Jones Road Capital Management, L.P. In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Jones Road Capital Management, L.P. reported 21 stock positions worth $96.5 million . Its top holding was Meta Platforms Class A (META) at 21.7% of the portfolio, followed by Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 12.3% ) and Invesco Senior Loan ETF (BKLN, 9.0% ). Compared with Q4 2023, it opened 3 new positions, sold out of 5, added to 16 and reduced 2. The biggest buy was a new position in Oracle (ORCL) and the biggest sale an exit from RTX (RTX).
Location NEW YORK, NY
CIK 0001842361
Portfolio Value $96.5M (Q1 2024) Holdings 21 stocks · $96.5M 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 2023 META Meta Platforms Inc. Class A 43,175 $21.0M Add +9.6% LQD Ishr Ibx Usd Invgd CB ETF-Ui 109,344 $11.9M Add +0.1% BKLN Invesco Senior Loan ETF 412,724 $8.7M Add +32.0% SPR Spirit Aerosystems Hold Class A 176,903 $6.4M Reduce -31.2% ORCL Oracle Corp. 50,000 $6.3M New THC Tenet Healthcare Corp. 59,483 $6.3M Add +8.2% BAX Baxter International Inc. 140,813 $6.0M Add +7.5% MGM MGM Resorts International 122,170 $5.8M Add +1.3% FCT First Trust SNR FL RT Inc. II 411,879 $4.3M Add +11.3% BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG 161,121 $3.6M Add +9.6% SCRM Screaming Eagle Acq Class A 273,857 $2.9M Add +9.5% XFRAX BlackRock Fltng RT Inc. Strat 209,417 $2.7M Reduce -8.7% BHR Braemar Hotels & Resorts Inc. 1,337,018 $2.7M Add +10.9% AVB Avalonbay Communities Inc. 13,857 $2.6M Add +10.9% PLYA Playa Hotels & Resorts NV 223,200 $2.2M New BSL Blackstone SNR Fltng RT 126,718 $1.8M Add +18.8% CYH Community Health Systems Inc. 161,233 $564K Add +7.5% NPFD Nuveen Var RT Pref & Inc. 19,223 $344K Add +0.1% AFT Apollo Senior Floating Rate 14,014 $200K Add +0.1% JFR Nuveen Floating Rate Income 21,340 $186K Add +0.1% ADX Adams Diversified Equity 8,891 $174K New
Options reported separately and not counted above: PDD calls ($8.7M), ORCL puts ($6.8M), SPR calls ($3.6M), MP calls ($1.4M), RUN calls ($659K).
Other holdings (7): bonds, preferreds, convertibles and warrants · $16.0M (not counted above) Security Class Shares / Principal Value Change ATI INC (ATI 3.5 06/15/25) NOTE 3.500% 6/1 · principal 3,500,000 $11.6M No change IQIYI INC (IQ 4 12/15/26) NOTE 4.000%12/1 · principal 2,500,000 $2.5M No change SCRMW Screaming Eagle Acq Class A -27 *W EXP 99/99/999 83,333 $892K No change BRAEMAR HOTELS & RESORTS (BHR 4.5 06/01/26) NOTE 4.500% 6/0 · principal 1,000,000 $844K No change ALURW Allurion Technologies-28 *W EXP 08/01/203 44,393 $78K No change DNABW Ginkgo Bioworks -CW27 *W EXP 09/16/202 50,000 $58K No change UNITED HOMES GROUP INC *W EXP 03/30/202 2,500 $17K No change
Total filed on the 13F, all lines: $112.5M.
Portfolio Sells Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▲ RTX RTX Corp. Sold out 0.00% −4.15 SPR Spirit Aerosystems Hold Class A Reduce -31.2% 6.61% −3.48 XFRAX BlackRock Fltng RT Inc. Strat Reduce -8.7% 2.80% −0.78 BGT BlackRock Fltng RT Inc. TR Sold out 0.00% −0.62 AIF Apollo Tactical Income Fund Sold out 0.00% −0.37 EFT Eaton Vance Fltng RT Inc. TR Sold out 0.00% −0.17 XEFRX Eaton Vance Sr FLTG Rate TR Sold out 0.00% −0.07
Portfolio Buys Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▼ ORCL Oracle Corp. New 6.51% +6.51 META Meta Platforms Inc. Class A Add +9.6% 21.72% +4.51 PLYA Playa Hotels & Resorts NV New 2.24% +2.24 THC Tenet Healthcare Corp. Add +8.2% 6.48% +1.35 BKLN Invesco Senior Loan ETF Add +32.0% 9.04% +0.87 ADX Adams Diversified Equity New 0.18% +0.18 BSL Blackstone SNR Fltng RT Add +18.8% 1.88% +0.12 CYH Community Health Systems Inc. Add +7.5% 0.58% +0.01 BAX Baxter International Inc. Add +7.5% 6.23% −0.02 AFT Apollo Senior Floating Rate Add +0.1% 0.21% −0.02 JFR Nuveen Floating Rate Income Add +0.1% 0.19% −0.02 NPFD Nuveen Var RT Pref & Inc. Add +0.1% 0.36% −0.03 FCT First Trust SNR FL RT Inc. II Add +11.3% 4.42% −0.19 AVB Avalonbay Communities Inc. Add +10.9% 2.66% −0.22 SCRM Screaming Eagle Acq Class A Add +9.5% 3.04% −0.23 MGM MGM Resorts International Add +1.3% 5.97% −0.67 BHR Braemar Hotels & Resorts Inc. Add +10.9% 2.77% −0.95 BRSL Brightstar Lottery PLC Add +9.6% 3.77% −1.20 LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +0.1% 12.34% −2.58
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ BA The Boeing Co. call Sold out 400,000 $104.3Mbefore exit QQQ Invesco QQQ Trust Series 1 call Sold out 250,000 $102.4Mbefore exit MSFT Microsoft Corp. call Sold out 100,000 $37.6Mbefore exit HUM Humana Inc. call Sold out 30,000 $13.7Mbefore exit ORCL Oracle Corp. call Sold out 125,000 $13.2Mbefore exit PDD PDD Holdings Inc. call New 75,000 $8.7M BAX Baxter International Inc. call Sold out 200,000 $7.7Mbefore exit ORCL Oracle Corp. put New 54,000 $6.8M MGM MGM Resorts International put Sold out 120,000 $5.4Mbefore exit FXI iShares China Large-Cap ETF call Sold out 200,000 $4.8Mbefore exit SE Sea Ltd.-ADR call Sold out 100,000 $4.0Mbefore exit SPR Spirit Aerosystems Hold Class A call New 100,000 $3.6M NTES Netease Inc.-ADR call Sold out 30,000 $2.8Mbefore exit KEY Keycorp put Sold out 102,500 $1.5Mbefore exit MP MP Materials Corp. call New 100,000 $1.4M RUN Sunrun Inc. call New 50,000 $659K
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 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