Jericho Capital

Q3 2016 13F · by Josh Resnick, founder

As of: Sep 30, 2016
Filed: Nov 14, 2016
US stock: $2.0B · prev $1.7B
Positions: 33 · prev 22
Options notional: $515M
Documents: 1· no amendments

Picture79.4% US stock

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

US stock listed on a US exchange 79.4%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 20.1%
Calls at notional value 0.5%

Moves47 since the prior filing

+67.8 pp in · −67.8 pp out

New 21 +59.23 pp
Added 3 +8.54 pp
Trimmed 9 −26.61 pp
Exited 10 −41.20 pp

Options: 4 moves on a notional base, in the table below.

The book

Focused · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 259% a year, about 0.4 years per position

Low
Moderate
High

Top 5 positions39% of US stock

Positions33 in this filing · 10 exited


BABAAlibaba Group Holding Limited	10.80%	2,025,436	$214M	added×2.3	+6.74 pp	3 q
EAElectronic Arts Inc	10.65%	2,472,902	$211M	new	+10.65 pp	new
MRVLMarvell Technology, Inc.	6.58%	9,843,439	$131M	new	+6.58 pp	new
GOOGLAlphabet Inc. Class A	5.55%	137,000	$110M	new	+5.55 pp	new
QCOMQualcomm Inc	5.40%	1,565,100	$107M	new	+5.40 pp	new
MELIMercado Libre, Inc	4.28%	459,230	$85M	trimmed−41%	−2.17 pp	3 q
unresolvedArris Intl Inc	4.19%	2,932,596	$83M	added+32%	+1.47 pp	3 q
TMUST-Mobile US, Inc.	3.75%	1,593,047	$74M	trimmed−51%	−4.43 pp	3 q
NXPINXP Semiconductors N.V.	3.56%	692,000	$71M	trimmed−14%	−0.11 pp	3 q
NOWServicenow, Inc.	3.40%	852,424	$67M	new	+3.40 pp	new
unresolvedSprint Corporation	3.40%	10,176,256	$67M	new	+3.40 pp	new
CRMSalesforce, Inc.	3.28%	912,923	$65M	new	+3.28 pp	new
KELKellanova	3.17%	811,448	$63M	trimmed−65%	−7.78 pp	2 q
AAPAdvance Auto Parts Inc	2.98%	396,484	$59M	new	+2.98 pp	new
SPLKSplunk Inc	2.70%	913,894	$54M	added+22%	+0.33 pp	4 q
unresolvedBroadcom Ltd	2.39%	274,897	$47M	trimmed−53%	−2.91 pp	2 q
AMDAdvanced Micro Devices	2.33%	6,688,832	$46M	new	+2.33 pp	new
STMPStamps.com, Inc.	2.20%	462,000	$44M	new	+2.20 pp	new
MMacy's Inc.	1.95%	1,045,218	$39M	new	+1.95 pp	new
MSGSMadison Square Garden Sports Corp.	1.94%	227,241	$38M	trimmed−50%	−2.64 pp	3 q
MUMicron Technology, Inc.	1.68%	1,877,097	$33M	new	+1.68 pp	new
CHTRCharter Comm Inc Del CL A New	1.59%	116,955	$32M	trimmed−41%	−1.07 pp	2 q
ATHMAutohome Inc.	1.57%	1,288,351	$31M	new	+1.57 pp	new
unresolvedPinnacle Foods Inc DEL	1.45%	574,644	$29M	new	+1.45 pp	new
WBWeibo Corporation	1.30%	514,044	$26M	new	+1.30 pp	new
unresolvedComputer Sciences Corp	1.27%	483,802	$25M	new	+1.27 pp	new
VIABViacom Inc. Class B	1.22%	633,505	$24M	trimmed−54%	−2.11 pp	2 q
ZENZendesk Inc	1.16%	748,255	$23M	trimmed−75%	−3.39 pp	9 q
PANWPalo Alto Networks, Inc.	1.12%	139,000	$22M	new	+1.12 pp	new
FEYEFireEye, Inc.	1.10%	1,479,168	$22M	new	+1.10 pp	new
PRKSUnited Parks & Resorts Inc.	1.04%	1,531,635	$21M	new	+1.04 pp	new
unresolvedMonster Worldwide Inc	0.50%	2,722,423	$10M	new	+0.50 pp	new
FOSLFossil Group, Inc.	0.48%	343,288	$10M	new	+0.48 pp	new
AIYActivision Blizzard Inc	—	−5,623,083	—	exited	−13.03 pp	—
AMZNAmazon.Com Inc	—	−155,798	—	exited	−6.52 pp	—
PFPTProofpoint, Inc.	—	−1,473,315	—	exited	−5.43 pp	—
unresolvedCoach Inc	—	−1,648,394	—	exited	−3.93 pp	—
DKSDick's Sporting Goods, Inc.	—	−1,289,000	—	exited	−3.40 pp	—
WUBA58.COM Inc	—	−926,479	—	exited	−2.49 pp	—
DLTRDollar Tree Inc.	—	−348,352	—	exited	−1.92 pp	—
ONON Semiconductor Corp	—	−3,486,000	—	exited	−1.80 pp	—
CTRPTrip.com Group Limited	—	−563,902	—	exited	−1.36 pp	—
DPZDomino's Pizza Inc.	—	−171,952	—	exited	−1.32 pp	—