EMG Holdings, L.P.
Sector Allocation
- Real Estate78.9%$47.3M
- Industrials8.8%$5.3M
- Financials8.3%$5.0M
- Materials4.0%$2.4M
AUM History
13fpro.ai/research/fund/emg-holdings-l-p-1478394
Conviction and streaks
Concentrating · top 10 = 90.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
EFC
$15.3MAMH
$9.1MINVH
$8.5MPMT
$6.5MCCS
$3.2MMFA
$3.1MOC
$2.4MCPT
$2.3MMHO
$2.1MFAF
$2.1MMAA
$2.1MRDN
$1.9MOPRT
$794KEARN
$659KBLNE
$239K
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/emg-holdings-l-p-1478394
EMG Holdings, L.P. 13F holdings — Q2 2026
$125.2M portfolio (-68.4% QoQ) · 21 holdings · Q2 2026 13F · top 10 are 91% of the stock portfolio
Includes $65.2M of put/call options ($44.5M puts, $20.7M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $60.0M. Weights use the stock portfolio.
$15.3M
25.5% of stocks
+17%This quarter-14.4%Since filed10+ qtrsHeld$9.1M
15.1% of stocks
NewThis quarter-6.6%Since filedNew this quarterHeld$8.5M
14.1% of stocks
NewThis quarter-10.2%Since filedNew this quarterHeld$6.5M
10.8% of stocks
NewThis quarter-23.2%Since filedNew this quarterHeld$3.2M
5.3% of stocks
-22%This quarter-18.3%Since filed3 qtrsHeld$3.1M
5.1% of stocks
-50%This quarter-26.5%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$2.4M
4.0% of stocks
NewThis quarter-24.8%Since filedNew this quarterHeld$2.3M
3.9% of stocks
-63%This quarter-8.0%Since filed3 qtrsHeld$2.1M
3.6% of stocks
-72%This quarter-17.1%Since filed5 qtrsHeld$2.1M
3.4% of stocks
NewThis quarter-12.8%Since filedNew this quarterHeld
All holdings — EMG Holdings, L.P. (Q2 2026)
21 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SPDR S&P 500 ETF TRUST | — | $18.7M | — | 25K | -38% | — | — | 13F | |
| 12 | Invesco Ltd. | Financials | $17.2M | — | 844K | — | — | — | 13F | |
| 13 | HOME DEPOT, INC. | Consumer Discretionary | $8.8M | — | 25K | New | — | — | 13F | |
| 14 | PennyMac Financial Services, Inc. | Financials | $8.7M | — | 100K | New | — | — | 13F | |
| 15 | — PUT | ISHARES TR - 20 YR TR BD ETF | — | $8.6M | — | 100K | New | — | — | 13F |
| 16 | Rocket Companies, Inc. | Financials | $3.1M | — | 200K | New | — | — | 13F | |
| 17 | MID AMERICA APARTMENT COMMUNITIES INC. | Real Estate | $2.1M | 3.4% | 15K | -57% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | RADIAN GROUP INC | Financials | $1.9M | 3.1% | 50K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Oportun Financial Corp | Financials | $794K | 1.3% | 139K | -0.1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Ellington Credit Co | Real Estate | $659K | 1.1% | 149K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Beeline Holdings, Inc. | Financials | $239K | 0.4% | 196K | — | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F |
What changed in Q2 2026
Against the previous quarter's 13F: 10 new, 1 added to, 7 trimmed, 16 sold out. Share-count changes; largest moves by dollar size first.
New positions (10)
first bought this quarter
$HDCALLHOME DEPOT, INC.$8.8M
first bought this quarter
$PFSICALLPennyMac Financial Services, Inc.$8.7M
first bought this quarter
- PUTISHARES TR - 20 YR TR BD ETF$8.6M
first bought this quarter
first bought this quarter
first bought this quarter
+4 more in the Excel export
Added to (1)
now $15.3M · held 10+ qtrs
Trimmed (7)
$SPYPUTSPDR S&P 500 ETF TRUST-38%
now $18.7M
now $2.1M · held 5 qtrs
now $2.3M · held 3 qtrs
now $3.1M · held 10+ qtrs, 3 trims in a row
now $2.1M · held 3 qtrs
now $3.2M · held 3 qtrs
+1 more in the Excel export
Sold out (16)
- PUTISHARES TR - RUSSELL 2000 ETFwas $24.8M
$RITMCALLRithm Capital Corp.was $9.5M
held 3 qtrs
- CALLISHARES TR - US HOME CONS ETFwas $4.5M
$DXDYNEX CAPITAL INCwas $4.4M
held 1 qtr
+10 more in the Excel export
Holdings by quarter
Every 13F EMG Holdings, L.P. has filed, 19 earlier quarters. Pick one to see what it held then.
Is it too late to follow EMG , L.P.?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of EMG , L.P.'s top 20 holdings: 55/100 (our AI quality score, weighted by position size; 12 of the 20 are scored)
Top 10 since filing
-14.6%
Value-weighted move of the 10 largest stock positions
Turnover
51%
Last quarter; 170% over the last 4
Top 10 weight
91%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
37%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
EMG Holdings, L.P. disclosed 21 positions worth $125.2M in its Form 13F-HR for Q2 2026 — $60.0M in common stock plus $65.2M of put/call option positions (reported at underlying notional value, not premium at risk), led by $EFC (Ellington Financial Inc.) at 25.5% of the equity portfolio, followed by $AMH and $INVH. During the quarter the fund opened 10 new positions and exited 16 — including a new stake in $AMH and a full exit from $SPY. The portfolio is most concentrated in Real Estate (78.9% of disclosed assets). All figures are sourced directly from EMG Holdings, L.P.’s Form 13F-HR filing with the SEC under CIK 1478394.
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AI-Powered Hedge Fund Analysis: EMG Holdings, L.P.
13F Pro is an AI hedge fund tracker and stock research platform. For EMG Holdings, L.P. (SEC CIK: 1478394), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in EMG Holdings, L.P.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.