AI Portfolio Summary
In 2025 Q4, EMG Holdings, L.P. maintained a portfolio of 40 distinct positions. The most significant new addition to the portfolio was D R HORTON INC, which now represents 10.65% of the total fund value. Conversely, EMG Holdings, L.P. completely exited their position in SELECT SECTOR SPDR T.
Total Positions
40
Quarter
2025 Q4
Top Holding
IWM (18.2%)
Top 10 Concentration
77.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 40
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
IWM
PUT
ISHARES TR
|
PUT Option | 18.20% | 15.46% |
#1
1
Prev: #2
|
7.4 | -70,000 | -41.2% |
P
S
|
100,000 | $24,616,000 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPY
PUT
SPDR S&P 500 ET...
|
PUT Option | 15.13% | 25.03% |
#2
1
Prev: #1
|
6.3 | -70,000 | -70.0% |
P
S
|
30,000 | $20,457,599 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DHI
PUT
D R HORTON INC
|
PUT Option | 10.65% | — |
#3
Prev: #—
|
6.3 | 100,000 | no change |
NEW
|
100,000 | $14,403,000 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EFC
ELLINGTON FINAN...
|
Real Estate | 9.65% | 4.69% |
#4
2
Prev: #6
|
3.9 | no change | no change |
P
S
|
961,018 | $13,050,624 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ITB
PUT
ISHARES TR
|
PUT Option | 7.12% | — |
#5
Prev: #—
|
4.8 | 100,000 | no change |
NEW
|
100,000 | $9,630,000 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MFA
MFA FINL INC
|
Real Estate | 4.95% | 3.67% |
#6
2
Prev: #8
|
2.1 | -342,557 | -32.3% |
P
S
|
719,478 | $6,698,340 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RDN
RADIAN GROUP IN...
|
Financial Services | 3.19% | — |
#7
Prev: #—
|
3.3 | 120,000 | no change |
NEW
|
120,000 | $4,318,800 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CPT
CAMDEN PPTY TR
|
Bond/Debt | 3.15% | — |
#8
Prev: #—
|
3.3 | 38,700 | no change |
NEW
|
38,700 | $4,260,096 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FND
FLOOR & DECOR H...
|
Consumer Cyclical | 2.62% | — |
#9
Prev: #—
|
3.0 | 58,137 | no change |
NEW
|
58,137 | $3,539,962 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MHO
M/I HOMES INC
|
Consumer Cyclical | 2.60% | 0.97% |
#10
9
Prev: #19
|
3.2 | 9,719 | 54.6% |
P
S
|
27,529 | $3,522,336 | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SRLN
PUT
SSGA ACTIVE ETF...
|
PUT Option | 2.60% | — |
#11
Prev: #—
|
3.0 | 85,300 | no change |
NEW
|
85,300 | $3,520,331 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MAA
MID-AMER APT CM...
|
Real Estate | 2.55% | — |
#12
Prev: #—
|
3.0 | 24,800 | no change |
NEW
|
24,800 | $3,444,968 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CVCO
CAVCO INDS INC ...
|
Consumer Cyclical | 2.20% | — |
#13
Prev: #—
|
2.9 | 5,043 | no change |
NEW
|
5,043 | $2,979,102 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MAS
MASCO CORP
|
Industrials | 2.11% | — |
#14
Prev: #—
|
2.8 | 45,000 | no change |
NEW
|
45,000 | $2,855,700 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OC
OWENS CORNING N...
|
Industrials | 2.06% | — |
#15
Prev: #—
|
2.8 | 24,893 | no change |
NEW
|
24,893 | $2,785,776 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SKY
CHAMPION HOMES ...
|
Consumer Cyclical | 1.99% | 4.88% |
#16
11
Prev: #5
|
1.0 | -138,066 | -81.3% |
P
S
|
31,829 | $2,689,551 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PFSI
PENNYMAC FINL S...
