Q3 2025 · 13F-HR
EMG Holdings, L.P.holdings as filed
Filed 2025-11-14 · accession 0001478394-25-000004
$266.1M
Reported value
26
Positions
2025-09-30
Period end
The Brief · EMG Holdings, L.P. · Q3 2025
AI · grounded in 13F
EMG Holdings, L.P. established a new position in SPY valued at $66.6M. The fund also initiated new stakes in IWM for $41.1M and XLF for $26.9M. Additional new positions include SKY at $20.6M and ARR at $18.1M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $66.6M | 25.0% | 100,000 | PUT | SOLE |
| 464287655 | IWM | ISHARES TR | $41.1M | 15.5% | 170,000 | PUT | SOLE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $26.9M | 10.1% | 500,000 | PUT | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $16.8M | 6.30% | 580,000 | PUT | SOLE |
| 830830105 | SKY | CHAMPION HOMES INC | $13.0M | 4.88% | 169,895 | Common | SOLE |
| 28852N109 | EFC | ELLINGTON FINANCIAL INC | $12.5M | 4.69% | 961,018 | Common | SOLE |
| 042315705 | ARR | ARMOUR RESIDENTIAL REIT INC | $10.7M | 4.01% | 714,416 | Common | SOLE |
| 55272X607 | MFA | MFA FINL INC | $9.8M | 3.67% | 1,062,035 | Common | SOLE |
| 26817Q886 | DX | DYNEX CAP INC | $8.6M | 3.21% | 695,711 | Common | SOLE |
| 830830105 | SKY | CHAMPION HOMES INC | $7.6M | 2.87% | 100,000 | CALL | SOLE |
| 042315705 | ARR | ARMOUR RESIDENTIAL REIT INC | $7.5M | 2.81% | 500,000 | CALL | SOLE |
| 464288513 | HYG | ISHARES TR | $6.8M | 2.55% | 83,566 | Common | SOLE |
| 70932M107 | PFSI | PENNYMAC FINL SVCS INC NEW | $6.5M | 2.43% | 52,132 | Common | SOLE |
| 87724P106 | TMHC | TAYLOR MORRISON HOME CORP | $5.3M | 1.98% | 80,000 | Common | SOLE |
| 02376R102 | AAL | AMERICAN AIRLS GROUP INC | $4.5M | 1.69% | 400,000 | PUT | SOLE |
| 20464U100 | COMP | COMPASS INC | $3.7M | 1.39% | 460,802 | Common | SOLE |
| 91823B109 | UWMC | UWM HOLDINGS CORPORATION | $3.4M | 1.29% | 565,589 | Common | SOLE |
| 88023U101 | SGI | SOMNIGROUP INTERNATIONAL INC | $3.0M | 1.11% | 35,000 | Common | SOLE |
| 55305B101 | MHO | M/I HOMES INC | $2.6M | 0.97% | 17,810 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $2.5M | 0.94% | 10,000 | Common | SOLE |
| 57638P104 | MBC | MASTERBRAND INC | $2.2M | 0.82% | 165,100 | Common | SOLE |
| 46187W107 | INVH | INVITATION HOMES INC | $1.3M | 0.49% | 44,800 | CALL | SOLE |
| 70932AAF0 | PMT 5.5 03/15/26 | PENNYMAC CORP | $998,405 | 0.38% | 1,000,000 | Common | SOLE |
| 68376D104 | OPRT | OPORTUN FINL CORP | $858,691 | 0.32% | 139,172 | Common | SOLE |
| 288578107 | EARN | ELLINGTON CREDIT COMPANY | $812,519 | 0.31% | 149,086 | Common | SOLE |
| 277802500 | BLNE | BEELINE HOLDINGS INC | $775,289 | 0.29% | 195,780 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.