EMC Capital Management

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed March 9, 2026), EMC Capital Management reported 304 stock positions worth $225.1 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 23.8% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 16.4%) and Alphabet Class C (GOOG, 15.4%). Compared with Q3 2025, it opened 12 new positions, sold out of 15, added to 23 and reduced 243. The biggest buy was a new position in iShares Russell 2000 ETF (IWM) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −25%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001847772
Portfolio Value
$225.1M (Q4 2025)
SEC Filing
0001847772-26-000002 ↗ filed Mar 9, 2026

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 Q3 2025 Q4 2025: $225.1M $225.1M Q4 2025 Q2 2026: $253.3M Q2 2026

Holdings 304 stocks · $225.1M
VOO Vanguard S&P 500 ETF 23.80% 84,254 $53.6M Add +1.1%
QQQ Invesco QQQ Trust Series 1 16.36% 59,149 $36.8M Add +0.6%
GOOG Alphabet Inc. Class C 15.40% 105,350 $34.7M No change
AMZN Amazon.com Inc. 9.26% 84,235 $20.8M Reduce -2.3%
VUG Vanguard Mrngstar GR ETF-Sui 6.96% 32,079 $15.7M Reduce -24.9%
NVDA Nvidia Corp. 2.39% 29,100 $5.4M Add +53.2%
IWM iShares Russell 2000 ETF 2.04% 18,658 $4.6M New
SPY SS SPDR S&P 500 ETF Trust-US 0.90% 2,935 $2.0M No change
PLTR Palantir Technologies Inc. Class A 0.90% 11,362 $2.0M No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.84% 50,951 $1.9M Add +106.7%
IWC iShares Micro-Cap ETF 0.82% 11,741 $1.9M New
CRWD CrowdStrike Holdings Inc. Class A 0.63% 3,000 $1.4M No change
NFLX Netflix Inc. 0.57% 14,250 $1.3M Add +2750.0%
ORCL Oracle Corp. 0.41% 4,600 $913K Add +53.3%
AVGO Broadcom Inc. 0.38% 2,500 $862K Add +25.0%
ZS Zscaler Inc. 0.36% 3,780 $819K Add +779.1%
RKT Rocket Cos Inc. Class A 0.34% 39,971 $774K New
ARKW ARK Next Generation Technolo 0.32% 4,880 $728K Reduce -1.1%
TSLA Tesla Inc. 0.30% 1,500 $668K Add +15.4%
UNH Unitedhealth Group Inc. 0.28% 1,850 $636K Reduce -17.8%
MU Micron Technology Inc. 0.27% 1,750 $604K Reduce -61.1%
MDB Mongodb Inc. 0.25% 1,370 $559K Reduce -42.2%
UPST Upstart Holdings Inc. 0.24% 11,050 $543K Add +12.2%
SANM Sanmina Corp. 0.22% 3,329 $500K Reduce -15.0%
JAZZ Jazz Pharmaceuticals PLC 0.21% 2,751 $468K Reduce -15.0%
SHOP Shopify Inc. Class A 0.21% 2,825 $465K No change
CNO Cno Financial Group Inc. 0.20% 10,768 $457K Reduce -15.0%
MSFT Microsoft Corp. 0.19% 909 $436K No change
R Ryder System Inc. 0.19% 2,237 $428K Reduce -15.0%
UGI Ugi Corp. 0.18% 11,109 $416K Reduce -15.0%
EXEL Exelixis Inc. 0.18% 9,034 $396K Reduce -15.0%
MTG Mgic Investment Corp. 0.17% 13,363 $390K Reduce -15.0%
AAPL Apple Inc. 0.17% 1,470 $381K Add +0.1%
ARM Arm Holdings PLC-ADR 0.16% 3,250 $363K Reduce -16.7%
MRVL Marvell Technology Inc. 0.16% 4,300 $358K Add +290.9%
AMKR Amkor Technology Inc. 0.15% 8,791 $347K Reduce -15.0%
ASB Associated Banc-Corp. 0.15% 12,837 $331K Reduce -15.0%
META Meta Platforms Inc. Class A 0.15% 504 $329K Add +65.8%
BPOP Popular Inc. 0.14% 2,603 $324K Reduce -8.9%
CRUS Cirrus Logic Inc. 0.14% 2,602 $308K Reduce -15.0%
PRIM Primoris Services Corp. 0.12% 2,254 $280K Reduce -15.0%
COLB Columbia Banking System Inc. 0.12% 9,820 $274K Reduce -15.0%
UTHR United Therapeutics Corp. 0.12% 555 $270K Reduce -15.0%
