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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
+41.07%
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
$2.21B
AUM Growth
+$1.23B
Cap. Flow
+$846M
Cap. Flow %
38.27%
Top 10 Hldgs %
60.62%
Holding
33
New
17
Increased
4
Reduced
6
Closed
6

Top Buys

Rank Stock Value
1
ADI icon
Analog Devices
ADI
+$183M
2
XYZ
Block Inc
XYZ
+$119M
3
SE icon
Sea Limited
SE
+$106M
4
MU icon
Micron Technology
MU
+$88.7M
5
MELI icon
Mercado Libre
MELI
+$85.7M

Top Sells

Rank Stock Value
1
XLNX
Xilinx Inc
XLNX
+$93M
2
VMW
VMware, Inc
VMW
+$84.8M
3
BILI icon
Bilibili
BILI
+$77.1M
4
PANW icon
Palo Alto Networks
PANW
+$60.1M
5
NTES icon
NetEase
NTES
+$47.8M

Sector Composition

Rank Sector Weight
1 Technology 63.04%
2 Consumer Discretionary 19.68%
3 Communication Services 17.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HUYA
26
Huya Inc
HUYA
$498M
$30.4M 1.37%
1,080,646
+147,291
+16% +$3.29M
LYFT icon
27
Lyft
LYFT
$6.61B
$4.7M 0.21%
+60,000
New +$4.7M
OPTU
28
Optimum Communications Inc
OPTU
$323M
– –
-1,631,384
Closed -$26.9M
NTES icon
29
NetEase
NTES
$82.1B
– –
-1,015,000
Closed -$47.8M
NVDA icon
30
NVIDIA
NVDA
$5.2T
– –
-14,160,000
Closed -$47.3M
PANW icon
31
Palo Alto Networks
PANW
$292B
– –
-1,914,000
Closed -$60.1M
Z icon
32
Zillow
Z
$8.07B
– –
-1,043,653
Closed -$33M
MLNX
33
DELISTED
Mellanox Technologies, Ltd.
MLNX
– –
-411,142
Closed -$38M
1
2

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Josh Resnick's Q1 2019 Portfolio in Review

As of Q1 2019, Josh Resnick held 33 positions worth $2.21B, up 125% from $983M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Josh Resnick deployed $846M of net new capital in Q1 2019, opening 17 new positions and adding to 4 existing holdings. Its largest new stake was Analog Devices: 1,825,000 shares worth $192M.

By sector, the portfolio is most concentrated in Technology at 63% of assets, down from 75% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Xilinx Inc, an estimated $93M trimmed.

  • Josh Resnick's largest Q1 2019 buy was Analog Devices: 1,825,000 shares worth $192M.
  • Josh Resnick added most to Sea Limited in Q1 2019, an estimated $106M increase.
  • Josh Resnick's biggest Q1 2019 reduction was Xilinx Inc, cutting an estimated $93M.
  • Josh Resnick fully exited Palo Alto Networks in Q1 2019, selling an estimated $60.1M.
  • Josh Resnick's ten largest holdings make up 61% of its $2.21B portfolio in Q1 2019.
  • Josh Resnick opened 17 new positions and closed 6 in Q1 2019.
  • Josh Resnick's portfolio value rose 125% quarter-over-quarter to $2.21B.

Based on Jericho Capital Asset Management's 13F filing for Q1 2019, filed 15 May 2019.