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 ($152.4m this quarter). Holder counts are more reliable. Shares outstanding: 44.8m as of 2025-10-24, 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 ≈ $647.31. Options: 15 managers hold calls ($221.4m notional), 15 hold puts ($137.9m).
Trends to Q3 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 |
| Q3 2025 | 1,065 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q3 2025 | 537 | 448 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $119.6m | $95.7m | 0.80 |
| Q1 2025 | $112.8m | $85.5m | 0.76 |
| Q2 2025 | $127.6m | $111.6m | 0.87 |
| Q3 2025 | $221.4m | $137.9m | 0.62 |
Biggest buyers
| VANGUARD GROUP INC | Added | +799.0k |
| FMR LLC | Added | +596.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +377.2k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +311.5k |
| JPMORGAN CHASE & CO | Added | +278.3k |
| STATE STREET CORP | Added | +244.5k |
| Qube Research & Technologies Ltd | Added | +198.7k |
| DEUTSCHE BANK AG\ | Added | +171.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +163.2k |
| GOLDMAN SACHS GROUP INC | Added | +125.4k |
Biggest sellers
| BlackRock, Inc. | Reduced | -1.2m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -514.1k |
| Invesco Ltd. | Reduced | -406.0k |
| ROYAL BANK OF CANADA | Reduced | -324.8k |
| Select Equity Group, L.P. | Reduced | -171.1k |
| Bridgewater Associates, LP | Reduced | -106.8k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -100.5k |
| Balyasny Asset Management L.P. | Reduced | -95.5k |
| Man Group plc | Reduced | -94.5k |
| INTECH INVESTMENT MANAGEMENT LLC | Reduced | -93.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $60.6m93.3k shares |
| JANE STREET GROUP, LLC | Added | $55.3m85.1k shares |
| CITADEL ADVISORS LLC | Reduced | $29.7m45.8k shares |
| WOLVERINE TRADING, LLC | Added | $19.6m30.6k shares |
| D. E. Shaw & Co., Inc. | Added | $12.3m19.0k shares |
| Cubist Systematic Strategies, LLC | Added | $12.3m18.9k shares |
| IMC-Chicago, LLC | Added | $11.6m17.8k shares |
| BANK OF AMERICA CORP /DE/ | Added | $9.7m14.9k shares |
| PEAK6 LLC | Reduced | $3.5m5.4k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $2.7m4.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $46.4m71.5k shares |
| CITADEL ADVISORS LLC | Reduced | $22.9m35.2k shares |
| Cubist Systematic Strategies, LLC | Added | $16.4m25.3k shares |
| IMC-Chicago, LLC | Added | $11.8m18.2k shares |
| WOLVERINE TRADING, LLC | Added | $10.9m17.0k shares |
| JANE STREET GROUP, LLC | Added | $10.1m15.6k shares |
| Caption Management, LLC | Unchanged | $6.5m10.0k shares |
| BANK OF AMERICA CORP /DE/ | New | $4.6m7.1k shares |
| D. E. Shaw & Co., Inc. | Added | $3.6m5.6k shares |
| Twin Tree Management, LP | New | $2.3m3.6k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 5.3m $3.5bn | Added +799.0k |
| BlackRock, Inc. 0.04% of their portfolio | 3.9m $2.5bn | Reduced -1.2m |
| FMR LLC 0.09% of their portfolio | 2.6m $1.7bn | Added +596.0k |
| STATE STREET CORP 0.04% of their portfolio | 1.9m $1.2bn | Added +244.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 1.4m $917.8m | Added +377.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.33% of their portfolio | 949.4k $572.4m | Added +311.5k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.25% of their portfolio | 791.2k $513.9m | Reduced -514.1k |
| Select Equity Group, L.P. 2.04% of their portfolio | 735.8k $477.9m | Reduced -171.1k |
| Invesco Ltd. 0.07% of their portfolio | 723.6k $470.0m | Reduced -406.0k |
| AQR CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 627.5k $405.3m | Added +5.5k |
| MORGAN STANLEY 0.02% of their portfolio | 542.0k $352.0m | Reduced -42.8k |
| FIRST TRUST ADVISORS LP 0.25% of their portfolio | 521.7k $338.9m | Reduced -10.0k |
