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 |
NVIDIA
NVDA
|
+$86.7M |
| 2 |
ASML
ASML
|
+$59.9M |
| 3 |
Kulicke & Soffa
KLIC
|
+$57.3M |
| 4 |
Lumentum
LITE
|
+$42.7M |
| 5 |
XYZ
Block Inc
XYZ
|
+$40.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$60.8M |
| 2 |
Fabrinet
FN
|
+$37.9M |
| 3 |
Box
BOX
|
+$32.4M |
| 4 |
FIVE9
FIVN
|
+$21.3M |
| 5 |
CEVA Inc
CEVA
|
+$21.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 53.11% |
| 2 | Consumer Discretionary | 26.27% |
| 3 | Communication Services | 19.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Micron Technology
MU
$1.09T
| $24.4M | 1.27% |
+619,615
| New | +$19.6M |
|
|
JOYY
27
JOYY Inc
JOYY
$3.71B
| $23.8M | 1.24% |
+274,795
| New | +$20M |
|
28
BlackLine
BL
$1.85B
| $23.7M | 1.23% |
+694,270
| New | +$23.5M |
|
|
HIMX
29
Himax Technologies
HIMX
$2.41B
| $18.9M | 0.99% |
+1,733,687
| New | +$15.7M |
|
30
Appian
APPN
$2.74B
| $6.96M | 0.36% |
244,457
-536
| -0.2% | -$11.7K |
|
31
Okta
OKTA
$23.5B
| $2.67M | 0.14% |
94,745
-207
| -0.2% | -$5.25K |
|
|
MULE
32
DELISTED
MuleSoft, Inc.
MULE
| $1.96M | 0.1% |
+97,465
| New | +$2.17M |
|
33
Roku
ROKU
$23.4B
| $1.33M | 0.07% |
+50,000
| New | +$1.25M |
|
|
34
Apple
AAPL
$4.51T
| – | – |
-1,688,344
| Closed | -$60.8M |
|
|
35
Box
BOX
$4.56B
| – | – |
-1,775,308
| Closed | -$32.4M |
|
|
36
CEVA Inc
CEVA
$788M
| – | – |
-468,040
| Closed | -$21.3M |
|
|
37
FIVE9
FIVN
$2.45B
| – | – |
-989,592
| Closed | -$21.3M |
|
|
38
Fabrinet
FN
$15.6B
| – | – |
-888,013
| Closed | -$37.9M |
|
39
MACOM Technology Solutions
MTSI
$20.4B
| – | – |
-307,247
| Closed | -$17.1M |
|
Similar funds
Alex Sacerdote's Q3 2017 Portfolio in Review
As of Q3 2017, Alex Sacerdote held 39 positions worth $1.92B, up 35% from $1.43B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Alex Sacerdote deployed $328M of net new capital in Q3 2017, opening 11 new positions and adding to 8 existing holdings. Its largest new stake was NVIDIA: 20,847,200 shares worth $93.2M.
By sector, the portfolio is most concentrated in Technology at 53% of assets, up from 51% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Instructure, Inc., an estimated $20.1M trimmed.
- Alex Sacerdote's largest Q3 2017 buy was NVIDIA: 20,847,200 shares worth $93.2M.
- Alex Sacerdote added most to Lumentum in Q3 2017, an estimated $42.7M increase.
- Alex Sacerdote's biggest Q3 2017 reduction was Instructure, Inc., cutting an estimated $20.1M.
- Alex Sacerdote fully exited Apple in Q3 2017, selling an estimated $60.8M.
- Alex Sacerdote's ten largest holdings make up 58% of its $1.92B portfolio in Q3 2017.
- Alex Sacerdote opened 11 new positions and closed 6 in Q3 2017.
- Alex Sacerdote's portfolio value rose 35% quarter-over-quarter to $1.92B.
Based on Whale Rock Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.