|
Financial Services | 1.95% | 2.43% |
#17
4
Prev: #13
|
1.0 | -32,132 | -61.6% |
P
S
|
20,000 | $2,636,800 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TREX
TREX CO INC
|
Industrials | 1.56% | — |
#18
Prev: #—
|
2.6 | 60,000 | no change |
NEW
|
60,000 | $2,104,800 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVR
NVR INC
|
Consumer Cyclical | 1.35% | — |
#19
Prev: #—
|
2.5 | 250 | no change |
NEW
|
250 | $1,823,193 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TMHC
TAYLOR MORRISON...
|
Consumer Cyclical | 1.31% | 1.98% |
#20
6
Prev: #14
|
0.7 | -50,000 | -62.5% |
P
S
|
30,000 | $1,766,100 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
PENNYMAC CORP
|
—
|
Bond/Debt | 0.74% | 0.38% |
#21
2
Prev: #23
|
0.3 | no change | no change |
P
S
|
1,000,000 | $1,004,324 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
CCS
CENTURY CMNTYS ...
|
Real Estate | 0.61% | — |
#22
Prev: #—
|
2.2 | 13,821 | no change |
NEW
|
13,821 | $820,276 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EARN
ELLINGTON CREDI...
|
Bond/Debt | 0.58% | 0.31% |
#23
2
Prev: #25
|
0.2 | no change | no change |
P
S
|
149,086 | $785,683 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OPRT
OPORTUN FINL CO...
|
Financial Services | 0.54% | 0.32% |
#24
Prev: #24
|
0.2 | no change | no change |
P
S
|
139,172 | $736,220 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LEGH
LEGACY HOUSING ...
|
Consumer Cyclical | 0.25% | — |
#25
Prev: #—
|
2.1 | 17,524 | no change |
NEW
|
17,524 | $342,068 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XLF
PUT
SELECT SECTOR S...
|
PUT Option | 0.00% | 10.12% |
Sold All 😨
(Was: #3) |
0.3 | -500,000 | -100.0% |
CLOSED
|
— | $— | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCL
PUT
CARNIVAL CORP
|
PUT Option | 0.00% | 6.30% |
Sold All 😨
(Was: #4) |
0.3 | -580,000 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ARR
ARMOUR RESIDENT...
|
Real Estate | 0.00% | 4.01% |
Sold All 😨
(Was: #7) |
0.3 | -714,416 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DX
DYNEX CAP INC
|
Real Estate | 0.00% | 3.21% |
Sold All 😨
(Was: #9) |
0.3 | -695,711 | -100.0% |
CLOSED
|
— | $— | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SKY
CALL
CHAMPION HOMES ...
|
CALL Option | 0.00% | 2.87% |
Sold All 😨
(Was: #10) |
0.3 | -100,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ARR
CALL
ARMOUR RESIDENT...
|
CALL Option | 0.00% | 2.81% |
Sold All 😨
(Was: #11) |
0.3 | -500,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HYG
ISHARES TR
|
ETF | 0.00% | 2.55% |
Sold All 😨
(Was: #12) |
0.3 | -83,566 | -100.0% |
CLOSED
|
— | $— | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAL
PUT
AMERICAN AIRLS ...
|
PUT Option | 0.00% | 1.69% |
Sold All 😨
(Was: #15) |
0.3 | -400,000 | -100.0% |
CLOSED
|
— | $— | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COMP
COMPASS INC
|
Real Estate | 0.00% | 1.39% |
Sold All 😨
(Was: #16) |
0.3 | -460,802 | -100.0% |
CLOSED
|
— | $— | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UWMC
UWM HOLDINGS CO...
|
Financial Services | 0.00% | 1.29% |
Sold All 😨
(Was: #17) |
0.3 | -565,589 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SGI
SOMNIGROUP INTE...
|
Consumer Cyclical | 0.00% | 1.11% |
Sold All 😨
(Was: #18) |
0.3 | -35,000 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LOW
LOWES COS INC
|
Consumer Cyclical | 0.00% | 0.94% |
Sold All 😨
(Was: #20) |
0.3 | -10,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
INVH
CALL
INVITATION HOME...
|
CALL Option | 0.00% | 0.49% |
Sold All 😨
(Was: #22) |
0.3 | -44,800 | -100.0% |
CLOSED
|
— | $— | 2023 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 40 holdings