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
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | $737.55 | -2.58% | 24.51% | 79.50% | $266.6M | 67.23% | +380,000 | +1266.7% |
| 2 | IWM | ISHARES TR | $281.65 | -3.55% | 34.35% | 35.27% | $24.8M | 6.25% | — | HELD |
| 3 | BKLN | INVESCO EXCH TRADED FD TR II | $20.46 | -0.20% | 4.40% | 29.18% | $17.2M | 4.35% | +844,400 | NEW |
| 4 | RITM | RITHM CAPITAL CORP | $9.13 | -0.44% | -11.60% | 53.36% | $12.3M | 3.11% | +1,300,000 | NEW |
| 5 | EFC | ELLINGTON FINANCIAL INC | $13.55 | 0.22% | 20.27% | 37.24% | $11.4M | 2.87% | — | HELD |
| 6 | MFA | MFA FINL INC | $9.28 | 0.22% | 13.44% | -5.49% | $6.1M | 1.54% | −81,000 | −11.3% |
| 7 | MHO | M/I HOMES INC | $137.33 | -0.74% | 28.29% | 112.22% | $5.8M | 1.47% | +20,171 | +73.3% |
| 8 | PFSI | PENNYMAC FINL SVCS INC NEW | $81.24 | -0.36% | -14.07% | 37.37% | $5.7M | 1.45% | +45,727 | +228.6% |
| 9 | CPT | CAMDEN PPTY TR | $112.60 | 0.53% | 1.19% | -11.13% | $5.4M | 1.36% | +16,476 | +42.6% |
| 10 | ITB | ISHARES TR | $92.90 | -0.51% | 3.70% | 35.16% | $4.5M | 1.14% | −50,000 | −50.0% |
| 11 | DX | DYNEX CAP INC | $12.87 | -1.08% | 23.75% | 38.23% | $4.4M | 1.11% | +345,000 | NEW |
| 12 | MAA | MID-AMER APT CMNTYS INC | $137.54 | 0.49% | -4.02% | -14.55% | $4.2M | 1.07% | +10,000 | +40.3% |
| 13 | KBH | KB HOME | $52.04 | -0.04% | 2.59% | 32.77% | $4.0M | 1.01% | +77,657 | NEW |
| 14 | FBIN | FORTUNE BRANDS INNOVATIONS I | $39.06 | -0.66% | -22.00% | -49.27% | $3.9M | 0.98% | +100,000 | NEW |
| 15 | ESNT | ESSENT GROUP LTD | $57.44 | 0.47% | 0.56% | 39.66% | $3.5M | 0.88% | +60,000 | NEW |
| 16 | SRLN | SSGA ACTIVE ETF TR | $40.30 | -0.17% | 6.00% | 25.76% | $3.4M | 0.86% | — | HELD |
| 17 | COMP | COMPASS INC | $7.71 | -2.16% | 22.58% | -43.56% | $3.3M | 0.84% | +456,987 | NEW |
| 18 | CCS | CENTURY COMMUNITIES INC | $55.54 | -1.17% | 8.28% | -13.91% | $3.2M | 0.81% | +42,464 | +307.2% |
| 19 | FND | FLOOR & DECOR HLDGS INC | $47.41 | -3.05% | -33.65% | -61.14% | $2.0M | 0.51% | −18,137 | −31.2% |
| 20 | NVR | NVR INC | $6182.55 | 0.09% | -13.12% | 18.38% | $1.8M | 0.45% | +23 | +9.2% |
| 21 | JBBB | JANUS DETROIT STR TR | $47.15 | -0.51% | 4.98% | 28.88% | $932K | 0.24% | +20,000 | NEW |
| 22 | EARN | ELLINGTON CREDIT COMPANY | $4.66 | -1.48% | -0.81% | -14.50% | $660K | 0.17% | — | HELD |
| 23 | OPRT | OPORTUN FINL CORP | $4.75 | -1.45% | -32.43% | -77.47% | $642K | 0.16% | — | HELD |
| 24 | BLNE | BEELINE HOLDINGS INC | $1.14 | -8.06% | 47.29% | -99.85% | $460K | 0.12% | — | HELD |
| 25 | DHI | D R HORTON INC | $145.60 | -0.55% | 21.99% | 60.58% | — | — | −100,000 | EXITED |
| 26 | RDN | RADIAN GROUP INC | $33.80 | 0.60% | 4.63% | 76.00% | — | — | −120,000 | EXITED |
| 27 | CVCO | CAVCO INDS INC DEL | $549.91 | -0.07% | 28.29% | 134.00% | — | — | −5,043 | EXITED |
| 28 | MAS | MASCO CORP | $69.41 | -0.72% | 11.90% | 27.58% | — | — | −45,000 | EXITED |
| 29 | OC | OWENS CORNING NEW | $119.20 | -0.96% | -9.74% | 35.51% | — | — | −24,893 | EXITED |
| 30 | SKY | CHAMPION HOMES INC | $74.77 | 0.25% | 16.16% | 32.57% | — | — | −31,829 | EXITED |
| 31 | TREX | TREX CO INC | $39.65 | -1.20% | — | — | — | — | −60,000 | EXITED |
| 32 | TMHC | TAYLOR MORRISON HOME CORP | $71.53 | 0.04% | — | — | — | — | −30,000 | EXITED |
| 33 | PMT 5.5 03/15/26 | PENNYMAC CORP | — | — | — | — | — | — | −1,000,000 | EXITED |
| 34 | LEGH | LEGACY HOUSING CORP | $23.83 | 1.71% | — | — | — | — | −17,524 | EXITED |
| 35 | MBC | MASTERBRAND INC | $8.46 | 1.68% | — | — | — | — | −10,566 | EXITED |
Source: SEC EDGAR · accession 0001478394-26-000004. 13F discloses long positions only — shorts, foreign equities, and options are excluded.