JAG CAPITAL MANAGEMENT, LLC

ST LOUIS, MO · CIK 1080374 · 13F filing filed 2025-04-24

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)

$748.7m reported value +4.5% vs Q4 2024

129positions

46.0%in top 10

14 new 46 added 47 reduced 8 sold out vs Q4 2024

Options: 10 call positions ($1.9m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q1 2025

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	APPLE INC COM AAPL	AAPL	240,061	$53.3m7.12%	7.12%	Added +2.2k	+2,190 0.9%
2	AMAZON COM INC COM AMZN	AMZN	250,930	$47.7m6.38%	6.38%	Added +51.4k	+51,377 25.8%
3	NVIDIA CORPORATION COM NVDA	NVDA	394,691	$42.8m5.71%	5.71%	Added +98.5k	+98,491 33.2%
4	META PLATFORMS INC CL A META	META	73,403	$42.3m5.65%	5.65%	Added +24.5k	+24,509 50.1%
5	MICROSOFT CORP COM MSFT	MSFT	107,986	$40.5m5.41%	5.41%	Added +15.8k	+15,765 17.1%
6	NETFLIX INC COM NFLX	NFLX	31,446	$29.3m3.92%	3.92%	Added +5.7k	+5,680 22.0%
7	MASTERCARD INCORPORATED CL A MA	MA	43,297	$23.7m3.17%	3.17%	Added +5.8k	+5,835 15.6%
8	BOSTON SCIENTIFIC CORP COM BSX	BSX	216,235	$21.8m2.91%	2.91%	Added +46.0k	+45,983 27.0%
9	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	103,150	$21.4m2.86%	2.86%	Added +22.5k	+22,521 27.9%
10	AXON ENTERPRISE INC COM AXON	AXON	40,353	$21.2m2.83%	2.83%	Reduced -2.5k	-2,527 -5.9%
11	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	41,631	$20.6m2.75%	2.75%	Added +8.8k	+8,833 26.9%
12	ELI LILLY & CO COM LLY	LLY	24,344	$20.1m2.69%	2.69%	Added +8.9k	+8,871 57.3%
13	BROADCOM INC COM AVGO	AVGO	119,788	$20.1m2.68%	2.68%	Added +29.1k	+29,103 32.1%
14	COSTCO WHSL CORP NEW COM COST	COST	20,884	$19.8m2.64%	2.64%	Added +7.7k	+7,705 58.5%
15	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	35,383	$19.5m2.60%	2.60%	Added +6.6k	+6,585 22.9%
16	ALPHABET INC CAP STK CL A GOOGL	GOOGL	121,707	$18.8m2.51%	2.51%	Added +24.2k	+24,152 24.8%
17	NATERA INC COM NTRA	NTRA	129,679	$18.3m2.45%	2.45%	Added +26.4k	+26,394 25.6%
18	UBER TECHNOLOGIES INC COM UBER	UBER	207,819	$15.1m2.02%	2.02%	New
19	US FOODS HLDG CORP COM USFD	USFD	186,307	$12.2m1.63%	1.63%	Reduced -53.0k	-52,961 -22.1%
20	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	30,397	$10.3m1.37%	1.37%	Added +8.7k	+8,684 40.0%
21	DISNEY WALT CO COM DIS	DIS	104,068	$10.3m1.37%	1.37%	Added +65.5k	+65,530 170.0%
22	SERVICENOW INC COM NOW	NOW	12,671	$10.1m1.35%	1.35%	Added +2.6k	+2,642 26.3%
23	FAIR ISAAC CORP COM FICO	FICO	5,316	$9.8m1.31%	1.31%	Reduced -2.1k	-2,081 -28.1%
24	KYNDRYL HLDGS INC COMMON STOCK KD	KD	285,450	$9.0m1.20%	1.20%	Added +277.0k	+276,989 3273.7%
25	SHERWIN WILLIAMS CO COM SHW	SHW	24,946	$8.7m1.16%	1.16%	Added +23.2k	+23,186 1317.4%
26	LULULEMON ATHLETICA INC COM LULU	LULU	29,348	$8.3m1.11%	1.11%	Added +21.5k	+21,461 272.1%
27	XPO INC COM XPO	XPO	73,880	$7.9m1.06%	1.06%	Reduced -34.2k	-34,196 -31.6%
28	SALESFORCE INC COM CRM	CRM	29,496	$7.9m1.06%	1.06%	Added +5.8k	+5,790 24.4%
