# EMG Holdings, L.P.: Form 13F holdings

An institutional investment manager in OLD GREENWICH, CT. SEC CIK 1478394.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $125.2m
- Positions: 21 (21 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1478394/000147839426000005/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $18.7m | 14.9% | 25,000 | Put | Reduced −15,000 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | $17.2m | 13.7% | 844,400 | Put | Unchanged |
| [ELLINGTON FINANCIAL INC (EFC)](/companies/efc.md) | COM | $15.3m | 12.2% | 1,122,952 |  | Added +161,934 |
| [AMERICAN HOMES 4 RENT (AMH)](/companies/amh.md) | CL A | $9.1m | 7.2% | 270,000 |  | New +270,000 |
| [HOME DEPOT INC (HD)](/companies/hd.md) | COM | $8.8m | 7.0% | 25,000 | Call | New +25,000 |
| [PENNYMAC FINL SVCS INC NEW (PFSI)](/companies/pfsi.md) | COM | $8.7m | 7.0% | 100,000 | Call | New +100,000 |
| ISHARES TR | 20 YR TR BD ETF | $8.6m | 6.9% | 100,000 | Put | New +100,000 |
| [INVITATION HOMES INC (INVH)](/companies/invh.md) | COM | $8.5m | 6.8% | 280,000 |  | New +280,000 |
| [PENNYMAC MTG INVT TR (PMT)](/companies/pmt.md) | COM | $6.5m | 5.2% | 572,080 |  | New +572,080 |
| [CENTURY COMMUNITIES INC (CCS)](/companies/ccs.md) | COM | $3.2m | 2.5% | 44,061 |  | Reduced −12,224 |
| [ROCKET COS INC (RKT)](/companies/rkt.md) | COM CL A | $3.1m | 2.5% | 200,000 | Call | New +200,000 |
| [MFA FINL INC (MFA)](/companies/mfa.md) | COM | $3.1m | 2.5% | 317,127 |  | Reduced −321,351 |
| [OWENS CORNING NEW (OC)](/companies/oc.md) | COM | $2.4m | 1.9% | 15,000 |  | New +15,000 |
| [CAMDEN PPTY TR (CPT)](/companies/cpt.md) | SH BEN INT | $2.3m | 1.8% | 20,176 |  | Reduced −35,000 |
| [M/I HOMES INC (MHO)](/companies/mho.md) | COM | $2.1m | 1.7% | 13,343 |  | Reduced −34,357 |
| [FIRST AMERN FINL CORP (FAF)](/companies/faf.md) | COM | $2.1m | 1.6% | 30,000 |  | New +30,000 |
| [MID-AMER APT CMNTYS INC (MAA)](/companies/maa.md) | COM | $2.1m | 1.6% | 14,800 |  | Reduced −20,000 |
| [RADIAN GROUP INC (RDN)](/companies/rdn.md) | COM | $1.9m | 1.5% | 50,000 |  | New +50,000 |
| [OPORTUN FINL CORP (OPRT)](/companies/oprt.md) | COM | $794.1k | 0.6% | 139,072 |  | Reduced −100 |
| [ELLINGTON CREDIT COMPANY (EARN)](/companies/earn.md) | COM SHS BEN INT | $659.0k | 0.5% | 149,086 |  | Unchanged |
| [BEELINE HOLDINGS INC (BLNE)](/companies/blne.md) | COM NEW | $238.9k | 0.2% | 195,781 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [COMPASS INC (COMP)](/companies/comp.md) | CL A | $0 | 0.0% | 0 |  | Sold out −256,987 |
| [COMPASS INC (COMP)](/companies/comp.md) | CL A | $0 | 0.0% | 0 | Call | Sold out −200,000 |
| [DYNEX CAP INC (DX)](/companies/dx.md) | COM | $0 | 0.0% | 0 |  | Sold out −345,000 |
| ESSENT GROUP LTD | COM | $0 | 0.0% | 0 |  | Sold out −60,000 |
| [FLOOR & DECOR HLDGS INC (FND)](/companies/fnd.md) | CL A | $0 | 0.0% | 0 |  | Sold out −40,000 |
| [FORTUNE BRANDS INNOVATIONS I (FBIN)](/companies/fbin.md) | COM | $0 | 0.0% | 0 |  | Sold out −100,000 |
| ISHARES TR | US HOME CONS ETF | $0 | 0.0% | 0 | Call | Sold out −50,000 |
| ISHARES TR | RUSSELL 2000 ETF | $0 | 0.0% | 0 | Put | Sold out −100,000 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | $0 | 0.0% | 0 | Put | Sold out −20,000 |
| [KB HOME (KBH)](/companies/kbh.md) | COM | $0 | 0.0% | 0 |  | Sold out −77,657 |
| [NVR INC (NVR)](/companies/nvr.md) | COM | $0 | 0.0% | 0 |  | Sold out −273 |
| [PENNYMAC FINL SVCS INC NEW (PFSI)](/companies/pfsi.md) | COM | $0 | 0.0% | 0 |  | Sold out −65,727 |
| [RITHM CAPITAL CORP (RITM)](/companies/ritm.md) | COM NEW | $0 | 0.0% | 0 | Call | Sold out −1,000,000 |
| [RITHM CAPITAL CORP (RITM)](/companies/ritm.md) | COM NEW | $0 | 0.0% | 0 |  | Sold out −300,000 |
| SSGA ACTIVE ETF TR | STATE STREET BLA | $0 | 0.0% | 0 | Put | Sold out −85,300 |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $0 | 0.0% | 0 | Call | Sold out −370,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001478394-26-000005. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.