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 ($225.7m 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 ≈ $612.34. Options: 15 managers hold calls ($189.9m notional), 15 hold puts ($136.7m).
Trends to Q4 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 |
| Q4 2025 | 1,097 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 534 | 495 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $112.8m | $85.5m | 0.76 |
| Q2 2025 | $127.6m | $111.6m | 0.87 |
| Q3 2025 | $221.4m | $137.9m | 0.62 |
| Q4 2025 | $189.9m | $136.7m | 0.72 |
Biggest buyers
| BANK OF MONTREAL /CAN/ | Added | +453.9k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +327.6k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +307.5k |
| EARNEST PARTNERS LLC | New | +256.2k |
| TrinityBridge Ltd | New | +203.6k |
| HSBC HOLDINGS PLC | Added | +153.8k |
| Amundi | Added | +153.6k |
| BARCLAYS PLC | Added | +137.2k |
| AMERIPRISE FINANCIAL INC | Added | +137.0k |
| BANK OF AMERICA CORP /DE/ | Added | +118.3k |
Biggest sellers
| Select Equity Group, L.P. | Reduced | -273.3k |
| JPMORGAN CHASE & CO | Reduced | -262.0k |
| FMR LLC | Reduced | -215.9k |
| Qube Research & Technologies Ltd | Reduced | -198.5k |
| Allspring Global Investments Holdings, LLC | Reduced | -162.4k |
| Pacer Advisors, Inc. | Reduced | -124.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -119.5k |
| CITADEL ADVISORS LLC | Reduced | -112.2k |
| MACQUARIE GROUP LTD | Reduced | -111.9k |
| ROYAL BANK OF CANADA | Reduced | -99.3k |
Biggest calls
| IMC-Chicago, LLC | Added | $60.3m98.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $42.1m68.8k shares |
| CITADEL ADVISORS LLC | Reduced | $26.2m42.9k shares |
| JANE STREET GROUP, LLC | Reduced | $17.3m28.3k shares |
| Point72 Asset Management, L.P. | New | $12.2m19.9k shares |
| Squarepoint Ops LLC | Added | $10.1m16.5k shares |
| D. E. Shaw & Co., Inc. | Reduced | $8.1m13.2k shares |
| PEAK6 LLC | Added | $6.9m11.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.2m3.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.7m2.8k shares |
Biggest puts
| PEAK6 LLC | New | $30.0m49.0k shares |
| CITADEL ADVISORS LLC | Added | $25.3m41.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $21.8m35.7k shares |
| Point72 Asset Management, L.P. | New | $14.4m23.6k shares |
| GOLDMAN SACHS GROUP INC | New | $12.2m20.0k shares |
| JANE STREET GROUP, LLC | Reduced | $9.4m15.3k shares |
| Squarepoint Ops LLC | Added | $7.4m12.1k shares |
| IMC-Chicago, LLC | Reduced | $7.3m11.9k shares |
| SIMPLEX TRADING, LLC | Added | $2.4m3.9k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.1m3.5k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2025 | 0 | — | 2 | $897.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-23 | Lind Robert Peter VP and Controller | Sold | $2000 shares |
| 2025-11-03 | Walker-Lee Robin A Director | Sold | $897.3k1.3k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 5.3m $3.2bn | Reduced -38.2k |
| BlackRock, Inc. 0.04% of their portfolio | 4.0m $2.4bn | Added +84.7k |
| FMR LLC 0.08% of their portfolio | 2.4m $1.5bn | Reduced -215.9k |
| STATE STREET CORP 0.04% of their portfolio | 1.9m $1.2bn | Added +40.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 1.4m $869.3m | Added +7.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.44% of their portfolio | 1.3m $781.2m | Added +327.6k |
| Invesco Ltd. 0.05% of their portfolio | 799.3k $489.0m | Added +75.7k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.21% of their portfolio | 739.5k $452.4m | Reduced -51.7k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.76% of their portfolio | 727.5k $445.1m | Added +307.5k |
| AQR CAPITAL MANAGEMENT LLC 0.21% of their portfolio | 667.7k $408.5m | Added +40.2k |
| NORGES BANK 0.04% of their portfolio | 637.0k $389.7m | Not comparable |
| FIRST TRUST ADVISORS LP 0.26% of their portfolio | 587.5k $359.4m | Added +65.7k |
