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 |
TLND
Talend S.A. American Depositary Shares
TLND
|
+$160M |
| 2 |
MongoDB
MDB
|
+$147M |
| 3 |
VMW
VMware, Inc
VMW
|
+$109M |
| 4 |
Zillow
Z
|
+$72.7M |
| 5 |
HubSpot
HUBS
|
+$60.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPLK
Splunk Inc
SPLK
|
+$122M |
| 2 |
Mercado Libre
MELI
|
+$106M |
| 3 |
MULE
MuleSoft, Inc.
MULE
|
+$103M |
| 4 |
PFPT
Proofpoint, Inc.
PFPT
|
+$100M |
| 5 |
XYZ
Block Inc
XYZ
|
+$76.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 60.18% |
| 2 | Communication Services | 22.27% |
| 3 | Consumer Discretionary | 17.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.79T
| $302M | 8.62% |
3,548,440
-138,280
| -4% | -$11M |
|
2
Netflix
NFLX
$331B
| $263M | 7.52% |
6,720,540
-4,310
| -0.1% | -$147K |
|
3
Meta Platforms (Facebook)
META
$1.4T
| $226M | 6.45% |
1,161,069
+95,585
| +9% | +$17.3M |
|
4
Shopify
SHOP
$192B
| $208M | 5.95% |
14,253,770
-432,170
| -3% | -$6.12M |
|
|
5
MongoDB
MDB
$34.7B
| $190M | 5.44% |
3,830,271
+3,273,409
| +588% | +$147M |
|
|
TLND
6
DELISTED
Talend S.A. American Depositary Shares
TLND
| $183M | 5.23% |
+2,935,810
| New | +$160M |
|
7
NVIDIA
NVDA
$5.2T
| $158M | 4.51% |
26,659,360
+9,190,160
| +53% | +$55.8M |
|
8
Alibaba
BABA
$286B
| $149M | 4.26% |
803,282
+60,949
| +8% | +$11.6M |
|
|
COUP
9
DELISTED
Coupa Software Incorporated
COUP
| $141M | 4.04% |
2,267,803
+326,727
| +17% | +$17.4M |
|
|
XYZ
10
Block Inc
XYZ
$49.4B
| $141M | 4.03% |
2,285,810
-1,389,346
| -38% | -$76.4M |
|
|
LNW
11
DELISTED
Light & Wonder
LNW
| $128M | 3.67% |
2,610,625
+522,724
| +25% | +$27.6M |
|
|
VMW
12
DELISTED
VMware, Inc
VMW
| $117M | 3.34% |
+793,751
| New | +$109M |
|
|
ZEN
13
DELISTED
ZENDESK INC
ZEN
| $116M | 3.33% |
2,136,638
+220,190
| +11% | +$11.7M |
|
14
Alphabet (Google) Class A
GOOGL
$4.22T
| $112M | 3.2% |
1,982,880
+291,820
| +17% | +$15.9M |
|
15
Microsoft
MSFT
$3.59T
| $111M | 3.17% |
1,125,703
+480,139
| +74% | +$46.5M |
|
16
RingCentral
RNG
$5.6B
| $100M | 2.87% |
1,428,520
-916
| -0.1% | -$65.5K |
|
|
17
Zillow
Z
$8.07B
| $77.4M | 2.21% |
+1,311,348
| New | +$72.7M |
|
18
Match Group
MTCH
$9.38B
| $68.7M | 1.96% |
1,772,286
-143,953
| -8% | -$6.04M |
|
|
AVLR
19
DELISTED
Avalara, Inc.
AVLR
| $64.3M | 1.84% |
+1,205,562
| New | +$57.3M |
|
20
Twilio
TWLO
$34.6B
| $64.3M | 1.84% |
+1,147,204
| New | +$56.8M |
|
|
21
HubSpot
HUBS
$12B
| $64.1M | 1.83% |
+511,345
| New | +$60.6M |
|
22
Lumentum
LITE
$77.7B
| $54.4M | 1.56% |
940,341
-502,469
| -35% | -$30M |
|
23
Intel
INTC
$476B
| $53M | 1.52% |
+1,067,075
| New | +$56.7M |
|
24
Kulicke & Soffa
KLIC
$4.49B
| $52.7M | 1.51% |
2,211,415
-1,212,797
| -35% | -$28.8M |
|
|
MIME
25
DELISTED
Mimecast Limited
MIME
| $49.7M | 1.42% |
1,206,131
+382,777
| +46% | +$15.6M |
|
Similar funds
Alex Sacerdote's Q2 2018 Portfolio in Review
As of Q2 2018, Alex Sacerdote held 41 positions worth $3.5B, up 19% from $2.94B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Alex Sacerdote deployed $155M of net new capital in Q2 2018, opening 11 new positions and adding to 10 existing holdings. Its largest new stake was Talend S.A. American Depositary Shares: 2,935,810 shares worth $183M.
By sector, the portfolio is most concentrated in Technology at 60% of assets, up from 57% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Splunk Inc, an estimated $122M trimmed.
- Alex Sacerdote's largest Q2 2018 buy was Talend S.A. American Depositary Shares: 2,935,810 shares worth $183M.
- Alex Sacerdote added most to MongoDB in Q2 2018, an estimated $147M increase.
- Alex Sacerdote's biggest Q2 2018 reduction was Splunk Inc, cutting an estimated $122M.
- Alex Sacerdote fully exited Mercado Libre in Q2 2018, selling an estimated $106M.
- Alex Sacerdote's ten largest holdings make up 56% of its $3.5B portfolio in Q2 2018.
- Alex Sacerdote opened 11 new positions and closed 8 in Q2 2018.
- Alex Sacerdote's portfolio value rose 19% quarter-over-quarter to $3.5B.
Based on Whale Rock Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.