10 Best Stocks To Buy According To Josh Resnick’s Jericho Capital Asset Management

Published November 22, 2021 at 5:23 am EST Updated August 19, 2026 at 5:41 am EDT

In this article, we will be discussing the 10 best stocks to buy according to Josh Resnick’s Jericho Capital Asset Management.

Serving as its managing partner, Josh Resnick is the founder of the New York-based asset management firm, Jericho Capital Asset Management. After graduating summa cum laude with a B.A in Economics from Emory University, Josh Resnick began his long career in the investment and finance industry. Prior to establishing Jericho Capital Asset Management in 2009, Resnick served as a member of the business development group at Fox Entertainment Group. He subsequently joined KPE Ventures as a managing director, leaving the firm later to join TCS Capital as a key principal in 2001.

With a focus on investing in the global technology, media and telecommunications sectors, Jericho Capital Asset Management manages more than $3.6 billion in its investment portfolio. According to the 13F filings for the second quarter of 2021, the technology sector makes up about 36.9% of the fund’s portfolio value.

Some of the most notable stocks in Jericho Capital Asset Management’s portfolio for the second quarter include DoorDash, Inc. (NYSE:DASH), Uber Technologies, Inc. (NYSE:UBER) and Zoom Video Communications, Inc. (NASDAQ:ZM), among other discussed in detail below.

Technology share chart

Our Methodology

With this background in mind, let us now look towards the 10 best stocks to buy according to Josh Resnick’s Jericho Capital Asset Management. We analyzed Jericho Capital Asset Management’s 13F portfolio for the second quarter for this analysis.

Best Stocks To Buy According To Josh Resnick’s Jericho Capital Asset Management

10. Bilibili Inc. (NASDAQ:BILI)

Jericho Capital Asset Management’s Stake Value: $152.3 million

Percentage of Jericho Capital Asset Management’s 13F Portfolio: 3.6%

Number of Hedge Fund Holders: 47

Bilibili Inc. (NASDAQ:BILI) is a Chinese online entertainment platform featuring videos, live broadcasting, mobile games, and on-demand video streaming, including famous documentaries, shows, and a number of original productions.

According to the 13F filings for the second quarter of 2021, Jericho Capital Asset Management holds over 1.25 million shares of Bilibili Inc., amounting to more than $152.3 million in worth and representing 3.6% of the fund’s portfolio value. Of the 873 elite funds tracked by Insider Monkey, 47 reported holding stakes in Bilibili Inc., with stakes worth approximately $2 billion.

Out of the hedge funds being tracked by Insider Monkey’s database, UK-based investment firm Aubrey Capital Management is a leading shareholder in Bilibili Inc. with 219,670 shares worth more than $26.76 billion.

On October 18, Morgan Stanley analyst Alex Poon kept an Overweight rating and $100 price target on Bilibili Inc. shares. The analyst cited strength in the user growth and non-game segments of the company in his Q3 forecast.

In the Q2 2021 investor letter of Baillie Gifford, the fund mentioned Bilibili Inc.. Here is what the fund said:

“One of the most important cognitive elements, is our recognition that consumer patterns and attitudes are evolving increasingly rapidly and with ever greater amplitude. While the human needs for self-actualisation, esteem and belonging are innate and immutable, they are being expressed in new ways. Tastes are being shaped by social groups who are culturally similar but geographically distant. The lines between the physical and digital-self continue to blur.

To those in the throes of middle age, this can be discombobulating. I profess to unease when my daughter recently earned five pounds stacking logs – only to ‘blow’ this pocket money on a pair of virtual Gucci sneakers for her online Roblox character. But we need to be imaginative about the possible size of the market for virtual luxury in the long term and it’s encouraging to observe that Kering is already on the front foot. It is also amply clear that the experienced Long Term Global Growth investors who predate Generations Y & Z, need the help of colleagues in understanding the mood and aspirations of a new cohort of conscious consumers. In this sense, the multigenerational and multicultural dynamic within the LTGG team (and indeed across the broader Baillie Gifford investment floor), has never seemed more important…” (Click here to see the full text)

9. Intuit Inc. (NASDAQ:INTU)

Jericho Capital Asset Management’s Stake Value: $153.6 million

Percentage of Jericho Capital Asset Management’s 13F Portfolio: 3.63%

Number of Hedge Fund Holders: 66

Intuit Inc. (NASDAQ:INTU) is a California-based company that specializes in software services related to financial management and compliance products. Some of its flagship products include tax preparation software TurboTax and business accounting app QuickBooks.

