SEC 13F Intelligence

Managers / Q3 2023 · view latest →

JS Capital Management LLC

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

Reported Value
$733M
Q3 2023
Positions
27
Filings on Record
31
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Js Capital Management LLC reported $733M in U.S.-listed holdings across 27 positions for Q3 2023.

The portfolio is heavily concentrated: PACK alone accounts for 22.6% of reported value.

Compared with Q2 2023, the fund opened 6 new positions and exited 10.

Portfolio Metrics

Turnover
+22.8%
vs prior filed quarter
Top-10 Concentration
+71.3%
share of reported value
Largest Position
+22.6%
Ranpak
New / Exited
6 / 10
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: 89.9%Other: 4.2%ADR: 3.7%Tracking Stk: 2.1%
  • Common Stock · 89.9% · $659M
  • Other · 4.2% · $31M
  • ADR · 3.7% · $27M
  • Tracking Stk · 2.1% · $16M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SNOWSNOWFLAKE INCNEW+133.0K133.0K+$20M$20M
FWONKLIBERTY MEDIA CORP DELNEW+250.0K250.0K+$16M$16M
CARAVIS BUDGET GROUPNEW+70.0K70.0K+$13M$13M
ROPROPER TECHNOLOGIES INCNEW+2.0K2.0K+$968,240$968,240
TPDTEMPUR SEALY INTL INCNEW+15.0K15.0K+$650,100$650,100
SPGIS&P GLOBAL INCNEW+1.2K1.2K+$447,627$447,627
FNDFLOOR & DECOR HLDGS INCADDED+18.0K20.0K+$2M$2M
UNHUNITEDHEALTH GROUP INCADDED+25.0K35.0K+$13M$18M

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

Holdings — Q3 2023

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PACKRANPAK HOLDINGS CORPhistory →COM CL A22.65%$166M30.53M
2AMZNAMAZON COM INChistory →COM9.62%$71M555.0K
3MSFTMICROSOFT CORPhistory →COM6.46%$47M150.0K
4GOOGALPHABET INChistory →CAP STK CL C5.93%$44M330.0K
5METAMETA PLATFORMS INChistory →CL A4.91%$36M120.0K
6CRCRANE COMPANYhistory →COMMON STOCK4.85%$36M400.0K
7NFLXNETFLIX INChistory →COM4.53%$33M88.0K
8FERRARI N VCOM4.23%$31M105.0K
9APGAPI GROUP CORPhistory →COM STK4.12%$30M1.17M
10HOGHARLEY DAVIDSON INChistory →COM4.02%$29M892.0K
11IBNICICI BANK LIMITEDhistory →ADR3.74%$27M1.19M
12DDOGDATADOG INChistory →CL A COM3.42%$25M275.0K
13SCHWSCHWAB CHARLES CORPhistory →COM2.92%$21M390.0K
14SNOWSNOWFLAKE INChistory →CL A2.77%$20M133.0K
15T7DTRANSDIGM GROUP INChistory →COM2.62%$19M22.8K
16UNHUNITEDHEALTH GROUP INChistory →COM2.41%$18M35.0K
17TTWOTAKE-TWO INTERACTIVE SOFTWARhistory →COM2.20%$16M115.0K
18FWONKLIBERTY MEDIA CORP DELhistory →COM LBTY ONE S C2.12%$16M250.0K
19MGMMGM RESORTS INTERNATIONALhistory →COM2.11%$15M420.0K
20CARAVIS BUDGET GROUPhistory →COM1.72%$13M70.0K
21SHOPSHOPIFY INChistory →CL A1.49%$11M200.0K
22HLTHILTON WORLDWIDE HLDGS INCCOM0.61%$5M30.0K
23FNDFLOOR & DECOR HLDGS INCCL A0.25%$2M20.0K
24ROPROPER TECHNOLOGIES INCCOM0.13%$968,2402.0K
25TPDTEMPUR SEALY INTL INCCOM0.09%$650,10015.0K
26SPGIS&P GLOBAL INCCOM0.06%$447,6271.2K
27CDLXEURCARDLYTICS INCCOM0.02%$165,00010.0K

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 ↗.