Alex Sacerdote Whale Rock Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JMEI
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
|
+$34.5M |
| 2 |
Micron Technology
MU
|
+$32.7M |
| 3 |
JD.com
JD
|
+$28.3M |
| 4 |
Booking.com
BKNG
|
+$26.4M |
| 5 |
DATA
Tableau Software, Inc.
DATA
|
+$23.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
P
Pandora Media Inc
P
|
+$30.8M |
| 2 |
Amazon
AMZN
|
+$26.1M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$17.1M |
| 4 |
INVN
Invensense Inc
INVN
|
+$16.2M |
| 5 |
HIMX
Himax Technologies
HIMX
|
+$16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 49.89% |
| 2 | Communication Services | 20.58% |
| 3 | Consumer Discretionary | 19.51% |
| 4 | Energy | 4.6% |
| 5 | Industrials | 4.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ACTA
26
DELISTED
Actua Corp
ACTA
| $7.47M | 0.96% |
357,555
-78,293
| -18% | -$1.56M |
|
27
PUT
IBM
IBM
$222B
| $6.5M | 0.84% |
193,405
-628
| -0.3% | -$113K |
|
28
WIX.com
WIX
$3.43B
| $5.94M | 0.77% |
+299,249
| New | +$5.65M |
|
29
EPAM Systems
EPAM
$5.69B
| – | – |
-350,338
| Closed | -$11.5M |
|
|
HIMX
30
Himax Technologies
HIMX
$2.41B
| – | – |
-1,390,050
| Closed | -$16M |
|
31
Meta Platforms (Facebook)
META
$1.4T
| – | – |
-94,979
| Closed | -$5.72M |
|
|
TFCFA
32
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| – | – |
-60,514
| Closed | -$1.94M |
|
|
TFCF
33
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| – | – |
-298,644
| Closed | -$9.29M |
|
|
P
34
DELISTED
Pandora Media Inc
P
| – | – |
-1,014,341
| Closed | -$30.8M |
|
|
INVN
35
DELISTED
Invensense Inc
INVN
| – | – |
-684,176
| Closed | -$16.2M |
|
|
ENV
36
DELISTED
ENVESTNET, INC.
ENV
| – | – |
-266,672
| Closed | -$10.7M |
|
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Alex Sacerdote's Q2 2014 Portfolio in Review
As of Q2 2014, Alex Sacerdote held 36 positions worth $775M, up 30% from $595M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Alex Sacerdote deployed $164M of net new capital in Q2 2014, opening 12 new positions and adding to 8 existing holdings. Its largest new stake was Jumei International Holding Limited American depositary shares, each representing ten Class A ordina: 130,683 shares worth $35.5M.
By sector, the portfolio is most concentrated in Technology at 50% of assets, up from 35% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Amazon, an estimated $26.1M trimmed.
- Alex Sacerdote's largest Q2 2014 buy was Jumei International Holding Limited American depositary shares, each representing ten Class A ordina: 130,683 shares worth $35.5M.
- Alex Sacerdote added most to Booking.com in Q2 2014, an estimated $26.4M increase.
- Alex Sacerdote's biggest Q2 2014 reduction was Amazon, cutting an estimated $26.1M.
- Alex Sacerdote fully exited Pandora Media Inc in Q2 2014, selling an estimated $30.8M.
- Alex Sacerdote's ten largest holdings make up 56% of its $775M portfolio in Q2 2014.
- Alex Sacerdote opened 12 new positions and closed 8 in Q2 2014.
- Alex Sacerdote's portfolio value rose 30% quarter-over-quarter to $775M.
Based on Whale Rock Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.