Josh Resnick’s Jericho Capital Asset Management currently owns 313,481 shares of Intuit Inc., worth over $153.6 million and representing 3.63% of the fund’s portfolio.

Terry Smith of Fundsmith LLP is one of the biggest stakeholders of Intuit Inc. as of the end of the second quarter, according to the data tracked by Insider Monkey. Overall, 66 funds were bullish on Intuit Inc. by the end of the June quarter, compared to 68 in the previous quarter.

On November 1, Deutsche Bank analyst Brad Zelnick initiated coverage of Intuit Inc. with a Buy rating and $700 price target on its shares.

Similar to DoorDash, Inc., Uber Technologies, Inc. and Zoom Video Communications, Inc., Intuit Inc. is a notable stock to invest in.

Cooper Investors, in its Q3 2021 investor letter, mentioned Intuit Inc. (NASDAQ:INTU). Here is what the fund said:

“The other meaningful deal during the quarter was Intuit’s acquisition of Mailchimp for $12bn. Intuit has reinvented itself over the last decade and thrived with a leadership position in QuickBooks Online, the financial accounting software for small businesses (effectively the ‘Xero of the US’). We originally invested in Intuit in February 2020, excited by the QuickBooks prospects.

Management have executed exceptionally well on the opportunity set which has seen the shares double since our initial purchase. However, the company has now conducted two meaningful deals in Mailchimp and Credit Karma worth a combined US$20bn over the last 12 months. The investment proposition has shifted from a focus on QuickBooks to now being a financial and small business software conglomerate. We continue to very much admire the company, but with Intuit now trading on 50x forward earnings we no longer see such attractive latency on offer, nor the rewards for the level of execution risk and thus we have exited the position.”

8. Airbnb, Inc. (NASDAQ:ABNB)

Jericho Capital Asset Management’s Stake Value: $156.3 million

Percentage of Jericho Capital Asset Management’s 13F Portfolio: 3.7%

Number of Hedge Fund Holders: 58

Airbnb, Inc. (NASDAQ:ABNB) is a California-based company that operates an online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities.

As of Q2 2021, Jericho Capital Asset Management holds over 1.02 million shares of Airbnb, Inc., amounting to over $156.3 million in worth and accounting for 3.7% of the fund’s investment portfolio. At the end of the second quarter of 2021, 58 hedge funds in the database of Insider Monkey held stakes worth $2.7 billion in Airbnb, Inc., up from 52 hedge funds in the preceding quarter worth $2.4 billion.

California-based investment firm, Silver Lake Partners, is the largest shareholder of Airbnb, Inc., with shares worth $391.9 million.

On November 9, Truist analyst Naved Khan raised his price target on Airbnb, Inc. to $180 from $160, and kept a Hold rating on the shares following the company’s Q3 earnings beat.

Polen Capital, in its Q3 2021 investor letter, mentioned Airbnb, Inc. (NASDAQ:ABNB) and discussed its stance on the firm. Here is what the fund said:

“We believe Airbnb has substantial competitive advantages in a large, fast-growing, and global market. Airbnb acts as a “System of Trust” in the private rental accommodations market, removing a considerable amount of friction so hosts can trust unknown guests and guests can trust unknown hosts/properties.

We believe Airbnb has an attractive growth runway given its unique inventory, powerful platform, and system enhancements that further reduce user friction.

