Josh Resnick Jericho Capital Asset Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VMW
VMware, Inc
VMW
|
+$137M |
| 2 |
PayPal
PYPL
|
+$90.8M |
| 3 |
New Oriental
EDU
|
+$73.5M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$72.6M |
| 5 |
Alibaba
BABA
|
+$65M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
P
Pandora Media Inc
P
|
+$110M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$106M |
| 3 |
Liberty Media Series C
FWONK
|
+$92.4M |
| 4 |
GoDaddy
GDDY
|
+$90.9M |
| 5 |
LOGM
LogMein, Inc.
LOGM
|
+$58.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.18% |
| 2 | Communication Services | 30.41% |
| 3 | Consumer Discretionary | 10.19% |
| 4 | Real Estate | 7.68% |
| 5 | Consumer Staples | 5.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
ASML
ASML
$677B
| $27.5M | 1.43% |
158,000
-18,000
| -10% | -$3.18M |
|
27
Ambarella
AMBA
$3.23B
| $27.1M | 1.41% |
+461,154
| New | +$25.6M |
|
|
TYPE
28
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $19.2M | 1% |
+798,440
| New | +$18.7M |
|
29
ON Semiconductor
ON
$28.9B
| $18.6M | 0.97% |
+886,000
| New | +$18.1M |
|
30
Sinclair Inc
SBGI
$1.04B
| $18.5M | 0.96% |
+488,000
| New | +$16.2M |
|
31
Conduent
CNDT
$250M
| – | – |
-2,145,078
| Closed | -$33.6M |
|
|
32
Liberty Media Series C
FWONK
$26.3B
| – | – |
-2,509,857
| Closed | -$92.4M |
|
|
33
GoDaddy
GDDY
$12.3B
| – | – |
-2,089,000
| Closed | -$90.9M |
|
|
HAPN
34
Happen Inc
HAPN
$2.13B
| – | – |
-1,682,839
| Closed | -$51.2M |
|
35
Netflix
NFLX
$331B
| – | – |
-3,110,000
| Closed | -$56.4M |
|
36
NVIDIA
NVDA
$5.2T
| – | – |
-8,880,000
| Closed | -$39.7M |
|
|
TRUE
37
DELISTED
TrueCar
TRUE
| – | – |
-2,505,407
| Closed | -$39.6M |
|
38
Yelp
YELP
$1.27B
| – | – |
-1,333,725
| Closed | -$57.8M |
|
|
JOYY
39
JOYY Inc
JOYY
$3.71B
| – | – |
-182,433
| Closed | -$15.8M |
|
|
MNDT
40
DELISTED
Mandiant, Inc. Common Stock
MNDT
| – | – |
-3,415,694
| Closed | -$57.3M |
|
|
XLNX
41
DELISTED
Xilinx Inc
XLNX
| – | – |
-403,000
| Closed | -$28.5M |
|
|
LOGM
42
DELISTED
LogMein, Inc.
LOGM
| – | – |
-528,133
| Closed | -$58.1M |
|
|
P
43
DELISTED
Pandora Media Inc
P
| – | – |
-14,289,481
| Closed | -$110M |
|
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Josh Resnick's Q4 2017 Portfolio in Review
As of Q4 2017, Josh Resnick held 43 positions worth $1.92B, up 8.8% from $1.76B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Josh Resnick's Q4 2017 filing shows 16 new, 8 increased, 6 reduced and 13 closed positions. Its largest new stake was VMware, Inc: 1,142,280 shares worth $143M. The largest sale was Pandora Media Inc, an estimated $110M.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Josh Resnick's largest Q4 2017 buy was VMware, Inc: 1,142,280 shares worth $143M.
- Josh Resnick added most to New Oriental in Q4 2017, an estimated $73.5M increase.
- Josh Resnick's biggest Q4 2017 reduction was Red Hat Inc, cutting an estimated $106M.
- Josh Resnick fully exited Pandora Media Inc in Q4 2017, selling an estimated $110M.
- Josh Resnick's ten largest holdings make up 58% of its $1.92B portfolio in Q4 2017.
- Josh Resnick opened 16 new positions and closed 13 in Q4 2017.
- Josh Resnick's portfolio value rose 8.8% quarter-over-quarter to $1.92B.
Based on Jericho Capital Asset Management's 13F filing for Q4 2017, filed 14 Feb 2018.