The performance allocation usually ranges from 15% to 20% of a fund's realized or unrealized net profit or capital appreciation (i.e. Equal-WTWhaleScore 2.0 If you have any questions about this Privacy Notice or to request a copy of this Privacy Notice in another format, call (617) 502-9909 or email james@whalerockcapital.com. Documenting responsive actions taken in connection with any incident involving information security breaches and records of corrective actions taken. The genius behind Whale Rock is Alexander Sacerdote, the companys founder, principal owner and portfolio manager. Share Tweet Email Page 1 of 5 Microsoft dropped approximately 0.1% in the past year. Overseeing third party service providers; Restricting access to customer information to those required to have access to service customer needs. If you're looking fortrustedand comprehensivesupport in managing your own finances, consider speaking to aprofessional financial advisor. whale rock capital management whale rock capital management llc whale rock rock capital management llc whale rock capital partners www whalerockcapital How do I update this listing? Whale Rocks focus is the technology, media and telecom (TMT)sector. Striking PSAC workers rally in Halifax. 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. Alex Sacerdote's long-running Whale Rock Capital, which reported banner returns in 2020, wrapped up a challenging year with a loss after getting slammed at the It sold the previously owned 3,524,359 shares for $941 million. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. We may combine the information we collect through cookies and web beacons with other information we have collected from customers or information from other sources. Like many tech-focused investors, Whale Rock has pumped money into private company stock over the last year, which helped its blended fund avoid the same losses as its public-only portfolio. Americas +1 212 318 2000. It currently manages a total of eight. to see more advanced email alert options such as selecting any type of The owner of the Site is based in the Commonwealth of Massachusetts in the United States. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. Download 13F Summary Emphasis is put on balance sheet and cash flow analysis, particularly when free cash flow is significantly lower than net income. 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. For the twelve (12) month-long period prior to the date of this Privacy Notice, Whale Rock has not sold any personal information about its customers; nor does it have any plans to do so in the future. The tech dealmaker bought $3.1 mil of SFIX at $20.83. WebWhale Rock Capital Management LLC The Company offers portfolio management, fundamental research, strategies, investment advisory, consulting, and financial planning Growth Stocks to Buy According to Alex Sacerdote It can be held back for a variety of reasons: high price, complex products, lack of an ecosystem. The firm currently employs14 advisors. In analyzing the S-curve, its important to assess both the slope of the curve as well as the height of the curve., Understanding where a technology sits along the S- curve and if you are nearing that inflection point is powerful. The article said Gerstner wanted to build a Venture Capital Read more The two most similar investment funds to Whale Rock Capital Management are First Hawaiian Bank and Junto Capital Management L.P.. Whale Rock Capital Management Review - SmartAsset It currently manages a total of eight pooled investment vehicles , six of which are hedge funds . Whale Rock Capital $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. A spokesman for the firm declined to comment. Please read the Terms carefully before you start to use the Site. In addition to connecting you withexpert advisors, SmartAsset also has various tools to help you get a snapshot of the numbers right now. The current portfolio value is Your computer may temporarily store copies of such materials in RAM incidental to your accessing and viewing those materials. When we do, we will post the change(s) on our Site. 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 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. WebCAT Rock Capital Management is a hedge fund with 7 clients and discretionary assets under management (AUM) of $3,012,365,460 (Form ADV from 2022-11-04). 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. Whale Rock Capital Management LLC - Company Profile and News When a customer logs-in and/or anyone visits our website (whalerockcapital.com or the Site) from either their computer, mobile phone, tablet, or other device, we may collect certain information from them, including their Internet Protocol (IP) address, MAC address, browser type, operating system, device-identifying information, the specific web pages visited during the connection, and the domain name from which they accessed the Site. If you do not agree to the Terms, you must not access the Site. 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. Please note that Whale Rock is only required to honor such requests twice in a twelve (12) month-long period. ? The investment objective of the Whale Rock funds is to provide consistently excellent and risk-adjusted returns. Whale Rock Capital Management - CrunchBase 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. It was also a pre-IPO investor in Latin America fintech Nubank, which went public in December. Registration neither implies a certain level of skill or training nor constitutes an endorsement by the U.S. Securities and Exchange Commission of Whale Rock Capital Management LLC's advisory services. (Reporting by Svea Herbst-Bayliss; Editing by Bernadette Baum). (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. The funds secret? Hedge Fund Losses Mount at Tiger Global, Whale Rock [1]: The firm serves as investment manager to its funds according to separate investment management agreements between each fund and Whale Rock. 