JAG CAPITAL MANAGEMENT, LLC

ST LOUIS, MO · CIK 1080374 · 13F filing filed 2023-09-07

SEC-registered investment adviser since 2011 · limited liability company

Assets managed$1.9bn
Staff21 · 13 in investment roles
Main clients (by assets)Charities 28%, High net worth individuals 18%, Pension plans 12%
Main officeSt. Louis, MO
Form ADV · 2026-05-21SEC adviser record

Legal entityJAG CAPITAL MANAGEMENT LLC (US)

$689.4m reported value -3.7% vs Q3 2022

167positions

34.9%in top 10

18 new 45 added 92 reduced 22 sold out vs Q3 2022

Options: 2 call positions ($170.6k notional), 1 put positions ($51.2k notional) – listed below, not included above.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	169,275	$40.6m5.89%	5.89%	Reduced -8.1k	-8,136 -4.6%
2	APPLE INC COM AAPL	AAPL	266,094	$34.6m5.02%	5.02%	Reduced -15.7k	-15,718 -5.6%
3	MASTERCARD INCORPORATED CL A MA	MA	74,695	$26.0m3.77%	3.77%	Added +37	+37 0.1%
4	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	87,411	$23.2m3.36%	3.36%	Added +11.8k	+11,791 15.6%
5	AMAZON COM INC COM AMZN	AMZN	236,611	$19.9m2.88%	2.88%	Reduced -7.2k	-7,204 -3.0%
6	QUANTA SVCS INC COM PWR	PWR	137,572	$19.6m2.84%	2.84%	Reduced -12.5k	-12,486 -8.3%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	218,697	$19.3m2.80%	2.80%	Reduced -21.7k	-21,701 -9.0%
8	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	34,880	$19.2m2.79%	2.79%	Reduced -12.5k	-12,505 -26.4%
9	GARTNER INC COM IT	IT	56,961	$19.1m2.78%	2.78%	Reduced -7.2k	-7,190 -11.2%
10	ADOBE INC COM ADBE	ADBE	56,525	$19.0m2.76%	2.76%	Reduced -10.7k	-10,714 -15.9%
11	COSTCO WHSL CORP NEW COM COST	COST	37,778	$17.2m2.50%	2.50%	Added +5.3k	+5,309 16.4%
12	DEERE & CO COM DE	DE	39,456	$16.9m2.45%	2.45%	Added +2.8k	+2,766 7.5%
13	LULULEMON ATHLETICA INC COM LULU	LULU	50,464	$16.2m2.35%	2.35%	Reduced -2.2k	-2,164 -4.1%
14	MARKEL GROUP INC COM MKL	MKL	11,259	$14.8m2.15%	2.15%	Added +2.5k	+2,460 28.0%
15	MCKESSON CORP COM MCK	MCK	38,461	$14.4m2.09%	2.09%	Reduced -28.8k	-28,753 -42.8%
16	DECKERS OUTDOOR CORP COM DECK	DECK	35,833	$14.3m2.07%	2.07%	Reduced -4.7k	-4,699 -11.6%
17	ELI LILLY & CO COM LLY	LLY	37,876	$13.9m2.01%	2.01%	Reduced -3.7k	-3,743 -9.0%
18	UNITEDHEALTH GROUP INC COM UNH	UNH	25,125	$13.3m1.93%	1.93%	Reduced -65	-65 -0.3%
19	THE TRADE DESK INC COM CL A TTD	TTD	294,958	$13.2m1.92%	1.92%	Reduced -24.2k	-24,244 -7.6%
20	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	44,051	$12.7m1.85%	1.85%	Reduced -2.0k	-2,037 -4.4%
21	ON SEMICONDUCTOR CORP COM ON	ON	203,405	$12.7m1.84%	1.84%	Added +25.8k	+25,811 14.5%
22	ACTIVISION BLIZZARD INC COM ATVI	ATVI	157,873	$12.1m1.75%	1.75%	New
23	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	13,714	$11.6m1.68%	1.68%	Reduced -5.7k	-5,677 -29.3%
24	TRACTOR SUPPLY CO COM TSCO	TSCO	48,631	$10.9m1.59%	1.59%	Reduced -7.3k	-7,251 -13.0%
25	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	7,024	$9.7m1.41%	1.41%	Reduced -706	-706 -9.1%
26	HOME DEPOT INC COM HD	HD	30,720	$9.7m1.41%	1.41%	Added +23.6k	+23,642 334.0%
27	DEXCOM INC COM DXCM	DXCM	79,952	$9.1m1.31%	1.31%	New
