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 |
Tesla
TSLA
|
+$60.8M |
| 2 |
Alibaba
BABA
|
+$45.2M |
| 3 |
RingCentral
RNG
|
+$35.7M |
| 4 |
LNW
Light & Wonder
LNW
|
+$33.7M |
| 5 |
Box
BOX
|
+$32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Optoelectronics
AAOI
|
+$64.9M |
| 2 |
Netflix
NFLX
|
+$53.3M |
| 3 |
Gen Digital
GEN
|
+$50.6M |
| 4 |
NVIDIA
NVDA
|
+$47.9M |
| 5 |
Microsoft
MSFT
|
+$46.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 51.07% |
| 2 | Consumer Discretionary | 30% |
| 3 | Communication Services | 18.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cognex
CGNX
$10.2B
| $17.1M | 1.19% |
+401,964
| New | +$17.9M |
|
27
Appian
APPN
$2.74B
| $4.45M | 0.31% |
+244,993
| New | +$4.43M |
|
28
Okta
OKTA
$23.5B
| $2.17M | 0.15% |
+94,952
| New | +$2.35M |
|
|
29
Applied Optoelectronics
AAOI
$10.6B
| – | – |
-1,155,356
| Closed | -$64.9M |
|
|
30
Gen Digital
GEN
$17.3B
| – | – |
-1,648,826
| Closed | -$50.6M |
|
31
PUT
Host Hotels & Resorts
HST
$15.9B
| – | – |
-2,000,000
| Closed | -$37.3M |
|
32
PUT
Meta Platforms (Facebook)
META
$1.4T
| – | – |
-460,000
| Closed | -$65.3M |
|
|
33
Microsoft
MSFT
$3.59T
| – | – |
-708,096
| Closed | -$46.6M |
|
34
MaxLinear
MXL
$6.04B
| – | – |
-1,224,602
| Closed | -$34.4M |
|
35
PUT
ServiceNow
NOW
$133B
| – | – |
-2,000,000
| Closed | -$35M |
|
|
36
NVIDIA
NVDA
$5.2T
| – | – |
-17,602,720
| Closed | -$47.9M |
|
37
PUT
iShares S&P 100 ETF
OEF
$20.3B
| – | – |
-1,100,000
| Closed | -$151M |
|
38
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| – | – |
-350,000
| Closed | -$82.5M |
|
|
ACIA
39
DELISTED
Acacia Communications Inc
ACIA
| – | – |
-400,928
| Closed | -$23.5M |
|
|
QTNA
40
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| – | – |
-912,601
| Closed | -$19M |
|
|
OCLR
41
DELISTED
Oclaro Inc.
OCLR
| – | – |
-4,686,495
| Closed | -$46M |
|
Similar funds
Alex Sacerdote's Q2 2017 Portfolio in Review
As of Q2 2017, Alex Sacerdote held 41 positions worth $1.43B, down 22% from $1.84B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Alex Sacerdote withdrew a net $546M in Q2 2017, closing 13 positions and reducing 9 holdings. Its most notable exit was Applied Optoelectronics, an estimated $64.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 48% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Alex Sacerdote opened a new position in Tesla worth $66.6M.
- Alex Sacerdote's largest Q2 2017 buy was Tesla: 2,762,670 shares worth $66.6M.
- Alex Sacerdote added most to Alibaba in Q2 2017, an estimated $45.2M increase.
- Alex Sacerdote's biggest Q2 2017 reduction was Netflix, cutting an estimated $53.3M.
- Alex Sacerdote fully exited Applied Optoelectronics in Q2 2017, selling an estimated $64.9M.
- Alex Sacerdote's ten largest holdings make up 61% of its $1.43B portfolio in Q2 2017.
- Alex Sacerdote opened 11 new positions and closed 13 in Q2 2017.
- Alex Sacerdote's portfolio value fell 22% quarter-over-quarter to $1.43B.
Based on Whale Rock Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.