13F Insight
DOSSIER · 13F-HR · Q1 2026

JS Capital Management LLC

$109M in tracked AUM across 1 positions as of Q1 2026.

JC
CIK 0001562668 · last filed Mar 31, 2026
Total AUM
$109M
as of Q1 2026
Holdings
1
—
positions
Whale Score
69
69
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026
Portfolio Overview

JS Capital Management LLC reported a total 13F portfolio value of $165.17 million as of 2025-12-31, down 3.7% from $171.58 million on 2025-09-30 (a decline of $6.41 million). The filing shows a single holding (1 security, unchanged since the prior quarter). This is an extremely concentrated portfolio: 100.0% of reported 13F assets are invested in one equity position. The lack of diversification means the fund’s reported performance for the quarter is driven entirely by price...

Key Holdings

The sole holding is Ranpak Holdings Corp (ticker: PACK), valued at $165.17 million, comprising 30.53 million shares and representing 100.0% of the 13F portfolio. Implied per-share values from the filing:

  • Current quarter implied price = $165.17M / 30.53M = $5.41 per share.
  • Prior quarter implied price = $171.58M / 30.53M = $5.62 per share. The quarter-over-quarter decline in portfolio value (-3.7%) is consistent with a roughly -3.8% change in PACK’s market price given an unchanged share count. The filer neither added to nor reduced the reported position during the quarter.
Sector Allocation

The filing lists sector allocation as "Unknown" and assigns $165.17M to that category. The 13F data does not break out conventional GICS sectors for this filing. (Public classification of Ranpak places it in packaging/industrial equipment, commonly associated with Industrials or Materials classifications.) From the filing itself, there is no diversification across sectors—100% of assets are in the same issuer and sector bucket.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
PACK
RANPAK HOLDINGS CORP
$109M30.5M100.0%

Filing history

2026Q1Mar 31
$109M▼ 34.0%
1 positionsView →2025Q4Dec 31
$165M▼ 3.7%
1 positionsView →2025Q3Sep 30
$172M▲ 57.4%
1 positionsView →2025Q2Jun 30
$109M▼ 34.1%
1 positionsLocked2025Q1Mar 31
$165M▼ 21.2%
1 positionsLocked2024Q4Dec 31
$210M▲ 5.4%
1 positionsLocked2024Q3Sep 30
$199M▲ 1.6%
1 positionsLocked2024Q2Jun 30
$196M▼ 18.3%
1 positionsLocked2024Q1Mar 31
$240M▼ 71.3%
1 positionsLocked2023Q4Dec 31
$836M▲ 14.0%
25 positionsLocked2023Q3Sep 30
$733M▼ 3.9%
27 positionsLocked2023Q2Jun 30
$763M▲ 37.9%
31 positionsLocked
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