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 |
DraftKings
DKNG
|
+$187M |
| 2 |
Microsoft
MSFT
|
+$129M |
| 3 |
monday.com
MNDY
|
+$123M |
| 4 |
Advanced Micro Devices
AMD
|
+$122M |
| 5 |
CYBR
CyberArk
CYBR
|
+$100M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$131M |
| 2 |
Intuit
INTU
|
+$128M |
| 3 |
Workday
WDAY
|
+$107M |
| 4 |
Alibaba
BABA
|
+$103M |
| 5 |
Amazon
AMZN
|
+$74.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 74.41% |
| 2 | Communication Services | 15.14% |
| 3 | Consumer Discretionary | 7.14% |
| 4 | Financials | 3.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.4T
| $498M | 8.59% |
1,736,880
+9,576
| +0.6% | +$2.36M |
|
|
2
Microsoft
MSFT
$3.59T
| $438M | 7.56% |
1,287,489
+411,751
| +47% | +$129M |
|
3
NVIDIA
NVDA
$5.2T
| $410M | 7.07% |
9,690,280
-723,760
| -7% | -$24M |
|
4
Netflix
NFLX
$331B
| $334M | 5.76% |
7,585,670
-656,900
| -8% | -$24.2M |
|
5
HubSpot
HUBS
$12B
| $298M | 5.14% |
560,551
+82,329
| +17% | +$38.6M |
|
|
6
DraftKings
DKNG
$13B
| $216M | 3.72% |
+8,117,682
| New | +$187M |
|
7
Palo Alto Networks
PANW
$292B
| $215M | 3.71% |
1,685,538
-91,926
| -5% | -$9.57M |
|
8
Fortinet
FTNT
$113B
| $197M | 3.4% |
2,607,518
+694,650
| +36% | +$47.2M |
|
9
Nu Holdings
NU
$70.4B
| $192M | 3.3% |
24,293,336
+8,327,599
| +52% | +$51.2M |
|
10
Duolingo
DUOL
$6.84B
| $190M | 3.27% |
1,328,760
+8,668
| +0.7% | +$1.24M |
|
|
SPLK
11
DELISTED
Splunk Inc
SPLK
| $172M | 2.97% |
1,621,313
-272,110
| -14% | -$25.9M |
|
12
ON Semiconductor
ON
$28.9B
| $170M | 2.94% |
1,802,292
-314,705
| -15% | -$26M |
|
13
Oracle
ORCL
$422B
| $170M | 2.93% |
1,429,253
+127,449
| +10% | +$13.2M |
|
|
14
Workday
WDAY
$49.4B
| $147M | 2.53% |
648,710
-532,110
| -45% | -$107M |
|
|
15
monday.com
MNDY
$3.84B
| $141M | 2.43% |
+821,666
| New | +$123M |
|
|
16
Advanced Micro Devices
AMD
$773B
| $134M | 2.3% |
+1,173,592
| New | +$122M |
|
|
CYBR
17
DELISTED
CyberArk
CYBR
| $131M | 2.25% |
836,516
+700,210
| +514% | +$100M |
|
18
Salesforce
CRM
$171B
| $129M | 2.22% |
610,614
-133,180
| -18% | -$27.2M |
|
19
Arista Networks
ANET
$238B
| $114M | 1.97% |
2,820,476
-1,453,712
| -34% | -$56.2M |
|
20
Zscaler
ZS
$29.4B
| $114M | 1.96% |
776,972
+323,719
| +71% | +$39.5M |
|
21
Toast
TOST
$21.2B
| $112M | 1.92% |
+4,942,583
| New | +$98.7M |
|
22
Datadog
DDOG
$84.6B
| $111M | 1.92% |
1,131,999
+876,672
| +343% | +$73.3M |
|
23
Super Micro Computer
SMCI
$24.1B
| $111M | 1.91% |
4,447,830
-3,466,830
| -44% | -$58.1M |
|
|
CFLT
24
DELISTED
Confluent
CFLT
| $106M | 1.82% |
+2,990,484
| New | +$83.7M |
|
25
Okta
OKTA
$23.5B
| $99.1M | 1.71% |
1,428,363
+761,082
| +114% | +$57.8M |
|
Similar funds
Alex Sacerdote's Q2 2023 Portfolio in Review
As of Q2 2023, Alex Sacerdote held 50 positions worth $5.8B, up 28% from $4.54B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Alex Sacerdote deployed $245M of net new capital in Q2 2023, opening 9 new positions and adding to 14 existing holdings. Its largest new stake was DraftKings: 8,117,682 shares worth $216M.
By sector, the portfolio is most concentrated in Technology at 74% of assets, up from 69% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Intuit, an estimated $128M trimmed.
- Alex Sacerdote's largest Q2 2023 buy was DraftKings: 8,117,682 shares worth $216M.
- Alex Sacerdote added most to Microsoft in Q2 2023, an estimated $129M increase.
- Alex Sacerdote's biggest Q2 2023 reduction was Intuit, cutting an estimated $128M.
- Alex Sacerdote fully exited T-Mobile US in Q2 2023, selling an estimated $131M.
- Alex Sacerdote's ten largest holdings make up 52% of its $5.8B portfolio in Q2 2023.
- Alex Sacerdote opened 9 new positions and closed 9 in Q2 2023.
- Alex Sacerdote's portfolio value rose 28% quarter-over-quarter to $5.8B.
Based on Whale Rock Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.