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)

$865.0m reported value +11.9% vs Q1 2023

176positions

37.1%in top 10

19 new 63 added 62 reduced 16 sold out vs Q1 2023

Options: 3 call positions ($160.7k notional), 1 put positions ($36.7k notional) – listed below, not included above.

Holdings, Q2 2023

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	167,665	$57.1m6.60%	6.60%	Reduced -3.2k	-3,167 -1.9%
2	APPLE INC COM AAPL	AAPL	257,987	$50.0m5.78%	5.78%	Reduced -7.8k	-7,793 -2.9%
3	AMAZON COM INC COM AMZN	AMZN	274,315	$35.8m4.13%	4.13%	Added +44.6k	+44,645 19.4%
4	ALPHABET INC CAP STK CL A GOOGL	GOOGL	253,969	$30.4m3.51%	3.51%	Added +37.8k	+37,824 17.5%
5	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	86,917	$29.7m3.44%	3.44%	Reduced -1.7k	-1,694 -1.9%
6	MASTERCARD INCORPORATED CL A MA	MA	73,788	$29.0m3.35%	3.35%	Reduced -1.9k	-1,915 -2.5%
7	THE TRADE DESK INC COM CL A TTD	TTD	302,579	$23.4m2.70%	2.70%	Added +11.0k	+11,020 3.8%
8	META PLATFORMS INC CL A META	META	79,756	$22.9m2.65%	2.65%	Added +2.7k	+2,713 3.5%
9	SERVICENOW INC COM NOW	NOW	39,330	$22.1m2.56%	2.56%	Added +11.0k	+10,993 38.8%
10	QUANTA SVCS INC COM PWR	PWR	106,580	$20.9m2.42%	2.42%	Reduced -662	-662 -0.6%
11	BROADCOM INC COM AVGO	AVGO	24,036	$20.8m2.41%	2.41%	Added +16	+16 0.1%
12	COSTCO WHSL CORP NEW COM COST	COST	36,722	$19.8m2.29%	2.29%	Reduced -441	-441 -1.2%
13	DECKERS OUTDOOR CORP COM DECK	DECK	35,950	$19.0m2.19%	2.19%	Reduced -121	-121 -0.3%
14	SALESFORCE INC COM CRM	CRM	87,700	$18.5m2.14%	2.14%	Added +21.3k	+21,288 32.0%
15	LULULEMON ATHLETICA INC COM LULU	LULU	47,023	$17.8m2.06%	2.06%	Reduced -2.6k	-2,558 -5.2%
16	NETFLIX INC COM NFLX	NFLX	39,679	$17.5m2.02%	2.02%	Added +32.7k	+32,682 467.1%
17	ADVANCED MICRO DEVICES INC COM AMD	AMD	152,515	$17.4m2.01%	2.01%	Added +90.9k	+90,892 147.5%
18	ORACLE CORP COM ORCL	ORCL	139,380	$16.6m1.92%	1.92%	Added +134.4k	+134,389 2692.6%
19	MARKEL GROUP INC COM MKL	MKL	11,142	$15.4m1.78%	1.78%	Reduced -124	-124 -1.1%
20	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	42,765	$15.0m1.74%	1.74%	Reduced -698	-698 -1.6%
21	ADOBE INC COM ADBE	ADBE	30,105	$14.7m1.70%	1.70%	Reduced -26.5k	-26,471 -46.8%
22	ON SEMICONDUCTOR CORP COM ON	ON	154,189	$14.6m1.69%	1.69%	Reduced -49.9k	-49,851 -24.4%
23	ELI LILLY & CO COM LLY	LLY	31,058	$14.6m1.68%	1.68%	Added +6.5k	+6,549 26.7%
24	ACTIVISION BLIZZARD INC COM ATVI	ATVI	168,730	$14.2m1.64%	1.64%	Reduced -2.7k	-2,742 -1.6%
