JONES ROAD CAPITAL MANAGEMENT, L.P.
Follow13F filer, CIK 1842361, NEW YORK, NY
JONES ROAD CAPITAL MANAGEMENT, L.P. reported $205,896,091 across 36 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-13. Its ten largest share positions make up 77.99% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001842361-25-000002
- Period
- 2024-12-31
- Reported value
- $206M
- Holdings
- 36
- Top 10 weight
- 77.99%
- New
- 11
- Sold out
- 10
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| HPEnew | +510,000 | $10.9M |
| XGDVXnew | +200,000 | $4.83M |
| BAPRAnew | +38,200 | $2.33M |
| BKLNadded | +100,000 | $2.11M |
| ATIadded | +25,000 | $1.38M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| MGMexited | -69,548 | -$2.72M |
| METAreduced | -2,800 | -$1.64M |
| ACIexited | -70,534 | -$1.3M |
| ORCLreduced | -4,600 | -$767K |
| BSLreduced | -48,565 | -$696K |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q4 2024
Share positions as resolved from 13F-HR 0001842361-25-000002, largest first. % of portfolio is the value over $144,838,061, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| METAMETA PLATFORMS INC | 34,780 | $20.4M | 14.06% | -2,800 | Timeline | ||
| BKLNINVESCO EXCH TRADED FD TR II | 547,152 | $11.5M | 7.96% | +100,000 | Timeline | ||
| HPEHEWLETT PACKARD ENTERPRISE C | 510,000 | $10.9M | 7.52% | new | Timeline | ||
| LQDISHARES TR | 95,173 | $10.2M | 7.02% | 0 | Timeline | ||
| ORCLORACLE CORP | 55,890 | $9.31M | 6.43% | -4,600 | Timeline | ||
| ATIATI INC | 155,345 | $8.55M | 5.9% | +25,000 | Timeline | ||
| ADXADAMS DIVERSIFIED EQUITY FD | 370,120 | $7.48M | 5.16% | -4,983 | Timeline | ||
| GLWCORNING INC | 149,737 | $7.12M | 4.91% | 0 | Timeline | ||
| XGDVXGABELLI DIVID & INCOME TR | 200,000 | $4.83M | 3.33% | new | Timeline | ||
| FCTFIRST TR SR FLTG RATE INCOME | 430,933 | $4.46M | 3.08% | 0 | Timeline | ||
| BHRBRAEMAR HOTELS & RESORTS INC | 1,163,744 | $3.49M | 2.41% | -65,603 | Timeline | ||
| AVBAVALONBAY CMNTYS INC | 12,061 | $2.65M | 1.83% | 0 | Timeline | ||
| BAPRABOEING CO | 38,200 | $2.33M | 1.61% | new | Timeline | ||
| VISNVISTANCE NETWORKS INC | 375,000 | $1.95M | 1.35% | +75,000 | Timeline | ||
| BAXBAXTER INTL INC | 61,109 | $1.78M | 1.23% | 0 | Timeline | ||
| BSLBLACKSTONE SENI FLTN RAT 202 | 80,903 | $1.16M | 0.8% | -48,565 | Timeline | ||
| BABOEING CO | 6,000 | $1.06M | 0.73% | new | Timeline | ||
| CYHCOMMUNITY HEALTH SYS INC NEW | 164,732 | $493K | 0.34% | 0 | Timeline | ||
| BGBBLACKSTONE STRATEGIC CRED 20 | 39,751 | $486K | 0.34% | 0 | Timeline | ||
| ALURWALLURION TECHNOLOGIES INC WT P | 44,393 | $477K | 0 | Value about 1,000 times the price other filers imply, kept as filed and left out of ratios. | Timeline | ||
| NPFDNUVEEN VRIABL RAT PFD & INM | 19,639 | $358K | 0.25% | 0 | Timeline | ||
| JFRNUVEEN FLOATING RATE INCOME | 21,804 | $194K | 0.13% | 0 | Timeline | ||
| ROIVROIVANT SCIENCES LTD | 10,000 | $118K | 0.08% | new | Timeline | ||
| UNITED HOMES GROUP INCUNITED HOMES GROUP INC | 2,500 | $10.6K | 0.01% | 0 |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| MUMICRON TECHNOLOGY INC COM | call | 200,000 | $16.8M | new |
| ORCLORACLE CORP COM | call | 100,000 | $16.7M | 0 |
| ETNEATON CORP PLC COM | call | 40,000 | $13.3M | new |
| SPRSPIRIT AEROSYSTEMS HLDGS INC COM CL A | call | 200,000 | $6.82M | 0 |
| HPEHEWLETT PACKARD ENTERPRISE C Stock | put | 160,000 | $3.42M | new |
| PCGPG&E CORP Stock | call | 100,000 | $2.02M | new |
| MPMP MATERIALS CORP COM CL A | call | 100,000 | $1.56M | 0 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 15,000,000 | $15.4M | +3,000,000 |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 12,000,000 | $12.1M | 0 |
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 5,000,000 | $5.45M | new |
| BRAEMAR HOTELS & RESORTS INCBRAEMAR HOTELS & RESORTS INC NOTE 4.500% 6/0 | principal | 1,000,000 | $920K | 0 |
| SPIRIT AEROSYSTEMS INCSPIRIT AEROSYSTEMS INC CNV | principal | 100,000 | $136K | new |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| MSFTMICROSOFT CORP | 200,000 | $86.1M | call |
| GEVGE VERNOVA INC | 100,000 | $25.5M | put |
| PDDPDD HOLDINGS INC | 125,000 | $16.9M | call |
| NEENEXTERA ENERGY INC | 150,000 | $12.7M | call |
| FEFIRSTENERGY CORP | 200,000 | $8.87M | call |
| HPEHEWLETT PACKARD ENTERPRISE C | 350,000 | $7.16M | call |
| GLWCORNING INC | 150,000 | $6.77M | put |
| ASHRDBX ETF TR | 200,000 | $5.72M | call |
| MGMMGM RESORTS INTERNATIONAL | 69,548 | $2.72M | shares |
| ACIALBERTSONS COMPANIES INC | 70,534 | $1.3M | shares |
How Q4 2024 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001842361-25-000002 | base | 2025-02-13 | acceptance time not in the bulk data set |