NFG National Fuel Gas Co. 0.12% 3,323 $266K Reduce -15.0%
NTB Bank of N.T. Butterfield&son 0.12% 5,327 $265K Reduce -15.0%
NXST Nexstar Media Group Inc. 0.12% 1,289 $262K Reduce -15.0%
PLAB Photronics Inc. 0.12% 8,198 $262K Reduce -15.0%
AMG Affiliated Managers Group 0.12% 902 $260K Reduce -15.0%
HWC Hancock Whitney Corp. 0.11% 4,034 $257K Reduce -15.0%
BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA 0.11% 5,757 $257K Reduce -15.0%
ZION Zions Bancorp NA 0.11% 4,341 $254K Reduce -15.0%
FHN First Horizon Corp. 0.11% 10,600 $253K Reduce -15.0%
OSK Oshkosh Corp. 0.11% 1,980 $249K Reduce -15.0%
NOW ServiceNow Inc. 0.11% 1,750 $248K Add +40.0%
JXN Jackson Financial Inc. Class A 0.11% 2,294 $245K Reduce -15.0%
AXS Axis Capital Holdings Ltd. 0.11% 2,277 $244K Reduce -15.0%
HALO Halozyme Therapeutics Inc. 0.11% 3,532 $238K Reduce -15.0%
RDN Radian Group Inc. 0.10% 6,531 $235K Reduce -15.0%
SNOW Snowflake Inc. 0.10% 1,060 $232K Reduce -65.4%
ABBV Abbvie Inc. 0.10% 1,036 $228K Add +0.7%
INGR Ingredion Inc. 0.10% 2,069 $228K Reduce -15.0%
U Unity Software Inc. 0.10% 5,000 $223K No change
CNX CNX Resources Corp. 0.10% 6,017 $221K Reduce -15.0%
HAFC Hanmi Financial Corporation 0.10% 8,115 $219K Reduce -15.0%
DINO HF Sinclair Corp. 0.10% 4,722 $218K Reduce -15.0%
OUT Outfront Media Inc. 0.10% 9,063 $218K Reduce -15.0%
OZK Bank Ozk 0.10% 4,722 $217K Reduce -15.0%
KBH KB Home 0.10% 3,803 $215K Reduce -15.0%
OFG Ofg Bancorp 0.10% 5,231 $214K Reduce -15.0%
MLI Mueller Industries Inc. 0.09% 1,850 $212K Reduce -15.0%
CSGS CSG Systems Intl Inc. 0.09% 2,711 $208K Reduce -15.0%
GIII G-III Apparel Group Ltd. 0.09% 7,109 $206K Reduce -15.0%
GTES Gates Industrial Corp. UK Ltd. 0.09% 9,461 $203K Reduce -15.0%
FBP First Bancorp Puerto Rico 0.09% 9,693 $201K Reduce -15.0%
TPH Tri Pointe Homes Inc. 0.09% 6,248 $197K Reduce -15.0%
HRMY Harmony Biosciences Holdings 0.09% 5,248 $196K Reduce -15.0%
AGCO Agco Corp. 0.09% 1,873 $195K Reduce -15.0%
EPR Epr Properties filed as EPR PPTYS 0.09% 3,879 $194K Reduce -15.0%
MTDR Matador Resources Co. 0.09% 4,545 $193K Reduce -15.0%
MAT Mattel Inc. 0.09% 9,715 $193K Reduce -15.0%
AVT Avnet Inc. 0.08% 3,941 $189K Reduce -15.0%
BWA Borgwarner Inc. 0.08% 4,185 $189K Reduce -15.0%
EIG Employers Holdings Inc. 0.08% 4,207 $182K Reduce -15.0%
SNX TD Synnex Corp. 0.08% 1,191 $179K Reduce -15.0%
LIVN Livanova PLC 0.08% 2,907 $179K Reduce -15.0%
QCOM Qualcomm Inc. 0.08% 1,000 $178K No change
HP Helmerich & Payne 0.08% 6,162 $177K Reduce -15.0%
SBRA Sabra Health Care REIT Inc. 0.08% 9,346 $177K Reduce -15.0%
PSMT Pricesmart Inc. 0.08% 1,433 $176K Reduce -15.0%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.08% 1,667 $172K Reduce -9.9%
CPF Central Pacific Financial Co. 0.08% 5,508 $172K Reduce -15.0%
GPOR Gulfport Energy Corp. 0.08% 821 $171K Reduce -15.0%
ABM Abm Industries Inc. 0.08% 4,022 $170K Reduce -15.0%
NOV Nov Inc. 0.08% 10,849 $170K Reduce -15.0%
TDC Teradata Corp. 0.08% 5,540 $169K Reduce -15.0%
LBRT Liberty Energy Inc. 0.07% 8,987 $166K Reduce -12.1%
WKC World Kinect Corp. 0.07% 7,040 $165K Reduce -15.0%
CSV Carriage Services Inc. 0.07% 3,869 $164K Reduce -15.0%
ATKR Atkore Inc. 0.07% 2,578 $163K Reduce -15.0%
CSTM Constellium SE 0.07% 8,629 $163K Reduce -15.0%

