JAG CAPITAL MANAGEMENT, LLC

ST LOUIS, MO · CIK 1080374 · 13F filing filed 2025-11-10

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)

$911.7m reported value +2.2% vs Q2 2025

135positions

50.2%in top 10

17 new 41 added 61 reduced 13 sold out vs Q2 2025

Options: 8 call positions ($1.5m notional), 1 put positions ($89.2k notional) – listed below, not included above.

Holdings, Q3 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	388,689	$72.5m7.95%	7.95%	Reduced -20.7k	-20,659 -5.0%
2	MICROSOFT CORP COM MSFT	MSFT	118,905	$61.6m6.76%	6.76%	Added +9.8k	+9,767 8.9%
3	APPLE INC COM AAPL	AAPL	226,009	$57.5m6.31%	6.31%	Reduced -22.4k	-22,425 -9.0%
4	META PLATFORMS INC CL A META	META	75,659	$55.6m6.09%	6.09%	Reduced -2.1k	-2,129 -2.7%
5	BROADCOM INC COM AVGO	AVGO	134,872	$44.5m4.88%	4.88%	Added +14.0k	+14,036 11.6%
6	AMAZON COM INC COM AMZN	AMZN	191,029	$41.9m4.60%	4.60%	Reduced -63.1k	-63,111 -24.8%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	160,136	$38.9m4.27%	4.27%	Added +40.7k	+40,653 34.0%
8	TESLA INC COM TSLA	TSLA	68,206	$30.3m3.33%	3.33%	Added +20.2k	+20,231 42.2%
9	NETFLIX INC COM NFLX	NFLX	23,724	$28.4m3.12%	3.12%	Reduced -530	-530 -2.2%
10	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	103,249	$26.7m2.93%	2.93%	Reduced -1.5k	-1,474 -1.4%
11	UBER TECHNOLOGIES INC COM UBER	UBER	270,490	$26.5m2.91%	2.91%	Added +774	+774 0.3%
12	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	35,108	$24.5m2.69%	2.69%	Reduced -253	-253 -0.7%
13	MASTERCARD INCORPORATED CL A MA	MA	42,866	$24.4m2.67%	2.67%	Reduced -814	-814 -1.9%
14	COSTCO WHSL CORP NEW COM COST	COST	21,915	$20.3m2.22%	2.22%	Reduced -406	-406 -1.8%
15	ADVANCED MICRO DEVICES INC COM AMD	AMD	118,603	$19.2m2.10%	2.10%	Added +34.9k	+34,879 41.7%
16	AXON ENTERPRISE INC COM AXON	AXON	26,424	$19.0m2.08%	2.08%	Reduced -731	-731 -2.7%
17	MICRON TECHNOLOGY INC COM MU	MU	111,537	$18.7m2.05%	2.05%	New
18	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	85,829	$15.7m1.72%	1.72%	Added +26.6k	+26,585 44.9%
19	CISCO SYS INC COM CSCO	CSCO	227,258	$15.5m1.71%	1.71%	Added +3.7k	+3,658 1.6%
20	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	55,107	$15.4m1.69%	1.69%	Added +10.2k	+10,182 22.7%
21	BOSTON SCIENTIFIC CORP COM BSX	BSX	154,752	$15.1m1.66%	1.66%	Reduced -3.7k	-3,714 -2.3%
22	TKO GROUP HOLDINGS INC CL A TKO	TKO	72,146	$14.6m1.60%	1.60%	Reduced -643	-643 -0.9%
23	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	14,016	$13.6m1.49%	1.49%	Added +240	+240 1.7%
24	NATERA INC COM NTRA	NTRA	81,067	$13.0m1.43%	1.43%	Reduced -12.8k	-12,782 -13.6%
25	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	25,840	$11.8m1.30%	1.30%	New
26	GOLDMAN SACHS GROUP INC COM GS	GS	14,758	$11.8m1.29%	1.29%	Added +14.2k	+14,207 2578.4%
27	EBAY INC. COM EBAY	EBAY	120,804	$11.0m1.21%	1.21%	Added +115.5k	+115,508 2181.0%
28	ELI LILLY & CO COM LLY	LLY	13,570	$10.4m1.14%	1.14%	Reduced -11.0k	-11,047 -44.9%
