JAG CAPITAL MANAGEMENT, LLC

ST LOUIS, MO · CIK 1080374 · 13F filing filed 2025-07-28

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)

$892.1m reported value +19.2% vs Q1 2025

131positions

47.8%in top 10

20 new 47 added 46 reduced 18 sold out vs Q1 2025

Options: 9 call positions ($2.0m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 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	NVIDIA CORPORATION COM NVDA	NVDA	409,348	$64.7m7.25%	7.25%	Added +14.7k	+14,657 3.7%
2	META PLATFORMS INC CL A META	META	77,788	$57.4m6.44%	6.44%	Added +4.4k	+4,385 6.0%
3	AMAZON COM INC COM AMZN	AMZN	254,140	$55.8m6.25%	6.25%	Added +3.2k	+3,210 1.3%
4	MICROSOFT CORP COM MSFT	MSFT	109,138	$54.3m6.09%	6.09%	Added +1.2k	+1,152 1.1%
5	APPLE INC COM AAPL	AAPL	248,434	$51.0m5.71%	5.71%	Added +8.4k	+8,373 3.5%
6	BROADCOM INC COM AVGO	AVGO	120,836	$33.3m3.73%	3.73%	Added +1.0k	+1,048 0.9%
7	NETFLIX INC COM NFLX	NFLX	24,254	$32.5m3.64%	3.64%	Reduced -7.2k	-7,192 -22.9%
8	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	35,361	$27.1m3.04%	3.04%	Reduced -22	-22 -0.1%
9	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	104,723	$25.4m2.85%	2.85%	Added +1.6k	+1,573 1.5%
10	UBER TECHNOLOGIES INC COM UBER	UBER	269,716	$25.2m2.82%	2.82%	Added +61.9k	+61,897 29.8%
11	MASTERCARD INCORPORATED CL A MA	MA	43,680	$24.5m2.75%	2.75%	Added +383	+383 0.9%
12	AXON ENTERPRISE INC COM AXON	AXON	27,155	$22.5m2.52%	2.52%	Reduced -13.2k	-13,198 -32.7%
13	COSTCO WHSL CORP NEW COM COST	COST	22,321	$22.1m2.48%	2.48%	Added +1.4k	+1,437 6.9%
14	ALPHABET INC CAP STK CL A GOOGL	GOOGL	119,483	$21.1m2.36%	2.36%	Reduced -2.2k	-2,224 -1.8%
15	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	49,331	$20.1m2.25%	2.25%	Added +35.6k	+35,607 259.4%
16	ELI LILLY & CO COM LLY	LLY	24,617	$19.2m2.15%	2.15%	Added +273	+273 1.1%
17	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	32,285	$17.5m1.97%	1.97%	Reduced -9.3k	-9,346 -22.4%
18	BOSTON SCIENTIFIC CORP COM BSX	BSX	158,466	$17.0m1.91%	1.91%	Reduced -57.8k	-57,769 -26.7%
19	FAIR ISAAC CORP COM FICO	FICO	9,022	$16.5m1.85%	1.85%	Added +3.7k	+3,706 69.7%
20	NATERA INC COM NTRA	NTRA	93,849	$15.9m1.78%	1.78%	Reduced -35.8k	-35,830 -27.6%
21	CISCO SYS INC COM CSCO	CSCO	223,600	$15.5m1.74%	1.74%	Added +152.8k	+152,762 215.7%
22	TESLA INC COM TSLA	TSLA	47,975	$15.2m1.71%	1.71%	Added +45.3k	+45,330 1713.8%
23	US FOODS HLDG CORP COM USFD	USFD	180,342	$13.9m1.56%	1.56%	Reduced -6.0k	-5,965 -3.2%
24	TKO GROUP HOLDINGS INC CL A TKO	TKO	72,789	$13.2m1.48%	1.48%	New
25	SERVICENOW INC COM NOW	NOW	12,808	$13.2m1.48%	1.48%	Added +137	+137 1.1%
