Jericho Capital

Q2 2021 13F · by Josh Resnick, founder

As of: Jun 30, 2021
Filed: Aug 16, 2021
US stock: $4.2B · prev $3.8B
Positions: 48 · prev 53
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%

Moves65 since the prior filing

+50.5 pp in · −51.2 pp out

New 23 +40.49 pp
Added 10 +10.00 pp
Trimmed 4 −0.97 pp
Exited 28 −50.25 pp

The book

Focused · behaves like 26 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 185% a year, about 0.5 years per position

Low
Moderate
High

Top 5 positions31% of US stock

DISH DISH Network Corp. added+0.60 pp added+0.607.4%
DASH DoorDash, Inc. Class A new+6.62 pp new+6.626.6%
MRVL Marvell Technology, Inc. new+6.50 pp new+6.506.5%
UBER Uber Technologies, Inc. added+5.05 pp added+5.055.2%
TWLO Twilio Inc. held held5.1%

Positions48 in this filing · 28 exited


DISHDISH Network Corp.	7.40%	7,477,213	$313M	added+5%	+0.60 pp	5 q
DASHDoorDash, Inc. Class A	6.62%	1,566,739	$279M	new	+6.62 pp	new
MRVLMarvell Technology, Inc.	6.50%	4,708,000	$275M	new	+6.50 pp	new
UBERUber Technologies, Inc.	5.23%	4,408,329	$221M	added×35.2	+5.05 pp	7 q
TWLOTwilio Inc.	5.06%	542,649	$214M	held	—	4 q
ZMZoom Communications, Inc. Class A	4.79%	522,859	$202M	new	+4.79 pp	new
AMDAdvanced Micro Devices	4.65%	2,091,000	$196M	new	+4.65 pp	new
ABNBAirbnb, Inc. Class A	3.70%	1,020,884	$156M	added+22%	−0.46 pp	3 q
INTUIntuit Inc	3.64%	313,481	$154M	added×2.0	+2.07 pp	3 q
BILIBilibili Inc.	3.61%	1,250,000	$152M	held	—	6 q
SESea Limited	3.46%	531,600	$146M	held	—	11 q
LILi Auto Inc.	3.10%	3,750,001	$131M	held	—	4 q
TWTRTwitter, Inc.	2.95%	1,811,000	$125M	new	+2.95 pp	new
ACMRACM Research, Inc. Class A	2.62%	1,082,102	$111M	added+52%	+1.10 pp	2 q
CZRCaesars Entertainment, Inc.	2.52%	1,027,866	$107M	held	—	4 q
SIX1Six Flags Entertainment Corp.	2.48%	2,418,578	$105M	added+26%	+0.13 pp	5 q
ASMLASML Holding NV	2.45%	150,000	$104M	added+1%	+0.04 pp	4 q
SNAPSnap Inc.	2.40%	1,484,526	$101M	trimmed−14%	+0.03 pp	2 q
ZZillow Group, Inc. Class C	2.40%	829,329	$101M	held	—	5 q
RUNSunrun Inc	2.24%	1,699,000	$95M	new	+2.24 pp	new
0C3Endeavor Group Hold-class A	2.07%	3,152,615	$87M	new	+2.07 pp	new
LAMRLamar Advertising Co	2.02%	818,000	$85M	added+60%	+0.75 pp	2 q
TMUST-Mobile US, Inc.	1.99%	580,000	$84M	new	+1.99 pp	new
unresolvedAtlassian Corp Plc	1.96%	323,000	$83M	trimmed−13%	−0.12 pp	3 q
BZKANZHUN LIMITED American Depository Shares	1.78%	1,892,628	$75M	new	+1.78 pp	new
PDDPDD Holdings Inc.	1.74%	578,953	$74M	trimmed−19%	−0.80 pp	6 q
NTESNetEase, inc.	1.24%	453,000	$52M	new	+1.24 pp	new
ISIronsource Ltd-a	1.22%	4,922,338	$52M	new	+1.22 pp	new
BEKEKE Holdings Inc.	1.10%	977,000	$47M	new	+1.10 pp	new