29	BOOKING HOLDINGS INC COM BKNG	BKNG	1,786	$9.6m1.06%	1.06%	Reduced -22	-22 -1.2%
30	VERTIV HOLDINGS CO COM CL A VRT	VRT	52,612	$7.9m0.87%	0.87%	New
31	TOAST INC CL A TOST	TOST	207,510	$7.6m0.83%	0.83%	Added +202.3k	+202,261 3853.3%
32	ALPHABET INC CAP STK CL C GOOG	GOOG	30,229	$7.4m0.81%	0.81%	Reduced -2.6k	-2,597 -7.9%
33	UNITED RENTALS INC COM URI	URI	6,421	$6.1m0.67%	0.67%	Reduced -325	-325 -4.8%
34	AMERICAN EXPRESS CO COM AXP	AXP	16,634	$5.5m0.61%	0.61%	Reduced -352	-352 -2.1%
35	VISTRA CORP COM VST	VST	26,141	$5.1m0.56%	0.56%	Added +24.9k	+24,881 1974.7%
36	VISA INC COM CL A V	V	13,705	$4.7m0.51%	0.51%	Reduced -331	-331 -2.4%
37	APPLIED MATLS INC COM AMAT	AMAT	22,374	$4.6m0.50%	0.50%	Reduced -616	-616 -2.7%
38	SERVICENOW INC COM NOW	NOW	4,678	$4.3m0.47%	0.47%	Reduced -8.1k	-8,130 -63.5%
39	SYNCHRONY FINANCIAL COM SYF	SYF	59,019	$4.2m0.46%	0.46%	Reduced -1.3k	-1,325 -2.2%
40	DISNEY WALT CO COM DIS	DIS	35,236	$4.0m0.44%	0.44%	Reduced -773	-773 -2.1%
41	LOWES COS INC COM LOW	LOW	14,818	$3.7m0.41%	0.41%	Reduced -337	-337 -2.2%
42	LABCORP HOLDINGS INC COM SHS LH	LH	12,552	$3.6m0.40%	0.40%	Reduced -282	-282 -2.2%
43	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	6,871	$3.5m0.38%	0.38%	Reduced -158	-158 -2.2%
44	PROCTER AND GAMBLE CO COM PG	PG	22,169	$3.4m0.37%	0.37%	Reduced -1.2k	-1,215 -5.2%
45	ALASKA AIR GROUP INC COM ALK	ALK	66,768	$3.3m0.36%	0.36%	Reduced -1.5k	-1,493 -2.2%
46	ADOBE INC COM ADBE	ADBE	8,754	$3.1m0.34%	0.34%	Reduced -199	-199 -2.2%
47	UNION PAC CORP COM UNP	UNP	12,213	$2.9m0.32%	0.32%	Reduced -323	-323 -2.6%
48	DEERE & CO COM DE	DE	6,278	$2.9m0.31%	0.31%	Reduced -111	-111 -1.7%
49	QUALCOMM INC COM QCOM	QCOM	16,855	$2.8m0.31%	0.31%	Reduced -446	-446 -2.6%
50	PEPSICO INC COM PEP	PEP	18,619	$2.6m0.29%	0.29%	Reduced -390	-390 -2.0%
51	COLGATE PALMOLIVE CO COM CL	CL	30,947	$2.5m0.27%	0.27%	Reduced -630	-630 -2.0%
52	COCA COLA CO COM KO	KO	36,696	$2.4m0.27%	0.27%	Reduced -314	-314 -0.8%
53	SIMMONS 1ST NATL CORP CL A $1 PAR SFNC	SFNC	124,195	$2.4m0.26%	0.26%	Added +1.4k	+1,374 1.1%
54	FEDEX CORP COM FDX	FDX	9,608	$2.3m0.25%	0.25%	Reduced -273	-273 -2.8%
55	IQVIA HLDGS INC COM IQV	IQV	11,347	$2.2m0.24%	0.24%	Reduced -249	-249 -2.1%
56	ZOETIS INC CL A ZTS	ZTS	12,681	$1.9m0.20%	0.20%	Reduced -326	-326 -2.5%
57	AMERICAN TOWER CORP NEW COM AMT	AMT	9,625	$1.9m0.20%	0.20%	Reduced -198	-198 -2.0%
58	TARGET CORP COM TGT	TGT	15,827	$1.4m0.16%	0.16%	Reduced -507	-507 -3.1%
59	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	20,275	$1.2m0.13%	0.13%	Unchanged
60	BALL CORP COM BALL	BALL	24,064	$1.2m0.13%	0.13%	Reduced -515	-515 -2.1%
61	WALMART INC COM WMT	WMT	11,542	$1.2m0.13%	0.13%	Added +1.8k	+1,802 18.5%
62	VANGUARD INDEX FDS SMALL CP ETF VB	VB	4,627	$1.2m0.13%	0.13%	Unchanged
63	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	4,728	$1.0m0.11%	0.11%	Reduced -347	-347 -6.8%
64	CASS INFORMATION SYS INC COM CASS	CASS	25,553	$1.0m0.11%	0.11%	Added +11	+11 0.0%