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. Website Data Collection: Whale Rock reserves the right to withdraw or amend this Site, and any service or material we provide on the Site, in our sole discretion without notice. To receive an email with a temporary password,Please enter your Login ID or Email and click ENTER to completeyour password reset request. Bloomberg Law. Investors react to every move they make. The firm believes that its experience and insight are an integral part of the advantage it provides to these funds. The right to request that Whale Rock delete any personal information it has collected. Ault Global disclosed a 9.96% position in NTN Buzztime. We may use Google Analytics to evaluate use of the Site for our internal purposes such as evaluating usages of the Site. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Whale Rock Capital Management is based out of Boston. We make no claims that the Site or any of its content is accessible or appropriate outside of the United States. The Funds are generally expected to have a net long bias.. Like many websites, we analyze how visitors use our Site through what is known as cookie technology. Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds to report September losses as equity markets tumbled. 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. 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. I do not have a business relationship with any company whose stock is mentioned in this article. In the first 11 months of 2017, the fund returned 38.9 percent, far outpacing the average hedge fund's 7.6 percent gain through November. For non-personal use or to order multiple copies, please contact Investors in the funds include, The investment objective of the Whale Rock funds is to provide consistently excellent and risk-adjusted returns. The firm's hybrid strategy which holds the bulk of the firm's assets did not perform as badly, though it still fell 21.9% in the first quarter after losing 5.4% in March. containing a link to download the .zip file of the CSV file(s) you requested. Whale Rock Capital Management Investment Philosophy. Manage Products and Account Information. https://www.linkedin.com/company/whale-rock-capital-management-llc/ Alex Sacerdotes Sacerdote stopped accepting new capital in December of 2017, Nov. 2018 interview with Graham and Doddsville. Do your own research before investing and dont risk more than you can afford to lose. Everybody says tech is so unpredictable, but if you understand the way S-curves work, it actually can be quite predictable during certain time periods. Dan Ramirez - Portfolio Manager, Ashler Capi.. - Citadel | ZoomInfo In the most recent 13F filing, Whale Rock Capital Management revealed that it had opened a new position in . But that strategy may hurt them this year, as many privately held tech companies have struggled. Factbox-Why are Hollywood writers threatening to strike? Massive late-stage companies like Stripe and Instacart have been devalued by other investors and, in Instacart's case, the company's own management team. Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding. Performance 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 funds decision said. Melvin Capital Management and Light Street Capital Management both lost 15% following double-digit losses in 2021, clients said. WebFrom generating returns for our investors, to fulfilling promises to the communities in which we develop. Dead whale sparks concerns in Cape Breton. 13F filing from WHALE ROCK CAPITAL MANAGEMENT LLC, enter your Backtest and clone investor portfolios. Hedge fund XN was one of 2020s largest new funds. SEC form, multiple filers or classes of filers, and much more.***. Investors such as Tiger Global and Coatue also lost money for the quarter, as previously reported by Bloomberg. Whale Rock Surges with Winning Bets on Amazon, Microsoft, The Flight to Crypto Quality: Risk Management at Center Stage, Modern Slavery Act Transparency Statement. THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. Whale Rock uses a fundamental, research driven approach and a disciplined investment process. To submit a request to know, California residents may call Whale Rock at 617-502-9900 or visit www.whalerockcapital.com. The founder, principal owner and managing member ofWhale Rock is Alexander Sacerdote, who is also its current CEO. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, Save up to $15 with TurboTax coupon May 2023, Epic Bundle - 3x Expert Stock Recommendations, 15% Off DIY Online Tax Filing Services | H&R Block Coupon Code, 10% TopResume Discount Code for expert resume-writing services, Groupon Promo Code - 30% Off Activities, Dining, More. BOSTON, Dec 20 (Reuters) - Whale Rock Capital Management, which has returned nearly 40 percent this year, has stopped accepting new capital after its assets As of 8th August 2022, Whale Rock Capital Managements top holding is 1,439,857 shares of Microsoft currently worth over $370 million and making up 11.0% of the portfolio value. Alex Sacerdote of Whale Rock Capital Management At Insider Monkey we leave no stone unturned when looking for the next great investment idea. Whale Rock Capitals returns vs the S&P 500 going back to 2007: So how has Alex Sacerdote done it? Accordingly, our investment strategy is generally expected to be longer-term in nature. We may also use web beacons on the Site and in our emails. All investing involves risk, including loss of principal. Whale Rock Investment Strategy To Outperform The They manage Whale Rock Capital Real Estate Investment Professionals | Ventus Group Boston, MA 02110 Once a technology with an attractive S-curve is identified, along with a compelling inflection point, the next thing Sacerdote does is search for companies benefiting from the S-curve that have strong competitive advantages. 