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 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$45.2M |
| 2 |
Apple
AAPL
|
+$39.6M |
| 3 |
GIMO
Gigamon Inc.
GIMO
|
+$39.6M |
| 4 |
Microsoft
MSFT
|
+$33.9M |
| 5 |
NetEase
NTES
|
+$17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ININ
Interactive Intelligence Group, inc.
ININ
|
+$62.2M |
| 2 |
Strategy Inc
MSTR
|
+$33.2M |
| 3 |
ACIA
Acacia Communications Inc
ACIA
|
+$29.4M |
| 4 |
HubSpot
HUBS
|
+$28.2M |
| 5 |
ZEN
ZENDESK INC
ZEN
|
+$26.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 51.32% |
| 2 | Communication Services | 17.86% |
| 3 | Consumer Discretionary | 15.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VG
26
DELISTED
Vonage Holdings Corporation
VG
| $15.5M | 1% |
+2,338,943
| New | +$14.1M |
|
|
IPHI
27
DELISTED
INPHI CORPORATION
IPHI
| $14.9M | 0.96% |
343,317
-431
| -0.1% | -$16.6K |
|
28
Applied Optoelectronics
AAOI
$10.6B
| $14.6M | 0.94% |
+659,431
| New | +$10.2M |
|
29
Yelp
YELP
$1.27B
| $11.4M | 0.73% |
272,960
+122,960
| +82% | +$4.31M |
|
30
Nutanix
NTNX
$18.3B
| $1.85M | 0.12% |
+50,000
| New | +$1.85M |
|
31
Trade Desk
TTD
$6.19B
| $438K | 0.03% |
+150,000
| New | +$443K |
|
|
GSUM
32
DELISTED
Gridsum Holding Inc.
GSUM
| $253K | 0.02% |
+15,000
| New | +$247K |
|
33
Adobe
ADBE
$109B
| – | – |
-173,062
| Closed | -$16.6M |
|
|
34
HubSpot
HUBS
$12B
| – | – |
-648,407
| Closed | -$28.2M |
|
|
35
Strategy Inc
MSTR
$47.4B
| – | – |
-1,899,300
| Closed | -$33.2M |
|
36
PTC
PTC
$16.8B
| – | – |
-299,470
| Closed | -$11.3M |
|
37
Twilio
TWLO
$34.6B
| – | – |
-100,000
| Closed | -$3.65M |
|
|
NEWR
38
DELISTED
New Relic, Inc.
NEWR
| – | – |
-695,758
| Closed | -$20.4M |
|
|
ACIA
39
DELISTED
Acacia Communications Inc
ACIA
| – | – |
-735,306
| Closed | -$29.4M |
|
|
WUBA
40
DELISTED
58.com Inc
WUBA
| – | – |
-159,834
| Closed | -$7.33M |
|
|
ININ
41
DELISTED
Interactive Intelligence Group, inc.
ININ
| – | – |
-1,517,103
| Closed | -$62.2M |
|
Similar funds
Alex Sacerdote's Q3 2016 Portfolio in Review
As of Q3 2016, Alex Sacerdote held 41 positions worth $1.55B, up 29% from $1.2B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Alex Sacerdote deployed $81.3M of net new capital in Q3 2016, opening 10 new positions and adding to 10 existing holdings. Its largest new stake was ARRIS International plc Ordinary Shares: 1,690,942 shares worth $47.9M.
By sector, the portfolio is most concentrated in Technology at 51% of assets, down from 67% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was ZENDESK INC, an estimated $26.9M trimmed.
- Alex Sacerdote's largest Q3 2016 buy was ARRIS International plc Ordinary Shares: 1,690,942 shares worth $47.9M.
- Alex Sacerdote added most to Microsoft in Q3 2016, an estimated $33.9M increase.
- Alex Sacerdote's biggest Q3 2016 reduction was ZENDESK INC, cutting an estimated $26.9M.
- Alex Sacerdote fully exited Interactive Intelligence Group, inc. in Q3 2016, selling an estimated $62.2M.
- Alex Sacerdote's ten largest holdings make up 61% of its $1.55B portfolio in Q3 2016.
- Alex Sacerdote opened 10 new positions and closed 9 in Q3 2016.
- Alex Sacerdote's portfolio value rose 29% quarter-over-quarter to $1.55B.
Based on Whale Rock Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.