Jones Road Capital Management, L.P. In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Jones Road Capital Management, L.P. reported 14 stock positions worth $9.3 million . Its top holding was Meta Platforms Class A (META) at 31.4% of the portfolio, followed by Carpenter Technology (CRS, 21.8% ) and Firstenergy (FE, 13.6% ). Compared with Q1 2026, it opened 7 new positions, sold out of 2 and reduced 7. The biggest buy was a new position in Firstenergy (FE) and the biggest sale Oracle (ORCL, shares −90% ).
Location NEW YORK, NY
CIK 0001842361
Portfolio Value $9.3M (Q2 2026) Holdings 14 stocks · $9.3M 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 Q1 2026 META Meta Platforms Inc. Class A 5,198 $2.9M Reduce -51.0% CRS Carpenter Technology 3,300 $2.0M Reduce -82.2% FE Firstenergy Corp. 26,700 $1.3M New ATI Ati Inc. 5,000 $986K Reduce -50.0% ORCL Oracle Corp. 4,068 $596K Reduce -89.5% DCO Ducommun Inc. 2,900 $537K New RTX RTX Corp. 1,900 $360K New AVB Avalonbay Communities Inc. 1,300 $245K Reduce -77.2% CCL Carnival Corp. Ltd. 5,000 $143K New ECHO Echostar Corp. Class A 1,000 $102K New CYH Community Health Systems Inc. 14,000 $47K Reduce -86.3% MSDL Morgan Stanley Direct Lendin 2,000 $30K New GSBD Goldman Sachs BDC Inc. 3,000 $28K New NFE New Fortress Energy Inc. 46,665 $17K Reduce -70.8%
Options reported separately and not counted above: NEE calls ($21.5M), AAPL calls ($4.3M), NVDA calls ($3.0M), ORCL calls ($1.8M).
Other holdings (7): bonds, preferreds, convertibles and warrants · $9.0M (not counted above) Security Class Shares / Principal Value Change NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal 2,654,000 $3.5M Reduce -76.2% ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 1,028,000 $1.2M Reduce -78.3% UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 1,000,000 $1.2M New FIRSTENERGY CORP (FE 3.625 01/15/29) NOTE 3.625% 1/1 · principal 1,058,000 $1.2M New PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 875,000 $895K Reduce -60.8% ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 13,500 $607K New BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 7,000 $471K Reduce -86.7%
Total filed on the 13F, all lines: $18.4M.
Portfolio Sells Q1 2026 → Q2 2026 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 Q1 2026 % Of Portfolio Change To Portfolio ▲ ORCL Oracle Corp. Reduce -89.5% 6.39% −18.06 CRS Carpenter Technology Reduce -82.2% 21.83% −9.32 VISN Vistance Networks Inc. Sold out 0.00% −3.89 MSFT Microsoft Corp. Sold out 0.00% −2.69 AVB Avalonbay Communities Inc. Reduce -77.2% 2.63% −1.35 CYH Community Health Systems Inc. Reduce -86.3% 0.50% −0.78 NFE New Fortress Energy Inc. Reduce -70.8% 0.18% −0.22 ATI Ati Inc. Reduce -50.0% 10.57% +4.35 META Meta Platforms Inc. Class A Reduce -51.0% 31.40% +5.47
Portfolio Buys Q1 2026 → Q2 2026 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 Q1 2026 % Of Portfolio Change To Portfolio ▼ FE Firstenergy Corp. New 13.61% +13.61 DCO Ducommun Inc. New 5.76% +5.76 RTX RTX Corp. New 3.87% +3.87 CCL Carnival Corp. Ltd. New 1.53% +1.53 ECHO Echostar Corp. Class A New 1.09% +1.09 MSDL Morgan Stanley Direct Lendin New 0.32% +0.32 GSBD Goldman Sachs BDC Inc. New 0.30% +0.30
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ NEE Nextera Energy Inc. call New 244,800 $21.5M AAPL Apple Inc. call New 15,000 $4.3M BKLN Invesco Senior Loan ETF put Sold out 200,000 $4.1Mbefore exit NVDA Nvidia Corp. call New 15,000 $3.0M ORCL Oracle Corp. call New 12,500 $1.8M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 Security Class Change vs Q1 2026 Shares / Principal Value ▼ NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal Reduce -76.2% 2,654,000 $3.5M ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Reduce -78.3% 1,028,000 $1.2M UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal New 1,000,000 $1.2M FIRSTENERGY CORP (FE 3.625 01/15/29) NOTE 3.625% 1/1 · principal New 1,058,000 $1.2M PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Reduce -60.8% 875,000 $895K ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D New 13,500 $607K BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Reduce -86.7% 7,000 $471K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 14 $9.3M META, CRS, FE, ATI, ORCL Q1 2026 9 $23.4M CRS, META, ORCL, ATI, AVB Q4 2025 9 $34.0M META, ORCL, CRS, ATI, AVB Q3 2025 11 $45.7M META, ORCL, ATI, VISN, AVB Q2 2025 11 $51.1M META, ORCL, ATI, VISN, AVB Q1 2025 17 $83.1M META, BKLN, ORCL, LQD, ADX Q4 2024 21 $108.4M META, BKLN, HPE, LQD, ORCL Q3 2024 19 $98.6M META, LQD, ORCL, BKLN, ATI Q2 2024 20 $94.2M META, LQD, BKLN, THC, ORCL Q1 2024 21 $96.5M META, LQD, BKLN, SPR, ORCL