EMCOR GROUP INC EME
COM · Common Stock · CUSIP 29084Q100 · ISIN US29084Q1004
Company providing mechanical and electrical construction, industrial energy infrastructure
- SectorIndustrials
- IndustryElectrical Work
- HeadquartersNorwalk, CT
- Founded1994
- Websiteemcorgroup.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($102.4m this quarter). Holder counts are more reliable. Shares outstanding: 44.8m as of 2025-07-25, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $534.58. Options: 15 managers hold calls ($127.6m notional), 14 hold puts ($111.6m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 383 |
| Q4 2022 | 463 |
| Q1 2023 | 463 |
| Q2 2023 | 494 |
| Q3 2023 | 530 |
| Q4 2023 | 568 |
| Q1 2024 | 657 |
| Q2 2024 | 748 |
| Q3 2024 | 794 |
| Q4 2024 | 891 |
| Q1 2025 | 876 |
| Q2 2025 | 946 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 231 | 265 |
| Q4 2023 | 263 | 249 |
| Q1 2024 | 323 | 311 |
| Q2 2024 | 400 | 312 |
| Q3 2024 | 418 | 343 |
| Q4 2024 | 421 | 380 |
| Q1 2025 | 442 | 434 |
| Q2 2025 | 484 | 437 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $161.8m | $79.6m | 0.49 |
| Q4 2024 | $119.6m | $95.7m | 0.80 |
| Q1 2025 | $112.8m | $85.5m | 0.76 |
| Q2 2025 | $127.6m | $111.6m | 0.87 |
Biggest buyers
| VICTORY CAPITAL MANAGEMENT INC | Added | +428.9k |
| ROYAL BANK OF CANADA | Added | +283.9k |
| CITADEL ADVISORS LLC | Added | +194.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +182.3k |
| FMR LLC | Added | +155.0k |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +153.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +130.2k |
| FEDERATED HERMES, INC. | Added | +116.3k |
| AMERICAN CENTURY COMPANIES INC | Added | +100.1k |
| JANE STREET GROUP, LLC | Added | +89.5k |
Biggest sellers
| Pacer Advisors, Inc. | Reduced | -335.1k |
| BlackRock, Inc. | Reduced | -309.8k |
| New Vernon Capital Holdings II LLC | Reduced | -308.2k |
| Squarepoint Ops LLC | Reduced | -191.2k |
| Select Equity Group, L.P. | Reduced | -126.2k |
| Assenagon Asset Management S.A. | Reduced | -105.2k |
| VANGUARD GROUP INC | Reduced | -102.9k |
| Invesco Ltd. | Reduced | -90.8k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -82.1k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -81.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $40.6m75.9k shares |
| CITADEL ADVISORS LLC | Reduced | $28.3m53.0k shares |
| PEAK6 LLC | Added | $20.2m37.8k shares |
| Cubist Systematic Strategies, LLC | Reduced | $7.0m13.1k shares |
| IMC-Chicago, LLC | Reduced | $6.7m12.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $6.3m11.9k shares |
| JANE STREET GROUP, LLC | Reduced | $4.7m8.7k shares |
| BANK OF AMERICA CORP /DE/ | Added | $4.3m8.0k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $3.3m6.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.9m5.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $34.0m63.5k shares |
| CITADEL ADVISORS LLC | Reduced | $28.7m53.7k shares |
| Cubist Systematic Strategies, LLC | Added | $9.7m18.1k shares |
| JANE STREET GROUP, LLC | Reduced | $7.6m14.3k shares |
| WOLVERINE TRADING, LLC | Added | $5.9m11.2k shares |
| IMC-Chicago, LLC | New | $5.5m10.2k shares |
| Caption Management, LLC | Unchanged | $5.3m10.0k shares |
| PEAK6 LLC | Reduced | $4.9m9.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.9m5.4k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $2.7m5.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution -3.0 pts · filed 2025-10-17 | 8.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
Fell to 5% or below in the last year: FMR LLC (4.4%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 1 | $2.8m | $2.8m |
| Q4 2023 | 0 | — | 1 | $3.2m | — |
| Q1 2024 | 1 | $57 | 1 | $1.9m | — |
| Q2 2024 | 1 | $546 | 4 | $2.3m | — |
| Q3 2024 | 0 | — | 1 | $482.0k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $1.3m | — |
| Q2 2025 | 0 | — | 4 | $4.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-06 | Nalbandian Jason R SVP, CFO, Chief Acct. Officer | Sold | $364.2k750 shares |
| 2025-06-06 | Lind Robert Peter VP and Controller | Sold | $217.0k447 shares |
| 2025-05-05 | Guzzi Anthony Chairman, President and CEO, director | Sold | $3.1m7.0k shares |
| 2025-05-01 | Walker-Lee Robin A Director | Sold | $391.0k947 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.05% of their portfolio | 5.1m $2.7bn | Reduced -309.8k |
