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EMG Holdings, L.P.

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13F filer, CIK 1478394, OLD GREENWICH, CT

EMG Holdings, L.P. reported $396,597,210 across 27 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-19. Its ten largest share positions make up 80.11% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001478394-26-000004

Period
2026-03-31
Reported value
$397M
Holdings
27
Top 10 weight
80.11%
New
12
Sold out
12

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

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
DXnew+345,000$4.4M
KBHnew+77,657$4.02M
PFSIadded+45,727$4M
FBINnew+100,000$3.9M
ESNTnew+60,000$3.51M

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
RDNexited-120,000-$4.32M
CVCOexited-5,043-$2.98M
MASexited-45,000-$2.86M
OCexited-24,893-$2.79M
SKYexited-31,829-$2.69M

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, Q1 2026

Share positions as resolved from 13F-HR 0001478394-26-000004, largest first. % of portfolio is the value over $68,098,052, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
EFCELLINGTON FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 927,141 shares; 2024Q4: 927,141 shares; 2025Q1: 927,141 shares; 2025Q2: 961,018 shares; 2025Q3: 961,018 shares; 2025Q4: 961,018 shares; 2026Q1: 961,018 shares 961,018$11.4M16.72%0Timeline
MFAMFA FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 457,445 shares; 2024Q4: 218,100 shares; 2025Q1: 608,054 shares; 2025Q2: 979,969 shares; 2025Q3: 1,062,035 shares; 2025Q4: 719,478 shares; 2026Q1: 638,478 shares 638,478$6.12M8.98%-81,000Timeline
MHOM/I HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 68,301 shares; 2025Q3: 17,810 shares; 2025Q4: 27,529 shares; 2026Q1: 47,700 shares 47,700$5.84M8.58%+20,171Timeline
PFSIPENNYMAC FINL SVCS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 38,649 shares; 2024Q4: not reported; 2025Q1: 64,580 shares; 2025Q2: not reported; 2025Q3: 52,132 shares; 2025Q4: 20,000 shares; 2026Q1: 65,727 shares 65,727$5.74M8.44%+45,727Timeline
CPTCAMDEN PPTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 38,700 shares; 2026Q1: 55,176 shares 55,176$5.39M7.91%+16,476Timeline
DXDYNEX CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 695,711 shares; 2025Q4: not reported; 2026Q1: 345,000 shares 345,000$4.4M6.46%newTimeline
MAAMID-AMER APT CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 24,800 shares; 2026Q1: 34,800 shares 34,800$4.25M6.24%+10,000Timeline
KBHKB HOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 77,657 shares 77,657$4.02M5.9%newTimeline
FBINFORTUNE BRANDS INNOVATIONS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 100,000 shares 100,000$3.9M5.72%newTimeline
ESNTESSENT GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 66,773 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 60,000 shares 60,000$3.51M5.15%newTimeline
CCSCENTURY COMMUNITIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 35,000 shares; 2025Q3: not reported; 2025Q4: 13,821 shares; 2026Q1: 56,285 shares 56,285$3.23M4.74%+42,464Timeline
RITMRITHM CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 300,000 shares 300,000$2.84M4.18%newTimeline
FNDFLOOR & DECOR HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 58,137 shares; 2026Q1: 40,000 shares 40,000$2.03M2.98%-18,137Timeline
COMPCOMPASS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 761,393 shares; 2025Q3: 460,802 shares; 2025Q4: not reported; 2026Q1: 256,987 shares 256,987$1.88M2.76%newTimeline
NVRNVR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 250 shares; 2026Q1: 273 shares 273$1.8M2.64%+23Timeline
EARNELLINGTON CREDIT COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 149,086 shares; 2024Q4: 149,086 shares; 2025Q1: 149,086 shares; 2025Q2: 149,086 shares; 2025Q3: 149,086 shares; 2025Q4: 149,086 shares; 2026Q1: 149,086 shares 149,086$660K0.97%0Timeline
OPRTOPORTUN FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 711,631 shares; 2024Q4: 623,223 shares; 2025Q1: 139,172 shares; 2025Q2: 139,172 shares; 2025Q3: 139,172 shares; 2025Q4: 139,172 shares; 2026Q1: 139,172 shares 139,172$642K0.94%0Timeline
BLNEBEELINE HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 195,780 shares; 2025Q2: 195,780 shares; 2025Q3: 195,780 shares; 2025Q4: 195,781 shares; 2026Q1: 195,781 shares 195,781$460K0.68%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 SHScall370,000$241Mnew
SPYSTATE STR SPDR S&P 500 ETF T SHSput40,000$26M+10,000
IWMISHARES TR SHSput100,000$24.8M0
BKLNINVESCO EXCH TRADED FD TR II SR LN ETFput844,400$17.2Mnew
RITMRITHM CAPITAL CORP REITcall1,000,000$9.48Mnew
ITBISHARES TR US HOME CONS ETFcall50,000$4.53Mnew
SRLNSSGA ACTIVE ETF TR BLACKSTONE SENRput85,300$3.42M0
COMPCOMPASS INC CL Acall200,000$1.46Mnew
JBBBJANUS DETROIT STR TR ETFput20,000$932Knew

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
DHID R HORTON INC100,000$14.4Mput
ITBISHARES TR100,000$9.63Mput
RDNRADIAN GROUP INC120,000$4.32Mshares
CVCOCAVCO INDS INC DEL5,043$2.98Mshares
MASMASCO CORP45,000$2.86Mshares
OCOWENS CORNING NEW24,893$2.79Mshares
SKYCHAMPION HOMES INC31,829$2.69Mshares
TREXTREX INC60,000$2.1Mshares
TMHCTAYLOR MORRISON HOME CORP30,000$1.77Mshares
PENNYMAC CORPPENNYMAC CORP1,000,000$1Mprincipal
LEGHLEGACY HOUSING CORP17,524$342Kshares
MBCMASTERBRAND INC10,566$117Kshares

How Q1 2026 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 0001478394-26-000004 base2026-05-19acceptance time not in the bulk data set