Jericho Capital

Q3 2018 13F · by Josh Resnick, founder

As of: Sep 30, 2018
Filed: Nov 14, 2018
US stock: $2.3B · prev $2.3B
Positions: 23 · prev 22
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%

Moves31 since the prior filing

+42.4 pp in · −42.4 pp out

New 9 +33.04 pp
Added 8 +9.38 pp
Trimmed 6 −12.50 pp
Exited 8 −29.90 pp

The book

Concentrated · behaves like 18 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 163% a year, about 0.6 years per position

Low
Moderate
High

Top 5 positions39% of US stock

MOMO Hello Group Inc. trimmed−0.53 pp trimmed−0.539.5%
VMW VMware, Inc trimmed−6.42 pp trimmed−6.429.3%
SPOT Spotify Technology S.A. trimmed−0.41 pp trimmed−0.417.9%
DATA Tableau Software, Inc. trimmed−0.01 pp trimmed−0.016.4%
XLNX Xilinx Inc new+5.97 pp new+5.976.0%

Positions23 in this filing · 8 exited


MOMOHello Group Inc.	9.49%	5,082,497	$223M	trimmed−4%	−0.53 pp	3 q
VMWVMware, Inc	9.28%	1,394,677	$218M	trimmed−43%	−6.42 pp	4 q
SPOTSpotify Technology S.A.	7.91%	1,026,001	$186M	trimmed−10%	−0.41 pp	2 q
DATATableau Software, Inc.	6.40%	1,343,609	$150M	trimmed−11%	−0.01 pp	6 q
XLNXXilinx Inc	5.97%	1,745,876	$140M	new	+5.97 pp	new
NFLXNetFlix Inc	5.94%	372,159	$139M	added+63%	+2.07 pp	3 q
TTWOTake-Two Interactive Software Inc	5.81%	987,000	$136M	new	+5.81 pp	new
ZENZendesk Inc	4.98%	1,644,994	$117M	added+7%	+1.33 pp	3 q
TMUST-Mobile US, Inc.	4.61%	1,539,574	$108M	new	+4.61 pp	new
MTCHMatch Group, Inc	4.54%	1,838,709	$106M	added×2.4	+3.25 pp	5 q
MSGSMadison Square Garden Sports Corp.	4.28%	318,263	$100M	added0%	+0.02 pp	2 q
FTNTFortinet, Inc.	3.98%	1,011,000	$93M	new	+3.98 pp	new
CMCSAComcast Corp	3.60%	2,382,000	$84M	new	+3.60 pp	new
unresolvedEllie Mae	3.05%	755,600	$72M	added+30%	+0.44 pp	4 q
AYXAlteryx, Inc.	3.00%	1,229,034	$70M	new	+3.00 pp	new
MELIMercado Libre, Inc	2.77%	190,710	$65M	new	+2.77 pp	new
SPLKSplunk Inc	2.76%	536,000	$65M	added+32%	+1.01 pp	2 q
TWTRTwitter, Inc.	2.62%	2,159,452	$61M	trimmed−42%	−4.37 pp	4 q
FSCTForeScout Technologies, Inc.	1.98%	1,229,385	$46M	added+6%	+0.25 pp	2 q
unresolvedPivotal Software Inc	1.95%	2,329,905	$46M	new	+1.95 pp	new
BILIBilibili Inc.	1.92%	3,344,772	$45M	added×2.2	+1.01 pp	3 q
MLNXMellanox Technologies Ltd	1.83%	583,006	$43M	trimmed−18%	−0.76 pp	4 q
unresolvedSendgrid Inc	1.35%	860,925	$32M	new	+1.35 pp	new
NXPINXP Semiconductors N.V.	—	−3,760,529	—	exited	−17.82 pp	—
NVDANvidia Corp	—	−334,613	—	exited	−3.44 pp	—
GDDYGoDaddy Inc	—	−737,536	—	exited	−2.26 pp	—
GRPNGroupon, Inc.	—	−10,368,061	—	exited	−1.93 pp	—
MRVLMarvell Technology, Inc.	—	−2,062,483	—	exited	−1.92 pp	—
AMDAdvanced Micro Devices	—	−2,729,273	—	exited	−1.77 pp	—
unresolvedPuxin Ltd	—	−628,384	—	exited	−0.58 pp	—
HUYAHUYA Inc.	—	−125,000	—	exited	−0.18 pp	—