26	ADVANCED MICRO DEVICES INC COM AMD	AMD	83,724	$11.9m1.33%	1.33%	New
27	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	13,776	$11.0m1.24%	1.24%	New
28	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	36,522	$10.8m1.21%	1.21%	Added +35.2k	+35,212 2687.9%
29	BOOKING HOLDINGS INC COM BKNG	BKNG	1,808	$10.5m1.17%	1.17%	Added +489	+489 37.1%
30	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	20,010	$10.2m1.14%	1.14%	New
31	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	44,925	$10.2m1.14%	1.14%	Added +2.5k	+2,529 6.0%
32	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	59,244	$8.1m0.91%	0.91%	Added +55.8k	+55,826 1633.3%
33	CINTAS CORP COM CTAS	CTAS	30,394	$6.8m0.76%	0.76%	New
34	ALPHABET INC CAP STK CL C GOOG	GOOG	32,826	$5.8m0.65%	0.65%	Reduced -168	-168 -0.5%
35	AMERICAN EXPRESS CO COM AXP	AXP	16,986	$5.4m0.61%	0.61%	Reduced -312	-312 -1.8%
36	UNITED RENTALS INC COM URI	URI	6,746	$5.1m0.57%	0.57%	Reduced -3.2k	-3,163 -31.9%
37	VISA INC COM CL A V	V	14,036	$5.0m0.56%	0.56%	Reduced -293	-293 -2.0%
38	DISNEY WALT CO COM DIS	DIS	36,009	$4.5m0.50%	0.50%	Reduced -68.1k	-68,059 -65.4%
39	APPLIED MATLS INC COM AMAT	AMAT	22,990	$4.2m0.47%	0.47%	Reduced -11.5k	-11,521 -33.4%
40	SYNCHRONY FINANCIAL COM SYF	SYF	60,344	$4.0m0.45%	0.45%	Reduced -1.2k	-1,203 -1.9%
41	FISERV INC COM FISV	FISV	23,065	$4.0m0.45%	0.45%	Reduced -448	-448 -1.9%
42	PROCTER AND GAMBLE CO COM PG	PG	23,384	$3.7m0.42%	0.42%	Reduced -2.9k	-2,871 -10.9%
43	ADOBE INC COM ADBE	ADBE	8,953	$3.5m0.39%	0.39%	Reduced -149	-149 -1.6%
44	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	7,029	$3.4m0.38%	0.38%	Added +259	+259 3.8%
45	ALASKA AIR GROUP INC COM ALK	ALK	68,261	$3.4m0.38%	0.38%	Reduced -1.5k	-1,487 -2.1%
46	LABCORP HOLDINGS INC COM SHS LH	LH	12,834	$3.4m0.38%	0.38%	Reduced -290	-290 -2.2%
47	LOWES COS INC COM LOW	LOW	15,155	$3.4m0.38%	0.38%	Reduced -318	-318 -2.1%
48	DEERE & CO COM DE	DE	6,389	$3.2m0.36%	0.36%	Reduced -110	-110 -1.7%
49	UNION PAC CORP COM UNP	UNP	12,536	$2.9m0.32%	0.32%	Reduced -255	-255 -2.0%
50	COLGATE PALMOLIVE CO COM CL	CL	31,577	$2.9m0.32%	0.32%	Reduced -101	-101 -0.3%
51	QUALCOMM INC COM QCOM	QCOM	17,301	$2.8m0.31%	0.31%	Reduced -53	-53 -0.3%
52	COCA COLA CO COM KO	KO	37,010	$2.6m0.29%	0.29%	Reduced -632	-632 -1.7%
53	PEPSICO INC COM PEP	PEP	19,009	$2.5m0.28%	0.28%	Reduced -344	-344 -1.8%
54	SIMMONS 1ST NATL CORP CL A $1 PAR SFNC	SFNC	122,821	$2.3m0.26%	0.26%	Added +1.3k	+1,274 1.1%
55	FEDEX CORP COM FDX	FDX	9,881	$2.2m0.25%	0.25%	Reduced -211	-211 -2.1%
56	AMERICAN TOWER CORP NEW COM AMT	AMT	9,823	$2.2m0.24%	0.24%	Reduced -125	-125 -1.3%
