JONES ROAD CAPITAL MANAGEMENT, L.P. Hedge Fund

CIK: 0001842361 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $154,703 (64.6% shares, 35.4% debt)

Holdings (21)

New Positions (7)

GEV GE VERNOVA INC 21.1%

Value ($000) $32,679 Shares 50,000 Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 4.0%

Value ($000) $6,143 Shares 10,000 Est. Cost — Unrealized —

CRS CARPENTER TECHNOLOGY CORP 3.7%

Value ($000) $5,667 Shares 18,000 Est. Cost $300.56 Unrealized 0.0%

— FORD MTR CO 3.4%

Value ($000) $5,205 Shares 5,000,000 Est. Cost $1.04 Unrealized —

— MERITAGE HOMES CORP 3.2%

Value ($000) $4,942 Shares 5,000,000 Est. Cost $0.99 Unrealized —

AAPL APPLE INC 3.2%

Value ($000) $4,893 Shares 18,000 Est. Cost — Unrealized —

NEE NEXTERA ENERGY INC 2.6%

Value ($000) $4,014 Shares 50,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GEV	GE VERNOVA INC	50,000	$32,679	21.1%	—	—	PUT	36828A101
QQQ	INVESCO QQQ TR	10,000	$6,143	4.0%	—	—	PUT	46090E103
CRS	CARPENTER TECHNOLOGY CORP	18,000	$5,667	3.7%	$300.56	0.0%	COM	144285103
—	FORD MTR CO	5,000,000	$5,205	3.4%	$1.04	—	NOTE 3/1	345370CZ1
—	MERITAGE HOMES CORP	5,000,000	$4,942	3.2%	$0.99	—	NOTE 1.750% 5/1	59001ABF8
AAPL	APPLE INC	18,000	$4,893	3.2%	—	—	PUT	037833100
NEE	NEXTERA ENERGY INC	50,000	$4,014	2.6%	—	—	CALL	65339F101

Increased Positions (4)

ORCL ORACLE CORP 9.4%

Value ($000) $14,618 (+141.8%) Shares 75,000 (+248.8%) Est. Cost $127.78 Unrealized +86.3%

— BOEING CO 2.4%

Value ($000) $3,639 (+38.8%) Shares 52,700 (+39.8%) Est. Cost $63.00 Unrealized —

META META PLATFORMS INC 9.0%

Value ($000) $13,868 (-3.2%) Shares 21,010 (+7.7%) Est. Cost $344.02 Unrealized +94.0%

NFE NEW FORTRESS ENERGY INC 0.1%

Value ($000) $182 (-24.9%) Shares 159,700 (+45.6%) Est. Cost $3.11 Unrealized -52.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	75,000 (+248.8%)	$14,618 (+141.8%)	9.4%	$127.78	+86.3%	PUT	68389X105
—	BOEING CO	52,700 (+39.8%)	$3,639 (+38.8%)	2.4%	$63.00	—	DEP CONV PFD A	097023204
META	META PLATFORMS INC	21,010 (+7.7%)	$13,868 (-3.2%)	9.0%	$344.02	+94.0%	CL A	30303M102
NFE	NEW FORTRESS ENERGY INC	159,700 (+45.6%)	$182 (-24.9%)	0.1%	$3.11	-52.6%	COM CL A	644393100

Exited Positions (5)

