EMC Capital Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 20, 2025), EMC Capital Management reported 307 stock positions worth $211.4 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 24.2% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 16.7%) and Alphabet Class C (GOOG, 12.1%). Compared with Q2 2025, it opened 11 new positions, sold out of 6, added to 23 and reduced 8. The biggest buy was Alphabet Class C (GOOG, shares +0%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −2%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001847772
Portfolio Value
$211.4M (Q3 2025)
SEC Filing
0001847772-25-000005 ↗ filed Nov 20, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $167.2M Q1 2024 Q2 2024: $172.6M Q2 2024 Q3 2024: $152.2M Q3 2024 Q4 2024: $178.1M Q4 2024 Q1 2025: $166.1M Q1 2025 Q2 2025: $185.4M Q2 2025 Q3 2025: $211.4M $211.4M Q3 2025 Q4 2025: $225.1M Q4 2025 Q2 2026: $253.3M Q2 2026

Holdings 307 stocks · $211.4M
VOO Vanguard S&P 500 ETF 24.15% 83,371 $51.1M Reduce -2.2%
QQQ Invesco QQQ Trust Series 1 16.70% 58,798 $35.3M Add +0.0%
GOOG Alphabet Inc. Class C 12.14% 105,350 $25.7M Add +0.1%
VUG Vanguard Mrngstar GR ETF-Sui 9.69% 42,719 $20.5M Add +30.1%
AMZN Amazon.com Inc. 8.96% 86,235 $18.9M No change
NVDA Nvidia Corp. 1.68% 19,000 $3.5M No change
PLTR Palantir Technologies Inc. Class A 0.98% 11,362 $2.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.92% 2,935 $2.0M No change
CRWD CrowdStrike Holdings Inc. Class A 0.70% 3,000 $1.5M No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.57% 24,651 $1.2M Add +244.7%
COOP Mr Cooper Group Inc. 0.43% 4,275 $901K No change
ARKW ARK Next Generation Technolo 0.41% 4,935 $862K No change
ORCL Oracle Corp. 0.40% 3,000 $844K Add +50.0%
UNH Unitedhealth Group Inc. 0.37% 2,250 $777K New
MU Micron Technology Inc. 0.36% 4,500 $753K No change
MDB Mongodb Inc. 0.35% 2,370 $736K Reduce -56.3%
SNOW Snowflake Inc. 0.33% 3,060 $690K No change
AVGO Broadcom Inc. 0.31% 2,000 $660K No change
TSLA Tesla Inc. 0.27% 1,300 $578K Add +30.0%
ARM Arm Holdings PLC-ADR 0.26% 3,900 $552K Add +25.8%
CNO Cno Financial Group Inc. 0.24% 12,668 $501K No change
UPST Upstart Holdings Inc. 0.24% 9,850 $500K Add +14.5%
R Ryder System Inc. 0.24% 2,632 $497K No change
MSFT Microsoft Corp. 0.22% 909 $471K No change
SANM Sanmina Corp. 0.21% 3,917 $451K No change
MTG Mgic Investment Corp. 0.21% 15,721 $446K No change
EXEL Exelixis Inc. 0.21% 10,628 $439K No change
UGI Ugi Corp. 0.21% 13,069 $435K No change
JAZZ Jazz Pharmaceuticals PLC 0.20% 3,237 $427K No change
SHOP Shopify Inc. Class A 0.20% 2,825 $420K No change
ASB Associated Banc-Corp. 0.18% 15,102 $388K No change
CRUS Cirrus Logic Inc. 0.18% 3,061 $384K No change
AAPL Apple Inc. 0.18% 1,469 $374K Add +15.8%
PRIM Primoris Services Corp. 0.17% 2,652 $364K No change
BPOP Popular Inc. 0.17% 2,856 $363K No change
NFG National Fuel Gas Co. 0.17% 3,910 $361K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.16% 1,860 $347K Add +830.0%
BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA 0.15% 6,773 $311K No change
HALO Halozyme Therapeutics Inc. 0.14% 4,155 $305K No change
OSK Oshkosh Corp. 0.14% 2,329 $302K No change
NXST Nexstar Media Group Inc. 0.14% 1,516 $300K No change
