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 |
Microsoft
MSFT
|
+$60.6M |
| 2 |
HubSpot
HUBS
|
+$35M |
| 3 |
Fabrinet
FN
|
+$30.7M |
| 4 |
ININ
Interactive Intelligence Group, inc.
ININ
|
+$23.6M |
| 5 |
PFPT
Proofpoint, Inc.
PFPT
|
+$22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$44.8M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$42M |
| 3 |
Analog Devices
ADI
|
+$39.5M |
| 4 |
ELLI
Ellie Mae Inc
ELLI
|
+$34.4M |
| 5 |
Amazon
AMZN
|
+$26.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 63.51% |
| 2 | Communication Services | 21.29% |
| 3 | Consumer Discretionary | 13.61% |
| 4 | Financials | 1.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Strategy Inc
MSTR
$47.4B
| $12.7M | 1.18% |
+707,030
| New | +$11.5M |
|
|
WUBA
27
DELISTED
58.com Inc
WUBA
| $12.6M | 1.17% |
226,073
-312,758
| -58% | -$17.3M |
|
28
Vipshop
VIPS
$6.98B
| $12.5M | 1.16% |
+971,719
| New | +$12.2M |
|
|
EA
29
DELISTED
Electronic Arts
EA
| $12.3M | 1.14% |
185,388
-313,673
| -63% | -$20M |
|
30
Shopify
SHOP
$192B
| $12.1M | 1.13% |
4,296,320
-3,239,370
| -43% | -$7.67M |
|
31
Applied Optoelectronics
AAOI
$10.6B
| $10.9M | 1.01% |
730,804
-271,880
| -27% | -$4.32M |
|
32
NVIDIA
NVDA
$5.2T
| $10.7M | 0.99% |
12,000,000
-13,180,520
| -52% | -$10.1M |
|
33
EPAM Systems
EPAM
$5.69B
| $10.5M | 0.98% |
141,190
-265,410
| -65% | -$18.3M |
|
34
Monolithic Power Systems
MPWR
$64.7B
| $10.1M | 0.94% |
159,223
-24,501
| -13% | -$1.46M |
|
35
Atlassian
TEAM
$43.5B
| $5.97M | 0.55% |
237,198
-412,802
| -64% | -$9.67M |
|
|
36
Analog Devices
ADI
$182B
| – | – |
-714,737
| Closed | -$39.5M |
|
37
Broadcom
AVGO
$1.75T
| – | – |
-972,140
| Closed | -$14.1M |
|
38
JD.com
JD
$39.7B
| – | – |
-802,990
| Closed | -$25.9M |
|
39
Qorvo
QRVO
$8.43B
| – | – |
-250,387
| Closed | -$12.7M |
|
|
DATA
40
DELISTED
Tableau Software, Inc.
DATA
| – | – |
-107,914
| Closed | -$10.2M |
|
|
ATVI
41
DELISTED
Activision Blizzard
ATVI
| – | – |
-1,084,839
| Closed | -$42M |
|
Similar funds
Alex Sacerdote's Q1 2016 Portfolio in Review
As of Q1 2016, Alex Sacerdote held 41 positions worth $1.08B, down 10% from $1.2B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Alex Sacerdote withdrew a net $116M in Q1 2016, closing 6 positions and reducing 17 holdings. Its most notable exit was Activision Blizzard, an estimated $42M position sold in full.
By sector, the portfolio is most concentrated in Technology at 64% of assets, up from 53% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Alex Sacerdote opened a new position in Microsoft worth $63.9M.
- Alex Sacerdote's largest Q1 2016 buy was Microsoft: 1,156,554 shares worth $63.9M.
- Alex Sacerdote added most to Salesforce in Q1 2016, an estimated $13.5M increase.
- Alex Sacerdote's biggest Q1 2016 reduction was NetEase, cutting an estimated $44.8M.
- Alex Sacerdote fully exited Activision Blizzard in Q1 2016, selling an estimated $42M.
- Alex Sacerdote's ten largest holdings make up 57% of its $1.08B portfolio in Q1 2016.
- Alex Sacerdote opened 8 new positions and closed 6 in Q1 2016.
- Alex Sacerdote's portfolio value fell 10% quarter-over-quarter to $1.08B.
Based on Whale Rock Capital Management's 13F filing for Q1 2016, filed 16 May 2016.