MNSOMINISO Group Holding Limited	1.10%	2,235,000	$46M	added×2.9	+0.61 pp	3 q
CNXXConx Corp A	0.93%	4,000,000	$39M	held	—	2 q
CPNGCoupang, Inc.	0.69%	700,000	$29M	new	+0.69 pp	new
ZLABZai Lab Limited	0.46%	109,000	$19M	held	—	5 q
BIIBBiogen Inc.	0.40%	49,000	$17M	new	+0.40 pp	new
PATHUiPath, Inc.	0.40%	250,000	$17M	new	+0.40 pp	new
COMPCompass, Inc.	0.39%	1,250,000	$16M	new	+0.39 pp	new
unresolvedLead Edge Growth Oprtunts Lt	0.36%	1,500,000	$15M	held	—	2 q
CFLTConfluent, Inc. Class A	0.34%	300,000	$14M	new	+0.34 pp	new
SSentinelOne, Inc.	0.30%	300,000	$13M	new	+0.30 pp	new
APIAgora, Inc.	0.29%	296,000	$12M	held	—	2 q
RLXRLX Technology Inc.	0.29%	1,415,000	$12M	added×2.2	+0.11 pp	2 q
AIYActivision Blizzard Inc	0.27%	119,150	$11M	new	+0.27 pp	new
unresolvedZhihu Inc	0.25%	775,000	$11M	trimmed−50%	−0.08 pp	2 q
YELPYelp Inc.	0.21%	222,000	$9M	new	+0.21 pp	new
PCORProcore Technologies, Inc.	0.16%	71,511	$7M	new	+0.16 pp	new
BNTXBioNTech SE	0.15%	28,000	$6M	new	+0.15 pp	new
CNXXWConx Corp Wts	0.03%	1,000,000	$1M	held	—	2 q
DIDIYDidi Global Inc S/	0.03%	75,000	$1M	new	+0.03 pp	new
EXPEExpedia Group, Inc.	—	−949,208	—	exited	−4.32 pp	—
GOOGLAlphabet Inc. Class A	—	−77,000	—	exited	−4.20 pp	—
CCLCarnival Corporation Ltd.	—	−4,394,166	—	exited	−3.08 pp	—
PYPLPayPal Holdings, Inc.	—	−478,375	—	exited	−3.07 pp	—
NOWServicenow, Inc.	—	−218,235	—	exited	−2.88 pp	—
WYNNWynn Resorts Ltd	—	−838,000	—	exited	−2.78 pp	—
BIDUBaidu, Inc.	—	−448,000	—	exited	−2.58 pp	—
BFHBread Financial Holdings, Inc.	—	−825,889	—	exited	−2.45 pp	—
INTCIntel Corp	—	−1,380,966	—	exited	−2.34 pp	—
LVSLas Vegas Sands Corp.	—	−1,298,859	—	exited	−2.09 pp	—
MTNVail Resorts, Inc.	—	−262,000	—	exited	−2.02 pp	—
ONON Semiconductor Corp	—	−1,758,487	—	exited	−1.93 pp	—
SMARSmartsheet Inc.	—	−1,130,000	—	exited	−1.91 pp	—
ZENZendesk Inc	—	−512,085	—	exited	−1.79 pp	—
MUMicron Technology, Inc.	—	−737,000	—	exited	−1.72 pp	—
PLANAnaplan, Inc.	—	−1,136,437	—	exited	−1.62 pp	—
TALTAL Education Group	—	−1,119,000	—	exited	−1.59 pp	—
AALAmerican Airlines Group Inc.	—	−2,133,418	—	exited	−1.35 pp	—
FOURShift4 Payments, Inc.	—	−611,019	—	exited	−1.32 pp	—
VNETVNET Group, Inc.	—	−1,504,185	—	exited	−1.28 pp	—
TMETencent Music Entertainment Group	—	−1,741,000	—	exited	−0.94 pp	—
XMQualtrics International Inc. Class A	—	−996,000	—	exited	−0.87 pp	—
MCFEMcafee Corp - Class A	—	−1,400,000	—	exited	−0.84 pp	—
TBAThoma Bravo Advantage-cl A	—	−1,408,486	—	exited	−0.39 pp	—
FUTUFutu Holdings Limited	—	−74,000	—	exited	−0.31 pp	—
HTHTH World Group Limited	—	−143,000	—	exited	−0.21 pp	—
NBPNovaBridge Biosciences	—	−149,000	—	exited	−0.19 pp	—
TUYATuya Inc.	—	−327,000	—	exited	−0.18 pp	—