COLB Columbia Banking System Inc. 0.14% 11,553 $297K No change
HWC Hancock Whitney Corp. 0.14% 4,746 $297K No change
INGR Ingredion Inc. 0.14% 2,434 $297K No change
TEM Tempus AI Inc. Class A 0.14% 3,675 $297K New
AMKR Amkor Technology Inc. 0.14% 10,342 $294K No change
DINO HF Sinclair Corp. 0.14% 5,555 $291K No change
ZION Zions Bancorp NA 0.14% 5,107 $289K No change
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.14% 1,850 $286K No change
KBH KB Home 0.13% 4,474 $285K No change
OZK Bank Ozk 0.13% 5,555 $283K No change
FHN First Horizon Corp. 0.13% 12,471 $282K No change
RDN Radian Group Inc. 0.13% 7,684 $278K No change
GTES Gates Industrial Corp. UK Ltd. 0.13% 11,131 $276K No change
UTHR United Therapeutics Corp. 0.13% 653 $274K No change
JXN Jackson Financial Inc. Class A 0.13% 2,699 $273K No change
NTB Bank of N.T. Butterfield&son 0.13% 6,267 $269K No change
OFG Ofg Bancorp 0.13% 6,154 $268K No change
VRNA Verona Pharma Ltd. 0.13% 2,500 $267K Reduce -23.6%
EPR Epr Properties filed as EPR PPTYS 0.13% 4,563 $265K No change
AXS Axis Capital Holdings Ltd. 0.12% 2,679 $257K No change
AMG Affiliated Managers Group 0.12% 1,061 $253K No change
FBP First Bancorp Puerto Rico 0.12% 11,403 $251K No change
TPH Tri Pointe Homes Inc. 0.12% 7,351 $250K No change
OSCR Oscar Health Inc. Class A 0.12% 13,100 $248K Add +336.7%
AVT Avnet Inc. 0.11% 4,637 $242K No change
EMQQ Emg MKT Internet ETF-USA Inc. filed as EXCHANGE TRADED CONCEPTS TRU 0.11% 5,220 $242K New
MTDR Matador Resources Co. 0.11% 5,347 $240K No change
PRDO Perdoceo Education Corp. 0.11% 6,365 $240K No change
ABBV Abbvie Inc. 0.11% 1,029 $238K Add +0.9%
AGCO Agco Corp. 0.11% 2,203 $236K No change
HAFC Hanmi Financial Corporation 0.11% 9,547 $236K No change
NOW ServiceNow Inc. 0.11% 250 $230K Add +66.7%
SNX TD Synnex Corp. 0.11% 1,401 $229K No change
CNX CNX Resources Corp. 0.11% 7,079 $227K No change
META Meta Platforms Inc. Class A 0.11% 304 $223K No change
GIII G-III Apparel Group Ltd. 0.11% 8,363 $223K No change
PLAB Photronics Inc. 0.10% 9,645 $221K No change
MLI Mueller Industries Inc. 0.10% 2,176 $220K No change
ABM Abm Industries Inc. 0.10% 4,732 $218K No change
BWA Borgwarner Inc. 0.10% 4,923 $216K No change
WKC World Kinect Corp. 0.10% 8,282 $215K No change
EIG Employers Holdings Inc. 0.10% 4,950 $210K No change
PREMIER INC-CLASS A 0.10% 7,521 $209K No change
CSGS CSG Systems Intl Inc. 0.10% 3,189 $205K No change
SBRA Sabra Health Care REIT Inc. 0.10% 10,995 $205K No change
PSMT Pricesmart Inc. 0.10% 1,686 $204K No change
CSV Carriage Services Inc. 0.10% 4,552 $203K No change
UBER Uber Technologies Inc. 0.09% 2,040 $200K No change
U Unity Software Inc. 0.09% 5,000 $200K No change
CUZ Cousins Properties Inc. 0.09% 6,861 $199K No change
CPF Central Pacific Financial Co. 0.09% 6,480 $197K No change
ALAB Astera Labs Inc. 0.09% 1,000 $196K Reduce -52.4%
OUT Outfront Media Inc. 0.09% 10,662 $195K No change
VNT Vontier Corp. 0.09% 4,624 $194K No change
HIW Highwoods Properties Inc. 0.09% 6,025 $192K No change
MAT Mattel Inc. 0.09% 11,430 $192K No change
OGN Organon & Co. 0.09% 17,843 $191K No change
ATKR Atkore Inc. 0.09% 3,033 $190K No change
PVH PVH Corp. 0.09% 2,264 $190K No change

