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 |
Netflix
NFLX
|
+$199M |
| 2 |
TWTR
Twitter, Inc.
TWTR
|
+$165M |
| 3 |
Mercado Libre
MELI
|
+$144M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$109M |
| 5 |
Marvell Technology
MRVL
|
+$89.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Li Auto
LI
|
+$120M |
| 2 |
Las Vegas Sands
LVS
|
+$120M |
| 3 |
Amazon
AMZN
|
+$117M |
| 4 |
NXP Semiconductors
NXPI
|
+$97.1M |
| 5 |
Check Point Software Technologies
CHKP
|
+$91.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.45% |
| 2 | Communication Services | 36.94% |
| 3 | Consumer Discretionary | 17.9% |
| 4 | Financials | 3.48% |
| 5 | Healthcare | 1.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
KE Holdings
BEKE
$19.6B
| – | – |
-2,373,850
| Closed | -$42.6M |
|
27
Kanzhun
BZ
$7.13B
| – | – |
-3,254,882
| Closed | -$85.5M |
|
|
28
Check Point Software Technologies
CHKP
$13.3B
| – | – |
-747,889
| Closed | -$91.1M |
|
29
Caesars Entertainment
CZR
$6.06B
| – | – |
-1,002,000
| Closed | -$38.4M |
|
30
Datadog
DDOG
$84.6B
| – | – |
-628,147
| Closed | -$59.8M |
|
|
EA
31
DELISTED
Electronic Arts
EA
| – | – |
-267,000
| Closed | -$32.5M |
|
32
JD.com
JD
$39.7B
| – | – |
-383,214
| Closed | -$24.6M |
|
|
33
Li Auto
LI
$12.8B
| – | – |
-3,138,407
| Closed | -$120M |
|
|
34
Las Vegas Sands
LVS
$30.5B
| – | – |
-3,577,000
| Closed | -$120M |
|
35
ServiceNow
NOW
$133B
| – | – |
-910,000
| Closed | -$86.5M |
|
|
36
NXP Semiconductors
NXPI
$56.9B
| – | – |
-656,000
| Closed | -$97.1M |
|
37
Sea Limited
SE
$72B
| – | – |
-651,000
| Closed | -$43.5M |
|
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Josh Resnick's Q3 2022 Portfolio in Review
As of Q3 2022, Josh Resnick held 37 positions worth $1.58B, down 1.1% from $1.59B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Josh Resnick deployed $48.8M of net new capital in Q3 2022, opening 11 new positions and adding to 5 existing holdings. Its largest new stake was Netflix: 8,975,060 shares worth $211M.
By sector, the portfolio is most concentrated in Technology at 40% of assets, down from 43% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was monday.com, an estimated $13.6M trimmed.
- Josh Resnick's largest Q3 2022 buy was Netflix: 8,975,060 shares worth $211M.
- Josh Resnick added most to Elastic in Q3 2022, an estimated $22.2M increase.
- Josh Resnick's biggest Q3 2022 reduction was monday.com, cutting an estimated $13.6M.
- Josh Resnick fully exited Li Auto in Q3 2022, selling an estimated $120M.
- Josh Resnick's ten largest holdings make up 74% of its $1.58B portfolio in Q3 2022.
- Josh Resnick opened 11 new positions and closed 13 in Q3 2022.
- Josh Resnick's portfolio value fell 1.1% quarter-over-quarter to $1.58B.
Based on Jericho Capital Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.