EMG Holdings, L.P. — 13F Holdings & Portfolio
CIK 1478394 · latest 13F-HR filed 2026-08-14
EMG Holdings, L.P. manages $125.2M in 13F-reported U.S. long-equity assets across 21 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (14.91%), BKLN (13.74%), EFC (12.21%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 6 new positions and exited 9; 2 existing positions rose in reported value and 5 fell.
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.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 90.6%Cumulative share of the portfolio held in the largest N positions.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ELLINGTON FINANCIAL INC$3.9M +34.2%
- OPORTUN FINL CORP$152.5K +23.8%
Top Trims
- M/I HOMES INC-$3.7M -63.3%
- CAMDEN PPTY TR-$3.1M -57.1%
- MFA FINL INC-$3.0M -49.8%
- MID-AMER APT CMNTYS INC-$2.2M -51.6%
- BEELINE HOLDINGS INC-$221.2K -48.1%
New Positions
- AMERICAN HOMES 4 RENT$9.1M
- INVITATION HOMES INC$8.5M
- PENNYMAC MTG INVT TR$6.5M
- OWENS CORNING NEW$2.4M
- FIRST AMERN FINL CORP$2.1M
Exited Positions
- PENNYMAC FINL SVCS INC NEW$5.7M
- DYNEX CAP INC$4.4M
- KB HOME$4.0M
- FORTUNE BRANDS INNOVATIONS I$3.9M
- ESSENT GROUP LTD$3.5M
EMG Holdings, L.P. Holdings (2026-06-30)
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 Put | SPY | 78462F103 | $18.7M | 14.91% | 25,000 | SH |
| 2 | INVESCO EXCH TRADED FD TR II Put | BKLN | 46138G508 | $17.2M | 13.74% | 844,400 | SH |
| 3 | ELLINGTON FINANCIAL INC | EFC | 28852N109 | $15.3M | 12.21% | 1,122,952 | SH |
| 4 | AMERICAN HOMES 4 RENT | AMH | 02665T306 | $9.1M | 7.23% | 270,000 | SH |
| 5 | HOME DEPOT INC Call | HD | 437076102 | $8.8M | 7.04% | 25,000 | SH |
| 6 | PENNYMAC FINL SVCS INC NEW Call | PFSI | 70932M107 | $8.7M | 6.96% | 100,000 | SH |
| 7 | ISHARES TR Put | TLT | 464287432 | $8.6M | 6.90% | 100,000 | SH |
| 8 | INVITATION HOMES INC | INVH | 46187W107 | $8.5M | 6.76% | 280,000 | SH |
| 9 | PENNYMAC MTG INVT TR | PMT | 70931T103 | $6.5M | 5.15% | 572,080 | SH |
| 10 | CENTURY COMMUNITIES INC | CCS | 156504300 | $3.2M | 2.52% | 44,061 | SH |
| 11 | ROCKET COS INC Call | RKT | 77311W101 | $3.1M | 2.52% | 200,000 | SH |
| 12 | MFA FINL INC | MFA | 55272X607 | $3.1M | 2.45% | 317,127 | SH |
| 13 | OWENS CORNING NEW | OC | 690742101 | $2.4M | 1.90% | 15,000 | SH |
| 14 | CAMDEN PPTY TR | CPT | 133131102 | $2.3M | 1.85% | 20,176 | SH |
| 15 | M/I HOMES INC | MHO | 55305B101 | $2.1M | 1.71% | 13,343 | SH |
| 16 | FIRST AMERN FINL CORP | FAF | 31847R102 | $2.1M | 1.64% | 30,000 | SH |
| 17 | MID-AMER APT CMNTYS INC | MAA | 59522J103 | $2.1M | 1.64% | 14,800 | SH |
| 18 | RADIAN GROUP INC | RDN | 750236101 | $1.9M | 1.50% | 50,000 | SH |
| 19 | OPORTUN FINL CORP | OPRT | 68376D104 | $794.1K | 0.63% | 139,072 | SH |
| 20 | ELLINGTON CREDIT COMPANY | EARN | 288578107 | $659.0K | 0.53% | 149,086 | SH |
| 21 | BEELINE HOLDINGS INC | BLNE | 277802500 | $238.9K | 0.19% | 195,781 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $125.2M | 21 | 0001478394-26-000005 |
| 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 |
OLD GREENWICH, CT 06870