Emg L.P. 13F annual report
Emg L.P. is an investment fund managing more than $84.9 billion ran by Patrick Maloney. There are currently 22 companies in Mr. Maloney’s portfolio. The largest investments include Ellington and Mfa Finl Inc, together worth $19.3 billion.
$84.9 billion Assets Under Management (AUM)
As of 5th August 2024, Emg L.P.’s top holding is 927,141 shares of Ellington currently worth over $11.2 billion and making up 13.2% of the portfolio value.
Relative to the number of outstanding shares of Ellington, Emg L.P. owns less than approximately 0.1% of the company.
In addition, the fund holds 757,693 shares of Mfa Finl Inc worth $8.06 billion.
The third-largest holding is New York Mtg Tr Inc worth $7.01 billion and the next is Great Ajax Corp worth $6.93 billion, with 1,940,649 shares owned.
Currently, Emg L.P.'s portfolio is worth at least $84.9 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Emg L.P.
The Emg L.P. office and employees reside in Old Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Patrick Maloney serves as the Chief Compliance Officer at Emg L.P..
Recent trades
In the most recent 13F filing, Emg L.P. revealed that it had opened a new position in
Taylor Morrison Home and bought 110,000 shares worth $6.1 billion.
This means they effectively own approximately 0.1% of the company.
Taylor Morrison Home makes up
26.5%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in New York Mtg Tr Inc by buying
610,971 additional shares.
This makes their stake in New York Mtg Tr Inc total 1,199,850 shares worth $7.01 billion.
On the other hand, there are companies that Emg L.P. is getting rid of from its portfolio.
Emg L.P. closed its position in Annaly Capital Management In on 12th August 2024.
It sold the previously owned 462,085 shares for $9.1 billion.
Patrick Maloney also disclosed a decreased stake in Mfa Finl Inc by 0.2%.
This leaves the value of the investment at $8.06 billion and 757,693 shares.
One of the smallest hedge funds
The two most similar investment funds to Emg L.P. are Mas Advisors and Dai-ichi Life. They manage $84.9 billion and $84.9 billion respectively.
Patrick Maloney investment strategy
Emg L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 27.1% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
14% of the total holdings value.
On the other hand, large-cap stocks make up only 4.5% of the portfolio.
The average market cap of the portfolio companies is close to $29.2 billion.
The complete list of Emg L.P. trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ellington Financial Inc. |
No change
927,141
|
$11,199,863,000 | 13.19% |
| Annaly Capital Management In |
Closed
462,085
|
$9,098,454,000 | |
| Mfa Finl Inc |
18.84%
757,693
|
$8,061,854,000 | 9.50% |
| New York Mtg Tr Inc |
103.75%
1,199,850
|
$7,007,124,000 | 8.25% |
| Great Ajax Corp |
No change
1,940,649
|
$6,928,117,000 | 8.16% |
| Beazer Homes USA Inc. |
12.87%
247,349
|
$6,797,151,000 | 8.01% |
| Zillow Group Inc |
Closed
138,547
|
$6,758,323,000 | |
| Taylor Morrison Home Corp. |
Opened
110,000
|
$6,098,400,000 | 7.18% |
| Pennymac Finl Svcs Inc New |
107.36%
64,451
|
$6,097,065,000 | 7.18% |
| Home Depot, Inc. |
Opened
15,750
|
$5,421,780,000 | 6.39% |
| Dynex Cap Inc |
Opened
396,832
|
$4,738,174,000 | 5.58% |
| Builders Firstsource Inc |
Closed
22,500
|
$4,692,375,000 | |
| Toll Brothers Inc. |
Opened
25,000
|
$2,879,500,000 | 3.39% |
| Radian Group, Inc. |
Opened
75,465
|
$2,346,962,000 | 2.76% |
| Mr. Cooper Group Inc |
21.70%
28,042
|
$2,277,852,000 | 2.68% |
| Ishares Tr |
61.82%
27,776
|
$2,142,641,000 | 2.52% |
| Mgic Invt Corp Wis |
Opened
98,765
|
$2,128,386,000 | 2.51% |
| Oportun Finl Corp |
67.80%
711,631
|
$2,063,730,000 | 2.43% |
| Meritage Homes Corp. |
69.35%
10,961
|
$1,774,038,000 | 2.09% |
| Azek Co Inc |
Opened
40,911
|
$1,723,580,000 | 2.03% |
| Essent Group Ltd |
Opened
30,000
|
$1,685,700,000 | 1.99% |
| Talos Energy Inc |
Closed
93,107
|
$1,296,981,000 | |
| American Woodmark Corporatio |
65.58%
15,945
|
$1,253,277,000 | 1.48% |
| Ellington Credit Co. |
No change
149,086
|
$1,036,148,000 | 1.22% |
| Forestar Group Inc |
Opened
28,487
|
$911,299,000 | 1.07% |
| Lennar Corp. |
Closed
5,000
|
$859,900,000 | |
| Ag Mtg Invt Tr Inc |
No change
47,846
|
$317,697,000 | 0.37% |
| No transactions found | |||
| Showing first 500 out of 27 holdings | |||
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