| VANGUARD GROUP INC 0.04% of their portfolio | 4.5m $2.4bn | Reduced -102.9k |
| FMR LLC 0.06% of their portfolio | 2.0m $1.1bn | Added +155.0k |
| STATE STREET CORP 0.03% of their portfolio | 1.6m $860.4m | Reduced -73.8k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.67% of their portfolio | 1.3m $698.2m | Added +42.3k |
| Invesco Ltd. 0.10% of their portfolio | 1.1m $604.2m | Reduced -90.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 1.0m $555.2m | Reduced -40.6k |
| Select Equity Group, L.P. 2.06% of their portfolio | 906.9k $485.1m | Reduced -126.2k |
| NORGES BANK 0.04% of their portfolio | 644.1k $344.5m | Added +17.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.22% of their portfolio | 637.9k $342.9m | Added +428.9k |
| AQR CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 622.0k $327.7m | Reduced -81.4k |
| MORGAN STANLEY 0.02% of their portfolio | 584.8k $312.8m | Added +59.5k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 560.8k $300.0m | Added +283.9k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 546.1k $292.1m | Reduced -25.4k |
| FIRST TRUST ADVISORS LP 0.23% of their portfolio | 531.7k $284.4m | Reduced -5.1k |
| Burgundy Asset Management Ltd. 2.76% of their portfolio | 530.5k $283.7m | Added +14.9k |
| FULLER & THALER ASSET MANAGEMENT, INC. 1.02% of their portfolio | 520.6k $278.5m | Reduced -82.1k |
| Allspring Global Investments Holdings, LLC 0.46% of their portfolio | 518.4k $275.2m | Added +60.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 490.1k $262.1m | Added +130.2k |
| LORD, ABBETT & CO. LLC 0.81% of their portfolio | 473.3k $253.1m | Added +68.5k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 455.4k $243.6m | Added +24.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.20% of their portfolio | 395.1k $210.3m | Added +153.9k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 363.9k $194.6m | Reduced -18.9k |
| AMERICAN CENTURY COMPANIES INC 0.10% of their portfolio | 349.5k $187.0m | Added +100.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 348.1k $186.2m | Reduced -3.4k |
| Man Group plc 0.40% of their portfolio | 342.2k $183.0m | Reduced -29.4k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 337.2k $180.3m | Added +7.0k |
| Caisse de depot et placement du Quebec 0.38% of their portfolio | 336.1k $179.8m | Reduced -987 |
| FEDERATED HERMES, INC. 0.32% of their portfolio | 322.4k $172.5m | Added +116.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.66% of their portfolio | 312.7k $167.3m | Added +182.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.31% of their portfolio | 302.3k $161.7m | Reduced -3.2k |
| Qube Research & Technologies Ltd 0.22% of their portfolio | 291.0k $155.7m | Reduced -61.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 283.1k $151.4m | Added +57.4k |
| TimesSquare Capital Management, LLC 2.16% of their portfolio | 280.5k $150.0m | Reduced -3.3k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 280.2k $149.9m | Reduced -16.6k |
| TD Asset Management Inc 0.12% of their portfolio | 254.8k $136.3m | Added +12.7k |
| Epoch Investment Partners, Inc. 0.69% of their portfolio | 251.1k $134.3m | Added +15.4k |
| CONGRESS ASSET MANAGEMENT CO 0.87% of their portfolio | 238.1k $127.4m | Reduced -47.6k |
| Allianz Asset Management GmbH 0.17% of their portfolio | 237.3k $126.9m | Reduced -26.5k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 227.1k $121.5m | Reduced -32.6k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 222.1k $118.8m | Added +194.8k |
| Swedbank AB 0.13% of their portfolio | 215.7k $115.4m | First filing |
| Bridgewater Associates, LP 0.45% of their portfolio | 208.4k $111.5m | Reduced -11.3k |
| Pacer Advisors, Inc. 0.27% of their portfolio | 199.5k $106.7m | Reduced -335.1k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 196.7k $105.2m | Added +84.1k |
| Clark Capital Management Group, Inc. 0.70% of their portfolio | 187.5k $100.3m | Added +6.5k |
| Nuveen, LLC 0.03% of their portfolio | 186.5k $99.7m | Reduced -7.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 184.1k $98.5m | Added +9.5k |
| Russell Investments Group, Ltd. 0.12% of their portfolio | 181.7k $97.2m | Added +17.7k |
| Legal & General Group Plc 0.02% of their portfolio | 178.8k $95.6m | Reduced -40.9k |