| Allspring Global Investments Holdings, LLC 0.54% of their portfolio | 510.2k $334.1m | Reduced -8.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 505.4k $328.3m | Added +278.3k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 497.2k $322.9m | Reduced -48.9k |
| Qube Research & Technologies Ltd 0.45% of their portfolio | 489.7k $318.1m | Added +198.7k |
| Burgundy Asset Management Ltd. 2.60% of their portfolio | 444.0k $275.3m | Reduced -86.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.93% of their portfolio | 420.1k $272.8m | Reduced -100.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 415.7k $270.0m | Reduced -74.4k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 411.1k $267.0m | Reduced -44.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.23% of their portfolio | 407.3k $262.2m | Added +12.2k |
| LORD, ABBETT & CO. LLC 0.75% of their portfolio | 388.6k $252.4m | Reduced -84.7k |
| AMERICAN CENTURY COMPANIES INC 0.12% of their portfolio | 354.4k $230.2m | Added +4.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 332.6k $216.1m | Reduced -15.4k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 322.1k $209.2m | Added +125.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.33% of their portfolio | 320.4k $208.1m | Added +18.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.82% of their portfolio | 318.2k $206.7m | Added +5.4k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 310.5k $201.7m | Reduced -26.7k |
| CITADEL ADVISORS LLC 0.16% of their portfolio | 305.6k $198.5m | Added +83.5k |
| FEDERATED HERMES, INC. 0.34% of their portfolio | 296.8k $192.8m | Reduced -25.7k |
| Caisse de depot et placement du Quebec 0.35% of their portfolio | 296.0k $192.3m | Reduced -40.0k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 294.9k $191.6m | Reduced -69.0k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 289.9k $188.3m | Added +171.5k |
| Epoch Investment Partners, Inc. 1.01% of their portfolio | 283.0k $183.8m | Added +31.9k |
| MILLENNIUM MANAGEMENT LLC 0.14% of their portfolio | 272.2k $176.8m | Added +163.2k |
| TD Asset Management Inc 0.14% of their portfolio | 271.9k $176.6m | Added +17.0k |
| TimesSquare Capital Management, LLC 2.45% of their portfolio | 264.2k $171.6m | Reduced -16.2k |
| Man Group plc 0.31% of their portfolio | 247.7k $160.9m | Reduced -94.5k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 236.0k $153.3m | Reduced -324.8k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 224.8k $146.0m | Reduced -55.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 218.8k $142.1m | Added +91.6k |
| Swedbank AB 0.14% of their portfolio | 215.7k $140.1m | Added +20 |
| Nuveen, LLC 0.04% of their portfolio | 215.5k $140.0m | Added +29.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 207.6k $134.8m | Reduced -75.5k |
| CONGRESS ASSET MANAGEMENT CO 0.87% of their portfolio | 201.7k $131.0m | Reduced -36.4k |
| Russell Investments Group, Ltd. 0.13% of their portfolio | 182.6k $118.5m | Added +862 |
| Clark Capital Management Group, Inc. 0.72% of their portfolio | 177.0k $115.0m | Reduced -10.5k |
| UBS Group AG 0.02% of their portfolio | 173.1k $112.4m | Added +6.9k |
| Legal & General Group Plc 0.03% of their portfolio | 172.2k $111.9m | Reduced -6.5k |
| Amundi 0.04% of their portfolio | 167.6k $112.3m | Added +12.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 166.3k $108.0m | Reduced -17.8k |
| Allianz Asset Management GmbH 0.13% of their portfolio | 164.5k $106.8m | Reduced -72.8k |
| ZACKS INVESTMENT MANAGEMENT 0.74% of their portfolio | 142.6k $92.6m | Added +61 |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 2.24% of their portfolio | 142.1k $92.3m | Reduced -13.1k |
| KBC Group NV 0.22% of their portfolio | 141.1k $91.7m | Added +9.7k |
| BI Asset Management Fondsmaeglerselskab A/S 0.80% of their portfolio | 135.8k $88.2m | Added +14.0k |
