Jericho Capital reports 9.1% MSGE ownership stake
Jericho Capital Asset Management L.P. filed Amendment No. 2 to a Schedule 13G reporting a passive ownership stake in Madison Square Garden Entertainment Corp. Class A common stock.
Rhea-AI Filing Summary
Jericho Capital Asset Management L.P. filed Amendment No. 2 to a Schedule 13G reporting a passive ownership stake in Madison Square Garden Entertainment Corp. Class A common stock. Jericho and Josh Resnick each report beneficial ownership of 3,662,724 shares, representing 9.1% of the class as of the reporting date.
They report shared voting and dispositive power over all 3,662,724 shares and no sole power. Jericho is the investment adviser to certain funds and accounts that are entitled to dividends and sale proceeds. The filers certify the position is held in the ordinary course of business and not for the purpose of changing or influencing control, consistent with a passive 13G filing.
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Insights
Large passive holder discloses 9.1% stake in MSGE.
Jericho Capital Asset Management L.P. and Josh Resnick report beneficial ownership of 3,662,724 Madison Square Garden Entertainment Class A shares, equal to 9.1% of the class. All voting and dispositive authority is reported as shared, with no sole control over the position.
The shares are held for certain funds and accounts advised by Jericho, which receive dividends and sale proceeds. The filers certify the stake is held in the ordinary course and not to change or influence control, signaling a passive institutional position rather than an activist campaign based on this disclosure alone.
Future ownership reports or any change from a passive 13G to an activist-style 13D would be notable, but this amendment itself mainly updates the size and structure of an existing significant stake as of 12/31/2025.
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