Jericho Capital Asset Management L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Jericho Capital Asset Management L.P. reported 30 stock positions worth $7.5 billion. Its top holding was AppLovin Class A (APP) at 9.8% of the portfolio, followed by Netflix (NFLX, 7.0%) and Oracle (ORCL, 6.1%). Compared with Q1 2025, it opened 9 new positions, sold out of 2, added to 4 and reduced 9. The biggest buy was a new position in Oracle (ORCL) and the biggest sale an exit from Juniper Networks (JNPR).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001525234
- Portfolio Value
- $7.5B (Q2 2025)
- SEC Filing
- 0001172661-25-003480 ↗ filed Aug 14, 2025
Holdings Value
Holdings 30 stocks · $7.5B
| APP AppLovin Corp. Class A | 9.77% | 2,095,319 | $733.5M | Reduce -25.0% |
| NFLX Netflix Inc. | 6.99% | 392,000 | $524.9M | Reduce -32.3% |
| ORCL Oracle Corp. | 6.13% | 2,104,859 | $460.2M | New |
| LYV Live Nation Entertainment Inc. | 5.84% | 2,897,162 | $438.3M | Reduce -7.8% |
| NVDA Nvidia Corp. | 5.51% | 2,619,012 | $413.8M | Add +71.5% |
| FWONK Liberty Media Corp. Class C | 5.37% | 3,854,396 | $402.8M | Add +30.6% |
| UBER Uber Technologies Inc. | 5.25% | 4,222,221 | $393.9M | Reduce -25.0% |
| DOCU Docusign Inc. | 4.93% | 4,754,753 | $370.3M | No change |
| TWLO Twilio Inc. Class A | 4.74% | 2,859,363 | $355.6M | Reduce -12.8% |
| META Meta Platforms Inc. Class A | 3.91% | 397,858 | $293.7M | No change |
| AFRM Affirm Holdings Inc. | 3.37% | 3,661,975 | $253.2M | Reduce -27.6% |
| ANSS Ansys Inc. | 3.33% | 712,000 | $250.1M | New |
| UPST Upstart Holdings Inc. | 3.15% | 3,653,835 | $236.3M | New |
| ARM Arm Holdings PLC-ADR | 2.81% | 1,306,115 | $211.3M | New |
| QRVO Qorvo Inc. | 2.64% | 2,333,650 | $198.2M | No change |
| WBD Warner Bros Discovery Inc. | 2.57% | 16,803,525 | $192.6M | Reduce -25.0% |
| NTNX Nutanix Inc. Class A | 2.49% | 2,441,481 | $186.6M | Reduce -40.5% |
| SNOW Snowflake Inc. | 2.42% | 811,146 | $181.5M | New |
| NBIS Nebius Group NV | 2.18% | 2,959,000 | $163.7M | New |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 2.09% | 2,183,000 | $157.2M | Add +38.1% |
| CLS Celestica Inc. | 2.00% | 962,500 | $150.3M | New |
| DT Dynatrace Inc. | 1.89% | 2,571,767 | $142.0M | Add +1.7% |
| SPHR Sphere Entertainment Co. | 1.56% | 2,805,615 | $117.3M | No change |
| AD Array Digital Infrastructure filed as UNITED STATES CELLULAR CORP | 1.55% | 1,815,844 | $116.2M | No change |
| MSGE Madison Square Garden Entert | 1.54% | 2,885,724 | $115.3M | No change |
| MDB Mongodb Inc. | 1.47% | 526,000 | $110.5M | Reduce -42.9% |
| CIEN Ciena Corp. | 1.45% | 1,335,000 | $108.6M | New |
| FUN Six Flags Entertainment Corp. | 1.06% | 2,616,363 | $79.6M | No change |
| GTM Zoominfo Technologies Inc. | 1.01% | 7,526,518 | $76.2M | No change |
| AMBA Ambarella Inc. | 0.97% | 1,098,482 | $72.6M | New |
Portfolio Sells Q1 2025 → Q2 2025
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −3.71 |
| APP AppLovin Corp. Class A | Reduce -25.0% | 9.77% | −3.70 |
| NFLX Netflix Inc. | Reduce -32.3% | 6.99% | −2.83 |
| NTNX Nutanix Inc. Class A | Reduce -40.5% | 2.49% | −2.72 |
| UBER Uber Technologies Inc. | Reduce -25.0% | 5.25% | −2.21 |
| WBD Warner Bros Discovery Inc. | Reduce -25.0% | 2.57% | −1.81 |
| LYV Live Nation Entertainment Inc. | Reduce -7.8% | 5.84% | −1.62 |
| MDB Mongodb Inc. | Reduce -42.9% | 1.47% | −1.47 |
| TWLO Twilio Inc. Class A | Reduce -12.8% | 4.74% | −1.11 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.93 |
| AFRM Affirm Holdings Inc. | Reduce -27.6% | 3.37% | −0.78 |
Portfolio Buys Q1 2025 → Q2 2025
| ORCL Oracle Corp. | New | 6.13% | +6.13 |
| ANSS Ansys Inc. | New | 3.33% | +3.33 |
| UPST Upstart Holdings Inc. | New | 3.15% | +3.15 |
| ARM Arm Holdings PLC-ADR | New | 2.81% | +2.81 |
| NVDA Nvidia Corp. | Add +71.5% | 5.51% | +2.50 |
| SNOW Snowflake Inc. | New | 2.42% | +2.42 |
| NBIS Nebius Group NV | New | 2.18% | +2.18 |
| CLS Celestica Inc. | New | 2.00% | +2.00 |
| CIEN Ciena Corp. | New | 1.45% | +1.45 |
| AMBA Ambarella Inc. | New | 0.97% | +0.97 |
| FWONK Liberty Media Corp. Class C | Add +30.6% | 5.37% | +0.53 |
| TTD Trade Desk Inc./the Class A | Add +38.1% | 2.09% | +0.52 |
| DT Dynatrace Inc. | Add +1.7% | 1.89% | −0.28 |
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 |