57	ZOETIS INC CL A ZTS	ZTS	13,007	$2.0m0.23%	0.23%	Reduced -267	-267 -2.0%
58	IQVIA HLDGS INC COM IQV	IQV	11,596	$1.8m0.20%	0.20%	Reduced -239	-239 -2.0%
59	LULULEMON ATHLETICA INC COM LULU	LULU	7,340	$1.7m0.20%	0.20%	Reduced -22.0k	-22,008 -75.0%
60	TARGET CORP COM TGT	TGT	16,334	$1.6m0.18%	0.18%	Reduced -35	-35 -0.2%
61	BALL CORP COM BALL	BALL	24,579	$1.4m0.15%	0.15%	Reduced -473	-473 -1.9%
62	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	20,275	$1.2m0.13%	0.13%	Unchanged
63	CASS INFORMATION SYS INC COM CASS	CASS	25,542	$1.1m0.12%	0.12%	Added +11	+11 0.0%
64	VANGUARD INDEX FDS SMALL CP ETF VB	VB	4,627	$1.1m0.12%	0.12%	Unchanged
65	PHILIP MORRIS INTL INC COM PM	PM	5,839	$1.1m0.12%	0.12%	Added +437	+437 8.1%
66	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	5,075	$1.0m0.12%	0.12%	Unchanged
67	WALMART INC COM WMT	WMT	9,740	$952.4k0.11%	0.11%	Added +274	+274 2.9%
68	CASEYS GEN STORES INC COM CASY	CASY	1,483	$756.7k0.08%	0.08%	Added +18	+18 1.2%
69	STARBUCKS CORP COM SBUX	SBUX	7,711	$706.6k0.08%	0.08%	Added +1	+1 0.0%
70	HOME DEPOT INC COM HD	HD	1,888	$692.2k0.08%	0.08%	Added +7	+7 0.4%
71	COMMERCE BANCSHARES INC COM CBSH	CBSH	10,410	$647.2k0.07%	0.07%	Added +45	+45 0.4%
72	US BANCORP DEL COM NEW USB	USB	14,125	$639.2k0.07%	0.07%	Added +42	+42 0.3%
73	ORACLE CORP COM ORCL	ORCL	2,829	$618.5k0.07%	0.07%	Reduced -11.2k	-11,214 -79.8%
74	ENTERPRISE FINL SVCS CORP COM EFSC	EFSC	11,144	$614.0k0.07%	0.07%	Added +3.2k	+3,239 41.0%
75	SHERWIN WILLIAMS CO COM SHW	SHW	1,779	$610.8k0.07%	0.07%	Reduced -23.2k	-23,167 -92.9%
76	AMEREN CORP COM AEE	AEE	5,582	$536.1k0.06%	0.06%	Reduced -420	-420 -7.0%
77	EMERSON ELEC CO COM EMR	EMR	3,954	$527.2k0.06%	0.06%	Added +72	+72 1.9%
78	WILLIAMS COS INC COM WMB	WMB	8,320	$522.6k0.06%	0.06%	Reduced -345	-345 -4.0%
79	HERMES INTERNATIONAL SA ADR ADR HESAY	HESAY	1,840	$498.8k0.06%	0.06%	Unchanged
80	LINDE PLC SHS LIN	LIN	1,018	$477.6k0.05%	0.05%	Reduced -146	-146 -12.5%
81	SALESFORCE INC COM CRM	CRM	1,704	$464.7k0.05%	0.05%	Reduced -27.8k	-27,792 -94.2%
82	NORTHROP GRUMMAN CORP COM NOC	NOC	884	$442.1k0.05%	0.05%	Unchanged
83	BOEING CO COM BA	BA	2,063	$432.4k0.05%	0.05%	Added +290	+290 16.4%
84	JPMORGAN CHASE & CO COM JPM	JPM	1,475	$427.5k0.05%	0.05%	Added +1	+1 0.1%
85	BANK AMERICA CORP COM BAC	BAC	9,006	$426.2k0.05%	0.05%	Added +1.0k	+1,021 12.8%
86	CATERPILLAR INC COM CAT	CAT	1,079	$418.9k0.05%	0.05%	Added +297	+297 38.0%
87	MCDONALDS CORP COM MCD	MCD	1,428	$417.2k0.05%	0.05%	Added +352	+352 32.7%
88	AT&T INC COM T	T	14,133	$409.0k0.05%	0.05%	Added +5	+5 0.0%
