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 |
TLND
Talend S.A. American Depositary Shares
TLND
|
+$160M |
| 2 |
MongoDB
MDB
|
+$147M |
| 3 |
VMW
VMware, Inc
VMW
|
+$109M |
| 4 |
Zillow
Z
|
+$72.7M |
| 5 |
HubSpot
HUBS
|
+$60.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPLK
Splunk Inc
SPLK
|
+$122M |
| 2 |
Mercado Libre
MELI
|
+$106M |
| 3 |
MULE
MuleSoft, Inc.
MULE
|
+$103M |
| 4 |
PFPT
Proofpoint, Inc.
PFPT
|
+$100M |
| 5 |
XYZ
Block Inc
XYZ
|
+$76.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 60.18% |
| 2 | Communication Services | 22.27% |
| 3 | Consumer Discretionary | 17.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DAY
26
DELISTED
Dayforce
DAY
| $48.3M | 1.38% |
+1,456,468
| New | +$51.3M |
|
|
ELLI
27
DELISTED
Ellie Mae Inc
ELLI
| $44.6M | 1.27% |
429,237
-274,298
| -39% | -$27.8M |
|
28
Monolithic Power Systems
MPWR
$64.7B
| $42.4M | 1.21% |
317,275
-204
| -0.1% | -$26K |
|
|
SAIL
29
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $39.5M | 1.13% |
+1,610,822
| New | +$39.2M |
|
30
Carvana
CVNA
$76.9B
| $35M | 1% |
+4,211,375
| New | +$25.4M |
|
31
Roku
ROKU
$23.4B
| $32M | 0.91% |
+750,170
| New | +$27.4M |
|
|
SPLK
32
DELISTED
Splunk Inc
SPLK
| $31.6M | 0.9% |
319,104
-1,123,576
| -78% | -$122M |
|
|
PFPT
33
DELISTED
Proofpoint, Inc.
PFPT
| $30.1M | 0.86% |
260,864
-824,093
| -76% | -$100M |
|
34
ASML
ASML
$677B
| – | – |
-340,374
| Closed | -$67.6M |
|
|
35
Mercado Libre
MELI
$97.5B
| – | – |
-296,243
| Closed | -$106M |
|
36
Micron Technology
MU
$1.09T
| – | – |
-1,015,678
| Closed | -$53M |
|
|
PRO
37
DELISTED
PROS Holdings
PRO
| – | – |
-839,796
| Closed | -$27.7M |
|
|
JOYY
38
JOYY Inc
JOYY
$3.71B
| – | – |
-608,267
| Closed | -$64M |
|
|
AYX
39
DELISTED
Alteryx Inc
AYX
| – | – |
-1,187,391
| Closed | -$40.5M |
|
|
MULE
40
DELISTED
MuleSoft, Inc.
MULE
| – | – |
-2,353,158
| Closed | -$103M |
|
|
RHT
41
DELISTED
Red Hat Inc
RHT
| – | – |
-382,396
| Closed | -$57.2M |
|
Similar funds
Alex Sacerdote's Q2 2018 Portfolio in Review
As of Q2 2018, Alex Sacerdote held 41 positions worth $3.5B, up 19% from $2.94B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Alex Sacerdote deployed $155M of net new capital in Q2 2018, opening 11 new positions and adding to 10 existing holdings. Its largest new stake was Talend S.A. American Depositary Shares: 2,935,810 shares worth $183M.
By sector, the portfolio is most concentrated in Technology at 60% of assets, up from 57% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Splunk Inc, an estimated $122M trimmed.
- Alex Sacerdote's largest Q2 2018 buy was Talend S.A. American Depositary Shares: 2,935,810 shares worth $183M.
- Alex Sacerdote added most to MongoDB in Q2 2018, an estimated $147M increase.
- Alex Sacerdote's biggest Q2 2018 reduction was Splunk Inc, cutting an estimated $122M.
- Alex Sacerdote fully exited Mercado Libre in Q2 2018, selling an estimated $106M.
- Alex Sacerdote's ten largest holdings make up 56% of its $3.5B portfolio in Q2 2018.
- Alex Sacerdote opened 11 new positions and closed 8 in Q2 2018.
- Alex Sacerdote's portfolio value rose 19% quarter-over-quarter to $3.5B.
Based on Whale Rock Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.