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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
+12.38%
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
$2.35B
AUM Growth
+$40M
Cap. Flow
-$73.5M
Cap. Flow %
-3.13%
Top 10 Hldgs %
64.92%
Holding
31
New
9
Increased
8
Reduced
6
Closed
8

Top Buys

Rank Stock Value
1
XLNX
Xilinx Inc
XLNX
+$128M
2
TTWO icon
Take-Two Interactive
TTWO
+$126M
3
TMUS icon
T-Mobile US
TMUS
+$98.9M
4
CMCSA icon
Comcast
CMCSA
+$84.3M
5
FTNT icon
Fortinet
FTNT
+$77.3M

Top Sells

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$411M
2
VMW
VMware, Inc
VMW
+$163M
3
NVDA icon
NVIDIA
NVDA
+$79.3M
4
TWTR
Twitter, Inc.
TWTR
+$54.3M
5
GDDY icon
GoDaddy
GDDY
+$52.1M

Sector Composition

Rank Sector Weight
1 Communication Services 50.71%
2 Technology 46.52%
3 Consumer Discretionary 2.77%
4 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GRPN icon
26
Groupon
GRPN
$797M
– –
-518,403
Closed -$44.6M
HUYA
27
Huya Inc
HUYA
$498M
– –
-125,000
Closed -$4.11M
MRVL icon
28
Marvell Technology
MRVL
$213B
– –
-2,062,483
Closed -$44.2M
NVDA icon
29
NVIDIA
NVDA
$5.2T
– –
-13,384,520
Closed -$79.3M
NXPI icon
30
NXP Semiconductors
NXPI
$56.9B
– –
-3,760,529
Closed -$411M
NEW
31
DELISTED
Puxin Limited American Depositary Shares, each representing twenty Ordinary Shares
NEW
– –
-62,838
Closed -$13.4M
1
2

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Josh Resnick's Q3 2018 Portfolio in Review

As of Q3 2018, Josh Resnick held 31 positions worth $2.35B, up 1.7% from $2.31B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Josh Resnick withdrew a net $73.5M in Q3 2018, closing 8 positions and reducing 6 holdings. Its most notable exit was NXP Semiconductors, an estimated $411M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 51% of assets, up from 38% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Josh Resnick opened a new position in Xilinx Inc worth $140M.

  • Josh Resnick's largest Q3 2018 buy was Xilinx Inc: 1,745,876 shares worth $140M.
  • Josh Resnick added most to Netflix in Q3 2018, an estimated $52.3M increase.
  • Josh Resnick's biggest Q3 2018 reduction was VMware, Inc, cutting an estimated $163M.
  • Josh Resnick fully exited NXP Semiconductors in Q3 2018, selling an estimated $411M.
  • Josh Resnick's ten largest holdings make up 65% of its $2.35B portfolio in Q3 2018.
  • Josh Resnick opened 9 new positions and closed 8 in Q3 2018.
  • Josh Resnick's portfolio value rose 1.7% quarter-over-quarter to $2.35B.

Based on Jericho Capital Asset Management's 13F filing for Q3 2018, filed 14 Nov 2018.