Jade Capital Advisors, LLC

Essex Fells, NJ · CIK 1761663 · 13F filing filed 2024-02-12

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityJADE CAPITAL ADVISORS LLC (US)

$164.4m reported value +60.1% vs Q3 2023

76positions

39.0%in top 10

33 new 17 added 17 reduced 23 sold out vs Q3 2023

Options: 1 call positions ($2.6m notional), 1 put positions ($819.5k notional) – listed below, not included above.

Holdings, Q4 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	ORION S.A. COM OEC	OEC	328,041	$9.1m5.53%	5.53%	Added +265.0k	+265,000 420.4%
2	TRIUMPH GROUP INC NEW COM TGI	TGI	460,000	$7.6m4.64%	4.64%	Added +150.0k	+150,000 48.4%
3	UNITED AIRLS HLDGS INC COM UAL	UAL	173,165	$7.1m4.35%	4.35%	New
4	NORWEGIAN CRUISE LINE HLDG L SHS NCLH	NCLH	350,000	$7.0m4.27%	4.27%	New
5	COMMERCIAL METALS CO COM CMC	CMC	140,000	$7.0m4.26%	4.26%	New
6	CARNIVAL CORP UNIT 99/99/9999 UNIT 99/99/9999		350,000	$6.5m3.95%	3.95%	New
7	NORFOLK SOUTHN CORP COM NSC	NSC	25,000	$5.9m3.59%	3.59%	Reduced -5.0k	-5,000 -16.7%
8	AMERICAN AIRLS GROUP INC COM AAL	AAL	360,000	$4.9m3.01%	3.01%	Added +300.0k	+300,000 500.0%
9	FLOWSERVE CORP COM FLS	FLS	110,264	$4.5m2.76%	2.76%	Reduced -35.0k	-35,000 -24.1%
10	3M CO COM MMM	MMM	40,000	$4.4m2.66%	2.66%	New
11	REGAL REXNORD CORPORATION COM RRX	RRX	27,500	$4.1m2.48%	2.48%	New
12	STANLEY BLACK & DECKER INC COM SWK	SWK	40,000	$3.9m2.39%	2.39%	Added +30.0k	+30,000 300.0%
13	GENERAC HLDGS INC COM GNRC	GNRC	30,000	$3.9m2.36%	2.36%	Added +25.0k	+25,000 500.0%
14	SAIA INC COM SAIA	SAIA	8,500	$3.7m2.27%	2.27%	New
15	HERC HLDGS INC COM HRI	HRI	22,000	$3.3m1.99%	1.99%	Added +17.0k	+17,000 340.0%
16	BARCLAYS BANK PLC IPTH SR B S&P IPTH SR B S&P		198,250	$3.1m1.87%	1.87%	Added +110.0k	+110,000 124.7%
17	MIDDLEBY CORP COM MIDD	MIDD	20,000	$2.9m1.79%	1.79%	New
18	FRONTIER GROUP HLDGS INC COM ULCC	ULCC	500,000	$2.7m1.66%	1.66%	Added +480.0k	+480,000 2400.0%
19	OCCIDENTAL PETE CORP COM OXY	OXY	45,000	$2.7m1.63%	1.63%	New
20	SCHNEIDER NATIONAL INC CL B SNDR	SNDR	105,000	$2.7m1.63%	1.63%	New
21	LESLIES INC COM COM		367,600	$2.5m1.54%	1.54%	Added +267.6k	+267,600 267.6%
22	TECK RESOURCES LTD CL B TECK	TECK	60,000	$2.5m1.54%	1.54%	Added +30.0k	+30,000 100.0%
23	PACTIV EVERGREEN INC COM PTVE	PTVE	180,000	$2.5m1.50%	1.50%	Reduced -150.0k	-150,000 -45.5%
24	EATON CORP PLC SHS ETN	ETN	10,000	$2.4m1.46%	1.46%	New
25	SPIRIT AEROSYSTEMS HLDGS INC COM CL A SPR	SPR	75,000	$2.4m1.45%	1.45%	New
26	GATES INDL CORP PLC ORD SHS 9666678D	9666678D	175,000	$2.3m1.43%	1.43%	New
27	ROCKWELL AUTOMATION INC COM ROK	ROK	7,500	$2.3m1.42%	1.42%	New
28	WERNER ENTERPRISES INC COM WERN	WERN	50,000	$2.1m1.29%	1.29%	New
29	WOODWARD INC COM WWD	WWD	15,000	$2.0m1.24%	1.24%	New
30	TIMKEN CO COM TKR	TKR	25,000	$2.0m1.22%	1.22%	New
31	NUTRIEN LTD COM NTR	NTR	35,000	$2.0m1.20%	1.20%	Reduced -25.0k	-25,000 -41.7%
32	ALASKA AIR GROUP INC COM ALK	ALK	50,000	$2.0m1.19%	1.19%	New
33	MOSAIC CO NEW COM MOS	MOS	50,000	$1.8m1.09%	1.09%	Reduced -15.0k	-15,000 -23.1%
34	JOHNSON CTLS INTL PLC SHS JCI	JCI	30,000	$1.7m1.05%	1.05%	Unchanged
35	CORTEVA INC COM CTVA	CTVA	35,000	$1.7m1.02%	1.02%	New