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. Everything in this blog is meant for educational and informational purposes only. Its primary purpose is to sponsor and manage pooled investment vehicles. NOW WATCH: A $445 billion fund manager explains what everyone gets wrong about the economy. Whale Rock, and the logos and marks included on the Whale Rock website that identify Whale Rock services and products are proprietary materials. WebWhale Rock Capital Management LLC is an Investment Adviser based in Boston. If you print, copy, modify, download, or otherwise use or provide any other person with access to any part of the Site in breach of the Terms, we may restrict your right to use the Site and you must, at our option, return or destroy any copies of the materials you have made. 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 You must not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on our Site, except as follows: WebWhale Rock Capital Managements hedge fund lost 15.9% for the month in the share class that invests in public and private companies, following a 9% loss last year, according to a Stocks with a size of more than $10 billion in market cap make up We may also use non-personal or aggregated information for statistical analysis, research, and other purposes. Is a crash imminent? Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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 See below Sharing of Personal Information for more details. As a result, each fund's investment strategy is typically expected to be longer-term in nature. 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 One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. 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 Their last reported 13F filing for Q4 2022 included $2,975,015,508 in managed 13F securities Hedge fund Whale Rock stops taking in new money amid strong Several big-name tech investors, such as Tiger Global and Coatue, also lost money in the quarter. [2]: Whale Rocks top investments, according to a regulatory filing, include Canadian e-commerce company Shopify and Chinese e-commerce company Alibaba Group Holding Ltd. The once high-flying fund headed by Alex Sacerdote has been struggling to find the right stocks for its portfolio. Since inception in 2006, Whale Rock has invested globally with a focus on the Its larger hybrid strategy, which also invests in start-ups, fell nearly 22% in the quarter. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. The use of such terms and logos and marks without the express written consent of Whale Rock is strictly prohibited. And over the last year, Whale Rocks 13F holdings have produced a 18.97% return 17th best among hedge funds. 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). This copy is for your personal, non-commercial use only. . This review was produced by SmartAsset based on publicly available information. 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. Maintaining up-to-date virus definitions, firewall protections, and operating system security patches; BOSTON, MA EMEA +44 20 7330 7500. Their last 44% of the total holdings value. Its larger hybrid strategy, which also invests in start If any special categories of personal data (as defined under the European Data Privacy Laws) have been provided to Whale Rock to enable us to respond to certain requests such as access requests or scheduling of meetings or similar requirements, Whale Rock does so with consent and/or on the grounds of legal necessity. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. To learn how Google Analytics collects and processes data, please visit: How Google uses data when you use our partners sites or apps located at www.google.com/policies/privacy/partners. The firm's public-only fund fell 19.2% for the year after losing 11% in December. Collect data through automated means, such as through scrapers, spiders, robots, or other harvesting programs (collectively referred to as Auto Data Collection). If we change this policy in a material and retroactive manner, we will provide appropriate notice. Existing investors, including Spark Growth (Spark Capital), Goldman Sachs, Temasek, and Adage Capital Management also Flywire Announces Additional Funding and New Whale Rock Capital Management Fund Performance History Nothing on the public portion of the Site is an offer to sell securities or a solicitation of an offer to buy securities. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. https://www.linkedin.com/company/whale-rock-capital-management-llc/, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, % of top 20 holdings the same as top 20 most commonly held by all managers. 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. PETER M SACERDOTE INVESTMENT PARTNERS, L.P. CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL. 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. Minimum account investments vary by fund. There are currently 34 companies in Mr. Sacerdotes portfolio. WebWhale Rock Capital Management LLC is an SEC Registered Investment Adviser based in Boston. Whale Rock Capitals portfolio was worth $15 billion by the second quarter of this year, and it consisted of investments made in 77 different companies. NEITHER THE COMPANY NOR ANY PERSON ASSOCIATED WITH THE COMPANY MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE WEBSITE. By using the Site, you accept and agree to be bound by the Terms. 