Show all 304 holdings

Portfolio Sells Q3 2025 → Q4 2025
VUG Vanguard Mrngstar GR ETF-Sui Reduce -24.9% 6.96% −2.73
COOP Mr Cooper Group Inc. Sold out 0.00% −0.43
SNOW Snowflake Inc. Reduce -65.4% 0.10% −0.22
VTV Vanguard Mrngstr Val ETF-Aui Reduce -89.3% 0.02% −0.15
VRNA Verona Pharma Ltd. Sold out 0.00% −0.13
TEM Tempus AI Inc. Class A Reduce -86.4% 0.01% −0.13
EMQQ Emg MKT Internet ETF-USA Inc. Sold out 0.00% −0.11
ARM Arm Holdings PLC-ADR Reduce -16.7% 0.16% −0.10
MDB Mongodb Inc. Reduce -42.2% 0.25% −0.10
PREMIER INC-CLASS A Sold out 0.00% −0.10
OSCR Oscar Health Inc. Class A Reduce -80.2% 0.02% −0.10
MU Micron Technology Inc. Reduce -61.1% 0.27% −0.09
CE Celanese Corp. Sold out 0.00% −0.09
UNH Unitedhealth Group Inc. Reduce -17.8% 0.28% −0.09
ARKW ARK Next Generation Technolo Reduce -1.1% 0.32% −0.08
ALAB Astera Labs Inc. Reduce -75.0% 0.02% −0.07
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.07
VEU Vanguard Ftse All-World Ex-U Sold out 0.00% −0.06
KWEB Kranesh Csi China Internet Sold out 0.00% −0.06
CVSA Covista Inc. Reduce -9.9% 0.08% −0.06
NFG National Fuel Gas Co. Reduce -15.0% 0.12% −0.05
PRIM Primoris Services Corp. Reduce -15.0% 0.12% −0.05
R Ryder System Inc. Reduce -15.0% 0.19% −0.04
CRUS Cirrus Logic Inc. Reduce -15.0% 0.14% −0.04
PRDO Perdoceo Education Corp. Reduce -15.0% 0.07% −0.04
OGN Organon & Co. Reduce -15.0% 0.05% −0.04
DINO HF Sinclair Corp. Reduce -15.0% 0.10% −0.04
GTES Gates Industrial Corp. UK Ltd. Reduce -15.0% 0.09% −0.04
UBER Uber Technologies Inc. Reduce -29.4% 0.05% −0.04
KBH KB Home Reduce -15.0% 0.10% −0.04
EPR Epr Properties Reduce -15.0% 0.09% −0.04
INGR Ingredion Inc. Reduce -15.0% 0.10% −0.04
HALO Halozyme Therapeutics Inc. Reduce -15.0% 0.11% −0.04
MTG Mgic Investment Corp. Reduce -15.0% 0.17% −0.04
OZK Bank Ozk Reduce -15.0% 0.10% −0.04
ASB Associated Banc-Corp. Reduce -15.0% 0.15% −0.04
PDD PDD Holdings Inc. Reduce -50.0% 0.03% −0.04
CNO Cno Financial Group Inc. Reduce -15.0% 0.20% −0.03
BLX Bladex Inc. Reduce -15.0% 0.11% −0.03
PVH PVH Corp. Reduce -15.0% 0.06% −0.03
OSK Oshkosh Corp. Reduce -15.0% 0.11% −0.03
HIW Highwoods Properties Inc. Reduce -15.0% 0.06% −0.03
EXEL Exelixis Inc. Reduce -15.0% 0.18% −0.03
OFG Ofg Bancorp Reduce -15.0% 0.10% −0.03
TPH Tri Pointe Homes Inc. Reduce -15.0% 0.09% −0.03
HOG Harley-Davidson Inc. Reduce -15.0% 0.04% −0.03
MRNA Moderna Inc. Sold out 0.00% −0.03
ODP The Odp Corp. Sold out 0.00% −0.03
AVT Avnet Inc. Reduce -15.0% 0.08% −0.03
FBP First Bancorp Puerto Rico Reduce -15.0% 0.09% −0.03