| Pacer Advisors, Inc. 0.23% of their portfolio | 135.6k $88.1m | Reduced -63.9k |
| Swiss National Bank 0.05% of their portfolio | 129.0k $83.8m | Reduced -8.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 125.4k $81.5m | Reduced -24.7k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 125.3k $81.4m | Added +58.4k |
| BARCLAYS PLC 0.03% of their portfolio | 125.0k $81.2m | Added +82.3k |
| PANAGORA ASSET MANAGEMENT INC 0.31% of their portfolio | 116.6k $75.7m | Reduced -2.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.19% of their portfolio | 113.3k $73.3m | Added +35.3k |
| VALUE HOLDINGS MANAGEMENT CO. LLC 11.73% of their portfolio | 112.7k $73.2m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 106.6k $69.2m | Added +77.6k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 105.2k $68.3m | Reduced -1.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 102.0k $66.2m | Added +7.0k |
| Bridgewater Associates, LP 0.26% of their portfolio | 101.7k $66.0m | Reduced -106.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.17% of their portfolio | 99.9k $64.9m | Added +12.2k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 98.7k $64.1m | Reduced -6.6k |
| Fiera Capital Corp 0.20% of their portfolio | 96.7k $62.8m | Reduced -340 |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 96.3k $62.6m | Reduced -40.3k |
| California Public Employees Retirement System 0.04% of their portfolio | 96.1k $62.5m | Added +2.6k |
| AXA Investment Managers S.A. 0.17% of their portfolio | 95.3k $61.9m | First filing |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 90.2k $58.6m | Added +51.0k |
| LPL Financial LLC 0.02% of their portfolio | 86.2k $56.0m | Added +16.8k |
| AustralianSuper Pty Ltd 0.26% of their portfolio | 85.9k $55.8m | Reduced -17.1k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 84.2k $54.7m | Reduced -22.3k |
| Robeco Institutional Asset Management B.V. 0.07% of their portfolio | 77.1k $50.1m | Reduced -33.3k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.21% of their portfolio | 75.7k $49.2m | Added +16.3k |
| Aware Super Pty Ltd as trustee of Aware Super 0.65% of their portfolio | 72.7k $47.3m | Reduced -6.8k |
| RENAISSANCE GROUP LLC 1.70% of their portfolio | 69.2k $45.0m | Reduced -21.1k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 69.2k $44.9m | Added +2.2k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.18% of their portfolio | 68.9k $44.8m | Reduced -12.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 68.8k $44.7m | Added +8.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 67.4k $43.8m | Reduced -3.6k |
| LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio | 63.4k $41.2m | Added +23.5k |
| Korea Investment CORP 0.08% of their portfolio | 62.1k $40.4m | Added +7.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 61.6k $40.0m | Reduced -16.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 61.5k $39.9m | Reduced -77.9k |
| KIRR MARBACH & CO LLC /IN/ 7.15% of their portfolio | 60.9k $39.6m | Added +458 |
| Gotham Asset Management, LLC 0.17% of their portfolio | 60.8k $39.5m | Added +13.1k |
| STOCK YARDS BANK & TRUST CO 1.23% of their portfolio | 60.6k $39.4m | Added +429 |
| COOKSON PEIRCE & CO INC 1.61% of their portfolio | 60.5k $39.3m | Added +1.3k |
| Assenagon Asset Management S.A. 0.06% of their portfolio | 59.9k $38.9m | Reduced -20.4k |
| Orbis Allan Gray Ltd 0.17% of their portfolio | 59.6k $38.7m | Added +12.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 58.9k $38.2m | Added +33.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.08% of their portfolio | 58.7k $38.1m | Reduced -10.1k |
| OSAIC HOLDINGS, INC. 0.05% of their portfolio | 56.3k $36.2m | Added +29.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 55.1k $35.8m | Added +2.1k |