SEC 13F Intelligence

Managers / Q2 2021 · view latest →

JS Capital Management LLC

CIK 0001562668 · 888 SEVENTH AVENUE, NEW YORK, NY, 10106 · 212.655.7160

Reported Value
$2.1B
Q2 2021
Positions
37
Filings on Record
31
2019–present window
Filed
Aug 16, 2021
original filing

Summary

Js Capital Management LLC reported $2.1B in U.S.-listed holdings across 37 positions for Q2 2021.

The portfolio is heavily concentrated: PACK alone accounts for 36.3% of reported value.

Compared with Q1 2021, the fund opened 8 new positions and exited 108.

Portfolio Metrics

Turnover
+24.7%
vs prior filed quarter
Top-10 Concentration
+76.1%
share of reported value
Largest Position
+36.3%
Ranpak
New / Exited
8 / 108
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $351MQ4 ’18Q1 ’19: $475MQ2 ’19: $683MQ3 ’19: $735MQ4 ’19: $868MQ4 ’19Q1 ’20: $795MQ2 ’20: $1.3BQ3 ’20: $1.9BQ4 ’20: $2.1BQ4 ’20Q1 ’21: $1.9BQ2 ’21: $2.1BQ3 ’21: $1.7BQ4 ’21: $2.2BQ4 ’21Q1 ’22: $1.3BQ2 ’22: $606MQ3 ’22: $411MQ4 ’22: $379MQ4 ’22Q1 ’23: $554MQ2 ’23: $763MQ3 ’23: $733MQ4 ’23: $836MQ4 ’23Q1 ’24: $240MQ2 ’24: $196MQ3 ’24: $199MQ4 ’24: $210MQ4 ’24Q1 ’25: $165MQ2 ’25: $109MQ3 ’25: $172MQ4 ’25: $165MQ4 ’25Q1 ’26: $109Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.2%Other: 7.9%US DOMESTIC: 4.9%
  • Common Stock · 87.2% · $1.8B
  • Other · 7.9% · $164M
  • US DOMESTIC · 4.9% · $102M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LIVE NATION ENTERTAINMENT INNEW+453.3K453.3K+$40M$40M
TWITTER INCNEW+313.0K313.0K+$22M$22M
SHOPIFY INCNEW+11.0K11.0K+$16M$16M
COUPA SOFTWARE INCNEW+50.0K50.0K+$13M$13M
ZMZOOM VIDEO COMMUNICATIONS INNEW+30.0K30.0K+$12M$12M
AMERICAN EAGLE OUTFITTERS INNEW+300.0K300.0K+$11M$11M
DTDYNATRACE INCNEW+130.0K130.0K+$8M$8M
RIBBIT LEAP LTDNEW+519.2K519.2K+$6M$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2021

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PACKRANPAK HOLDINGS CORPhistory →COM CL A36.29%$750M29.98M
2SNOWSNOWFLAKE INChistory →CL A17.95%$371M1.53M
3TXG10X GENOMICS INChistory →CL A COM5.12%$106M540.6K
4QSQUANTUMSCAPE CORPhistory →COM CL A3.25%$67M2.29M
5CDLXEURCARDLYTICS INChistory →COM2.76%$57M449.2K
6MGMMGM RESORTS INTERNATIONALhistory →COM2.68%$55M1.30M
7AMZNAMAZON COM INChistory →COM2.16%$45M13.0K
8EXPEEXPEDIA GROUP INChistory →COM NEW2.02%$42M255.0K
9CVNACARVANA COhistory →CL A1.96%$41M134.5K
10GOOGALPHABET INChistory →CAP STK CL C1.94%$40M16.0K
11LIVE NATION ENTERTAINMENT INNOTE 2.500% 3/11.92%$40M453.3K
12MSFTMICROSOFT CORPhistory →COM1.90%$39M145.0K
13METAFACEBOOK INChistory →CL A1.85%$38M110.0K
14CLARIVATE PLCORD SHS1.55%$32M1.17M
15SPOTIFY TECHNOLOGY S ASHS1.47%$30M110.0K
16NFLXNETFLIX INChistory →COM1.46%$30M57.0K
17ALTIMETER GROWTH CORPCL A1.44%$30M2.42M
18JPMJPMORGAN CHASE & COhistory →COM1.28%$26M170.0K
19CONTEXTLOGIC INCCOM CL A1.20%$25M1.88M
20PYPLPAYPAL HLDGS INChistory →COM1.13%$23M80.0K
21TWITTER INCNOTE 1.000% 9/11.04%$22M313.0K
22PLANUSDANAPLAN INChistory →COM0.82%$17M316.4K
23SHOPIFY INCNOTE 0.125%11/00.78%$16M11.0K
24ALTIMETER GROWTH CORP 2COM CL A0.74%$15M1.50M
25COUPA SOFTWARE INCNOTE 0.375% 1/10.63%$13M50.0K
26KDPKEURIG DR PEPPER INChistory →COM0.57%$12M336.3K
27TWLOTWILIO INChistory →CL A0.57%$12M30.0K
28ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A0.56%$12M30.0K
29AMERICAN EAGLE OUTFITTERS INNOTE 3.750% 4/10.54%$11M300.0K
30DRAGONEER GROWTH OPPORTUN COCOM CL A0.49%$10M1.00M
31FS DEVELOPMENT CORP IICOM CL A0.48%$10M1.00M
32DISDISNEY WALT COCOM0.38%$8M45.0K
33DTDYNATRACE INCCOM NEW0.37%$8M130.0K
34RIBBIT LEAP LTDSHS CL A0.28%$6M519.2K
35GEMINI THERAPEUTICS INCCOM0.15%$3M474.5K
36FORFORESTAR GROUP INCCOM0.15%$3M146.4K
37LUCIRA HEALTH INCCOM0.13%$3M400.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$109M1May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$165M1Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$172M1Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$109M1Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$165M1May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$210M1Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$199M1Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$196M1Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$240M1May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$836M25Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$733M27Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$763M31Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$554M25May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$379M19Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$411M20Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$606M17Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.3B28May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.2B37Feb 16, 2022RESTATEMENTchanges · EDGAR ↗
Q3 2021$1.7B39Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.1B37Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.9B137May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.1B137Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.9B137Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.3B143Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$795M125May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$868M119Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$735M90Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$683M74Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$475M37May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$351M24Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.