25	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	57,707	$13.5m1.56%	1.56%	Added +89	+89 0.1%
26	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	13,625	$13.0m1.50%	1.50%	Reduced -45	-45 -0.3%
27	LINDE PLC SHS LIN	LIN	31,675	$12.1m1.40%	1.40%	Added +7.7k	+7,693 32.1%
28	UBER TECHNOLOGIES INC COM UBER	UBER	267,088	$11.5m1.33%	1.33%	New
29	DEXCOM INC COM DXCM	DXCM	79,071	$10.2m1.17%	1.17%	Reduced -830	-830 -1.0%
30	TESLA INC COM TSLA	TSLA	35,643	$9.3m1.08%	1.08%	Added +1.3k	+1,319 3.8%
31	COPART INC COM CPRT	CPRT	101,442	$9.3m1.07%	1.07%	Reduced -347	-347 -0.3%
32	DEERE & CO COM DE	DE	22,324	$9.0m1.05%	1.05%	Added +218	+218 1.0%
33	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	16,192	$8.4m0.98%	0.98%	Reduced -5.2k	-5,162 -24.2%
34	NVIDIA CORPORATION COM NVDA	NVDA	18,906	$8.0m0.92%	0.92%	Reduced -5.0k	-4,966 -20.8%
35	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	117,254	$7.6m0.88%	0.88%	New
36	MCKESSON CORP COM MCK	MCK	15,878	$6.8m0.78%	0.78%	Reduced -193	-193 -1.2%
37	S&P GLOBAL INC COM SPGI	SPGI	16,863	$6.8m0.78%	0.78%	Added +66	+66 0.4%
38	ALPHABET INC CAP STK CL C GOOG	GOOG	50,027	$6.1m0.70%	0.70%	Added +2.5k	+2,460 5.2%
39	APPLIED MATLS INC COM AMAT	AMAT	36,052	$5.2m0.60%	0.60%	Added +605	+605 1.7%
40	AMERICAN EXPRESS CO COM AXP	AXP	26,420	$4.6m0.53%	0.53%	Added +169	+169 0.6%
41	LOWES COS INC COM LOW	LOW	19,754	$4.5m0.52%	0.52%	Added +278	+278 1.4%
42	TRACTOR SUPPLY CO COM TSCO	TSCO	19,969	$4.4m0.51%	0.51%	Reduced -31.7k	-31,734 -61.4%
43	UNION PAC CORP COM UNP	UNP	21,088	$4.3m0.50%	0.50%	Added +330	+330 1.6%
44	PEPSICO INC COM PEP	PEP	21,596	$4.0m0.46%	0.46%	Added +310	+310 1.5%
45	PROCTER AND GAMBLE CO COM PG	PG	25,702	$3.9m0.45%	0.45%	Added +346	+346 1.4%
46	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	35,763	$3.6m0.42%	0.42%	Reduced -107.2k	-107,234 -75.0%
47	IDEXX LABS INC COM IDXX	IDXX	7,032	$3.5m0.41%	0.41%	Added +233	+233 3.4%
48	CISCO SYS INC COM CSCO	CSCO	66,802	$3.5m0.40%	0.40%	Added +12.4k	+12,388 22.8%
49	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	8,633	$3.2m0.37%	0.37%	New
50	FISERV INC COM FISV	FISV	23,633	$3.0m0.34%	0.34%	Reduced -8.1k	-8,051 -25.4%
51	UNITED RENTALS INC COM URI	URI	6,514	$2.9m0.34%	0.34%	Reduced -1.9k	-1,949 -23.0%
52	TARGET CORP COM TGT	TGT	21,955	$2.9m0.33%	0.33%	Reduced -7.0k	-6,996 -24.2%
53	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	9,240	$2.9m0.33%	0.33%	Added +332	+332 3.7%
