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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
+15.85%
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
$5.84B
AUM Growth
+$293M
Cap. Flow
-$278M
Cap. Flow %
-4.77%
Top 10 Hldgs %
45%
Holding
55
New
13
Increased
9
Reduced
21
Closed
11

Top Buys

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$200M
2
AVLR
Avalara, Inc.
AVLR
+$182M
3
MSFT icon
Microsoft
MSFT
+$124M
4
AYX
Alteryx Inc
AYX
+$121M
5
ZM icon
Zoom
ZM
+$100M

Top Sells

Rank Stock Value
1
INTU icon
Intuit
INTU
+$179M
2
MDB icon
MongoDB
MDB
+$173M
3
XLNX
Xilinx Inc
XLNX
+$162M
4
CRM icon
Salesforce
CRM
+$139M
5
RNG icon
RingCentral
RNG
+$137M

Sector Composition

Rank Sector Weight
1 Technology 64.74%
2 Consumer Discretionary 16.97%
3 Communication Services 13.41%
4 Financials 3.19%
5 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZM icon
26
Zoom
ZM
$31.5B
$108M 1.85%
+1,219,254
New +$100M
MAR icon
27
PUT
Marriott International
MAR
$92.9B
$98.2M 1.68%
700,000
– –
STNE icon
28
StoneCo
STNE
$2.16B
$80.7M 1.38%
2,728,476
-851,460
-24% -$25M
SE icon
29
Sea Limited
SE
$72B
$72.7M 1.25%
+2,189,587
New +$59.4M
BABA icon
30
Alibaba
BABA
$286B
$59.1M 1.01%
349,008
-87
-0% -$15K
SNAP icon
31
Snap
SNAP
$8.86B
$58M 0.99%
4,054,209
+501,807
+14% +$6.14M
MPWR icon
32
Monolithic Power Systems
MPWR
$64.7B
$54.3M 0.93%
399,714
-99
-0% -$13.5K
XYZ
33
Block Inc
XYZ
$49.4B
$52M 0.89%
716,639
-1,519,090
-68% -$106M
WOLF icon
34
Wolfspeed
WOLF
$1.34B
$51.2M 0.88%
+911,748
New +$55.7M
CRWD icon
35
CrowdStrike
CRWD
$195B
$48.3M 0.83%
+2,829,088
New +$48.1M
TTD icon
36
Trade Desk
TTD
$6.19B
$44.1M 0.75%
1,935,600
-1,356,180
-41% -$29.1M
KLIC icon
37
Kulicke & Soffa
KLIC
$4.49B
$36.2M 0.62%
+1,603,995
New +$35.2M
PAGS icon
38
PagSeguro Digital
PAGS
$2.38B
$29.4M 0.5%
753,904
-588,219
-44% -$18.2M
WORK
39
DELISTED
Slack Technologies, Inc.
WORK
$28.1M 0.48%
+750,000
New +$27.6M
LNW
40
DELISTED
Light & Wonder
LNW
$21.2M 0.36%
1,068,315
-2,344,504
-69% -$48.5M
RVLV icon
41
Revolve Group
RVLV
$1.69B
$7.78M 0.13%
+225,574
New +$8.53M
FSLY icon
42
Fastly Inc
FSLY
$3.97B
$6.08M 0.1%
+299,959
New +$6.18M
REAL icon
43
The RealReal
REAL
$1.35B
$5.78M 0.1%
+200,000
New +$5.78M
PD icon
44
PagerDuty
PD
$950M
$1.41M 0.02%
+29,983
New +$1.46M
CRM icon
45
Salesforce
CRM
$171B
– –
-875,956
Closed -$139M
INTU icon
46
Intuit
INTU
$100B
– –
-683,017
Closed -$179M
LYFT icon
47
Lyft
LYFT
$6.61B
– –
-70,000
Closed -$5.48M
OKTA icon
48
PUT
Okta
OKTA
$23.5B
– –
-400,000
Closed -$33.1M
RNG icon
49
RingCentral
RNG
$5.6B
– –
-1,273,386
Closed -$137M
SHOP icon
50
PUT
Shopify
SHOP
$192B
– –
-2,000,000
Closed -$41.3M
1
2
3

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Alex Sacerdote's Q2 2019 Portfolio in Review

As of Q2 2019, Alex Sacerdote held 55 positions worth $5.84B, up 5.3% from $5.55B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Alex Sacerdote withdrew a net $278M in Q2 2019, closing 11 positions and reducing 21 holdings. Its most notable exit was Intuit, an estimated $179M position sold in full.

By sector, the portfolio is most concentrated in Technology at 65% of assets, up from 60% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Alex Sacerdote opened a new position in Marvell Technology worth $205M.

  • Alex Sacerdote's largest Q2 2019 buy was Marvell Technology: 8,583,481 shares worth $205M.
  • Alex Sacerdote added most to Alteryx Inc in Q2 2019, an estimated $121M increase.
  • Alex Sacerdote's biggest Q2 2019 reduction was MongoDB, cutting an estimated $173M.
  • Alex Sacerdote fully exited Intuit in Q2 2019, selling an estimated $179M.
  • Alex Sacerdote's ten largest holdings make up 45% of its $5.84B portfolio in Q2 2019.
  • Alex Sacerdote opened 13 new positions and closed 11 in Q2 2019.
  • Alex Sacerdote's portfolio value rose 5.3% quarter-over-quarter to $5.84B.

Based on Whale Rock Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.