Who owns EMCS (EMCS)
Which tracked institutional funds hold EMCS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See EMCS company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
2 tracked funds added or opened EMCS while 3 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
EMCS’s largest tracked holder by dollar value, Varma Mutual Pension Insurance Co, sizes it at 4.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 4.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in EMCS divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 19 tracked filers holding EMCS, 4 increased or opened the position and 12 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in EMCS between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Full exits 1
- JANE STREET GROUP, LLC$799K
Largest adds
- Varma Mutual Pension Insurance Co$137M
- GOLDMAN SACHS GROUP INC$1,000K
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$2M
- ROYAL BANK OF CANADA$1M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Varma Mutual Pension Insurance Co added | 20,621,177 | $766M | 97.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 137,505 | $5M | 0.7% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 68,395 | $3M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 35,647 | $1M | 0.2% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD | 35,286 | $1M | 0.2% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 23,368 | $868K | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 9,433 | $350K | 0.0% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 8,321 | $309K | 0.0% | 2026-Q1 |
| Pallas Capital Advisors LLC trimmed | 6,201 | $230K | 0.0% | 2026-Q1 |
| CANTOR FITZGERALD INVESTMENT ADVISORS L.P. trimmed | 6,047 | $225K | 0.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 4,081 | $152K | 0.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 2,296 | $85K | 0.0% | 2026-Q1 |
| DEUTSCHE BANK AG\ | 1,750 | $65K | 0.0% | 2026-Q1 |
| Bell Investment Advisors, Inc | 806 | $30K | 0.0% | 2026-Q1 |
| UBS Group AG | 783 | $29K | 0.0% | 2026-Q1 |
| Ascentis Independent Advisors new | 680 | $25K | 0.0% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. | 312 | $12K | 0.0% | 2026-Q1 |
| ASSETMARK, INC trimmed | 34 | $1K | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN | 1 | $25 | 0.0% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 98,122 | $3M | 0.4% | 2025-Q1 stale |
| JANE STREET GROUP, LLC added | 22,410 | $799K | 0.1% | 2025-Q4 stale |
| GTS SECURITIES LLC new | 8,703 | $310K | 0.0% | 2025-Q4 stale |
| SageView Advisory Group, LLC new | 233 | $8K | 0.0% | 2025-Q4 stale |
| RAYMOND JAMES FINANCIAL INC new | 241 | $8K | 0.0% | 2025-Q2 stale |
| MORGAN STANLEY trimmed | 1 | $47 | 0.0% | 2025-Q3 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.