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 |
Applied Materials
AMAT
|
+$304M |
| 2 |
Kratos Defense & Security Solutions
KTOS
|
+$254M |
| 3 |
Fox Class A
FOXA
|
+$237M |
| 4 |
Workiva
WK
|
+$172M |
| 5 |
Western Digital
WDC
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$627M |
| 2 |
Netflix
NFLX
|
+$406M |
| 3 |
CFLT
Confluent
CFLT
|
+$335M |
| 4 |
Affirm
AFRM
|
+$268M |
| 5 |
Meta Platforms (Facebook)
META
|
+$263M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 49.78% |
| 2 | Communication Services | 47.46% |
| 3 | Industrials | 2.76% |
| 4 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
F5
FFIV
$21.8B
| $765M | 11.3% |
2,643,013
+372,000
| +16% | +$103M |
|
2
Applovin
APP
$102B
| $668M | 9.87% |
1,677,224
-418,095
| -20% | -$202M |
|
3
Ciena
CIEN
$56B
| $643M | 9.5% |
1,656,172
| – | – |
|
4
Live Nation Entertainment
LYV
$42.4B
| $599M | 8.85% |
3,927,383
-69,129
| -2% | -$10.5M |
|
5
Liberty Media Series C
FWONK
$26.3B
| $446M | 6.6% |
5,248,396
+706,000
| +16% | +$61.7M |
|
|
6
Fox Class A
FOXA
$28.8B
| $390M | 5.77% |
6,684,878
+3,711,878
| +125% | +$237M |
|
7
Alphabet (Google) Class A
GOOGL
$4.22T
| $321M | 4.75% |
1,118,000
-218,000
| -16% | -$68.5M |
|
|
8
Applied Materials
AMAT
$391B
| $309M | 4.57% |
+904,355
| New | +$304M |
|
9
Sphere Entertainment
SPHR
$5.69B
| $306M | 4.52% |
2,605,615
| – | – |
|
|
10
NVIDIA
NVDA
$5.2T
| $287M | 4.25% |
1,647,012
-3,416,000
| -67% | -$627M |
|
11
MongoDB
MDB
$34.7B
| $244M | 3.61% |
996,540
| – | – |
|
12
Snowflake
SNOW
$115B
| $240M | 3.55% |
1,591,778
+16,198
| +1% | +$3M |
|
13
Madison Square Garden
MSGE
$3.78B
| $216M | 3.19% |
3,662,724
| – | – |
|
|
14
Kratos Defense & Security Solutions
KTOS
$10.7B
| $187M | 2.76% |
+2,649,578
| New | +$254M |
|
15
Lionsgate Studios
LION
$3.42B
| $180M | 2.67% |
18,815,105
+13,216,105
| +236% | +$122M |
|
16
Core Scientific
CORZ
$5.72B
| $175M | 2.59% |
11,723,450
-1,315,169
| -10% | -$22.4M |
|
|
17
Western Digital
WDC
$166B
| $157M | 2.33% |
+581,562
| New | +$152M |
|
18
Nutanix
NTNX
$18.3B
| $149M | 2.2% |
3,920,496
+813,015
| +26% | +$34.3M |
|
|
19
Workiva
WK
$4.07B
| $147M | 2.17% |
+2,465,745
| New | +$172M |
|
|
DOCU
20
DocuSign
DOCU
$11.8B
| $142M | 2.1% |
3,000,000
-1,754,753
| -37% | -$89.8M |
|
21
Twilio
TWLO
$34.6B
| $87.8M | 1.3% |
+697,511
| New | +$85.8M |
|
|
AD
22
Array Digital Infrastructure
AD
$3.08B
| $83.8M | 1.24% |
1,815,844
| – | – |
|
23
Lattice Semiconductor
LSCC
$16.7B
| $20.6M | 0.3% |
+222,215
| New | +$19.9M |
|
|
24
Affirm
AFRM
$25.8B
| – | – |
-3,601,248
| Closed | -$268M |
|
25
Ambarella
AMBA
$3.23B
| – | – |
-1,587,081
| Closed | -$112M |
|
Similar funds
Josh Resnick's Q1 2026 Portfolio in Review
As of Q1 2026, Josh Resnick held 31 positions worth $6.76B, down 23% from $8.78B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Josh Resnick withdrew a net $1.24B in Q1 2026, closing 8 positions and reducing 6 holdings. Its most notable exit was Netflix, an estimated $406M position sold in full.
By sector, the portfolio is most concentrated in Technology at 50% of assets, up from 45% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Josh Resnick opened a new position in Applied Materials worth $309M.
- Josh Resnick's largest Q1 2026 buy was Applied Materials: 904,355 shares worth $309M.
- Josh Resnick added most to Fox Class A in Q1 2026, an estimated $237M increase.
- Josh Resnick's biggest Q1 2026 reduction was NVIDIA, cutting an estimated $627M.
- Josh Resnick fully exited Netflix in Q1 2026, selling an estimated $406M.
- Josh Resnick's ten largest holdings make up 70% of its $6.76B portfolio in Q1 2026.
- Josh Resnick opened 6 new positions and closed 8 in Q1 2026.
- Josh Resnick's portfolio value fell 23% quarter-over-quarter to $6.76B.
Based on Jericho Capital Asset Management's 13F filing for Q1 2026, filed 15 May 2026.