SEC 13F Intelligence

Managers / Q1 2025 · view latest →

JONES ROAD CAPITAL MANAGEMENT, L.P.

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

Reported Value
$160M
Q1 2025
Positions
26
Filings on Record
22
2019–present window
Filed
May 14, 2025
original filing

Summary

Jones Road Capital Management, L.P. reported $160M in U.S.-listed holdings across 26 positions for Q1 2025.

Its largest position, Nextera Energy Cap, represents 12.6% of the portfolio.

Compared with Q4 2024, the fund opened 3 new positions and exited 11.

Portfolio Metrics

Turnover
+25.5%
vs prior filed quarter
Top-10 Concentration
+71.1%
share of reported value
Largest Position
+12.6%
Nextera Energy Cap
New / Exited
3 / 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, 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
US DOMESTIC: 33.7%ETP: 24.8%Common Stock: 24.4%Closed-End Fund: 11.7%REIT: 3.3%Other: 2.1%
  • US DOMESTIC · 33.7% · $54M
  • ETP · 24.8% · $40M
  • Common Stock · 24.4% · $39M
  • Closed-End Fund · 11.7% · $19M
  • REIT · 3.3% · $5M
  • Other · 2.1% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEXTERA ENERGY CAP HLDGS INCNEW+17.40M17.40M+$20M$20M
ISHARES TRNEW+250.0K250.0K+$20M$20M
MSFTMICROSOFT CORPNEW+4.0K4.0K+$2M$2M
JFRNUVEEN FLOATING RATE INCOMEADDED+43.4K65.2K+$357,981$552,473
MUMICRON TECHNOLOGY INCSOLD OUT−200.0K0−$17M$0
ETNEATON CORP PLCSOLD OUT−40.0K0−$13M$0
GLWCORNING INCSOLD OUT−149.7K0−$7M$0
SPIRIT AEROSYSTEMS HLDGS INCSOLD OUT−200.0K0−$7M$0

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

Holdings — Q1 2025

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEXTERA ENERGY CAP HLDGS INCNOTE 3.000% 3/012.57%$20M17.40M
2DUKE ENERGY CORP NEWNOTE 4.125% 4/110.16%$16M15.00M
3METAMETA PLATFORMS INChistory →CL A9.83%$16M27.3K
4FIRSTENERGY CORPNOTE 4.000% 5/07.60%$12M12.00M
5BKLNINVESCO EXCH TRADED FD TR IIhistory →SR LN ETF6.53%$10M505.0K
6ORCLORACLE CORPhistory →COM6.34%$10M72.6K
7ISHARES TRIBOXX INV CP ETF5.95%$10M87.7K
8ADXADAMS DIVERSIFIED EQUITY FDhistory →COM4.97%$8M419.0K
9ATIATI INChistory →COM3.57%$6M109.9K
10XGDVXGABELLI DIVID & INCOME TRhistory →COM3.56%$6M236.0K
11PG&E CORPNOTE 4.250%12/03.31%$5M5.00M
12BABOEING CODEP CONV PFD A · COM2.65%$4M59.2K
13FCTFIRST TR SR FLTG RATE INCOMEhistory →COM2.52%$4M398.0K
14VISNCOMMSCOPE HLDG CO INChistory →COM2.01%$3M607.0K
15AVBAVALONBAY CMNTYS INChistory →COM1.82%$3M13.6K
16BHRBRAEMAR HOTELS & RESORTS INChistory →COM1.51%$2M973.0K
17MSFTMICROSOFT CORPCOM0.94%$2M4.0K
18HPEHEWLETT PACKARD ENTERPRISE CCOM0.58%$925,80060.0K
19CYHCOMMUNITY HEALTH SYS INC NEWCOM0.48%$772,200286.0K
20JFRNUVEEN FLOATING RATE INCOMECOM0.34%$552,47365.2K
21NPFDNUVEEN VRIABL RAT PFD & INMCOM0.28%$442,97223.6K
22ALURWALLURION TECHNOLOGIES INC*W EXP 08/01/2030.09%$142,50344.4K
23SPIRIT AEROSYSTEMS INCNOTE 3.250%11/00.09%$136,875100.0K
24UNITED HOMES GROUP INC*W EXP 03/30/2020.00%$7,0002.5K

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 ↗.