Skip to content
Disclosery

EMG Holdings, L.P.

Follow

13F filer, CIK 1478394, OLD GREENWICH, CT

EMG Holdings, L.P. reported $266,128,355 across 26 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 85.43% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001478394-25-000004

Period
2025-09-30
Reported value
$266M
Holdings
26
Top 10 weight
85.43%
New
12
Sold out
8

Part of the filer group EMG Holdings, L.P.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SKYnew+169,895$13M
ARRnew+714,416$10.7M
DXnew+695,711$8.55M
PFSInew+52,132$6.46M
SGInew+35,000$2.95M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
UWMCreduced-1,211,781-$7.38M
MHOreduced-50,491-$7.29M
MR COOPER GROUP INCexited-39,896-$5.95M
MTHexited-78,600-$5.26M
HDexited-12,000-$4.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001478394-25-000004, largest first. % of portfolio is the value over $93,757,370, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SKYCHAMPION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 169,895 shares 169,895$13M13.84%newTimeline
EFCELLINGTON FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 927,141 shares; 2024Q4: 927,141 shares; 2025Q1: 927,141 shares; 2025Q2: 961,018 shares; 2025Q3: 961,018 shares 961,018$12.5M13.3%0Timeline
ARRARMOUR RESIDENTIAL REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 714,416 shares 714,416$10.7M11.38%newTimeline
MFAMFA FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 457,445 shares; 2024Q4: 218,100 shares; 2025Q1: 608,054 shares; 2025Q2: 979,969 shares; 2025Q3: 1,062,035 shares 1,062,035$9.76M10.41%+82,066Timeline
DXDYNEX CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 695,711 shares 695,711$8.55M9.12%newTimeline
HYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,776 shares; 2024Q4: 27,776 shares; 2025Q1: 27,776 shares; 2025Q2: 83,566 shares; 2025Q3: 83,566 shares 83,566$6.78M7.24%0Timeline
PFSIPENNYMAC FINL SVCS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,649 shares; 2024Q4: not reported; 2025Q1: 64,580 shares; 2025Q2: not reported; 2025Q3: 52,132 shares 52,132$6.46M6.89%newTimeline
TMHCTAYLOR MORRISON HOME CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,000 shares; 2024Q4: 99,173 shares; 2025Q1: 165,000 shares; 2025Q2: 95,000 shares; 2025Q3: 80,000 shares 80,000$5.28M5.63%-15,000Timeline
COMPCOMPASS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 761,393 shares; 2025Q3: 460,802 shares 460,802$3.7M3.95%-300,591Timeline
UWMCUWM HOLDINGS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 442,448 shares; 2025Q1: not reported; 2025Q2: 1,777,370 shares; 2025Q3: 565,589 shares 565,589$3.44M3.67%-1,211,781Timeline
SGISOMNIGROUP INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 50,000 shares; 2025Q1: 98,000 shares; 2025Q2: not reported; 2025Q3: 35,000 shares 35,000$2.95M3.15%newTimeline
MHOM/I HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 68,301 shares; 2025Q3: 17,810 shares 17,810$2.57M2.74%-50,491Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares 10,000$2.51M2.68%newTimeline
MBCMASTERBRAND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 196,082 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 165,100 shares 165,100$2.17M2.32%newTimeline
OPRTOPORTUN FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 711,631 shares; 2024Q4: 623,223 shares; 2025Q1: 139,172 shares; 2025Q2: 139,172 shares; 2025Q3: 139,172 shares 139,172$859K0.92%0Timeline
EARNELLINGTON CREDIT COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 149,086 shares; 2024Q4: 149,086 shares; 2025Q1: 149,086 shares; 2025Q2: 149,086 shares; 2025Q3: 149,086 shares 149,086$813K0.87%0Timeline
BLNEBEELINE HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 195,780 shares; 2025Q2: 195,780 shares; 2025Q3: 195,780 shares 195,780$775K0.83%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput100,000$66.6Mnew
IWMISHARES TR SHSput170,000$41.1Mnew
XLFSELECT SECTOR SPDR TR SHSput500,000$26.9M+300,000
CCLCARNIVAL CORP Stockput580,000$16.8M0
SKYCHAMPION HOMES INC COMcall100,000$7.64Mnew
ARRARMOUR RESIDENTIAL REIT INC REITcall500,000$7.47Mnew
AALAMERICAN AIRLINES GROUP INC Stockput400,000$4.5M0
INVHINVITATION HOMES INC REITcall44,800$1.31Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1principal1,000,000$998K0

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NLYANNALY CAPITAL MANAGEMENT IN1,000,000$18.8Mcall
UWMCUWM HOLDINGS CORPORATION2,000,000$8.28Mcall
MR COOPER GROUP INCMR COOPER GROUP INC39,896$5.95Mshares
MTHMERITAGE HOMES CORP78,600$5.26Mshares
HDHOME DEPOT INC12,000$4.4Mshares
MHKMOHAWK INDS INC25,000$2.62Mshares
CCSCENTURY COMMUNITIES INC35,000$1.97Mshares
NLYANNALY CAPITAL MANAGEMENT IN37,452$705Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001478394-25-000004 base2025-11-14acceptance time not in the bulk data set