29	REDDIT INC CL A RDDT	RDDT	72,252	$7.6m1.01%	1.01%	New
30	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	42,396	$7.0m0.94%	0.94%	Reduced -10.9k	-10,924 -20.5%
31	UNITED RENTALS INC COM URI	URI	9,909	$6.2m0.83%	0.83%	Reduced -15.6k	-15,552 -61.1%
32	ARISTA NETWORKS INC COM SHS ANET	ANET	79,511	$6.2m0.82%	0.82%	New
33	BOOKING HOLDINGS INC COM BKNG	BKNG	1,319	$6.1m0.81%	0.81%	New
34	FISERV INC COM FISV	FISV	23,513	$5.2m0.69%	0.69%	Reduced -1.7k	-1,674 -6.7%
35	ALPHABET INC CAP STK CL C GOOG	GOOG	32,994	$5.2m0.69%	0.69%	Reduced -2.3k	-2,336 -6.6%
36	VISA INC COM CL A V	V	14,329	$5.0m0.67%	0.67%	Reduced -954	-954 -6.2%
37	APPLIED MATLS INC COM AMAT	AMAT	34,511	$5.0m0.67%	0.67%	Added +9.5k	+9,470 37.8%
38	AMERICAN EXPRESS CO COM AXP	AXP	17,298	$4.7m0.62%	0.62%	Reduced -1.2k	-1,184 -6.4%
39	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	13,724	$4.6m0.62%	0.62%	New
40	PROCTER AND GAMBLE CO COM PG	PG	26,255	$4.5m0.60%	0.60%	Reduced -1.4k	-1,394 -5.0%
41	CISCO SYS INC COM CSCO	CSCO	70,838	$4.4m0.58%	0.58%	Reduced -4.6k	-4,563 -6.0%
42	LOWES COS INC COM LOW	LOW	15,473	$3.6m0.48%	0.48%	Reduced -1.0k	-1,044 -6.3%
43	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	6,770	$3.6m0.48%	0.48%	Reduced -100	-100 -1.5%
44	ADOBE INC COM ADBE	ADBE	9,102	$3.5m0.47%	0.47%	Reduced -578	-578 -6.0%
45	ALASKA AIR GROUP INC COM ALK	ALK	69,748	$3.4m0.46%	0.46%	Reduced -4.7k	-4,650 -6.2%
46	SYNCHRONY FINANCIAL COM SYF	SYF	61,547	$3.3m0.44%	0.44%	Reduced -3.9k	-3,947 -6.0%
47	GRAINGER W W INC COM GWW	GWW	3,146	$3.1m0.42%	0.42%	Reduced -7.9k	-7,888 -71.5%
48	LABCORP HOLDINGS INC COM SHS LH	LH	13,124	$3.1m0.41%	0.41%	Reduced -891	-891 -6.4%
49	DEERE & CO COM DE	DE	6,499	$3.1m0.41%	0.41%	Reduced -889	-889 -12.0%
50	UNION PAC CORP COM UNP	UNP	12,791	$3.0m0.40%	0.40%	Reduced -779	-779 -5.7%
51	COLGATE PALMOLIVE CO COM CL	CL	31,678	$3.0m0.40%	0.40%	Reduced -2.1k	-2,095 -6.2%
52	DECKERS OUTDOOR CORP COM DECK	DECK	26,536	$3.0m0.40%	0.40%	Reduced -61.9k	-61,924 -70.0%
53	PEPSICO INC COM PEP	PEP	19,353	$2.9m0.39%	0.39%	Reduced -1.2k	-1,194 -5.8%
54	COCA COLA CO COM KO	KO	37,642	$2.7m0.36%	0.36%	Reduced -2.1k	-2,149 -5.4%
55	QUALCOMM INC COM QCOM	QCOM	17,354	$2.7m0.36%	0.36%	Reduced -1.0k	-1,009 -5.5%
56	SIMMONS 1ST NATL CORP CL A $1 PAR SFNC	SFNC	121,547	$2.5m0.33%	0.33%	Added +1.1k	+1,126 0.9%
57	FEDEX CORP COM FDX	FDX	10,092	$2.5m0.33%	0.33%	Reduced -663	-663 -6.2%
58	ZOETIS INC CL A ZTS	ZTS	13,274	$2.2m0.29%	0.29%	Reduced -879	-879 -6.2%
59	AMERICAN TOWER CORP NEW COM AMT	AMT	9,948	$2.2m0.29%	0.29%	Reduced -613	-613 -5.8%
60	IQVIA HLDGS INC COM IQV	IQV	11,835	$2.1m0.28%	0.28%	Reduced -796	-796 -6.3%
61	ORACLE CORP COM ORCL	ORCL	14,043	$2.0m0.26%	0.26%	Reduced -29.1k	-29,143 -67.5%
62	TARGET CORP COM TGT	TGT	16,369	$1.7m0.23%	0.23%	Reduced -1.2k	-1,183 -6.7%
63	THE TRADE DESK INC COM CL A TTD	TTD	25,629	$1.4m0.19%	0.19%	Reduced -61.9k	-61,920 -70.7%
