Jones Road Capital Management, L.P.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Jones Road Capital Management, L.P. reported 20 stock positions worth $94.2 million. Its top holding was Meta Platforms Class A (META) at 23.1% of the portfolio, followed by Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 12.4%) and Invesco Senior Loan ETF (BKLN, 11.4%). Compared with Q1 2024, it opened 2 new positions, sold out of 3, added to 4 and reduced 2. The biggest buy was Adams Diversified Equity (ADX, shares +1250%) and the biggest sale an exit from Screaming Eagle Acq Class A (SCRM).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001842361
Portfolio Value
$94.2M (Q2 2024)
SEC Filing
0001842361-24-000006 ↗ filed Aug 13, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $96.5M Q1 2024 Q2 2024: $94.2M $94.2M Q2 2024 Q3 2024: $98.6M Q3 2024 Q4 2024: $108.4M Q4 2024 Q1 2025: $83.1M Q1 2025 Q2 2025: $51.1M Q2 2025 Q3 2025: $45.7M Q3 2025 Q4 2025: $34.0M Q4 2025 Q1 2026: $23.4M Q1 2026 Q2 2026: $9.3M Q2 2026

Holdings 20 stocks · $94.2M
META Meta Platforms Inc. Class A 23.11% 43,175 $21.8M No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 12.43% 109,344 $11.7M No change
BKLN Invesco Senior Loan ETF 11.45% 512,724 $10.8M Add +24.2%
THC Tenet Healthcare Corp. 8.40% 59,483 $7.9M No change
ORCL Oracle Corp. 7.49% 50,000 $7.1M No change
BAX Baxter International Inc. 5.00% 140,813 $4.7M No change
MGM MGM Resorts International 4.79% 101,513 $4.5M Reduce -16.9%
FCT First Trust SNR FL RT Inc. II 4.51% 421,879 $4.3M Add +2.4%
SPR Spirit Aerosystems Hold Class A 4.08% 116,903 $3.8M Reduce -33.9%
BHR Braemar Hotels & Resorts Inc. 3.62% 1,337,018 $3.4M No change
BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG 3.50% 161,121 $3.3M No change
AVB Avalonbay Communities Inc. 3.04% 13,857 $2.9M No change
ADX Adams Diversified Equity 2.74% 120,000 $2.6M Add +1249.7%
PLYA Playa Hotels & Resorts NV 2.08% 233,200 $2.0M Add +4.5%
BSL Blackstone SNR Fltng RT 1.88% 126,718 $1.8M No change
CYH Community Health Systems Inc. 0.57% 161,233 $542K No change
BGB Blackstone Strategic Credit 0.38% 30,000 $357K New
NPFD Nuveen Var RT Pref & Inc. 0.38% 19,223 $353K No change
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.36% 275,000 $338K New
JFR Nuveen Floating Rate Income 0.20% 21,340 $185K No change

Options reported separately and not counted above: GLD calls ($21.5M), ORCL calls ($21.2M), PDD calls ($13.3M), FCX calls ($7.3M), BAX puts ($3.3M), BAX calls ($3.3M), MP calls ($1.3M).

Other holdings (8): bonds, preferreds, convertibles and warrants · $46.0M (not counted above)
SecurityClassShares / PrincipalValueChange
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 15,000,000$15.0MNew
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal 15,000,000$14.9MNew
ATI INC (ATI 3.5 06/15/25) NOTE 3.500% 6/1 · principal 3,500,000$12.5MNo change
IQIYI INC (IQ 4 12/15/26) NOTE 4.000%12/1 · principal 2,500,000$2.5MNo change
BRAEMAR HOTELS & RESORTS (BHR 4.5 06/01/26) NOTE 4.500% 6/0 · principal 1,000,000$896KNo change
ALURW Allurion Technologies-28 *W EXP 08/01/203 44,393$44KNo change
DNABW Ginkgo Bioworks -CW27 *W EXP 09/16/202 50,000$17KNo change
UNITED HOMES GROUP INC *W EXP 03/30/202 2,500$14KNo change

Total filed on the 13F, all lines: $140.2M.

Portfolio Sells Q1 2024 → Q2 2024
SCRM Screaming Eagle Acq Class A Sold out 0.00% −3.04
XFRAX BlackRock Fltng RT Inc. Strat Sold out 0.00% −2.80
SPR Spirit Aerosystems Hold Class A Reduce -33.9% 4.08% −2.53
MGM MGM Resorts International Reduce -16.9% 4.79% −1.19
AFT Apollo Senior Floating Rate Sold out 0.00% −0.21

Portfolio Buys Q1 2024 → Q2 2024
ADX Adams Diversified Equity Add +1249.7% 2.74% +2.56
BKLN Invesco Senior Loan ETF Add +24.2% 11.45% +2.41
BGB Blackstone Strategic Credit New 0.38% +0.38
VISN Vistance Networks Inc. New 0.36% +0.36
FCT First Trust SNR FL RT Inc. II Add +2.4% 4.51% +0.10
PLYA Playa Hotels & Resorts NV Add +4.5% 2.08% −0.17

Options Activity Q1 2024 → Q2 2024
GLD SPDR Gold Shares call New 100,000 $21.5M
ORCL Oracle Corp. call New 150,000 $21.2M
PDD PDD Holdings Inc. call Add +33.3% 100,000 $13.3M
FCX Freeport-McMoran Inc. call New 150,000 $7.3M
ORCL Oracle Corp. put Sold out 54,000 $6.8Mbefore exit
SPR Spirit Aerosystems Hold Class A call Sold out 100,000 $3.6Mbefore exit
BAX Baxter International Inc. put New 100,000 $3.3M
BAX Baxter International Inc. call New 100,000 $3.3M
RUN Sunrun Inc. call Sold out 50,000 $659Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2024 → Q2 2024
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal New 15,000,000 $15.0M
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal New 15,000,000 $14.9M
SCRMW Screaming Eagle Acq Class A -27 *W EXP 99/99/999 Sold out 83,333 $892Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$9.3MMETA, CRS, FE, ATI, ORCL
Q1 2026 9$23.4MCRS, META, ORCL, ATI, AVB
Q4 2025 9$34.0MMETA, ORCL, CRS, ATI, AVB
Q3 2025 11$45.7MMETA, ORCL, ATI, VISN, AVB
Q2 2025 11$51.1MMETA, ORCL, ATI, VISN, AVB
Q1 2025 17$83.1MMETA, BKLN, ORCL, LQD, ADX
Q4 2024 21$108.4MMETA, BKLN, HPE, LQD, ORCL
Q3 2024 19$98.6MMETA, LQD, ORCL, BKLN, ATI
Q2 2024 20$94.2MMETA, LQD, BKLN, THC, ORCL
Q1 2024 21$96.5MMETA, LQD, BKLN, SPR, ORCL