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 |
Alphabet (Google) Class A
GOOGL
|
+$570M |
| 2 |
Wayfair
W
|
+$475M |
| 3 |
Meta Platforms (Facebook)
META
|
+$384M |
| 4 |
Workday
WDAY
|
+$383M |
| 5 |
Oracle
ORCL
|
+$336M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XYZ
Block Inc
XYZ
|
+$607M |
| 2 |
Tesla
TSLA
|
+$582M |
| 3 |
NXP Semiconductors
NXPI
|
+$430M |
| 4 |
Match Group
MTCH
|
+$371M |
| 5 |
Zoom
ZM
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.05% |
| 2 | Consumer Discretionary | 31.52% |
| 3 | Communication Services | 18.17% |
| 4 | Real Estate | 2.98% |
| 5 | Financials | 0.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
8x8 Inc
EGHT
$290M
| – | – |
-3,780,928
| Closed | -$130M |
|
52
Expedia Group
EXPE
$38.6B
| – | – |
-1,454,232
| Closed | -$193M |
|
53
JD.com
JD
$39.7B
| – | – |
-1,535,004
| Closed | -$135M |
|
54
Monolithic Power Systems
MPWR
$64.7B
| – | – |
-265,236
| Closed | -$97.1M |
|
|
55
Match Group
MTCH
$9.38B
| – | – |
-2,452,051
| Closed | -$371M |
|
56
Cloudflare
NET
$104B
| – | – |
-567,978
| Closed | -$43.2M |
|
57
NVIDIA
NVDA
$5.2T
| – | – |
-12,139,560
| Closed | -$158M |
|
|
58
NXP Semiconductors
NXPI
$56.9B
| – | – |
-2,706,573
| Closed | -$430M |
|
59
Okta
OKTA
$23.5B
| – | – |
-495,193
| Closed | -$126M |
|
60
Root
ROOT
$864M
| – | – |
-102,881
| Closed | -$29.1M |
|
61
Snap
SNAP
$8.86B
| – | – |
-2,373,004
| Closed | -$119M |
|
62
Uber
UBER
$161B
| – | – |
-6,695,827
| Closed | -$341M |
|
|
YSG
63
Yatsen Holding
YSG
$281M
| – | – |
-9,999
| Closed | -$850K |
|
|
64
Zoom
ZM
$31.5B
| – | – |
-1,049,062
| Closed | -$354M |
|
65
Zscaler
ZS
$29.4B
| – | – |
-1,477,851
| Closed | -$295M |
|
|
XYZ
66
Block Inc
XYZ
$49.4B
| – | – |
-2,788,458
| Closed | -$607M |
|
|
FTCH
67
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| – | – |
-2,860,129
| Closed | -$183M |
|
|
OZON
68
DELISTED
Ozon Holdings PLC American Depositary Shares, each ADS representing one ordinary share
OZON
| – | – |
-249,980
| Closed | -$10.4M |
|
Similar funds
Alex Sacerdote's Q1 2021 Portfolio in Review
As of Q1 2021, Alex Sacerdote held 68 positions worth $12.2B, down 19% from $15B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Alex Sacerdote withdrew a net $2.86B in Q1 2021, closing 19 positions and reducing 19 holdings. Its most notable exit was Block Inc, an estimated $607M position sold in full.
By sector, the portfolio is most concentrated in Technology at 47% of assets, down from 54% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Alex Sacerdote opened a new position in Alphabet (Google) Class A worth $596M.
- Alex Sacerdote's largest Q1 2021 buy was Alphabet (Google) Class A: 5,779,320 shares worth $596M.
- Alex Sacerdote added most to Meta Platforms (Facebook) in Q1 2021, an estimated $384M increase.
- Alex Sacerdote's biggest Q1 2021 reduction was Tesla, cutting an estimated $582M.
- Alex Sacerdote fully exited Block Inc in Q1 2021, selling an estimated $607M.
- Alex Sacerdote's ten largest holdings make up 41% of its $12.2B portfolio in Q1 2021.
- Alex Sacerdote opened 16 new positions and closed 19 in Q1 2021.
- Alex Sacerdote's portfolio value fell 19% quarter-over-quarter to $12.2B.
Based on Whale Rock Capital Management's 13F filing for Q1 2021, filed 17 May 2021.