JG
Jain Global LLC's SEC 13F Portfolio ($24.2B)
Jain Global LLCCIK: 0002024579
Diversified strategyMomentum followerHigh-turnover trader
Total reported value
$24.2B
Reporting period: 2026-03-31 · Number of holdings: 1162
Jain Global LLC disclosed 1162 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $24.2B and a quarterly turnover rate of 86.6%.
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Personality snowflake
- Concentration
- 11.61
- Portfolio Stability
- 86.59
- Momentum/Contrarian
- 100
- Sector conviction
- 52.27
- Diversification
- 100
- Sizing Uniformity
- 47.84
Jain Global LLC's disclosed holdings carry a Herfindahl concentration index of 0.029 — mathematically equivalent to about 34 equally-sized positions, well below its 1162 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 5.22), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 43% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Recent moves
Add IWM
+183.0% $642.6M
Add SPY
+68.1% $791.2M
Add GLD
+38.9% $825.7M
Add META
+636.9% $357.3M
Add EEM
+55.7% $402.8M
Trim TSLA
-44.0% -$209.1M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Jain Global is orchestrating an aggressive momentum-driven rotation: dumping IVV (5.6% weight) to redeploy into SPY, IWM, EEM, and GLD—while adding META, AAPL, and initiating XLP. The 86.6% turnover and perfect 100 momentum score confirm this is a systematic trend-capture strategy, not a hedged macro play: capital is chasing relative strength across equities, gold, and staples with conviction-sized adds in the winners.
Macro & Fundamentals
The macro bet is a 'Goldilocks' continuation play: gold and consumer staples hedge inflation while small caps and EM ride growth momentum—all riding recent correlation regimes. Jain Global is pricing in a world where these trends persist without disruption. The opposing thesis is a regime shift—surging real rates or a growth miss—that breaks this correlation, forcing simultaneous losses across the gold hedge and risk-on bets, a classic reflexivity risk for factor-concentrated portfolios.
Blind Spots / Risks
Extreme factor crowding is the structural vulnerability here: with an 18.3 percentage point momentum tilt and 86.6% turnover, the portfolio is a one-way bet on recent winners. When that factor reverses—and factor reversals are historically violent—the forced unwinding across 971 names will compound losses, amplified by the lack of a contrarian buffer. The diversification masks a lethal concentration in a single factor that has gone consensus.
AI-assisted summary drawn from public regulatory disclosures, covering historical data only. Not a substitute for professional investment advice.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1162 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GLD | Spdr Gold Shares | ETF-Commodities | 10.13% | +2.27% | +38.88% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 8.68% | +2.34% | +68.14% | |
| 3 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 4.73% | +0.18% | +23.20% | |
| 4 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 4.36% | +1.20% | +55.74% | |
| 5 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 4.09% | +2.41% | +183.04% | |
| 6 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 2.89% | +0.59% | +37.53% | |
| 7 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 2.68% | — | +2.79% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.75% | +1.43% | +636.89% | |
| 9 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 1.63% | +0.47% | +63.63% | |
| 10 | BA | Boeing Co/the | Stock-Industrials | 1.56% | — | +12.26% | |
| 11 | XLE | Ss Energy Select Sector | ETF-Other | 1.52% | +0.85% | +94.67% | |
| 12 | MU | Micron Technology INC | Stock-Tech | 1.52% | +0.87% | +128.88% | |
| 13 | KWEB | Kranesh Csi China Internet | ETF-Emerging Markets | 1.49% | +0.93% | +270.09% | |
| 14 | XLF | Ss Financial Select Sector | ETF-Other | 1.34% | +0.16% | +47.53% | |
| 15 | AAPL | Apple INC | Stock-Tech | 1.33% | +1.07% | +540.03% | |
