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JCM
JAT Capital Management Portfolio holdings
AUM
$47.4M
1-Year Est. Return
177.04%
This Fund
S&P 500
This Quarter
Est. Return
-24.77%
1 Year Est. Return
+177.04%
3 Year Est. Return
+734.1%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$281M
AUM Growth
-$351M
(-55%)
Cap. Flow
-$194M
Cap. Flow
% of AUM
-68.85%
Top 10 Holdings %
Top 10 Hldgs %
91.37%
Holding
50
New
11
Increased
6
Reduced
4
Closed
29
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Celestica
CLS
|
+$53.9M |
| 2 |
Vistra
VST
|
+$28.3M |
| 3 |
HUT
Hut 8
HUT
|
+$25.4M |
| 4 |
Core Scientific
CORZ
|
+$18.8M |
| 5 |
Palantir
PLTR
|
+$17.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$61.1M |
| 2 |
Applied Optoelectronics
AAOI
|
+$46.6M |
| 3 |
Applovin
APP
|
+$36.9M |
| 4 |
Coherent
COHR
|
+$28.2M |
| 5 |
MasTec
MTZ
|
+$23.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 56.45% |
| 2 | Utilities | 16.98% |
| 3 | Financials | 10.99% |
| 4 | Communication Services | 8.7% |
| 5 | Miscellaneous | 6.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Applovin
APP
$105B
| – | – |
-114,081
| Closed | -$36.9M |
|
27
Bloom Energy
BE
$64.2B
| – | – |
-308,490
| Closed | -$6.85M |
|
28
Avis
CAR
$4.93B
| – | – |
-200,876
| Closed | -$16.2M |
|
|
29
CALL
Constellation Energy
CEG
$100B
| – | – |
-140,000
| Closed | -$31.3M |
|
|
CLBR.U
30
DELISTED
Colombier Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CLBR.U
| – | – |
-415,350
| Closed | -$5.13M |
|
31
Cinemark Holdings
CNK
$4.24B
| – | – |
-313,990
| Closed | -$9.73M |
|
|
32
Coherent
COHR
$57.8B
| – | – |
-297,185
| Closed | -$28.2M |
|
33
Carvana
CVNA
$53.3B
| – | – |
-432,725
| Closed | -$17.6M |
|
34
DraftKings
DKNG
$12B
| – | – |
-228,435
| Closed | -$8.5M |
|
35
Duolingo
DUOL
$6.68B
| – | – |
-30,036
| Closed | -$9.74M |
|
36
Elastic
ESTC
$8.7B
| – | – |
-50,000
| Closed | -$4.95M |
|
37
GitLab
GTLB
$7.57B
| – | – |
-34,210
| Closed | -$1.93M |
|
38
Hertz
HTZ
$727M
| – | – |
-395,790
| Closed | -$1.45M |
|
39
MongoDB
MDB
$35.4B
| – | – |
-13,575
| Closed | -$3.16M |
|
40
Meta Platforms (Facebook)
META
$1.45T
| – | – |
-15,000
| Closed | -$8.78M |
|
41
monday.com
MNDY
$4.21B
| – | – |
-30,109
| Closed | -$7.09M |
|
|
42
MasTec
MTZ
$20.2B
| – | – |
-173,814
| Closed | -$23.7M |
|
43
Pinterest
PINS
$13B
| – | – |
-13,462
| Closed | -$390K |
|
44
Roblox
RBLX
$27.3B
| – | – |
-12,015
| Closed | -$695K |
|
45
Shopify
SHOP
$199B
| – | – |
-12,500
| Closed | -$1.33M |
|
46
Tesla
TSLA
$1.4T
| – | – |
-35,426
| Closed | -$14.3M |
|
47
Trade Desk
TTD
$6.31B
| – | – |
-131,907
| Closed | -$15.5M |
|
48
Western Digital
WDC
$167B
| – | – |
-50,835
| Closed | -$2.29M |
|
49
GE Vernova
GEV
$254B
| – | – |
-10,000
| Closed | -$3.29M |
|
|
NBIS
50
Nebius Group N.V.
NBIS
$59.4B
| – | – |
-60,125
| Closed | -$1.67M |
|
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JAT Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, JAT Capital Management held 50 positions worth $281M, down 55% from $632M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
JAT Capital Management withdrew a net $194M in Q1 2025, closing 29 positions and reducing 4 holdings. Its most notable exit was Applied Optoelectronics, an estimated $46.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 56% of assets, up from 39% a quarter earlier, followed by Utilities and Financials.
Against the trend, JAT Capital Management opened a new position in Celestica worth $40.1M.
- JAT Capital Management's largest Q1 2025 buy was Celestica: 508,524 shares worth $40.1M.
- JAT Capital Management added most to Hut 8 in Q1 2025, an estimated $25.4M increase.
- JAT Capital Management's biggest Q1 2025 reduction was Constellation Energy, cutting an estimated $61.1M.
- JAT Capital Management fully exited Applied Optoelectronics in Q1 2025, selling an estimated $46.6M.
- JAT Capital Management's ten largest holdings make up 91% of its $281M portfolio in Q1 2025.
- JAT Capital Management opened 11 new positions and closed 29 in Q1 2025.
- JAT Capital Management's portfolio value fell 55% quarter-over-quarter to $281M.
Based on JAT Capital Management's 13F filing for Q1 2025, filed 15 May 2025.