EMG Holdings, L.P.

CIK

1478394

Location

OLD GREENWICH, CT

Portfolio Value

Small $345,679,446

Diversification

Highly concentrated

Filing Date

Global Rank

#2,874 / 8,232 ▲ 2852

Top Industry

REIT - Mortgage 43.3%

3Y Alpha vs SPY

-7.8%

Period ended 2 months ago

Filed May 19, 2026 · 26d

19 quarters · since Sep 2021

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+45.0%

SPY

+76.3%

Annualised alpha

-7.6%

Max drawdown

−21.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

19 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

77.1%

+55.9 pts

Top 5

87.5%

+26.4 pts

Top 10

94.3%

+14.9 pts

HHI

5,994

Highly concentrated+4,955

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	77.1%	$266,639,400	1
Real Estate	14.6%	$50,439,353	8
Consumer Cyclical	4.0%	$13,690,637	4
Financial Services	3.2%	$11,013,056	5
Industrials	1.1%	$3,897,000	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
SPY	Spdr S&P 500 ETF Trust	+380,000	410,000	$266,639,400
PFSI	PennyMac Financial Services, Inc.	+45,727	65,727	$5,744,539
CCS	Century Communities, Inc.	+42,464	56,285	$3,229,633
MHO	M/I Homes, Inc.	+20,171	47,700	$5,840,865
CPT	Camden Property Trust	+16,476	55,176	$5,388,488
MAA	Mid America Apartment Communities Inc.	+10,000	34,800	$4,249,776
NVR	Nvr Inc	+23	273	$1,799,023
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
MFA	Mfa Financial, Inc.	−81,000	638,478	$6,116,619
FND	Floor & Decor Holdings, Inc.	−18,137	40,000	$2,032,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
RITM	Rithm Capital Corp.	1,300,000	$12,324,000
DX	Dynex Capital Inc	345,000	$4,402,200
KBH	Kb Home	77,657	$4,018,749
FBIN	Fortune Brands Innovations, Inc.	100,000	$3,897,000
ESNT	Essent Group Ltd.	60,000	$3,506,400
COMP	Compass, Inc.	456,987	$3,340,574
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
DHI	Horton D R Inc /De/	100,000	$14,403,000
RDN	Radian Group Inc	120,000	$4,318,800
CVCO	Cavco Industries, Inc.	5,043	$2,979,101
MAS	Masco Corp /De/	45,000	$2,855,700
OC	Owens Corning	24,893	$2,785,775
SKY	Champion Homes, Inc.	31,829	$2,689,550
TREX	Trex Co Inc	60,000	$2,104,800
TMHC	Taylor Morrison Home Corp	30,000	$1,766,100
LEGH	Legacy Housing Corp	17,524	$342,068
MBC	MasterBrand, Inc.	10,566	$116,648
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

19 positions · $345,679,446 total · as of Mar 31, 2026

All sectors Consumer Cyclical Financial Services Industrials Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	410,000	+380,000	$266,639,400	+1203.4%	77.13%
RITM	Rithm Capital Corp. Real Estate	NEW	1,300,000	NEW	$12,324,000	NEW	3.57%
EFC	Ellington Financial Inc. Real Estate	Held	961,018	0	$11,388,063	−12.7%	3.29%
MFA	Mfa Financial, Inc. Real Estate	Reduced	638,478	-81,000	$6,116,619	−8.7%	1.77%
MHO	M/I Homes, Inc. Consumer Cyclical	Added	47,700	+20,171	$5,840,865	+65.8%	1.69%
PFSI	PennyMac Financial Services, Inc. Financial Services	Added	65,727	+45,727	$5,744,539	+117.9%	1.66%
CPT	Camden Property Trust Real Estate	Added	55,176	+16,476	$5,388,488	+26.5%	1.56%
DX	Dynex Capital Inc Real Estate	NEW	345,000	NEW	$4,402,200	NEW	1.27%
MAA	Mid America Apartment Communities Inc. Real Estate	Added	34,800	+10,000	$4,249,776	+23.4%	1.23%
KBH	Kb Home Consumer Cyclical	NEW	77,657	NEW	$4,018,749	NEW	1.16%
FBIN	Fortune Brands Innovations, Inc. Industrials	NEW	100,000	NEW	$3,897,000	NEW	1.13%
ESNT	Essent Group Ltd. Financial Services	NEW	60,000	NEW	$3,506,400	NEW	1.01%
COMP	Compass, Inc. Real Estate	NEW	456,987	NEW	$3,340,574	NEW	0.97%
CCS	Century Communities, Inc. Real Estate	Added	56,285	+42,464	$3,229,633	+293.7%	0.93%
FND	Floor & Decor Holdings, Inc. Consumer Cyclical	Reduced	40,000	-18,137	$2,032,000	−42.6%	0.59%
NVR	Nvr Inc Consumer Cyclical	Added	273	+23	$1,799,023	−1.3%	0.52%
EARN	Ellington Credit Co Financial Services	Held	149,086	0	$660,450	−15.9%	0.19%
OPRT	Oportun Financial Corp Financial Services	Held	139,172	0	$641,582	−12.9%	0.19%
BLNE	Beeline Holdings, Inc. Financial Services	Held	195,781	0	$460,085	+36.6%	0.13%