Institutional
EMG Holdings, L.P.
CIK 0001478394
$396.6M
Reported AUM
24
Positions
Q1 2026
Period
2026-05-19
Filed
The Brief · EMG Holdings, L.P. · Q1 2026
AI · grounded in 13F
EMG Holdings, L.P. exited its position in DHI for a reduction of $14.4M. The fund established new positions in BKLN for $17.2M and RITM for $12.3M. Other activity included new entries into DX and KBH, while the fund closed out positions in RDN and CVCO.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | $266.6M | 67.23% | +380,000 | +1266.7% |
| 2 | IWM | ISHARES TR | $24.8M | 6.25% | — | HELD |
| 3 | BKLN | INVESCO EXCH TRADED FD TR II | $17.2M | 4.35% | +844,400 | NEW |
| 4 | RITM | RITHM CAPITAL CORP | $12.3M | 3.11% | +1,300,000 | NEW |
| 5 | EFC | ELLINGTON FINANCIAL INC | $11.4M | 2.87% | — | HELD |
| 6 | MFA | MFA FINL INC | $6.1M | 1.54% | -81,000 | -11.3% |
| 7 | MHO | M/I HOMES INC | $5.8M | 1.47% | +20,171 | +73.3% |
| 8 | PFSI | PENNYMAC FINL SVCS INC NEW | $5.7M | 1.45% | +45,727 | +228.6% |
| 9 | CPT | CAMDEN PPTY TR | $5.4M | 1.36% | +16,476 | +42.6% |
| 10 | ITB | ISHARES TR | $4.5M | 1.14% | -50,000 | -50.0% |
| 11 | DX | DYNEX CAP INC | $4.4M | 1.11% | +345,000 | NEW |
| 12 | MAA | MID-AMER APT CMNTYS INC | $4.2M | 1.07% | +10,000 | +40.3% |
| 13 | KBH | KB HOME | $4.0M | 1.01% | +77,657 | NEW |
| 14 | FBIN | FORTUNE BRANDS INNOVATIONS I | $3.9M | 0.98% | +100,000 | NEW |
| 15 | ESNT | ESSENT GROUP LTD | $3.5M | 0.88% | +60,000 | NEW |
| 16 | SRLN | SSGA ACTIVE ETF TR | $3.4M | 0.86% | — | HELD |
| 17 | COMP | COMPASS INC | $3.3M | 0.84% | +456,987 | NEW |
| 18 | CCS | CENTURY COMMUNITIES INC | $3.2M | 0.81% | +42,464 | +307.2% |
| 19 | FND | FLOOR & DECOR HLDGS INC | $2.0M | 0.51% | -18,137 | -31.2% |
| 20 | NVR | NVR INC | $1.8M | 0.45% | +23 | +9.2% |
| 21 | JBBB | JANUS DETROIT STR TR | $932K | 0.24% | +20,000 | NEW |
| 22 | EARN | ELLINGTON CREDIT COMPANY | $660K | 0.17% | — | HELD |
| 23 | OPRT | OPORTUN FINL CORP | $642K | 0.16% | — | HELD |
| 24 | BLNE | BEELINE HOLDINGS INC | $460K | 0.12% | — | HELD |
| 25 | DHI | D R HORTON INC | — | — | -100,000 | EXITED |
| 26 | RDN | RADIAN GROUP INC | — | — | -120,000 | EXITED |
| 27 | CVCO | CAVCO INDS INC DEL | — | — | -5,043 | EXITED |
| 28 | MAS | MASCO CORP | — | — | -45,000 | EXITED |
| 29 | OC | OWENS CORNING NEW | — | — | -24,893 | EXITED |
| 30 | SKY | CHAMPION HOMES INC | — | — | -31,829 | EXITED |
| 31 | TREX | TREX CO INC | — | — | -60,000 | EXITED |
| 32 | TMHC | TAYLOR MORRISON HOME CORP | — | — | -30,000 | EXITED |
| 33 | PMT 5.5 03/15/26 | PENNYMAC CORP | — | — | -1,000,000 | EXITED |
| 34 | LEGH | LEGACY HOUSING CORP | — | — | -17,524 | EXITED |
| 35 | MBC | MASTERBRAND INC | — | — | -10,566 | EXITED |
Source: SEC EDGAR · accession 0001478394-26-000004. 13F discloses long positions only — shorts, foreign equities, and options are excluded.