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Funds (13F)

Jericho Capital Asset Management L.P.

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+16.9%
S&P 500 +14.1%
Last 12 months
−14.6%
S&P 500 +12.1%
Sharpe ratio
0.63
S&P 500 0.78
Biggest drop
−57.0%
S&P 500 −31.8%
$10.0k$20.0k$40.0k$80.0k 2013201520172019202120232025 $78.8k$57.0k
StrategyS&P 500 $10,000 in Jericho Capital Asset Management L.P. from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Jericho Capital Asset Management L.P.'s quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Jericho Capital Asset Management L.P.'s 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+16.9%+14.1%
Total return+688%+470%
Last 12 months−14.6%+12.1%
Last 3 months−12.4%—
Last month−16.6%—
This year so far−13.6%—
Volatility a year27.7%16.0%
Sharpe ratio0.630.78
Biggest drop−57.0%−31.8%
Beta to the S&P 5001.341.00
Alpha a year (t-statistic)+0.7% (0.15)—
Share of weeks up56%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
FFIV7.3%——
APP7.1%——
LYV6.3%——
FOXA6.2%——
CORZ4.8%——
RDDT4.8%——
MU4.5%——
LSCC4.1%——
FWONK4.1%——
HOOD4.0%——
ON3.8%——
TWLO3.7%——
SPHR3.7%——
WDC3.4%——
LITE3.4%——
AMAT3.3%——
GOOGL3.3%——
NVDA2.5%——
MSGE2.5%——
NTNX2.4%——
LION2.4%——
CIEN2.3%——
FPS2.0%——
MSI1.9%——
ZS1.6%——
TTD1.4%——
WK1.4%——
TTAN1.1%——
AD0.5%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+16.9%+14.1%0.630.78−57.0%1.34+0.7% (0.15)
2018 onwards5 Jan 2018 to 2 Nov 2026+16.9%+13.9%0.560.66−57.0%1.37+1.5% (0.23)
Last three years3 Nov 2023 to 2 Nov 2026+30.4%+21.8%0.921.16−32.8%1.65−0.5% (−0.05)
Last year7 Nov 2025 to 2 Nov 2026−10.9%+14.2%−0.460.84−20.5%1.58−27.7% (−1.54)
DateCompanyAction
21 Aug 2026ZSBought
21 Aug 2026TTDBought
21 Aug 2026TTANBought
21 Aug 2026RDDTBought
21 Aug 2026ONBought
21 Aug 2026MUBought
21 Aug 2026MSIBought
21 Aug 2026LITEBought
21 Aug 2026HOODBought
21 Aug 2026FPSBought
22 May 2026WKBought
22 May 2026WDCBought
22 May 2026TWLOBought
22 May 2026LSCCBought
22 May 2026KTOSBought
22 May 2026AMATBought
20 Feb 2026SRADBought
20 Feb 2026SNOWBought
20 Feb 2026LIONBought
20 Feb 2026FOXABought
20 Feb 2026FFIVBought
21 Nov 2025STUBBought
21 Nov 2025INTUBought
21 Nov 2025HPEBought
21 Nov 2025GOOGLBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026SNOWSold
21 Aug 2026MDBSold
21 Aug 2026KTOSSold
21 Aug 2026DOCUSold
22 May 2026UPSTSold
22 May 2026SRADSold
22 May 2026NFLXSold
22 May 2026METASold
22 May 2026GTMSold
22 May 2026AMBASold
22 May 2026AFRMSold
20 Feb 2026UBERSold
20 Feb 2026TWLOSold
20 Feb 2026TTDSold
20 Feb 2026STUBSold
20 Feb 2026NBISSold
20 Feb 2026INTUSold
20 Feb 2026HPESold
20 Feb 2026FUNSold
20 Feb 2026CRDOSold
21 Nov 2025SNOWSold
21 Nov 2025ORCLSold
21 Nov 2025DTSold
21 Nov 2025CLSSold
21 Nov 2025ARMSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest