SEC 13F Intelligence

Managers / Q1 2026

EMG Holdings, L.P.

CIK 0001478394 · 53 FOREST AVENUE, OLD GREENWICH, CT, 06870 · (203) 698-1200

Reported Value
$397M
Q1 2026
Positions
27
Filings on Record
19
2019–present window
Filed
May 19, 2026
original filing

Summary

Emg Holdings, L.P. reported $397M in U.S.-listed holdings across 27 positions for Q1 2026.

Its largest position, EFCUSD, represents 2.9% of the portfolio.

Compared with Q4 2025, the fund opened 8 new positions and exited 11.

Portfolio Metrics

Turnover
+16.8%
vs prior filed quarter
Top-10 Concentration
+13.8%
share of reported value
Largest Position
+2.9%
Ellington Financial
New / Exited
8 / 11
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q3 ’21: $897MQ3 ’21Q4 ’21: $775MQ1 ’22: $1.2BQ2 ’22: $659MQ2 ’22Q3 ’22: $780MQ4 ’22: $650MQ1 ’23: $957MQ1 ’23Q2 ’23: $429MQ3 ’23: $459MQ4 ’23: $610MQ4 ’23Q1 ’24: $537MQ2 ’24: $203MQ3 ’24: $191MQ3 ’24Q4 ’24: $168MQ1 ’25: $208MQ2 ’25: $136MQ2 ’25Q3 ’25: $266MQ4 ’25: $135MQ1 ’26: $397MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 80.1%Common Stock: 10.7%REIT: 8.2%Other: 0.9%Closed-End Fund: 0.2%
  • ETP · 80.1% · $318M
  • Common Stock · 10.7% · $42M
  • REIT · 8.2% · $32M
  • Other · 0.9% · $4M
  • Closed-End Fund · 0.2% · $660,451

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INVESCO EXCH TRADED FD TR IINEW+844.4K844.4K+$17M$17M
RITMRITHM CAPITAL CORPNEW+1.30M1.30M+$12M$12M
DYT1DYNEX CAP INCNEW+345.0K345.0K+$4M$4M
KBHKB HOMENEW+77.7K77.7K+$4M$4M
FBINFORTUNE BRANDS INNOVATIONS INEW+100.0K100.0K+$4M$4M
ESSENT GROUP LTDNEW+60.0K60.0K+$4M$4M
COMPCOMPASS INCNEW+457.0K457.0K+$3M$3M
JANUS DETROIT STR TRNEW+20.0K20.0K+$932,100$932,100

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EFCUSDELLINGTON FINANCIAL INChistory →COM2.87%$11M961.0K
2MFA FINL INCCOM1.54%$6M638.5K
3MHOM/I HOMES INChistory →COM1.47%$6M47.7K
4PFSIPENNYMAC FINL SVCS INC NEWhistory →COM1.45%$6M65.7K
5CPTCAMDEN PPTY TRhistory →SH BEN INT1.36%$5M55.2K
6DYT1DYNEX CAP INChistory →COM1.11%$4M345.0K
7MID-AMER APT CMNTYS INCCOM1.07%$4M34.8K
8KBHKB HOMEhistory →COM1.01%$4M77.7K
9FBINFORTUNE BRANDS INNOVATIONS ICOM0.98%$4M100.0K
10ESSENT GROUP LTDCOM0.88%$4M60.0K
11CCSCENTURY COMMUNITIES INCCOM0.81%$3M56.3K
12RITMRITHM CAPITAL CORPCOM NEW0.72%$3M300.0K
13FNDFLOOR & DECOR HLDGS INCCL A0.51%$2M40.0K
14COMPCOMPASS INCCL A0.47%$2M257.0K
15NVRNVR INCCOM0.45%$2M273
16EARNELLINGTON CREDIT COMPANYCOM SHS BEN INT0.17%$660,451149.1K
17OPRTOPORTUN FINL CORPCOM0.16%$641,583139.2K
18BLNEBEELINE HOLDINGS INCCOM NEW0.12%$460,085195.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$397M27May 19, 202613F-HRchanges · EDGAR ↗
Q4 2025$135M27Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$266M26Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$136M22Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$208M26May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$168M26Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$191M30Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$203M35Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$537M37May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$610M65Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$459M62Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$429M69Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$957M71May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$650M89Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$780M150Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$659M245Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.2B300May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$775M273Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$897M199Nov 15, 202113F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • ELLINGTON MANAGEMENT GROUP LLC028-11539

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.