28	BROADCOM INC COM AVGO	AVGO	14,982	$8.4m1.22%	1.22%	Added +11.0k	+10,978 274.2%
29	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	12,908	$7.1m1.02%	1.02%	Reduced -1.1k	-1,084 -7.8%
30	WASTE MGMT INC DEL COM WM	WM	43,400	$6.8m0.99%	0.99%	Added +716	+716 1.7%
31	CHENIERE ENERGY INC COM NEW LNG	LNG	36,759	$5.5m0.80%	0.80%	Reduced -3.5k	-3,539 -8.8%
32	S&P GLOBAL INC COM SPGI	SPGI	16,448	$5.5m0.80%	0.80%	Reduced -122	-122 -0.7%
33	SERVICENOW INC COM NOW	NOW	12,928	$5.0m0.73%	0.73%	Reduced -1.1k	-1,146 -8.1%
34	VULCAN MATLS CO COM VMC	VMC	26,601	$4.7m0.68%	0.68%	Added +21.0k	+21,023 376.9%
35	REGENERON PHARMACEUTICALS COM REGN	REGN	6,424	$4.6m0.67%	0.67%	New
36	TARGET CORP COM TGT	TGT	30,681	$4.6m0.66%	0.66%	Reduced -5.0k	-5,011 -14.0%
37	UNION PAC CORP COM UNP	UNP	20,074	$4.2m0.60%	0.60%	Reduced -1.4k	-1,389 -6.5%
38	PEPSICO INC COM PEP	PEP	22,277	$4.0m0.58%	0.58%	Added +1.0k	+1,042 4.9%
39	EPAM SYS INC COM EPAM	EPAM	12,176	$4.0m0.58%	0.58%	Reduced -823	-823 -6.3%
40	ALPHABET INC CAP STK CL C GOOG	GOOG	44,608	$4.0m0.57%	0.57%	Reduced -1.2k	-1,159 -2.5%
41	AMERICAN EXPRESS CO COM AXP	AXP	26,762	$4.0m0.57%	0.57%	Reduced -38.8k	-38,831 -59.2%
42	PROCTER AND GAMBLE CO COM PG	PG	25,860	$3.9m0.57%	0.57%	Added +1.2k	+1,161 4.7%
43	TESLA INC COM TSLA	TSLA	29,931	$3.7m0.53%	0.53%	Reduced -7.0k	-6,992 -18.9%
44	LOWES COS INC COM LOW	LOW	18,370	$3.7m0.53%	0.53%	Added +103	+103 0.6%
45	NVIDIA CORPORATION COM NVDA	NVDA	24,473	$3.6m0.52%	0.52%	Added +1.6k	+1,636 7.2%
46	AMERICAN TOWER CORP NEW COM AMT	AMT	16,286	$3.5m0.50%	0.50%	Reduced -1.1k	-1,108 -6.4%
47	APPLIED MATLS INC COM AMAT	AMAT	35,017	$3.4m0.49%	0.49%	Added +1.8k	+1,758 5.3%
48	DOLLAR GEN CORP NEW COM DG	DG	13,359	$3.3m0.48%	0.48%	New
49	FISERV INC COM FISV	FISV	30,885	$3.1m0.45%	0.45%	Added +1.2k	+1,233 4.2%
50	T-MOBILE US INC COM TMUS	TMUS	22,022	$3.1m0.45%	0.45%	New
51	SALESFORCE INC COM CRM	CRM	22,592	$3.0m0.43%	0.43%	Reduced -2.5k	-2,514 -10.0%
52	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	12,404	$3.0m0.43%	0.43%	Reduced -2.5k	-2,492 -16.7%
53	ELEVANCE HEALTH INC COM ELV	ELV	5,617	$2.9m0.42%	0.42%	Added +646	+646 13.0%
54	UNITED RENTALS INC COM URI	URI	8,036	$2.9m0.41%	0.41%	Reduced -88	-88 -1.1%
55	PAYPAL HLDGS INC COM PYPL	PYPL	37,510	$2.7m0.39%	0.39%	Reduced -6.7k	-6,724 -15.2%
56	DISNEY WALT CO COM DIS	DIS	29,304	$2.5m0.37%	0.37%	Reduced -984	-984 -3.2%
57	SIMMONS 1ST NATL CORP CL A $1 PAR SFNC	SFNC	117,480	$2.5m0.37%	0.37%	Reduced -47.7k	-47,729 -28.9%
58	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	9,339	$2.5m0.36%	0.36%	Reduced -596	-596 -6.0%
59	CISCO SYS INC COM CSCO	CSCO	52,007	$2.5m0.36%	0.36%	Reduced -71	-71 -0.1%
60	QUALCOMM INC COM QCOM	QCOM	21,624	$2.4m0.34%	0.34%	Reduced -38.3k	-38,294 -63.9%
61	COCA COLA CO COM KO	KO	37,230	$2.4m0.34%	0.34%	Added +591	+591 1.6%
62	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	8,415	$2.4m0.34%	0.34%	Reduced -382	-382 -4.3%
63	CUMMINS INC COM CMI	CMI	9,659	$2.3m0.34%	0.34%	Added +449	+449 4.9%
64	DICKS SPORTING GOODS INC COM DKS	DKS	19,234	$2.3m0.34%	0.34%	Reduced -1.1k	-1,065 -5.2%
