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 |
Alibaba
BABA
|
+$95.1M |
| 2 |
Las Vegas Sands
LVS
|
+$71M |
| 3 |
AYX
Alteryx Inc
AYX
|
+$52.2M |
| 4 |
Marvell Technology
MRVL
|
+$34.8M |
| 5 |
Rapid7
RPD
|
+$30.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$178M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$103M |
| 3 |
Mercado Libre
MELI
|
+$87.2M |
| 4 |
Trade Desk
TTD
|
+$70.1M |
| 5 |
Palo Alto Networks
PANW
|
+$61.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.27% |
| 2 | Consumer Discretionary | 30.26% |
| 3 | Communication Services | 23% |
| 4 | Financials | 4.07% |
| 5 | Consumer Staples | 3.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$286B
| $247M | 18.31% |
2,806,969
+1,206,759
| +75% | +$95.1M |
|
2
Netflix
NFLX
$331B
| $206M | 15.26% |
6,985,600
-1,989,460
| -22% | -$55.8M |
|
3
Elastic
ESTC
$8.93B
| $116M | 8.57% |
2,248,125
+351,837
| +19% | +$21.1M |
|
|
4
Marvell Technology
MRVL
$213B
| $98.5M | 7.29% |
2,658,000
+852,473
| +47% | +$34.8M |
|
|
5
Las Vegas Sands
LVS
$30.5B
| $80.4M | 5.95% |
+1,672,000
| New | +$71M |
|
|
SIX
6
DELISTED
Six Flags Entertainment Corp.
SIX
| $80.4M | 5.95% |
3,455,948
-234,372
| -6% | -$5.04M |
|
7
Flex
FLEX
$40.8B
| $75.4M | 5.58% |
4,661,450
-42,198
| -0.9% | -$633K |
|
8
monday.com
MNDY
$3.84B
| $61.4M | 4.55% |
503,138
+41,000
| +9% | +$4.26M |
|
|
9
Mercado Libre
MELI
$97.5B
| $58.7M | 4.34% |
69,329
-97,938
| -59% | -$87.2M |
|
|
AYX
10
DELISTED
Alteryx Inc
AYX
| $55.4M | 4.1% |
+1,093,149
| New | +$52.2M |
|
|
CONX
11
DELISTED
CONX Corp. Class A Common Stock
CONX
| $39.8M | 2.95% |
4,000,000
| – | – |
|
12
FIVE9
FIVN
$2.45B
| $32.8M | 2.43% |
+483,000
| New | +$30.3M |
|
|
13
Rapid7
RPD
$799M
| $29.1M | 2.16% |
+857,000
| New | +$30.6M |
|
14
JFrog
FROG
$11.4B
| $26.2M | 1.94% |
1,229,484
| – | – |
|
|
EDR
15
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $24.2M | 1.8% |
1,075,819
-1,792,000
| -62% | -$38.2M |
|
16
Mobileye
MBLY
$7.68B
| $22.3M | 1.65% |
+637,000
| New | +$19.3M |
|
17
Ambarella
AMBA
$3.23B
| $22.3M | 1.65% |
+271,000
| New | +$18M |
|
18
New Oriental
EDU
$8.88B
| $21.2M | 1.57% |
+608,000
| New | +$17.2M |
|
19
TAL Education Group
TAL
$6.28B
| $20.7M | 1.54% |
+2,942,000
| New | +$16.3M |
|
|
RVNC
20
DELISTED
Revance Therapeutics, Inc.
RVNC
| $17.3M | 1.28% |
935,669
+221,669
| +31% | +$5.07M |
|
|
LEGA
21
DELISTED
Lead Edge Growth Opportunities, Ltd Class A Ordinary Shares
LEGA
| $15.1M | 1.12% |
1,500,000
| – | – |
|
|
CONXW
22
DELISTED
CONX Corp. Warrant
CONXW
| $150K | 0.01% |
1,000,000
| – | – |
|
|
LEGAW
23
DELISTED
Lead Edge Growth Opportunities, Ltd Warrant
LEGAW
| $18.8K | ﹤0.01% |
375,000
| – | – |
|
24
Advanced Micro Devices
AMD
$773B
| – | – |
-887,321
| Closed | -$56.2M |
|
25
Braze
BRZE
$3.5B
| – | – |
-826,382
| Closed | -$28.8M |
|
Similar funds
Josh Resnick's Q4 2022 Portfolio in Review
As of Q4 2022, Josh Resnick held 32 positions worth $1.35B, down 14% from $1.58B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Josh Resnick withdrew a net $321M in Q4 2022, closing 9 positions and reducing 5 holdings. Its most notable exit was Twitter, Inc., an estimated $178M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 40% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Josh Resnick opened a new position in Las Vegas Sands worth $80.4M.
- Josh Resnick's largest Q4 2022 buy was Las Vegas Sands: 1,672,000 shares worth $80.4M.
- Josh Resnick added most to Alibaba in Q4 2022, an estimated $95.1M increase.
- Josh Resnick's biggest Q4 2022 reduction was Mercado Libre, cutting an estimated $87.2M.
- Josh Resnick fully exited Twitter, Inc. in Q4 2022, selling an estimated $178M.
- Josh Resnick's ten largest holdings make up 80% of its $1.35B portfolio in Q4 2022.
- Josh Resnick opened 8 new positions and closed 9 in Q4 2022.
- Josh Resnick's portfolio value fell 14% quarter-over-quarter to $1.35B.
Based on Jericho Capital Asset Management's 13F filing for Q4 2022, filed 14 Feb 2023.