EMG Holdings, L.P.
Long book
$68.1M
Q1 2026
Positions
18
Top-10 weight
80%
concentration
Last quarter
+15.8%
SPY +14.8%
Turnover
56%
of book per quarter
Strategy in plain words
auto-generated from filingsEMG Holdings, L.P. is a concentrated fundamental stock-picker, running a $68.1M US long book across 18 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ELLINGTON FINANCIAL INC, MFA FINANCIAL INC, M/I HOMES INC, PENNYMAC FINANCIAL SERVICES, CAMDEN PROPERTY TRUST.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.9%
Q2 2024
+17.1%
Q3 2024
-8.4%
Q4 2024
+3.2%
Q1 2025
+1.0%
Q2 2025
+14.7%
Q3 2025
+6.4%
Q4 2025
-7.9%
Q1 2026
+15.8%
Sector allocation
Industrials 45%
Financials 31%
Other 12%
Consumer discretionary 6%
Real estate 6%
Long book by quarter
What does EMG Holdings, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MHO M/I HOMES INC | Industrials | 47.7K | $5.8M | 8.6% | +73.3% |
| PFSI PENNYMAC FINANCIAL SERVICES | Financials | 65.7K | $5.7M | 8.4% | +228.6% |
| KBH KB HOME | Industrials | 77.7K | $4.0M | 5.9% | New |
| FBIN FORTUNE BRANDS INNOVATIONS I | Other | 100.0K | $3.9M | 5.7% | New |
| ESNT ESSENT GROUP LTD | Financials | 60.0K | $3.5M | 5.1% | New |
| CCS CENTURY COMMUNITIES INC | Industrials | 56.3K | $3.2M | 4.7% | +307.2% |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 40.0K | $2.0M | 3.0% | -31.2% |
| COMP COMPASS INC - CLASS A | Real estate | 257.0K | $1.9M | 2.8% | New |
| NVR NVR INC | Industrials | 273 | $1.8M | 2.6% | +9.2% |
| OPRT OPORTUN FINANCIAL CORP | Financials | 139.2K | $642K | 0.9% | Held |
| BLNE BEELINE HOLDINGS INC | Financials | 195.8K | $460K | 0.7% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 19, 2026 | 27 | $396.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 27 | $135.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 26 | $266.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 22 | $136.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 26 | $207.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 26 | $168.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 30 | $190.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 35 | $203.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 37 | $537.5M | canonical | SEC ↗ |
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