64	BALL CORP COM BALL	BALL	25,052	$1.3m0.17%	0.17%	Reduced -1.7k	-1,677 -6.3%
65	CASS INFORMATION SYS INC COM CASS	CASS	25,531	$1.1m0.15%	0.15%	Unchanged
66	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	20,275	$1.0m0.14%	0.14%	Unchanged
67	VANGUARD INDEX FDS SMALL CP ETF VB	VB	4,627	$1.0m0.14%	0.14%	Unchanged
68	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	5,075	$984.5k0.13%	0.13%	Unchanged
69	PHILIP MORRIS INTL INC COM PM	PM	5,402	$857.5k0.11%	0.11%	Added +4	+4 0.1%
70	WALMART INC COM WMT	WMT	9,466	$831.0k0.11%	0.11%	Reduced -22	-22 -0.2%
71	STARBUCKS CORP COM SBUX	SBUX	7,710	$756.3k0.10%	0.10%	Reduced -179	-179 -2.3%
72	HOME DEPOT INC COM HD	HD	1,881	$689.2k0.09%	0.09%	Reduced -1	-1 -0.1%
73	TESLA INC COM TSLA	TSLA	2,645	$685.5k0.09%	0.09%	Added +648	+648 32.5%
74	COMMERCE BANCSHARES INC COM CBSH	CBSH	10,365	$645.0k0.09%	0.09%	Added +45	+45 0.4%
75	CASEYS GEN STORES INC COM CASY	CASY	1,465	$635.9k0.08%	0.08%	Added +17	+17 1.2%
76	AMEREN CORP COM AEE	AEE	6,002	$602.6k0.08%	0.08%	Reduced -150	-150 -2.4%
77	US BANCORP DEL COM NEW USB	USB	14,083	$594.6k0.08%	0.08%	Reduced -1	-1 -0.0%
78	INTERNATIONAL PAPER CO COM IP	IP	11,036	$588.8k0.08%	0.08%	New
79	LINDE PLC SHS LIN	LIN	1,164	$542.0k0.07%	0.07%	Added +474	+474 68.7%
80	WILLIAMS COS INC COM WMB	WMB	8,665	$517.8k0.07%	0.07%	Added +805	+805 10.2%
81	HERMES INTERNATIONAL SA ADR ADR HESAY	HESAY	1,840	$482.1k0.06%	0.06%	Unchanged
82	NORTHROP GRUMMAN CORP COM NOC	NOC	884	$452.7k0.06%	0.06%	Unchanged
83	EMERSON ELEC CO COM EMR	EMR	3,882	$425.7k0.06%	0.06%	Added +183	+183 5.0%
84	ENTERPRISE FINL SVCS CORP COM EFSC	EFSC	7,905	$424.8k0.06%	0.06%	Unchanged
85	AT&T INC COM T	T	14,128	$399.6k0.05%	0.05%	Reduced -702	-702 -4.7%
86	WATSCO INC COM WSO	WSO	773	$392.9k0.05%	0.05%	Added +3	+3 0.4%
87	NEXTERA ENERGY INC COM NEE	NEE	5,397	$382.6k0.05%	0.05%	Unchanged
88	JPMORGAN CHASE & CO COM JPM	JPM	1,474	$361.6k0.05%	0.05%	Unchanged
89	EBAY INC. COM EBAY	EBAY	5,296	$358.7k0.05%	0.05%	New
90	AMGEN INC COM AMGN	AMGN	1,132	$352.5k0.05%	0.05%	Added +124	+124 12.3%
91	ATMUS FILTRATION TECHNOLOGIE COM ATMU	ATMU	9,370	$344.2k0.05%	0.05%	Added +1.7k	+1,717 22.4%
92	MCDONALDS CORP COM MCD	MCD	1,076	$336.1k0.04%	0.04%	Unchanged
93	BANK AMERICA CORP COM BAC	BAC	7,985	$333.2k0.04%	0.04%	Reduced -845	-845 -9.6%
94	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,310	$325.7k0.04%	0.04%	Reduced -40	-40 -3.0%
95	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	1,730	$322.3k0.04%	0.04%	Unchanged
96	VERIZON COMMUNICATIONS INC COM VZ	VZ	6,771	$307.1k0.04%	0.04%	Reduced -88	-88 -1.3%
97	ISHARES TR S&P 500 GRWT ETF IVW	IVW	3,301	$306.4k0.04%	0.04%	Added +34	+34 1.0%
98	BOEING CO COM BA	BA	1,773	$302.5k0.04%	0.04%	Unchanged
99	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	8,320	$298.4k0.04%	0.04%	Added +311	+311 3.9%
100	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	3,418	$288.5k0.04%	0.04%	New