MSFT MICROSOFT CORP 40.2%

Value ($000) $62,154 Shares 120,000 Est. Cost $405.08 Unrealized +23.6%

FXI ISHARES TR 4.0%

Value ($000) $6,171 Shares 150,000 Est. Cost — Unrealized —

BA BOEING CO 0.6%

Value ($000) $971 Shares 4,500 Est. Cost $157.70 Unrealized +30.4%

AAL AMERICAN AIRLS GROUP INC 0.5%

Value ($000) $744 Shares 66,200 Est. Cost $11.10 Unrealized +21.5%

DUK DUKE ENERGY CORP NEW 0.1%

Value ($000) $223 Shares 1,800 Est. Cost $119.80 Unrealized +1.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	120,000	$62,154	40.2%	$405.08	+23.6%	CALL	594918104
FXI	ISHARES TR	150,000	$6,171	4.0%	—	—	CALL	464287184
BA	BOEING CO	4,500	$971	0.6%	$157.70	+30.4%	—	097023105
AAL	AMERICAN AIRLS GROUP INC	66,200	$744	0.5%	$11.10	+21.5%	—	02376R102
DUK	DUKE ENERGY CORP NEW	1,800	$223	0.1%	$119.80	+1.5%	—	26441C204

Decreased Positions (3)

VISN COMMSCOPE HLDG CO INC 0.6%

Value ($000) $907 (-86.5%) Shares 50,000 (-88.5%) Est. Cost $3.40 Unrealized +407.0%

ORCL ORACLE CORP 4.1%

Value ($000) $6,413 (-46.9%) Shares 32,900 (-23.3%) Est. Cost $127.78 Unrealized +86.3%

ATI ATI INC 2.2%

Value ($000) $3,443 (-48.8%) Shares 30,000 (-63.7%) Est. Cost $61.58 Unrealized +58.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VISN	COMMSCOPE HLDG CO INC	50,000 (-88.5%)	$907 (-86.5%)	0.6%	$3.40	+407.0%	COM	20337X109
ORCL	ORACLE CORP	32,900 (-23.3%)	$6,413 (-46.9%)	4.1%	$127.78	+86.3%	COM	68389X105
ATI	ATI INC	30,000 (-63.7%)	$3,443 (-48.8%)	2.2%	$61.58	+58.2%	COM	01741R102

Unchanged Positions (7)

— ALIBABA GROUP HLDG LTD 7.8%

Value ($000) $12,027 Shares 7,732,000 Est. Cost $1.84 Unrealized —

— NEXTERA ENERGY CAP HLDGS INC 12.0%

Value ($000) $18,552 Shares 14,919,000 Est. Cost $1.16 Unrealized —

— DUKE ENERGY CORP NEW 6.6%

Value ($000) $10,188 Shares 9,879,000 Est. Cost $1.01 Unrealized —

AVB AVALONBAY CMNTYS INC 1.1%

Value ($000) $1,759 Shares 9,700 Est. Cost $150.11 Unrealized +19.8%

MSFT MICROSOFT CORP 0.9%

Value ($000) $1,402 Shares 2,900 Est. Cost $405.08 Unrealized +23.6%

— PG&E CORP 2.5%

Value ($000) $3,842 Shares 3,730,000 Est. Cost $1.09 Unrealized —

CYH COMMUNITY HEALTH SYS INC NEW 0.2%

Value ($000) $319 Shares 102,400 Est. Cost $3.21 Unrealized +4.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALIBABA GROUP HLDG LTD	7,732,000	$12,027	7.8%	$1.84	—	NOTE 0.500% 6/0	01609WBG6
—	NEXTERA ENERGY CAP HLDGS INC	14,919,000	$18,552	12.0%	$1.16	—	NOTE 3.000% 3/0	65339KCY4
—	DUKE ENERGY CORP NEW	9,879,000	$10,188	6.6%	$1.01	—	NOTE 4.125% 4/1	26441CBY0
AVB	AVALONBAY CMNTYS INC	9,700	$1,759	1.1%	$150.11	+19.8%	COM	053484101
MSFT	MICROSOFT CORP	2,900	$1,402	0.9%	$405.08	+23.6%	COM	594918104
—	PG&E CORP	3,730,000	$3,842	2.5%	$1.09	—	NOTE 4.250%12/0	69331CAL2
CYH	COMMUNITY HEALTH SYS INC NEW	102,400	$319	0.2%	$3.21	+4.7%	COM	203668108