Jericho Capital

Q3 2014 13F · by Josh Resnick, founder

As of: Sep 30, 2014
Filed: Nov 14, 2014
US stock: $1.6B · prev $1.7B
Positions: 29 · prev 25
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves37 since the prior filing

+46.0 pp in · −44.3 pp out

New 14 +32.46 pp
Added 6 +13.51 pp
Trimmed 7 −9.64 pp
Exited 10 −34.64 pp

The book

Focused · behaves like 22 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 168% a year, about 0.6 years per position

Low
Moderate
High

Top 5 positions32% of US stock

MELI Mercado Libre, Inc added+1.33 pp added+1.337.3%
MCO Moody's Corporation trimmed−0.62 pp trimmed−0.626.8%
META Meta Platforms, Inc. Class A added+1.62 pp added+1.626.6%
NFLX NetFlix Inc added+2.20 pp added+2.205.9%
DATA Tableau Software, Inc. trimmed−0.05 pp trimmed−0.055.8%

Positions29 in this filing · 10 exited


MELIMercado Libre, Inc	7.26%	1,065,817	$116M	added+3%	+1.33 pp	6 q
MCOMoody's Corporation	6.80%	1,146,945	$108M	trimmed−18%	−0.62 pp	6 q
METAMeta Platforms, Inc. Class A	6.57%	1,324,940	$105M	added+8%	+1.62 pp	4 q
NFLXNetFlix Inc	5.86%	207,000	$93M	added+50%	+2.20 pp	2 q
DATATableau Software, Inc.	5.78%	1,268,078	$92M	trimmed−7%	−0.05 pp	3 q
TWTRTwitter, Inc.	5.33%	1,648,206	$85M	added+11%	+1.67 pp	2 q
BABAAlibaba Group Holding Limited	5.03%	902,000	$80M	new	+5.03 pp	new
unresolvedLinkedin Corp Cl A	4.99%	383,050	$80M	added×3.1	+3.72 pp	2 q
VIPSVipshop Holdings Limited	4.87%	410,667	$78M	new	+4.87 pp	new
AIYActivision Blizzard Inc	4.63%	3,547,816	$74M	trimmed−31%	−2.29 pp	2 q
unresolvedQihoo 360 Technology Co. ADR	4.21%	996,041	$67M	trimmed−20%	−2.67 pp	6 q
DISHDISH Network Corp.	3.72%	918,408	$59M	new	+3.72 pp	new
MLCOMelco Resorts & Entertainment Limited	3.71%	2,250,979	$59M	trimmed−22%	−2.52 pp	6 q
CCOICogent Communications Holdings, Inc.	3.22%	1,529,722	$51M	trimmed−28%	−1.18 pp	6 q
unresolvedPetsmart Inc	3.21%	730,000	$51M	new	+3.21 pp	new
ZBRAZebra Technologies Corporation	3.08%	692,623	$49M	added×31.7	+2.97 pp	2 q
unresolvedSBA Comms Corp	2.74%	393,506	$44M	trimmed−21%	−0.31 pp	5 q
unresolvedVimpelcom Ltd-spon ADR	2.69%	5,944,161	$43M	new	+2.69 pp	new
CRTOCriteo S.A.	2.61%	1,239,056	$42M	new	+2.61 pp	new
unresolvedBroadcom Corp	2.58%	1,016,000	$41M	new	+2.58 pp	new
unresolvedBankrate Inc DEL	2.51%	3,519,511	$40M	held	—	3 q
JDJD.com, Inc.	2.13%	1,315,968	$34M	new	+2.13 pp	new
unresolvedRackspace Hosting Inc	1.56%	764,671	$25M	new	+1.56 pp	new
unresolvedYahoo Inc	1.33%	519,089	$21M	new	+1.33 pp	new
ECOMChanneladvisor Corporation	0.86%	837,036	$14M	held	—	3 q
HIMXHimax Technologies, Inc.	0.77%	1,205,000	$12M	new	+0.77 pp	new
TVGrupo Televisa S.A.	0.71%	334,156	$11M	new	+0.71 pp	new
ZENZendesk Inc	0.64%	471,899	$10M	new	+0.64 pp	new
IACIIac / Interactivecorp (De) Com Stk	0.61%	148,559	$10M	new	+0.61 pp	new
unresolvedWebmd Health Corp	—	−2,485,597	—	exited	−7.23 pp	—
unresolvedTime Warner Cable Inc	—	−700,000	—	exited	−6.21 pp	—
TRIPTripAdvisor, Inc.	—	−794,858	—	exited	−5.20 pp	—
SIRISirius XM Holdings, Inc	—	−18,300,438	—	exited	−3.81 pp	—
WUBA58.COM Inc	—	−955,611	—	exited	−3.11 pp	—
BIDUBaidu, Inc.	—	−192,743	—	exited	−2.17 pp	—
TIMETime Inc	—	−1,469,243	—	exited	−2.14 pp	—
VODVodafone Group PLC	—	−911,819	—	exited	−1.83 pp	—
BBBlackBerry Limited	—	−2,807,341	—	exited	−1.73 pp	—
unresolvedInternational Game Technology	—	−1,266,397	—	exited	−1.21 pp	—