| UBS Group AG 0.02% of their portfolio | 166.2k $88.9m | Added +8.0k |
| Amundi 0.03% of their portfolio | 155.6k $84.3m | Reduced -64.9k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 2.21% of their portfolio | 155.2k $83.0m | Reduced -310 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 150.1k $80.3m | Reduced -4.8k |
| ZACKS INVESTMENT MANAGEMENT 0.65% of their portfolio | 142.5k $76.2m | Added +5.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 139.4k $74.6m | Added +29.1k |
| Swiss National Bank 0.04% of their portfolio | 137.7k $73.7m | Added +8.0k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 136.7k $73.1m | Reduced -10.2k |
| KBC Group NV 0.19% of their portfolio | 131.5k $70.3m | Added +40.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 127.2k $68.0m | Added +1.2k |
| BI Asset Management Fondsmaeglerselskab A/S 0.64% of their portfolio | 121.9k $65.2m | Added +33.1k |
| PANAGORA ASSET MANAGEMENT INC 0.29% of their portfolio | 118.7k $63.5m | Reduced -23.8k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 118.4k $63.3m | Added +7.4k |
| VALUE HOLDINGS MANAGEMENT CO. LLC 10.64% of their portfolio | 112.7k $60.3m | Unchanged |
| Robeco Institutional Asset Management B.V. 0.10% of their portfolio | 110.4k $59.0m | Reduced -5.4k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 109.0k $58.3m | Added +3.9k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 106.6k $57.2m | Added +62.9k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 106.5k $57.0m | Added +5.0k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 105.3k $56.3m | Added +15.7k |
| AustralianSuper Pty Ltd 0.28% of their portfolio | 103.1k $55.1m | Reduced -6.8k |
| INTECH INVESTMENT MANAGEMENT LLC 0.49% of their portfolio | 98.2k $52.5m | Reduced -9.5k |
| Balyasny Asset Management L.P. 0.12% of their portfolio | 97.1k $51.9m | Added +54.9k |
| Fiera Capital Corp 0.18% of their portfolio | 97.0k $51.9m | Reduced -544 |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 94.9k $50.8m | Reduced -7.0k |
| California Public Employees Retirement System 0.03% of their portfolio | 93.5k $50.0m | Added +453 |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 90.9k $48.6m | Added +89.5k |
| RENAISSANCE GROUP LLC 1.88% of their portfolio | 90.3k $48.3m | Added +16.2k |
| Skandinaviska Enskilda Banken AB (publ) 0.21% of their portfolio | 90.1k $48.2m | Reduced -80.9k |
| AXA S.A. 0.14% of their portfolio | 89.9k $48.1m | Added +37.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.14% of their portfolio | 87.7k $46.9m | Reduced -6.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 82.0k $43.8m | Reduced -4.7k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.18% of their portfolio | 81.3k $43.5m | Reduced -9.1k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 80.3k $42.9m | Reduced -105.2k |
| Aware Super Pty Ltd as trustee of Aware Super 0.62% of their portfolio | 79.6k $42.6m | Unchanged |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.10% of their portfolio | 78.0k $41.7m | Added +12.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 77.7k $41.6m | Added +3.0k |
| DANSKE BANK A/S 0.10% of their portfolio | 74.1k $39.6m | Added +41.4k |
| Retirement Systems of Alabama 0.14% of their portfolio | 73.6k $39.4m | Reduced -1.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 71.0k $38.0m | Added +442 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio | 70.8k $37.9m | Added +14.7k |
| LPL Financial LLC 0.01% of their portfolio | 69.4k $37.1m | Added +9.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 68.8k $36.8m | Reduced -634 |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 66.9k $35.8m | Reduced -1.4k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 66.9k $35.8m | Added +27.3k |
| KIRR MARBACH & CO LLC /IN/ 6.40% of their portfolio | 60.5k $32.3m | Added +497 |
| STOCK YARDS BANK & TRUST CO 1.08% of their portfolio | 60.2k $32.2m | Added +624 |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 60.0k $32.1m | Added +8.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.16% of their portfolio | 59.4k $31.8m | Added +10.3k |
| COOKSON PEIRCE & CO INC 1.39% of their portfolio | 59.2k $31.7m | New |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.21% of their portfolio | 58.9k $31.5m | Reduced -12.2k |