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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
+6.14%
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
$3.32B
AUM Growth
-$424M
Cap. Flow
-$534M
Cap. Flow %
-16.06%
Top 10 Hldgs %
72.47%
Holding
32
New
4
Increased
6
Reduced
5
Closed
10

Top Buys

Rank Stock Value
1
TSM icon
TSMC
TSM
+$149M
2
LYV icon
Live Nation Entertainment
LYV
+$108M
3
DT icon
Dynatrace
DT
+$99.6M
4
HOOD icon
Robinhood
HOOD
+$54.7M
5
NU icon
Nu Holdings
NU
+$51.1M

Top Sells

Rank Stock Value
1
EA
Electronic Arts
EA
+$189M
2
CDNS icon
Cadence Design Systems
CDNS
+$134M
3
NFLX icon
Netflix
NFLX
+$133M
4
RBLX icon
Roblox
RBLX
+$120M
5
AVGO icon
Broadcom
AVGO
+$111M

Sector Composition

Rank Sector Weight
1 Communication Services 49.94%
2 Technology 38.62%
3 Consumer Discretionary 7.82%
4 Financials 3.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRM icon
26
Salesforce
CRM
$171B
– –
-352,000
Closed -$106M
EA
27
DELISTED
Electronic Arts
EA
– –
-1,425,000
Closed -$189M
MELI icon
28
Mercado Libre
MELI
$97.5B
– –
-17,384
Closed -$26.3M
RBLX icon
29
Roblox
RBLX
$27.4B
– –
-3,146,686
Closed -$120M
SPT icon
30
Sprout Social
SPT
$607M
– –
-374,000
Closed -$22.3M
HCP
31
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
– –
-3,338,951
Closed -$90M
CONXW
32
DELISTED
CONX Corp. Warrant
CONXW
– –
-1,000,000
Closed -$200K
1
2

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Josh Resnick's Q2 2024 Portfolio in Review

As of Q2 2024, Josh Resnick held 32 positions worth $3.32B, down 11% from $3.75B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Josh Resnick withdrew a net $534M in Q2 2024, closing 10 positions and reducing 5 holdings. Its most notable exit was Electronic Arts, an estimated $189M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 50% of assets, down from 53% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Josh Resnick opened a new position in TSMC worth $170M.

  • Josh Resnick's largest Q2 2024 buy was TSMC: 979,134 shares worth $170M.
  • Josh Resnick added most to Live Nation Entertainment in Q2 2024, an estimated $108M increase.
  • Josh Resnick's biggest Q2 2024 reduction was Netflix, cutting an estimated $133M.
  • Josh Resnick fully exited Electronic Arts in Q2 2024, selling an estimated $189M.
  • Josh Resnick's ten largest holdings make up 72% of its $3.32B portfolio in Q2 2024.
  • Josh Resnick opened 4 new positions and closed 10 in Q2 2024.
  • Josh Resnick's portfolio value fell 11% quarter-over-quarter to $3.32B.

Based on Jericho Capital Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.