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.
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 |