36	LIVENT CORP COM COM		90,000	$1.6m0.98%	0.98%	Added +15.0k	+15,000 20.0%
37	JETBLUE AWYS CORP COM JBLU	JBLU	285,000	$1.6m0.96%	0.96%	Added +110.0k	+110,000 62.9%
38	CHEMOURS CO COM CC	CC	50,000	$1.6m0.96%	0.96%	Added +40.0k	+40,000 400.0%
39	AXALTA COATING SYS LTD COM AXTA	AXTA	45,525	$1.5m0.94%	0.94%	Reduced -55.0k	-55,000 -54.7%
40	GOODYEAR TIRE & RUBR CO COM GT	GT	100,000	$1.4m0.87%	0.87%	Reduced -100.0k	-100,000 -50.0%
41	EASTMAN CHEM CO COM EMN	EMN	15,000	$1.3m0.82%	0.82%	Reduced -5.0k	-5,000 -25.0%
42	WEST FRASER TIMBER CO LTD COM WFG	WFG	15,000	$1.3m0.78%	0.78%	Unchanged
43	FREEPORT-MCMORAN INC CL B FCX	FCX	30,000	$1.3m0.78%	0.78%	New
44	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	61,424	$1.3m0.76%	0.76%	New
45	COGNEX CORP COM CGNX	CGNX	30,000	$1.3m0.76%	0.76%	New
46	ALLEGIANT TRAVEL CO COM ALGT	ALGT	15,000	$1.2m0.75%	0.75%	New
47	VERALTO CORP COM SHS VLTO	VLTO	15,000	$1.2m0.75%	0.75%	New
48	ADVANCE AUTO PARTS INC COM AAP	AAP	20,000	$1.2m0.74%	0.74%	New
49	KNIGHT-SWIFT TRANSN HLDGS IN CL A KNX	KNX	20,000	$1.2m0.70%	0.70%	Reduced -30.0k	-30,000 -60.0%
50	SPIRIT AIRLS INC COM SAVE	SAVE	70,000	$1.1m0.70%	0.70%	Added +40.0k	+40,000 133.3%
51	IDEX CORP COM IEX	IEX	5,000	$1.1m0.66%	0.66%	Reduced -2.5k	-2,500 -33.3%
52	TRONOX HOLDINGS PLC SHS TROX	TROX	75,000	$1.1m0.65%	0.65%	Added +5.0k	+5,000 7.1%
53	ATI INC COM ATI	ATI	23,114	$1.1m0.64%	0.64%	New
54	NOV INC COM NOV	NOV	50,000	$1.0m0.62%	0.62%	Added +30.0k	+30,000 150.0%
55	POOL CORP COM POOL	POOL	2,500	$996.8k0.61%	0.61%	New
56	VERTIV HOLDINGS CO COM CL A VRT	VRT	20,000	$960.6k0.58%	0.58%	New
57	COMPASS MINERALS INTL INC COM CMP	CMP	31,346	$793.7k0.48%	0.48%	Reduced -30.0k	-30,000 -48.9%
58	FMC CORP COM NEW FMC	FMC	12,000	$756.6k0.46%	0.46%	Reduced -13.0k	-13,000 -52.0%
59	PPG INDS INC COM PPG	PPG	5,000	$747.8k0.45%	0.45%	Unchanged
60	INTERNATIONAL PAPER CO COM IP	IP	20,000	$723.0k0.44%	0.44%	Reduced -50.0k	-50,000 -71.4%
61	HAYWARD HLDGS INC COM HAYW	HAYW	50,000	$680.0k0.41%	0.41%	New
62	BOEING CO COM BA	BA	2,500	$651.6k0.40%	0.40%	Reduced -32.5k	-32,500 -92.9%
63	SIGMA LITHIUM CORPORATION COM SGML	SGML	20,000	$630.6k0.38%	0.38%	Unchanged
64	TRANSOCEAN LTD REGISTERED SHS RIG	RIG	92,800	$589.3k0.36%	0.36%	Reduced -217.2k	-217,200 -70.1%
65	TEREX CORP NEW COM TEX	TEX	10,000	$574.6k0.35%	0.35%	New
66	HAWAIIAN HOLDINGS INC COM HAGBP	HAGBP	40,000	$568.0k0.35%	0.35%	Reduced -60.0k	-60,000 -60.0%
67	MP MATERIALS CORP COM CL A MP	MP	20,000	$397.0k0.24%	0.24%	Reduced -15.0k	-15,000 -42.9%
68	HEXCEL CORP NEW COM HXL	HXL	5,000	$368.8k0.22%	0.22%	Unchanged
69	CNH INDL N V SHS CNH	CNH	25,000	$304.5k0.19%	0.19%	New
70	PIEDMONT LITHIUM INC COM PLL	PLL	10,000	$282.3k0.17%	0.17%	Unchanged
71	SOUTHWESTERN ENERGY CO COM SWN	SWN	40,000	$262.0k0.16%	0.16%	Added +20.0k	+20,000 100.0%
72	PURECYCLE TECHNOLOGIES INC COM PCT	PCT	35,000	$141.8k0.09%	0.09%	New
73	FISKER INC CL A COM STK SPAQ	SPAQ	50,000	$87.5k0.05%	0.05%	New
74	STANDARD LITHIUM LTD COM SLI	SLI	25,000	$50.5k0.03%	0.03%	Unchanged
75	LUCID GROUP INC COM CCIV	CCIV	10,000	$42.1k0.03%	0.03%	Unchanged
76	FUELCELL ENERGY INC COM COM		10,000	$16.0k0.01%	0.01%	Unchanged

