EH
EMG Holdings Portfolio holdings
AUM
$125M
Turnover
70.27%
1-Year Est. Return
8.69%
This Fund
S&P 500
This Quarter
Est. Return
+16.01%
1 Year Est. Return
+8.69%
3 Year Est. Return
+4.17%
5 Year Est. Return
-7.25%
10 Year Est. Return
–
AUM
$125M
AUM Growth
-$271M
(-68%)
Cap. Flow
-$14.4M
Cap. Flow
% of AUM
-11.47%
Top 10 Holdings %
Top 10 Hldgs %
83.42%
Holding
37
New
10
Increased
1
Reduced
7
Closed
16
Avg Time Held Equity + Options
1
year
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.5
years
Avg Time Held Equity only
1.4
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Homes 4 Rent
AMH
|
+$8.54M |
| 2 |
Invitation Homes
INVH
|
+$7.92M |
| 3 |
PennyMac Mortgage Investment
PMT
|
+$6.3M |
| 4 |
Ellington Financial
EFC
|
+$2.14M |
| 5 |
First American
FAF
|
+$2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PennyMac Financial
PFSI
|
+$5.72M |
| 2 |
M/I Homes
MHO
|
+$4.6M |
| 3 |
Dynex Capital
DX
|
+$4.4M |
| 4 |
KB Home
KBH
|
+$4.02M |
| 5 |
Fortune Brands Innovations
FBIN
|
+$3.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 52.07% |
| 2 | Real Estate | 39.81% |
| 3 | Financials | 4.5% |
| 4 | Industrials | 1.9% |
| 5 | Consumer Discretionary | 1.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $18.7M | 14.91% |
25,000
-15,000
| -38% | -$10.9M |
2025 Q3
3 quarters
|
|
2
PUT
Invesco Senior Loan ETF
BKLN
$6.26B
| $17.2M | 13.74% |
844,400
| – | – |
2026 Q1
1 quarter
|
|
|
3
Ellington Financial
EFC
$1.51B
| $15.3M | 12.21% |
1,122,952
+161,934
| +17% | +$2.14M |
2021 Q3
19 quarters
|
|
|
4
American Homes 4 Rent
AMH
$11B
| $9.05M | 7.23% |
+270,000
| New | +$8.54M |
2026 Q2
0 quarters
|
|
5
CALL
Home Depot
HD
$295B
| $8.82M | 7.04% |
+25,000
| New | +$8.13M |
2026 Q2
0 quarters
|
|
|
6
CALL
PennyMac Financial
PFSI
$3B
| $8.71M | 6.96% |
+100,000
| New | +$8.7M |
2026 Q2
0 quarters
|
|
7
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$49B
| $8.64M | 6.9% |
+100,000
| New | +$8.59M |
2026 Q2
0 quarters
|
|
|
8
Invitation Homes
INVH
$15.7B
| $8.46M | 6.76% |
+280,000
| New | +$7.92M |
2026 Q2
0 quarters
|
|
|
9
PennyMac Mortgage Investment
PMT
$599M
| $6.45M | 5.15% |
+572,080
| New | +$6.3M |
2026 Q2
0 quarters
|
|
10
Century Communities
CCS
$1.53B
| $3.16M | 2.52% |
44,061
-12,224
| -22% | -$707K |
2025 Q4
2 quarters
|
|
11
CALL
Rocket Companies
RKT
$29.8B
| $3.15M | 2.52% |
+200,000
| New | +$2.88M |
2026 Q2
0 quarters
|
|
12
MFA Financial
MFA
$662M
| $3.07M | 2.45% |
317,127
-321,351
| -50% | -$3.12M |
2022 Q2
16 quarters
|
|
13
Owens Corning
OC
$8.79B
| $2.38M | 1.9% |
+15,000
| New | +$1.82M |
2026 Q2
0 quarters
|
|
14
Camden Property Trust
CPT
$11.3B
| $2.31M | 1.85% |
20,176
-35,000
| -63% | -$3.73M |
2025 Q4
2 quarters
|
|
|
15
M/I Homes
MHO
$3.12B
| $2.15M | 1.71% |
13,343
-34,357
| -72% | -$4.6M |
2025 Q2
4 quarters
|
|
|
16
First American
FAF
$6.34B
| $2.06M | 1.64% |
+30,000
| New | +$2M |
2026 Q2
0 quarters
|
|
17
Mid-America Apartment Communities
MAA
$13.4B
| $2.06M | 1.64% |
14,800
-20,000
| -57% | -$2.61M |
2025 Q4
2 quarters
|
|
18
Radian Group
RDN
$4.42B
| $1.88M | 1.5% |
+50,000
| New | +$1.77M |
2026 Q2
0 quarters
|
|
19
Oportun Financial
OPRT
$404M
| $794K | 0.63% |
139,072
-100
| -0.1% | -$536 |
2022 Q4
14 quarters
|
|
20
Ellington Residential Mortgage REIT
EARN
$122M
| $659K | 0.53% |
149,086
| – | – |
2021 Q3
19 quarters
|
|
21
Beeline Holdings
BLNE
$20.7M
| $239K | 0.19% |
195,781
| – | – |
2025 Q1
5 quarters
|
|
22
CALL
Compass
COMP
$6.72B
| – | – |
-200,000
| Closed | -$1.46M | – |
|
|
23
Compass
COMP
$6.72B
| – | – |
-256,987
| Closed | -$1.88M | – |
|
|
24
Dynex Capital
DX
$2.69B
| – | – |
-345,000
| Closed | -$4.4M | – |
|
25
Essent Group
ESNT
$5.65B
| – | – |
-60,000
| Closed | -$3.51M | – |
|
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EMG Holdings's Q2 2026 Portfolio in Review
As of Q2 2026, EMG Holdings held 37 positions worth $125M, down 68% from $397M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
EMG Holdings withdrew a net $14.4M in Q2 2026, closing 16 positions and reducing 7 holdings. Its most notable exit was PennyMac Financial, an estimated $5.72M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, down from 83% a quarter earlier, followed by Real Estate and Financials.
Against the trend, EMG Holdings opened a new position in American Homes 4 Rent worth $9.05M.
- EMG Holdings's largest Q2 2026 buy was American Homes 4 Rent: 270,000 shares worth $9.05M.
- EMG Holdings added most to Ellington Financial in Q2 2026, an estimated $2.14M increase.
- EMG Holdings's biggest Q2 2026 reduction was M/I Homes, cutting an estimated $4.6M.
- EMG Holdings fully exited PennyMac Financial in Q2 2026, selling an estimated $5.72M.
- EMG Holdings's ten largest holdings make up 83% of its $125M portfolio in Q2 2026.
- EMG Holdings opened 10 new positions and closed 16 in Q2 2026.
- EMG Holdings's portfolio value fell 68% quarter-over-quarter to $125M.
Based on EMG Holdings's 13F filing for Q2 2026, filed 14 Aug 2026.