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AS

Alex Sacerdote Whale Rock Capital Management

AUM $12.5B
1-Year Est. Return 306.52%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+25.47%
1 Year Est. Return
+306.52%
3 Year Est. Return
+1,326.44%
5 Year Est. Return
+2,109.16%
10 Year Est. Return
+60,695.71%
AUM
$4.49B
AUM Growth
+$988M
Cap. Flow
+$391M
Cap. Flow %
8.71%
Top 10 Hldgs %
51.3%
Holding
44
New
11
Increased
9
Reduced
14
Closed
9

Top Buys

Rank Stock Value
1
WDAY icon
Workday
WDAY
+$160M
2
CRM icon
Salesforce
CRM
+$135M
3
OKTA icon
Okta
OKTA
+$135M
4
NOW icon
ServiceNow
NOW
+$117M
5
PS
Pluralsight, Inc. Class A Common Stock
PS
+$91.8M

Top Sells

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$117M
2
TLND
Talend S.A. American Depositary Shares
TLND
+$88.8M
3
Z icon
Zillow
Z
+$77.4M
4
AVLR
Avalara, Inc.
AVLR
+$64.3M
5
HUBS icon
HubSpot
HUBS
+$64.1M

Sector Composition

Rank Sector Weight
1 Technology 64.45%
2 Communication Services 20.23%
3 Consumer Discretionary 14.89%
4 Industrials 0.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVNA icon
26
Carvana
CVNA
$76.9B
$67.5M 1.5%
5,710,885
+1,499,510
+36% +$16.1M
LNW
27
DELISTED
Light & Wonder
LNW
$66.3M 1.48%
2,608,959
-1,666
-0.1% -$60.4K
MPWR icon
28
Monolithic Power Systems
MPWR
$64.7B
$39.8M 0.89%
317,073
-202
-0.1% -$28.2K
MIME
29
DELISTED
Mimecast Limited
MIME
$38.3M 0.85%
915,488
-290,643
-24% -$11.8M
PTC icon
30
PTC
PTC
$16.8B
$38M 0.85%
+357,638
New +$34.9M
SMAR
31
DELISTED
Smartsheet Inc.
SMAR
$20M 0.45%
+639,153
New +$17M
FTCH
32
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
$19.1M 0.42%
+700,000
New +$19.8M
KLIC icon
33
Kulicke & Soffa
KLIC
$4.49B
$12.7M 0.28%
530,907
-1,680,508
-76% -$43.6M
EB
34
DELISTED
Eventbrite
EB
$3.04M 0.07%
+80,000
New +$2.89M
MNTV
35
DELISTED
Momentive Global Inc. Common Stock
MNTV
$1.6M 0.04%
+100,000
New +$1.65M
HUBS icon
36
HubSpot
HUBS
$12B
– –
-511,345
Closed -$64.1M
INTC icon
37
Intel
INTC
$476B
– –
-1,067,075
Closed -$53M
LITE icon
38
Lumentum
LITE
$77.7B
– –
-940,341
Closed -$54.4M
Z icon
39
Zillow
Z
$8.07B
– –
-1,311,348
Closed -$77.4M
SPLK
40
DELISTED
Splunk Inc
SPLK
– –
-319,104
Closed -$31.6M
VMW
41
DELISTED
VMware, Inc
VMW
– –
-793,751
Closed -$117M
AVLR
42
DELISTED
Avalara, Inc.
AVLR
– –
-1,205,562
Closed -$64.3M
PFPT
43
DELISTED
Proofpoint, Inc.
PFPT
– –
-260,864
Closed -$30.1M
ELLI
44
DELISTED
Ellie Mae Inc
ELLI
– –
-429,237
Closed -$44.6M
1
2

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Alex Sacerdote's Q3 2018 Portfolio in Review

As of Q3 2018, Alex Sacerdote held 44 positions worth $4.49B, up 28% from $3.5B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Alex Sacerdote deployed $391M of net new capital in Q3 2018, opening 11 new positions and adding to 9 existing holdings. Its largest new stake was Workday: 1,149,413 shares worth $168M.

By sector, the portfolio is most concentrated in Technology at 64% of assets, up from 60% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was Talend S.A. American Depositary Shares, an estimated $88.8M trimmed.

  • Alex Sacerdote's largest Q3 2018 buy was Workday: 1,149,413 shares worth $168M.
  • Alex Sacerdote added most to Dayforce in Q3 2018, an estimated $71.7M increase.
  • Alex Sacerdote's biggest Q3 2018 reduction was Talend S.A. American Depositary Shares, cutting an estimated $88.8M.
  • Alex Sacerdote fully exited VMware, Inc in Q3 2018, selling an estimated $117M.
  • Alex Sacerdote's ten largest holdings make up 51% of its $4.49B portfolio in Q3 2018.
  • Alex Sacerdote opened 11 new positions and closed 9 in Q3 2018.
  • Alex Sacerdote's portfolio value rose 28% quarter-over-quarter to $4.49B.

Based on Whale Rock Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.