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 |
Akamai
AKAM
|
+$204M |
| 2 |
Uber
UBER
|
+$186M |
| 3 |
Meta Platforms (Facebook)
META
|
+$153M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$147M |
| 5 |
Adobe
ADBE
|
+$91.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$379M |
| 2 |
Netflix
NFLX
|
+$181M |
| 3 |
Advanced Micro Devices
AMD
|
+$143M |
| 4 |
Cadence Design Systems
CDNS
|
+$95M |
| 5 |
Microsoft
MSFT
|
+$80.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.12% |
| 2 | Communication Services | 41.07% |
| 3 | Consumer Discretionary | 11.81% |
| 4 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
T-Mobile US
TMUS
$196B
| $355M | 12.09% |
2,536,135
+134,000
| +6% | +$18.6M |
|
|
2
Meta Platforms (Facebook)
META
$1.4T
| $326M | 11.08% |
1,084,963
+509,000
| +88% | +$153M |
|
|
3
Akamai
AKAM
$15.9B
| $218M | 7.43% |
+2,048,062
| New | +$204M |
|
4
DraftKings
DKNG
$13B
| $211M | 7.17% |
7,153,967
+2,022,000
| +39% | +$59.7M |
|
|
SPLK
5
DELISTED
Splunk Inc
SPLK
| $204M | 6.94% |
1,394,000
+643,000
| +86% | +$72.8M |
|
|
6
Uber
UBER
$161B
| $187M | 6.37% |
+4,068,505
| New | +$186M |
|
7
Live Nation Entertainment
LYV
$42.4B
| $174M | 5.93% |
2,100,000
+726,000
| +53% | +$63.3M |
|
8
NVIDIA
NVDA
$5.2T
| $164M | 5.6% |
3,780,790
-137,750
| -4% | -$6.17M |
|
|
9
Cadence Design Systems
CDNS
$87.9B
| $155M | 5.27% |
661,051
-406,000
| -38% | -$95M |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.22T
| $149M | 5.06% |
+1,136,000
| New | +$147M |
|
|
11
Adobe
ADBE
$109B
| $147M | 5% |
288,400
+175,000
| +154% | +$91.8M |
|
12
Nutanix
NTNX
$18.3B
| $82.4M | 2.8% |
+2,363,000
| New | +$74.2M |
|
13
Mattel
MAT
$4.15B
| $76.8M | 2.61% |
+3,487,000
| New | +$74.5M |
|
14
Analog Devices
ADI
$182B
| $69.4M | 2.36% |
+396,116
| New | +$73M |
|
15
Salesforce
CRM
$171B
| $68.7M | 2.34% |
+339,000
| New | +$73.2M |
|
16
Sphere Entertainment
SPHR
$5.69B
| $63.1M | 2.15% |
+1,698,802
| New | +$62.6M |
|
17
Madison Square Garden
MSGE
$3.78B
| $62.7M | 2.13% |
+1,903,724
| New | +$62.9M |
|
18
On Holding
ONON
$10B
| $59.5M | 2.03% |
+2,140,144
| New | +$67.7M |
|
|
AD
19
Array Digital Infrastructure
AD
$3.08B
| $51.8M | 1.76% |
+1,204,392
| New | +$39M |
|
|
AYX
20
DELISTED
Alteryx Inc
AYX
| $50.2M | 1.71% |
+1,331,056
| New | +$47.7M |
|
21
Lyft
LYFT
$6.61B
| $38.4M | 1.31% |
3,643,592
| – | – |
|
|
LGF.A
22
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $25.4M | 0.87% |
3,000,000
-1,048,967
| -26% | -$8.33M |
|
|
CONXW
23
DELISTED
CONX Corp. Warrant
CONXW
| $150K | 0.01% |
1,000,000
| – | – |
|
|
24
Advanced Micro Devices
AMD
$773B
| – | – |
-1,258,716
| Closed | -$143M |
|
25
Digital Realty Trust
DLR
$70.5B
| – | – |
-332,530
| Closed | -$37.9M |
|
Similar funds
Josh Resnick's Q3 2023 Portfolio in Review
As of Q3 2023, Josh Resnick held 34 positions worth $2.94B, up 15% from $2.56B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Josh Resnick deployed $288M of net new capital in Q3 2023, opening 12 new positions and adding to 6 existing holdings. Its largest new stake was Akamai: 2,048,062 shares worth $218M.
By sector, the portfolio is most concentrated in Technology at 47% of assets, down from 54% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Cadence Design Systems, an estimated $95M trimmed.
- Josh Resnick's largest Q3 2023 buy was Akamai: 2,048,062 shares worth $218M.
- Josh Resnick added most to Meta Platforms (Facebook) in Q3 2023, an estimated $153M increase.
- Josh Resnick's biggest Q3 2023 reduction was Cadence Design Systems, cutting an estimated $95M.
- Josh Resnick fully exited Activision Blizzard in Q3 2023, selling an estimated $379M.
- Josh Resnick's ten largest holdings make up 73% of its $2.94B portfolio in Q3 2023.
- Josh Resnick opened 12 new positions and closed 11 in Q3 2023.
- Josh Resnick's portfolio value rose 15% quarter-over-quarter to $2.94B.
Based on Jericho Capital Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.