Jericho Capital Asset Management L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Jericho Capital Asset Management L.P. reported 23 stock positions worth $5.5 billion. Its top holding was AppLovin Class A (APP) at 13.5% of the portfolio, followed by Netflix (NFLX, 9.8%) and Uber Technologies (UBER, 7.5%). Compared with Q4 2024, it opened 3 new positions, sold out of 9, added to 6 and reduced 9. The biggest buy was a new position in Juniper Networks (JNPR) and the biggest sale an exit from iShares Bitcoin Trust ETF (IBIT).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001525234
- Portfolio Value
- $5.5B (Q1 2025)
- SEC Filing
- 0001172661-25-002335 ↗ filed May 15, 2025
Holdings Value
Holdings 23 stocks · $5.5B
| APP AppLovin Corp. Class A | 13.47% | 2,793,759 | $740.3M | No change |
| NFLX Netflix Inc. | 9.82% | 579,000 | $539.9M | Reduce -29.3% |
| UBER Uber Technologies Inc. | 7.46% | 5,629,628 | $410.2M | Add +13.7% |
| LYV Live Nation Entertainment Inc. | 7.46% | 3,141,082 | $410.2M | Reduce -2.1% |
| DOCU Docusign Inc. | 7.04% | 4,754,753 | $387.0M | No change |
| TWLO Twilio Inc. Class A | 5.84% | 3,280,363 | $321.2M | Add +17.7% |
| NTNX Nutanix Inc. Class A | 5.21% | 4,102,993 | $286.4M | Add +46.8% |
| FWONK Liberty Media Corp. Class C | 4.83% | 2,951,776 | $265.7M | Reduce -18.9% |
| WBD Warner Bros Discovery Inc. | 4.37% | 22,404,700 | $240.4M | No change |
| META Meta Platforms Inc. Class A | 4.17% | 397,858 | $229.3M | Reduce -35.1% |
| AFRM Affirm Holdings Inc. | 4.16% | 5,057,039 | $228.5M | Reduce -2.7% |
| JNPR Juniper Networks Inc. | 3.71% | 5,641,514 | $204.2M | New |
| QRVO Qorvo Inc. | 3.07% | 2,333,650 | $169.0M | New |
| NVDA Nvidia Corp. | 3.01% | 1,527,012 | $165.5M | Reduce -36.6% |
| MDB Mongodb Inc. | 2.94% | 921,000 | $161.5M | New |
| AD Array Digital Infrastructure filed as UNITED STATES CELLULAR CORP | 2.28% | 1,815,844 | $125.6M | No change |
| DT Dynatrace Inc. | 2.17% | 2,527,742 | $119.2M | Reduce -35.0% |
| MSGE Madison Square Garden Entert | 1.72% | 2,885,724 | $94.5M | Add +5.6% |
| FUN Six Flags Entertainment Corp. | 1.70% | 2,616,363 | $93.3M | Add +5.9% |
| SPHR Sphere Entertainment Co. | 1.67% | 2,805,615 | $91.8M | No change |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 1.57% | 1,581,000 | $86.5M | Add +18.2% |
| GTM Zoominfo Technologies Inc. | 1.37% | 7,526,518 | $75.3M | Reduce -32.2% |
| CFLT Confluent Inc. Class A | 0.93% | 2,181,000 | $51.1M | Reduce -27.3% |
Portfolio Sells Q4 2024 → Q1 2025
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −5.40 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −2.79 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −2.10 |
| NVDA Nvidia Corp. | Reduce -36.6% | 3.01% | −1.61 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −1.52 |
| WYNN WYNN Resorts Ltd. | Sold out | 0.00% | −1.45 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −1.32 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −1.02 |
| META Meta Platforms Inc. Class A | Reduce -35.1% | 4.17% | −0.95 |
| DT Dynatrace Inc. | Reduce -35.0% | 2.17% | −0.85 |
| NFLX Netflix Inc. | Reduce -29.3% | 9.82% | −0.60 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.56 |
| HUT Hut 8 Corp. | Sold out | 0.00% | −0.53 |
| AFRM Affirm Holdings Inc. | Reduce -2.7% | 4.16% | −0.36 |
| GTM Zoominfo Technologies Inc. | Reduce -32.2% | 1.37% | −0.30 |
| CFLT Confluent Inc. Class A | Reduce -27.3% | 0.93% | −0.27 |
| FWONK Liberty Media Corp. Class C | Reduce -18.9% | 4.83% | +0.02 |
| LYV Live Nation Entertainment Inc. | Reduce -2.1% | 7.46% | +1.53 |
Portfolio Buys Q4 2024 → Q1 2025
| JNPR Juniper Networks Inc. | New | 3.71% | +3.71 |
| UBER Uber Technologies Inc. | Add +13.7% | 7.46% | +3.20 |
| QRVO Qorvo Inc. | New | 3.07% | +3.07 |
| MDB Mongodb Inc. | New | 2.94% | +2.94 |
| NTNX Nutanix Inc. Class A | Add +46.8% | 5.21% | +2.77 |
| TWLO Twilio Inc. Class A | Add +17.7% | 5.84% | +1.54 |
| MSGE Madison Square Garden Entert | Add +5.6% | 1.72% | +0.33 |
| FUN Six Flags Entertainment Corp. | Add +5.9% | 1.70% | −0.00 |
| TTD Trade Desk Inc./the Class A | Add +18.2% | 1.57% | −0.67 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $12.1B | FFIV, APP, LYV, FOXA, CORZ |
| Q1 2026 | 23 | $6.8B | FFIV, APP, CIEN, LYV, FWONK |
| Q4 2025 | 25 | $8.8B | APP, NVDA, FFIV, LYV, FWONK |
| Q3 2025 | 30 | $9.6B | APP, WBD, GOOGL, NBIS, NVDA |
| Q2 2025 | 30 | $7.5B | APP, NFLX, ORCL, LYV, NVDA |
| Q1 2025 | 23 | $5.5B | APP, NFLX, UBER, LYV, DOCU |
| Q4 2024 | 29 | $7.0B | APP, NFLX, DOCU, LYV, IBIT |
| Q3 2024 | 24 | $4.1B | NFLX, APP, NVDA, META, LYV |
| Q2 2024 | 22 | $3.3B | NVDA, APP, NFLX, META, TTD |
| Q1 2024 | 27 | $3.7B | NFLX, APP, NTNX, NVDA, DKNG |