65	COLGATE PALMOLIVE CO COM CL	CL	29,288	$2.3m0.33%	0.33%	Added +246	+246 0.8%
66	STARBUCKS CORP COM SBUX	SBUX	22,977	$2.3m0.33%	0.33%	Added +183	+183 0.8%
67	REGIONS FINANCIAL CORP NEW COM RF	RF	104,072	$2.2m0.33%	0.33%	Added +576	+576 0.6%
68	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	7,234	$2.2m0.32%	0.32%	Reduced -195	-195 -2.6%
69	PNC FINL SVCS GROUP INC COM PNC	PNC	13,984	$2.2m0.32%	0.32%	Added +411	+411 3.0%
70	CATERPILLAR INC COM CAT	CAT	8,977	$2.2m0.31%	0.31%	Added +7.6k	+7,640 571.4%
71	BLACKSTONE INC COM BX	BX	28,230	$2.1m0.30%	0.30%	Reduced -5.2k	-5,249 -15.7%
72	NETFLIX INC COM NFLX	NFLX	7,027	$2.1m0.30%	0.30%	Reduced -2.4k	-2,399 -25.4%
73	ABBVIE INC COM ABBV	ABBV	12,242	$2.0m0.29%	0.29%	Reduced -851	-851 -6.5%
74	CHUBB LIMITED COM CB	CB	8,875	$2.0m0.28%	0.28%	Reduced -561	-561 -6.0%
75	ABBOTT LABS COM ABT	ABT	17,179	$1.9m0.27%	0.27%	Reduced -11.4k	-11,375 -39.8%
76	GALLAGHER ARTHUR J & CO COM AJG	AJG	9,800	$1.8m0.27%	0.27%	Reduced -492	-492 -4.8%
77	SYNCHRONY FINANCIAL COM SYF	SYF	53,903	$1.8m0.26%	0.26%	Added +324	+324 0.6%
78	LABORATORY CORP AMER HLDGS COM NEW COM NEW		7,302	$1.7m0.25%	0.25%	Added +38	+38 0.5%
79	ISHARES TR SELECT DIVID ETF DVY	DVY	14,159	$1.7m0.25%	0.25%	Unchanged
80	TEXAS INSTRS INC COM TXN	TXN	10,028	$1.7m0.24%	0.24%	Reduced -847	-847 -7.8%
81	WP CAREY INC COM WPC	WPC	21,023	$1.6m0.24%	0.24%	Reduced -5.7k	-5,708 -21.4%
82	FEDEX CORP COM FDX	FDX	9,002	$1.6m0.23%	0.23%	Added +88	+88 1.0%
83	EVOQUA WATER TECHNOLOGIES CO COM AQUA	AQUA	36,840	$1.5m0.21%	0.21%	Reduced -4.2k	-4,190 -10.2%
84	GILEAD SCIENCES INC COM GILD	GILD	16,606	$1.4m0.21%	0.21%	Added +2.2k	+2,224 15.5%
85	JOHNSON CTLS INTL PLC SHS JCI	JCI	22,128	$1.4m0.21%	0.21%	Added +125	+125 0.6%
86	AGCO CORP COM AGCO	AGCO	10,060	$1.4m0.20%	0.20%	Reduced -823	-823 -7.6%
87	JOHNSON & JOHNSON COM JNJ	JNJ	7,788	$1.4m0.20%	0.20%	Added +133	+133 1.7%
88	SHERWIN WILLIAMS CO COM SHW	SHW	5,708	$1.4m0.20%	0.20%	Reduced -25.3k	-25,301 -81.6%
89	QUEST DIAGNOSTICS INC COM DGX	DGX	8,374	$1.3m0.19%	0.19%	Added +682	+682 8.9%
90	ALASKA AIR GROUP INC COM ALK	ALK	30,467	$1.3m0.19%	0.19%	Added +163	+163 0.5%
91	BALL CORP COM BALL	BALL	24,327	$1.2m0.18%	0.18%	Added +1.6k	+1,604 7.1%
92	MCDONALDS CORP COM MCD	MCD	4,510	$1.2m0.17%	0.17%	Added +840	+840 22.9%
93	UNITED PARCEL SERVICE INC CL B UPS	UPS	6,302	$1.1m0.16%	0.16%	Reduced -762	-762 -10.8%
94	EDWARDS LIFESCIENCES CORP COM EW	EW	14,621	$1.1m0.16%	0.16%	Reduced -121.4k	-121,420 -89.2%
95	CHEMED CORP NEW COM CHE	CHE	2,000	$1.0m0.15%	0.15%	Unchanged
96	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	22,870	$959.9k0.14%	0.14%	Unchanged
97	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		13,984	$948.1k0.14%	0.14%	Added +7.8k	+7,825 127.0%
98	VANGUARD INDEX FDS SMALL CP ETF VB	VB	5,018	$921.0k0.13%	0.13%	Unchanged
99	BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A COM SB VTG SHS A		23,589	$917.6k0.13%	0.13%	Reduced -3.6k	-3,578 -13.2%
100	DANAHER CORPORATION COM DHR	DHR	3,394	$900.8k0.13%	0.13%	Reduced -149	-149 -4.2%

