Emrys Partners, a financial investment advisory firm based in New York, was launched by Steve Eisman in March 2012. Eisman started the firm with $22.9 million raised from friends and family. Emrys Partners has an estimated $65.5 million of assets under management. Prior to founding Emrys Partners, Eisman worked at FrontPoint. In its latest 13F, Emrys Partners has reported its holdings as at the end of the fourth quarter of 2013. The value of the fund’s equity portfolio totaled over $150 million.
We are going to talk about Emrys Partners’ top five holdings in term of value. The first one is Northstar Realty Finance Corp. (NYSE:NRF), in which the find disclosed ownership of 837,100 shares, with a reported value of nearly $12 million. Northstar Realty Finance Corp. (NYSE:NRF) is engaged in acquiring and managing portfolios of commercial real estate debt, commercial real estate securities and net lease properties.
The second position is held by Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), which provides services to some of the most respected organizations in their industries, including one of the nation’s largest sub-prime servicers, government agencies and many lenders, servicers, investors, mortgage bankers, credit unions, financial services companies and hedge funds across the country. The fund owns 69,063 shares of Altisource, worth close to $11 million.
On the third spot is Ocwen Financial Corp (NYSE:OCN), in which Emrys Partners revealed holding 149,400 shares, with a reported value of more than $8 million. The company engages in the origination and servicing of mortgage loans.
In Lincoln National Corporation (NYSE:LNC), Emrys Partners holds 147,000 shares, worth over $7 million. The company is engaged in operating multiple insurance and retirement businesses through its subsididries.
The fifth-largest holding is T. Rowe Price Group Inc (NASDAQ:TROW), in which the fund disclosed owning 85,500 shares, with a reported value of more than $7 million. T. Rowe Price Group Inc (NASDAQ:TROW) is a global investment management organization with $692.4 billion in assets under management as of December 31, 2013.