
14
Avg Time Held Equity + Options
1 year
Top 10 Avg Time Held Equity + Options
0.5 years
Top 20 Avg Time Held Equity + Options
0.6 years
Avg Time Held Equity only
1.3 years
Top 10 Avg Time Held Equity only
0.5 years
Top 20 Avg Time Held Equity only
0.8 years

Top Buys

Rank Stock Value
1
RPT icon
Rithm Property Trust
RPT
+$8.55M
2
OC icon
Owens Corning
OC
+$4.77M
3
UDR icon
UDR
UDR
+$4.52M
4
BZH icon
Beazer Homes USA
BZH
+$3.91M
5
ORC icon
Orchid Island Capital
ORC
+$3.86M

Top Sells

Rank Stock Value
1
LEN icon
Lennar Class A
LEN
+$14.1M
2
MFA icon
MFA Financial
MFA
+$12.8M
3
COOP icon
Mr. Cooper
COOP
+$11.7M
4
SWK icon
Stanley Black & Decker
SWK
+$5.85M
5
COMP icon
Compass
COMP
+$2.3M

Sector Composition

Rank Sector Weight
1 Miscellaneous 83.25%
2 Real Estate 8.39%
3 Financials 4.46%
4 Consumer Discretionary 2.08%
5 Industrials 0.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
HYG icon
1
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$238M 38.96%
3,070,600
+714,000
+30% +$53.2M
2021 Q3
9 quarters
BKLN icon
2
PUT
Invesco Senior Loan ETF
BKLN
$6.26B
$36.9M 6.05%
+1,743,100
New +$36.6M
2023 Q4
0 quarters
NCLH icon
3
PUT
Norwegian Cruise Line
NCLH
$6.83B
$34.7M 5.68%
1,730,000
+850,000
+97% +$13.6M
2023 Q2
2 quarters
IWM icon
4
PUT
iShares Russell 2000 ETF
IWM
$76.4B
$34.1M 5.59%
169,900
+59,900
+54% +$10.7M
2023 Q1
3 quarters
AMC icon
5
PUT
AMC Entertainment Holdings
AMC
$2.58B
$19.9M 3.26%
3,251,700
+6,000
+0.2% +$48.7K
2021 Q3
9 quarters
SPY icon
6
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
$19M 3.12%
40,000
-64,000
-62% -$28.5M
2021 Q3
9 quarters
HD icon
7
PUT
Home Depot
HD
$295B
$13.9M 2.27%
+40,000
New +$12.4M
2023 Q4
0 quarters
MAS icon
8
PUT
Masco
MAS
$13.7B
$13.4M 2.2%
+200,000
New +$11.6M
2023 Q4
0 quarters
COIN icon
9
PUT
Coinbase
COIN
$45.6B
$12.2M 2%
+70,000
New +$7.64M
2023 Q4
0 quarters
EFC icon
10
Ellington Financial
EFC
$1.51B
$11.8M 1.93%
927,141
– –
2021 Q3
9 quarters
CCL icon
11
PUT
Carnival Corporation Ltd
CCL
$34.9B
$10.8M 1.76%
+580,000
New +$8.42M
2023 Q4
0 quarters
KSS icon
12
PUT
Kohl's
KSS
$2.4B
$10.6M 1.73%
+368,000
New +$8.63M
2023 Q4
0 quarters
MFA icon
13
MFA Financial
MFA
$662M
$10.3M 1.7%
918,302
-1,262,800
-58% -$12.8M
2022 Q2
6 quarters
RPT icon
14
Rithm Property Trust
RPT
$82.7M
$10.3M 1.69%
323,442
+277,778
+608% +$8.55M
2021 Q3
9 quarters
FNF icon
15
CALL
Fidelity National Financial
FNF
$10.5B
$10.2M 1.67%
+200,000
New +$8.71M
2023 Q4
0 quarters
OPRT icon
16
Oportun Financial
OPRT
$404M
$9.71M 1.59%
2,484,149
-10,327
-0.4% -$44.1K
2022 Q4
4 quarters
M icon
17
PUT
Macy's
M
$5.92B
$9.46M 1.55%
+470,000
New +$6.8M
2023 Q4
0 quarters
SOFI icon
18
PUT
SoFi Technologies
SOFI
$18.4B
$6.65M 1.09%
+668,000
New +$5.31M
2023 Q4
0 quarters
ABNB icon
19
PUT
Airbnb
ABNB
$98.5B
$5.58M 0.92%
41,000
– –
2023 Q3
1 quarter
AAL icon
20
PUT
American Airlines Group
AAL
$7.8B
$5.5M 0.9%
+400,000
New +$5.02M
2023 Q4
0 quarters
OC icon
21
Owens Corning
OC
$8.79B
$5.34M 0.87%
+36,000
New +$4.77M
2023 Q4
0 quarters
UDR icon
22
UDR
UDR
$10.9B
$4.98M 0.82%
+130,000
New +$4.52M
2023 Q4
0 quarters
ECHO icon
23
PUT
EchoStar
ECHO
$25.6B
$4.97M 0.82%
+300,000
New +$3.86M
2023 Q4
0 quarters
BZH icon
24
Beazer Homes USA
BZH
$889M
$4.83M 0.79%
+142,970
New +$3.91M
2023 Q4
0 quarters
ARHS icon
25
Arhaus
ARHS
$1.32B
$4.78M 0.78%
403,191
-3,809
-0.9% -$35.9K
2023 Q3
1 quarter
1
2 3

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EMG Holdings's Q4 2023 Portfolio in Review

As of Q4 2023, EMG Holdings held 79 positions worth $610M, up 33% from $459M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

EMG Holdings withdrew a net $27.5M in Q4 2023, closing 14 positions and reducing 11 holdings. Its most notable exit was Lennar Class A, an estimated $14.1M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 83% of assets, up from 75% a quarter earlier, followed by Real Estate and Financials.

Against the trend, EMG Holdings opened a new position in Owens Corning worth $5.34M.

  • EMG Holdings's largest Q4 2023 buy was Owens Corning: 36,000 shares worth $5.34M.
  • EMG Holdings added most to Rithm Property Trust in Q4 2023, an estimated $8.55M increase.
  • EMG Holdings's biggest Q4 2023 reduction was MFA Financial, cutting an estimated $12.8M.
  • EMG Holdings fully exited Lennar Class A in Q4 2023, selling an estimated $14.1M.
  • EMG Holdings's ten largest holdings make up 71% of its $610M portfolio in Q4 2023.
  • EMG Holdings opened 17 new positions and closed 14 in Q4 2023.
  • EMG Holdings's portfolio value rose 33% quarter-over-quarter to $610M.

Based on EMG Holdings's 13F filing for Q4 2023, filed 13 Feb 2024.