Alex Sacerdotes Whale Rock Capital Management shuffled its deck of tech stocks during the third quarter, dumping one of its largest holdings and adding a stake in Bloomberg Terminal. WebThe regulations of the Commodity Futures Trading Commission require that prospective clients of a CTA receive a disclosure document at or prior to the time an advisory Hedge fund Whale Rock stops taking in new money amid strong We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Whale Rock uses a, Of course, all current and potential clients should be aware that no investment strategy can guarantee against, Fees at Whale Rock include fees based on AUM, or assets under management, plus. The firm is run by former Fidelity Investments portfolio manager Alex Sacerdote with a handful of analysts and has largely stayed out of the $3 trillion hedge fund industrys limelight since its launch in 2006. on the official website of the Securities & Exchange Commission (SEC). At some point, these barriers are removed, and the technology moves on the S- curve from the early adopter phase into the majority phase. Users continued use of the Site following the posting of revised Terms means that you accept and agree to the changes. Some of Whale Rock's largest holdings have lost money this year, including big drops in Shopify and Facebook parent company Meta, a regulatory filing from the end of 2021 showed. [1]: We make no claims that the Site or any of its content is accessible or appropriate outside of the United States. Whale Rock Capital Portfolio and News | GuruFocus Whale Rock Capital Management Investment Philosophy. TO THE FULLEST EXTENT PROVIDED BY LAW, THE COMPANY HEREBY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR PARTICULAR PURPOSE. WebTop 50 Whale Rock Capital Management Holdings. All quotes delayed a minimum of 15 minutes. Accordingly, our investment strategy is generally expected to be longer-term in nature. Beyond this, other additional fees and expenses may apply - including but not limited to registration fees, maintenance fees, certain taxes and regulatory expenses - so it is imperative that potential and existing clients read the offering documents carefully and reach out about specific fees charged to their fund. ? https://www.linkedin.com/company/whale-rock-capital-management-llc/ Tiger Global, headed by longtime industry darling Chase Coleman, fell particularly hard, posting a shocking 34% drop for the first quarter. Microsoft dropped approximately 0.1% in the past year. If a visitor chooses, they can set their browser to reject cookies or they can manually delete individual cookies or all of the cookies on their computer by following their browsers help file directions. Whale Rock Extends Losses | Institutional Investor Copyright 2023 Whale Rock Capital Management LLC. Your computer may temporarily store copies of such materials in RAM incidental to your accessing and viewing those materials. Average Retirement Savings: How Do You Compare? All financial companies need to share customers information to run their everyday business. Alex Sacerdote's $13 billion Whale Rock has joined the growing list of tech-focused funds showing double-digit losses for the first quarter. Hedge Fund Losses Mount at Tiger Global, Whale Rock All changes are effective immediately when we post them and apply to all access to and use of the Website thereafter. Performance numbers calculated through 2023-02-14. Distribution and use of this material are governed by Company Name. Fees at Whale Rock include fees based on AUM, or assets under management, plusperformance-based fees. For non-personal use or to order multiple copies, please contact Equal-WTWhaleScore 2.0 It's public-only portfolio, documents show, fell 11% in December and brought that strategy's yearly losses to 19.2%. $13 billion hedge fund Whale Rock Capital suffered big losses in Exercise of these rights will have no adverse effect on the price and quality of Whale Rocks services. WebSubscribe to WhaleWisdom to view all filing data for MELVIN CAPITAL MANAGEMENT LP Portfolio Performance Top 20 equal-weighted holdings. Whale Rock Capital Management 13F annual report (617) 502-9900. Stay up to date with what you want to know. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. When California residents exercise these rights and submit a request, Whale Rock will verify their identity by asking them for their email address, telephone number, and/or information about their account with Whale Rock. Gaurav Kapadia is off to an impressive start. CAT ROCK CAPITAL MANAGEMENT LP Physical safeguards including restricted elevator access to its offices and full-time staffed reception desk to check people who arrive at the office. The manager was one of several who found themselves down double-digits before 2022's first month was even over, owing to market volatility that hurt high-growth tech stocks. Dan Ramirez - Portfolio Manager, Ashler Capi.. - Citadel | ZoomInfo (Reporting by Svea Herbst-Bayliss; Editing by Bernadette Baum), One-third of US nurses plan to quit profession - report, U.S. Treasury encouraged by First Republic resolution, says banking system remains sound. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Investors in the funds include, The investment objective of the Whale Rock funds is to provide consistently excellent and risk-adjusted returns. If you're looking fortrustedand comprehensivesupport in managing your own finances, consider speaking to aprofessional financial advisor. If you are an accredited investor and wish to become a client of Whale Rock Capital Management, you canvisit the firm's websiteor call(617) 502-9900. Our Standards: The Thomson Reuters Trust Principles. Sacerdote also invests in short positions within the Whale Rock portfolio. These may be waived or reduced with respect to particular investors. It was also a pre-IPO investor in Latin America fintech Nubank, which went public in December. Each person using the Whale Rock Capital Management, LLC (Whale Rock) website (Site) (a User or you) expressly agrees to the following Terms of Use. Asia Pacific +65 6212 1000. Earlier this month, John Griffin told clients he was shuttering his $6 billion Blue Ridge Capital after 21 years and John Burbank said he would shutter the flagship fund at his firm Passport Capital. Whalewisdom has at least 70 13F filings, 1 13D filings, 49 13G filings, and 2 Form 4 filings. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. Here are the 10 most popular hedge fund managers in WhaleWisdom. Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding. Real Estate Investment Professionals | Ventus Group Restricting access to customer information to those required to have access to service customer needs. Americas +1 212 318 2000. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Whale Rock Capitals returns have been - WhaleWisdom Alpha For European residents, this Privacy Policy describes the basis on which we process personal data and for what purposes, a summary of the privacy rights under applicable European privacy laws, including the General Data Protection Regulation, and other UK and European data privacy laws (the European Data Privacy Laws) and how we protect personal data. We may also use non-personal or aggregated information for statistical analysis, research, and other purposes. If any provision of these Terms is held by a court or other tribunal of competent jurisdiction to be invalid, illegal or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms will continue in full force and effect. These positions were updated on August 15th based on the funds latest 13F filing. Sign up for notifications from Insider! Dan Ramirez is an Analyst at Whale Rock Capital Management based in Boston, Massachusetts. Whale Rock Capital Management is a hedge fund with 14 clients and discretionary assets under management (AUM) of $20,854,112,538 (Form ADV from 2022-03-31). The two most similar investment funds to Whale Rock Capital Management are First Hawaiian Bank and Junto Capital Management L.P.. All matters relating to the Site and these Terms and any dispute or claim arising therefrom or related thereto (in each case, including non-contractual disputes or claims), shall be governed by and construed in accordance with the internal laws of the Commonwealth of Massachusetts without giving effect to any choice or conflict of law provision or rule (whether of the Commonwealth of Massachusetts or any other jurisdiction). or to simply have an email sent to you whenever we receive a new 44% of the total holdings value. The companys largest shareholder after Whale Rock is Eashwar Krishnans Tybourne Capital Management who owns 624,639 shares worth $225 million. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Whale Rock Capital Management is poised to post the biggest loss in its 16-year history.The hedge fund firm headed by Alex Sacerdote is the latest TMT fund to surge and build a huge amount of assets during the FAANG boom, only to surrender a chunk of its gains in less. Regulatory filings showing the firm's public holdings as of the end of September report that its three top holdings were Bill.com, Google, and Tesla, all of which had banner years in 2021 (though it's unclear if Whale Rock sold them after in the fourth quarter). BOSTON, Dec 20 (Reuters) - Whale Rock Capital Management, which has returned nearly 40 percent this year, has stopped accepting new capital after its assets grew to $2.5 billion, a person familiar with the hedge fund's decision said. As a result, each fund's investment strategy is typically expected to be longer-term in nature. Nothing on the public portion of the Site is an offer to sell securities or a solicitation of an offer to buy securities. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Monolithic Pwr Sys Inc and bought 729,061 shares worth $280 million. You may store files that are automatically cached by your Web browser for display enhancement purposes. WebHistorical performance of Whale Rock Capital Management, showing the return on investment of the portfolio managed by Alex Sacerdote and comparing it to other hedge Indices. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. In addition to investing in companies that benefit from the identified trends, we are often attracted to other investment attributes, such as: turnarounds, management changes, value creating acquisitions, shareholder friendly capital structure actions, such as stock buybacks, and prudent use of leverage. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research, Whale Rock Capital Management LLC is an investment management firm with more than $15billion in assets under management (AUM). MELVIN CAPITAL This article expresses my own opinions, and I am not receiving compensation for it (other than from WhaleWisdom). Ault Global disclosed a 9.96% position in NTN Buzztime. Alex Sacerdote of Whale Rock Capital Management At Insider Monkey we leave no stone unturned when looking for the next great investment idea. CelLink Announces $250M in Series D Funding to Support In the first 11 months of 2017, the fund returned 38.9 percent, far outpacing the average hedge funds 7.6 percent gain through November. Over the last five years, the firm has returned an average 21 percent a year. $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. The Long Opportunities Funds investment minimum is $5 million. . Bloomberg Tax. Whale Rock may also disclose personal information to governmental authorities as required or permitted by law; public and private social security and insurance agencies; consultants in connection with extraordinary business operations (e.g., mergers, acquisitions, and the like); to business partners, agents and customers; external consultants and professionals; courts and other dispute forums. Financial data including assets, transactions and income information. Factbox-Why are Hollywood writers threatening to strike? Several big-name tech investors, such as Tiger Global and Coatue, also lost money in the quarter. Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America. Shares Owned. No User may use the Site at any time for any purpose that is unlawful or prohibited and shall comply with any applicable local, state, national or international laws or regulations when using this Site. The largest investments include Microsoft and Monolithic Pwr Sys Inc, together worth $650 million. Delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials from this Site. Whale Rock Capital Management closed its position in Bill.com Inc on 15th At that point a massive wave of demand kicks in, and you can see three to four years of incredible unit growth. The majority of the companies in the funds portfolio are large-cap stocks. The fund focuses on investments in the United States as Performance numbers calculated through 2022-05-16 Performance Metrics Whale S&P 500 Total Return Index 2021-5 2021-8 2021-12 2022-4 2022-8 2022-12 -40% -30% -20% -10% 0% 10% 20% 30% Backtester our Subscriber Agreement and by copyright law. 212Q3Whale Rock Capital Management Amazone Shopifye Crowdstrike Bill Com Alphabet 3192.48% If you access the Site from outside the United States, you do so on your own initiative and are responsible for compliance with local laws. Whale Rock will not be liable if for any reason all or any part of the Site is unavailable at any time or for any period. Whale Rock's top investments, according to a regulatory filing, include Canadian e-commerce company Shopify and Chinese e-commerce company Alibaba Group Holding Ltd. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. A cookie is a small text file that is placed on a computer when a visitor accesses the Site and allows us to recognize them each time they visit the Site. The firm analyzes relevant information to understand the long-term valuation implications before the market even does. email address below and choose 'Submit'. increase in value). The Site and its entire contents, features, and functionality (including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof), are owned by Whale Rock, its licensors, or other providers of such material and are protected by United States and international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws. SAN CARLOS, Calif. Website Data Collection: THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. Last year, Whale Rock lost 19.2% in its public-only fund, but only fell 9% in its blended strategy, for example. Whale Rock collects and maintains nonpublic personal information and personal data about or from its customers including, but not limited to, the following types of information: Basic personal data such as name, social security number, address, current employment, company name, company email address, business phone number, and business address. The unauthorized use of any material on the Whale Rock website may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, trade secret or patent laws. Documenting responsive actions taken in connection with any incident involving information security breaches and records of corrective actions taken. When we do, we will post the change(s) on our Site. No right, title, or interest in or to the Site or any content on the Site is transferred to you, and all rights not expressly granted are reserved by Whale Rock. The use of such terms and logos and marks without the express written consent of Whale Rock is strictly prohibited. The Boston-based manager lost more than 25% for the period in its public-only portfolio, according to an investor update seen by Insider, including a 6.2% dip in March alone. Again from the funds ADV: On the short side, we look for companies that will be negatively impacted by these trends and also have some of the following characteristics: weak business models, deteriorating competitive positions, unreasonable valuations (although this is rarely sufficient in its own right), over-hyped business opportunities and poor management. ? Whale Rock Capital Management LLC is a limited liability company formed in March 2006. The funds secret? This Site is offered and available to users