| BANK OF MONTREAL /CAN/ 0.14% of their portfolio | 560.5k $342.9m | Added +453.9k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 500.3k $306.1m | Added +3.1k |
| MORGAN STANLEY 0.02% of their portfolio | 497.3k $304.2m | Reduced -44.7k |
| Select Equity Group, L.P. 1.31% of their portfolio | 462.5k $283.0m | Reduced -273.3k |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 447.5k $273.8m | Added +137.0k |
| LORD, ABBETT & CO. LLC 0.80% of their portfolio | 423.8k $259.3m | Added +35.2k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 420.4k $257.2m | Added +9.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 397.2k $243.0m | Reduced -18.4k |
| DEUTSCHE BANK AG\ 0.08% of their portfolio | 394.6k $241.4m | Added +104.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.21% of their portfolio | 391.2k $241.6m | Reduced -16.0k |
| AMERICAN CENTURY COMPANIES INC 0.11% of their portfolio | 350.0k $214.1m | Reduced -4.4k |
| Allspring Global Investments Holdings, LLC 0.36% of their portfolio | 347.8k $222.1m | Reduced -162.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 337.4k $206.4m | Added +4.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 325.9k $199.4m | Added +118.3k |
| Amundi 0.05% of their portfolio | 321.2k $196.5m | Added +153.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.75% of their portfolio | 319.2k $195.3m | Added +985 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.29% of their portfolio | 317.9k $194.5m | Reduced -2.5k |
| Caisse de depot et placement du Quebec 0.32% of their portfolio | 310.6k $190.0m | Added +14.6k |
| Qube Research & Technologies Ltd 0.26% of their portfolio | 291.1k $178.1m | Reduced -198.5k |
| TD Asset Management Inc 0.14% of their portfolio | 287.8k $176.1m | Added +16.0k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 287.7k $176.0m | Reduced -7.2k |
| Epoch Investment Partners, Inc. 0.98% of their portfolio | 280.7k $171.7m | Reduced -2.3k |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 275.4k $168.5m | Added +3.2k |
| BARCLAYS PLC 0.06% of their portfolio | 262.3k $160.5m | Added +137.2k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 259.0k $158.6m | Added +153.8k |
| EARNEST PARTNERS LLC 0.67% of their portfolio | 256.2k $156.7m | New |
| TimesSquare Capital Management, LLC 2.31% of their portfolio | 250.6k $153.3m | Reduced -13.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 243.3k $148.9m | Reduced -262.0k |
| FEDERATED HERMES, INC. 0.25% of their portfolio | 243.0k $148.7m | Reduced -53.7k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 242.4k $148.3m | Reduced -79.8k |
| UBS Group AG 0.03% of their portfolio | 228.2k $139.6m | Added +55.1k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 227.9k $139.4m | Added +3.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.16% of their portfolio | 225.7k $138.1m | Added +112.4k |
| Swedbank AB 0.13% of their portfolio | 217.5k $133.0m | Added +1.8k |
| Nuveen, LLC 0.03% of their portfolio | 212.3k $129.9m | Reduced -3.2k |
| Allianz Asset Management GmbH 0.15% of their portfolio | 210.2k $128.6m | Added +45.7k |
| TrinityBridge Ltd 2.76% of their portfolio | 203.6k $124.6m | New |
| SEI INVESTMENTS CO 0.12% of their portfolio | 196.5k $120.2m | Added +97.8k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 193.4k $118.3m | Reduced -112.2k |
| KBC Group NV 0.26% of their portfolio | 184.8k $113.0m | Added +43.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 184.3k $112.7m | Added +18.0k |
| Clark Capital Management Group, Inc. 0.66% of their portfolio | 176.3k $107.8m | Reduced -769 |
| Legal & General Group Plc 0.02% of their portfolio | 169.3k $103.6m | Reduced -2.9k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 163.2k $99.9m | Reduced -19.3k |
| Man Group plc 0.19% of their portfolio | 161.3k $98.7m | Reduced -86.4k |