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
VISTRA CORP VST	VST	105,310	$14.5m105.3k shares
AUTODESK INC ADSK	ADSK	41,419	$12.2m41.4k shares
STERLING INFRASTRUCTURE INC STRL	STRL	1,762	$296.8k1.8k shares
GLOBAL BUSINESS TRAVEL GROUP		26,115	$242.3k26.1k shares
MERCK & CO INC MRK	MRK	2,196	$218.5k2.2k shares
CARLISLE COS INC CSL	CSL	589	$217.2k589 shares
INVESCO QQQ TR QQQ	QQQ	388	$198.3k388 shares
PERIMETER SOLUTIONS INC PRM	PRM	12,165	$155.5k12.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ALPHABET INC GOOG · Call	GOOG	Call	2,500	$390.6k2.5k shares	New
TESLA INC TSLA · Call	TSLA	Call	1,100	$285.1k1.1k shares	Added
LULULEMON ATHLETICA INC LULU · Call	LULU	Call	1,000	$283.1k1.0k shares	Unchanged
ORACLE CORP ORCL · Call	ORCL	Call	2,000	$279.6k2.0k shares	Added
NVIDIA CORPORATION NVDA · Call	NVDA	Call	2,200	$238.4k2.2k shares	Added
CITIGROUP INC C · Call	C	Call	2,000	$142.0k2.0k shares	Reduced
OCCIDENTAL PETE CORP OXY · Call	OXY	Call	2,000	$98.7k2.0k shares	New
BOEING CO BA · Call	BA	Call	400	$68.2k400 shares	Unchanged
TAIWAN SEMICONDUCTOR MFG LTD TSM · Call	TSM	Call	300	$49.8k300 shares	New
PALANTIR TECHNOLOGIES INC PLTR · Call	PLTR	Call	300	$25.3k300 shares	New