| 16 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 1.32% | +0.37% | +34.17% | |
| 17 | GDXJ | Vaneck Junior Gold Miners | ETF-Commodities | 1.24% | — | -2.29% | |
| 18 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 1.16% | +0.73% | +263.57% | |
| 19 | XBI | Ss Spdr S&p Biotech ETF | ETF-Tech | 1.14% | +0.62% | +144.44% | |
| 20 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 1.11% | +1.11% | NEW | |
| 21 | NOW | Servicenow INC | Stock-Tech | 0.99% | +0.99% | NEW | |
| 22 | XLK | Ss Technology Select Sector | ETF-Tech | 0.95% | — | +12.91% | |
| 23 | FXI | Ishares China Large-cap ETF | ETF-Emerging Markets | 0.94% | — | +14.13% | |
| 24 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.83% | — | -15.88% | |
| 25 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.79% | +0.71% | +1171.33% | |
| 26 | TSLA | Tesla INC | Stock-Consumer Disc | 0.75% | -1.13% | -43.96% | |
| 27 | CAT | Caterpillar INC | Stock-Industrials | 0.68% | — | -3.51% | |
| 28 | NVDA | Nvidia CORP | Stock-Tech | 0.68% | -1.00% | -49.49% | |
| 29 | XLB | Ss Materials Select Sector | ETF-Other | 0.60% | +0.60% | +14445.28% | |
| 30 | MSFT | Microsoft CORP | Stock-Tech | 0.59% | +0.32% | +240.68% | |
| 31 | XOM | Exxon Mobil CORP | Stock-Energy | 0.54% | +0.54% | NEW | |
| 32 | ORCL | Oracle CORP | Stock-Tech | 0.52% | +0.30% | +262.98% | |
| 33 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.52% | +0.52% | NEW | |
| 34 | NFLX | Netflix INC | Stock-Comm Services | 0.51% | +0.48% | +2030.03% | |
| 35 | KLAC | Kla CORP | Stock-Tech | 0.49% | — | +33.33% | |
| 36 | LRCX | Lam Research CORP | Stock-Tech | 0.47% | +0.39% | +435.92% | |
| 37 | GEV | GE Vernova INC | Stock-Industrials | 0.45% | +0.40% | +638.60% | |
| 38 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.45% | — | -25.10% | |
| 39 | ALB | Albemarle CORP | Stock-Materials | 0.44% | +0.43% | +3925.93% | |
| 40 | AMAT | Applied Materials INC | Stock-Tech | 0.43% | +0.41% | +1407.41% | |
| 41 | ASHR | Xtrackers Harvest Csi 300 Ch | ETF-Other | 0.39% | +0.39% | NEW | |
| 42 | AU | AngloGold Ashanti plc | Stock-Materials | 0.35% | -0.72% | -66.02% | |
| 43 | ATI | Ati INC | Stock-Industrials | 0.34% | — | -15.15% | |
| 44 | ASML | ASML Holding N.V. | Stock-Tech | 0.32% | — | +128.55% | |
| 45 | INTC | Intel CORP | Stock-Tech | 0.30% | +0.30% | NEW | |
| 46 | WDAY | Workday Inc-class A | Stock-Tech | 0.30% | +0.30% | NEW | |
| 47 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 0.30% | +0.30% | NEW | |
| 48 | HD | Home Depot INC | Stock-Consumer Disc | 0.29% | — | -39.05% | |
| 49 | C | Citigroup INC | Stock-Financials | 0.29% | — | +202.77% | |
| 50 | EWC | Ishares Msci Canada ETF | ETF-Other | 0.28% | — | +36.34% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1.7%
Performance Last 4 Quarters
+25.7%
Based on 83% of reported portfolio value with available pricing
- Stdev
- +15.2%
- Beta
- +0.98
- Alpha
- +3.2%
- Max Drawdown
- -6.4%
- Annualized Perf
- +21.8%
- Batting Avg vs S&P
- +41.2%
- Sortino
- +2.63
- Stutzer
- +0.4
- Treynor
- +0.21
- Sterling
- +1.33
- Calmar
- +3.42
- Information Ratio
- +0.41
- Tracking Error
- +6.9%
- Stdev Down
- +8%
- Winning Months %
- +76.5%
- Losing Months %
- +23.5%
- Best 12 Months
- +40.9%
- Worst 12 Months
- +25.7%
- Efficiency Ratio
- +0.5
- Sharpe
- +1.38
- Stdev Sectors
- +8.7%
- Skewness
- -0.3
- Kurtosis
- -0.6
- Upside Potential
- +4.17
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Jain Global LLC's most significant position changes for 2026-03-31: Sold out: Ishares Core S&p 500 ETF (IVV); New buy: Ss Consumer Staples Sel Sect (XLP); New buy: Servicenow INC (NOW); Sold out: Ishr Ibx Usd Invgd Cb Etf-ui (LQD); New buy: Exxon Mobil CORP (XOM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IWM | Ishares Russell 2000 ETF | +2.4% | +183.04% | Add |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +2.3% | +68.14% | Add |
| 3 | GLD | Spdr Gold Shares | +2.3% | +38.88% | Add |
| 4 | META | Meta Platforms Inc-class A | +1.4% | +636.89% | Add |
| 5 | EEM | Ishares Msci Emerging Market | +1.2% | +55.74% | Add |
