Top Institutional Investors

EMG Holdings, L.P. — 13F Holdings & Portfolio

CIK 1478394 · latest 13F-HR filed 2026-05-19

Backtest portfolio

EMG Holdings, L.P. manages $396.6M in 13F-reported U.S. long-equity assets across 27 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SPY (60.67%), SPY (6.56%), IWM (6.25%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 6 new positions, exited 10, added to 6, and trimmed 5.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM

$396.6M

Long-equity book

Holdings

27

Distinct positions

Period

2026-03-31

Filed 2026-05-19

Q/Q Activity

+6 / −10 / ↑6 / ↓5

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • PENNYMAC FINL SVCS INC NEW$3.1M +117.9%
  • CENTURY COMMUNITIES INC$2.4M +293.7%
  • M/I HOMES INC$2.3M +65.8%
  • CAMDEN PPTY TR$1.1M +26.5%
  • MID-AMER APT CMNTYS INC$804.8K +23.4%
Show all 6 →

Top Trims

  • ELLINGTON FINANCIAL INC-$1.7M -12.7%
  • FLOOR & DECOR HLDGS INC-$1.5M -42.6%
  • MFA FINL INC-$581.7K -8.7%
  • ELLINGTON CREDIT COMPANY-$125.2K -15.9%
  • OPORTUN FINL CORP-$94.6K -12.9%
Show all 5 →

New Positions

  • DYNEX CAP INC$4.4M
  • KB HOME$4.0M
  • FORTUNE BRANDS INNOVATIONS I$3.9M
  • ESSENT GROUP LTD$3.5M
  • RITHM CAPITAL CORP$2.8M
Show all 6 →

Exited Positions

  • RADIAN GROUP INC$4.3M
  • CAVCO INDS INC DEL$3.0M
  • MASCO CORP$2.9M
  • OWENS CORNING NEW$2.8M
  • CHAMPION HOMES INC$2.7M
Show all 10 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 STATE STR SPDR S&P 500 ETF T Call SPY 78462F103 $240.6M 60.67% 370,000 SH
2 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $26.0M 6.56% 40,000 SH
3 ISHARES TR Put IWM 464287655 $24.8M 6.25% 100,000 SH
4 INVESCO EXCH TRADED FD TR II Put BKLN 46138G508 $17.2M 4.35% 844,400 SH
5 ELLINGTON FINANCIAL INC EFC 28852N109 $11.4M 2.87% 961,018 SH
6 RITHM CAPITAL CORP Call RITM 64828T201 $9.5M 2.39% 1,000,000 SH
7 MFA FINL INC MFA 55272X607 $6.1M 1.54% 638,478 SH
8 M/I HOMES INC MHO 55305B101 $5.8M 1.47% 47,700 SH
9 PENNYMAC FINL SVCS INC NEW PFSI 70932M107 $5.7M 1.45% 65,727 SH
10 CAMDEN PPTY TR CPT 133131102 $5.4M 1.36% 55,176 SH
11 ISHARES TR Call ITB 464288752 $4.5M 1.14% 50,000 SH
12 DYNEX CAP INC DX 26817Q886 $4.4M 1.11% 345,000 SH
13 MID-AMER APT CMNTYS INC MAA 59522J103 $4.2M 1.07% 34,800 SH
14 KB HOME KBH 48666K109 $4.0M 1.01% 77,657 SH
15 FORTUNE BRANDS INNOVATIONS I FBIN 34964C106 $3.9M 0.98% 100,000 SH
16 ESSENT GROUP LTD ESNT G3198U102 $3.5M 0.88% 60,000 SH
17 SSGA ACTIVE ETF TR Put SRLN 78467V608 $3.4M 0.86% 85,300 SH
18 CENTURY COMMUNITIES INC CCS 156504300 $3.2M 0.81% 56,285 SH
19 RITHM CAPITAL CORP RITM 64828T201 $2.8M 0.72% 300,000 SH
20 FLOOR & DECOR HLDGS INC FND 339750101 $2.0M 0.51% 40,000 SH
21 COMPASS INC COMP 20464U100 $1.9M 0.47% 256,987 SH
22 NVR INC NVR 62944T105 $1.8M 0.45% 273 SH
23 COMPASS INC Call COMP 20464U100 $1.5M 0.37% 200,000 SH
24 JANUS DETROIT STR TR Put JBBB 47103U753 $932.1K 0.24% 20,000 SH
25 ELLINGTON CREDIT COMPANY EARN 288578107 $660.5K 0.17% 149,086 SH
26 OPORTUN FINL CORP OPRT 68376D104 $641.6K 0.16% 139,172 SH
27 BEELINE HOLDINGS INC BLNE 277802500 $460.1K 0.12% 195,781 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-05-19 $396.6M 27 0001478394-26-000004
2025-12-31 2026-02-17 $135.2M 27 0001478394-26-000001
2025-09-30 2025-11-14 $266.1M 26 0001478394-25-000004