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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
+8.63%
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
$1.76B
AUM Growth
+$321M
Cap. Flow
+$246M
Cap. Flow %
13.98%
Top 10 Hldgs %
49.27%
Holding
49
New
21
Increased
6
Reduced
6
Closed
16

Top Buys

Rank Stock Value
1
P
Pandora Media Inc
P
+$120M
2
TWX
Time Warner Inc
TWX
+$92.1M
3
LOGM
LogMein, Inc.
LOGM
+$63.6M
4
GDDY icon
GoDaddy
GDDY
+$62M
5
NTES icon
NetEase
NTES
+$57.9M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$94.6M
2
TMUS icon
T-Mobile US
TMUS
+$69.9M
3
NOW icon
ServiceNow
NOW
+$65.2M
4
MELI icon
Mercado Libre
MELI
+$50.2M
5
EXPE icon
Expedia Group
EXPE
+$49.1M

Sector Composition

Rank Sector Weight
1 Technology 46.12%
2 Communication Services 42.31%
3 Financials 2.07%
4 Consumer Discretionary 2.06%
5 Healthcare 1.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STMP
1
DELISTED
Stamps.com, Inc.
STMP
$114M 6.47%
734,751
+138,448
+23% +$17.4M
P
2
DELISTED
Pandora Media Inc
P
$112M 6.35%
+12,511,481
New +$120M
MRVL icon
3
Marvell Technology
MRVL
$213B
$102M 5.78%
6,153,704
+333,968
+6% +$5.4M
CHTR icon
4
CALL
Charter Communications
CHTR
$17.9B
$101M 5.75%
+300,000
New +$100M
RHT
5
DELISTED
Red Hat Inc
RHT
$95.5M 5.43%
997,017
-76,000
-7% -$6.78M
TWX
6
DELISTED
Time Warner Inc
TWX
$93.4M 5.31%
+930,000
New +$92.1M
GDDY icon
7
GoDaddy
GDDY
$12.3B
$65.7M 3.73%
+1,548,000
New +$62M
FWONK icon
8
Liberty Media Series C
FWONK
$26.3B
$62.3M 3.54%
1,759,998
+885,460
+101% +$29.4M
LOGM
9
DELISTED
LogMein, Inc.
LOGM
$60.8M 3.46%
+581,392
New +$63.6M
NTES icon
10
NetEase
NTES
$82.1B
$60.7M 3.45%
+1,010,000
New +$57.9M
MOMO
11
Hello Group
MOMO
$850M
$53M 3.01%
1,432,710
-777,753
-35% -$29.8M
AVGO icon
12
Broadcom
AVGO
$1.75T
$52M 2.96%
2,230,000
+110,000
+5% +$2.55M
ATVI
13
DELISTED
Activision Blizzard
ATVI
$50.9M 2.9%
885,000
-65,378
-7% -$3.61M
ULTI
14
DELISTED
Ultimate Software Group Inc
ULTI
$50.6M 2.88%
+241,000
New +$50.7M
GEN icon
15
Gen Digital
GEN
$17.3B
$49.9M 2.84%
1,767,618
+507,406
+40% +$15.4M
LRCX icon
16
Lam Research
LRCX
$393B
$49.1M 2.79%
+3,470,000
New +$50.9M
ZEN
17
DELISTED
ZENDESK INC
ZEN
$48.5M 2.76%
1,745,840
-714,000
-29% -$19.6M
WUBA
18
DELISTED
58.com Inc
WUBA
$46.3M 2.63%
+1,050,248
New +$43.3M
TMUS icon
19
T-Mobile US
TMUS
$196B
$45.6M 2.59%
752,471
-1,073,006
-59% -$69.9M
TRUE
20
DELISTED
TrueCar
TRUE
$45.1M 2.57%
+2,265,407
New +$39.1M
HAPN
21
Happen Inc
HAPN
$2.13B
$36.3M 2.07%
1,319,399
+137,600
+12% +$3.91M
BABA icon
22
Alibaba
BABA
$286B
$36.2M 2.06%
+257,000
New +$31.7M
DISH
23
DELISTED
DISH Network Corp.
DISH
$35.6M 2.02%
566,762
-183,000
-24% -$11.5M
NBIS
24
Nebius Group N.V.
NBIS
$59.6B
$35.4M 2.01%
+1,347,983
New +$35.1M
CY
25
DELISTED
Cypress Semiconductor
CY
$34.3M 1.95%
+2,510,819
New +$34.2M
1
2

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Josh Resnick's Q2 2017 Portfolio in Review

As of Q2 2017, Josh Resnick held 49 positions worth $1.76B, up 22% from $1.44B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Josh Resnick deployed $246M of net new capital in Q2 2017, opening 21 new positions and adding to 6 existing holdings. Its largest new stake was Pandora Media Inc: 12,511,481 shares worth $112M.

By sector, the portfolio is most concentrated in Technology at 46% of assets, up from 39% a quarter earlier, followed by Communication Services and Financials.

On the sell side, the largest reduction was T-Mobile US, an estimated $69.9M trimmed.

  • Josh Resnick's largest Q2 2017 buy was Pandora Media Inc: 12,511,481 shares worth $112M.
  • Josh Resnick added most to Liberty Media Series C in Q2 2017, an estimated $29.4M increase.
  • Josh Resnick's biggest Q2 2017 reduction was T-Mobile US, cutting an estimated $69.9M.
  • Josh Resnick fully exited Meta Platforms (Facebook) in Q2 2017, selling an estimated $94.6M.
  • Josh Resnick's ten largest holdings make up 49% of its $1.76B portfolio in Q2 2017.
  • Josh Resnick opened 21 new positions and closed 16 in Q2 2017.
  • Josh Resnick's portfolio value rose 22% quarter-over-quarter to $1.76B.

Based on Jericho Capital Asset Management's 13F filing for Q2 2017, filed 14 Aug 2017.