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JR

Josh Resnick Jericho Capital Asset Management

AUM $12.1B
1-Year Est. Return 109.57%
 

Josh Resnick is the founder of Jericho Capital Asset Management, a technology-focused long/short equity firm. Jericho is known for fundamental research across software, internet, and communications-related businesses. Resnick’s portfolio disclosures are followed by investors tracking high-conviction technology specialists.

This Fund
S&P 500
This Quarter Est. Return
+4.82%
1 Year Est. Return
+109.57%
3 Year Est. Return
+573.41%
5 Year Est. Return
+1,063.76%
10 Year Est. Return
+24,516.22%
AUM
$1.42B
AUM Growth
+$15.6M
Cap. Flow
+$9.53M
Cap. Flow %
0.67%
Top 10 Hldgs %
68.52%
Holding
32
New
11
Increased
7
Reduced
4
Closed
9

Top Buys

Rank Stock Value
1
HRI icon
Herc Holdings
HRI
+$90.6M
2
TRIP icon
TripAdvisor
TRIP
+$86.8M
3
WBMD
WebMD Health Corp.
WBMD
+$71.8M
4
P
Pandora Media Inc
P
+$55.3M
5
MELI icon
Mercado Libre
MELI
+$48.3M

Top Sells

Rank Stock Value
1
LVS icon
Las Vegas Sands
LVS
+$91M
2
AMZN icon
Amazon
AMZN
+$82.5M
3
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
+$77.1M
4
CCI icon
Crown Castle
CCI
+$77.1M
5
CHTR icon
Charter Communications
CHTR
+$71.4M

Sector Composition

Rank Sector Weight
1 Communication Services 23.91%
2 Consumer Discretionary 17.3%
3 Technology 16.79%
4 Financials 10.25%
5 Energy 9.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHTR icon
26
Charter Communications
CHTR
$17.9B
– –
-522,000
Closed -$71.4M
LVS icon
27
Las Vegas Sands
LVS
$30.5B
– –
-1,153,664
Closed -$91M
WYNN icon
28
Wynn Resorts
WYNN
$10.3B
– –
-317,000
Closed -$61.6M
ZNGA
29
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
– –
-6,663,948
Closed -$25.3M
PAY
30
DELISTED
Verifone Systems Inc
PAY
– –
-2,073,238
Closed -$55.6M
MHFI
31
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
– –
-985,872
Closed -$77.1M
TRLA
32
DELISTED
TRULIA INC (DEL)
TRLA
– –
-802,510
Closed -$28.3M
1
2

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Josh Resnick's Q1 2014 Portfolio in Review

As of Q1 2014, Josh Resnick held 32 positions worth $1.42B, up 1.1% from $1.41B the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Josh Resnick's Q1 2014 filing shows 11 new, 7 increased, 4 reduced and 9 closed positions. Its largest new stake was Herc Holdings: 1,124,172 shares worth $89.8M. The largest sale was Las Vegas Sands, an estimated $91M.

By sector, the portfolio is most concentrated in Communication Services at 24% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Technology.

  • Josh Resnick's largest Q1 2014 buy was Herc Holdings: 1,124,172 shares worth $89.8M.
  • Josh Resnick added most to WebMD Health Corp. in Q1 2014, an estimated $71.8M increase.
  • Josh Resnick's biggest Q1 2014 reduction was Meta Platforms (Facebook), cutting an estimated $57.9M.
  • Josh Resnick fully exited Las Vegas Sands in Q1 2014, selling an estimated $91M.
  • Josh Resnick's ten largest holdings make up 69% of its $1.42B portfolio in Q1 2014.
  • Josh Resnick opened 11 new positions and closed 9 in Q1 2014.
  • Josh Resnick's portfolio value rose 1.1% quarter-over-quarter to $1.42B.

Based on Jericho Capital Asset Management's 13F filing for Q1 2014, filed 15 May 2014.