Jones Road Capital Management, L.P.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Jones Road Capital Management, L.P. reported 9 stock positions worth $23.4 million. Its top holding was Carpenter Technology (CRS) at 31.2% of the portfolio, followed by Meta Platforms Class A (META, 25.9%) and Oracle (ORCL, 24.5%). Compared with Q4 2025, it added to 2 and reduced 4. The biggest buy was Carpenter Technology (CRS, shares +3%) and the biggest sale Meta Platforms Class A (META, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001842361
- Portfolio Value
- $23.4M (Q1 2026)
- SEC Filing
- 0001842361-26-000003 ↗ filed May 14, 2026
Holdings Value
Holdings 9 stocks · $23.4M
| CRS Carpenter Technology | 31.15% | 18,500 | $7.3M | Add +2.8% |
| META Meta Platforms Inc. Class A | 25.94% | 10,610 | $6.1M | Reduce -49.5% |
| ORCL Oracle Corp. | 24.45% | 38,900 | $5.7M | Add +18.2% |
| ATI Ati Inc. | 6.21% | 10,000 | $1.5M | Reduce -66.7% |
| AVB Avalonbay Communities Inc. | 3.98% | 5,700 | $931K | Reduce -41.2% |
| VISN Vistance Networks Inc. | 3.89% | 50,000 | $910K | No change |
| MSFT Microsoft Corp. | 2.69% | 1,700 | $629K | Reduce -41.4% |
| CYH Community Health Systems Inc. | 1.29% | 102,400 | $301K | No change |
| NFE New Fortress Energy Inc. | 0.40% | 159,700 | $94K | No change |
Options reported separately and not counted above: BKLN puts ($4.1M).
Other holdings (4): bonds, preferreds, convertibles and warrants · $27.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 11,154,000 | $15.5M | Reduce -25.2% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 4,732,000 | $6.6M | Reduce -38.8% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 52,700 | $3.4M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 2,230,000 | $2.3M | Reduce -40.2% |
Total filed on the 13F, all lines: $51.2M.
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
Options Activity Q4 2025 → Q1 2026
| GEV GE Vernova Inc. | put | Sold out | 50,000 | $32.7Mbefore exit |
| ORCL Oracle Corp. | put | Sold out | 75,000 | $14.6Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 10,000 | $6.1Mbefore exit |
| AAPL Apple Inc. | put | Sold out | 18,000 | $4.9Mbefore exit |
| BKLN Invesco Senior Loan ETF | put | New | 200,000 | $4.1M |
| NEE Nextera Energy Inc. | call | Sold out | 50,000 | $4.0Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Reduce -25.2% | 11,154,000 | $15.5M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Sold out | 9,879,000 | $10.2Mbefore exit |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -38.8% | 4,732,000 | $6.6M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 5,000,000 | $5.2Mbefore exit |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | Sold out | 5,000,000 | $4.9Mbefore exit |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -40.2% | 2,230,000 | $2.3M |
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 |