89	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	643	$397.4k0.04%	0.04%	New
90	EBAY INC. COM EBAY	EBAY	5,296	$394.3k0.04%	0.04%	Unchanged
91	GOLDMAN SACHS GROUP INC COM GS	GS	551	$389.7k0.04%	0.04%	New
92	EOS ENERGY ENTERPRISES INC COM CL A EOSE	EOSE	73,450	$376.1k0.04%	0.04%	Added +7.3k	+7,300 11.0%
93	NEXTERA ENERGY INC COM NEE	NEE	5,397	$374.7k0.04%	0.04%	Unchanged
94	API GROUP CORP COM STK APG	APG	6,883	$351.4k0.04%	0.04%	Unchanged
95	CHEWY INC CL A CHWY	CHWY	8,022	$341.9k0.04%	0.04%	New
96	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	1,730	$337.4k0.04%	0.04%	Unchanged
97	NORFOLK SOUTHN CORP COM NSC	NSC	1,260	$322.4k0.04%	0.04%	Added +360	+360 40.0%
98	AMGEN INC COM AMGN	AMGN	1,134	$316.7k0.04%	0.04%	Added +2	+2 0.2%
99	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	8,186	$298.0k0.03%	0.03%	Reduced -134	-134 -1.6%
100	JABIL INC COM JBL	JBL	1,337	$291.6k0.03%	0.03%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
WILLIS TOWERS WATSON PLC LTD WTW	WTW	30,397	$10.3m30.4k shares
KYNDRYL HLDGS INC KD	KD	285,450	$9.0m285.4k shares
REDDIT INC RDDT	RDDT	72,252	$7.6m72.3k shares
ARISTA NETWORKS INC ANET	ANET	79,511	$6.2m79.5k shares
GRAINGER W W INC GWW	GWW	3,146	$3.1m3.1k shares
DECKERS OUTDOOR CORP DECK	DECK	26,536	$3.0m26.5k shares
THE TRADE DESK INC TTD	TTD	25,629	$1.4m25.6k shares
INTERNATIONAL PAPER CO IP	IP	11,036	$588.8k11.0k shares
WATSCO INC WSO	WSO	773	$392.9k773 shares
ATMUS FILTRATION TECHNOLOGIE ATMU	ATMU	9,370	$344.2k9.4k shares
BELLRING BRANDS INC BRBR	BRBR	3,480	$259.1k3.5k shares
KINSALE CAP GROUP INC KNSL	KNSL	517	$251.6k517 shares
DOCUSIGN INC DOCU	DOCU	2,964	$241.3k3.0k shares
PRIMO BRANDS CORPORATION PRMB	PRMB	6,192	$219.8k6.2k shares
ETFIS SER TR I BBP	BBP	3,625	$212.5k3.6k shares
DOW INC DOW	DOW	5,931	$207.1k5.9k shares
OCCIDENTAL PETE CORP OXY	OXY	2,310	$114.0k2.3k shares
THE REALREAL INC REAL	REAL	19,884	$107.2k19.9k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ALPHABET INC GOOG · Call	GOOG	Call	2,300	$408.0k2.3k shares	Reduced
TESLA INC TSLA · Call	TSLA	Call	1,200	$381.2k1.2k shares	Added
LULULEMON ATHLETICA INC LULU · Call	LULU	Call	1,000	$237.6k1.0k shares	Unchanged
ORACLE CORP ORCL · Call	ORCL	Call	1,000	$218.6k1.0k shares	Reduced
APPLE INC AAPL · Call	AAPL	Call	1,000	$205.2k1.0k shares	New
ALIBABA GROUP HLDG LTD BABA · Call	BABA	Call	1,600	$181.5k1.6k shares	New
NVIDIA CORPORATION NVDA · Call	NVDA	Call	1,100	$173.8k1.1k shares	Reduced
CITIGROUP INC C · Call	C	Call	2,000	$170.2k2.0k shares	Unchanged
PALANTIR TECHNOLOGIES INC PLTR · Call	PLTR	Call	200	$27.3k200 shares	Reduced