SEC 13F Intelligence

Managers / Q1 2023 · view latest →

JONES ROAD CAPITAL MANAGEMENT, L.P.

CIK 0001842361 · 370 LEXINGTON AVENUE, SUITE 610, NEW YORK, NY, 10017 · 212-653-1950

Reported Value
$138M
Q1 2023
Positions
43
Filings on Record
22
2019–present window
Filed
May 12, 2023
original filing

Summary

Jones Road Capital Management, L.P. reported $138M in U.S.-listed holdings across 43 positions for Q1 2023.

Its largest position, MGM, represents 14.2% of the portfolio.

Compared with Q4 2022, the fund opened 12 new positions and exited 9.

Portfolio Metrics

Turnover
+13.8%
vs prior filed quarter
Top-10 Concentration
+62.9%
share of reported value
Largest Position
+14.2%
Mgm Resorts International
New / Exited
12 / 9
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 ’20: $248MQ4 ’20Q1 ’21: $277MQ2 ’21: $297MQ3 ’21: $302MQ3 ’21Q4 ’21: $463MQ1 ’22: $221MQ2 ’22: $190MQ2 ’22Q3 ’22: $144MQ4 ’22: $112MQ1 ’23: $138MQ1 ’23Q2 ’23: $143MQ3 ’23: $114MQ4 ’23: $393MQ4 ’23Q1 ’24: $134MQ2 ’24: $211MQ3 ’24: $320MQ3 ’24Q4 ’24: $206MQ1 ’25: $160MQ2 ’25: $236MQ2 ’25Q3 ’25: $169MQ4 ’25: $155MQ1 ’26: $55MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 55.9%US DOMESTIC: 9.7%ETP: 7.9%Other: 6.7%ADR: 6.3%Other: 13.5%
  • Common Stock · 55.9% · $77M
  • US DOMESTIC · 9.7% · $13M
  • ETP · 7.9% · $11M
  • Other · 6.7% · $9M
  • ADR · 6.3% · $9M
  • Other · 13.5% · $19M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BACBANK AMERICA CORPNEW+300.0K300.0K+$9M$9M
THCTENET HEALTHCARE CORPNEW+55.0K55.0K+$3M$3M
FCTFIRST TR SR FLTG RATE INCOMENEW+165.0K165.0K+$2M$2M
XFRAXBLACKROCK FLOATING RATE INCONEW+103.4K103.4K+$1M$1M
BGTBLACKROCK FLOATING RATE INCNEW+37.3K37.3K+$418,133$418,133
NPFDNUVEEN VRIABL RAT PFD & INMNEW+17.8K17.8K+$281,524$281,524
APOLLO TACTICAL INCOME FD INNEW+20.0K20.0K+$242,400$242,400
EFTEATON VANCE FLTING RATE INCNEW+20.0K20.0K+$230,200$230,200

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

Holdings — Q1 2023

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MGMMGM RESORTS INTERNATIONALhistory →COM14.18%$20M440.6K
2ISHARES TRIBOXX INV CP ETF7.94%$11M100.0K
3ATI INCNOTE 3.500% 6/16.58%$9M3.50M
4METAMETA PLATFORMS INChistory →CL A6.05%$8M39.4K
5SEA LTDNOTE 0.250% 9/15.71%$8M10.00M
6SPIRIT AEROSYSTEMS HLDGS INCCOM CL A5.69%$8M227.3K
7BRSLINTERNATIONAL GAME TECHNOLOGhistory →SHS USD5.57%$8M287.0K
8LVSLAS VEGAS SANDS CORPhistory →COM4.70%$6M112.8K
9BHRBRAEMAR HOTELS & RESORTS INCCOM · NOTE 4.500% 6/04.04%$6M2.21M
10SCREAMING EAGLE ACQUISITN COCLASS A ORD SHS · *W EXP 01/05/2022.45%$3M333.3K
11ACTIVISION BLIZZARD INCCOM2.42%$3M39.0K
12DMY TECHNOLOGY GROUP INC VICL A COM · *W EXP 99/99/9992.41%$3M325.0K
13THCTENET HEALTHCARE CORPhistory →COM NEW2.37%$3M55.0K
14IQIYI INCNOTE 4.000%12/11.64%$2M2.50M
15AVBAVALONBAY CMNTYS INChistory →COM1.52%$2M12.5K
16FCTFIRST TR SR FLTG RATE INCOMEhistory →COM1.19%$2M165.0K
17XFRAXBLACKROCK FLOATING RATE INCOCOM0.88%$1M103.4K
18SUNRUN INCNOTE 2/00.77%$1M1.59M
19MOTIVE CAPITAL CORP IICL A ORD · *W EXP 99/99/9990.50%$695,66066.7K
20CF ACQUISITION CORP IV*W EXP 12/31/2020.50%$687,99366.7K
21COMPUTE HEALTH ACQUISITIN CO*W EXP 01/25/2020.38%$522,52751.0K
22BGTBLACKROCK FLOATING RATE INCCOM0.30%$418,13337.3K
23NPFDNUVEEN VRIABL RAT PFD & INMCOM0.20%$281,52417.8K
24CYHCOMMUNITY HEALTH SYS INC NEWCOM0.18%$245,00050.0K
25APOLLO TACTICAL INCOME FD INCOM0.18%$242,40020.0K
26EFTEATON VANCE FLTING RATE INCCOM0.17%$230,20020.0K
27APOLLO SR FLOATING RATE FD ICOM0.12%$163,67213.0K
28NUVEEN FLOATING RATE INCOMECOM SHS0.12%$160,40020.0K
29XEFRXEATON VANCE SR FLTNG RTE TRCOM0.08%$107,0469.4K
30DNABWGINKGO BIOWORKS HOLDINGS INC*W EXP 09/16/2020.05%$66,50050.0K
31UNITED HOMES GROUP INC*W EXP 01/28/2020.04%$52,0002.5K
32OPALOPAL FUELS INCCLASS A COM0.03%$38,0495.5K
33SCULPTOR ACQUISITION CORP ICL A COM · *W EXP 99/99/9990.01%$15,6601.5K
34IONQ/WSIONQ INC*W EXP 10/01/2020.00%$6,1501.0K
35GAMES & ESPORTS EXPRNC ACQ C*W EXP 12/01/2020.00%$5,260500

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$55M14May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$155M21Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$169M19Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$236M26Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$160M26May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$206M36Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$320M35Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$211M35Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$134M33May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$393M41Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$114M36Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$143M36Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$138M43May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$112M42Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$144M54Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$190M57Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$221M63May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$463M72Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$302M65Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$297M71Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$277M67May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$248M60Feb 16, 202113F-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 ↗.