You're signed outSign in or to get full access.
Emg Holdings, L.P.
EMG Holdings, L.P. is a domestic hedge fund entity and the controlling member of Ellington Management Group, L.L.C., a prominent asset management firm founded in 1994 and headquartered in Old Greenwich, Connecticut. The firm primarily operates as a hedge fund, focusing on fixed income, mortgage-backed securities, and related markets, and serves institutional investors, pension funds, and high-net-worth individuals. EMG Holdings, L.P. itself was established in 2007 and directly links to management and investment oversight activities within the broader Ellington Management organization.
Investment Strategy
EMG Holdings, L.P., via Ellington Management Group, utilizes quantitative and fundamental research to identify investment opportunities primarily in mortgage-backed securities, structured credit, and related fixed income products. The firm is known for its opportunistic and disciplined risk management approach, often employing a combination of long/short and arbitrage strategies to manage risk and optimize returns, with a deep focus on securitized and credit markets.
Latest 13F Filing Activity
Emg Holdings, L.P. filed their most recent 13F report on Jun 30, 2025 disclosing 15 equity positions and 5 options positions with a total 13F market value of $136M. The fund increased holdings in M/i Homes Inc., Uwm Holdings Corporation, Compass Inc. among other positions. Emg Holdings, L.P. reduced exposure to Pennymac Finl SVCS Inc. New, MR Cooper Group Inc., First Amern Finl Corp. among others.
Top Holdings
Equity Positions (15)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
E EFC | ELLINGTON FINANCIAL INC | 9.10% | $12.4M | 961,018 | $18.07 | $12.99 | +$122.5K |
M MFA | MFA FINL INC | 6.79% | $9.3M | 979,969 | $9.81 | $9.46 | +$3.0M |
M MHO | M/I HOMES INC | 5.61% | $7.7M | 68,301 | $112.12 | $112.12 | +$7.7M |
U UWMC | UWM HOLDINGS CORPORATION | 5.39% | $7.4M | 1,777,370 | $4.14 | $4.14 | +$7.4M |
H HYG | ISHARES TR | 4.94% | $6.7M | 83,566 | $78.38 | $80.65 | +$4.5M |
Options Positions (5)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
N NLY | ANNALY CAPITAL MANAGEMENT IN | New | Call | $18.8M | 10,000 | $18.82 | $18.82 | +10,000 | +$18.8M |
C CCL | CARNIVAL CORP | — | Put | $16.3M | 5,800 | $28.12 | $18.54 | 0 | +$5.0M |
X XLF | SELECT SECTOR SPDR TR | Sold | Put | $10.5M | 2,000 | $52.37 | $49.81 | -1,000 | -$4.5M |
U UWMC | UWM HOLDINGS CORPORATION | New | Call | $8.3M | 20,000 | $4.14 | $4.14 | +20,000 | +$8.3M |
A AAL | AMERICAN AIRLS GROUP INC | — | Put | $4.5M | 4,000 | $11.22 | $13.74 | 0 | +$268.0K |
Industry Allocation
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more