EMG Holdings, L.P.
CIK 1478394 · View on SEC EDGAR ↗
- Portfolio value
- $125.2M
- Positions
- 21
- As of
- June 30, 2026
#7,914 of 9,443 by 13F value · top 83.8%
Portfolio value QoQ: -68.4% 13F does not disclose cash
- Top 10 holdings weight
- 83.42%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 18
- Effective number of positions
- 11.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 23.69% Est. buys $61,810,784 · sells $96,505,688
Median holding: 1.0 quarters Tracked Q4 2024–Q2 2026 · 26.6% still held
- New positions
- 10
- Increased
- 1
- Decreased
- 7
- Closed
- 12
Put-notional exposure: 35.6% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Performance vs S&P 500
Annualized: +31.3% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 95.0% · Options excluded: 65.0%
Sector breakdown
Real Estate
37.3%
Financial Services
12.3%
Retail
7.0%
Consumer products
4.2%
Industrials
1.9%
Financials
1.6%
Other/Unmapped
35.6%
Full portfolio 21 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPY SPY | $18,669,251 | 14.91% | 25,000 | Put option | $-7,344,350 | Down ×1 | |
| BKLN | $17,200,428 | 13.74% | 844,400 | Put option | $-33,776 | ||
| EFC Ellington Financial Inc. Common Stock | $15,283,377 | 12.21% | 1,122,952 | $3,895,314 | Up ×1 | ||
| AMH American Homes 4 Rent Common Shares of Beneficial Interest | $9,050,400 | 7.23% | 270,000 | Up ×1 | |||
| HD Home Depot, Inc. (The) Common Stock | $8,817,000 | 7.04% | 25,000 | Call option | Up ×1 | ||
| PFSI PennyMac Financial Services, Inc. Common Stock | $8,710,000 | 6.96% | 100,000 | Call option | Up ×1 | ||
| TLT iShares 20+ Year Treasury Bond ETF | $8,642,000 | 6.90% | 100,000 | Put option | Up ×1 | ||
| INVH Invitation Homes Inc. Common Stock | $8,458,800 | 6.76% | 280,000 | Up ×1 | |||
| PMT PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest | $6,453,062 | 5.15% | 572,080 | Up ×1 | |||
| CCS Century Communities, Inc. Common Stock | $3,157,411 | 2.52% | 44,061 | $-72,222 | Down ×1 | ||
| RKT Rocket Companies, Inc. Class A Common Stock | $3,150,000 | 2.52% | 200,000 | Call option | Up ×1 | ||
| MFA MFA Financial, Inc. | $3,072,961 | 2.45% | 317,127 | $-3,043,658 | Down ×3 | ||
| OC Owens Corning Inc Common Stock New | $2,384,400 | 1.90% | 15,000 | ||||
| CPT Camden Property Trust Common Stock | $2,309,950 | 1.85% | 20,176 | $-3,078,538 | Down ×1 | ||
| MHO M/I Homes, Inc. Common Stock | $2,145,421 | 1.71% | 13,343 | $-3,695,444 | Down ×1 | ||
| FAF First American Corporation (New) Common Stock | $2,057,700 | 1.64% | 30,000 | ||||
| MAA Mid-America Apartment Communities, Inc. Common Stock | $2,056,312 | 1.64% | 14,800 | $-2,193,464 | Down ×1 | ||
| RDN Radian Group Inc. Common Stock | $1,883,500 | 1.50% | 50,000 | ||||
| OPRT Oportun Financial Corporation - common stock | $794,101 | 0.63% | 139,072 | $152,518 | Down ×1 | ||
| EARN Ellington Credit Company Common Shares of Beneficial Interest | $658,960 | 0.53% | 149,086 | $-1,491 | |||
| BLNE Beeline Holdings, Inc. - Common Stock | $238,853 | 0.19% | 195,781 | $-221,232 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| AMH | $9,050,400 | 270,000 | 7.23% |
| HD | $8,817,000 | 25,000 | 7.04% |
| PFSI | $8,710,000 | 100,000 | 6.96% |
| TLT | $8,642,000 | 100,000 | 6.90% |
| INVH | $8,458,800 | 280,000 | 6.76% |
| PMT | $6,453,062 | 572,080 | 5.15% |
| RKT | $3,150,000 | 200,000 | 2.52% |
| OC | $2,384,400 | 15,000 | 1.90% |
| FAF | $2,057,700 | 30,000 | 1.64% |
