JAG Capital Management
JAG Capital Management Small Mid Cap Growth Strategy
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 4 investment theses and positions in 46 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year — follow all of JAG Capital Management for every strategy.
Performance
as of Jun 30, 2026 · net of fees · USD
- YTD+47.0%index +19.7%
- 1Y+57.9%index +32.9%
- 3Y · /yr+29.2%index +16.4%
- 5Y · /yr+9.5%index +5.0%
- Inception · /yr+21.3%index +12.0%
Index: Russell 2500 Growth
| YTD | 1Y | 3Yper year | 5Yper year | Since inceptionper year | |
|---|---|---|---|---|---|
| JAG Capital Management Small Mid Cap Growth Strategy | +47.0% | +57.9% | +29.2% | +9.5% | +21.3% |
| Russell 2500 Growth | +19.7% | +32.9% | +16.4% | +5.0% | +12.0% |
Calendar years
- 2025+6.4%index +7.5%
- 2024+31.6%index +13.9%
- 2023+23.6%index +18.9%
- 2022−34.1%index −26.2%
- 2021+6.9%index +5.0%
- 2020+97.6%index +40.5%
- 2019+4.0%index +10.6%
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
C.H. Robinson (CHRW) is one of the largest third-party logistics providers in North America. We exited our position following an adverse advisory verdict from a Texas jury in a negligent hiring case that resulted in the death of three people.
ON Semiconductor (ON) is one of the leading industrial and auto chip makers. We divested our position as recent large acquisition news weighed on investor sentiment and relative strength continued to deteriorate.
Elanco Animal Health (ELAN) is an animal health company. We divested our position as relative strength deteriorated tied to industry-wide demand concerns and fears of rising competition.
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
Regal Rexnord (RRX) manufactures motors and power transmission components used in a wide variety of industrial applications. We exited our position as relative strength continued to deteriorate following a revenue and margin miss.
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
Bloom Energy (BE) is an onsite power provider. We exited our position as relative strength continued to deteriorate and as the company could face challenges in scaling production given limitations on the supply of scandium.
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
XPO (XPO) is a leading less-than-truckload (LTL) trucking firm. We divested our position given deteriorating relative strength and mounting macro headwinds, including higher yields and elevated fuel costs.
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
MasTec (MTZ) is an infrastructure construction company. We divested our position as valuations became very demanding after a significant outperformance during the holding period.
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
Atmus Filtration (ATMU) manufactures filters for trucks and industrial equipment. We exited our position as the relative strength continued to deteriorate following a revenue miss against elevated expectations.
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
New Buys Full Sells Company Sector Abivax Health Care Manchester United Communication Services Blue Bird Industrials Sphere Entertainment Communication Services Rubrik Information Technology Sterling Infrastructure Industrials Cytokinetics Health Care FormFactor Information Technology Nordson Corporation Industrials Lyft Industrials Elastic Information Technology Match Group Communication Services Oscar Health Financials
- AddedVeradermicsJun 2026
Veradermics (MANE) is a biotech company working on developing a new and improved treatment for Pattern Hair Loss (commonly referred to as Male Pattern
Jazz Pharmaceutical (JAZZ) is a global biotech company that has historically focused on rare neurological diseases.
We divested our position as the relative strength continued to deteriorate following unfavorable quarterly earnings that showed higher than anticipated operating expenses.
Also held
Its investment theses
- Manchester UnitedSep 2026Manchester United is a global football brand with revenue upside from Champions League return and potential value unlocking.
- CytokineticsSep 2026Cytokinetics is an early-commercial biotech whose lead drug has long-term growth potential in a large underserved market.
- Oscar HealthSep 2026Oscar Health is a tech-forward ACA insurer positioned to benefit from industry exits and long-term business improvements.
- FactSet Research SystemsJun 2026FactSet Research Systems provides financial data and software and is pursuing AI-driven monetization opportunities.