We see Airbnb as well-positioned to benefit from secular growth in travel, the increasingly mainstream nature of private rentals, and as hybrid work/travel can lead to more frequent and longer stays. Unlike traditional online travel agencies like Booking.com and Expedia, Airbnb’s user traffic comes almost entirely directly, which speaks to the brand’s strength. This also means that Airbnb does not need to pay Google or other meta-search engines nearly as much money for generating booking leads, which is a favorable structural business model advantage in our view. We expect the company’s bookings and revenue to compound at a high-teens rate or better over the next five years and margins to expand by thousands of basis points as it scales its fixed costs base, leading to 40%+ earnings per share growth over that period.”

7. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jericho Capital Asset Management’s Stake Value: $196.4 million

Percentage of Jericho Capital Asset Management’s 13F Portfolio: 4.65%

Number of Hedge Fund Holders: 63

Headquartered in California, Advanced Micro Devices, Inc. (NASDAQ:AMD) is multinational company involved in the manufacture of semiconductors and other components for consumer electronics. Shares of the company rose by 10% on November 8 after it announced a partnership with Meta Platform, Inc. (NASDAQ:FB)

This November 8, Wells Fargo analyst Aaron Rakers raised the price target on Advanced Micro Devices, Inc. to $180 from $145, and kept an Overweight rating on its shares after the company hosted a “positive” Accelerated Data Center event.

By the end of the second quarter of 2021, 63 hedge funds out of the 873 tracked by Insider Monkey held stakes in Advanced Micro Devices, Inc. worth roughly $4.6 billion. This is compared to 62 hedge funds in the previous quarter with a total stake value of approximately $3.7 billion.

Based on the the securities filings for the second quarter of 2021, Josh Resnick’s hedge fund holds over 2.09 million shares of Advanced Micro Devices, Inc.. These shares are valued at $196.4 million and represent 4.65% of his fund’s total portfolio value.

Just like DoorDash, Inc., Uber Technologies, Inc. and Zoom Video Communications, Inc., Advanced Micro Devices, Inc. is one of the top stocks in Josh Resnick’s portfolio.

6. Zoom Video Communications, Inc. (NASDAQ:ZM)

Jericho Capital Asset Management’s Stake Value: $202.3 million

Percentage of Jericho Capital Asset Management’s 13F Portfolio: 4.79%

Number of Hedge Fund Holders: 59

Leading video conferencing and telephony company Zoom Video Communications, Inc. closed at $259.90 in the November 8 trading session, marking a -1.81% move from the previous day. This slump is attributed to the resumption of normal day-to-day activity due to vaccinations.

On October 22, JPMorgan analyst Sterling Auty upgraded Zoom Video Communications, Inc. to Overweight from Neutral with an unchanged price target of $385.

Jericho Capital Asset Management currently holds 522,859 shares of Zoom Video Communications, Inc.. These shares amount to approximately $202.3 million and account for 4.79% of the investment firm’s total portfolio value.

Of the 873 elite funds tracked by Insider Monkey, 59 were long Zoom Video Communications, Inc. at the end of June, up from 54 in the first quarter of 2021. Among the hedge funds being tracked by Insider Monkey, New York-based firm Tiger Global Management LLC is a leading shareholder in Zoom Video Communications, Inc. with 4.2 million shares worth more than $1.6 billion.

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Zoom Video Communications, Inc. was one of them. Here is what the fund said:

“We concluded our campaigns in Zoom Video Communications. We have been paring our position in Zoom for several quarters, anticipating the reduced need for video conferencing as vaccination rates climb and people return to their workplaces. That said, we believe there is a strong case to be made that the pandemic has prompted a permanent inflection in videoconferencing’s importance—sustainably higher remote work arrangements, more online learning and less business travel. Furthermore, the company’s dramatically expanded user base (up 485% YoY in Q3) positions it well to cross sell additional services, Zoom Phone in particular. The long-term future remains bright, but we decided to end our successful investment campaign in favor of opportunities in our pipeline with more attractive near-term growth prospects.”

5. Twilio Inc. (NYSE:TWLO)

Jericho Capital Asset Management’s Stake Value: $213.8 million
Percentage of Jericho Capital Asset Management’s 13F Portfolio: 5.06%
Number of Hedge Fund Holders: 98

Twilio Inc. (NYSE:TWLO) is a California-based cloud communications platform as a service company that allows software developers to make communications functions using its web service APIs.