65	AMEREN CORP COM AEE	AEE	9,534	$995.2k0.11%	0.11%	Added +4.0k	+3,952 70.8%
66	EOS ENERGY ENTERPRISES INC COM CL A EOSE	EOSE	86,700	$987.5k0.11%	0.11%	Added +13.2k	+13,250 18.0%
67	PHILIP MORRIS INTL INC COM PM	PM	5,841	$947.5k0.10%	0.10%	Added +2	+2 0.0%
68	US FOODS HLDG CORP COM USFD	USFD	12,124	$928.9k0.10%	0.10%	Reduced -168.2k	-168,218 -93.3%
69	CASEYS GEN STORES INC COM CASY	CASY	1,529	$864.4k0.09%	0.09%	Added +46	+46 3.1%
70	HOME DEPOT INC COM HD	HD	1,894	$767.5k0.08%	0.08%	Added +6	+6 0.3%
71	ENTERPRISE FINL SVCS CORP COM EFSC	EFSC	11,336	$657.3k0.07%	0.07%	Added +192	+192 1.7%
72	STARBUCKS CORP COM SBUX	SBUX	7,712	$652.4k0.07%	0.07%	Added +1	+1 0.0%
73	ORACLE CORP COM ORCL	ORCL	2,225	$625.8k0.07%	0.07%	Reduced -604	-604 -21.4%
74	COMMERCE BANCSHARES INC COM CBSH	CBSH	10,457	$624.9k0.07%	0.07%	Added +47	+47 0.5%
75	SHERWIN WILLIAMS CO COM SHW	SHW	1,769	$612.5k0.07%	0.07%	Reduced -10	-10 -0.6%
76	UL SOLUTIONS INC CLASS A COM SHS ULS	ULS	8,216	$582.2k0.06%	0.06%	Added +4.8k	+4,794 140.1%
77	API GROUP CORP COM STK APG	APG	16,379	$562.9k0.06%	0.06%	Added +6.1k	+6,054 58.6%
78	US BANCORP DEL COM NEW USB	USB	11,250	$543.7k0.06%	0.06%	Reduced -2.9k	-2,875 -20.4%
79	NORTHROP GRUMMAN CORP COM NOC	NOC	884	$538.8k0.06%	0.06%	Unchanged
80	WILLIAMS COS INC COM WMB	WMB	8,320	$527.1k0.06%	0.06%	Unchanged
81	BANK AMERICA CORP COM BAC	BAC	10,019	$516.9k0.06%	0.06%	Added +1.0k	+1,013 11.2%
82	EMERSON ELEC CO COM EMR	EMR	3,886	$509.8k0.06%	0.06%	Reduced -68	-68 -1.7%
83	LINDE PLC SHS LIN	LIN	1,018	$483.6k0.05%	0.05%	Unchanged
84	CIENA CORP COM NEW CIEN	CIEN	3,268	$476.1k0.05%	0.05%	Added +185	+185 6.0%
85	HERMES INTERNATIONAL SA ADR ADR HESAY	HESAY	1,840	$451.0k0.05%	0.05%	Unchanged
86	CATERPILLAR INC COM CAT	CAT	931	$444.4k0.05%	0.05%	Reduced -148	-148 -13.7%
87	NEXTERA ENERGY INC COM NEE	NEE	5,397	$407.4k0.04%	0.04%	Unchanged
88	MCDONALDS CORP COM MCD	MCD	1,328	$403.6k0.04%	0.04%	Reduced -100	-100 -7.0%
89	AT&T INC COM T	T	14,138	$399.3k0.04%	0.04%	Added +5	+5 0.0%
90	NORFOLK SOUTHN CORP COM NSC	NSC	1,260	$378.4k0.04%	0.04%	Unchanged
91	BOEING CO COM BA	BA	1,718	$370.9k0.04%	0.04%	Reduced -345	-345 -16.7%
92	ISHARES TR S&P 500 GRWT ETF IVW	IVW	3,002	$362.4k0.04%	0.04%	Added +454	+454 17.8%
93	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	1,655	$345.4k0.04%	0.04%	Reduced -75	-75 -4.3%
94	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,210	$341.4k0.04%	0.04%	Reduced -35.3k	-35,312 -96.7%
95	AMGEN INC COM AMGN	AMGN	1,137	$320.8k0.04%	0.04%	Added +3	+3 0.3%
96	COMFORT SYS USA INC COM FIX	FIX	386	$318.5k0.03%	0.03%	New
97	LIFE TIME GROUP HOLDINGS INC COMMON STOCK LTH	LTH	11,259	$310.7k0.03%	0.03%	Added +2.6k	+2,623 30.4%
98	JABIL INC COM JBL	JBL	1,414	$307.1k0.03%	0.03%	Added +77	+77 5.8%
99	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	8,186	$305.7k0.03%	0.03%	Unchanged
100	Enterprise Financial Services PFD EFSC 5 PERP A	EFSC 5 PERP A	14,750	$303.9k0.03%	0.03%	Added +500	+500 3.5%

