SEC 13F Intelligence

Managers / Q2 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
$236M
Q2 2025
Positions
26
Filings on Record
22
2019–present window
Filed
Aug 13, 2025
original filing

Summary

Jones Road Capital Management, L.P. reported $236M in U.S.-listed holdings across 26 positions for Q2 2025.

Its largest position, Nextera Energy Cap, represents 8.4% of the portfolio.

Compared with Q1 2025, the fund opened 6 new positions and exited 11.

Portfolio Metrics

Turnover
+25.3%
vs prior filed quarter
Top-10 Concentration
+41.4%
share of reported value
Largest Position
+8.4%
Nextera Energy Cap
New / Exited
6 / 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
Common Stock: 63.5%US DOMESTIC: 20.6%ETP: 12.7%REIT: 1.9%PUBLIC: 1.2%
  • Common Stock · 63.5% · $150M
  • US DOMESTIC · 20.6% · $49M
  • ETP · 12.7% · $30M
  • REIT · 1.9% · $4M
  • PUBLIC · 1.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GOOGALPHABET INCNEW+80.0K80.0K+$14M$14M
SMHVANECK ETF TRUSTNEW+50.0K50.0K+$14M$14M
LMTLOCKHEED MARTIN CORPNEW+10.0K10.0K+$5M$5M
TJXTJX COS INC NEWNEW+25.0K25.0K+$3M$3M
AALAMERICAN AIRLS GROUP INCNEW+50.0K50.0K+$561,000$561,000
NFENEW FORTRESS ENERGY INCNEW+73.7K73.7K+$244,684$244,684
MSFTMICROSOFT CORPADDED+59.1K63.1K+$30M$31M
ATIATI INCADDED+210.0K319.9K+$22M$28M

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

Holdings — Q2 2025

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEXTERA ENERGY CAP HLDGS INCNOTE 3.000% 3/08.39%$20M17.40M
2METAMETA PLATFORMS INChistory →CL A6.90%$16M22.1K
3ORCLORACLE CORPhistory →COM5.43%$13M58.7K
4FIRSTENERGY CORPNOTE 4.000% 5/05.11%$12M12.00M
5DUKE ENERGY CORP NEWNOTE 4.125% 4/15.02%$12M11.20M
6ATIATI INChistory →COM3.65%$9M99.9K
7VISNCOMMSCOPE HLDG CO INChistory →COM2.14%$5M612.2K
8PG&E CORPNOTE 4.250%12/02.10%$5M5.00M
9BABOEING CODEP CONV PFD A · COM1.68%$4M47.8K
10AVBAVALONBAY CMNTYS INCCOM0.95%$2M11.0K
11BHRBRAEMAR HOTELS & RESORTS INCCOM0.93%$2M895.8K
12MSFTMICROSOFT CORPCOM0.65%$2M3.1K
13AALAMERICAN AIRLS GROUP INCCOM0.24%$561,00050.0K
14CYHCOMMUNITY HEALTH SYS INC NEWCOM0.17%$392,360115.4K
15NFENEW FORTRESS ENERGY INCCOM CL A0.10%$244,68473.7K

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 ↗.