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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
+8.03%
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
$1.63B
AUM Growth
-$865M
Cap. Flow
-$929M
Cap. Flow %
-56.86%
Top 10 Hldgs %
55.87%
Holding
51
New
15
Increased
6
Reduced
8
Closed
21

Top Buys

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$112M
2
DISH
DISH Network Corp.
DISH
+$94.8M
3
DIS icon
Walt Disney
DIS
+$83.8M
4
SABR icon
Sabre
SABR
+$76M
5
P
Pandora Media Inc
P
+$75M

Top Sells

Rank Stock Value
1
EA
Electronic Arts
EA
+$211M
2
BABA icon
Alibaba
BABA
+$113M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$110M
4
QCOM icon
Qualcomm
QCOM
+$107M
5
NXPI icon
NXP Semiconductors
NXPI
+$70.6M

Sector Composition

Rank Sector Weight
1 Technology 47.24%
2 Communication Services 40.28%
3 Consumer Discretionary 11.63%
4 Consumer Staples 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MWW
51
DELISTED
Monster Worldwide Inc
MWW
– –
-2,722,423
Closed -$9.83M
1 2
3

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Josh Resnick's Q4 2016 Portfolio in Review

As of Q4 2016, Josh Resnick held 51 positions worth $1.63B, down 35% from $2.5B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Josh Resnick withdrew a net $929M in Q4 2016, closing 21 positions and reducing 8 holdings. Its most notable exit was Electronic Arts, an estimated $211M position sold in full.

By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 34% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Josh Resnick opened a new position in Time Warner Inc worth $121M.

  • Josh Resnick's largest Q4 2016 buy was Time Warner Inc: 1,255,000 shares worth $121M.
  • Josh Resnick added most to T-Mobile US in Q4 2016, an estimated $38.4M increase.
  • Josh Resnick's biggest Q4 2016 reduction was Alibaba, cutting an estimated $113M.
  • Josh Resnick fully exited Electronic Arts in Q4 2016, selling an estimated $211M.
  • Josh Resnick's ten largest holdings make up 56% of its $1.63B portfolio in Q4 2016.
  • Josh Resnick opened 15 new positions and closed 21 in Q4 2016.
  • Josh Resnick's portfolio value fell 35% quarter-over-quarter to $1.63B.

Based on Jericho Capital Asset Management's 13F filing for Q4 2016, filed 14 Feb 2017.