EMC Capital Management

Hedge Fund • Multi-Strategy

EMC Capital Management is a Multi-Strategy Hedge Fund based in Houston, TX led by Ajay Nmn Jain, managing $210.2M across 299 long positions as of Q3 2025 with 53% ETF concentration, 77% concentrated in top 10 holdings, and 24% allocation to VOO.

FounderAjay Nmn Jain

Portfolio Value: $210.2M
Positions: 299
Top Holding: VOO at 24.29%
Last Reported: Q3 2025

Address6363 Woodway Drive, Suite 763, Houston, TX, 77057, United States

Top Holdings

Largest long holdings in EMC Capital Management's portfolio (76.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard S&P 500 ETF VOO	ETF ETF	$51.1M	24.29%	-$1.1M Sold	— 83.4K shares	Q4 2020 Held for 4y 11m
2 Invesco QQQ Trust QQQ	ETF ETF	$35.3M	16.79%	+$14.4K Bought	— 58.8K shares	Q4 2020 Held for 4y 11m
3 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$25.7M	12.21%	+$24.4K Bought	0.00% 105.4K shares	Q2 2021 Held for 4y 5m
4 Vanguard Growth VUG	ETF ETF	$20.5M	9.75%	+$4.7M Bought	— 42.7K shares	Q4 2022 Held for 2y 11m
5 Amazon AMZN	Specialty Retail Consumer Cyclical	$18.9M	9.01%	—	0.00% 86.2K shares	Q2 2021 Held for 4y 5m
6 Nvidia NVDA	Semiconductors Technology	$3.5M	1.69%	—	0.00% 19.0K shares	Q1 2021 Held for 4y 8m
7 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$2.1M	0.99%	—	0.00% 11.4K shares	Q3 2023 Held for 2y 2m
8 SPDR S&P 500 ETF Trust SPY	ETF ETF	$2.0M	0.93%	—	— 2.9K shares	Q3 2022 Held for 3y 2m
9 CrowdStrike Holdings, Inc. CRWD	Software - Infrastructure Technology	$1.5M	0.70%	—	0.00% 3.0K shares	Q4 2020 Held for 4y 11m
10 The Trade Desk TTD	Software - Application Technology	$1.2M	0.57%	+$857.7K Bought	0.01% 24.7K shares	Q3 2021 Held for 4y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in EMC Capital Management's latest filing

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Market Value

$210.2M

Prior: $184.3M

Q/Q Change

+14.06%

+$25.9M

Net Flows % of MV

+2.73%

Turnover Ratio

2.9%

New Purchases

12 stocks

$1.9M

Added To

19 stocks

+$7.0M

Sold Out Of

8 stocks

$697.7K

Reduced Holdings

7 stocks

-$2.5M

Increased Positions

Position	Shares Δ	Change
1 UnitedHealth Group UNH	New	0 → 2.3K +$776.9K
2 Tempus AI, Inc. TEM	New	0 → 3.7K +$296.6K
3 Emerging Markets Internet ETF EMQQ	New	0 → 5.2K +$242.4K
4 BBT BB&T Corporation BBT	New	0 → 6.5K +$153.1K
5 Vanguard FTSE Emerging Markets VWO	New	0 → 2.6K +$142.1K

Decreased Positions

Position	Shares Δ	Change
1 SpartanNash SPTN	Sold	7.9K → 0 −$209.5K
2 Kellogg Company KLG	Sold	9.4K → 0 −$150.6K
3 BILL Holdings BILL	Sold	2.0K → 0 −$92.5K
4 Berkshire Hills Bancorp BHLB	Sold	3.6K → 0 −$91.3K
5 Brookline Bancorp BRKL	Sold	6.7K → 0 −$70.7K

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Analytics

Portfolio insights and performance metrics for EMC Capital Management

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Sector Allocation

ETF

52.70%

Communication Services

12.70%

Consumer Cyclical

11.50%

Technology

8.50%

Financial Services

5.80%

Healthcare

2.20%

Industrials

2.10%

Energy

1.50%

Real Estate

1.40%

Consumer Defensive

0.70%

Basic Materials

0.50%

Utilities

0.20%

Market Cap Distribution

Mega Cap (> $200B)

25.99%

Large Cap ($10B - $200B)

4.69%

Mid Cap ($2B - $10B)

11.05%

Small Cap ($300M - $2B)

5.20%

Micro Cap ($50M - $300M)

0.14%

Nano Cap (< $50M)

0.20%

N/A (ETF or Unknown)

52.73%

Portfolio Concentration

Top 10 Holdings %

76.93%

Top 20 Holdings %

80.4%

Top 50 Holdings %

85.54%

Top 100 Holdings %

90.91%