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Companies / Real Estate / Ellington Financial Inc.
EFC

Ellington Financial Inc.

Real EstateReal Estate
Ticker EFCGreenwich, CTFiscal year ends December

Ellington Financial Inc. (NYSE: EFC) is a Delaware corporation and real estate investment trust that operates as a credit-focused investment manager specializing in mortgage-related and financial assets. The company manages a diversified portfolio totaling approximately $4.9 billion as of December 31, 2025, with the… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$336.44M
+10.1% year over year
Last 12 mo $455.40M
0.00%
$150.77M
+1.8% year over year
6.47%
−1 percentage points
Last 12 mo 9.87%
Cash & financing
$-925.46M
−115.0% year over year
Last 12 mo $-617.65M
$-925.46M
−115.0% year over year
Last 12 mo $-617.65M
2.13
Was 1.57× a year earlier
Last 12 mo 2.22
—

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ellington Financial Inc. does

In the company’s own words

Ellington Financial Inc. (NYSE: EFC) is a Delaware corporation and real estate investment trust that operates as a credit-focused investment manager specializing in mortgage-related and financial assets. The company manages a diversified portfolio totaling approximately $4.9 billion as of December 31, 2025, with the primary objective of generating attractive risk-adjusted returns for stockholders through strategic investments in residential and commercial mortgage loans, mortgage-backed securities, and related financial instruments.

The company operates through two reportable segments: the Investment Portfolio Segment and the Longbridge Segment. The Investment Portfolio Segment focuses on acquiring and managing a broad array of mortgage-related assets including agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, residential mortgage loans, consumer loans and asset-backed securities, corporate collateralized loan obligations, and mortgage-related derivatives. The Longbridge Segment, a wholly-owned and consolidated subsidiary, originates, purchases, sells, and services reverse mortgage loans, including FHA-guaranteed HECM loans and proprietary jumbo reverse mortgage products, maintaining corporate offices in Paramus, New Jersey with branch locations across multiple states.

Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, a registered investment advisor with over 30 years of experience in mortgage-backed securities and related derivatives. As of December 31, 2025, Ellington had over 170 employees and managed approximately $20.1 billion in assets across multiple investment vehicles. The manager relies on Ellington's extensive infrastructure, analytical capabilities, and market relationships to identify investment opportunities, conduct portfolio management, and implement risk management strategies.

The company finances its assets through a combination of repurchase agreements, securitization transactions, secured borrowing facilities, senior notes, and equity capital raised through public offerings. The company maintains its qualification as a REIT for U.S. federal income tax purposes, allowing it to distribute at least 90 percent of REIT taxable income to stockholders without entity-level taxation. The company's strategy emphasizes opportunistic investing across underserved market segments where inefficiencies exist, leveraging Ellington's proprietary credit, interest rate, and prepayment models alongside its established relationships with loan originators and market participants.

Company details
Sector
Real Estate
Industry
Real Estate
Headquarters
Greenwich, CT
Fiscal year end
December
CIK
1411342
SIC
6500

Financial performance, year by year

Fiscal 2013–2025 · USD
$-62.81M$78.52M$219.85M$361.18M$502.51M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ellington Financial Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

177
funds hold it
0 of 35
superinvestors hold it
$519.79M
held by funds, at market
29.8%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Ellington Financial Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.09%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets
3.52%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Ellington Financial Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Ellington Financial Inc.’s debt, $5.85M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.38%, maturing 2030 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Ellington Financial Inc. and its peers compare on margins and cash generation over ten years?”
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