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. Quickly find out what the most recently closed or increased positions are. 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. The firm provides investment advice solely to these funds and does not tailor portfolio management services to the individual needs of investors in the funds. Access to the Site may not be legal by certain persons or in certain countries. Whale Rock Capitals returns have been hard to beat. Boston, Massachusetts, United States 11-50 Venture Investment Advisor How has the former analyst and sector portfolio manager at Fidelity Investments vastly outperformed most other tech managers since setting up Whale Rock in 2006? 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. Sacerdotes secret is identifying an emerging technology and determining where the technology is on its S-curve. From a Nov. 2018 interview with Graham and Doddsville: All technology adoption starts very slowly. Whale Rock Capital Management LLC of 2 International Place, 24th Floor, Boston, MA 02110, US (Whale Rock) and the investment funds for which it serves as investment manager may collect nonpublic information, including personal data as defined under applicable European Data Privacy Laws (defined below), of Whale Rocks customers. All financial companies need to share customers information to run their everyday business. 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). CAT ROCK CAPITAL MANAGEMENT LP Information collected by Whale Rock may be nonpublic personal information or NPI subject to the SECs Regulation S-P. For more information on how we collect, use and share NPI, please see our Reg. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). The Whale Rock Capital Management office and employees reside in Boston, Massachusetts. Tiger Global, headed by longtime industry darling Chase Coleman, fell particularly hard, posting a shocking 34% drop for the first quarter. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAssets reviews. Asia Pacific +65 6212 1000. 13F Filings Whale Rock Capital Management LLC is an investment management firm with more than $15 billion in assets under management (AUM). Whale Rock Capital Managements portfolio is diversified across 6 sectors. Subway shed more stores ahead of potential $10 billion sale: document, Hollywood writers, studios stage last-minute talks as strike deadline looms. To submit a request for deletion, California residents may call Whale Rock at 617-502-9900 or visit www.whalerockcapital.com. Each investor in the funds must be an "accredited investor" as defined by the Securities Act of 1933 and they must also be a "qualified purchaser" as defined by the Investment Company Act of 1940. $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. If you're looking fortrustedand comprehensivesupport in managing your own finances, consider speaking to a, The firm serves as investment manager to its funds according to separate investment management agreements between each fund and Whale Rock. for WHALE ROCK CAPITAL MANAGEMENT LLC, Top 20 equal-weighted holdings. Monolithic Pwr Sys Inc and bought 729,061 shares worth $280 million. Whale Rock's decision to turn away potential new clients comes as many hedge funds struggle to find profitable investment ideas and as several prominent managers are returning some or all capital to clients. In this event, Whale Rock may provide additional information that it believes may be of interest, including about services, news updates, research or market commentary, conferences, or events offered by or in conjunction with Whale Rock. SAN CARLOS, Calif. Dan Sundheim's D1 Capital was similarily able to use its large privates book to help assuage losses in his public portfolio, which fell 12% halfway through December, according to the Wall Street Journal. Sometimes understanding the S-curve can help you time your exit as well. 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. Sign up for notifications from Insider! THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. Their last reported 13F filing for Q4 2022 included $543,870,263 in managed 13F securities and a top 10 holdings concentration of 96.3%. Microsoft dropped approximately 0.1% in the past year. Finding a financial advisor doesn't have to be hard. Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. This is not an offer to buy or sell any security or interest. OriginalWhaleScore This article expresses my own opinions, and I am not receiving compensation for it (other than from WhaleWisdom). We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. All quotes delayed a minimum of 15 minutes. Currently, Whale Rock Capital Management's portfolio is worth at least $3.37 billion. Over the last five years, the firm has returned an average 21 percent a year. % of Portfolio. The firm provides investment advice solely to these funds and does not tailor portfolio management services to the individual needs of investors in the funds. Also, scroll over any city to learn about the cost of living in retirement for that location. 212Q3Whale Rock Capital Management Amazone Shopifye Crowdstrike Bill Com Alphabet 3192.48% At some point, these barriers are removed, and the technology moves on the S- curve from the early adopter phase into the majority phase. on the official website of the Securities & Exchange Commission (SEC). This Privacy Policy also addresses how Whale Rock complies with Massachusetts and California data security and consumer privacy regulations.