Jericho Capital's Q3 2022 vs. Q4 2022 13F Holdings: Changes & What It Means

Jericho Capital Asset Management L.P. filed their 13F form for Q3 and Q4 2022, and there are notable differences between the two filings. In this article, we will delve into the changes in holdings between the two filing periods and what they mean for the company and investors.

First on the list is ALIBABA GROUP HLDG LTD, with Jericho Capital increasing their holding by 75.7% from 1,600,210 shares to 2,806,969 shares between Q3 and Q4 2022. The value of their holdings also increased from $128,001,000 to $247,265,000, which is a significant gain of 93.2%. This may indicate that Jericho Capital sees potential in the company and expects its stock to perform well in the future.

On the other hand, Jericho Capital reduced its holdings in NETFLIX INC by 22.5%, from 897,506 shares in Q3 to 698,560 shares in Q4 2022. The value of their holdings also decreased, from $211,309,000 to $205,991,000, a reduction of 2.5%. This may indicate that the company is not as bullish on Netflix's future performance, or that they are reallocating their funds to other investments.

ELASTIC N V also showed a significant decrease in Jericho Capital's holdings, with a reduction of 15% from 1,896,288 shares to 2,248,125 shares. The value of their holdings decreased from $136,040,000 to $115,778,000, a reduction of 14.9%. This means that Jericho Capital may have lost confidence in the long-term prospects of Elastic N V and decided to reallocate their funds elsewhere.

In contrast, MARVELL TECHNOLOGY INC saw an increase in Jericho Capital's holdings by 47.2%, from 1,805,527 shares to 2,658,000 shares. The value of their holdings also increased from $77,475,000 to $98,452,000, a gain of 27.1%. This suggests that Jericho Capital has confidence in Marvell Technology Inc's future performance and sees potential for growth in the company.

Another interesting change in Jericho Capital's holdings is LAS VEGAS SANDS CORP, where they had no shares in Q3 and increased their holdings to 1,672,000 shares worth $80,373,000 in Q4. This suggests that Jericho Capital may see potential for Las Vegas Sands Corp's performance in the future.

To summarize, Jericho Capital made some notable changes in their holdings between Q3 2022 and Q4 2022, increasing their holdings in some companies while decreasing in others. Investors can use this information to make informed decisions regarding their own investment strategies.