Portfolio Buys Q3 2025 → Q4 2025
IWM iShares Russell 2000 ETF New 2.04% +2.04
IWC iShares Micro-Cap ETF New 0.82% +0.82
NVDA Nvidia Corp. Add +53.2% 2.39% +0.71
NFLX Netflix Inc. Add +2750.0% 0.57% +0.54
RKT Rocket Cos Inc. Class A New 0.34% +0.34
ZS Zscaler Inc. Add +779.1% 0.36% +0.30
TTD Trade Desk Inc./the Class A Add +106.7% 0.84% +0.27
MRVL Marvell Technology Inc. Add +290.9% 0.16% +0.12
AVGO Broadcom Inc. Add +25.0% 0.38% +0.07
COIN Coinbase Global Inc. Class A New 0.05% +0.05
OXY Occidental Petroleum Corp. New 0.04% +0.04
META Meta Platforms Inc. Class A Add +65.8% 0.15% +0.04
XYZ Block Inc. New 0.03% +0.03
TSLA Tesla Inc. Add +15.4% 0.30% +0.02
RVPH Reviva Pharmaceuticals Holdi New 0.02% +0.02
CRC California Resources Corp. New 0.02% +0.02
GOOGL Alphabet Inc. Class A New 0.01% +0.01
MP MP Materials Corp. New 0.01% +0.01
NRG NRG Energy Inc. New 0.01% +0.01
LYB Lyondellbasell Indu Class A Add +46.7% 0.05% +0.01
MO Altria Group Inc. Add +100.0% 0.03% +0.01
ORCL Oracle Corp. Add +53.3% 0.41% +0.01
UPST Upstart Holdings Inc. Add +12.2% 0.24% +0.00
CRCL Circle Internet Group Inc. Add +292.2% 0.01% +0.00
GEO The Geo Group Inc. Add +250.0% 0.01% +0.00
ACHR Archer Aviation Inc. Class A Add +22.5% 0.05% +0.00
HOOD Robinhood Markets Inc. Class A Add +66.7% 0.01% +0.00
NBIS Nebius Group NV New 0.00% +0.00
NOW ServiceNow Inc. Add +40.0% 0.11% +0.00
TCEHY Tencent Holdings Ltd.-Uns ADR Add +20.0% 0.02% +0.00
VXUS Vanguard Total Intl Stock Add +2.0% 0.01% 0.00
AAPL Apple Inc. Add +0.1% 0.17% −0.01
ABBV Abbvie Inc. Add +0.7% 0.10% −0.01
QQQ Invesco QQQ Trust Series 1 Add +0.6% 16.36% −0.34
VOO Vanguard S&P 500 ETF Add +1.1% 23.80% −0.35

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