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
MONOLITHIC PWR SYS INC MPWR	MPWR	23,801	$8.6m23.8k shares
ZSCALER INC ZS	ZS	33,310	$5.5m33.3k shares
TYLER TECHNOLOGIES INC TYL	TYL	11,280	$3.9m11.3k shares
GENERAC HLDGS INC GNRC	GNRC	21,426	$3.8m21.4k shares
ZOETIS INC ZTS	ZTS	21,912	$3.2m21.9k shares
TWITTER INC TWTR	TWTR	37,406	$1.6m37.4k shares
META PLATFORMS INC META	META	11,651	$1.6m11.7k shares
HORIZON THERAPEUTICS PUB L HZNP	HZNP	21,450	$1.3m21.4k shares
BROOKFIELD ASSET MGMT INC		27,813	$1.1m27.8k shares
KKR & CO INC KKR	KKR	23,005	$989.0k23.0k shares
PPG INDS INC PPG	PPG	6,782	$751.0k6.8k shares
HERCULES CAPITAL INC HTGC	HTGC	39,501	$457.0k39.5k shares
VANGUARD INDEX FDS VTI	VTI	2,024	$363.0k2.0k shares
ELASTIC N V ESTC	ESTC	4,001	$287.0k4.0k shares
STARWOOD PPTY TR INC STWD	STWD	14,822	$270.0k14.8k shares
WNS HLDGS LTD WNS	WNS	2,894	$237.0k2.9k shares
INVESCO QQQ TR QQQ	QQQ	868	$232.0k868 shares
BLACKROCK INC BLK	BLK	415	$228.0k415 shares
VICOR CORP VICR	VICR	3,741	$221.0k3.7k shares
ENPHASE ENERGY INC ENPH	ENPH	793	$220.0k793 shares
INVESCO EXCHANGE TRADED FD T PHO	PHO	4,756	$218.0k4.8k shares
SNAP INC SNAP	SNAP	20,215	$199.0k20.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
BANK AMERICA CORP BAC · Call	BAC	Call	4,000	$132.5k4.0k shares	New
PFIZER INC PFE · Put	PFE	Put	1,000	$51.2k1.0k shares	New
BOEING CO BA · Call	BA	Call	200	$38.1k200 shares	New