Jericho Capital

Q1 2022 13F · by Josh Resnick, founder

As of: Mar 31, 2022
Filed: May 16, 2022
US stock: $1.9B · prev $2.7B
Positions: 21 · prev 29
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

+56.7 pp in · −58.9 pp out

New 9 +45.07 pp
Added 4 +11.67 pp
Trimmed 3 −1.93 pp
Exited 17 −57.00 pp

The book

Concentrated · behaves like 16 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 217% a year, about 0.5 years per position

Low
Moderate
High

Top 5 positions41% of US stock

MRVL Marvell Technology, Inc. added+3.16 pp added+3.168.9%
TSLA Tesla, Inc. new+8.44 pp new+8.448.4%
LI Li Auto Inc. added+1.67 pp added+1.678.0%
ESTC Elastic N.V. new+7.74 pp new+7.747.7%
BZ KANZHUN LIMITED American Depository Shares added+4.28 pp added+4.287.7%

Positions21 in this filing · 17 exited


MRVLMarvell Technology, Inc.	8.95%	2,319,929	$166M	added+28%	+3.16 pp	4 q
TSLATesla, Inc.	8.44%	145,720	$157M	new	+8.44 pp	new
LILi Auto Inc.	7.95%	5,728,865	$148M	added+7%	+1.67 pp	7 q
ESTCElastic N.V.	7.74%	1,617,037	$144M	new	+7.74 pp	new
BZKANZHUN LIMITED American Depository Shares	7.70%	5,747,554	$143M	added×2.1	+4.28 pp	4 q
PANWPalo Alto Networks, Inc.	7.28%	217,415	$135M	trimmed−47%	−1.15 pp	3 q
DISHDISH Network Corp.	7.17%	4,210,543	$133M	trimmed−44%	−1.72 pp	8 q
CHKPCheck Point Software Technologies Ltd	6.59%	886,658	$123M	new	+6.59 pp	new
0C3Endeavor Group Hold-class A	5.93%	3,734,594	$110M	trimmed−4%	+0.94 pp	4 q
TERTeradyne, Inc.	5.92%	931,000	$110M	new	+5.92 pp	new
FOXAFox Corporation Class A	4.40%	2,073,474	$82M	new	+4.40 pp	new
PYPLPayPal Holdings, Inc.	4.13%	663,513	$77M	new	+4.13 pp	new
SIX1Six Flags Entertainment Corp.	3.75%	1,602,578	$70M	held	—	8 q
MNDYmonday.com Ltd.	3.33%	391,717	$62M	new	+3.33 pp	new
PLTRPalantir Technologies Inc. Class A	3.22%	4,360,914	$60M	new	+3.22 pp	new
DASHDoorDash, Inc. Class A	3.08%	488,985	$57M	added×5.1	+2.56 pp	4 q
CNXXConx Corp A	2.12%	4,000,000	$39M	held	—	5 q
SNOWSnowflake Inc.	1.30%	105,400	$24M	new	+1.30 pp	new
unresolvedLead Edge Growth Oprtunts Lt	0.80%	1,500,000	$15M	held	—	5 q
ACHRArcher Aviation Inc.	0.19%	750,000	$4M	held	—	3 q
CNXXWConx Corp Wts	0.02%	1,000,000	$433,000	held	—	5 q
MUMicron Technology, Inc.	—	−2,310,250	—	exited	−7.89 pp	—
AMDAdvanced Micro Devices	—	−1,373,000	—	exited	−7.24 pp	—
UBERUber Technologies, Inc.	—	−4,635,037	—	exited	−7.12 pp	—
CMCSAComcast Corp	—	−3,533,530	—	exited	−6.52 pp	—
CZRCaesars Entertainment, Inc.	—	−1,360,866	—	exited	−4.67 pp	—
XPEVXPeng Inc.	—	−2,394,886	—	exited	−4.42 pp	—
ASMLASML Holding NV	—	−148,100	—	exited	−4.32 pp	—
INTUIntuit Inc	—	−155,481	—	exited	−3.67 pp	—
NVDANvidia Corp	—	−291,261	—	exited	−3.14 pp	—
AFRMAffirm Holdings, Inc. Class A	—	−803,000	—	exited	−2.96 pp	—
SESea Limited	—	−274,600	—	exited	−2.25 pp	—
BILIBilibili Inc.	—	−1,000,000	—	exited	−1.70 pp	—
WOLFWolfspeed, Inc.	—	−81,975	—	exited	−0.34 pp	—
NTESNetEase, inc.	—	−58,744	—	exited	−0.22 pp	—
ZLABZai Lab Limited	—	−85,000	—	exited	−0.20 pp	—
ISIronsource Ltd-a	—	−650,000	—	exited	−0.18 pp	—
GSMFerroglobe PLC	—	−694,000	—	exited	−0.16 pp	—