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 |
Elastic
ESTC
|
+$145M |
| 2 |
Tesla
TSLA
|
+$136M |
| 3 |
Teradyne
TER
|
+$118M |
| 4 |
Check Point Software Technologies
CHKP
|
+$116M |
| 5 |
Kanzhun
BZ
|
+$89.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$215M |
| 2 |
Advanced Micro Devices
AMD
|
+$198M |
| 3 |
Uber
UBER
|
+$194M |
| 4 |
Comcast
CMCSA
|
+$178M |
| 5 |
Caesars Entertainment
CZR
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 44.32% |
| 2 | Communication Services | 28.94% |
| 3 | Consumer Discretionary | 19.48% |
| 4 | Financials | 6.25% |
| 5 | Industrials | 0.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Comcast
CMCSA
$95.3B
| – | – |
-3,533,530
| Closed | -$178M |
|
|
27
Caesars Entertainment
CZR
$6.06B
| – | – |
-1,360,866
| Closed | -$127M |
|
28
FerroAtlántica
GSM
$762M
| – | – |
-694,000
| Closed | -$4.31M |
|
29
Intuit
INTU
$100B
| – | – |
-155,481
| Closed | -$100M |
|
|
30
Micron Technology
MU
$1.09T
| – | – |
-2,310,250
| Closed | -$215M |
|
31
NetEase
NTES
$82.1B
| – | – |
-58,744
| Closed | -$5.98M |
|
32
NVIDIA
NVDA
$5.2T
| – | – |
-2,912,610
| Closed | -$85.7M |
|
33
Sea Limited
SE
$72B
| – | – |
-274,600
| Closed | -$61.4M |
|
|
34
Uber
UBER
$161B
| – | – |
-4,635,037
| Closed | -$194M |
|
35
Wolfspeed
WOLF
$1.34B
| – | – |
-81,975
| Closed | -$9.16M |
|
36
XPeng
XPEV
$11.7B
| – | – |
-2,394,886
| Closed | -$121M |
|
37
Zai Lab
ZLAB
$2.92B
| – | – |
-85,000
| Closed | -$5.34M |
|
|
IS
38
DELISTED
ironSource Ltd.
IS
| – | – |
-650,000
| Closed | -$5.03M |
|
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Josh Resnick's Q1 2022 Portfolio in Review
As of Q1 2022, Josh Resnick held 38 positions worth $1.86B, down 32% from $2.73B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Josh Resnick withdrew a net $742M in Q1 2022, closing 17 positions and reducing 3 holdings. Its most notable exit was Micron Technology, an estimated $215M position sold in full.
By sector, the portfolio is most concentrated in Technology at 44% of assets, down from 48% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Josh Resnick opened a new position in Elastic worth $144M.
- Josh Resnick's largest Q1 2022 buy was Elastic: 1,617,037 shares worth $144M.
- Josh Resnick added most to Kanzhun in Q1 2022, an estimated $89.4M increase.
- Josh Resnick's biggest Q1 2022 reduction was Palo Alto Networks, cutting an estimated $105M.
- Josh Resnick fully exited Micron Technology in Q1 2022, selling an estimated $215M.
- Josh Resnick's ten largest holdings make up 74% of its $1.86B portfolio in Q1 2022.
- Josh Resnick opened 9 new positions and closed 17 in Q1 2022.
- Josh Resnick's portfolio value fell 32% quarter-over-quarter to $1.86B.
Based on Jericho Capital Asset Management's 13F filing for Q1 2022, filed 16 May 2022.