SEC 13F Intelligence

Managers / Q4 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
$155M
Q4 2025
Positions
21
Filings on Record
22
2019–present window
Filed
Feb 13, 2026
original filing

Summary

Jones Road Capital Management, L.P. reported $155M in U.S.-listed holdings across 21 positions for Q4 2025.

Its largest position, Nextera Energy Cap, represents 12.0% of the portfolio.

Compared with Q3 2025, the fund opened 7 new positions and exited 4.

Portfolio Metrics

Turnover
+42.3%
vs prior filed quarter
Top-10 Concentration
+54.5%
share of reported value
Largest Position
+12.0%
Nextera Energy Cap
New / Exited
7 / 4
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: 57.1%US DOMESTIC: 27.6%GLOBAL: 7.8%ETP: 4.0%PUBLIC: 2.4%REIT: 1.1%
  • Common Stock · 57.1% · $88M
  • US DOMESTIC · 27.6% · $43M
  • GLOBAL · 7.8% · $12M
  • ETP · 4.0% · $6M
  • PUBLIC · 2.4% · $4M
  • REIT · 1.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GEVGE VERNOVA INCNEW+50.0K50.0K+$33M$33M
QQQINVESCO QQQ TRNEW+10.0K10.0K+$6M$6M
CRSCARPENTER TECHNOLOGY CORPNEW+18.0K18.0K+$6M$6M
FORD MTR CONEW+5.00M5.00M+$5M$5M
MERITAGE HOMES CORPNEW+5.00M5.00M+$5M$5M
AAPLAPPLE INCNEW+18.0K18.0K+$5M$5M
NEENEXTERA ENERGY INCNEW+50.0K50.0K+$4M$4M
FXIISHARES TRSOLD OUT−150.0K0−$6M$0

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

Holdings — Q4 2025

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEXTERA ENERGY CAP HLDGS INCNOTE 3.000% 3/011.99%$19M14.92M
2METAMETA PLATFORMS INChistory →CL A8.96%$14M21.0K
3ALIBABA GROUP HLDG LTDNOTE 0.500% 6/07.77%$12M7.73M
4DUKE ENERGY CORP NEWNOTE 4.125% 4/16.59%$10M9.88M
5ORCLORACLE CORPhistory →COM4.15%$6M32.9K
6CRSCARPENTER TECHNOLOGY CORPhistory →COM3.66%$6M18.0K
7FORD MTR CONOTE 3/13.36%$5M5.00M
8MERITAGE HOMES CORPNOTE 1.750% 5/13.19%$5M5.00M
9PG&E CORPNOTE 4.250%12/02.48%$4M3.73M
10BOEING CODEP CONV PFD A2.35%$4M52.7K
11ATIATI INChistory →COM2.23%$3M30.0K
12AVBAVALONBAY CMNTYS INChistory →COM1.14%$2M9.7K
13MSFTMICROSOFT CORPCOM0.91%$1M2.9K
14VISNCOMMSCOPE HLDG CO INCCOM0.59%$906,50050.0K
15CYHCOMMUNITY HEALTH SYS INC NEWCOM0.21%$319,488102.4K
16NFENEW FORTRESS ENERGY INCCOM CL A0.12%$182,058159.7K

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 ↗.