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Due To Popular Demand, Here Is JAT Capital's Stock Portfolio

Tyler Durden's picture


In the aftermath of the wipe outs in former momo-stars Netflix and First Solar, for some inexplicable reason, we have been flooded with demands to present an updated portfolio of one JAT Capital Management. Always willing to oblige, here are the top 25 holdings.

Source: CapitalIq


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Tue, 10/25/2011 - 14:24 | 1809285 Zola
Zola's picture

Priceline dump, here we come ?

Tue, 10/25/2011 - 14:32 | 1809325 slaughterer
slaughterer's picture

JAT is a facade organization for the NYFED.   

Tue, 10/25/2011 - 14:48 | 1809388 NotApplicable
NotApplicable's picture

Thanks, I was wondering who JAT was.

Tue, 10/25/2011 - 14:52 | 1809405 Divided States ...
Divided States of America's picture

the guys who run JAT are probably all related to Robo 'Momo' Trader who is now currently pissing his pants as his account balance nosedives.

Tue, 10/25/2011 - 14:59 | 1809426 Divided States ...
Divided States of America's picture

Some effin clown had nothing better to do and just junked all the messages on this that you Robo??? Having an anxiety breakdown??

Tue, 10/25/2011 - 18:51 | 1810304 Hard1
Hard1's picture

Lately making a killing if you own puts on many of these!!

Tue, 10/25/2011 - 18:40 | 1810263 Don Birnam
Don Birnam's picture

At first glance, this looked very much like the 2011 iteration of "Winners of the New World."

What a dung heap.

Tue, 10/25/2011 - 14:32 | 1809326 Clueless Economist
Clueless Economist's picture

Wow, I should never have listened to Jim Cramer!!!

I bought NFLX @ $280 when he recommended it.  He looked like a genius when it hit $300.

Should I sell or wait for it to get back to $280?

Tue, 10/25/2011 - 14:36 | 1809341 Amish Hacker
Amish Hacker's picture

Cramer didn't tell you when to sell? This is not the first time he's done that.

Tue, 10/25/2011 - 14:45 | 1809366 TruthInSunshine
TruthInSunshine's picture

Clueless Economist - since you're asking an idiotic question, wait until the no or little barrier to entry competitors of NFLX (Amazon, Google, Comcast, etc. come along with their own services, many that own the infrastructure that digital content is streamed over or sell the content and even own the content that is streamed [neither of which can be said of NFLX]) drive NFLX's price down to $10 before selling.

That way, you will be able to forever brag that you at least got out before it went to $0.

Tue, 10/25/2011 - 14:45 | 1809374 J 457
J 457's picture

I think he says buy Dominos Pizza- DPZ.  Only like 1.5 billion debt.  Is that good.  Cramer says ok.

Tue, 10/25/2011 - 14:50 | 1809396 NotApplicable
NotApplicable's picture

Why, does not everyone like pizza?

Tue, 10/25/2011 - 14:47 | 1809382 knukles
knukles's picture

Oh, now I get it!
It's a hedge fund and he held Green Mountain Coffee to hedge his Upside Risk.


Tue, 10/25/2011 - 14:58 | 1809419 PulauHantu29
PulauHantu29's picture

"Never a better time to buy a house then now, "Clueless. Why not complete the cirlce of doom....add the RE to your NFLX portfolio.

Tue, 10/25/2011 - 15:03 | 1809442 sheeple2012
sheeple2012's picture

Actually he was still pump-monkeying NFLX on July 12th when it was at $295...

Tue, 10/25/2011 - 15:58 | 1809696 YesWeKahn
YesWeKahn's picture

It is still better than some of us who bought FAZ at 70 and stuck to it forever.

Tue, 10/25/2011 - 14:25 | 1809291 Irish66
Irish66's picture

Does this not feel like controlled destruction

Tue, 10/25/2011 - 14:27 | 1809300 Robot Traders Mom
Robot Traders Mom's picture

No, it does not.

-Dick Cheney

Tue, 10/25/2011 - 14:25 | 1809293 Black Forest
Black Forest's picture

Extremely sustainable and well-founded positions to the highest degree.

Tue, 10/25/2011 - 14:26 | 1809294 dwdollar
dwdollar's picture

Steers now (or soon)...

Tue, 10/25/2011 - 14:27 | 1809302 The Axe
The Axe's picture

Holy shit..a list like that would have me on the shitter with a bottle of scotch.....

Tue, 10/25/2011 - 14:51 | 1809402 NotApplicable
NotApplicable's picture

That's because you don't have a magic checkbook with the ability to move "markets."

Tue, 10/25/2011 - 14:28 | 1809309 carbonmutant
carbonmutant's picture

What no FSLR...?

