Jones Road Capital Management, L.P. In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Jones Road Capital Management, L.P. reported 19 stock positions worth $98.6 million . Its top holding was Meta Platforms Class A (META) at 21.8% of the portfolio, followed by Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 10.9% ) and Oracle (ORCL, 10.5% ). Compared with Q2 2024, it opened 3 new positions, sold out of 4, added to 9 and reduced 7. The biggest buy was a new position in Ati (ATI) and the biggest sale an exit from Tenet Healthcare (THC).
Location NEW YORK, NY
CIK 0001842361
Portfolio Value $98.6M (Q3 2024) Holdings 19 stocks · $98.6M 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 Q2 2024 META Meta Platforms Inc. Class A 37,580 $21.5M Reduce -13.0% LQD Ishr Ibx Usd Invgd CB ETF-Ui 95,173 $10.8M Reduce -13.0% ORCL Oracle Corp. 60,490 $10.3M Add +21.0% BKLN Invesco Senior Loan ETF 447,152 $9.4M Reduce -12.8% ATI Ati Inc. 130,345 $8.7M New ADX Adams Diversified Equity 375,103 $8.1M Add +212.6% GLW Corning Inc. 149,737 $6.8M New FCT First Trust SNR FL RT Inc. II 430,933 $4.5M Add +2.1% BHR Braemar Hotels & Resorts Inc. 1,229,347 $3.8M Reduce -8.1% MGM MGM Resorts International 69,548 $2.7M Reduce -31.5% AVB Avalonbay Communities Inc. 12,061 $2.7M Reduce -13.0% BAX Baxter International Inc. 61,109 $2.3M Reduce -56.6% VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 300,000 $1.8M Add +9.1% BSL Blackstone SNR Fltng RT 129,468 $1.8M Add +2.2% ACI Albertsons Cos Inc. Class A 70,534 $1.3M New CYH Community Health Systems Inc. 164,732 $1000K Add +2.2% BGB Blackstone Strategic Credit 39,751 $490K Add +32.5% NPFD Nuveen Var RT Pref & Inc. 19,639 $372K Add +2.2% JFR Nuveen Floating Rate Income 21,804 $192K Add +2.2%
Options reported separately and not counted above: MSFT calls ($86.1M), GEV puts ($25.5M), ORCL calls ($17.0M), PDD calls ($16.9M), NEE calls ($12.7M), FE calls ($8.9M), HPE calls ($7.2M), GLW puts ($6.8M), SPR calls ($6.5M), ASHR calls ($5.7M), MP calls ($1.8M).
Other holdings (5): bonds, preferreds, convertibles and warrants · $26.3M (not counted above) Total filed on the 13F, all lines: $124.9M.
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ THC Tenet Healthcare Corp. Sold out 0.00% −8.40 SPR Spirit Aerosystems Hold Class A Sold out 0.00% −4.08 BRSL Brightstar Lottery PLC Sold out 0.00% −3.50 BAX Baxter International Inc. Reduce -56.6% 2.35% −2.65 PLYA Playa Hotels & Resorts NV Sold out 0.00% −2.08 MGM MGM Resorts International Reduce -31.5% 2.76% −2.03 BKLN Invesco Senior Loan ETF Reduce -12.8% 9.53% −1.92 LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -13.0% 10.91% −1.52 META Meta Platforms Inc. Class A Reduce -13.0% 21.82% −1.28 AVB Avalonbay Communities Inc. Reduce -13.0% 2.76% −0.29 BHR Braemar Hotels & Resorts Inc. Reduce -8.1% 3.85% +0.23
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ ATI Ati Inc. New 8.85% +8.85 GLW Corning Inc. New 6.86% +6.86 ADX Adams Diversified Equity Add +212.6% 8.20% +5.47 ORCL Oracle Corp. Add +21.0% 10.46% +2.96 VISN Vistance Networks Inc. Add +9.1% 1.86% +1.50 ACI Albertsons Cos Inc. Class A New 1.32% +1.32 CYH Community Health Systems Inc. Add +2.2% 1.01% +0.44 BGB Blackstone Strategic Credit Add +32.5% 0.50% +0.12 FCT First Trust SNR FL RT Inc. II Add +2.1% 4.53% +0.02 NPFD Nuveen Var RT Pref & Inc. Add +2.2% 0.38% +0.00 JFR Nuveen Floating Rate Income Add +2.2% 0.20% −0.00 BSL Blackstone SNR Fltng RT Add +2.2% 1.85% −0.03
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ MSFT Microsoft Corp. call New 200,000 $86.1M GEV GE Vernova Inc. put New 100,000 $25.5M GLD SPDR Gold Shares call Sold out 100,000 $21.5Mbefore exit ORCL Oracle Corp. call Reduce -33.3% 100,000 $17.0M PDD PDD Holdings Inc. call Add +25.0% 125,000 $16.9M NEE Nextera Energy Inc. call New 150,000 $12.7M FE Firstenergy Corp. call New 200,000 $8.9M FCX Freeport-McMoran Inc. call Sold out 150,000 $7.3Mbefore exit HPE Hewlett Packard Enterprise call New 350,000 $7.2M GLW Corning Inc. put New 150,000 $6.8M SPR Spirit Aerosystems Hold Class A call New 200,000 $6.5M ASHR Xtrackers Harvest Csi 300 CH call New 200,000 $5.7M BAX Baxter International Inc. call Sold out 100,000 $3.3Mbefore exit BAX Baxter International Inc. put Sold out 100,000 $3.3Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024 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