Show all 307 holdings

Portfolio Sells Q2 2025 → Q3 2025
VOO Vanguard S&P 500 ETF Reduce -2.2% 24.15% −1.95
MDB Mongodb Inc. Reduce -56.3% 0.35% −0.27
SPTN Spartannash Co. Sold out 0.00% −0.11
MRNA Moderna Inc. Reduce -72.2% 0.03% −0.10
KLG WK Kellogg Co. Sold out 0.00% −0.08
BILL Bill Holdings Inc. Sold out 0.00% −0.05
VRNA Verona Pharma Ltd. Reduce -23.6% 0.13% −0.04
BROOKLINE BANCORP INC Sold out 0.00% −0.04
SNAP Snap Inc. Class A Sold out 0.00% −0.02
ADBE Adobe Inc. Sold out 0.00% −0.02
IBIT iShares Bitcoin Trust ETF Reduce -23.3% 0.05% −0.02
UNIT Uniti Group Inc. Reduce -39.7% 0.03% −0.01
ALAB Astera Labs Inc. Reduce -52.4% 0.09% −0.01
ARKG ARK Genomic Revolution ETF Reduce -22.1% 0.00% −0.00

Portfolio Buys Q2 2025 → Q3 2025
GOOG Alphabet Inc. Class C Add +0.1% 12.14% +2.07
VUG Vanguard Mrngstar GR ETF-Sui Add +30.1% 9.69% +1.93
UNH Unitedhealth Group Inc. New 0.37% +0.37
TTD Trade Desk Inc./the Class A Add +244.7% 0.57% +0.29
ORCL Oracle Corp. Add +50.0% 0.40% +0.16
VTV Vanguard Mrngstr Val ETF-Aui Add +830.0% 0.16% +0.15
TEM Tempus AI Inc. Class A New 0.14% +0.14
EMQQ Emg MKT Internet ETF-USA Inc. New 0.11% +0.11
TSLA Tesla Inc. Add +30.0% 0.27% +0.10
OSCR Oscar Health Inc. Class A Add +336.7% 0.12% +0.08
VWO Vanguard Ftse Emerging Marke New 0.07% +0.07
VEU Vanguard Ftse All-World Ex-U New 0.06% +0.06
KWEB Kranesh Csi China Internet New 0.06% +0.06
AAPL Apple Inc. Add +15.8% 0.18% +0.04
PDD PDD Holdings Inc. Add +100.0% 0.06% +0.03
NOW ServiceNow Inc. Add +66.7% 0.11% +0.03
BBT Beacon Financial Corp. Add +77.2% 0.07% +0.02
ZS Zscaler Inc. Add +87.0% 0.06% +0.02
LYB Lyondellbasell Indu Class A Add +200.0% 0.04% +0.02
MO Altria Group Inc. New 0.02% +0.02
CE Celanese Corp. Add +72.0% 0.09% +0.01
ABBV Abbvie Inc. Add +0.9% 0.11% +0.01
HOOD Robinhood Markets Inc. Class A New 0.01% +0.01
DOCU Docusign Inc. Add +200.0% 0.01% +0.01
CRCL Circle Internet Group Inc. New 0.00% +0.00
VXUS Vanguard Total Intl Stock Add +33.8% 0.01% +0.00
GEO The Geo Group Inc. New 0.00% +0.00
NVTS Navitas Semiconductor Corp. New 0.00% +0.00
BYDDY BYD Co. Ltd.-Unsponsored ADR Add +40.0% 0.01% +0.00
REVIVA PHARMACEUTCLS HLDGS I Add +0.4% 0.02% −0.00
ACHR Archer Aviation Inc. Class A Add +11.0% 0.05% −0.01
ARM Arm Holdings PLC-ADR Add +25.8% 0.26% −0.01
UPST Upstart Holdings Inc. Add +14.5% 0.24% −0.06
QQQ Invesco QQQ Trust Series 1 Add +0.0% 16.70% −0.79

Notes & Other Activity Q2 2025 → Q3 2025
VSSYW Versus Systems -CW26 *W EXP 11/22/202 Sold out 18,270 $1Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 53$253.3MVOO, QQQ, IWM, GOOG, AMZN
Q4 2025 304$225.1MVOO, QQQ, GOOG, AMZN, VUG
Q3 2025 307$211.4MVOO, QQQ, GOOG, VUG, AMZN
Q2 2025 302$185.4MVOO, QQQ, AMZN, GOOG, VUG
Q1 2025 287$166.1MVOO, QQQ, GOOG, AMZN, VUG
Q4 2024 287$178.1MVOO, QQQ, GOOG, AMZN, VUG
Q3 2024 273$152.2MVUG, GPOR, AMZN, RIVN, ODP
Q2 2024 273$172.6MVOO, QQQ, GOOG, AMZN, VUG
Q1 2024 279$167.2MVOO, QQQ, GOOG, AMZN, VUG