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 |
Walt Disney
DIS
|
+$277M |
| 2 |
ON Semiconductor
ON
|
+$162M |
| 3 |
StoneCo
STNE
|
+$129M |
| 4 |
PayPal
PYPL
|
+$126M |
| 5 |
Micron Technology
MU
|
+$96.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NIO
NIO
|
+$135M |
| 2 |
SPLK
Splunk Inc
SPLK
|
+$103M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$100M |
| 4 |
Marvell Technology
MRVL
|
+$94.4M |
| 5 |
NBIS
Nebius Group N.V.
NBIS
|
+$91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.79% |
| 2 | Communication Services | 30.38% |
| 3 | Consumer Discretionary | 21.03% |
| 4 | Financials | 3.34% |
| 5 | Industrials | 3.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Walt Disney
DIS
$186B
| $349M | 8.22% |
+1,927,000
| New | +$277M |
|
|
DISH
2
DELISTED
DISH Network Corp.
DISH
| $230M | 5.42% |
7,113,213
+646,000
| +10% | +$19.9M |
|
|
3
ON Semiconductor
ON
$28.9B
| $190M | 4.48% |
+5,808,312
| New | +$162M |
|
4
Zillow
Z
$8.07B
| $189M | 4.44% |
1,453,974
| – | – |
|
5
Expedia Group
EXPE
$38.6B
| $163M | 3.84% |
1,232,698
| – | – |
|
|
6
StoneCo
STNE
$2.16B
| $161M | 3.79% |
+1,919,577
| New | +$129M |
|
7
T-Mobile US
TMUS
$196B
| $142M | 3.34% |
1,053,000
+603,000
| +134% | +$74.5M |
|
|
8
PayPal
PYPL
$52.7B
| $142M | 3.34% |
+606,221
| New | +$126M |
|
9
Uber
UBER
$161B
| $130M | 3.07% |
2,555,155
+1,748,960
| +217% | +$78.4M |
|
|
10
Micron Technology
MU
$1.09T
| $120M | 2.82% |
+1,594,000
| New | +$96.1M |
|
11
Pinduoduo
PDD
$126B
| $118M | 2.77% |
662,953
+50,846
| +8% | +$6.08M |
|
12
Li Auto
LI
$12.8B
| $108M | 2.55% |
3,750,001
+248,471
| +7% | +$6.81M |
|
13
Bilibili
BILI
$7.14B
| $107M | 2.52% |
1,250,000
+538,169
| +76% | +$31.5M |
|
14
Twilio
TWLO
$34.6B
| $103M | 2.43% |
305,000
-19,000
| -6% | -$5.94M |
|
15
Sea Limited
SE
$72B
| $96.3M | 2.27% |
484,000
-161,000
| -25% | -$28.7M |
|
16
Vail Resorts
MTN
$5.45B
| $92.3M | 2.17% |
330,774
+27,000
| +9% | +$6.97M |
|
17
Intuit
INTU
$100B
| $91.9M | 2.17% |
+242,000
| New | +$85M |
|
18
Caesars Entertainment
CZR
$6.06B
| $91.7M | 2.16% |
1,235,000
-144,000
| -10% | -$9.03M |
|
19
Sunrun
RUN
$2.21B
| $84.1M | 1.98% |
+1,211,990
| New | +$75.2M |
|
|
VNET
20
VNET Group
VNET
$1.91B
| $76.2M | 1.79% |
2,196,703
+1,000
| +0% | +$26.3K |
|
21
Advanced Micro Devices
AMD
$773B
| $75.9M | 1.79% |
827,390
-500,610
| -38% | -$43.2M |
|
22
Alphabet (Google) Class A
GOOGL
$4.22T
| $75.2M | 1.77% |
+858,500
| New | +$72.2M |
|
23
Atlassian
TEAM
$43.5B
| $74.6M | 1.76% |
+319,000
| New | +$67.4M |
|
|
24
NIO
NIO
$11.6B
| $73.1M | 1.72% |
1,500,000
-3,500,000
| -70% | -$135M |
|
25
Pinterest
PINS
$13.3B
| $69.4M | 1.63% |
1,052,712
-831,919
| -44% | -$49.9M |
|
Similar funds
Josh Resnick's Q4 2020 Portfolio in Review
As of Q4 2020, Josh Resnick held 68 positions worth $4.25B, up 72% from $2.47B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Josh Resnick deployed $799M of net new capital in Q4 2020, opening 23 new positions and adding to 14 existing holdings. Its largest new stake was Walt Disney: 1,927,000 shares worth $349M.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 31% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was NIO, an estimated $135M trimmed.
- Josh Resnick's largest Q4 2020 buy was Walt Disney: 1,927,000 shares worth $349M.
- Josh Resnick added most to Uber in Q4 2020, an estimated $78.4M increase.
- Josh Resnick's biggest Q4 2020 reduction was NIO, cutting an estimated $135M.
- Josh Resnick fully exited Splunk Inc in Q4 2020, selling an estimated $103M.
- Josh Resnick's ten largest holdings make up 43% of its $4.25B portfolio in Q4 2020.
- Josh Resnick opened 23 new positions and closed 14 in Q4 2020.
- Josh Resnick's portfolio value rose 72% quarter-over-quarter to $4.25B.
Based on Jericho Capital Asset Management's 13F filing for Q4 2020, filed 16 Feb 2021.