| 6 | AAPL | Apple INC | +1.1% | +540.03% | Add |
| 7 | KWEB | Kranesh Csi China Internet | +0.9% | +270.09% | Add |
| 8 | MU | Micron Technology INC | +0.9% | +128.88% | Add |
| 9 | XLE | Ss Energy Select Sector | +0.9% | +94.67% | Add |
| 10 | BABA | Alibaba Group Holding-sp Adr | +0.7% | +263.57% | Add |
| 11 | GOOG | Alphabet Inc-cl C | +0.7% | +1171.33% | Add |
| 12 | XBI | Ss Spdr S&p Biotech ETF | +0.6% | +144.44% | Add |
| 13 | XLB | Ss Materials Select Sector | +0.6% | +14445.28% | Add |
| 14 | GDX | Vaneck Gold Miners ETF | +0.6% | +37.53% | Add |
| 15 | NFLX | Netflix INC | +0.5% | +2030.03% | Add |
| 16 | KRE | Ss Spdr S&p Regional Bank | +0.5% | +63.63% | Add |
| 17 | ALB | Albemarle CORP | +0.4% | +3925.93% | Add |
| 18 | AMAT | Applied Materials INC | +0.4% | +1407.41% | Add |
| 19 | GEV | GE Vernova INC | +0.4% | +638.60% | Add |
| 20 | LRCX | Lam Research CORP | +0.4% | +435.92% | Add |
| 21 | EWZ | Ishares Msci Brazil ETF | +0.4% | +34.17% | Add |
| 22 | MSFT | Microsoft CORP | +0.3% | +240.68% | Add |
| 23 | ORCL | Oracle CORP | +0.3% | +262.98% | Add |
| 24 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.2% | +23.20% | Add |
| 25 | XLF | Ss Financial Select Sector | +0.2% | +47.53% | Add |
| 26 | BRO | Brown & Brown INC | -0.3% | -96.33% | Trim |
| 27 | PLTR | Palantir Technologies Inc-a | -0.4% | -46.80% | Trim |
| 28 | CSX | Csx CORP | -0.4% | -73.10% | Trim |
| 29 | XLI | Ss Industrial Select Sector | -0.5% | -66.43% | Trim |
| 30 | AMZN | Amazon.com INC | -0.6% | -60.76% | Trim |
| 31 | AU | AngloGold Ashanti plc | -0.7% | -66.02% | Trim |
| 32 | NVDA | Nvidia CORP | -1% | -49.49% | Trim |
| 33 | SMH | Vaneck Semiconductor ETF | -1% | -92.19% | Trim |
| 34 | AVGO | Broadcom INC | -1.1% | -96.00% | Trim |
| 35 | TSLA | Tesla INC | -1.1% | -43.96% | Trim |
| 36 | IVV | Ishares Core S&p 500 ETF | — | EXIT | Sold out |
| 37 | XLP | Ss Consumer Staples Sel Sect | — | NEW | New buy |
| 38 | NOW | Servicenow INC | — | NEW | New buy |
| 39 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | — | EXIT | Sold out |
| 40 | XOM | Exxon Mobil CORP | — | NEW | New buy |
| 41 | LMT | Lockheed Martin CORP | — | NEW | New buy |
| 42 | XLV | Ss Health Care Select Sector | — | EXIT | Sold out |
| 43 | ASHR | Xtrackers Harvest Csi 300 Ch | — | NEW | New buy |
| 44 | WMB | Williams Cos INC | — | EXIT | Sold out |
| 45 | INTC | Intel CORP | — | NEW | New buy |
| 46 | WDAY | Workday Inc-class A | — | NEW | New buy |
| 47 | IEF | Ishares 7-10 Year Treasury B | — | NEW | New buy |
| 48 | CSCO | Cisco Systems INC | — | NEW | New buy |
| 49 | XOP | Ss Spdr S&p Og Exp & Prod | — | NEW | New buy |
| 50 | BIIB | Biogen INC | — | EXIT | Sold out |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
FAQ
What is Jain Global LLC and what type of investor is it?
Jain Global LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $24.2B, spread across 1162 disclosed positions.
What are Jain Global LLC's largest equity positions?
Based on the latest 13F filing, Jain Global LLC's top holdings by market value are:
1. Spdr Gold Shares (GLD) — $2.5B (10.1%)
2. Ss Spdr S&p 500 ETF Trust-us (SPY) — $2.1B (8.7%)
3. Ishr Ibx Usd Hiyld Cb Etf-ui (HYG) — $1.1B (4.7%)
4. Ishares Msci Emerging Market (EEM) — $1.1B (4.4%)
5. Ishares Russell 2000 ETF (IWM) — $989.7M (4.1%)
What changes did Jain Global LLC make in its most recent portfolio filing?
In the latest reported quarter, Jain Global LLC made 50 notable position adjustments: 10 new positions were initiated, 25 existing holdings were added to, 10 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Ishares Core S&p 500 ETF (IVV); New buy: Ss Consumer Staples Sel Sect (XLP); New buy: Servicenow INC (NOW); Sold out: Ishr Ibx Usd Invgd Cb Etf-ui (LQD); New buy: Exxon Mobil CORP (XOM)
What sectors does Jain Global LLC focus on?
Jain Global LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 29.6%
• Industrials: 20.9%
• Consumer Discretionary: 12.3%
• Communication Services: 10.9%
• Financials: 10.5%
• Materials: 3.7%
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