Emmett's new stakes.
Emmett Investment expands portfolio with new stakes in CBRE, Grindr, Monarch, and Philip Morris.
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Key Points
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CBRE Group is highly institutional-owned, with about 98.41% of the stock held by institutional investors. In addition, CBRE CFO Emma E. Giamartino sold 2,250 shares in May, representing roughly a 1.99% decrease in her position.
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Monarch Casino & Resort remains a meaningful act of portfolio rotation for Emmett, with 52,960 shares purchased in the quarter (about 3.9% of its portfolio), representing roughly 0.30% of Monarch’s outstanding stock and with institutional ownership in Monarch running around 62.37%.
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Grindr Inc. attracted notable multiple-institution activity alongside Emmett’s 309,790-share buy (about $3.7 million). EverSource Wealth Advisors boosted its Grindr stake by 1,473.4% to 1,479 shares, and other institutions (Raymond James, Caitong International Asset Management, CWM LLC, Rockefeller Capital Management) also added positions, with Grindr’s institutional ownership at 7.22%.
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Philip Morris International saw Emmett take a new stake of 12,500 shares (about $1.97 million), or roughly 1.5% of Emmett’s holdings, as PM remains a target of ongoing institutional activity in tobacco and consumer staples; PM’s institutional ownership sits at about 78.63%, with Assetmark, Global Retirement Partners, World Investment Advisors, New York Life Investment Management, and Brighton Jones among others expanding positions.
Emmett Investment Management LP has been busy. The firm's latest 13F filings show new or expanded stakes across CBRE Group, Monarch Casino & Resort, Grindr, and Philip Morris International, according to Watchlist News. The moves signal a broad rotation across real estate, hospitality, tech, and consumer staples.
The largest new position is in Grindr, where Emmett bought 309,790 shares worth about $3.7 million. That alone makes up 2.8% of the firm's portfolio. The Philip Morris stake, at $1.97 million, and the CBRE position, at $1.75 million, round out the biggest moves.
Emmett Bets Big on Grindr Amid Broad Institutional Interest
Emmett's Grindr buy is its 19th largest holding. The firm paid roughly $3.7 million for 309,790 shares in the first quarter, per Watchlist News. Grindr's institutional ownership is relatively low at just 7.22%, meaning fewer big funds hold the stock. That makes Emmett's move stand out.
Other institutions piled in alongside Emmett. EverSource Wealth Advisors raised its Grindr stake by 1,473.4%, reaching 1,479 shares. Raymond James, CWM LLC, and Rockefeller Capital Management also added positions. The wave of new buyers suggests growing Wall Street interest in the social media company.
CBRE and Monarch Casino Round Out Emmett's Real Estate Plays
Emmett bought 13,025 shares of CBRE Group for about $1.75 million, making it the firm's 22nd largest holding and about 1.3% of its portfolio, according to Ticker Report. CBRE is a heavily owned institutional stock, with about 98.41% of shares held by big funds. CBRE's CFO, Emma E. Giamartino, also sold 2,250 shares in May, trimming her stake by roughly 1.99%.
The Monarch Casino & Resort position is larger in portfolio terms. Emmett bought 52,960 shares, making it the 14th biggest holding at about 3.9% of the portfolio. That purchase equals roughly 0.30% of Monarch's total outstanding stock. Institutional ownership in Monarch sits at about 62.37%, well below CBRE's near-total institutional grip.
Philip Morris Stake Joins a Crowded Tobacco Trade
Emmett opened a new position in Philip Morris International with 12,500 shares worth about $1.97 million. That makes PM its 21st largest holding at roughly 1.5% of the portfolio. Philip Morris has an institutional ownership rate of about 78.63%, showing it remains a mainstream choice for big money managers.
Emmett is far from alone in buying PM. Assetmark, Global Retirement Partners, World Investment Advisors, New York Life Investment Management, and Brighton Jones all added to Philip Morris positions in the same period. The pattern points to a shared view among institutional investors: tobacco and consumer staples stocks still have a place in diversified portfolios.
Emmett's Moody's Buy Caps a Quarter of Active Moves
Beyond the four headline stocks, Emmett also put $5.38 million into Moody's Corporation, buying 12,250 shares. That makes Moody's the firm's 12th biggest holding, per Ticker Report. The buy shows Emmett is not just chasing growth names. It is also adding exposure to financial data and business services.
Taken together, the filings paint a picture of a firm actively reshaping its book. From LGBTQ-focused social media to tobacco giants to commercial real estate, Emmett's first-quarter moves cover a wide range of sectors. The breadth suggests the firm is looking for value across the market rather than making one concentrated bet.
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