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
|
+$71.4M |
| 2 |
JOYY
JOYY Inc
JOYY
|
+$66.4M |
| 3 |
MULE
MuleSoft, Inc.
MULE
|
+$55.3M |
| 4 |
Amazon
AMZN
|
+$53.5M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$42.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pegasystems
PEGA
|
+$59.4M |
| 2 |
Tesla
TSLA
|
+$53.4M |
| 3 |
NVIDIA
NVDA
|
+$50.7M |
| 4 |
Cognex
CGNX
|
+$49.8M |
| 5 |
XYZ
Block Inc
XYZ
|
+$44.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 44.68% |
| 2 | Consumer Discretionary | 29.45% |
| 3 | Communication Services | 24.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Box
BOX
$4.56B
| $16.9M | 0.78% |
+798,418
| New | +$16.8M |
|
|
PRO
27
DELISTED
PROS Holdings
PRO
| $16.1M | 0.75% |
+608,485
| New | +$15.3M |
|
28
Appian
APPN
$2.74B
| $7.69M | 0.36% |
244,143
-314
| -0.1% | -$7.26K |
|
29
BlackLine
BL
$1.85B
| $6.07M | 0.28% |
185,152
-509,118
| -73% | -$17.8M |
|
|
30
Cognex
CGNX
$10.2B
| – | – |
-903,856
| Closed | -$49.8M |
|
31
Okta
OKTA
$23.5B
| – | – |
-94,745
| Closed | -$2.67M |
|
|
32
Pegasystems
PEGA
$5.52B
| – | – |
-2,059,004
| Closed | -$59.4M |
|
33
Roku
ROKU
$23.4B
| – | – |
-50,000
| Closed | -$1.33M |
|
|
34
Tesla
TSLA
$1.43T
| – | – |
-2,350,080
| Closed | -$53.4M |
|
|
XYZ
35
Block Inc
XYZ
$49.4B
| – | – |
-1,538,955
| Closed | -$44.3M |
|
|
INST
36
DELISTED
Instructure, Inc.
INST
| – | – |
-766,423
| Closed | -$25.4M |
|
|
STMP
37
DELISTED
Stamps.com, Inc.
STMP
| – | – |
-140,407
| Closed | -$28.5M |
|
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Alex Sacerdote's Q4 2017 Portfolio in Review
As of Q4 2017, Alex Sacerdote held 37 positions worth $2.16B, up 12% from $1.92B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Alex Sacerdote deployed $106M of net new capital in Q4 2017, opening 4 new positions and adding to 13 existing holdings. Its largest new stake was Microsoft: 869,972 shares worth $74.4M.
By sector, the portfolio is most concentrated in Technology at 45% of assets, down from 53% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was NVIDIA, an estimated $50.7M trimmed.
- Alex Sacerdote's largest Q4 2017 buy was Microsoft: 869,972 shares worth $74.4M.
- Alex Sacerdote added most to JOYY Inc in Q4 2017, an estimated $66.4M increase.
- Alex Sacerdote's biggest Q4 2017 reduction was NVIDIA, cutting an estimated $50.7M.
- Alex Sacerdote fully exited Pegasystems in Q4 2017, selling an estimated $59.4M.
- Alex Sacerdote's ten largest holdings make up 63% of its $2.16B portfolio in Q4 2017.
- Alex Sacerdote opened 4 new positions and closed 8 in Q4 2017.
- Alex Sacerdote's portfolio value rose 12% quarter-over-quarter to $2.16B.
Based on Whale Rock Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.