Tue, 10/25/2011 - 14:49 | 1809391 optimator
optimator's picture

Al-Lucent, stil around?

Tue, 10/25/2011 - 14:28 | 1809310 danger close here
danger close here's picture

wow that is a scary fking portfolio. alpha beta to the max

Tue, 10/25/2011 - 14:38 | 1809346 Amish Hacker
Amish Hacker's picture

Figure a $19 million loss today, just on the NFLX.

Tue, 10/25/2011 - 14:57 | 1809418 optimator
optimator's picture

Probably sold and shorted it a few days ago.

Tue, 10/25/2011 - 14:31 | 1809317 GoldmanBaggins
GoldmanBaggins's picture

monkeys throwing shit at the CNBC ticker could come up with a better portfolio

Tue, 10/25/2011 - 14:51 | 1809378 azusgm
azusgm's picture

Calling Raven! Raven, please come help the folks at JAT. They lack your stockpicking skills.

Tue, 10/25/2011 - 14:32 | 1809322 azengrcat
azengrcat's picture

Wow this is reminisent of the Eagles Dream Team!

Tue, 10/25/2011 - 14:32 | 1809323 drivenZ
drivenZ's picture

wow, that's like a who's who of popular herd stocks...LNKD's gotta be number 26

Tue, 10/25/2011 - 14:37 | 1809336 Majere
Majere's picture

Almost as good as this new campaign ad:

Tue, 10/25/2011 - 14:36 | 1809340 afdestruction
afdestruction's picture

Over 30% of their port in consumer discretionary stocks. Obviously they don't think theres any chance of a recession....

Tue, 10/25/2011 - 14:40 | 1809354 Sequitur
Sequitur's picture

What a shit portfolio. Half those companies "make money" by dicking around with the books.

Tue, 10/25/2011 - 14:42 | 1809363 Poetic injustice
Poetic injustice's picture

Isn't that the main source of income for most of US companies nowadays?

Tue, 10/25/2011 - 14:55 | 1809411 NotApplicable
NotApplicable's picture

That and corporate paper.

Tue, 10/25/2011 - 14:40 | 1809355 jcaz
jcaz's picture

Dammit, my 3-yr old is managing portfolios again.....

Tue, 10/25/2011 - 14:50 | 1809397 azusgm
azusgm's picture

The eTrade baby is in charge.

Tue, 10/25/2011 - 14:40 | 1809356 gwar5
gwar5's picture

I looked twice, I still can't find Enron.


Tue, 10/25/2011 - 14:40 | 1809357 Waterfallsparkles
Waterfallsparkles's picture

OMG they have all of the High Rollers.  Like Nflx, Open Tabel, Green Mountain, Priceling, Lulu lemon.

Suprised they do not own CMG.

They sure drank the Cool Aid.

Looks like someone wants to take them DOWN.  Or Blow them Up.

Who is JAT Capital?

Tue, 10/25/2011 - 14:59 | 1809424 Nigh Eve
Nigh Eve's picture

I didn't know either until a few minutes ago.   Apparently, JAT is short for John A. Thaler.  This article from Reuters (at link below), from a few days ago, seems to provide a good brief summary of why they have been getting extra attention recently.

Tue, 10/25/2011 - 14:45 | 1809372 0cz
0cz's picture

JAT lack of Capital

Tue, 10/25/2011 - 14:45 | 1809376 ghostfaceinvestah
ghostfaceinvestah's picture

Is that where RobotTrader works?

Tue, 10/25/2011 - 14:48 | 1809389 sheeple2012
sheeple2012's picture

JAT - Jumped Another Turd

Tue, 10/25/2011 - 14:48 | 1809392 mjk0259
mjk0259's picture

This must be the short positions

Tue, 10/25/2011 - 14:51 | 1809399's picture

Soooo...all that tech and no Google, Apple or MSFT....they try to shoot for the moon

Tue, 10/25/2011 - 14:51 | 1809400 andrew123
andrew123's picture

The last report from JAT was that they were up 31% through Sept (


Does anyone know some of their shorts?

Tue, 10/25/2011 - 14:58 | 1809421 knukles
knukles's picture

Probably include brown skidmarks as of today.

Up 31%, eh?
Have they done the Olde Hedge Fund Silo Routine with the real dogs?  Or is that called something different these days?  In the real old old days when men were men and owned up to their nimbers, it was called fucking with your returns.

Tue, 10/25/2011 - 14:51 | 1809401 Odin
Odin's picture

Get ready, here come the inevitable algo rally at 3pm!

Tue, 10/25/2011 - 15:28 | 1809406 mynhair
mynhair's picture

Yep, rumor time!  In TNA 43.95


30 mins later: made a beer run, back to see it went at 44.50, and is now down a buck from there.

