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Josh Resnick Jericho Capital Asset Management
AUM
$12.1B
Turnover
42.42%
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
+19.91%
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
$2.5B
AUM Growth
+$681M
(+37%)
Cap. Flow
+$70.2M
Cap. Flow % of AUM
Cap. Flow %
2.81%
Top 10 Holdings %
Top 10 Hldgs %
63.37%
Holding
47
New
24
Increased
3
Reduced
9
Closed
11
Avg Time Held
Equity + Options
0.2
years
Top 10 Avg Time Held
Equity + Options
0.1
years
Top 20 Avg Time Held
Equity + Options
0.2
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.1
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Electronic Arts
EA
|
+$198M |
| 2 |
Marvell Technology
MRVL
|
+$116M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$107M |
| 4 |
Alibaba
BABA
|
+$107M |
| 5 |
Qualcomm
QCOM
|
+$95.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$223M |
| 2 |
Kellanova
K
|
+$121M |
| 3 |
Amazon
AMZN
|
+$111M |
| 4 |
PFPT
Proofpoint, Inc.
PFPT
|
+$93M |
| 5 |
T-Mobile US
TMUS
|
+$75.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.64% |
| 2 | Communication Services | 24.59% |
| 3 | Miscellaneous | 20.61% |
| 4 | Consumer Discretionary | 17.1% |
| 5 | Consumer Staples | 3.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$74.9B
| $497M | 19.88% |
+4,000,000
| New | +$486M |
2016 Q3
0 quarters
|
|
|
2
Alibaba
BABA
$244B
| $214M | 8.58% |
2,025,436
+1,152,403
| +132% | +$107M |
2016 Q1
2 quarters
|
|
|
3
DELISTED
Electronic Arts
EA
| $211M | 8.45% |
+2,472,902
| New | +$198M |
2016 Q3
0 quarters
|
|
|
4
Marvell Technology
MRVL
$177B
| $131M | 5.23% |
+9,843,439
| New | +$116M |
2016 Q3
0 quarters
|
|
|
5
Alphabet (Google) Class A
GOOGL
$3.44T
| $110M | 4.41% |
+2,740,000
| New | +$107M |
2016 Q3
0 quarters
|
|
|
6
Qualcomm
QCOM
$176B
| $107M | 4.29% |
+1,565,100
| New | +$95.2M |
2016 Q3
0 quarters
|
|
7
Mercado Libre
MELI
$82.4B
| $84.9M | 3.4% |
459,230
-325,067
| -41% | -$53.9M |
2016 Q1
2 quarters
|
|
|
ARRS
8
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $83.1M | 3.33% |
2,932,596
+714,316
| +32% | +$19.1M |
2015 Q2
5 quarters
|
|
|
9
T-Mobile US
TMUS
$166B
| $74.4M | 2.98% |
1,593,047
-1,640,575
| -51% | -$75.3M |
2016 Q1
2 quarters
|
|
10
NXP Semiconductors
NXPI
$65.4B
| $70.6M | 2.83% |
692,000
-109,369
| -14% | -$9.27M |
2016 Q1
2 quarters
|
|
11
ServiceNow
NOW
$109B
| $67.5M | 2.7% |
+4,262,120
| New | +$62.8M |
2016 Q3
0 quarters
|
|
12
DELISTED
Sprint Corporation
S
| $67.5M | 2.7% |
+10,176,256
| New | +$60.3M |
2016 Q3
0 quarters
|
|
13
Salesforce
CRM
$189B
| $65.1M | 2.61% |
+912,923
| New | +$71.2M |
2016 Q3
0 quarters
|
|
|
14
DELISTED
Kellanova
K
| $62.9M | 2.52% |
864,192
-1,579,362
| -65% | -$121M |
2016 Q2
1 quarter
|
|
15
Advance Auto Parts
AAP
$2.72B
| $59.1M | 2.37% |
+396,484
| New | +$63.4M |
2016 Q3
0 quarters
|
|
16
DELISTED
Splunk Inc
SPLK
| $53.6M | 2.15% |
913,894
+165,894
| +22% | +$9.9M |
2015 Q4
3 quarters
|
|
17
Broadcom
AVGO
$1.56T
| $47.4M | 1.9% |
2,748,970
-3,081,000
| -53% | -$51.5M |
2016 Q2
1 quarter
|
|
18
Advanced Micro Devices
AMD
$824B
| $46.2M | 1.85% |
+6,688,832
| New | +$42.7M |
2016 Q3
0 quarters
|
|
|
STMP
19
DELISTED
Stamps.com, Inc.
STMP
| $43.7M | 1.75% |
+462,000
| New | +$40M |
2016 Q3
0 quarters
|
|
20
Macy's
M
$6.3B
| $38.7M | 1.55% |
+1,045,218
| New | +$37.9M |
2016 Q3
0 quarters
|
|
|
MSGK
21
MSG Knickerbockers Corp.
MSGK
$7.53B
| $38.5M | 1.54% |
318,592
-318,830
| -50% | -$40.5M |
2016 Q1
2 quarters
|
|
22
Micron Technology
MU
$1T
| $33.4M | 1.34% |
+1,877,097
| New | +$28.6M |
2016 Q3
0 quarters
|
|
23
Charter Communications
CHTR
$12.8B
| $31.6M | 1.26% |
116,955
-82,451
| -41% | -$20.8M |
2016 Q1
2 quarters
|
|
24
Autohome
ATHM
$2.29B
| $31.2M | 1.25% |
+1,288,351
| New | +$30M |
2016 Q3
0 quarters
|
|
|
PF
25
DELISTED
Pinnacle Foods, Inc.
PF
| $28.8M | 1.15% |
+574,644
| New | +$28.5M |
2016 Q3
0 quarters
|
|
Similar funds
Josh Resnick's Q3 2016 Portfolio in Review
As of Q3 2016, Josh Resnick held 47 positions worth $2.5B, up 37% from $1.82B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Josh Resnick's Q3 2016 filing shows 24 new, 3 increased, 9 reduced and 11 closed positions. Its largest new stake was Electronic Arts: 2,472,902 shares worth $211M. The largest sale was Activision Blizzard, an estimated $223M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 37% a quarter earlier, followed by Communication Services and Miscellaneous.
- Josh Resnick's largest Q3 2016 buy was Electronic Arts: 2,472,902 shares worth $211M.
- Josh Resnick added most to Alibaba in Q3 2016, an estimated $107M increase.
- Josh Resnick's biggest Q3 2016 reduction was Kellanova, cutting an estimated $121M.
- Josh Resnick fully exited Activision Blizzard in Q3 2016, selling an estimated $223M.
- Josh Resnick's ten largest holdings make up 63% of its $2.5B portfolio in Q3 2016.
- Josh Resnick opened 24 new positions and closed 11 in Q3 2016.
- Josh Resnick's portfolio value rose 37% quarter-over-quarter to $2.5B.
Based on Jericho Capital Asset Management's 13F filing for Q3 2016, filed 14 Nov 2016.