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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
+9.99%
1 Year Est. Return
-45.58%
3 Year Est. Return
+204.62%
5 Year Est. Return
+40.22%
10 Year Est. Return
–
AUM
$390M
AUM Growth
+$47.9M
Cap. Flow
+$19.6M
Cap. Flow %
5.01%
Top 10 Hldgs %
100%
Holding
6
New
2
Increased
–
Reduced
1
Closed
–

Top Buys

Rank Stock Value
1
CART icon
Maplebear
CART
+$48.8M
2
BLND icon
Blend Labs
BLND
+$40.5K

Top Sells

Rank Stock Value
1
CVNA icon
Carvana
CVNA
+$29.3M

Sector Composition

Rank Sector Weight
1 Financials 51.28%
2 Consumer Discretionary 36.62%
3 Healthcare 6.78%
4 Technology 5.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HOOD icon
1
Robinhood
HOOD
$97.2B
$200M 51.28%
20,410,961
– –
CVNA icon
2
Carvana
CVNA
$76.9B
$95.2M 24.38%
11,338,050
-3,403,050
-23% -$29.3M
CART icon
3
Maplebear
CART
$11.5B
$47.8M 12.25%
+1,610,560
New +$48.8M
OSCR icon
4
Oscar Health
OSCR
$9.89B
$26.5M 6.78%
4,755,222
– –
VMEO
5
DELISTED
Vimeo
VMEO
$20.7M 5.31%
5,852,853
– –
BLND icon
6
Blend Labs
BLND
$360M
$45.7K 0.01%
+33,333
New +$40.5K

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Josh Kushner's Q3 2023 Portfolio in Review

As of Q3 2023, Josh Kushner held 6 positions worth $390M, up 14% from $343M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Josh Kushner deployed $19.6M of net new capital in Q3 2023, opening 2 new positions. Its largest new stake was Maplebear: 1,610,560 shares worth $47.8M.

By sector, the portfolio is most concentrated in Financials at 51% of assets, down from 59% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Carvana, an estimated $29.3M trimmed.

  • Josh Kushner's largest Q3 2023 buy was Maplebear: 1,610,560 shares worth $47.8M.
  • Josh Kushner's biggest Q3 2023 reduction was Carvana, cutting an estimated $29.3M.
  • Josh Kushner's ten largest holdings make up 100% of its $390M portfolio in Q3 2023.
  • Josh Kushner opened 2 new positions and closed 0 in Q3 2023.
  • Josh Kushner's portfolio value rose 14% quarter-over-quarter to $390M.

Based on Thrive Capital Management (New York)'s 13F filing for Q3 2023, filed 14 Nov 2023.