Q1 2025 Holdings
Filed 2025-05-14 | 26 holdings | $207.8M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(LQD)Put | IBOXX INV CP ETF | 464287242 | $42.4M | 390,000 | 20.4% |
| Lowes COS Inc(LOW)Put | COM | 548661107 | $23.3M | 100,000 | 11.2% |
| Select Sector Spdr TR(XLF)Put | FINANCIAL | 81369Y605 | $14.9M | 300,000 | 7.2% |
| Agnc Invt Corp(AGNC)Put | COM | 00123Q104 | $14.4M | 1,500,000 | 6.9% |
| Ellington Financial Inc(EFC) | COM | 28852N109 | $12.3M | 927,141 | 5.9% |
| MR Cooper Group Inc(07WA) | COM | 62482R107 | $11.6M | 96,896 | 5.6% |
| Carnival Corp(CCL)Put | UNIT 99/99/9999 | 143658300 | $11.3M | 580,000 | 5.5% |
| Home Depot Inc(HD)Put | COM | 437076102 | $11.0M | 30,000 | 5.3% |
| Meritage Homes Corp(MTH) | COM | 59001A102 | $10.1M | 141,977 | 4.8% |
| Taylor Morrison Home Corp(TMHC) | COM | 87724P106 | $9.9M | 165,000 | 4.8% |
| Pennymac Finl Svcs Inc New(PFSI) | COM | 70932M107 | $6.5M | 64,580 | 3.1% |
| MFA Finl Inc(MFA) | COM | 55272X607 | $6.2M | 608,054 | 3.0% |
| Somnigroup International Inc(SGI) | COM | 88023U101 | $5.9M | 98,000 | 2.8% |
| First Amern Finl Corp(FAF) | COM | 31847R102 | $5.6M | 85,000 | 2.7% |
| Owens Corning New(OC) | COM | 690742101 | $4.5M | 31,359 | 2.2% |
| American Airls Group Inc(AAL)Put | COM | 02376R102 | $4.2M | 400,000 | 2.0% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $2.8M | 5,000 | 1.3% |
| Rocket COS Inc(RKT) | COM CL A | 77311W101 | $2.4M | 200,000 | 1.2% |
| Ishares TR(HYG) | IBOXX HI YD ETF | 464288513 | $2.2M | 27,776 | 1.1% |
| Toll Brothers Inc(TOL) | COM | 889478103 | $2.1M | 19,971 | 1.0% |
| Pennymac Corp | NOTE 5.500% 3/1 | 70932AAF0 | $990.7K | $1,000,000 | 0.5% |
| Ellington Credit Company(EARN) | COM SHS BEN INT | 288578107 | $806.6K | 149,086 | 0.4% |
| Oportun Finl Corp(OPRT) | COM | 68376D104 | $764.1K | 139,172 | 0.4% |
| Rithm Ppty TR Inc | COM | 38983D300 | $756.6K | 263,635 | 0.4% |
| LGI Homes Inc(LGIH) | COM | 50187T106 | $588.4K | 8,852 | 0.3% |
| Beeline Holdings Inc(BLNE) | COM NEW | 277802500 | $360.2K | 195,780 | 0.2% |