Jericho Capital Asset Management currently holds 542,649 shares of Twilio Inc., amounting to more than $213.8 million in worth and representing 5.06% of the fund’s total portfolio value. Of the 873 elite funds being tracked by Insider Monkey, 98 held stakes in Twilio Inc. at the end of the second quarter of 2021, compared to 99 funds in the preceding quarter.

Out of the hedge funds being tracked by Insider Monkey, Catherine Wood’s ARK Investment Management is the leading shareholder in Twilio Inc., with over 3.72 million shares worth more than $1.46 billion.

On November 1, Summit Insights analyst Srini Nandury reiterated a Buy rating on Twilio Inc. with a $450 price target following the company’s Q3 results.

Lakehouse Capital, in its Q2 2021 investor letter, mentioned Twilio Inc.. Here is what the fund said:

“The Fund held 20 positions as of the end of June and exited four during the year (including) Twilio. The companies we exited were sold almost entirely on the basis of their valuations getting stretched well past their norms and to levels where the return profile no longer offered the asymmetric upside that led us to invest in the first place. We dislike selling on valuation as great growth companies are hard to find and letting winners run is an important facet of a winning growth strategy, however, we’re not gluttons for punishment either and in each of those cases we redeployed capital towards other high-quality growth companies with less demanding valuations.”

4. Uber Technologies, Inc. (NYSE:UBER)

Jericho Capital Asset Management’s Stake Value: $220.9 million
Percentage of Jericho Capital Asset Management’s 13F Portfolio: 5.23%
Number of Hedge Fund Holders: 135

Multinational company Uber Technologies, Inc. is a mobility as a service provider, offering a range of services, including transportation, food delivery and package delivery. Uber Technologies, Inc, on October 24, said it is launching a new partnership with rental car company Hertz to offer 50,000 Tesla Inc (NASDAQ:TSLA) vehicles as a rental option for its ride-hail drivers by 2023.

On October 15, Evercore ISI analyst Mark Mahaney added Uber Technologies, Inc. to his “Tactical Outperform List” while keeping an Outperform rating on its shares with a $70 price target.

According to the 13F filings for the second quarter, Josh Resnick’s Jericho Capital Asset Management holds over 4.4 million shares of Uber Technologies, Inc., worth approximately $220.9 million, accounting for 5.23% of the fund’s portfolio.

Of the 873 elite funds tracked by Insider Monkey, 135 were long Uber Technologies, Inc. at the end of June, up from 130 in the first quarter of 2021. Brad Gerstner of Altimeter Capital Management is the leading stakeholder of the company.

ClearBridge Investments mentioned Uber Technologies, Inc. in its Q2 2021 investor letter. Here is what the firm has to say:

“The pandemic has also brought attention to the question of gig worker employment status for companies, including ClearBridge holdings Uber and Lyft. In the U.K., Uber proactively classified its drivers as “workers” ahead of final rulings from the British court system. The worker status in the U.K. is a designation between self-employed and employed status that entitles drivers to minimum wage, holiday pay and in some cases a pension.

ClearBridge has engaged with Uber on labor issues since its IPO, and we have given feedback over that time to the CEO, CFO, Chief Legal Officer and Investor Relations on labor relations as well as strategy and communications. Uber’s agreement on this designation is ahead of other competitors in the market and the legal mandate represents a step forward in the company’s thinking about labor. The agreement represents a short-term hit to earnings, yet in some ways it places Uber ahead of the market in its ability to balance labor and shareholder interests. Workers benefit from improved conditions, with new contributions amounting to roughly 3% of a driver’s earnings, while Uber establishes more certainty on costs and visibility into its regulatory environment and operation conditions in the future.”

3. Marvell Technology, Inc. (NASDAQ:MRVL)

Jericho Capital Asset Management’s Stake Value: $274.6 million
Percentage of Jericho Capital Asset Management’s 13F Portfolio: 6.5%
Number of Hedge Fund Holders: 51

Marvell Technology, Inc. (NASDAQ:MRVL) is a Delaware-based company that develops and produces semiconductors, offering a broad portfolio of data infrastructure semiconductor solutions that spans computing, networking, security and storage.

