SEC 13F Intelligence

Managers / Q3 2021 · view latest →

JS Capital Management LLC

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

Reported Value
$1.7B
Q3 2021
Positions
39
Filings on Record
31
2019–present window
Filed
Nov 15, 2021
original filing

Summary

Js Capital Management LLC reported $1.7B in U.S.-listed holdings across 39 positions for Q3 2021.

The portfolio is heavily concentrated: PACK alone accounts for 46.6% of reported value.

Compared with Q2 2021, the fund opened 13 new positions and exited 11.

Portfolio Metrics

Turnover
+12.1%
vs prior filed quarter
Top-10 Concentration
+78.4%
share of reported value
Largest Position
+46.6%
Ranpak
New / Exited
13 / 11
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: 92.6%Other: 4.6%ETP: 2.8%
  • Common Stock · 92.6% · $1.6B
  • Other · 4.6% · $79M
  • ETP · 2.8% · $49M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TLHISHARES TRNEW+559.7K559.7K+$49M$49M
LYVLIVE NATION ENTERTAINMENT INNEW+230.0K230.0K+$21M$21M
TWTRUSDTWITTER INCNEW+270.0K270.0K+$16M$16M
XYZSQUARE INCNEW+60.0K60.0K+$14M$14M
SHOPSHOPIFY INCNEW+9.7K9.7K+$13M$13M
SOMALOGIC INCNEW+1.00M1.00M+$12M$12M
COUPEURCOUPA SOFTWARE INCNEW+50.0K50.0K+$11M$11M
SMFRUSDSEMA4 HOLDINGS CORPNEW+1.00M1.00M+$8M$8M

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

Holdings — Q3 2021

38 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PACKRANPAK HOLDINGS CORPhistory →COM CL A46.56%$804M29.98M
2SNOWSNOWFLAKE INChistory →CL A12.70%$219M725.0K
3TXG10X GENOMICS INChistory →CL A COM4.56%$79M540.6K
4QSQUANTUMSCAPE CORPhistory →COM CL A3.26%$56M2.29M
5MGMMGM RESORTS INTERNATIONALhistory →COM2.50%$43M1.00M
6AMZNAMAZON COM INChistory →COM1.90%$33M10.0K
7EXPEEXPEDIA GROUP INChistory →COM NEW1.90%$33M200.0K
8CDLXEURCARDLYTICS INChistory →COM1.70%$29M350.0K
9GOOGALPHABET INChistory →CAP STK CL C1.70%$29M11.0K
10MSFTMICROSOFT CORPhistory →COM1.63%$28M100.0K
11DTDYNATRACE INChistory →COM NEW1.34%$23M325.0K
12CLARIVATE PLCORD SHS1.30%$22M1.02M
13LYVLIVE NATION ENTERTAINMENT INhistory →COM1.21%$21M230.0K
14CVNACARVANA COhistory →CL A1.09%$19M62.5K
15PLANUSDANAPLAN INChistory →COM0.97%$17M275.0K
16NFLXNETFLIX INChistory →COM0.95%$16M27.0K
17TWTRUSDTWITTER INChistory →COM0.94%$16M270.0K
18PYPLPAYPAL HLDGS INChistory →COM0.90%$16M60.0K
19ALTIMETER GROWTH CORP 2COM CL A0.86%$15M1.50M
20XYZSQUARE INChistory →CL A0.83%$14M60.0K
21METAFACEBOOK INChistory →CL A0.79%$14M40.0K
22ALTIMETER GROWTH CORPCL A0.77%$13M1.25M
23SHOPSHOPIFY INChistory →CL A0.76%$13M9.7K
24SOMALOGIC INCCLASS A COM0.72%$12M1.00M
25SPOTIFY TECHNOLOGY S ASHS0.65%$11M50.0K
26COUPEURCOUPA SOFTWARE INChistory →COM0.63%$11M50.0K
27FS DEVELOPMENT CORP IICOM CL A0.58%$10M1.00M
28TWLOTWILIO INCCL A0.55%$10M30.0K
29KDPKEURIG DR PEPPER INCCOM0.50%$9M254.9K
30JPMJPMORGAN CHASE & COCOM0.47%$8M50.0K
31ZMZOOM VIDEO COMMUNICATIONS INCL A0.45%$8M30.0K
32SMFRUSDSEMA4 HOLDINGS CORPCOM CL A0.44%$8M1.00M
33RIBBIT LEAP LTDUNIT 99/99/99990.31%$5M519.2K
34WMGWARNER MUSIC GROUP CORPCOM CL A0.27%$5M110.0K
35CUCAAVIS BUDGET GROUPCOM0.17%$3M25.0K
36BALLBALL CORPCOM0.13%$2M24.0K
37GEMINI THERAPEUTICS INCCOM0.11%$2M474.5K
38NTRANATERA INCCOM0.04%$631,0005.7K

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 ↗.