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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
+6.7%
1 Year Est. Return
-45.58%
3 Year Est. Return
+204.62%
5 Year Est. Return
+40.22%
10 Year Est. Return
–
AUM
$1.27B
AUM Growth
+$457M
Cap. Flow
+$680M
Cap. Flow %
53.47%
Top 10 Hldgs %
100%
Holding
11
New
5
Increased
–
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
HOOD icon
Robinhood
HOOD
+$928M
2
OSCR icon
Oscar Health
OSCR
+$80.7M
3
WRBY icon
Warby Parker
WRBY
+$33M
4
BLND icon
Blend Labs
BLND
+$5.89M
5
AMPL icon
Amplitude
AMPL
+$74.1K

Top Sells

Rank Stock Value
1
AFRM icon
Affirm
AFRM
+$265M
2
HIMS icon
Hims & Hers Health
HIMS
+$102M
3
HIMS.WS
Hims & Hers Health, Inc. Warrants, each whole warrant exercisable for one Class A Common Stock at an
HIMS.WS
+$287K

Sector Composition

Rank Sector Weight
1 Financials 67.51%
2 Technology 13.94%
3 Healthcare 10.96%
4 Real Estate 7.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HOOD icon
1
Robinhood
HOOD
$97.2B
$859M 67.51%
+20,410,961
New +$928M
VMEO
2
DELISTED
Vimeo
VMEO
$172M 13.51%
5,852,853
– –
COMP icon
3
Compass
COMP
$9.02B
$96.7M 7.6%
7,289,430
– –
OSCR icon
4
Oscar Health
OSCR
$9.89B
$82.7M 6.5%
+4,755,222
New +$80.7M
WRBY icon
5
Warby Parker
WRBY
$3.39B
$32.6M 2.56%
+613,802
New +$33M
HIMS icon
6
Hims & Hers Health
HIMS
$7.88B
$24.1M 1.9%
3,202,616
-12,101,347
-79% -$102M
BLND icon
7
Blend Labs
BLND
$360M
$4.68M 0.37%
+346,970
New +$5.89M
TWLO icon
8
Twilio
TWLO
$34.6B
$686K 0.05%
1,741
– –
AMPL icon
9
Amplitude
AMPL
$1.66B
$74K 0.01%
+1,362
New +$74.1K
AFRM icon
10
Affirm
AFRM
$25.8B
– –
-3,935,366
Closed -$265M
HIMS.WS
11
DELISTED
Hims & Hers Health, Inc. Warrants, each whole warrant exercisable for one Class A Common Stock at an
HIMS.WS
– –
-85,578
Closed -$287K

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Josh Kushner's Q3 2021 Portfolio in Review

As of Q3 2021, Josh Kushner held 11 positions worth $1.27B, up 56% from $815M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Josh Kushner deployed $680M of net new capital in Q3 2021, opening 5 new positions. Its largest new stake was Robinhood: 20,410,961 shares worth $859M.

By sector, the portfolio is most concentrated in Financials at 68% of assets, up from 33% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Hims & Hers Health, an estimated $102M trimmed.

  • Josh Kushner's largest Q3 2021 buy was Robinhood: 20,410,961 shares worth $859M.
  • Josh Kushner's biggest Q3 2021 reduction was Hims & Hers Health, cutting an estimated $102M.
  • Josh Kushner fully exited Affirm in Q3 2021, selling an estimated $265M.
  • Josh Kushner's ten largest holdings make up 100% of its $1.27B portfolio in Q3 2021.
  • Josh Kushner opened 5 new positions and closed 2 in Q3 2021.
  • Josh Kushner's portfolio value rose 56% quarter-over-quarter to $1.27B.

Based on Thrive Capital Management (New York)'s 13F filing for Q3 2021, filed 15 Nov 2021.