In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), JAT Capital Mgmt LP reported 18 stock positions worth $261.9 million . Its top holding was Core Scientific (CORZ) at 20.7% of the portfolio, followed by Celestica (CLS, 15.3% ) and Hut 8 (HUT, 10.8% ). Compared with Q4 2024, it opened 10 new positions, sold out of 28, added to 5 and reduced 3. The biggest buy was a new position in Celestica (CLS) and the biggest sale an exit from Applied Optoelectronics (AAOI).
Location GREENWICH, CT
CIK 0001834438
Portfolio Value $261.9M (Q1 2025) Holdings 18 stocks · $261.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 CORZ Core Scientific Inc. 7,505,350 $54.3M Add +28.2% CLS Celestica Inc. 508,524 $40.1M New HUT Hut 8 Corp. 2,428,631 $28.2M Add +130.4% ORCL Oracle Corp. 172,500 $24.1M Add +36.4% CEG Constellation Energy 113,062 $22.8M Reduce -66.8% VST Vistra Corp. 189,716 $22.3M New RDDT Reddit Inc. Class A 204,007 $21.4M Add +87.6% PLTR Palantir Technologies Inc. Class A 196,131 $16.6M New WIX Wix.com Ltd. 55,802 $9.1M New AVGO Broadcom Inc. 53,500 $9.0M New DELL Dell Technologies -C 41,600 $3.8M New HOOD Robinhood Markets Inc. Class A 64,971 $2.7M New OKLO Oklo Inc. 123,830 $2.7M Reduce -82.2% CRWV Coreweave Inc. Class A 37,500 $1.4M New SPOT Spotify Technology SA 2,226 $1.2M Add +161.6% SPHR Sphere Entertainment Co. 35,856 $1.2M New WBD Warner Bros Discovery Inc. 62,564 $671K Reduce -90.4% CRDO Credo Technology Group Holdi 10,699 $430K New
Options reported separately and not counted above: CORZ calls ($18.1M), HUT calls ($1.1M), AAOI calls ($160K).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ AAOI Applied Optoelectronics Inc. Sold out 0.00% −11.94 APP AppLovin Corp. Class A Sold out 0.00% −6.46 COHR Coherent Corp. Sold out 0.00% −4.93 CEG Constellation Energy Reduce -66.8% 8.70% −4.65 MTZ Mastec Inc. Sold out 0.00% −4.14 AMZN Amazon.com Inc. Sold out 0.00% −3.36 CVNA Carvana Co. Sold out 0.00% −3.08 CAR Avis Budget Group Inc. Sold out 0.00% −2.83 TTD Trade Desk Inc./the Class A Sold out 0.00% −2.71 TSLA Tesla Inc. Sold out 0.00% −2.50 ADBE Adobe Inc. Sold out 0.00% −2.05 DUOL Duolingo Sold out 0.00% −1.70 CNK Cinemark Holdings Inc. Sold out 0.00% −1.70 OKLO Oklo Inc. Reduce -82.2% 1.02% −1.57 META Meta Platforms Inc. Class A Sold out 0.00% −1.54 DKNG Draftkings Inc. Class A Sold out 0.00% −1.49 MNDY Monday.com Ltd. Sold out 0.00% −1.24 BE Bloom Energy Corp. Class A Sold out 0.00% −1.20 WBD Warner Bros Discovery Inc. Reduce -90.4% 0.26% −0.95 CLBR.U Colombier Acquis Corp. II Sold out 0.00% −0.90 ESTC Elastic NV Sold out 0.00% −0.87 GEV GE Vernova Inc. Sold out 0.00% −0.58 MDB Mongodb Inc. Sold out 0.00% −0.55 WDC Western Digital Corp. Sold out 0.00% −0.40 ANET Arista Networks Inc. Sold out 0.00% −0.34 GTLB Gitlab Inc. Class A Sold out 0.00% −0.34 NBIS Nebius Group NV Sold out 0.00% −0.29 HTZ Hertz Global Hldgs Inc. Sold out 0.00% −0.25 SHOP Shopify Inc. Class A Sold out 0.00% −0.23 RBLX Roblox Corp. Class A Sold out 0.00% −0.12 PINS Pinterest Inc. Class A Sold out 0.00% −0.07
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ CLS Celestica Inc. New 15.30% +15.30 VST Vistra Corp. New 8.51% +8.51 HUT Hut 8 Corp. Add +130.4% 10.77% +6.99 CORZ Core Scientific Inc. Add +28.2% 20.75% +6.36 PLTR Palantir Technologies Inc. Class A New 6.32% +6.32 ORCL Oracle Corp. Add +36.4% 9.21% +5.52 RDDT Reddit Inc. Class A Add +87.6% 8.17% +5.06 WIX Wix.com Ltd. New 3.48% +3.48 AVGO Broadcom Inc. New 3.42% +3.42 DELL Dell Technologies -C New 1.45% +1.45 HOOD Robinhood Markets Inc. Class A New 1.03% +1.03 CRWV Coreweave Inc. Class A New 0.53% +0.53 SPHR Sphere Entertainment Co. New 0.45% +0.45 SPOT Spotify Technology SA Add +161.6% 0.47% +0.40 CRDO Credo Technology Group Holdi New 0.16% +0.16
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ CEG Constellation Energy call Sold out 140,000 $31.3Mbefore exit CORZ Core Scientific Inc. call Add +134.3% 2,500,500 $18.1M HUT Hut 8 Corp. call New 94,500 $1.1M AAOI Applied Optoelectronics Inc. call Reduce -97.3% 10,400 $160K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 16 $47.4M WDC, ORCL, MU, HOOD, AAOI Q1 2026 10 $59.3M META, MU, AMZN, NVDA, COHR Q4 2025 16 $92.9M BE, NFLX, HOOD, TSLA, CLS Q3 2025 17 $46.3M U, AMZN, ETSY, RBLX, RDDT Q2 2025 14 $30.6M TSLA, CORZ, DELL, PLTR, HUT Q1 2025 18 $261.9M CORZ, CLS, HUT, ORCL, CEG Q4 2024 36 $571.4M CORZ, CEG, AAOI, APP, COHR Q3 2024 35 $584.5M CORZ, ROKU, CEG, ESTC, NVDA Q2 2024 43 $639.0M CEG, MU, WDC, FSLR, CAR Q1 2024 34 $753.8M NXH, AMD, WDC, CRM, PINS