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 |
Gen Digital
GEN
|
+$67.4M |
| 2 |
ININ
Interactive Intelligence Group, inc.
ININ
|
+$27.4M |
| 3 |
ACIA
Acacia Communications Inc
ACIA
|
+$26.9M |
| 4 |
ELLI
Ellie Mae Inc
ELLI
|
+$26.5M |
| 5 |
Strategy Inc
MSTR
|
+$22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$41M |
| 2 |
Palo Alto Networks
PANW
|
+$29.1M |
| 3 |
Apple
AAPL
|
+$26.6M |
| 4 |
PFPT
Proofpoint, Inc.
PFPT
|
+$23.2M |
| 5 |
LendingTree
TREE
|
+$17.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 67.36% |
| 2 | Communication Services | 16.66% |
| 3 | Consumer Discretionary | 15.98% |
| 4 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Wayfair
W
$13.9B
| $15.8M | 1.31% |
405,727
+52,571
| +15% | +$2.1M |
|
27
PTC
PTC
$16.8B
| $11.3M | 0.94% |
+299,470
| New | +$10.7M |
|
|
IPHI
28
DELISTED
INPHI CORPORATION
IPHI
| $11M | 0.91% |
343,748
-106,259
| -24% | -$3.33M |
|
|
WUBA
29
DELISTED
58.com Inc
WUBA
| $7.33M | 0.61% |
159,834
-66,239
| -29% | -$3.42M |
|
30
Yelp
YELP
$1.27B
| $4.55M | 0.38% |
+150,000
| New | +$3.65M |
|
31
Twilio
TWLO
$34.6B
| $3.65M | 0.3% |
+100,000
| New | +$3.1M |
|
32
Applied Optoelectronics
AAOI
$10.6B
| – | – |
-730,804
| Closed | -$10.9M |
|
|
33
Apple
AAPL
$4.51T
| – | – |
-975,140
| Closed | -$26.6M |
|
|
EA
34
DELISTED
Electronic Arts
EA
| – | – |
-185,388
| Closed | -$12.3M |
|
35
Netflix
NFLX
$331B
| – | – |
-1,249,880
| Closed | -$12.8M |
|
|
36
Palo Alto Networks
PANW
$292B
| – | – |
-1,070,712
| Closed | -$29.1M |
|
37
Atlassian
TEAM
$43.5B
| – | – |
-237,198
| Closed | -$5.97M |
|
|
38
LendingTree
TREE
$433M
| – | – |
-175,041
| Closed | -$17.1M |
|
39
Vipshop
VIPS
$6.98B
| – | – |
-971,719
| Closed | -$12.5M |
|
|
PFPT
40
DELISTED
Proofpoint, Inc.
PFPT
| – | – |
-430,486
| Closed | -$23.2M |
|
Similar funds
Alex Sacerdote's Q2 2016 Portfolio in Review
As of Q2 2016, Alex Sacerdote held 40 positions worth $1.2B, up 12% from $1.08B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Alex Sacerdote deployed $56.9M of net new capital in Q2 2016, opening 5 new positions and adding to 13 existing holdings. Its largest new stake was Gen Digital: 3,745,802 shares worth $76.9M.
By sector, the portfolio is most concentrated in Technology at 67% of assets, up from 64% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Microsoft, an estimated $41M trimmed.
- Alex Sacerdote's largest Q2 2016 buy was Gen Digital: 3,745,802 shares worth $76.9M.
- Alex Sacerdote added most to Interactive Intelligence Group, inc. in Q2 2016, an estimated $27.4M increase.
- Alex Sacerdote's biggest Q2 2016 reduction was Microsoft, cutting an estimated $41M.
- Alex Sacerdote fully exited Palo Alto Networks in Q2 2016, selling an estimated $29.1M.
- Alex Sacerdote's ten largest holdings make up 62% of its $1.2B portfolio in Q2 2016.
- Alex Sacerdote opened 5 new positions and closed 9 in Q2 2016.
- Alex Sacerdote's portfolio value rose 12% quarter-over-quarter to $1.2B.
Based on Whale Rock Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.