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 |
Analog Devices
ADI
|
+$183M |
| 2 |
XYZ
Block Inc
XYZ
|
+$119M |
| 3 |
Sea Limited
SE
|
+$106M |
| 4 |
Micron Technology
MU
|
+$88.7M |
| 5 |
Mercado Libre
MELI
|
+$85.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XLNX
Xilinx Inc
XLNX
|
+$93M |
| 2 |
VMW
VMware, Inc
VMW
|
+$84.8M |
| 3 |
Bilibili
BILI
|
+$77.1M |
| 4 |
Palo Alto Networks
PANW
|
+$60.1M |
| 5 |
NetEase
NTES
|
+$47.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 63.04% |
| 2 | Consumer Discretionary | 19.68% |
| 3 | Communication Services | 17.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Analog Devices
ADI
$182B
| $192M | 8.69% |
+1,825,000
| New | +$183M |
|
|
2
Sea Limited
SE
$72B
| $183M | 8.28% |
7,790,600
+6,068,707
| +352% | +$106M |
|
|
VMW
3
DELISTED
VMware, Inc
VMW
| $178M | 8.04% |
984,658
-520,464
| -35% | -$84.8M |
|
4
ServiceNow
NOW
$133B
| $134M | 6.08% |
2,728,210
-340,000
| -11% | -$14.9M |
|
|
FSCT
5
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $129M | 5.85% |
3,087,794
+2,197,083
| +247% | +$78.8M |
|
|
XYZ
6
Block Inc
XYZ
$49.4B
| $123M | 5.55% |
+1,639,631
| New | +$119M |
|
|
7
Mercado Libre
MELI
$97.5B
| $109M | 4.94% |
+215,000
| New | +$85.7M |
|
8
JD.com
JD
$39.7B
| $101M | 4.55% |
+3,334,779
| New | +$84.8M |
|
|
ZEN
9
DELISTED
ZENDESK INC
ZEN
| $96.3M | 4.36% |
1,133,296
+148,000
| +15% | +$10.9M |
|
|
10
Micron Technology
MU
$1.09T
| $94.9M | 4.29% |
+2,297,000
| New | +$88.7M |
|
|
INXN
11
DELISTED
Interxion Holding N.V.
INXN
| $81.4M | 3.68% |
+1,220,000
| New | +$75.6M |
|
12
Fox Class A
FOXA
$28.8B
| $78.8M | 3.56% |
+2,146,000
| New | +$83.6M |
|
13
Keysight
KEYS
$53.8B
| $70.4M | 3.19% |
+807,900
| New | +$62.7M |
|
|
SAIL
14
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $70.4M | 3.18% |
+2,449,748
| New | +$69.7M |
|
15
SiriusXM
SIRI
$9.67B
| $65M | 2.94% |
+1,146,000
| New | +$68.3M |
|
16
Arista Networks
ANET
$238B
| $60.1M | 2.72% |
+3,056,000
| New | +$48.5M |
|
17
Advanced Micro Devices
AMD
$773B
| $59.3M | 2.68% |
+2,323,000
| New | +$52.7M |
|
|
DATA
18
DELISTED
Tableau Software, Inc.
DATA
| $52M | 2.35% |
408,477
-163,807
| -29% | -$20.7M |
|
19
Twilio
TWLO
$34.6B
| $47.7M | 2.16% |
369,500
-37,700
| -9% | -$4.25M |
|
|
20
Bilibili
BILI
$7.14B
| $47.2M | 2.13% |
2,491,517
-4,402,347
| -64% | -$77.1M |
|
|
NEWR
21
DELISTED
New Relic, Inc.
NEWR
| $46.4M | 2.1% |
+469,968
| New | +$46.5M |
|
|
NBIS
22
Nebius Group N.V.
NBIS
$59.6B
| $44.2M | 2% |
+1,287,000
| New | +$42.7M |
|
|
LNW
23
DELISTED
Light & Wonder
LNW
| $42.2M | 1.91% |
+2,068,923
| New | +$49.4M |
|
|
XLNX
24
DELISTED
Xilinx Inc
XLNX
| $35.5M | 1.6% |
279,635
-828,030
| -75% | -$93M |
|
25
Trade Desk
TTD
$6.19B
| $35.2M | 1.59% |
+1,780,000
| New | +$29.2M |
|
Similar funds
Josh Resnick's Q1 2019 Portfolio in Review
As of Q1 2019, Josh Resnick held 33 positions worth $2.21B, up 125% from $983M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Josh Resnick deployed $846M of net new capital in Q1 2019, opening 17 new positions and adding to 4 existing holdings. Its largest new stake was Analog Devices: 1,825,000 shares worth $192M.
By sector, the portfolio is most concentrated in Technology at 63% of assets, down from 75% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Xilinx Inc, an estimated $93M trimmed.
- Josh Resnick's largest Q1 2019 buy was Analog Devices: 1,825,000 shares worth $192M.
- Josh Resnick added most to Sea Limited in Q1 2019, an estimated $106M increase.
- Josh Resnick's biggest Q1 2019 reduction was Xilinx Inc, cutting an estimated $93M.
- Josh Resnick fully exited Palo Alto Networks in Q1 2019, selling an estimated $60.1M.
- Josh Resnick's ten largest holdings make up 61% of its $2.21B portfolio in Q1 2019.
- Josh Resnick opened 17 new positions and closed 6 in Q1 2019.
- Josh Resnick's portfolio value rose 125% quarter-over-quarter to $2.21B.
Based on Jericho Capital Asset Management's 13F filing for Q1 2019, filed 15 May 2019.