54	DICKS SPORTING GOODS INC COM DKS	DKS	21,036	$2.8m0.32%	0.32%	Added +513	+513 2.5%
55	DISNEY WALT CO COM DIS	DIS	30,908	$2.8m0.32%	0.32%	Added +447	+447 1.5%
56	WASTE MGMT INC DEL COM WM	WM	15,250	$2.6m0.31%	0.31%	Reduced -30.0k	-29,994 -66.3%
57	BLACKSTONE INC COM BX	BX	27,524	$2.6m0.30%	0.30%	Reduced -1.4k	-1,365 -4.7%
58	CUMMINS INC COM CMI	CMI	10,291	$2.5m0.29%	0.29%	Added +256	+256 2.5%
59	LABORATORY CORP AMER HLDGS COM NEW COM NEW		10,347	$2.5m0.29%	0.29%	Added +2.8k	+2,778 36.7%
60	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	7,178	$2.4m0.28%	0.28%	Reduced -181	-181 -2.5%
61	IQVIA HLDGS INC COM IQV	IQV	10,889	$2.4m0.28%	0.28%	New
62	FEDEX CORP COM FDX	FDX	9,786	$2.4m0.28%	0.28%	Added +160	+160 1.7%
63	COLGATE PALMOLIVE CO COM CL	CL	31,321	$2.4m0.28%	0.28%	Added +489	+489 1.6%
64	STARBUCKS CORP COM SBUX	SBUX	24,318	$2.4m0.28%	0.28%	Added +288	+288 1.2%
65	CATERPILLAR INC COM CAT	CAT	9,751	$2.4m0.28%	0.28%	Added +669	+669 7.4%
66	ELEVANCE HEALTH INC COM ELV	ELV	5,385	$2.4m0.28%	0.28%	Reduced -29	-29 -0.5%
67	GALLAGHER ARTHUR J & CO COM AJG	AJG	10,530	$2.3m0.27%	0.27%	Added +639	+639 6.5%
68	COCA COLA CO COM KO	KO	36,483	$2.2m0.25%	0.25%	Added +562	+562 1.6%
69	GRAINGER W W INC COM GWW	GWW	2,695	$2.1m0.25%	0.25%	New
70	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		29,304	$2.1m0.24%	0.24%	Added +1.3k	+1,325 4.7%
71	ZOETIS INC CL A ZTS	ZTS	12,151	$2.1m0.24%	0.24%	New
72	SIMMONS 1ST NATL CORP CL A $1 PAR SFNC	SFNC	119,743	$2.1m0.24%	0.24%	Added +1.3k	+1,258 1.1%
73	HOME DEPOT INC COM HD	HD	6,458	$2.0m0.23%	0.23%	Reduced -23.4k	-23,400 -78.4%
74	SYNCHRONY FINANCIAL COM SYF	SYF	58,283	$2.0m0.23%	0.23%	Added +1.0k	+1,025 1.8%
75	HUBBELL INC COM HUBB	HUBB	5,940	$2.0m0.23%	0.23%	New
76	AGCO CORP COM AGCO	AGCO	14,576	$1.9m0.22%	0.22%	Reduced -1.2k	-1,181 -7.5%
77	QUALCOMM INC COM QCOM	QCOM	16,021	$1.9m0.22%	0.22%	Reduced -4.3k	-4,269 -21.0%
78	AMERICAN TOWER CORP NEW COM AMT	AMT	9,570	$1.9m0.21%	0.21%	Added +158	+158 1.7%
79	UNITEDHEALTH GROUP INC COM UNH	UNH	3,846	$1.8m0.21%	0.21%	Reduced -2.3k	-2,271 -37.1%
80	ABBOTT LABS COM ABT	ABT	16,945	$1.8m0.21%	0.21%	Reduced -69	-69 -0.4%
81	PNC FINL SVCS GROUP INC COM PNC	PNC	14,474	$1.8m0.21%	0.21%	Added +239	+239 1.7%
82	ALASKA AIR GROUP INC COM ALK	ALK	32,879	$1.7m0.20%	0.20%	Added +558	+558 1.7%
83	HERSHEY CO COM HSY	HSY	6,802	$1.7m0.20%	0.20%	New
84	CHUBB LIMITED COM CB	CB	8,819	$1.7m0.20%	0.20%	Added +17	+17 0.2%
