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 |
PLAN
Anaplan, Inc.
PLAN
|
+$209M |
| 2 |
Match Group
MTCH
|
+$142M |
| 3 |
Elastic
ESTC
|
+$94.6M |
| 4 |
Wayfair
W
|
+$70.9M |
| 5 |
FIVE9
FIVN
|
+$59.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$187M |
| 2 |
Netflix
NFLX
|
+$185M |
| 3 |
Analog Devices
ADI
|
+$132M |
| 4 |
Marvell Technology
MRVL
|
+$88.2M |
| 5 |
Microsoft
MSFT
|
+$84.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 65.46% |
| 2 | Consumer Discretionary | 20.02% |
| 3 | Communication Services | 14.51% |
| 4 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
COUP
1
DELISTED
Coupa Software Incorporated
COUP
| $407M | 7.51% |
3,139,405
-2,297
| -0.1% | -$318K |
|
2
Amazon
AMZN
$2.79T
| $404M | 7.47% |
4,659,900
+484,440
| +12% | +$44.9M |
|
3
Shopify
SHOP
$192B
| $242M | 4.47% |
7,772,890
-7,670
| -0.1% | -$263K |
|
4
Meta Platforms (Facebook)
META
$1.4T
| $236M | 4.35% |
1,322,474
-1,056
| -0.1% | -$201K |
|
|
AYX
5
DELISTED
Alteryx Inc
AYX
| $229M | 4.23% |
2,129,622
+46,208
| +2% | +$5.73M |
|
|
6
Wayfair
W
$13.9B
| $220M | 4.06% |
1,958,911
+554,321
| +39% | +$70.9M |
|
|
SMAR
7
DELISTED
Smartsheet Inc.
SMAR
| $202M | 3.72% |
5,594,225
+563,954
| +11% | +$26.9M |
|
|
AVLR
8
DELISTED
Avalara, Inc.
AVLR
| $197M | 3.64% |
2,931,356
+119,627
| +4% | +$9.68M |
|
|
ZEN
9
DELISTED
ZENDESK INC
ZEN
| $196M | 3.62% |
2,693,123
+349,866
| +15% | +$28.8M |
|
10
Twilio
TWLO
$34.6B
| $186M | 3.44% |
1,692,764
-1,228
| -0.1% | -$159K |
|
11
Okta
OKTA
$23.5B
| $184M | 3.4% |
1,869,126
-1,554
| -0.1% | -$194K |
|
12
ServiceNow
NOW
$133B
| $181M | 3.35% |
3,569,090
-2,725
| -0.1% | -$148K |
|
|
PLAN
13
DELISTED
Anaplan, Inc.
PLAN
| $181M | 3.34% |
+3,844,093
| New | +$209M |
|
|
DAY
14
DELISTED
Dayforce
DAY
| $166M | 3.07% |
3,364,710
-3,341
| -0.1% | -$175K |
|
15
Carvana
CVNA
$76.9B
| $163M | 3% |
12,320,275
+3,527,365
| +40% | +$50.7M |
|
16
Alphabet (Google) Class A
GOOGL
$4.22T
| $148M | 2.73% |
2,424,060
-400
| -0% | -$23.7K |
|
17
Workday
WDAY
$49.4B
| $143M | 2.65% |
843,390
+270,427
| +47% | +$52.2M |
|
18
MongoDB
MDB
$34.7B
| $142M | 2.63% |
1,181,956
-13,558
| -1% | -$1.96M |
|
|
MIME
19
DELISTED
Mimecast Limited
MIME
| $135M | 2.5% |
3,794,105
-3,739
| -0.1% | -$163K |
|
|
20
Match Group
MTCH
$9.38B
| $130M | 2.41% |
+1,826,631
| New | +$142M |
|
|
21
Marvell Technology
MRVL
$213B
| $127M | 2.34% |
5,069,348
-3,514,133
| -41% | -$88.2M |
|
22
Roku
ROKU
$23.4B
| $123M | 2.27% |
1,209,514
-754
| -0.1% | -$92.2K |
|
23
StoneCo
STNE
$2.16B
| $117M | 2.16% |
3,358,733
+630,257
| +23% | +$21M |
|
24
Snap
SNAP
$8.86B
| $113M | 2.08% |
7,127,285
+3,073,076
| +76% | +$49.2M |
|
25
Sea Limited
SE
$72B
| $108M | 1.99% |
3,478,450
+1,288,863
| +59% | +$43.3M |
|
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Alex Sacerdote's Q3 2019 Portfolio in Review
As of Q3 2019, Alex Sacerdote held 50 positions worth $5.41B, down 7.3% from $5.84B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Alex Sacerdote's Q3 2019 filing shows 6 new, 14 increased, 19 reduced and 11 closed positions. Its largest new stake was Anaplan, Inc.: 3,844,093 shares worth $181M. The largest sale was PayPal, an estimated $187M.
By sector, the portfolio is most concentrated in Technology at 65% of assets, up from 65% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Alex Sacerdote's largest Q3 2019 buy was Anaplan, Inc.: 3,844,093 shares worth $181M.
- Alex Sacerdote added most to Wayfair in Q3 2019, an estimated $70.9M increase.
- Alex Sacerdote's biggest Q3 2019 reduction was Marvell Technology, cutting an estimated $88.2M.
- Alex Sacerdote fully exited PayPal in Q3 2019, selling an estimated $187M.
- Alex Sacerdote's ten largest holdings make up 47% of its $5.41B portfolio in Q3 2019.
- Alex Sacerdote opened 6 new positions and closed 11 in Q3 2019.
- Alex Sacerdote's portfolio value fell 7.3% quarter-over-quarter to $5.41B.
Based on Whale Rock Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.