who are 18 years of age or older and reside in the United States or any of its territories or possessions. Such investors differ from retail investors or, , who might be taking a more DIY approachor, enlisting the services of a financial advisor, Within the past 10 years, Whale Rock Capital Management has not undergone any disciplinary or legal action deemed material to a clients evaluation of its business integrity. Investors in the funds include high-net-worth individuals, trusts, foundations, endowments, charitable organizations, pension plans, corporations, funds of funds and other domestic and international institutional investors. Currently, their heaviest sector is Technology making up 65.5% of Any use of the Site not expressly permitted by these Terms is a breach of these Terms and may violate copyright, trademark, and other laws. It currently manages a total of eight. Assessment of information security risks on an ongoing basis; Use any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text. Whale Rock Capitals returns vs the S&P 500 going back to 2007: So how has Alex Sacerdote done it? Earlier this month, John Griffin told clients he was shuttering his $6 billion Blue Ridge Capital after 21 years and John Burbank said he would shutter the flagship fund at his firm Passport Capital. Whale Rock Capital Management - Insider Monkey You understand that we cannot and do not guarantee or warrant that files available for downloading from the internet or the Site will be free of viruses or other destructive code. No waiver by Whale Rock of any term or condition set out in these Terms shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of Whale Rock to assert a right or provision under these Terms shall not constitute a waiver of such right or provision. It currently manages a total of eight pooled investment vehicles , six of which are hedge funds . The Boston-based firm focuses on technology, media and telecommunications investments and has seen assets climb by roughly $1 billion this year, amid strong returns and an inflow of fresh money. We only use such information to evaluate usage of the Site and improve performance and customer services and to protect the security and integrity of the Site and our business, such as preventing fraud, hacking, and other criminal activity or to meet legal obligations. Alex Sacerdote's Hedge Fund Whale Rock Slammed in 2022's How do I update this listing? The flagship at $9 billion Whale Rock, which focuses on technology, media and telecommunications, jumped 6.2%, extending this years returns to 47%. These concentrated tech investors have both augmented and protected their returns with an increased allocation toward private companies especially late-stage tech companies in recent years. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. This personal information will be disclosed to such third-parties only as necessary in connection with the performance of contracts, Whale Rocks business activities and the purposes listed above or as otherwise authorized, required, or permitted by law. From Whale Rocks ADV: We seek to identify technological, social and economic trends that generate significant product cycles and industry inflection points and then analyze the sub-sectors and/or companies with the most exposure (both positive and negative) to these trends. Portfolio Manager, Ashler Capital at Citadel . There are no guarantees that working with an adviser will yield positive returns. There are currently 34 companies in Mr. Sacerdotes portfolio. 13F filing from WHALE ROCK CAPITAL MANAGEMENT LLC, enter your THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. The firm serves as investment manager to its funds according to separate investment management agreements between each fund and Whale Rock. First inquiry recommendations due soon. The largest hedge fund managers 2021 Whale Rock Capital Management, which has returned nearly 40 percent this year, has stopped accepting new capital after its assets grew to $2.5 billion, a The source of this personal information is usually our customers (directly or on their behalf by service providers or agents), recorded calls and from the following documents: Information provided to Whale Rock, such as on applications, questionnaires, contracts, or other forms. All rights reserved. Whale Rock Capital Management corporate office is located in Two International Place Fl 24, Boston, Massachusetts, 02110, United States and has 44 employees. The inflection point not only creates incredible unit growth, but it also reduces risk because one of the biggest drivers of tech company failures is faltering demand or demand well below expectations. Two International Place, 24th FL We seek to analyze the relevant information to understand the longer-term valuation implications before the broader market does. The firm currently employs14 advisors. These procedures include: Designation of one or more individuals responsible for maintaining and monitoring the information security program; It can be held back for a variety of reasons: high price, complex products, lack of an ecosystem. According to the last 13-F report filed with the SEC, Alex Sacerdote serves as the Authorized Person at Whale Rock Capital Management. for WHALE ROCK CAPITAL MANAGEMENT LLC, Top 20 equal-weighted holdings.
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