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 |
Trade Desk
TTD
|
+$170M |
| 2 |
Kenvue
KVUE
|
+$137M |
| 3 |
Roblox
RBLX
|
+$110M |
| 4 |
Liberty Media Series C
FWONK
|
+$100M |
| 5 |
CFLT
Confluent
CFLT
|
+$81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$187M |
| 2 |
Adobe
ADBE
|
+$147M |
| 3 |
Meta Platforms (Facebook)
META
|
+$109M |
| 4 |
T-Mobile US
TMUS
|
+$102M |
| 5 |
Mattel
MAT
|
+$76.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 46.56% |
| 2 | Technology | 41.92% |
| 3 | Consumer Discretionary | 5.4% |
| 4 | Consumer Staples | 4.5% |
| 5 | Industrials | 1.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
T-Mobile US
TMUS
$196B
| $296M | 9.06% |
1,846,135
-690,000
| -27% | -$102M |
|
2
Akamai
AKAM
$15.9B
| $283M | 8.68% |
2,395,062
+347,000
| +17% | +$38.6M |
|
|
3
Meta Platforms (Facebook)
META
$1.4T
| $265M | 8.12% |
748,858
-336,105
| -31% | -$109M |
|
|
SPLK
4
DELISTED
Splunk Inc
SPLK
| $212M | 6.5% |
1,394,000
| – | – |
|
5
DraftKings
DKNG
$13B
| $176M | 5.4% |
5,000,000
-2,153,967
| -30% | -$72.1M |
|
6
Nutanix
NTNX
$18.3B
| $168M | 5.15% |
3,526,923
+1,163,923
| +49% | +$47.1M |
|
|
7
Trade Desk
TTD
$6.19B
| $167M | 5.11% |
+2,319,355
| New | +$170M |
|
8
NVIDIA
NVDA
$5.2T
| $158M | 4.84% |
3,190,790
-590,000
| -16% | -$27.3M |
|
|
9
Kenvue
KVUE
$36.6B
| $147M | 4.5% |
+6,827,815
| New | +$137M |
|
10
Cadence Design Systems
CDNS
$87.9B
| $145M | 4.45% |
534,052
-126,999
| -19% | -$32.7M |
|
11
Live Nation Entertainment
LYV
$42.4B
| $140M | 4.3% |
1,500,000
-600,000
| -29% | -$51.6M |
|
|
12
Roblox
RBLX
$27.4B
| $136M | 4.18% |
+2,984,075
| New | +$110M |
|
|
AYX
13
DELISTED
Alteryx Inc
AYX
| $123M | 3.78% |
2,615,056
+1,284,000
| +96% | +$49.9M |
|
14
Alphabet (Google) Class A
GOOGL
$4.22T
| $123M | 3.76% |
880,000
-256,000
| -23% | -$34.4M |
|
|
15
Liberty Media Series C
FWONK
$26.3B
| $97M | 2.97% |
+1,536,000
| New | +$100M |
|
16
Sphere Entertainment
SPHR
$5.69B
| $82.7M | 2.53% |
2,436,214
+737,412
| +43% | +$25.7M |
|
|
CFLT
17
DELISTED
Confluent
CFLT
| $78.5M | 2.4% |
+3,353,690
| New | +$81M |
|
18
Madison Square Garden
MSGE
$3.78B
| $73.2M | 2.24% |
2,303,724
+400,000
| +21% | +$12.4M |
|
19
Salesforce
CRM
$171B
| $62.9M | 1.93% |
239,000
-100,000
| -29% | -$22.6M |
|
|
AD
20
Array Digital Infrastructure
AD
$3.08B
| $58.5M | 1.79% |
1,408,792
+204,400
| +17% | +$8.66M |
|
21
Applovin
APP
$102B
| $54.4M | 1.67% |
+1,365,327
| New | +$53.5M |
|
22
Vertiv
VRT
$101B
| $52.5M | 1.61% |
+1,093,261
| New | +$46.6M |
|
|
HCP
23
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $51.5M | 1.58% |
+2,177,351
| New | +$47.2M |
|
|
DOCU
24
DocuSign
DOCU
$11.8B
| $48.8M | 1.49% |
+820,419
| New | +$37.6M |
|
25
nCino
NCNO
$2.26B
| $37M | 1.13% |
+1,099,000
| New | +$32.7M |
|
Similar funds
Josh Resnick's Q4 2023 Portfolio in Review
As of Q4 2023, Josh Resnick held 33 positions worth $3.27B, up 11% from $2.94B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Josh Resnick's Q4 2023 filing shows 10 new, 6 increased, 9 reduced and 6 closed positions. Its largest new stake was Trade Desk: 2,319,355 shares worth $167M. The largest sale was Uber, an estimated $187M.
By sector, the portfolio is most concentrated in Communication Services at 47% of assets, up from 41% a quarter earlier, followed by Technology and Consumer Discretionary.
- Josh Resnick's largest Q4 2023 buy was Trade Desk: 2,319,355 shares worth $167M.
- Josh Resnick added most to Alteryx Inc in Q4 2023, an estimated $49.9M increase.
- Josh Resnick's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $109M.
- Josh Resnick fully exited Uber in Q4 2023, selling an estimated $187M.
- Josh Resnick's ten largest holdings make up 62% of its $3.27B portfolio in Q4 2023.
- Josh Resnick opened 10 new positions and closed 6 in Q4 2023.
- Josh Resnick's portfolio value rose 11% quarter-over-quarter to $3.27B.
Based on Jericho Capital Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.