| RDN | $1,883,500 | 50,000 | 1.50% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| LQD | June 30, 2025 | 390,000 | $42,389,100 | No longer tracked |
| XLF | Dec. 31, 2025 | 500,000 | $26,935,000 | No longer tracked |
| IWM | June 30, 2026 | 100,000 | $24,800,000 | No longer tracked |
| LOW | June 30, 2025 | 100,000 | $23,323,000 | -1.4% |
| NCLH | March 31, 2025 | 850,000 | $21,870,500 | -11.2% |
| NLY | Sept. 30, 2025 | 1,037,452 | $19,524,847 | 17.4% |
| ARR | Dec. 31, 2025 | 1,214,416 | $18,143,375 | -6.9% |
| CCL | Dec. 31, 2025 | 580,000 | $16,767,800 | -14.9% |
| DHI | March 31, 2026 | 100,000 | $14,403,000 | 8.7% |
| AGNC | June 30, 2025 | 1,500,000 | $14,370,000 | 20.5% |
| RITM | June 30, 2026 | 1,300,000 | $12,324,000 | 10.3% |
| DX | Dec. 31, 2025 | 695,711 | $8,550,288 | -5.0% |
| SATS | March 31, 2025 | 300,000 | $6,870,000 | No longer tracked |
| HYG | Dec. 31, 2025 | 83,566 | $6,784,724 | No longer tracked |
| PFSI | June 30, 2025 | 64,580 | $6,465,104 | -24.0% |
| COOP | Sept. 30, 2025 | 39,896 | $5,952,883 | No longer tracked |
| SGI | June 30, 2025 | 98,000 | $5,868,240 | -4.3% |
| FAF | June 30, 2025 | 85,000 | $5,578,550 | 17.4% |
| MTH | Sept. 30, 2025 | 78,600 | $5,263,842 | 0.6% |
| ITB | June 30, 2026 | 50,000 | $4,527,500 | No longer tracked |
| AAL | Dec. 31, 2025 | 400,000 | $4,496,000 | -11.1% |
| OC | June 30, 2025 | 31,359 | $4,478,693 | 7.1% |
| DX | June 30, 2026 | 345,000 | $4,402,200 | 1.5% |
| ADAM | March 31, 2025 | 726,121 | $4,400,293 | 56.3% |
| HD | Sept. 30, 2025 | 12,000 | $4,399,680 | -16.6% |
| RDN | March 31, 2026 | 120,000 | $4,318,800 | 10.4% |
| KBH | June 30, 2026 | 77,657 | $4,018,750 | -11.9% |
| FBIN | June 30, 2026 | 100,000 | $3,897,000 | -17.2% |
| COMP | Dec. 31, 2025 | 460,802 | $3,700,240 | 18.4% |
| ESNT | March 31, 2025 | 66,773 | $3,635,122 | 18.8% |
| ESNT | June 30, 2026 | 60,000 | $3,506,400 | 6.7% |
| UWMC | Dec. 31, 2025 | 565,589 | $3,444,437 | -66.9% |
| SRLN | June 30, 2026 | 85,300 | $3,423,942 | No longer tracked |
| COMP | June 30, 2026 | 456,987 | $3,340,575 | 1.5% |
| CVCO | March 31, 2026 | 5,043 | $2,979,102 | 20.4% |
| SGI | Dec. 31, 2025 | 35,000 | $2,951,550 | -27.1% |
| MBC | March 31, 2025 | 196,082 | $2,864,758 | -30.1% |
| MAS | March 31, 2026 | 45,000 | $2,855,700 | 22.3% |
| SPY | June 30, 2025 | 5,000 | $2,796,950 | No longer tracked |
| OC | March 31, 2026 | 24,893 | $2,785,776 | 36.1% |
| ARHS | March 31, 2025 | 294,719 | $2,770,359 | 8.3% |
| SKY | March 31, 2026 | 31,829 | $2,689,551 | 21.4% |
| MHK | Sept. 30, 2025 | 25,000 | $2,621,000 | 2.1% |
| UWMC | March 31, 2025 | 442,448 | $2,597,170 | -73.5% |
| LOW | Dec. 31, 2025 | 10,000 | $2,513,100 | -9.3% |
| RKT | June 30, 2025 | 200,000 | $2,414,000 | -0.5% |
| TOL | June 30, 2025 | 19,971 | $2,108,738 | 27.5% |
| TREX | March 31, 2026 | 60,000 | $2,104,800 | 29.0% |
| FND | June 30, 2026 | 40,000 | $2,032,000 | -6.4% |
| CCS | Sept. 30, 2025 | 35,000 | $1,971,200 | 8.3% |
| NVR | June 30, 2026 | 273 | $1,799,024 | -6.9% |
| TMHC | March 31, 2026 | 30,000 | $1,766,100 | No longer tracked |
| INVH | Dec. 31, 2025 | 44,800 | $1,313,984 | 8.9% |
| IVR | March 31, 2025 | 150,817 | $1,214,077 | -3.7% |
| JBBB | June 30, 2026 | 20,000 | $932,100 | No longer tracked |
| RPT | June 30, 2025 | 263,635 | $756,632 | -19.8% |
| LGIH | June 30, 2025 | 8,852 | $588,392 | 12.4% |
| LEGH | March 31, 2026 | 17,524 | $342,068 | 37.4% |
| MBC | March 31, 2026 | 10,566 | $116,649 | 9.8% |