SEC 13F Intelligence

Managers / Q1 2023 · view latest →

JS Capital Management LLC

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

Reported Value
$554M
Q1 2023
Positions
25
Filings on Record
31
2019–present window
Filed
May 15, 2023
original filing

Summary

Js Capital Management LLC reported $554M in U.S.-listed holdings across 25 positions for Q1 2023.

The portfolio is heavily concentrated: PACK alone accounts for 28.8% of reported value.

Compared with Q4 2022, the fund opened 11 new positions and exited 5.

Portfolio Metrics

Turnover
+18.7%
vs prior filed quarter
Top-10 Concentration
+77.1%
share of reported value
Largest Position
+28.8%
Ranpak
New / Exited
11 / 5
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 87.5%Other: 5.4%ADR: 4.5%Tracking Stk: 2.6%
  • Common Stock · 87.5% · $485M
  • Other · 5.4% · $30M
  • ADR · 4.5% · $25M
  • Tracking Stk · 2.6% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
METAMETA PLATFORMS INCNEW+278.9K278.9K+$59M$59M
VVVVALVOLINE INCNEW+1.16M1.16M+$41M$41M
FERRARI N VNEW+110.0K110.0K+$30M$30M
TTWOTAKE-TWO INTERACTIVE SOFTWARNEW+175.0K175.0K+$21M$21M
HTZHERTZ GLOBAL HLDGS INCNEW+1.27M1.27M+$21M$21M
APGAPI GROUP CORPNEW+600.0K600.0K+$13M$13M
PANWPALO ALTO NETWORKS INCNEW+28.4K28.4K+$6M$6M
CRMSALESFORCE INCNEW+20.0K20.0K+$4M$4M

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

Holdings — Q1 2023

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PACKRANPAK HOLDINGS CORPhistory →COM CL A28.79%$159M30.53M
2METAMETA PLATFORMS INChistory →CL A10.68%$59M278.9K
3VVVVALVOLINE INChistory →COM7.32%$41M1.16M
4FERRARI N VCOM5.38%$30M110.0K
5NFLXNETFLIX INChistory →COM5.05%$28M81.0K
6IBNICICI BANK LIMITEDhistory →ADR4.48%$25M1.15M
7AMZNAMAZON COM INChistory →COM4.01%$22M215.0K
8DTDYNATRACE INChistory →COM NEW3.90%$22M510.3K
9TTWOTAKE-TWO INTERACTIVE SOFTWARhistory →COM3.77%$21M175.0K
10HLTHILTON WORLDWIDE HLDGS INChistory →COM3.77%$21M148.0K
11HTZHERTZ GLOBAL HLDGS INChistory →COM NEW3.74%$21M1.27M
12MSFTMICROSOFT CORPhistory →COM3.65%$20M70.0K
13HOGHARLEY DAVIDSON INChistory →COM2.98%$17M435.0K
14MGMMGM RESORTS INTERNATIONALhistory →COM2.73%$15M340.0K
15FWONKUSDLIBERTY MEDIA CORP DELhistory →COM SER C FRMLA2.57%$14M190.0K
16APGAPI GROUP CORPhistory →COM STK2.44%$13M600.0K
17GOOGALPHABET INChistory →CAP STK CL C1.13%$6M60.0K
18PANWPALO ALTO NETWORKS INChistory →COM1.03%$6M28.4K
19TWLOTWILIO INCCL A0.72%$4M60.0K
20CRMSALESFORCE INCCOM0.72%$4M20.0K
21FCNCAFIRST CTZNS BANCSHARES INC NCL A0.70%$4M4.0K
22SCHWSCHWAB CHARLES CORPCOM0.21%$1M22.6K
23SHWSHERWIN WILLIAMS COCOM0.20%$1M5.0K
24ERMENEGILDO ZEGNA N VORD SHS0.02%$136,40010.0K
25CDLXEURCARDLYTICS INCCOM0.01%$67,90020.0K

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 ↗.