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EMG Holdings Portfolio holdings
AUM
$125M
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
(-62%)
Cap. Flow
-$7.39M
Cap. Flow
% of AUM
-3.63%
Top 10 Holdings %
Top 10 Hldgs %
66.2%
Holding
48
New
11
Increased
5
Reduced
7
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TMHC
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 | 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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
| $27.2M | 13.37% |
50,000
-5,000
| -9% | -$2.62M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$80.8B
| $26.4M | 12.95% |
129,900
+20,000
| +18% | +$4.04M |
|
3
PUT
Norwegian Cruise Line
NCLH
$7.65B
| $16M | 7.85% |
850,000
| – | – |
|
4
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $14.3M | 7.03% |
185,500
-3,885,100
| -95% | -$299M |
|
|
EFC
5
Ellington Financial
EFC
$1.75B
| $11.2M | 5.5% |
927,141
| – | – |
|
6
PUT
Carnival Corporation Ltd
CCL
$33.9B
| $10.9M | 5.34% |
580,000
| – | – |
|
|
MFA
7
MFA Financial
MFA
$893M
| $8.06M | 3.96% |
757,693
-175,918
| -19% | -$1.89M |
|
|
ADAM
8
Adamas Trust
ADAM
$881M
| $7.01M | 3.44% |
1,199,850
+610,971
| +104% | +$3.92M |
|
|
RPT
9
Rithm Property Trust
RPT
$100M
| $6.93M | 3.41% |
323,442
| – | – |
|
10
Beazer Homes USA
BZH
$886M
| $6.8M | 3.34% |
247,349
+28,208
| +13% | +$800K |
|
|
TMHC
11
DELISTED
Taylor Morrison
TMHC
| $6.1M | 3% |
+110,000
| New | +$6.29M |
|
12
PennyMac Financial
PFSI
$3.81B
| $6.1M | 3% |
64,451
+33,370
| +107% | +$3.02M |
|
|
13
Home Depot
HD
$329B
| $5.42M | 2.66% |
+15,750
| New | +$5.37M |
|
|
ECHO
14
PUT
EchoStar
ECHO
$25.2B
| $5.34M | 2.63% |
300,000
| – | – |
|
15
CALL
Trex
TREX
$4.66B
| $5.19M | 2.55% |
+70,000
| New | +$6.12M |
|
16
PUT
AGNC Investment
AGNC
$12.9B
| $4.77M | 2.34% |
+500,000
| New | +$4.78M |
|
|
DX
17
Dynex Capital
DX
$3.2B
| $4.74M | 2.33% |
+396,832
| New | +$4.77M |
|
18
PUT
American Airlines Group
AAL
$9.03B
| $4.53M | 2.23% |
400,000
| – | – |
|
|
19
Toll Brothers
TOL
$13.5B
| $2.88M | 1.42% |
+25,000
| New | +$3.03M |
|
20
Radian Group
RDN
$4.82B
| $2.35M | 1.15% |
+75,465
| New | +$2.33M |
|
|
COOP
21
DELISTED
Mr. Cooper
COOP
| $2.28M | 1.12% |
28,042
+5,000
| +22% | +$402K |
|
|
22
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $2.14M | 1.05% |
27,776
-44,982
| -62% | -$3.46M |
|
23
MGIC Investment
MTG
$6.36B
| $2.13M | 1.05% |
+98,765
| New | +$2.05M |
|
|
24
Oportun Financial
OPRT
$338M
| $2.06M | 1.01% |
711,631
-1,498,269
| -68% | -$4.54M |
|
|
25
Meritage Homes
MTH
$4.63B
| $1.77M | 0.87% |
21,922
-49,610
| -69% | -$4.17M |
|
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BDPWM
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.