EMG Holdings, L.P.
13F Reported Value
ⓘ$396.6M
incl. option notional
Equity Holdings
ⓘ$68.1M
Option Notional
ⓘ$328.5M
$72.4M puts / $256.1M calls
Holdings
27
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
EMG Holdings, L.P. disclosed 27 positions worth $396.6M in its Form 13F-HR for Q1 2026 — $68.1M in common stock plus $328.5M of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) calls, followed by $SPY. During the quarter the fund opened 12 new positions and exited 12 — including a new stake in $SPY and a full exit from $DHI. The portfolio is most concentrated in Real Estate (54.2% of disclosed assets). All figures are sourced directly from EMG Holdings, L.P.’s Form 13F-HR filing with the SEC under CIK 1478394.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$240.6M370,000 sh - —
Quality
$26.0M40,000 sh ISHARES TR - RUSSELL 2000 ETF PUT
—Quality
$24.8M100,000 sh- —
Quality
$17.2M844,400 sh - —
Quality
$11.4M961,018 sh - 52.0
Quality
$9.5M1,000,000 sh - —
Quality
$6.1M638,478 sh - 58.3
Quality
$5.8M47,700 sh - 54.2
Quality
$5.7M65,727 sh - 69.4
Quality
$5.4M55,176 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 SPDR S&P 500 ETF TRUST$SPYCALL | — | $240.6M | 370,000 |
| SPDR S&P 500 ETF TRUST$SPYPUT | — | $26.0M | 40,000 |
| ISHARES TR - RUSSELL 2000 ETF PUT | — | $24.8M | 100,000 |
 Invesco Ltd.$IVZPUT | — | $17.2M | 844,400 |
 Ellington Financial Inc.$EFC | — | $11.4M | 961,018 |
 Rithm Capital Corp.$RITMCALL | 52.0 | $9.5M | 1,000,000 |
 MFA FINANCIAL, INC.$MFA | — | $6.1M | 638,478 |
 M/I HOMES, INC.$MHO | 58.3 | $5.8M | 47,700 |
 PennyMac Financial Services, Inc.$PFSI | 54.2 | $5.7M | 65,727 |
 CAMDEN PROPERTY TRUST$CPT | 69.4 | $5.4M | 55,176 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of EMG Holdings, L.P.'s 27 positions.
Showing top 10 of 27 holdings.
Sector Allocation
Real Estate
$36.9M
Industrials
$18.8M
Financials
$10.4M
Consumer Discretionary
$2.0M
Full Holdings — EMG Holdings, L.P. (Q1 2026)
All 27 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SPYCALL | SPDR S&P 500 ETF TRUST | $240.6M | — | NEW | — |
| 2 | $SPYPUT | SPDR S&P 500 ETF TRUST | $26.0M | — | +33% | — |
| 3 | — | ISHARES TR - RUSSELL 2000 ETF | $24.8M | — | +0% | — |
| 4 | $IVZPUT | Invesco Ltd. | $17.2M | — | NEW | — |
| 5 | $EFC | Ellington Financial Inc. | $11.4M | 16.7% | +0% | — |
| 6 | $RITMCALL | Rithm Capital Corp. | $9.5M | — | NEW | 52 |
| 7 | $MFA | MFA FINANCIAL, INC. | $6.1M | 9.0% | -11% | — |
| 8 | $MHO | M/I HOMES, INC. | $5.8M | 8.6% | +73% | 58.3 |
| 9 | $PFSI | PennyMac Financial Services, Inc. | $5.7M | 8.4% | +229% | 54.2 |
| 10 | $CPT | CAMDEN PROPERTY TRUST | $5.4M | 7.9% | +43% | 69.4 |
| 11 | — | ISHARES TR - US HOME CONS ETF | $4.5M | — | NEW | — |
| 12 |  $DX | DYNEX CAPITAL INC | $4.4M | 6.5% | NEW | — |
| 13 |  $MAA | MID AMERICA APARTMENT COMMUNITIES INC. | $4.2M | 6.2% | +40% | 63.7 |
| 14 |  $KBH | KB HOME | $4.0M | 5.9% | NEW | 45.9 |
| 15 |  $FBIN | Fortune Brands Innovations, Inc. | $3.9M | 5.7% | NEW | 48.7 |
| 16 |  $ESNT | Essent Group Ltd. | $3.5M | 5.2% | NEW | — |
| 17 | — | SSGA ACTIVE ETF TR - STATE STREET BLA | $3.4M | — | +0% | — |
| 18 |  $CCS | Century Communities, Inc. | $3.2M | 4.7% | +307% | 46.6 |
| 19 | $RITM | Rithm Capital Corp. | $2.8M | 4.2% | NEW | 52 |
| 20 |  $FND | Floor & Decor Holdings, Inc. | $2.0M | 3.0% | -31% | 53.4 |
| 21 |  $COMP | Compass, Inc. | $1.9M | 2.8% | NEW | 58.3 |
| 22 |  $NVR | NVR INC | $1.8M | 2.6% | +9% | 62.3 |
| 23 | $COMPCALL | Compass, Inc. | $1.5M | — | NEW | 58.3 |
| 24 | — | JANUS DETROIT STR TR - B-BBB CLO ETF | $932,100 | — | NEW | — |
| 25 |  $EARN | Ellington Credit Co | $660,451 | 1.0% | +0% | — |
| 26 |  $OPRT | Oportun Financial Corp | $641,583 | 0.9% | +0% | 50.3 |
| 27 |  $BLNE | Beeline Holdings, Inc. | $460,085 | 0.7% | +0% | — |
New Positions (12)
$SPYCALL SPDR S&P 500 ETF TRUST$240.6M$IVZPUT Invesco Ltd.$17.2M$RITMCALL Rithm Capital Corp.$9.5M$DX DYNEX CAPITAL INC$4.4M$KBH KB HOME$4.0M$FBIN Fortune Brands Innovations, Inc.$3.9M$ESNT Essent Group Ltd.$3.5M$RITM Rithm Capital Corp.$2.8M$COMP Compass, Inc.$1.9M$COMPCALL Compass, Inc.$1.5MExited Positions (12)
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