Ellington Management Group 13F annual report

Ellington Management Group is an investment fund managing more than $141 million ran by Peter Lin. There are currently 41 companies in Mr. Lin’s portfolio. The largest investments include New Residential Invt Corp and Ellington Inc, together worth $34.9 million.

Limited to 30 biggest holdings

$141 million Assets Under Management (AUM)

As of 9th August 2021, Ellington Management Group’s top holding is 1,759,306 shares of New Residential Invt Corp currently worth over $18.6 million and making up 13.2% of the portfolio value. In addition, the fund holds 850,887 shares of Ellington Inc worth $16.3 million, whose value grew 14.1% in the past six months. The third-largest holding is Mr. Cooper Inc worth $13 million and the next is Ishares Tr worth $11.6 million, with 132,076 shares owned.

Currently, Ellington Management Group's portfolio is worth at least $141 million. 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 Ellington Management Group

The Ellington Management Group office and employees reside in Old Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Peter Lin serves as the Chief Compliance Officer at Ellington Management Group.

Recent trades

In the most recent 13F filing, Ellington Management Group revealed that it had opened a new position in New Residential Invt Corp and bought 1,759,306 shares worth $18.6 million.

The investment fund also strengthened its position in Ellington Inc by buying 637 additional shares. This makes their stake in Ellington Inc total 850,887 shares worth $16.3 million. Ellington Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Ellington Management Group is getting rid of from its portfolio. Ellington Management Group closed its position in Agnc Invt Corp on 16th August 2021. It sold the previously owned 783,372 shares for $13.1 million. Peter Lin also disclosed a decreased stake in Great Ajax Corp by approximately 0.1%. This leaves the value of the investment at $5.08 million and 391,699 shares.

One of the smallest hedge funds

The two most similar investment funds to Ellington Management Group are Hilltop Wealth Advisors and Garrett Wealth Advisory. They manage $141 million and $141 million respectively.

Peter Lin investment strategy

Ellington Management Group’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Finance — making up 20.7% of the total portfolio value. The fund focuses on investments in the United States as 43.9% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 20% of the total holdings value. On the other hand, small-cap stocks make up only 2.4% of the portfolio. The average market cap of the portfolio companies is close to $9.4 billion.

The complete list of Ellington Management Group trades based on 13F SEC filings

These positions were updated on August 16th 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
New Residential Invt Corp	Opened 1,759,306	$18,631,000	13.18%
Ellington Financial Inc	0.07% 850,887	$16,294,000	11.53%
Agnc Invt Corp	Closed 783,372	$13,129,000
Mr. Cooper Group Inc	309.33% 393,763	$13,018,000	9.21%
Ishares Tr	Opened 132,076	$11,628,000	8.23%
Pennymac Finl Svcs Inc New	205.30% 187,278	$11,559,000	8.18%
Mfa Finl Inc	124.40% 1,411,968	$6,481,000	4.58%
Kohls Corp	Opened 109,995	$6,062,000	4.29%
Viacomcbs Inc	Opened 132,172	$5,974,000	4.23%
Essent Group Ltd	Closed 120,000	$5,699,000
Mgic Invt Corp Wis	Closed 403,600	$5,590,000
Great Ajax Corp	2.10% 391,699	$5,084,000	3.60%
Lear Corp.	Opened 27,528	$4,825,000	3.41%
Nordstrom, Inc.	97.28% 110,714	$4,049,000	2.86%
Cerberus Telecom Acquisition	Opened 400,000	$3,972,000	2.81%
Campbell Soup Co.	Opened 64,700	$2,950,000	2.09%
Ready Capital Corp	53.94% 138,745	$2,202,000	1.56%
Kinder Morgan Inc	No change 119,000	$2,169,000	1.53%
Arbor Realty Trust Inc.	Closed 128,358	$2,041,000
Conagra Brands Inc	Opened 55,779	$2,029,000	1.44%
Vector Acquisition Corp Ii	No change 200,000	$1,986,000	1.40%
Wynn Resorts Ltd.	462.19% 15,792	$1,931,000	1.37%
Hasbro, Inc.	Opened 20,318	$1,920,000	1.36%
Nabors Industries Ltd	75.40% 16,360	$1,869,000	1.32%
General Mtrs Co	Opened 28,519	$1,687,000	1.19%
Kroger Co.	Opened 39,000	$1,494,000	1.06%
Orchid Is Cap Inc	Opened 284,925	$1,479,000	1.05%
New York Mtg Tr Inc	44.56% 323,426	$1,446,000	1.02%
Ellington Residential Mtg Re	Opened 106,472	$1,253,000	0.89%
APA Corporation	0.54% 57,198	$1,237,000	0.88%
EQT Corp	Opened 53,472	$1,190,000	0.84%
Kellogg Co	Closed 17,317	$1,096,000
Charter Communications Inc N	Closed 1,706	$1,053,000
Select Sector Spdr Tr	Opened 25,000	$917,000	0.65%
Lumen Technologies, Inc.	Opened 65,965	$896,000	0.63%
United States Stl Corp New	Opened 36,359	$873,000	0.62%
Pfizer Inc.	Closed 22,536	$816,000
Redwood Tr Inc	Closed 70,710	$736,000
Becton Dickinson Co	Closed 2,922	$710,000
Devon Energy Corp.	Closed 32,187	$703,000
Community Health Sys Inc New	Opened 44,560	$688,000	0.49%
Lument Finance Trust, Inc.	Closed 181,858	$642,000
Qurate Retail Inc	Opened 48,088	$629,000	0.44%
Diversified Healthcare Tr	Opened 137,619	$575,000	0.41%
Granite Pt Mtg Tr Inc	Closed 46,991	$562,000
Realogy Hldgs Corp	Opened 29,208	$532,000	0.38%
Microsoft Corporation	Closed 2,048	$483,000
Clearwater Paper Corp	Opened 16,163	$468,000	0.33%
Triumph Group Inc.	Opened 19,151	$397,000	0.28%
Two	Opened 12,231	$310,000	0.22%
Apple Inc	Closed 1,876	$229,000
Donnelley R R Sons Co	Opened 36,263	$228,000	0.16%
Simon Ppty Group Inc New	Opened 1,658	$216,000	0.15%
Expedia Group Inc	Closed 900	$155,000
Impac Mtg Hldgs Inc	No change 51,900	$110,000	0.08%
Khosla Ventures Acquisition	No change 10,000	$99,000	0.07%
No transactions found
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