Jericho Capital

Q4 2020 13F · by Josh Resnick, founder

As of: Dec 31, 2020
Filed: Feb 16, 2021
US stock: $4.2B · prev $2.5B
Positions: 54 · prev 45
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%

Moves59 since the prior filing

+46.6 pp in · −42.7 pp out

New 23 +43.65 pp
Added 14 +2.91 pp
Trimmed 8 −14.12 pp
Exited 14 −28.58 pp

The book

Focused · behaves like 33 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 104% a year, about 1.0 years per position

Low
Moderate
High

Top 5 positions26% of US stock

DIS The Walt Disney Company new+8.22 pp new+8.228.2%
DISH DISH Network Corp. added−2.19 pp added−2.195.4%
ON ON Semiconductor Corp new+4.48 pp new+4.484.5%
Z Zillow Group, Inc. Class C held held4.4%
EXPE Expedia Group, Inc. held held3.8%

Positions54 in this filing · 14 exited


DISThe Walt Disney Company	8.22%	1,927,000	$349M	new	+8.22 pp	new
DISHDISH Network Corp.	5.42%	7,113,213	$230M	added+10%	−2.19 pp	3 q
ONON Semiconductor Corp	4.48%	5,808,312	$190M	new	+4.48 pp	new
ZZillow Group, Inc. Class C	4.44%	1,453,974	$189M	held	—	3 q
EXPEExpedia Group, Inc.	3.84%	1,232,698	$163M	held	—	2 q
STNEStoneCo Ltd. Class A	3.79%	1,919,577	$161M	new	+3.79 pp	new
PYPLPayPal Holdings, Inc.	3.34%	606,221	$142M	new	+3.34 pp	new
TMUST-Mobile US, Inc.	3.34%	1,053,000	$142M	added×2.3	+1.26 pp	4 q
UBERUber Technologies, Inc.	3.07%	2,555,155	$130M	added×3.2	+1.88 pp	5 q
MUMicron Technology, Inc.	2.82%	1,594,000	$120M	new	+2.82 pp	new
PDDPDD Holdings Inc.	2.77%	662,953	$118M	added+8%	+0.93 pp	4 q
LILi Auto Inc.	2.55%	3,750,001	$108M	added+7%	+0.08 pp	2 q
BILIBilibili Inc.	2.52%	1,250,000	$107M	added+76%	+1.32 pp	4 q
TWLOTwilio Inc.	2.43%	305,000	$103M	trimmed−6%	−0.81 pp	2 q
SESea Limited	2.27%	484,000	$96M	trimmed−25%	−1.75 pp	9 q
MTNVail Resorts, Inc.	2.17%	330,774	$92M	added+9%	−0.46 pp	3 q
CZRCaesars Entertainment, Inc.	2.16%	1,235,000	$92M	trimmed−10%	−0.97 pp	2 q
INTUIntuit Inc	2.16%	242,000	$92M	new	+2.16 pp	new
RUNSunrun Inc	1.98%	1,211,990	$84M	new	+1.98 pp	new
AMDAdvanced Micro Devices	1.79%	827,390	$76M	trimmed−38%	−2.62 pp	2 q
VNETVNET Group, Inc.	1.79%	2,196,703	$76M	added0%	−0.27 pp	4 q
GOOGLAlphabet Inc. Class A	1.77%	42,925	$75M	new	+1.77 pp	new
unresolvedAtlassian Corp Plc	1.76%	319,000	$75M	new	+1.76 pp	new
NIONIO Inc.	1.72%	1,500,000	$73M	trimmed−70%	−2.58 pp	3 q
PINSPinterest, Inc. Class A	1.63%	1,052,712	$69M	trimmed−44%	−1.54 pp	3 q
PLANAnaplan, Inc.	1.60%	943,437	$68M	new	+1.60 pp	new