85	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	2,273	$1.6m0.19%	0.19%	Reduced -11.6k	-11,609 -83.6%
86	TEXAS INSTRS INC COM TXN	TXN	9,077	$1.6m0.19%	0.19%	Added +253	+253 2.9%
87	SHERWIN WILLIAMS CO COM SHW	SHW	6,146	$1.6m0.19%	0.19%	Added +437	+437 7.7%
88	ABBVIE INC COM ABBV	ABBV	11,711	$1.6m0.18%	0.18%	Reduced -428	-428 -3.5%
89	JOHNSON CTLS INTL PLC SHS JCI	JCI	22,959	$1.6m0.18%	0.18%	Added +396	+396 1.8%
90	BALL CORP COM BALL	BALL	24,597	$1.4m0.17%	0.17%	Added +411	+411 1.7%
91	EDWARDS LIFESCIENCES CORP COM EW	EW	14,621	$1.4m0.16%	0.16%	Unchanged
92	WP CAREY INC COM WPC	WPC	19,246	$1.3m0.15%	0.15%	Reduced -2.5k	-2,500 -11.5%
93	NUCOR CORP COM NUE	NUE	7,419	$1.2m0.14%	0.14%	Added +101	+101 1.4%
94	GILEAD SCIENCES INC COM GILD	GILD	15,527	$1.2m0.14%	0.14%	Added +253	+253 1.7%
95	QUEST DIAGNOSTICS INC COM DGX	DGX	8,388	$1.2m0.14%	0.14%	Added +138	+138 1.7%
96	MCDONALDS CORP COM MCD	MCD	3,670	$1.1m0.13%	0.13%	Unchanged
97	CHEMED CORP NEW COM CHE	CHE	2,000	$1.1m0.13%	0.13%	Unchanged
98	ISHARES TR SELECT DIVID ETF DVY	DVY	9,337	$1.1m0.12%	0.12%	Reduced -713	-713 -7.1%
99	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	22,870	$1.1m0.12%	0.12%	Unchanged
100	UNITED PARCEL SERVICE INC CL B UPS	UPS	5,740	$1.0m0.12%	0.12%	Added +57	+57 1.0%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
GARTNER INC IT	IT	57,102	$18.6m57.1k shares
VULCAN MATLS CO VMC	VMC	25,906	$4.4m25.9k shares
EPAM SYS INC EPAM	EPAM	12,251	$3.7m12.3k shares
T-MOBILE US INC TMUS	TMUS	22,541	$3.3m22.5k shares
REGIONS FINANCIAL CORP NEW RF	RF	110,284	$2.0m110.3k shares
BROOKFIELD INFRASTRUCTURE CO		23,227	$1.1m23.2k shares
EVOQUA WATER TECHNOLOGIES CO AQUA	AQUA	18,992	$944.3k19.0k shares
BROOKFIELD CORP BN	BN	24,300	$790.7k24.3k shares
COMCAST CORP NEW CMCSA	CMCSA	19,827	$751.6k19.8k shares
INTERPUBLIC GROUP COS INC IPG	IPG	6,488	$241.6k6.5k shares
WNS HLDGS LTD WNS	WNS	2,432	$226.6k2.4k shares
WILLSCOT HLDGS CORP WSC	WSC	4,733	$221.9k4.7k shares
MERCADOLIBRE INC MELI	MELI	161	$212.2k161 shares
HOWARD HUGHES CORP HHC	HHC	2,622	$209.8k2.6k shares
OPTION CARE HEALTH INC OPCH	OPCH	6,417	$203.9k6.4k shares
PERION NETWORK LTD PERI	PERI	5,000	$197.9k5.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
BANK AMERICA CORP BAC · Call	BAC	Call	3,200	$91.8k3.2k shares	Added
AMAZON COM INC AMZN · Call	AMZN	Call	500	$65.2k500 shares	Reduced
PFIZER INC PFE · Put	PFE	Put	1,000	$36.7k1.0k shares	Reduced
PFIZER INC PFE · Call	PFE	Call	100	$3.7k100 shares	New