As of Q2 2021, Josh Resnick’s hedge fund reported holding 4.7 million shares of Marvell Technology, Inc.. These shares are valued at $274.6 million and represent 6.5% of his fund’s investment portfolio. At the end of the second quarter of 2021, 51 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Marvell Technology, Inc., up from 33 in the previous quarter worth $683 million.

On October 7, Needham analyst N. Quinn Bolton raised the price target on Marvell Technology, Inc. to $75 from $69, and kept a Buy rating on the shares of the company.

In the Q2 2021 investor letter of ClearBridge Investmenst, the fund mentioned Marvell Technology, Inc.. Here is what the fund had to say:

“We also gained shares of Marvell Technology, a fabless designer of analog and digital semiconductors, switches, controllers and storage solutions, following the closure of its acquisition of portfolio holding Inphi. The deal expands Marvell’s reach into the networking, cloud and telecom markets.”

2. DoorDash, Inc. (NYSE:DASH)

Jericho Capital Asset Management’s Stake Value: $279.3 million
Percentage of Jericho Capital Asset Management’s 13F Portfolio: 6.61%
Number of Hedge Fund Holders: 45

One of the largest online food delivery companies in the United States with over 56% market share, DoorDash, Inc. operates a delivery platform based in San Francisco, California.

On October 18, JMP Securities analyst Andrew Boone raised his price target on DoorDash, Inc. to $230 from $210, and maintained an Outperform rating on the shares.

Based on the second quarter securities filings of Jericho Capital Asset Management, the fund held over 1.56 million shares of DoorDash, Inc., worth more than $279.3 million.

Tiger Global Management LLC is the leading shareholder of DoorDash, Inc., with shares worth $1.9 billion. Overall, 45 hedge funds tracked by Insider Monkey were bullish on DoorDash, Inc., up from 38 in the previous quarter.

1. DISH Network Corporation (NASDAQ:DISH)

Jericho Capital Asset Management’s Stake Value: $312.5 million
Percentage of Jericho Capital Asset Management’s 13F Portfolio: 7.4%
Number of Hedge Fund Holders: 51

DISH Network Corporation (NASDAQ:DISH) is a Colorado-based satellite television company that provides satellite television, audio programming and interactive television services.

According to the second quarter 13F filings, Josh Resnick owns more than 7.47 million shares of DISH Network Corporation, amounting to approximately $312.5 million and accounting for 7.4% of his hedge fund’s investment portfolio. At the end of the second quarter of 2021, 51 hedge funds in the database of Insider Monkey held stakes worth $2.5 billion in DISH Network Corporation, the same as in the previous quarter worth $2.2 billion.

On September 17, Pivotal Research analyst Jeffrey Wlodarczak raised his price target on DISH Network Corporation to $65 from $60, and kept a Buy rating on the shares of the company.

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and DISH Network Corporation was one of them. Here is what the fund said:

“Portfolio holdings in the communication services and financials sectors also made strong contributions. Dish Network continues to make progress on the buildout of its greenfield 5G network, with Las Vegas slated to become the first market launched later this year. The company gained credibility, and its stock reacted favorably, after it announced a partnership with Amazon to deploy a 5G cloud-native network using AWS’s cloud infrastructure. While the stock has been volatile in recent quarters, we continue to feel confident in Dish’s long-term prospects, which include competing as a fourth U.S. wireless carrier. Charter Communications has been executing well and benefiting from the growth in residential broadband, which has been accelerated by COVID-19 and should see further support from the Biden Administration’s infrastructure bill, which earmarks $65 billion for broadband buildout. In addition, we expect the company to continue to grow its wireless business, leveraging its mobile virtual network operator (MVNO) relationship with Verizon. The company continues to generate strong and growing free cash flow and deploys it toward consistent and material share buybacks.”

You can also take a peek at 10 Cheap Small-Cap Stocks to Buy and 10 Penny Stocks with Upcoming Growth Catalysts.

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