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JK

Josh Kushner Thrive Capital Management (New York)

AUM $3.81B
1-Year Est. Return 45.58%
 

Josh Kushner is the founder of Thrive Capital, a technology investment firm spanning venture and public-market exposure. Thrive is known for backing category-defining software and internet companies and for selective public equity ownership. Kushner’s firm sits at the intersection of venture capital and public growth investing followed through filings.

This Fund
S&P 500
This Quarter Est. Return
-13.06%
1 Year Est. Return
-45.58%
3 Year Est. Return
+204.62%
5 Year Est. Return
+40.22%
10 Year Est. Return
–
AUM
$126M
AUM Growth
-$28.3M
Cap. Flow
-$9.87M
Cap. Flow %
-7.83%
Top 10 Hldgs %
100%
Holding
5
New
1
Increased
–
Reduced
1
Closed
–

Top Buys

Rank Stock Value
1
Z icon
Zillow
Z
+$37.3M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$47.2M

Sector Composition

Rank Sector Weight
1 Technology 76.96%
2 Communication Services 23.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.59T
$60.2M 47.78%
433,023
-342,897
-44% -$47.2M
Z icon
2
Zillow
Z
$8.07B
$27.9M 22.14%
+935,624
New +$37.3M
ZM icon
3
Zoom
ZM
$31.5B
$22.9M 18.14%
300,000
– –
WORK
4
DELISTED
Slack Technologies, Inc.
WORK
$13.9M 11.03%
585,785
– –
FVRR icon
5
Fiverr
FVRR
$331M
$1.13M 0.9%
60,572
– –

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Josh Kushner's Q3 2019 Portfolio in Review

As of Q3 2019, Josh Kushner held 5 positions worth $126M, down 18% from $154M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Josh Kushner withdrew a net $9.87M in Q3 2019, reducing 1 holding. Its largest reduction was Microsoft, cutting an estimated $47.2M.

By sector, the portfolio is most concentrated in Technology at 77% of assets, down from 99% a quarter earlier, followed by Communication Services.

Against the trend, Josh Kushner opened a new position in Zillow worth $27.9M.

  • Josh Kushner's largest Q3 2019 buy was Zillow: 935,624 shares worth $27.9M.
  • Josh Kushner's biggest Q3 2019 reduction was Microsoft, cutting an estimated $47.2M.
  • Josh Kushner's ten largest holdings make up 100% of its $126M portfolio in Q3 2019.
  • Josh Kushner opened 1 new position and closed 0 in Q3 2019.
  • Josh Kushner's portfolio value fell 18% quarter-over-quarter to $126M.

Based on Thrive Capital Management (New York)'s 13F filing for Q3 2019, filed 6 Nov 2019.