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 |
Adobe
ADBE
|
+$67.3M |
| 2 |
JD.com
JD
|
+$65.4M |
| 3 |
Amazon
AMZN
|
+$62.7M |
| 4 |
SMAR
Smartsheet Inc.
SMAR
|
+$50.9M |
| 5 |
Wayfair
W
|
+$37.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Match Group
MTCH
|
+$155M |
| 2 |
Workday
WDAY
|
+$136M |
| 3 |
ServiceNow
NOW
|
+$121M |
| 4 |
MongoDB
MDB
|
+$111M |
| 5 |
TLND
Talend S.A. American Depositary Shares
TLND
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 62.4% |
| 2 | Consumer Discretionary | 20.82% |
| 3 | Communication Services | 15.16% |
| 4 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Wayfair
W
$13.9B
| $32.2M | 1.02% |
+357,111
| New | +$37.6M |
|
27
Carvana
CVNA
$76.9B
| $32.1M | 1.02% |
4,907,090
-803,795
| -14% | -$6.77M |
|
|
28
Workday
WDAY
$49.4B
| $29.9M | 0.95% |
187,560
-961,853
| -84% | -$136M |
|
|
AYX
29
DELISTED
Alteryx Inc
AYX
| $16.7M | 0.53% |
281,516
-1,205,129
| -81% | -$65.4M |
|
|
EB
30
DELISTED
Eventbrite
EB
| – | – |
-80,000
| Closed | -$3.04M |
|
31
Kulicke & Soffa
KLIC
$4.49B
| – | – |
-530,907
| Closed | -$12.7M |
|
|
32
Match Group
MTCH
$9.38B
| – | – |
-2,669,921
| Closed | -$155M |
|
|
33
ServiceNow
NOW
$133B
| – | – |
-3,093,665
| Closed | -$121M |
|
34
PTC
PTC
$16.8B
| – | – |
-357,638
| Closed | -$38M |
|
35
Roku
ROKU
$23.4B
| – | – |
-1,411,788
| Closed | -$103M |
|
|
FTCH
36
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| – | – |
-700,000
| Closed | -$19.1M |
|
|
MNTV
37
DELISTED
Momentive Global Inc. Common Stock
MNTV
| – | – |
-100,000
| Closed | -$1.6M |
|
|
SAIL
38
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| – | – |
-3,043,039
| Closed | -$104M |
|
|
TLND
39
DELISTED
Talend S.A. American Depositary Shares
TLND
| – | – |
-1,526,080
| Closed | -$106M |
|
Similar funds
Alex Sacerdote's Q4 2018 Portfolio in Review
As of Q4 2018, Alex Sacerdote held 39 positions worth $3.14B, down 30% from $4.49B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Alex Sacerdote withdrew a net $593M in Q4 2018, closing 10 positions and reducing 13 holdings. Its most notable exit was Match Group, an estimated $155M position sold in full.
By sector, the portfolio is most concentrated in Technology at 62% of assets, down from 64% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Alex Sacerdote opened a new position in Adobe worth $63M.
- Alex Sacerdote's largest Q4 2018 buy was Adobe: 278,625 shares worth $63M.
- Alex Sacerdote added most to Amazon in Q4 2018, an estimated $62.7M increase.
- Alex Sacerdote's biggest Q4 2018 reduction was Workday, cutting an estimated $136M.
- Alex Sacerdote fully exited Match Group in Q4 2018, selling an estimated $155M.
- Alex Sacerdote's ten largest holdings make up 58% of its $3.14B portfolio in Q4 2018.
- Alex Sacerdote opened 4 new positions and closed 10 in Q4 2018.
- Alex Sacerdote's portfolio value fell 30% quarter-over-quarter to $3.14B.
Based on Whale Rock Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.