| CONGRESS ASSET MANAGEMENT CO 0.68% of their portfolio | 158.3k $96.8m | Reduced -43.4k |
| ZACKS INVESTMENT MANAGEMENT 0.70% of their portfolio | 145.7k $89.2m | Added +3.2k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 136.7k $83.6m | Reduced -99.3k |
| Fiera Capital Corp 0.25% of their portfolio | 129.4k $79.1m | Added +32.7k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 1.84% of their portfolio | 127.8k $78.2m | Reduced -14.3k |
| BI Asset Management Fondsmaeglerselskab A/S 0.68% of their portfolio | 126.6k $77.5m | Reduced -9.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 126.3k $77.2m | Added +57.5k |
| Swiss National Bank 0.04% of their portfolio | 122.7k $75.1m | Reduced -6.3k |
| Thrivent Financial for Lutherans 0.12% of their portfolio | 113.6k $69.5m | Added +98.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.25% of their portfolio | 112.8k $73.1m | Reduced -12.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 111.5k $68.2m | Added +111.1k |
| Value Aligned Research Advisors, LLC 1.39% of their portfolio | 111.1k $68.0m | Added +83.9k |
| National Pension Service 0.05% of their portfolio | 110.5k $67.6m | Added +72.1k |
| PFA Pension, Forsikringsaktieselskab 0.18% of their portfolio | 100.6k $62.1m | First filing |
| VALUE HOLDINGS MANAGEMENT CO. LLC 10.20% of their portfolio | 99.7k $61.0m | Reduced -13.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 99.3k $60.7m | Reduced -119.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 96.0k $58.7m | Reduced -6.0k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 95.5k $58.4m | Reduced -805 |
| California Public Employees Retirement System 0.03% of their portfolio | 95.2k $58.2m | Reduced -970 |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 94.6k $60.4m | Added +4.4k |
| PANAGORA ASSET MANAGEMENT INC 0.20% of their portfolio | 92.4k $56.5m | Reduced -24.2k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.33% of their portfolio | 91.6k $56.0m | Added +45.5k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.22% of their portfolio | 91.3k $55.8m | Added +15.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.15% of their portfolio | 91.1k $55.8m | Reduced -8.8k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 90.8k $55.6m | Added +6.6k |
| LPL Financial LLC 0.01% of their portfolio | 86.2k $52.7m | Reduced -48 |
| Bridgewater Associates, LP 0.18% of their portfolio | 81.4k $49.8m | Reduced -20.2k |
| AustralianSuper Pty Ltd 0.23% of their portfolio | 80.3k $49.1m | Reduced -5.7k |
| PBU - The Pension Fund of Early Childhood & Youth Educators 0.67% of their portfolio | 75.6k $46.2m | First filing |
| TREMBLANT CAPITAL GROUP 1.08% of their portfolio | 69.2k $42.3m | New |
| Gotham Asset Management, LLC 0.15% of their portfolio | 68.6k $42.0m | Added +7.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 66.6k $40.7m | Reduced -836 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.14% of their portfolio | 66.0k $40.4m | Reduced -2.9k |
| Vinva Investment Management Ltd 0.49% of their portfolio | 64.2k $39.6m | Added +11.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.08% of their portfolio | 63.8k $39.0m | Added +21.2k |
| STOCK YARDS BANK & TRUST CO 1.16% of their portfolio | 62.2k $38.1m | Added +1.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 61.5k $37.6m | Reduced -76 |
| KIRR MARBACH & CO LLC /IN/ 7.05% of their portfolio | 60.3k $36.9m | Reduced -620 |
| Goodlander Investment Management, LLC 14.02% of their portfolio | 60.0k $36.7m | New |
| COOKSON PEIRCE & CO INC 1.51% of their portfolio | 59.6k $36.4m | Reduced -985 |
| CIBC Private Wealth Group LLC 0.06% of their portfolio | 56.5k $34.6m | Added +9.5k |
| KLP KAPITALFORVALTNING AS 0.13% of their portfolio | 56.2k $34.4m | Added +5.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 55.3k $33.9m | Reduced -6.1k |