SCHEDULE 13G/A: Jericho Capital and Josh Resnick Disclose 7.0% Stake in Madison Square Garden Entertainment
Beneficial Ownership Report
Jericho Capital Asset Management L.P. and Josh Resnick have jointly disclosed a beneficial ownership of 7.0% of Madison Square Garden Entertainment Corp.'s Class A Common Stock.
Summary
- Jericho Capital Asset Management L.P. and Josh Resnick have filed an Amendment No. 1 to Schedule 13G, reporting their beneficial ownership in Madison Square Garden Entertainment Corp.
- As of March 31, 2025, both Jericho Capital Asset Management L.P. and Josh Resnick beneficially own 2,885,724 shares of Class A Common Stock.
- This aggregate amount represents 7.0% of the Class A Common Stock outstanding.
- Both reporting persons hold shared voting power and shared dispositive power over all 2,885,724 shares.
- Jericho Capital Asset Management L.P. is identified as an investment adviser (IA) and a partnership (PN), while Josh Resnick is identified as a parent holding company (HC) and an individual (IN).
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.
Industry Context
This filing is a standard disclosure of a significant ownership stake by an investment firm and its principal in a publicly traded entertainment company. Such filings provide transparency regarding large institutional and individual holdings, which can sometimes signal investor confidence or potential strategic interest in the company's future.
Stakeholder Impact
- Shareholders: Increased transparency regarding significant institutional ownership, which may influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement, indicating the beneficial ownership percentage. |
| 05/15/2025 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
Madison Square Garden Entertainment Corp., MSG Entertainment, Jericho Capital Asset Management, Josh Resnick, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Investment Management, Equity Stake
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