Jericho Capital Asset Administration, based in 2009 by Josh Resnick, is a New York-based hedge fund supervisor specializing in lengthy/brief fairness methods throughout developed and rising markets. Resnick established the agency with a concentrate on figuring out market inefficiencies and capitalizing on each undervalued and overvalued securities. The funding administration agency specializes within the world expertise, media, and telecommunications (TMT) sectors, providing a variety of economic planning, advisory, and asset administration providers to institutional purchasers and high-net-worth people.
As an funding advisor, Jericho Capital gives discretionary funding advisory providers to pooled funding automobiles, together with hedge funds and personal fairness funds. These funds are sometimes structured as master-feeder funds, the place feeder funds allocate their capital to a centralized grasp fund managed by the agency. This construction permits buyers to entry a diversified portfolio whereas benefiting from the agency’s experience in safety choice. Given the speculative nature of its methods, the agency cautions buyers in regards to the substantial dangers concerned, together with the potential for vital or full lack of capital.
Jericho Capital employs a protracted/brief funding technique, aiming to generate returns by buying undervalued securities and short-selling overvalued ones. The agency may additionally pursue particular alternatives methods, which might contain distinct transaction prices and pricing buildings. The success of those approaches depends closely on the agency’s potential to precisely assess market alternatives, a course of that’s inherently complicated and topic to fluctuations. Market volatility and financial disruptions can result in unexpected losses, requiring the agency to make strategic changes to guard investor capital.
Regardless of the dangers, Jericho Capital’s strategy appeals to buyers in search of different funding methods with the potential for prime returns. By leveraging its experience in fairness markets, the agency positions itself as a key participant within the hedge fund trade. Whereas its funding kinds contain substantial dangers, its observe file and disciplined funding framework make it a notable selection for these keen to embrace volatility in pursuit of long-term positive aspects.
At present the founder and managing associate of Jericho Capital, Josh Resnick performed a key function at TCS Capital earlier than launching Jericho Capital. TCS Capital was a outstanding TMT-focused hedge fund that he joined shortly after its inception in 2001. Resnick’s intensive expertise in finance and funding spans a number of industries, with a concentrate on figuring out high-growth alternatives inside quickly evolving markets. Previous to his tenure at TCS Capital, Resnick served as a Managing Director at KPE Ventures, a New York-based enterprise capital agency devoted to investments in media, leisure, and expertise. His experience in enterprise growth was additional honed throughout his time at Fox Leisure Group in Los Angeles, the place he was a part of a strategic workforce overseeing enlargement initiatives. He started his profession in funding banking at Bear Stearns, working within the media and leisure sector, the place he gained crucial expertise in mergers, acquisitions, and company finance.
Resnick holds a Bachelor of Arts diploma in Economics from Emory College, the place he graduated Summa Cum Laude. His educational background offered a robust basis for his profession in funding administration, equipping him with analytical expertise important for navigating complicated monetary markets. Past his skilled achievements, Resnick is actively concerned in philanthropy. He serves on the Board of Administrators of the Baby Thoughts Institute in New York Metropolis, a nonprofit group devoted to supporting youngsters with psychological well being and studying issues. His dedication to each finance and social affect underscores his well-rounded management within the funding world.
As of its newest submitting for the fourth quarter of 2024, Jericho Capital Asset Administration reported managing roughly $7 billion in 13F securities. The agency maintains a reasonably concentrated portfolio, with its high ten holdings making up 64.13% of complete belongings. This stage of focus suggests a high-conviction funding technique, the place the agency locations vital emphasis on a choose group of shares it believes have robust development potential. The agency’s funding selections replicate its concentrate on the worldwide expertise, media, and telecommunications sectors, indicating confidence within the long-term development prospects of those industries. Total, Jericho Capital’s portfolio construction highlights its strategic focus and deep trade experience. Its funding strategy aligns with a perception in innovation-driven sectors, making it a key participant within the hedge fund panorama.
The shares mentioned under had been picked from Jericho Capital Asset Administration’s This fall 2024 13F filings. They’re compiled within the ascending order of the hedge fund’s stake in them as of December 31, 2024. To help readers with extra context, we have now included the hedge fund sentiment concerning every inventory utilizing knowledge from 1009 hedge funds tracked by Insider Monkey within the fourth quarter of 2024.
Why are we within the shares that hedge funds pile into? The reason being easy: our analysis has proven that we will outperform the market by imitating the highest inventory picks of one of the best hedge funds. Our quarterly e-newsletter’s technique selects 14 small-cap and large-cap shares each quarter and has returned 373.4% since Could 2014, beating its benchmark by 218 share factors (see extra particulars right here).
Is Method One Group (FWONK) the High Inventory to Purchase In keeping with Jericho Capital Asset Administration?
Three racing automobiles competing aspect by aspect at a motorsports occasion, demonstrating the ability and precision of the corporate’s racing expertise.
Variety of Hedge Fund Holders as of This fall: 50
Jericho Capital Asset Administration’s Fairness Stake: $337.08 Million
Method One Group (NASDAQ:FWONK) is a bunch of corporations chargeable for the promotion of the FIA Method One World Championship and the exercising of the game’s business rights. Headquartered in Englewood, Colorado, the corporate has reported its monetary outcomes for the fourth quarter and full 12 months ending December 31, 2024. Working via segments akin to Method One Group and Liberty Reside Group, the corporate noticed a 13.4% enhance in complete income, reaching $3.653 billion in comparison with $3.222 billion in 2023. Adjusted OIBDA for Method One rose by 13% to $774 million, demonstrating continued development within the sport’s business efficiency.
Method One Group (NASDAQ:FWONK) additionally skilled a 9% rise in fan attendance, reaching 6.5 million spectators in 2024. Strengthening its world presence, the group prolonged race promotion agreements with key Grand Prix occasions, together with these in Belgium, the Netherlands, China, Italy, and Monaco. It additionally secured a long-term extension with Crypto.com via 2030 and a brand new sponsorship cope with world lottery operator Allwyn. These partnerships spotlight Method 1’s rising business enchantment and efforts to increase its model attain. In the meantime, Method One Group (NASDAQ:FWONK)’s funding in Reside Nation elevated in worth to $9.0 billion as of December 31, 2024, up from $7.625 billion within the earlier quarter.
Wanting ahead, Method One Group (NASDAQ:FWONK) stays dedicated to strategic enlargement and operational effectivity. The corporate goals to capitalize on the continued success of Method 1, combine MotoGP into its portfolio, and optimize its enterprise construction to reinforce shareholder worth. With a robust monetary basis and rising world engagement, FWONK is well-positioned for sustained development within the sports activities and leisure trade. As of This fall 2024, Resnick held over 3.6 million shares of the corporate, valued at $337 million, making the inventory 6th on the record of high 10 shares to purchase in line with Jericho Capital Asset Administration.
Total, FWONK ranks sixth on our record of high shares to purchase in line with Jericho Capital Asset Administration. Whereas we acknowledge the potential for FWONK as an funding, our conviction lies within the perception that some AI shares maintain higher promise for delivering larger returns and doing so inside a shorter time-frame. If you’re searching for an AI inventory that’s extra promising than FWONK however that trades at lower than 5 instances its earnings, take a look at our report in regards to the most cost-effective AI inventory.
