Q4 2024 Holdings
Filed 2025-02-12 | 26 holdings | $168.3M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $44.0M | 75,000 | 26.1% |
| Norwegian Cruise Line Hldg L(NCLH)Put | SHS | G66721104 | $21.9M | 850,000 | 13.0% |
| Carnival Corp(CCL)Put | UNIT 99/99/9999 | 143658300 | $14.5M | 580,000 | 8.6% |
| Ellington Financial Inc(EFC) | COM | 28852N109 | $11.2M | 927,141 | 6.7% |
| MR Cooper Group Inc(07WA) | COM | 62482R107 | $8.4M | 87,512 | 5.0% |
| American Airls Group Inc(AAL)Put | COM | 02376R102 | $7.0M | 400,000 | 4.1% |
| Echostar Corp(SATS)Put | CL A | 278768106 | $6.9M | 300,000 | 4.1% |
| Taylor Morrison Home Corp(TMHC) | COM | 87724P106 | $6.1M | 99,173 | 3.6% |
| Owens Corning New(OC) | COM | 690742101 | $4.6M | 27,000 | 2.7% |
| New York MTG TR Inc(ADAM) | COM | 649604840 | $4.4M | 726,121 | 2.6% |
| First Amern Finl Corp(FAF) | COM | 31847R102 | $4.4M | 69,982 | 2.6% |
| Essent Group LTD(ESNT) | COM | G3198U102 | $3.6M | 66,773 | 2.2% |
| Rithm Property Trust Inc | COM | 38983D300 | $3.4M | 1,147,287 | 2.0% |
| Toll Brothers Inc(TOL) | COM | 889478103 | $2.9M | 23,000 | 1.7% |
| Masterbrand Inc(MBC) | COMMON STOCK | 57638P104 | $2.9M | 196,082 | 1.7% |
| Tempur Sealy Intl Inc(SGI) | COM | 88023U101 | $2.8M | 50,000 | 1.7% |
| Arhaus Inc(ARHS) | COM CL A | 04035M102 | $2.8M | 294,719 | 1.6% |
| UWM Holdings Corporation(UWMC) | COM CL A | 91823B109 | $2.6M | 442,448 | 1.5% |
| Rocket COS Inc(RKT) | COM CL A | 77311W101 | $2.5M | 220,748 | 1.5% |
| Oportun Finl Corp(OPRT) | COM | 68376D104 | $2.4M | 623,223 | 1.4% |
| MFA Finl Inc(MFA) | COM | 55272X607 | $2.2M | 218,100 | 1.3% |
| Ishares TR(HYG) | IBOXX HI YD ETF | 464288513 | $2.2M | 27,776 | 1.3% |
| Toll Brothers Inc(TOL)Call | COM | 889478103 | $1.6M | 12,500 | 0.9% |
| Invesco Mortgage Capital Inc(IVR) | COM | 46131B704 | $1.2M | 150,817 | 0.7% |
| Ellington Credit Company(EARN) | COM SHS BEN INT | 288578107 | $986.9K | 149,086 | 0.6% |
| Pennymac Corp | NOTE 5.500% 3/1 | 70932AAF0 | $979.5K | $1,000,000 | 0.6% |