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Alex Sacerdote Whale Rock Capital Management

AUM $12.5B
1-Year Est. Return 306.52%
 

Alex Sacerdote is the founder of Whale Rock Capital Management, a technology-focused long/short equity firm. The firm researches software, internet, semiconductors, and other innovation-driven industries with an emphasis on fundamental change. Whale Rock’s holdings often surface in discussions of high-growth technology leadership and cyclical tech opportunity.

This Fund
S&P 500
This Quarter Est. Return
+8.07%
1 Year Est. Return
+306.52%
3 Year Est. Return
+1,326.44%
5 Year Est. Return
+2,109.16%
10 Year Est. Return
+60,695.71%
AUM
$595M
AUM Growth
-$38M
Cap. Flow
-$70.4M
Cap. Flow %
-11.83%
Top 10 Hldgs %
67.31%
Holding
34
New
8
Increased
4
Reduced
12
Closed
9

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$31.5M
2
WUBA
58.com Inc
WUBA
+$14.6M
3
AAPL icon
Apple
AAPL
+$14.5M
4
INVN
Invensense Inc
INVN
+$14.3M
5
ENV
ENVESTNET, INC.
ENV
+$11.4M

Top Sells

Rank Stock Value
1
MLCO icon
Melco Resorts & Entertainment
MLCO
+$24.8M
2
BKNG icon
Booking.com
BKNG
+$18.8M
3
SPLK
Splunk Inc
SPLK
+$15.8M
4
ASML icon
ASML
ASML
+$13.8M
5
TWX
Time Warner Inc
TWX
+$13.6M

Sector Composition

Rank Sector Weight
1 Technology 35.5%
2 Communication Services 25.72%
3 Consumer Discretionary 20.48%
4 Energy 9.06%
5 Industrials 1.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PPLI
26
People Inc
PPLI
$2.86B
– –
-963,803
Closed -$11.8M
MA icon
27
Mastercard
MA
$509B
– –
-144,250
Closed -$12.1M
MLCO icon
28
Melco Resorts & Entertainment
MLCO
$2.09B
– –
-632,853
Closed -$24.8M
PARA
29
DELISTED
Paramount Global Class B
PARA
– –
-174,164
Closed -$11.1M
SPLK
30
DELISTED
Splunk Inc
SPLK
– –
-229,726
Closed -$15.8M
MDSO
31
DELISTED
Medidata Solutions, Inc.
MDSO
– –
-183,152
Closed -$11.1M
TWX
32
DELISTED
Time Warner Inc
TWX
– –
-204,156
Closed -$13.6M
HOT
33
PUT
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
– –
-385,400
Closed -$30.6M
1
2

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Alex Sacerdote's Q1 2014 Portfolio in Review

As of Q1 2014, Alex Sacerdote held 34 positions worth $595M, down 6% from $634M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Alex Sacerdote withdrew a net $70.4M in Q1 2014, closing 9 positions and reducing 12 holdings. Its most notable exit was Melco Resorts & Entertainment, an estimated $24.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Alex Sacerdote opened a new position in Microsoft worth $34.4M.

  • Alex Sacerdote's largest Q1 2014 buy was Microsoft: 838,828 shares worth $34.4M.
  • Alex Sacerdote added most to QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS in Q1 2014, an estimated $4.61M increase.
  • Alex Sacerdote's biggest Q1 2014 reduction was Booking.com, cutting an estimated $18.8M.
  • Alex Sacerdote fully exited Melco Resorts & Entertainment in Q1 2014, selling an estimated $24.8M.
  • Alex Sacerdote's ten largest holdings make up 67% of its $595M portfolio in Q1 2014.
  • Alex Sacerdote opened 8 new positions and closed 9 in Q1 2014.
  • Alex Sacerdote's portfolio value fell 6% quarter-over-quarter to $595M.

Based on Whale Rock Capital Management's 13F filing for Q1 2014, filed 15 May 2014.