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 |
MongoDB
MDB
|
+$224M |
| 2 |
JNPR
Juniper Networks
JNPR
|
+$206M |
| 3 |
Qorvo
QRVO
|
+$178M |
| 4 |
Nutanix
NTNX
|
+$90.5M |
| 5 |
Twilio
TWLO
|
+$58.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Bitcoin Trust
IBIT
|
+$378M |
| 2 |
Netflix
NFLX
|
+$228M |
| 3 |
DraftKings
DKNG
|
+$195M |
| 4 |
Broadcom
AVGO
|
+$147M |
| 5 |
Meta Platforms (Facebook)
META
|
+$139M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 51.38% |
| 2 | Technology | 42.76% |
| 3 | Financials | 4.16% |
| 4 | Consumer Discretionary | 1.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Applovin
APP
$102B
| $740M | 13.47% |
2,793,759
| – | – |
|
|
2
Netflix
NFLX
$331B
| $540M | 9.82% |
5,790,000
-2,400,000
| -29% | -$228M |
|
3
Uber
UBER
$161B
| $410M | 7.46% |
5,629,628
+678,628
| +14% | +$48.9M |
|
4
Live Nation Entertainment
LYV
$42.4B
| $410M | 7.46% |
3,141,082
-67,000
| -2% | -$9.15M |
|
|
DOCU
5
DocuSign
DOCU
$11.8B
| $387M | 7.04% |
4,754,753
| – | – |
|
|
6
Twilio
TWLO
$34.6B
| $321M | 5.84% |
3,280,363
+493,000
| +18% | +$58.4M |
|
|
7
Nutanix
NTNX
$18.3B
| $286M | 5.21% |
4,102,993
+1,308,357
| +47% | +$90.5M |
|
8
Liberty Media Series C
FWONK
$26.3B
| $266M | 4.83% |
2,951,776
-686,000
| -19% | -$63.6M |
|
9
Warner Bros
WBD
$71.6B
| $240M | 4.37% |
22,404,700
| – | – |
|
|
10
Meta Platforms (Facebook)
META
$1.4T
| $229M | 4.17% |
397,858
-215,000
| -35% | -$139M |
|
11
Affirm
AFRM
$25.8B
| $229M | 4.16% |
5,057,039
-141,000
| -3% | -$8.35M |
|
|
JNPR
12
DELISTED
Juniper Networks
JNPR
| $204M | 3.71% |
+5,641,514
| New | +$206M |
|
|
13
Qorvo
QRVO
$8.43B
| $169M | 3.07% |
+2,333,650
| New | +$178M |
|
14
NVIDIA
NVDA
$5.2T
| $165M | 3.01% |
1,527,012
-880,000
| -37% | -$112M |
|
|
15
MongoDB
MDB
$34.7B
| $162M | 2.94% |
+921,000
| New | +$224M |
|
|
AD
16
Array Digital Infrastructure
AD
$3.08B
| $126M | 2.28% |
1,815,844
| – | – |
|
17
Dynatrace
DT
$14.2B
| $119M | 2.17% |
2,527,742
-1,359,301
| -35% | -$74.4M |
|
18
Madison Square Garden
MSGE
$3.78B
| $94.5M | 1.72% |
2,885,724
+152,000
| +6% | +$5.3M |
|
19
Cedar Fair
FUN
$1.71B
| $93.3M | 1.7% |
2,616,363
+145,363
| +6% | +$6.18M |
|
20
Sphere Entertainment
SPHR
$5.69B
| $91.8M | 1.67% |
2,805,615
| – | – |
|
21
Trade Desk
TTD
$6.19B
| $86.5M | 1.57% |
1,581,000
+243,000
| +18% | +$22M |
|
|
GTM
22
ZoomInfo Technologies
GTM
$1.16B
| $75.3M | 1.37% |
7,526,518
-3,569,765
| -32% | -$37.4M |
|
|
CFLT
23
DELISTED
Confluent
CFLT
| $51.1M | 0.93% |
2,181,000
-819,000
| -27% | -$23.7M |
|
|
24
Broadcom
AVGO
$1.75T
| – | – |
-635,733
| Closed | -$147M |
|
25
Core Scientific
CORZ
$5.72B
| – | – |
-2,792,870
| Closed | -$39.2M |
|
Similar funds
Josh Resnick's Q1 2025 Portfolio in Review
As of Q1 2025, Josh Resnick held 32 positions worth $5.5B, down 22% from $7B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Josh Resnick withdrew a net $1.02B in Q1 2025, closing 9 positions and reducing 9 holdings. Its most notable exit was iShares Bitcoin Trust, an estimated $378M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 51% of assets, up from 50% a quarter earlier, followed by Technology and Financials.
Against the trend, Josh Resnick opened a new position in MongoDB worth $162M.
- Josh Resnick's largest Q1 2025 buy was MongoDB: 921,000 shares worth $162M.
- Josh Resnick added most to Nutanix in Q1 2025, an estimated $90.5M increase.
- Josh Resnick's biggest Q1 2025 reduction was Netflix, cutting an estimated $228M.
- Josh Resnick fully exited iShares Bitcoin Trust in Q1 2025, selling an estimated $378M.
- Josh Resnick's ten largest holdings make up 70% of its $5.5B portfolio in Q1 2025.
- Josh Resnick opened 3 new positions and closed 9 in Q1 2025.
- Josh Resnick's portfolio value fell 22% quarter-over-quarter to $5.5B.
Based on Jericho Capital Asset Management's 13F filing for Q1 2025, filed 15 May 2025.