From Yahoo Finance: 2025-03-29 10:03:00

Jericho Capital Asset Management, founded in 2009 by Josh Resnick, specializes in long/short equity strategies. The firm manages approximately $7 billion in 13F securities, with a concentrated portfolio focusing on technology, media, and telecommunications sectors. Resnick’s background includes roles at TCS Capital and KPE Ventures, emphasizing growth opportunities and strategic investments.

Affirm Holdings, Inc. (NASDAQ:AFRM) is a top stock pick by Jericho Capital Asset Management, ranking 8th on their list. Affirm is a leading American BNPL lender, reporting strong financial performance with earnings surprise and revenue growth. Challenges include regulatory scrutiny and economic factors affecting consumer spending, highlighting both potential and risks in the stock.

In the fiscal 2025 second quarter, Affirm Holdings, Inc. (NASDAQ:AFRM) surpassed market expectations with earnings of $0.23 per share and revenues of $866.38 million. The company’s BNPL services have gained traction, driving growth and outperforming consensus estimates consistently. Affirm continues to strengthen its market position while navigating regulatory challenges in the industry.

Jericho Capital’s investment approach involves a long/short strategy to capitalize on market inefficiencies and high-growth opportunities. Resnick’s background in finance and investment, along with the firm’s expertise in TMT sectors, positions Jericho Capital as a key player in the hedge fund industry. Their investment style appeals to investors seeking alternative strategies with potential for high returns.

Jericho Capital’s portfolio includes a moderately concentrated selection of top holdings, indicating a high-conviction investment strategy. The firm’s focus on technology, media, and telecommunications sectors aligns with their belief in innovation-driven industries. Resnick’s leadership and expertise, combined with the firm’s disciplined investment framework, make Jericho Capital a notable choice for investors seeking long-term gains.



Read more at Yahoo Finance: Affirm Holdings, Inc. (AFRM) Among 10 Best Stocks to Buy According to Jericho Capital Asset Management