Tue, 10/25/2011 - 14:52 | 1809404 RoadKill
RoadKill's picture

WOW it might be hard to find a dumber portfolio. All their investments are dumb mono trades with no valuation or Porters 5 force support

Tue, 10/25/2011 - 14:54 | 1809409 knukles
knukles's picture

Today's word is "Margin Call", kids.
Can anybody tell me what a Margin Call is without using a string of Anglo-Saxon invectives?

Is it when we get a kinetic action up our diseased bleeding colon disrupting the care of our strangely shaped painful scrotum, Dr. Knukles?

Tue, 10/25/2011 - 14:54 | 1809410 CvlDobd
CvlDobd's picture

Not sure why this portfolio is getting made fun of. For the most part you would be doing pretty well over the last cycle and made some money. Isn't that the point? If you have a stock in your portfolio, do you really give a crap about the company if the share price is on a strong trajectory up if long? Not saying those are quality companies but they have been money makers for shareholders. Just sayin if you had been shorting most of those you would have blown up long before you got the chance to profit from some drops in some of those names the past few months. Sad but true. Junk away.

Tue, 10/25/2011 - 15:03 | 1809440 knukles
knukles's picture

All true with one qualification... and that's the caveat you pointed out.  Was good until recently.   And at last count if I was still in that fund, I'd own recently. 
But, it certianly does seem to me that regardless whether here on ZH or out there, the overall mood has really hit the skids particularly hard, reality setting in, lots of newly found anger and cynicism within the last few weeks.  And I do mean cynicism and anger.  Disenfranchisement coming to a frothy head.

Tue, 10/25/2011 - 15:33 | 1809573 CvlDobd
CvlDobd's picture

Hpotehetically a small investor with some chart skill could be riding the remaining good ones and have a few that are flirting with getting stopped out. I've been long GMCR, DPZ, TEN, ULTA and HUM at various times over the past few years and have done well with them. I don't really care what the company does or what its PE is. I can't spend PE ratios at the gas station. I can liquidate a high flying momo stock at a profit and spend those proceeds.

Others can hate all you want but the day where a vendor turns down my USD has not yet arrived. Until it does early is as good as wrong. Just look at the new Tilson post on NFLX.

Tue, 10/25/2011 - 14:56 | 1809413 hotkarlandthecl...
hotkarlandtheclevelandsteamers's picture

A JAT Capital Investor and his money soon part ways.

Tue, 10/25/2011 - 15:04 | 1809438 drivenZ
drivenZ's picture

per the WSJ...

"According to a regulatory filing at the end of September, JAT owned 4.02 million Netflix shares or options to acquire shares as of Sept. 20. At the end of June, JAT had owned just 467,812 Netflix shares, the hedge fund disclosed."


looks like that ZH data is stale...they had alot more than 467k NFLX shares. They do have shorts though, but i dont think that NFLX drop is hedgeable. maybe they have some serious option hedges? still gotta hurt though. 

Tue, 10/25/2011 - 15:09 | 1809467 sheeple2012
sheeple2012's picture

Surprised no TZOO or UA...

Tue, 10/25/2011 - 15:24 | 1809511 YesWeKahn
YesWeKahn's picture

Funny, one of my friends has a very similar line up.

Tue, 10/25/2011 - 15:25 | 1809523 Scalaris
Scalaris's picture

Only gem missing from the list is Bank of America.

Tue, 10/25/2011 - 15:29 | 1809543 Christoph830
Christoph830's picture

I bet their 26th top holding is SODA

Tue, 10/25/2011 - 15:32 | 1809567 YesWeKahn
YesWeKahn's picture

you laugh, but he might be the next Paulson when the economy "recovers" thanks you Bernanke's QE3.

Tue, 10/25/2011 - 15:57 | 1809692 Wannabee
Wannabee's picture

Rumor has it Groupon position will knock PCLN into 2nd place

Tue, 10/25/2011 - 15:59 | 1809699 Randall Cabot
Randall Cabot's picture

What ever happened to Leo who was a big solar bull and a contributer here too I think?

Tue, 10/25/2011 - 16:23 | 1809820 Gief Gold Plox
Gief Gold Plox's picture

Does JAT stand for Just Add Tarp?

Tue, 10/25/2011 - 17:52 | 1810128 wawawiwaa
wawawiwaa's picture

The JAT portfolio was up 30 pct at sept 30... Don't hate the players.... hate the ................. 

Tue, 10/25/2011 - 18:11 | 1810176 Pedantic Rube
Pedantic Rube's picture

This is from June 30, he filed a 13D on Sep 30 for 4,014,691 shares....He had a MONSTER position in it.

Tue, 10/25/2011 - 18:12 | 1810179 Pedantic Rube
Pedantic Rube's picture

Sorry I meant 13G....Not going activst, my bad

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