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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
+13.33%
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
$1.85B
AUM Growth
+$94.2M
Cap. Flow
-$90.2M
Cap. Flow %
-4.88%
Top 10 Hldgs %
70%
Holding
34
New
16
Increased
3
Reduced
3
Closed
9

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$262M
2
UBER icon
Uber
UBER
+$153M
3
NXPI icon
NXP Semiconductors
NXPI
+$116M
4
LYV icon
Live Nation Entertainment
LYV
+$114M
5
PYPL icon
PayPal
PYPL
+$102M

Top Sells

Rank Stock Value
1
SNAP icon
Snap
SNAP
+$246M
2
MELI icon
Mercado Libre
MELI
+$155M
3
NOW icon
ServiceNow
NOW
+$133M
4
TSM icon
TSMC
TSM
+$125M
5
CRWD icon
CrowdStrike
CRWD
+$120M

Sector Composition

Rank Sector Weight
1 Technology 66.6%
2 Communication Services 19.66%
3 Consumer Discretionary 7.63%
4 Financials 5.71%
5 Healthcare 0.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRWD icon
26
CrowdStrike
CRWD
$195B
– –
-8,200,416
Closed -$120M
ESTC icon
27
Elastic
ESTC
$8.93B
– –
-701,392
Closed -$57.8M
ETSY icon
28
Etsy
ETSY
$7.44B
– –
-1,177,686
Closed -$66.5M
MAT icon
29
Mattel
MAT
$4.15B
– –
-3,817,899
Closed -$43.5M
MELI icon
30
Mercado Libre
MELI
$97.5B
– –
-281,765
Closed -$155M
NOW icon
31
ServiceNow
NOW
$133B
– –
-2,620,000
Closed -$133M
OUT icon
32
Outfront Media
OUT
$5.25B
– –
-3,545,042
Closed -$96.9M
SNAP icon
33
Snap
SNAP
$8.86B
– –
-15,587,145
Closed -$246M
TWLO icon
34
Twilio
TWLO
$34.6B
– –
-724,665
Closed -$79.7M
1
2

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Josh Resnick's Q4 2019 Portfolio in Review

As of Q4 2019, Josh Resnick held 34 positions worth $1.85B, up 5.4% from $1.75B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Josh Resnick withdrew a net $90.2M in Q4 2019, closing 9 positions and reducing 3 holdings. Its most notable exit was Snap, an estimated $246M position sold in full.

By sector, the portfolio is most concentrated in Technology at 67% of assets, up from 53% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Josh Resnick opened a new position in Activision Blizzard worth $282M.

  • Josh Resnick's largest Q4 2019 buy was Activision Blizzard: 4,737,788 shares worth $282M.
  • Josh Resnick added most to DocuSign in Q4 2019, an estimated $26.1M increase.
  • Josh Resnick's biggest Q4 2019 reduction was TSMC, cutting an estimated $125M.
  • Josh Resnick fully exited Snap in Q4 2019, selling an estimated $246M.
  • Josh Resnick's ten largest holdings make up 70% of its $1.85B portfolio in Q4 2019.
  • Josh Resnick opened 16 new positions and closed 9 in Q4 2019.
  • Josh Resnick's portfolio value rose 5.4% quarter-over-quarter to $1.85B.

Based on Jericho Capital Asset Management's 13F filing for Q4 2019, filed 14 Feb 2020.