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 |
Marvell Technology
MRVL
|
+$230M |
| 2 |
DoorDash
DASH
|
+$230M |
| 3 |
Uber
UBER
|
+$224M |
| 4 |
Zoom
ZM
|
+$174M |
| 5 |
Advanced Micro Devices
AMD
|
+$169M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Expedia Group
EXPE
|
+$163M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$159M |
| 3 |
Carnival Corporation Ltd
CCL
|
+$117M |
| 4 |
PayPal
PYPL
|
+$116M |
| 5 |
ServiceNow
NOW
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 42.15% |
| 2 | Communication Services | 28.76% |
| 3 | Consumer Discretionary | 22.93% |
| 4 | Real Estate | 3.51% |
| 5 | Healthcare | 1.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Pinduoduo
PDD
$126B
| $73.5M | 1.74% |
578,953
-140,000
| -19% | -$18.2M |
|
27
NetEase
NTES
$82.1B
| $52.2M | 1.24% |
+453,000
| New | +$49.9M |
|
|
IS
28
DELISTED
ironSource Ltd.
IS
| $51.7M | 1.22% |
+4,922,338
| New | +$52.9M |
|
29
KE Holdings
BEKE
$19.6B
| $46.6M | 1.1% |
+977,000
| New | +$49.9M |
|
30
MINISO
MNSO
$3.29B
| $46.5M | 1.1% |
2,235,000
+1,470,000
| +192% | +$35.2M |
|
|
CONX
31
DELISTED
CONX Corp. Class A Common Stock
CONX
| $39.4M | 0.93% |
4,000,000
| – | – |
|
32
Coupang
CPNG
$29.6B
| $29.3M | 0.69% |
+700,000
| New | +$28.7M |
|
33
Zai Lab
ZLAB
$2.92B
| $19.3M | 0.46% |
109,000
| – | – |
|
34
UiPath
PATH
$8.49B
| $17M | 0.4% |
+250,000
| New | +$18.3M |
|
35
Biogen
BIIB
$32B
| $17M | 0.4% |
+49,000
| New | +$14.8M |
|
36
Compass
COMP
$9.02B
| $16.4M | 0.39% |
+1,250,000
| New | +$19.5M |
|
|
LEGAU
37
DELISTED
Lead Edge Growth Opportunities, Ltd Units
LEGAU
| $15M | 0.36% |
1,500,000
| – | – |
|
|
CFLT
38
DELISTED
Confluent
CFLT
| $14.3M | 0.34% |
+300,000
| New | +$14.5M |
|
39
SentinelOne
S
$7.26B
| $12.8M | 0.3% |
+300,000
| New | +$12.8M |
|
|
API
40
Agora
API
$369M
| $12.4M | 0.29% |
296,000
| – | – |
|
41
RLX Technology
RLX
$2.21B
| $12.4M | 0.29% |
1,415,000
+762,000
| +117% | +$7.79M |
|
|
ATVI
42
DELISTED
Activision Blizzard
ATVI
| $11.4M | 0.27% |
+119,150
| New | +$11.3M |
|
|
ZH
43
Zhihu
ZH
$275M
| $10.5M | 0.25% |
129,167
-129,166
| -50% | -$7.39M |
|
44
Yelp
YELP
$1.27B
| $8.87M | 0.21% |
+222,000
| New | +$8.81M |
|
45
Procore
PCOR
$9.65B
| $6.79M | 0.16% |
+71,511
| New | +$6.27M |
|
46
BioNTech
BNTX
$29.3B
| $6.27M | 0.15% |
+28,000
| New | +$5.28M |
|
|
CONXW
47
DELISTED
CONX Corp. Warrant
CONXW
| $1.35M | 0.03% |
1,000,000
| – | – |
|
|
DIDI
48
DELISTED
DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share
DIDI
| $1.06M | 0.03% |
+75,000
| New | +$1.06M |
|
49
American Airlines Group
AAL
$9.15B
| – | – |
-2,133,418
| Closed | -$51M |
|
50
Bread Financial
BFH
$4.07B
| – | – |
-1,034,839
| Closed | -$92.6M |
|
Similar funds
Josh Resnick's Q2 2021 Portfolio in Review
As of Q2 2021, Josh Resnick held 76 positions worth $4.22B, up 12% from $3.78B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Josh Resnick's Q2 2021 filing shows 23 new, 10 increased, 4 reduced and 28 closed positions. Its largest new stake was Marvell Technology: 4,708,000 shares worth $275M. The largest sale was Expedia Group, an estimated $163M.
By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 32% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Josh Resnick's largest Q2 2021 buy was Marvell Technology: 4,708,000 shares worth $275M.
- Josh Resnick added most to Uber in Q2 2021, an estimated $224M increase.
- Josh Resnick's biggest Q2 2021 reduction was Pinduoduo, cutting an estimated $18.2M.
- Josh Resnick fully exited Expedia Group in Q2 2021, selling an estimated $163M.
- Josh Resnick's ten largest holdings make up 51% of its $4.22B portfolio in Q2 2021.
- Josh Resnick opened 23 new positions and closed 28 in Q2 2021.
- Josh Resnick's portfolio value rose 12% quarter-over-quarter to $4.22B.
Based on Jericho Capital Asset Management's 13F filing for Q2 2021, filed 16 Aug 2021.