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 |
Baidu
BIDU
|
+$48.7M |
| 2 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$43.6M |
| 3 |
Las Vegas Sands
LVS
|
+$43.1M |
| 4 |
NBIS
Nebius Group N.V.
NBIS
|
+$40.7M |
| 5 |
SBA Communications
SBAC
|
+$38.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$65.5M |
| 2 |
Crown Castle
CCI
|
+$45.1M |
| 3 |
TripAdvisor
TRIP
|
+$43.7M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$38.9M |
| 5 |
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
|
+$36.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 32.71% |
| 2 | Technology | 26.11% |
| 3 | Consumer Discretionary | 15.89% |
| 4 | Financials | 12.23% |
| 5 | Real Estate | 6.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MHFI
1
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $98.2M | 6.93% |
1,496,800
-66,200
| -4% | -$4.01M |
|
2
Melco Resorts & Entertainment
MLCO
$2.09B
| $94.1M | 6.64% |
2,956,852
| – | – |
|
|
P
3
DELISTED
Pandora Media Inc
P
| $89.1M | 6.29% |
3,547,427
| – | – |
|
|
ALU
4
DELISTED
Alcatel-Lucent
ALU
| $78.5M | 5.54% |
23,127,861
+4,990,250
| +28% | +$12.8M |
|
5
Moody's
MCO
$87.2B
| $75M | 5.3% |
1,066,990
-210,410
| -16% | -$13.8M |
|
6
Trip.com Group
TCOM
$29B
| $73.5M | 5.19% |
2,520,500
+877,800
| +53% | +$18.9M |
|
|
7
Baidu
BIDU
$31.6B
| $58.6M | 4.14% |
+377,600
| New | +$48.7M |
|
8
Cogent Communications
CCOI
$470M
| $53.9M | 3.81% |
1,672,543
+257,335
| +18% | +$7.9M |
|
|
ZNGA
9
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $50.7M | 3.58% |
+13,803,230
| New | +$43.6M |
|
|
10
Las Vegas Sands
LVS
$30.5B
| $49.4M | 3.48% |
+743,000
| New | +$43.1M |
|
|
11
Crown Castle
CCI
$32.1B
| $49M | 3.46% |
670,500
-630,500
| -48% | -$45.1M |
|
|
SINA
12
DELISTED
Sina Corp
SINA
| $46.8M | 3.3% |
576,574
+211,574
| +58% | +$15.5M |
|
|
NBIS
13
Nebius Group N.V.
NBIS
$59.6B
| $45.1M | 3.19% |
+1,239,000
| New | +$40.7M |
|
14
Netflix
NFLX
$331B
| $42.4M | 2.99% |
+9,590,000
| New | +$37M |
|
|
QIHU
15
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $42.1M | 2.97% |
506,007
-523,497
| -51% | -$36.8M |
|
|
16
SBA Communications
SBAC
$19.4B
| $41.1M | 2.9% |
+510,350
| New | +$38.7M |
|
|
INFA
17
DELISTED
INFORMATICA CORP
INFA
| $38.2M | 2.7% |
980,820
-297,180
| -23% | -$11.3M |
|
|
TRLA
18
DELISTED
TRULIA INC (DEL)
TRLA
| $38.2M | 2.69% |
+811,729
| New | +$34M |
|
|
HIMX
19
Himax Technologies
HIMX
$2.41B
| $37.5M | 2.65% |
+3,749,638
| New | +$26.7M |
|
|
ELLI
20
DELISTED
Ellie Mae Inc
ELLI
| $32.2M | 2.27% |
+1,006,334
| New | +$28.1M |
|
21
Charter Communications
CHTR
$17.9B
| $32.2M | 2.27% |
+239,000
| New | +$30.3M |
|
|
INXN
22
DELISTED
Interxion Holding N.V.
INXN
| $31.9M | 2.25% |
1,433,550
| – | – |
|
|
QLIK
23
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $31.4M | 2.22% |
+917,565
| New | +$30.1M |
|
|
CVC
24
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $30.6M | 2.16% |
+1,818,396
| New | +$33.3M |
|
|
INFN
25
DELISTED
Infinera Corporation Common Stock
INFN
| $27.1M | 1.91% |
+2,391,991
| New | +$26.2M |
|
Similar funds
Josh Resnick's Q3 2013 Portfolio in Review
As of Q3 2013, Josh Resnick held 40 positions worth $1.42B, down 0.25% from $1.42B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Josh Resnick withdrew a net $262M in Q3 2013, closing 8 positions and reducing 6 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $65.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 33% of assets, up from 23% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Josh Resnick opened a new position in Baidu worth $58.6M.
- Josh Resnick's largest Q3 2013 buy was Baidu: 377,600 shares worth $58.6M.
- Josh Resnick added most to Trip.com Group in Q3 2013, an estimated $18.9M increase.
- Josh Resnick's biggest Q3 2013 reduction was Crown Castle, cutting an estimated $45.1M.
- Josh Resnick fully exited Alphabet (Google) Class C in Q3 2013, selling an estimated $65.5M.
- Josh Resnick's ten largest holdings make up 51% of its $1.42B portfolio in Q3 2013.
- Josh Resnick opened 17 new positions and closed 8 in Q3 2013.
- Josh Resnick's portfolio value fell 0.25% quarter-over-quarter to $1.42B.
Based on Jericho Capital Asset Management's 13F filing for Q3 2013, filed 14 Nov 2013.