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JCM
JAT Capital Management Portfolio holdings
AUM
$47.4M
Turnover
70%
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
Avg Time Held Equity + Options
0.2
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.2
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Celestica
CLS
|
+$53.9M |
| 2 |
Vistra
VST
|
+$28.3M |
| 3 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Core Scientific
CORZ
$4.65B
| $54.3M | 19.32% |
7,505,350
+1,652,437
| +28% | +$18.8M |
2024 Q2
3 quarters
|
|
|
2
Celestica
CLS
$39.8B
| $40.1M | 14.25% |
+508,524
| New | +$53.9M |
2025 Q1
0 quarters
|
|
|
3
Hut 8
HUT
$9.38B
| $28.2M | 10.03% |
2,428,631
+1,374,512
| +130% | +$25.4M |
2024 Q3
2 quarters
|
|
4
Oracle
ORCL
$408B
| $24.1M | 8.57% |
172,500
+46,067
| +36% | +$7.5M |
2024 Q4
1 quarter
|
|
|
5
Constellation Energy
CEG
$97.4B
| $22.8M | 8.1% |
113,062
-228,020
| -67% | -$61.1M |
2024 Q2
3 quarters
|
|
|
6
Vistra
VST
$51.7B
| $22.3M | 7.92% |
+189,716
| New | +$28.3M |
2025 Q1
0 quarters
|
|
7
Reddit
RDDT
$30.7B
| $21.4M | 7.61% |
204,007
+95,248
| +88% | +$15.7M |
2024 Q1
4 quarters
|
|
|
8
CALL
Core Scientific
CORZ
$4.65B
| $18.1M | 6.44% |
2,500,500
+1,433,300
| +134% | +$16.3M |
2024 Q3
2 quarters
|
|
|
9
Palantir
PLTR
$482B
| $16.6M | 5.89% |
+196,131
| New | +$17.2M |
2025 Q1
0 quarters
|
|
10
WIX.com
WIX
$3.4B
| $9.12M | 3.24% |
+55,802
| New | +$11.6M |
2025 Q1
0 quarters
|
|
11
Broadcom
AVGO
$1.64T
| $8.96M | 3.18% |
+53,500
| New | +$11.3M |
2025 Q1
0 quarters
|
|
12
Dell
DELL
$301B
| $3.79M | 1.35% |
+41,600
| New | +$4.4M |
2025 Q1
0 quarters
|
|
13
Robinhood
HOOD
$93.5B
| $2.7M | 0.96% |
+64,971
| New | +$3.09M |
2025 Q1
0 quarters
|
|
14
Oklo
OKLO
$5.58B
| $2.68M | 0.95% |
123,830
-573,212
| -82% | -$19.4M |
2024 Q4
1 quarter
|
|
15
CoreWeave
CRWV
$38.4B
| $1.39M | 0.49% |
+37,500
| New | +$1.45M |
2025 Q1
0 quarters
|
|
16
Spotify
SPOT
$110B
| $1.22M | 0.44% |
2,226
+1,375
| +162% | +$768K |
2024 Q4
1 quarter
|
|
17
Sphere Entertainment
SPHR
$3.91B
| $1.17M | 0.42% |
+35,856
| New | +$1.46M |
2025 Q1
0 quarters
|
|
|
18
CALL
Hut 8
HUT
$9.38B
| $1.1M | 0.39% |
+94,500
| New | +$1.74M |
2025 Q1
0 quarters
|
|
19
DELISTED
Warner Bros
WBD
| $671K | 0.24% |
62,564
-587,436
| -90% | -$6.14M |
2024 Q4
1 quarter
|
|
20
Credo Technology Group
CRDO
$33.5B
| $430K | 0.15% |
+10,699
| New | +$665K |
2025 Q1
0 quarters
|
|
|
21
CALL
Applied Optoelectronics
AAOI
$7.11B
| $160K | 0.06% |
10,400
-374,700
| -97% | -$9.42M |
2024 Q4
1 quarter
|
|
|
22
Applied Optoelectronics
AAOI
$7.11B
| – | – |
-1,851,730
| Closed | -$46.6M | – |
|
23
Adobe
ADBE
$97.9B
| – | – |
-26,290
| Closed | -$11.7M | – |
|
24
Amazon
AMZN
$2.75T
| – | – |
-87,500
| Closed | -$19.2M | – |
|
25
Arista Networks
ANET
$234B
| – | – |
-17,633
| Closed | -$1.95M | – |
|
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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.