ASMLASML Holding NV	1.60%	139,000	$68M	held	—	2 q
JDJD.com, Inc.	1.55%	747,393	$66M	trimmed−33%	−1.97 pp	4 q
SIX1Six Flags Entertainment Corp.	1.54%	1,912,578	$65M	held	—	3 q
MTCHMatch Group, Inc	1.48%	416,492	$63M	trimmed−44%	−1.88 pp	2 q
NOWServicenow, Inc.	1.44%	111,000	$61M	new	+1.44 pp	new
unresolvedOutfront Media Inc	1.39%	3,023,849	$59M	held	—	3 q
LPSNLivePerson Inc	1.20%	816,000	$51M	added+29%	−0.13 pp	3 q
DALDelta Air Lines, Inc.	1.16%	1,230,000	$49M	new	+1.16 pp	new
UALUnited Airlines Holdings, Inc.	1.14%	1,119,000	$48M	new	+1.14 pp	new
FLEXFlex Ltd.	1.10%	2,609,167	$47M	new	+1.10 pp	new
MNSOMINISO Group Holding Limited	1.05%	1,692,000	$45M	new	+1.05 pp	new
unresolvedConx Corp	0.98%	4,000,000	$42M	new	+0.98 pp	new
AVLRAvalara, Inc.	0.90%	233,000	$38M	added+50%	+0.10 pp	2 q
FEYEFireEye, Inc.	0.84%	1,538,776	$35M	new	+0.84 pp	new
unresolvedAzul Sa-adr	0.82%	1,524,000	$35M	new	+0.82 pp	new
SNOWSnowflake Inc.	0.82%	123,700	$35M	held	—	2 q
FOURShift4 Payments, Inc.	0.74%	419,019	$32M	new	+0.74 pp	new
TENBTenable Holdings, Inc.	0.73%	593,000	$31M	new	+0.73 pp	new
ADSKAutodesk Inc	0.72%	99,984	$31M	new	+0.72 pp	new
MCFEMcafee Corp - Class A	0.55%	1,400,000	$23M	new	+0.55 pp	new
TSLATesla, Inc.	0.48%	28,807	$20M	added+89%	+0.21 pp	3 q
ABNBAirbnb, Inc. Class A	0.46%	133,000	$20M	new	+0.46 pp	new
ZLABZai Lab Limited	0.44%	138,000	$19M	added+10%	+0.02 pp	3 q
AIYActivision Blizzard Inc	0.28%	128,662	$12M	added+87%	+0.05 pp	5 q
TALTAL Education Group	0.28%	167,000	$12M	added×3.1	+0.11 pp	3 q
GDSGDS Holdings Limited	0.19%	87,063	$8M	held	—	4 q
LEGNLegend Biotech Corporation	0.13%	203,000	$6M	held	—	3 q
BEKEKE Holdings Inc.	0.11%	73,049	$4M	held	—	2 q
SPLKSplunk Inc	—	−546,779	—	exited	−4.17 pp	—
TWTRTwitter, Inc.	—	−2,257,000	—	exited	−4.07 pp	—
MRVLMarvell Technology, Inc.	—	−2,377,150	—	exited	−3.82 pp	—
NBISNebius Group N.V. Class A	—	−1,395,000	—	exited	−3.69 pp	—
DTDynatrace, Inc.	—	−1,357,360	—	exited	−2.26 pp	—
PENNPENN Entertainment, Inc.	—	−563,685	—	exited	−1.66 pp	—
LYVLive Nation Entertainment Inc.	—	−706,062	—	exited	−1.54 pp	—
LYFTLyft, Inc. Class A	—	−1,354,000	—	exited	−1.51 pp	—
ZENZendesk Inc	—	−310,000	—	exited	−1.29 pp	—
CRWDCrowdStrike Holdings, Inc. Class A	—	−217,201	—	exited	−1.21 pp	—
LAMRLamar Advertising Co	—	−425,775	—	exited	−1.14 pp	—
XPEVXPeng Inc.	—	−1,346,000	—	exited	−1.09 pp	—
ANGIAngi Inc. Class A	—	−1,742,390	—	exited	−0.78 pp	—
APIAgora, Inc.	—	−200,000	—	exited	−0.35 pp	—