Sold out since Q3 2023

Security	Ticker	Shares held before	Value then
UNION PAC CORP UNP	UNP	35,000	$7.1m35.0k shares
HONEYWELL INTL INC		32,500	$6.0m32.5k shares
PEABODY ENERGY CORP BTU	BTU	85,000	$2.2m85.0k shares
TRANE TECHNOLOGIES PLC TT	TT	10,000	$2.0m10.0k shares
EMERSON ELEC CO EMR	EMR	20,000	$1.9m20.0k shares
WESTROCK CO WRK	WRK	50,000	$1.8m50.0k shares
CHART INDS INC GTLS	GTLS	10,000	$1.7m10.0k shares
UNITED STATES STL CORP NEW X	X	40,000	$1.3m40.0k shares
RIVIAN AUTOMOTIVE INC RIVN	RIVN	50,000	$1.2m50.0k shares
ITRON INC ITRI	ITRI	20,000	$1.2m20.0k shares
NORTHROP GRUMMAN CORP NOC	NOC	2,500	$1.1m2.5k shares
APA CORPORATION APA	APA	25,000	$1.0m25.0k shares
ENTEGRIS INC ENTG	ENTG	10,000	$939.1k10.0k shares
CROWN HLDGS INC CCK	CCK	10,000	$884.8k10.0k shares
BARNES GROUP INC B	B	25,000	$849.2k25.0k shares
LOUISIANA PAC CORP LPX	LPX	15,000	$829.0k15.0k shares
ELEMENT SOLUTIONS INC ESI	ESI	40,000	$784.4k40.0k shares
ALCOA CORP AA	AA	25,000	$726.5k25.0k shares
CENTURY ALUM CO CENX	CENX	75,000	$539.2k75.0k shares
IPG PHOTONICS CORP IPGP	IPGP	5,000	$507.7k5.0k shares
VALE S A VALE	VALE	30,000	$402.0k30.0k shares
COMSTOCK RES INC CRK	CRK	20,000	$220.6k20.0k shares
SPRUCE POWER HOLDING CORP		20,000	$13.6k20.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
BOEING CO BA · Call	BA	Call	10,000	$2.6m10.0k shares	New
SPIRIT AIRLS INC SAVE · Put	SAVE	Put	50,000	$819.5k50.0k shares	New