Fund Holdings

EMG Holdings, L.P.

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
STATE STR SPDR S&P 500 ETF T(SPY)(Call)0370,000+370,0000240,625,811+240,625,811
INVESCO EXCH TRADED FD TR II(Put)0844,400+844,400017,234,204+17,234,204
RITHM CAPITAL CORP(RITM)(Call)01,000,000+1,000,00009,480,000+9,480,000
STATE STR SPDR S&P 500 ETF T(SPY)(Put)30,00040,000+10,00020,457,59926,013,601+5,556,002
ISHARES TR(Call)050,000+50,00004,527,500+4,527,500
DYNEX CAP INC(DX)0345,000+345,00004,402,2006.46%+4,402,200
KB HOME(KBH)077,657+77,65704,018,7505.90%+4,018,750
FORTUNE BRANDS INNOVATIONS I(FBIN)0100,000+100,00003,897,0005.72%+3,897,000
ESSENT GROUP LTD(ESNT)060,000+60,00003,506,4005.15%+3,506,400
PENNYMAC FINL SVCS INC NEW(PFSI)20,00065,727+45,7272,636,8005,744,5408.44%+3,107,740
RITHM CAPITAL CORP(RITM)0300,000+300,00002,844,0004.18%+2,844,000
CENTURY COMMUNITIES INC(CCS)13,82156,285+42,464820,2763,229,6334.74%+2,409,357
M/I HOMES INC(MHO)27,52947,700+20,1713,522,3365,840,8658.58%+2,318,529
COMPASS INC(COMP)0256,987+256,98701,878,5752.76%+1,878,575
COMPASS INC(COMP)(Call)0200,000+200,00001,462,000+1,462,000
CAMDEN PPTY TR(CPT)38,70055,176+16,4764,260,0965,388,4887.91%+1,128,392
JANUS DETROIT STR TR(Put)020,000+20,0000932,100+932,100
MID-AMER APT CMNTYS INC(MAA)24,80034,800+10,0003,444,9684,249,7766.24%+804,808
ISHARES TR(Put)100,000100,000024,616,00024,800,000+184,000
BEELINE HOLDINGS INC195,781195,7810336,743460,0850.68%+123,342
NVR INC(NVR)250273+231,823,1931,799,0242.64%-24,169
OPORTUN FINL CORP139,172139,1720736,220641,5830.94%-94,637
SSGA ACTIVE ETF TR(Put)85,30085,30003,520,3313,423,942-96,389
MASTERBRAND INC(MBC)10,5660-10,566116,6490-116,649
ELLINGTON CREDIT COMPANY149,086149,0860785,683660,4510.97%-125,232
LEGACY HOUSING CORP17,5240-17,524342,0680-342,068
MFA FINL INC(MFA)719,478638,478-81,0006,698,3406,116,6198.98%-581,721
PENNYMAC CORP(PMT)0001,004,3240-1,004,324
FLOOR & DECOR HLDGS INC(FND)58,13740,000-18,1373,539,9622,032,0002.98%-1,507,962
ELLINGTON FINANCIAL INC(EFC)961,018961,018013,050,62411,388,06316.72%-1,662,561
TAYLOR MORRISON HOME CORP(TMHC)30,0000-30,0001,766,1000-1,766,100
TREX CO INC(TREX)60,0000-60,0002,104,8000-2,104,800
CHAMPION HOMES INC(SKY)31,8290-31,8292,689,5510-2,689,551
OWENS CORNING NEW(OC)24,8930-24,8932,785,7760-2,785,776
MASCO CORP(MAS)45,0000-45,0002,855,7000-2,855,700
CAVCO INDS INC DEL(CVCO)5,0430-5,0432,979,1020-2,979,102
RADIAN GROUP INC(RDN)120,0000-120,0004,318,8000-4,318,800
ISHARES TR(Put)100,0000-100,0009,630,0000-9,630,000
D R HORTON INC(DHI)(Put)100,0000-100,00014,403,0000-14,403,000
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