Who owns 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-Q2 13F filings (latest filed 2026-08-14). 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
The tracked-fund tape on EMCS is one-sided between 2026-Q1 and 2026-Q2: 6 added or opened and 1 trimmed or exited — on balance accumulating.
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 5.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.1pp 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 2026-Q1 and 2026-Q2, across 19 tracked filers holding EMCS, 5 increased or opened the position and 11 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 2026-Q1 and 2026-Q2 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.
Largest adds
- Varma Mutual Pension Insurance Co$201M
- BANK OF AMERICA CORP /DE/$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$596K
- ROYAL BANK OF CANADA$404K
- STATE OF WISCONSIN INVESTMENT BOARD$344K
- GOLDMAN SACHS GROUP INC$343K
Largest trims
- OLD MISSION CAPITAL LLC$446K
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 | 20,621,177 | $967M | 98.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 134,948 | $6M | 0.6% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 66,875 | $3M | 0.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 35,546 | $2M | 0.2% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD | 35,286 | $2M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 15,197 | $713K | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 9,231 | $433K | 0.0% | 2026-Q2 |
| OLD MISSION CAPITAL LLC trimmed | 8,994 | $422K | 0.0% | 2026-Q2 |
| Pallas Capital Advisors LLC | 6,201 | $291K | 0.0% | 2026-Q2 |
| CANTOR FITZGERALD INVESTMENT ADVISORS L.P. trimmed | 5,952 | $279K | 0.0% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 5,816 | $273K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 5,594 | $262K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 2,304 | $108K | 0.0% | 2026-Q2 |
| Bell Investment Advisors, Inc added | 2,284 | $107K | 0.0% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 1,500 | $70K | 0.0% | 2026-Q2 |
| UBS Group AG trimmed | 781 | $37K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 312 | $15K | 0.0% | 2026-Q2 |
| ASSETMARK, INC trimmed | 31 | $1K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 0 | $11 | 0.0% | 2026-Q2 |
| Ascentis Independent Advisors new | 680 | $25K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| GTS SECURITIES LLC new | 8,703 | $310K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| SageView Advisory Group, LLC new | 233 | $8K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| MORGAN STANLEY trimmed | 1 | $47 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| RAYMOND JAMES FINANCIAL INC new | 241 | $8K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.