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 |
RFMD
RF MICRO DEVICES INC
RFMD
|
+$41.8M |
| 2 |
Baidu
BIDU
|
+$39.5M |
| 3 |
Alibaba
BABA
|
+$37.3M |
| 4 |
INFN
Infinera Corporation Common Stock
INFN
|
+$18.9M |
| 5 |
Silicon Motion
SIMO
|
+$18.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
|
+$61.3M |
| 2 |
TripAdvisor
TRIP
|
+$41M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$35.6M |
| 4 |
JMEI
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
|
+$35.5M |
| 5 |
WUBA
58.com Inc
WUBA
|
+$27.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 56.37% |
| 2 | Communication Services | 16.39% |
| 3 | Consumer Discretionary | 16.08% |
| 4 | Energy | 0% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Amazon
AMZN
$2.79T
| – | – |
-495,360
| Closed | -$8.04M |
|
27
Criteo S.A.
CRTO
$855M
| – | – |
-448,887
| Closed | -$15.2M |
|
|
28
TripAdvisor
TRIP
$1.17B
| – | – |
-377,628
| Closed | -$41M |
|
29
Yelp
YELP
$1.27B
| – | – |
-211,022
| Closed | -$16.2M |
|
|
NBIS
30
Nebius Group N.V.
NBIS
$59.6B
| – | – |
-238,012
| Closed | -$8.48M |
|
|
WUBA
31
DELISTED
58.com Inc
WUBA
| – | – |
-512,026
| Closed | -$27.7M |
|
|
JMEI
32
DELISTED
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
| – | – |
-130,683
| Closed | -$35.5M |
|
|
IDTI
33
DELISTED
Integrated Device Technology I
IDTI
| – | – |
-530,000
| Closed | -$8.19M |
|
|
ACTA
34
DELISTED
Actua Corp
ACTA
| – | – |
-357,555
| Closed | -$7.47M |
|
|
YHOO
35
DELISTED
Yahoo Inc
YHOO
| – | – |
-1,014,331
| Closed | -$35.6M |
|
|
QIHU
36
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| – | – |
-665,819
| Closed | -$61.3M |
|
Similar funds
Alex Sacerdote's Q3 2014 Portfolio in Review
As of Q3 2014, Alex Sacerdote held 36 positions worth $771M, down 0.5% from $775M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Alex Sacerdote withdrew a net $32.9M in Q3 2014, closing 11 positions and reducing 8 holdings. Its most notable exit was QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS, an estimated $61.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 56% of assets, up from 50% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Alex Sacerdote opened a new position in RF MICRO DEVICES INC worth $42.8M.
- Alex Sacerdote's largest Q3 2014 buy was RF MICRO DEVICES INC: 3,712,005 shares worth $42.8M.
- Alex Sacerdote added most to TEXTURA CORPORATION COM in Q3 2014, an estimated $18.6M increase.
- Alex Sacerdote's biggest Q3 2014 reduction was JD.com, cutting an estimated $8.52M.
- Alex Sacerdote fully exited QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS in Q3 2014, selling an estimated $61.3M.
- Alex Sacerdote's ten largest holdings make up 57% of its $771M portfolio in Q3 2014.
- Alex Sacerdote opened 8 new positions and closed 11 in Q3 2014.
- Alex Sacerdote's portfolio value fell 0.5% quarter-over-quarter to $771M.
Based on Whale Rock Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.