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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
-19.68%
1 Year Est. Return
-45.58%
3 Year Est. Return
+204.62%
5 Year Est. Return
+40.22%
10 Year Est. Return
–
AUM
$482M
AUM Growth
-$446M
Cap. Flow
-$287M
Cap. Flow %
-59.65%
Top 10 Hldgs %
100%
Holding
8
New
3
Increased
–
Reduced
–
Closed
3

Top Buys

Rank Stock Value
1
AFRM icon
Affirm
AFRM
+$382M
2
HIMS icon
Hims & Hers Health
HIMS
+$256M
3
HIMS.WS
Hims & Hers Health, Inc. Warrants, each whole warrant exercisable for one Class A Common Stock at an
HIMS.WS
+$559K

Top Sells

Rank Stock Value
1
U icon
Unity
U
+$541M
2
TWLO icon
Twilio
TWLO
+$295M
3
LMND icon
Lemonade
LMND
+$90.4M

Sector Composition

Rank Sector Weight
1 Financials 57.83%
2 Healthcare 42.04%
3 Real Estate 0.05%
4 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AFRM icon
1
Affirm
AFRM
$25.8B
$278M 57.78%
+3,935,366
New +$382M
HIMS icon
2
Hims & Hers Health
HIMS
$7.88B
$202M 42.04%
+15,303,963
New +$256M
HIMS.WS
3
DELISTED
Hims & Hers Health, Inc. Warrants, each whole warrant exercisable for one Class A Common Stock at an
HIMS.WS
$376K 0.08%
+85,578
New +$559K
OPEN icon
4
Opendoor
OPEN
$3.43B
$257K 0.05%
12,538
– –
BFH icon
5
Bread Financial
BFH
$4.07B
$202K 0.04%
2,255
– –
LMND icon
6
Lemonade
LMND
$4.13B
– –
-738,083
Closed -$90.4M
TWLO icon
7
Twilio
TWLO
$34.6B
– –
-871,779
Closed -$295M
U icon
8
Unity
U
$20.7B
– –
-3,526,640
Closed -$541M

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Josh Kushner's Q1 2021 Portfolio in Review

As of Q1 2021, Josh Kushner held 8 positions worth $482M, down 48% from $927M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Josh Kushner withdrew a net $287M in Q1 2021, closing 3 positions. Its most notable exit was Unity, an estimated $541M position sold in full.

By sector, the portfolio is most concentrated in Financials at 58% of assets, up from 9.8% a quarter earlier, followed by Healthcare and Real Estate.

Against the trend, Josh Kushner opened a new position in Affirm worth $278M.

  • Josh Kushner's largest Q1 2021 buy was Affirm: 3,935,366 shares worth $278M.
  • Josh Kushner fully exited Unity in Q1 2021, selling an estimated $541M.
  • Josh Kushner's ten largest holdings make up 100% of its $482M portfolio in Q1 2021.
  • Josh Kushner opened 3 new positions and closed 3 in Q1 2021.
  • Josh Kushner's portfolio value fell 48% quarter-over-quarter to $482M.

Based on Thrive Capital Management (New York)'s 13F filing for Q1 2021, filed 17 May 2021.