Jones Road Capital Management, L.P. 13F annual report
Jones Road Capital Management, L.P. is an investment fund managing more than $94.2 billion ran by Robert Renda. There are currently 20 companies in Mr. Renda’s portfolio. The largest investments include Meta Platforms Inc and Ishares Tr, together worth $33.5 billion.
$94.2 billion Assets Under Management (AUM)
As of 6th August 2024, Jones Road Capital Management, L.P.’s top holding is 43,175 shares of Meta Platforms Inc currently worth over $21.8 billion and making up 23.1% of the portfolio value.
Relative to the number of outstanding shares of Meta Platforms Inc, Jones Road Capital Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 109,344 shares of Ishares Tr worth $11.7 billion.
The third-largest holding is Invesco Exch Traded Fd Tr Ii worth $10.8 billion and the next is Tenet Healthcare worth $7.91 billion, with 59,483 shares owned.
Currently, Jones Road Capital Management, L.P.'s portfolio is worth at least $94.2 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Jones Road Capital Management, L.P.
The Jones Road Capital Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Robert Renda serves as the Chief Compliance Officer at Jones Road Capital Management, L.P..
Recent trades
In the most recent 13F filing, Jones Road Capital Management, L.P. revealed that it had opened a new position in
Blackstone Strategic Cred 20 and bought 30,000 shares worth $357 million.
The investment fund also strengthened its position in Invesco Exch Traded Fd Tr Ii by buying
100,000 additional shares.
This makes their stake in Invesco Exch Traded Fd Tr Ii total 512,724 shares worth $10.8 billion.
On the other hand, there are companies that Jones Road Capital Management, L.P. is getting rid of from its portfolio.
Jones Road Capital Management, L.P. closed its position in Screaming Eagle Acquisitn Co on 13th August 2024.
It sold the previously owned 273,857 shares for $2.93 billion.
Robert Renda also disclosed a decreased stake in MGM Resorts International by 0.2%.
This leaves the value of the investment at $4.51 billion and 101,513 shares.
One of the smallest hedge funds
The two most similar investment funds to Jones Road Capital Management, L.P. are Templeton & Phillips Capital Management and Camelot Technology Advisors, Inc. They manage $94.2 billion and $94.3 billion respectively.
Robert Renda investment strategy
Jones Road Capital Management, L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 30.6% of
the total portfolio value.
The fund focuses on investments in the United States as
30.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
20% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $135 billion.
The complete list of Jones Road Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Meta Platforms Inc |
No change
43,175
|
$21,769,699,000 | 23.11% |
| Ishares Tr |
No change
109,344
|
$11,712,929,000 | 12.43% |
| Invesco Exch Traded Fd Tr Ii |
24.23%
512,724
|
$10,787,713,000 | 11.45% |
| Tenet Healthcare Corp. |
No change
59,483
|
$7,913,023,000 | 8.40% |
| Oracle Corp. |
No change
50,000
|
$7,060,000,000 | 7.49% |
| Baxter International Inc. |
No change
140,813
|
$4,710,195,000 | 5.00% |
| MGM Resorts International |
16.91%
101,513
|
$4,511,238,000 | 4.79% |
| First Tr Sr Fltg Rate Income |
2.43%
421,879
|
$4,252,540,000 | 4.51% |
| Spirit Aerosystems Holdings Inc |
33.92%
116,903
|
$3,842,602,000 | 4.08% |
| Braemar Hotels Resorts Inc |
No change
1,337,018
|
$3,409,396,000 | 3.62% |
| International Game Technolog |
No change
161,121
|
$3,296,536,000 | 3.50% |
| Screaming Eagle Acquisitn Co |
Closed
273,857
|
$2,930,270,000 | |
| Avalonbay Cmntys Inc |
No change
13,857
|
$2,866,875,000 | 3.04% |
| Blackrock Floating Rate Inco |
Closed
209,417
|
$2,705,668,000 | |
| Adams Diversified Equity Fd |
1,249.68%
120,000
|
$2,578,800,000 | 2.74% |
| Playa Hotels Resorts Nv |
4.48%
233,200
|
$1,956,548,000 | 2.08% |
| Blackstone Seni Fltn Rat 202 |
No change
126,718
|
$1,775,319,000 | 1.88% |
| Community Health Sys Inc New |
No change
161,233
|
$541,743,000 | 0.57% |
| Blackstone Strategic Cred 20 |
Opened
30,000
|
$356,700,000 | 0.38% |
| Nuveen Vriabl Rat Pfd Inm |
No change
19,223
|
$353,319,000 | 0.38% |
| Commscope Hldg Co Inc |
Opened
275,000
|
$338,250,000 | 0.36% |
| Apollo Sr Floating Rate Fd I |
Closed
14,014
|
$199,700,000 | |
| Nuveen Floating Rate Income |
No change
21,340
|
$184,591,000 | 0.20% |
| No transactions found | |||
| Showing first 500 out of 23 holdings | |||
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