Jericho Capital

Q1 2019 13F · by Josh Resnick, founder

As of: Mar 31, 2019
Filed: May 15, 2019
US stock: $2.2B · prev $983M
Positions: 27 · prev 16
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%

Moves33 since the prior filing

+66.0 pp in · −66.0 pp out

New 17 +57.78 pp
Added 4 +8.21 pp
Trimmed 6 −40.24 pp
Exited 6 −25.73 pp

The book

Focused · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 105% a year, about 1.0 years per position

Low
Moderate
High

Top 5 positions37% of US stock

ADI Analog Devices, Inc. new+8.69 pp new+8.698.7%
SE Sea Limited added+6.30 pp added+6.308.3%
VMW VMware, Inc trimmed−12.95 pp trimmed−12.958.0%
NOW Servicenow, Inc. trimmed−5.03 pp trimmed−5.036.1%
FSCT ForeScout Technologies, Inc. added+3.50 pp added+3.505.8%

Positions27 in this filing · 6 exited


ADIAnalog Devices, Inc.	8.69%	1,825,000	$192M	new	+8.69 pp	new
SESea Limited	8.28%	7,790,600	$183M	added×4.5	+6.30 pp	2 q
VMWVMware, Inc	8.04%	984,658	$178M	trimmed−35%	−12.95 pp	6 q
NOWServicenow, Inc.	6.08%	545,642	$134M	trimmed−11%	−5.03 pp	2 q
FSCTForeScout Technologies, Inc.	5.85%	3,087,794	$129M	added×3.5	+3.50 pp	4 q
XYZBlock, Inc.	5.55%	1,639,631	$123M	new	+5.55 pp	new
MELIMercado Libre, Inc	4.94%	215,000	$109M	new	+4.94 pp	new
JDJD.com, Inc.	4.55%	3,334,779	$101M	new	+4.55 pp	new
ZENZendesk Inc	4.36%	1,133,296	$96M	added+15%	−1.49 pp	5 q
MUMicron Technology, Inc.	4.29%	2,297,000	$95M	new	+4.29 pp	new
INXNInterxion Holding NV	3.68%	1,220,000	$81M	new	+3.68 pp	new
FOXAFox Corporation Class A	3.56%	2,146,000	$79M	new	+3.56 pp	new
KEYSKeysight Technologies, Inc.	3.19%	807,900	$70M	new	+3.19 pp	new
SAILSailPoint, Inc.	3.18%	2,449,748	$70M	new	+3.18 pp	new
SIRISirius XM Holdings, Inc	2.94%	11,460,000	$65M	new	+2.94 pp	new
ANETArista Networks	2.72%	191,000	$60M	new	+2.72 pp	new
AMDAdvanced Micro Devices	2.68%	2,323,000	$59M	new	+2.68 pp	new
DATATableau Software, Inc.	2.35%	408,477	$52M	trimmed−29%	−4.63 pp	8 q
TWLOTwilio Inc.	2.16%	369,500	$48M	trimmed−9%	−1.54 pp	2 q
BILIBilibili Inc.	2.13%	2,491,517	$47M	trimmed−64%	−8.10 pp	5 q
NEWRNew Relic, Inc.	2.10%	469,968	$46M	new	+2.10 pp	new
NBISNebius Group N.V. Class A	2.00%	1,287,000	$44M	new	+2.00 pp	new
LNWOLight & Wonder Inc	1.91%	2,068,923	$42M	new	+1.91 pp	new
XLNXXilinx Inc	1.60%	279,635	$35M	trimmed−75%	−7.99 pp	3 q
TTDThe Trade Desk, Inc.	1.59%	178,000	$35M	new	+1.59 pp	new
HUYAHUYA Inc.	1.37%	1,080,646	$30M	added+16%	−0.10 pp	2 q
LYFTLyft, Inc. Class A	0.21%	60,000	$5M	new	+0.21 pp	new
PANWPalo Alto Networks, Inc.	—	−319,000	—	exited	−6.11 pp	—
NTESNetEase, inc.	—	−203,000	—	exited	−4.86 pp	—
NVDANvidia Corp	—	−354,000	—	exited	−4.81 pp	—
MLNXMellanox Technologies Ltd	—	−411,142	—	exited	−3.86 pp	—
ZZillow Group, Inc. Class C	—	−1,043,653	—	exited	−3.35 pp	—
OPTUOptimum Communications, Inc.	—	−1,631,384	—	exited	−2.74 pp	—