Sold out since Q2 2025

Security	Ticker	Shares held before	Value then
CYBERARK SOFTWARE LTD CYBR	CYBR	49,331	$20.1m49.3k shares
INTUITIVE SURGICAL INC ISRG	ISRG	32,285	$17.5m32.3k shares
FAIR ISAAC CORP FICO	FICO	9,022	$16.5m9.0k shares
CROWDSTRIKE HLDGS INC CRWD	CRWD	20,010	$10.2m20.0k shares
FISERV INC FISV	FISV	23,065	$4.0m23.1k shares
JPMORGAN CHASE & CO JPM	JPM	1,475	$427.5k1.5k shares
MONDAY COM LTD MNDY	MNDY	808	$254.1k808 shares
XPO INC XPO	XPO	1,923	$242.9k1.9k shares
BADGER METER INC BMI	BMI	890	$218.0k890 shares
AUTOMATIC DATA PROCESSING IN ADP	ADP	660	$203.5k660 shares
TECHPRECISION CORP TPCS	TPCS	12,621	$47.2k12.6k shares
Rait Finl Tr Pfd Ser A Cum Div RASF 7.75 PERP A	RASF 7.75 PERP A	20,000	$020.0k shares
Sino Express Travel Ltd.		15,000	$015.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
TESLA INC TSLA · Call	TSLA	Call	1,000	$444.7k1.0k shares	Reduced
ALIBABA GROUP HLDG LTD BABA · Call	BABA	Call	1,700	$303.8k1.7k shares	Added
LULULEMON ATHLETICA INC LULU · Call	LULU	Call	1,500	$266.9k1.5k shares	Added
BITMINE IMMERSION TECNOLOGIE BMNR · Call	BMNR	Call	2,800	$145.4k2.8k shares	New
UNION PAC CORP UNP · Call	UNP	Call	500	$118.2k500 shares	New
OCCIDENTAL PETE CORP OXY · Call	OXY	Call	2,000	$94.5k2.0k shares	New
PFIZER INC PFE · Put	PFE	Put	3,500	$89.2k3.5k shares	New
APPLE INC AAPL · Call	AAPL	Call	300	$76.4k300 shares	Reduced
PALANTIR TECHNOLOGIES INC PLTR · Call	PLTR	Call	400	$73.0k400 shares	Added