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
-6.04%
1 Year Est. Return
+8.69%
3 Year Est. Return
+4.17%
5 Year Est. Return
-7.25%
10 Year Est. Return
–
AUM
$203M
AUM Growth
-$334M
Cap. Flow
-$7.39M
Cap. Flow %
-3.63%
Top 10 Hldgs %
66.2%
Holding
48
New
11
Increased
5
Reduced
7
Closed
13
Avg Time Held Equity + Options
1.1 years
Top 10 Avg Time Held Equity + Options
0.7 years
Top 20 Avg Time Held Equity + Options
0.7 years
Avg Time Held Equity only
1.2 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.9 years

Top Buys

Rank Stock Value
1
TMHC icon
Taylor Morrison
TMHC
+$6.29M
2
HD icon
Home Depot
HD
+$5.37M
3
DX icon
Dynex Capital
DX
+$4.77M
4
ADAM icon
Adamas Trust
ADAM
+$3.92M
5
TOL icon
Toll Brothers
TOL
+$3.03M

Top Sells

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$9.1M
2
Z icon
Zillow
Z
+$6.76M
3
BLDR icon
Builders FirstSource
BLDR
+$4.69M
4
OPRT icon
Oportun Financial
OPRT
+$4.54M
5
MTH icon
Meritage Homes
MTH
+$4.17M

Sector Composition

Rank Sector Weight
1 Miscellaneous 59.33%
2 Real Estate 19.25%
3 Consumer Discretionary 11.91%
4 Financials 8.67%
5 Industrials 0.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
$27.2M 13.37%
50,000
-5,000
-9% -$2.62M
2021 Q3
11 quarters
IWM icon
2
PUT
iShares Russell 2000 ETF
IWM
$76.4B
$26.4M 12.95%
129,900
+20,000
+18% +$4.04M
2023 Q1
5 quarters
NCLH icon
3
PUT
Norwegian Cruise Line
NCLH
$6.83B
$16M 7.85%
850,000
– –
2023 Q2
4 quarters
HYG icon
4
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$14.3M 7.03%
185,500
-3,885,100
-95% -$299M
2021 Q3
11 quarters
EFC icon
5
Ellington Financial
EFC
$1.51B
$11.2M 5.5%
927,141
– –
2021 Q3
11 quarters
CCL icon
6
PUT
Carnival Corporation Ltd
CCL
$34.9B
$10.9M 5.34%
580,000
– –
2023 Q4
2 quarters
MFA icon
7
MFA Financial
MFA
$662M
$8.06M 3.96%
757,693
-175,918
-19% -$1.89M
2022 Q2
8 quarters
ADAM icon
8
Adamas Trust
ADAM
$674M
$7.01M 3.44%
1,199,850
+610,971
+104% +$3.92M
2021 Q3
11 quarters
RPT icon
9
Rithm Property Trust
RPT
$82.7M
$6.93M 3.41%
323,442
– –
2021 Q3
11 quarters
BZH icon
10
Beazer Homes USA
BZH
$889M
$6.8M 3.34%
247,349
+28,208
+13% +$800K
2023 Q4
2 quarters
TMHC icon
11
DELISTED
Taylor Morrison
TMHC
$6.1M 3%
+110,000
New +$6.29M
2024 Q2
0 quarters
PFSI icon
12
PennyMac Financial
PFSI
$3B
$6.1M 3%
64,451
+33,370
+107% +$3.02M
2024 Q1
1 quarter
HD icon
13
Home Depot
HD
$295B
$5.42M 2.66%
+15,750
New +$5.37M
2024 Q2
0 quarters
ECHO icon
14
PUT
EchoStar
ECHO
$25.6B
$5.34M 2.63%
300,000
– –
2023 Q4
2 quarters
TREX icon
15
CALL
Trex
TREX
$4.52B
$5.19M 2.55%
+70,000
New +$6.12M
2024 Q2
0 quarters
AGNC icon
16
PUT
AGNC Investment
AGNC
$10.2B
$4.77M 2.34%
+500,000
New +$4.78M
2024 Q2
0 quarters
DX icon
17
Dynex Capital
DX
$2.69B
$4.74M 2.33%
+396,832
New +$4.77M
2024 Q2
0 quarters
AAL icon
18
PUT
American Airlines Group
AAL
$7.8B
$4.53M 2.23%
400,000
– –
2023 Q4
2 quarters
TOL icon
19
Toll Brothers
TOL
$12B
$2.88M 1.42%
+25,000
New +$3.03M
2024 Q2
0 quarters
RDN icon
20
Radian Group
RDN
$4.42B
$2.35M 1.15%
+75,465
New +$2.33M
2024 Q2
0 quarters
COOP icon
21
DELISTED
Mr. Cooper
COOP
$2.28M 1.12%
28,042
+5,000
+22% +$402K
2021 Q3
11 quarters
HYG icon
22
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$2.14M 1.05%
27,776
-44,982
-62% -$3.46M
2022 Q3
7 quarters
MTG icon
23
MGIC Investment
MTG
$5.6B
$2.13M 1.05%
+98,765
New +$2.05M
2024 Q2
0 quarters
OPRT icon
24
Oportun Financial
OPRT
$404M
$2.06M 1.01%
711,631
-1,498,269
-68% -$4.54M
2022 Q4
6 quarters
MTH icon
25
Meritage Homes
MTH
$3.78B
$1.77M 0.87%
21,922
-49,610
-69% -$4.17M
2023 Q3
3 quarters
1
2

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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 $7.39M 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 Miscellaneous at 59% of assets, down from 84% a quarter earlier, followed by Real Estate and Consumer Discretionary.

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.