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 |
Amazon
AMZN
|
+$124M |
| 2 |
CTXS
Citrix Systems Inc
CTXS
|
+$117M |
| 3 |
T-Mobile US
TMUS
|
+$112M |
| 4 |
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
|
+$59.7M |
| 5 |
Intel
INTC
|
+$54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$132M |
| 2 |
NXP Semiconductors
NXPI
|
+$127M |
| 3 |
Live Nation Entertainment
LYV
|
+$120M |
| 4 |
FSCT
ForeScout Technologies, Inc. Common Stock
FSCT
|
+$110M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 62.66% |
| 2 | Consumer Discretionary | 16.26% |
| 3 | Communication Services | 15.11% |
| 4 | Real Estate | 4.03% |
| 5 | Industrials | 1.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATVI
1
DELISTED
Activision Blizzard
ATVI
| $172M | 13.82% |
2,889,371
-1,848,417
| -39% | -$110M |
|
|
CTXS
2
DELISTED
Citrix Systems Inc
CTXS
| $139M | 11.16% |
+980,850
| New | +$117M |
|
|
3
Amazon
AMZN
$2.79T
| $125M | 10.08% |
+1,286,160
| New | +$124M |
|
|
4
T-Mobile US
TMUS
$196B
| $111M | 8.91% |
+1,321,126
| New | +$112M |
|
5
Cloudflare
NET
$104B
| $71.8M | 5.77% |
3,058,272
+2,117,754
| +225% | +$41.2M |
|
|
MLNX
6
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $53.9M | 4.33% |
+444,000
| New | +$52.2M |
|
|
DOCU
7
DocuSign
DOCU
$11.8B
| $51.5M | 4.14% |
557,861
-1,067,000
| -66% | -$85.8M |
|
8
Equinix
EQIX
$105B
| $50.2M | 4.03% |
+80,348
| New | +$48.1M |
|
|
GLIBA
9
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $50.1M | 4.03% |
+880,120
| New | +$59.7M |
|
|
10
Intel
INTC
$476B
| $49.4M | 3.97% |
+912,425
| New | +$54M |
|
11
NVIDIA
NVDA
$5.2T
| $48.8M | 3.92% |
+7,401,720
| New | +$46.7M |
|
12
CrowdStrike
CRWD
$195B
| $38.6M | 3.1% |
+2,773,764
| New | +$39.2M |
|
13
GoDaddy
GDDY
$12.3B
| $35.8M | 2.88% |
+627,000
| New | +$41.5M |
|
|
14
Uber
UBER
$161B
| $32.3M | 2.6% |
1,157,685
-4,005,551
| -78% | -$132M |
|
|
VNET
15
VNET Group
VNET
$1.91B
| $27.1M | 2.18% |
+1,951,962
| New | +$24M |
|
16
Bilibili
BILI
$7.14B
| $26.9M | 2.16% |
+1,148,539
| New | +$27.7M |
|
17
eBay
EBAY
$46.3B
| $24M | 1.93% |
+800,000
| New | +$27.9M |
|
18
Atlassian
TEAM
$43.5B
| $23.7M | 1.91% |
+172,942
| New | +$24.2M |
|
19
Sea Limited
SE
$72B
| $21.1M | 1.69% |
475,754
-1,454,000
| -75% | -$65.2M |
|
20
RingCentral
RNG
$5.6B
| $19.5M | 1.57% |
+91,910
| New | +$18.9M |
|
21
JD.com
JD
$39.7B
| $19M | 1.52% |
+468,309
| New | +$18.7M |
|
22
GDS Holdings
GDS
$6.58B
| $16.2M | 1.31% |
+280,191
| New | +$15.6M |
|
|
GRUB
23
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $15.2M | 1.22% |
+186,689
| New | +$18.4M |
|
24
Pinduoduo
PDD
$126B
| $12.8M | 1.03% |
+354,275
| New | +$12.9M |
|
25
STAAR Surgical
STAA
$1.16B
| $6.77M | 0.54% |
209,982
| – | – |
|
Similar funds
Josh Resnick's Q1 2020 Portfolio in Review
As of Q1 2020, Josh Resnick held 45 positions worth $1.24B, down 33% from $1.85B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Josh Resnick withdrew a net $656M in Q1 2020, closing 19 positions and reducing 4 holdings. Its most notable exit was NXP Semiconductors, an estimated $127M position sold in full.
By sector, the portfolio is most concentrated in Technology at 63% of assets, down from 67% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Josh Resnick opened a new position in Amazon worth $125M.
- Josh Resnick's largest Q1 2020 buy was Amazon: 1,286,160 shares worth $125M.
- Josh Resnick added most to Cloudflare in Q1 2020, an estimated $41.2M increase.
- Josh Resnick's biggest Q1 2020 reduction was Uber, cutting an estimated $132M.
- Josh Resnick fully exited NXP Semiconductors in Q1 2020, selling an estimated $127M.
- Josh Resnick's ten largest holdings make up 70% of its $1.24B portfolio in Q1 2020.
- Josh Resnick opened 20 new positions and closed 19 in Q1 2020.
- Josh Resnick's portfolio value fell 33% quarter-over-quarter to $1.24B.
Based on Jericho Capital Asset Management's 13F filing for Q1 2020, filed 15 May 2020.