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 |
Meta Platforms (Facebook)
META
|
+$57.6M |
| 2 |
Qorvo
QRVO
|
+$51.3M |
| 3 |
Alibaba
BABA
|
+$43.3M |
| 4 |
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
|
+$38M |
| 5 |
Amazon
AMZN
|
+$37.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RFMD
RF MICRO DEVICES INC
RFMD
|
+$71.9M |
| 2 |
Microsoft
MSFT
|
+$50.6M |
| 3 |
IMPV
Imperva, Inc.
IMPV
|
+$47.6M |
| 4 |
Baidu
BIDU
|
+$45M |
| 5 |
TXTR
TEXTURA CORPORATION COM
TXTR
|
+$37.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 54.22% |
| 2 | Communication Services | 20.93% |
| 3 | Consumer Discretionary | 17.42% |
| 4 | Industrials | 4.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.51T
| $82M | 8.4% |
2,635,108
+882,212
| +50% | +$26.6M |
|
|
2
Meta Platforms (Facebook)
META
$1.4T
| $60.5M | 6.2% |
+735,849
| New | +$57.6M |
|
|
3
Qorvo
QRVO
$8.43B
| $57.4M | 5.88% |
+720,309
| New | +$51.3M |
|
|
ELLI
4
DELISTED
Ellie Mae Inc
ELLI
| $55.4M | 5.68% |
1,001,716
+548,293
| +121% | +$26.7M |
|
|
INFN
5
DELISTED
Infinera Corporation Common Stock
INFN
| $53.2M | 5.45% |
2,703,254
-1,180,332
| -30% | -$19.8M |
|
6
Palo Alto Networks
PANW
$292B
| $53.1M | 5.43% |
2,179,140
-139,878
| -6% | -$3.13M |
|
|
ZEN
7
DELISTED
ZENDESK INC
ZEN
| $52.2M | 5.35% |
2,301,480
-577
| -0% | -$13.8K |
|
8
NetEase
NTES
$82.1B
| $51M | 5.22% |
2,419,710
+1,574,065
| +186% | +$33.3M |
|
|
EA
9
DELISTED
Electronic Arts
EA
| $48.6M | 4.98% |
826,717
+288,197
| +54% | +$15.5M |
|
10
Vipshop
VIPS
$6.98B
| $44.4M | 4.55% |
1,508,637
+217,857
| +17% | +$5.28M |
|
|
GRUB
11
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $42.8M | 4.39% |
+471,742
| New | +$38M |
|
|
12
Alibaba
BABA
$286B
| $39.9M | 4.09% |
+479,897
| New | +$43.3M |
|
13
Alphabet (Google) Class C
GOOG
$4.18T
| $39.7M | 4.07% |
1,447,944
+310,209
| +27% | +$8.31M |
|
|
14
Amazon
AMZN
$2.79T
| $39.5M | 4.04% |
+2,122,100
| New | +$37.3M |
|
|
DATA
15
DELISTED
Tableau Software, Inc.
DATA
| $39.4M | 4.03% |
425,445
-10,028
| -2% | -$911K |
|
16
JD.com
JD
$39.7B
| $35.3M | 3.61% |
+1,200,302
| New | +$32.2M |
|
17
PUT
IBM
IBM
$222B
| $29.7M | 3.04% |
193,301
-104
| -0.1% | -$15.8K |
|
|
MSCC
18
DELISTED
Microsemi Corp
MSCC
| $23.6M | 2.42% |
+668,078
| New | +$20.7M |
|
|
IPHI
19
DELISTED
INPHI CORPORATION
IPHI
| $20.5M | 2.1% |
1,149,625
+794,625
| +224% | +$14.9M |
|
20
Lam Research
LRCX
$393B
| $17.6M | 1.81% |
2,509,580
-2,863,870
| -53% | -$22.6M |
|
21
STMicroelectronics
STM
$45.1B
| $13.1M | 1.35% |
+1,408,240
| New | +$12.3M |
|
22
WIX.com
WIX
$3.43B
| $12M | 1.23% |
624,920
-157
| -0% | -$2.98K |
|
23
NXP Semiconductors
NXPI
$56.9B
| $11.7M | 1.2% |
+116,455
| New | +$10.3M |
|
24
Broadcom
AVGO
$1.75T
| $11.6M | 1.19% |
+916,150
| New | +$10.5M |
|
25
Booking.com
BKNG
$158B
| $11M | 1.12% |
235,575
-625,950
| -73% | -$28M |
|
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Alex Sacerdote's Q1 2015 Portfolio in Review
As of Q1 2015, Alex Sacerdote held 39 positions worth $976M, up 12% from $875M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Alex Sacerdote's Q1 2015 filing shows 13 new, 7 increased, 9 reduced and 10 closed positions. Its largest new stake was Meta Platforms (Facebook): 735,849 shares worth $60.5M. The largest sale was RF MICRO DEVICES INC, an estimated $71.9M.
By sector, the portfolio is most concentrated in Technology at 54% of assets, down from 63% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Alex Sacerdote's largest Q1 2015 buy was Meta Platforms (Facebook): 735,849 shares worth $60.5M.
- Alex Sacerdote added most to NetEase in Q1 2015, an estimated $33.3M increase.
- Alex Sacerdote's biggest Q1 2015 reduction was Imperva, Inc., cutting an estimated $47.6M.
- Alex Sacerdote fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $71.9M.
- Alex Sacerdote's ten largest holdings make up 57% of its $976M portfolio in Q1 2015.
- Alex Sacerdote opened 13 new positions and closed 10 in Q1 2015.
- Alex Sacerdote's portfolio value rose 12% quarter-over-quarter to $976M.
Based on Whale Rock Capital Management's 13F filing for Q1 2015, filed 18 May 2015.