SEC 13F Intelligence

Managers / Q3 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
$169M
Q3 2025
Positions
19
Filings on Record
22
2019–present window
Filed
Nov 13, 2025
original filing

Summary

Jones Road Capital Management, L.P. reported $169M in U.S.-listed holdings across 19 positions for Q3 2025.

Its largest position, Nextera Energy Cap, represents 10.4% of the portfolio.

Compared with Q2 2025, the fund opened 3 new positions and exited 7.

Portfolio Metrics

Turnover
+27.0%
vs prior filed quarter
Top-10 Concentration
+54.3%
share of reported value
Largest Position
+10.4%
Nextera Energy Cap
New / Exited
3 / 7
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: 66.3%US DOMESTIC: 19.0%GLOBAL: 8.4%ETP: 3.7%PUBLIC: 1.6%REIT: 1.1%
  • Common Stock · 66.3% · $112M
  • US DOMESTIC · 19.0% · $32M
  • GLOBAL · 8.4% · $14M
  • ETP · 3.7% · $6M
  • PUBLIC · 1.6% · $3M
  • REIT · 1.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ALIBABA GROUP HLDG LTDNEW+7.73M7.73M+$14M$14M
FXIISHARES TRNEW+150.0K150.0K+$6M$6M
DUKDUKE ENERGY CORP NEWNEW+1.8K1.8K+$222,750$222,750
ISHARES TRSOLD OUT−200.0K0−$16M$0
GOOGALPHABET INCSOLD OUT−80.0K0−$14M$0
SMHVANECK ETF TRUSTSOLD OUT−50.0K0−$14M$0
FIRSTENERGY CORPSOLD OUT−12.00M0−$12M$0
LMTLOCKHEED MARTIN CORPSOLD OUT−10.0K0−$5M$0

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

Holdings — Q3 2025

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEXTERA ENERGY CAP HLDGS INCNOTE 3.000% 3/010.45%$18M14.92M
2METAMETA PLATFORMS INChistory →CL A8.47%$14M19.5K
3ALIBABA GROUP HLDG LTDNOTE 0.500% 6/08.42%$14M7.73M
4ORCLORACLE CORPhistory →COM7.14%$12M42.9K
5DUKDUKE ENERGY CORP NEWNOTE 4.125% 4/1 · COM NEW6.41%$11M9.88M
6ATIATI INChistory →COM3.98%$7M82.7K
7VISNCOMMSCOPE HLDG CO INChistory →COM3.97%$7M433.9K
8PG&E CORPNOTE 4.250%12/02.24%$4M3.73M
9BABOEING CODEP CONV PFD A · COM2.13%$4M42.2K
10AVBAVALONBAY CMNTYS INChistory →COM1.11%$2M9.7K
11MSFTMICROSOFT CORPCOM0.89%$2M2.9K
12AALAMERICAN AIRLS GROUP INCCOM0.44%$744,08866.2K
13CYHCOMMUNITY HEALTH SYS INC NEWCOM0.19%$328,704102.4K
14NFENEW FORTRESS ENERGY INCCOM CL A0.14%$242,437109.7K

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 ↗.