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 |
Amazon
AMZN
|
+$303M |
| 2 |
Salesforce
CRM
|
+$274M |
| 3 |
NVIDIA
NVDA
|
+$228M |
| 4 |
Marvell Technology
MRVL
|
+$175M |
| 5 |
Applovin
APP
|
+$149M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$206M |
| 2 |
Elastic
ESTC
|
+$147M |
| 3 |
monday.com
MNDY
|
+$131M |
| 4 |
Zscaler
ZS
|
+$129M |
| 5 |
Workday
WDAY
|
+$103M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 63.04% |
| 2 | Consumer Discretionary | 20.33% |
| 3 | Communication Services | 12.2% |
| 4 | Financials | 4.43% |
| 5 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
monday.com
MNDY
$3.84B
| $97.4M | 1.45% |
431,365
-615,782
| -59% | -$131M |
|
27
Palo Alto Networks
PANW
$292B
| $90.9M | 1.35% |
639,776
-290,108
| -31% | -$45.8M |
|
28
Cadence Design Systems
CDNS
$87.9B
| $66.4M | 0.99% |
213,297
-7,657
| -3% | -$2.26M |
|
|
29
Workday
WDAY
$49.4B
| $63M | 0.94% |
230,974
-361,665
| -61% | -$103M |
|
30
TSMC
TSM
$2.17T
| $32.2M | 0.48% |
+236,418
| New | +$29.4M |
|
31
MongoDB
MDB
$34.7B
| $19.9M | 0.3% |
55,485
-1,991
| -3% | -$813K |
|
32
Applied Optoelectronics
AAOI
$10.6B
| $18.5M | 0.27% |
1,333,957
+308,172
| +30% | +$5.19M |
|
33
Klaviyo
KVYO
$5.22B
| $14.8M | 0.22% |
579,113
+318,217
| +122% | +$8.5M |
|
|
34
Advanced Micro Devices
AMD
$773B
| – | – |
-1,398,413
| Closed | -$206M |
|
35
Datadog
DDOG
$84.6B
| – | – |
-494,641
| Closed | -$60M |
|
36
Doximity
DOCS
$4.51B
| – | – |
-1,517,171
| Closed | -$42.5M |
|
37
Samsara
IOT
$23.3B
| – | – |
-1,189,584
| Closed | -$39.7M |
|
38
Marqeta
MQ
$1.7B
| – | – |
-961,982
| Closed | -$26.9M |
|
39
New York Times
NYT
$10.6B
| – | – |
-764,832
| Closed | -$37.5M |
|
40
ON Semiconductor
ON
$28.9B
| – | – |
-1,116,685
| Closed | -$93.3M |
|
41
Oracle
ORCL
$422B
| – | – |
-234,900
| Closed | -$24.8M |
|
42
Shopify
SHOP
$192B
| – | – |
-725,554
| Closed | -$56.5M |
|
43
Super Micro Computer
SMCI
$24.1B
| – | – |
-3,137,750
| Closed | -$89.2M |
|
44
Sphere Entertainment
SPHR
$5.69B
| – | – |
-112,192
| Closed | -$3.81M |
|
|
45
Zscaler
ZS
$29.4B
| – | – |
-580,154
| Closed | -$129M |
|
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Alex Sacerdote's Q1 2024 Portfolio in Review
As of Q1 2024, Alex Sacerdote held 45 positions worth $6.73B, up 20% from $5.59B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Alex Sacerdote's Q1 2024 filing shows 7 new, 10 increased, 16 reduced and 12 closed positions. Its largest new stake was Salesforce: 950,736 shares worth $286M. The largest sale was Advanced Micro Devices, an estimated $206M.
By sector, the portfolio is most concentrated in Technology at 63% of assets, down from 65% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Alex Sacerdote's largest Q1 2024 buy was Salesforce: 950,736 shares worth $286M.
- Alex Sacerdote added most to Amazon in Q1 2024, an estimated $303M increase.
- Alex Sacerdote's biggest Q1 2024 reduction was Elastic, cutting an estimated $147M.
- Alex Sacerdote fully exited Advanced Micro Devices in Q1 2024, selling an estimated $206M.
- Alex Sacerdote's ten largest holdings make up 62% of its $6.73B portfolio in Q1 2024.
- Alex Sacerdote opened 7 new positions and closed 12 in Q1 2024.
- Alex Sacerdote's portfolio value rose 20% quarter-over-quarter to $6.73B.
Based on Whale Rock Capital Management's 13F filing for Q1 2024, filed 15 May 2024.