Jericho Capital

Q4 2014 13F · by Josh Resnick, founder

As of: Dec 31, 2014
Filed: Feb 17, 2015
US stock: $1.5B · prev $1.6B
Positions: 37 · prev 29
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%

Moves45 since the prior filing

+46.7 pp in · −47.1 pp out

New 18 +43.02 pp
Added 4 +3.67 pp
Trimmed 13 −16.28 pp
Exited 10 −30.84 pp

The book

Focused · behaves like 28 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 188% a year, about 0.5 years per position

Low
Moderate
High

Top 5 positions27% of US stock

MELI Mercado Libre, Inc trimmed−0.53 pp trimmed−0.536.7%
META Meta Platforms, Inc. Class A trimmed+0.07 pp trimmed+0.076.6%
MCO Moody's Corporation trimmed−1.89 pp trimmed−1.894.9%
TSU TIM Participacoes S.A. new+4.63 pp new+4.634.6%
unresolved Yahoo Inc added+3.11 pp added+3.114.4%

Positions37 in this filing · 10 exited


MELIMercado Libre, Inc	6.73%	813,284	$104M	trimmed−24%	−0.53 pp	7 q
METAMeta Platforms, Inc. Class A	6.64%	1,314,182	$103M	trimmed−1%	+0.07 pp	5 q
MCOMoody's Corporation	4.91%	791,366	$76M	trimmed−31%	−1.89 pp	7 q
TSUTIM Participacoes S.A.	4.63%	3,215,730	$71M	new	+4.63 pp	new
unresolvedYahoo Inc	4.44%	1,354,982	$68M	added×2.6	+3.11 pp	2 q
DATATableau Software, Inc.	4.24%	772,630	$65M	trimmed−39%	−1.54 pp	4 q
CRTOCriteo S.A.	4.17%	1,591,903	$64M	added+28%	+1.56 pp	2 q
BABAAlibaba Group Holding Limited	4.13%	612,610	$64M	trimmed−32%	−0.90 pp	2 q
unresolvedTime Warner Cable Inc	3.99%	404,552	$62M	new	+3.99 pp	new
AMZNAmazon.Com Inc	3.74%	186,000	$58M	new	+3.74 pp	new
BCBrunswick Corporation	3.42%	1,029,287	$53M	new	+3.42 pp	new
BIDTribeca Strategic Acquisition Corp. Class A	3.34%	1,192,785	$52M	new	+3.34 pp	new
AMATApplied Materials Inc	3.30%	2,041,509	$51M	new	+3.30 pp	new
VIPSVipshop Holdings Limited	3.15%	2,490,686	$49M	trimmed−39%	−1.72 pp	2 q
FLTCorpay, Inc.	3.06%	318,000	$47M	new	+3.06 pp	new
unresolvedBankrate Inc DEL	2.84%	3,519,511	$44M	held	—	4 q
unresolvedApollo Group Inc Class A	2.78%	1,255,983	$43M	new	+2.78 pp	new
unresolvedHertz Global Holdings Inc	2.44%	1,510,611	$38M	new	+2.44 pp	new
MLCOMelco Resorts & Entertainment Limited	2.44%	1,480,979	$38M	trimmed−34%	−1.27 pp	7 q
unresolvedBroadcom Corp	2.24%	796,436	$35M	trimmed−22%	−0.34 pp	2 q
FEYEFireEye, Inc.	2.12%	1,033,654	$33M	new	+2.12 pp	new
unresolvedLinkedin Corp Cl A	2.11%	141,764	$33M	trimmed−63%	−2.88 pp	3 q
GRPNGroupon, Inc.	1.93%	3,603,400	$30M	new	+1.93 pp	new
unresolvedSBA Comms Corp	1.91%	265,506	$29M	trimmed−33%	−0.83 pp	6 q
CCOICogent Communications Holdings, Inc.	1.85%	807,523	$29M	trimmed−47%	−1.37 pp	7 q
unresolvedVimpelcom Ltd-spon ADR	1.82%	6,740,161	$28M	added+13%	−0.87 pp	2 q
unresolvedMadison Square Garden Co	1.80%	369,664	$28M	new	+1.80 pp	new
ONON Semiconductor Corp	1.64%	2,500,267	$25M	new	+1.64 pp	new
unresolvedPandora Media Inc	1.26%	1,087,172	$19M	new	+1.26 pp	new
unresolvedKing Digital Entmt PLC	1.14%	1,145,052	$18M	new	+1.14 pp	new
FTNTFortinet, Inc.	1.13%	570,806	$18M	new	+1.13 pp	new
unresolvedQihoo 360 Technology Co. ADR	1.06%	284,885	$16M	trimmed−71%	−3.15 pp	7 q
EIGIEndurance International Group Holdings, Inc.	0.96%	800,000	$15M	new	+0.96 pp	new
ECOMChanneladvisor Corporation	0.93%	665,304	$14M	trimmed−21%	+0.07 pp	4 q
ZENZendesk Inc	0.75%	471,899	$12M	held	—	2 q
HIMXHimax Technologies, Inc.	0.64%	1,230,970	$10M	added+2%	−0.13 pp	2 q
INFNInfinera Corporation	0.34%	355,658	$5M	new	+0.34 pp	new
NFLXNetFlix Inc	—	−207,000	—	exited	−5.86 pp	—
TWTRTwitter, Inc.	—	−1,648,206	—	exited	−5.33 pp	—
AIYActivision Blizzard Inc	—	−3,547,816	—	exited	−4.63 pp	—
DISHDISH Network Corp.	—	−918,408	—	exited	−3.72 pp	—
unresolvedPetsmart Inc	—	−730,000	—	exited	−3.21 pp	—
ZBRAZebra Technologies Corporation	—	−692,623	—	exited	−3.08 pp	—
JDJD.com, Inc.	—	−1,315,968	—	exited	−2.13 pp	—
unresolvedRackspace Hosting Inc	—	−764,671	—	exited	−1.56 pp	—
TVGrupo Televisa S.A.	—	−334,156	—	exited	−0.71 pp	—
IACIIac / Interactivecorp (De) Com Stk	—	−148,559	—	exited	−0.61 pp	—