But that strategy may hurt them this year, as many privately held tech companies have struggled. Copyright in the pages and in the screens of the Site, and in the information and material therein, is proprietary material owned by Whale Rock unless otherwise indicated. Its larger hybrid strategy, which also invests in start Once significant trends and inflection points are identified, we look for companies whose sales and profits will benefit from these trends and that have at least some of the following characteristics: strong business models and competitive advantages, underappreciated earnings power, reasonable valuations and good management.. We make no claims that the Site or any of its content is accessible or appropriate outside of the United States. It was also a pre-IPO investor in Latin America fintech Nubank, which went public in December. The tech dealmaker bought $3.1 mil of SFIX at $20.83. matches you with financial advisors in just five minutes. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. (617) 502-9900. 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. whale If any customers have any questions or wish to raise any concerns, they can contact Whale Rock or raise a concern with the relevant supervisory authority in their country of residence in accordance with the European Data Privacy Laws (as applicable). How do I update this listing? Use any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text. A full description of all fees, expenses and compensation will be included in detail in each set of offering materials or agreements. Whale Rock Capital Management is based out of Boston. This makes their stake in Microsoft total 1,439,857 shares worth $370 million. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. These positions were updated on August 15th based on the funds latest 13F filing. The genius behind Whale Rock is Alexander Sacerdote, the companys founder, principal owner and portfolio manager. Their last reported 13F filing for Q4 2022 included $2,975,015,508 in managed 13F securities 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. Shares Owned. Whale Rock Capital Management Fund Performance History 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. Whale Rock lost 9% in 2021 in its blended public-private fund, documents show. . NOW WATCH: A $445 billion fund manager explains what everyone gets wrong about the economy. ? 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. The funds secret? Collect data through automated means, such as through scrapers, spiders, robots, or other harvesting programs (collectively referred to as Auto Data Collection). for a sense of how much a particular investment might be worth as well as its growth over time. On the other hand, there are companies that Whale Rock Capital Management is getting rid of from its portfolio. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. The management fee at Whale Rock is fixed and ranges from 1% to 1.75% per year. Stocks with a size of more than $10 billion in market cap make up Bill Gurleys Stitch Fix insider buying comes as the stocks short interest soars. To exercise any of these rights, customers should send the request to the email below. Alex Sacerdotes Sacerdote stopped accepting new capital in December of 2017, Nov. 2018 interview with Graham and Doddsville. 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). Maintaining up-to-date virus definitions, firewall protections, and operating system security patches; Backtest and clone investor portfolios. YOUR USE OF THE WEBSITE, ITS CONTENT, AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE IS AT YOUR OWN RISK. Bloomberg Terminal. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Nothing in the public portion of the Site constitutes advice regarding, or a recommendation of, the purchase or sale of a security. $13 billion hedge fund Whale Rock Capital suffered big losses in 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. Whale Rock Capitals returns have been hard to beat. EMEA +44 20 7330 7500. The investment fund also strengthened its position in Microsoft by buying Whale Rock Capital Management - Insider Monkey 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. However, if youre an investor looking to invest with Whale Rock Capital, forget about it Sacerdote stopped accepting new capital in December of 2017, capping the fund at $2.5 billion. 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. Two International Place, 24th FL The right to request that Whale Rock delete any personal information it has collected. These terms permit you to use the Site for your personal or internal business use only. All changes are effective immediately when we post them and apply to all access to and use of the Website thereafter. That said, as an SEC-registered investment manager, the firm is legally obligated to uphold itsfiduciary dutyand work in clients best interests at all times. Already a subscriber? 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. Where the European Data Privacy Laws apply, the relevant individual whose personal data is processed by Whale Rock has certain rights relating to their personal data in accordance with and subject to the European Data Privacy Laws including to: (i) check whether Whale Rock holds personal data about them and to access such personal data; (ii) request the correction of personal data that is inaccurate; (iii) have a copy of the personal data provided to another data controller (as defined under the European Data Privacy Laws) where technically feasible; (iv) request the erasure of the personal data; and (v) request the restriction of processing the personal data. Microsoft dropped approximately 0.1% in the past year. 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. At that point a massive wave of demand kicks in, and you can see three to four years of incredible unit growth. (Reporting by Svea Herbst-Bayliss; Editing by Bernadette Baum). WebFrom generating returns for our investors, to fulfilling promises to the communities in which we develop. CAT ROCK CAPITAL MANAGEMENT LP . 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. All text and design is copyright 2020 WhaleWisdom.com. Melvin Capital Management and Light Street Capital Management both lost 15% following double-digit losses in 2021, clients said. Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds to report September losses as equity markets tumbled. 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 BOSTON, Dec 20 (Reuters) - Whale Rock Capital Management, which has returned nearly 40 percent this year, has stopped accepting new capital after its assets We may also use web beacons on the Site and in our emails. To submit a request to know, California residents may call Whale Rock at 617-502-9900 or visit www.whalerockcapital.com. We may also use non-personal or aggregated information for statistical analysis, research, and other purposes. It sold the previously owned 3,524,359 shares for $941 million. Create Email Alert, ***Log In or 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. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Americas +1 212 318 2000. Average Retirement Savings: How Do You Compare? Whale Rock Capitals returns have been - WhaleWisdom Alpha See here for a complete list of exchanges and delays. To submit a request for deletion, California residents may call Whale Rock at 617-502-9900 or visit www.whalerockcapital.com. The oversubscribed financing round, which was led by Whale Rock Capital, included new investors D1 Capital, T. Rowe Price, Fidelity, Park West, Standard Industries, Atreides, and numerous existing investors. 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. 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). Largest Hedge Funds Managed byWhale Rock Capital Management, Whale Rock Long Opportunities Master Fund, LP. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Whale Rock Capital Management Investment Philosophy. 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. Change in Shares. 44% of the total holdings value. PETER M SACERDOTE INVESTMENT PARTNERS, L.P. CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL. 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. In addition to connecting you withexpert advisors, SmartAsset also has various tools to help you get a snapshot of the numbers right now. Alex Sacerdote also disclosed a decreased stake in MongoDB Inc by 0.6%. Note that browser-management tools for cookies are outside of our control and we cannot guarantee their effectiveness. Please note that Whale Rock is only required to honor such requests twice in a twelve (12) month-long period. 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. Monolithic Pwr Sys Inc and bought 729,061 shares worth $280 million. 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. 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. 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 collects personal information to fulfil its contractual obligations, statutory obligations and/or its legitimate interest and for other purposes for which Whale Rock has a lawful basis under the European Data Privacy Laws, including: (i) for compliance with legal and regulatory requirements such as regulations aimed at prevention of money laundering or terrorist financing or Know your Client requirements, as well as to verify Alex Sacerdote of Whale Rock Capital Management At Insider Monkey we leave no stone unturned when looking for the next great investment idea. [1]: Bloomberg Law. Sign up for notifications from Insider! Whale Rock Capital $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. 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. Whale Rock Capital Management closed its position in Bill.com Inc on 15th It currently manages a total of eight. Whale Rock Since inception in 2006, Whale Rock has invested globally with a focus on the Technology, Whale Rock Capital The two most similar investment funds to Whale Rock Capital Management are First Hawaiian Bank and Junto Capital Management L.P.. Growth to continue post-pandemic? Whale Rock Capital Management has met the qualifications for inclusion in our WhaleScore system. Whale Rocks top investments, according to a regulatory filing, include Canadian e-commerce company Shopify and Chinese e-commerce company Alibaba Group Holding Ltd. Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding. for WHALE ROCK CAPITAL MANAGEMENT LLC, Top 20 equal-weighted holdings. WebWhale Rock Capital Management LLC is an SEC Registered Investment Adviser based in Boston. Alt Turnover is calculated by taking either the total MV of new purchases or You are limited to the prior 8 quarters of 13F filings. 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). $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. The total portfolio value may be much higher due to cash This article expresses my own opinions, and I am not receiving compensation for it (other than from WhaleWisdom). Track Hedge Funds Using 13F Filings and Data from the Whales 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. Whale Rocks focus is the technology, media and telecom (TMT)sector. 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. First inquiry recommendations due soon. Back in 2013, Bloomberg ran a profile of Brad Gerstner's Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer -- an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. Gaurav Kapadia is off to an impressive start. 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 industry's limelight since its launch in 2006. There are no guarantees that working with an adviser will yield positive returns. When we do, we will post the change(s) on our Site. 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. The firm was the lead investor of Brazilian start-up Flash's $100 million round last month, and was a part of fintech Cross River's $620 million fundraise at the end of March. It currently manages a total of eight pooled investment vehicles , six of which are hedge funds . The firm serves as investment manager to its funds according to separate investment management agreements between each fund and Whale Rock. are based in the United States. Physical safeguards including restricted elevator access to its offices and full-time staffed reception desk to check people who arrive at the office. Whale Rock's private investing team was busy as the year closed, with 10 investments since August's start, including Databricks' Series H and Coalition's Series E, which it was the lead investor on. 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. Whale Rock Capital Management's largest holding is Netflix Inc with shares held of 899,506. In addition, we may collect information about browsing behavior, such as the date and time they visit the Site, the areas or pages of the Site that they visit, the amount of time they spend viewing the Site, the number of times they return to the Site and other clickstream data. 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. This will schedule a job to export all requested 13f holdings data for this filer. I do not have a business relationship with any company whose stock is mentioned in this article. 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. Red Rock Capital Over the last five years, the firm has returned an average 21 percent a year. Whale Rock Capital Management Review - SmartAsset The funds 10-year annualized performance of 25.57% is #2 among all funds in the WhaleWisdom.com database. Over the last three years, the fund ranks #14 out of the 807 hedge funds with over 9 positions, sporting a 30.52% annual return. To receive an email with a temporary password,Please enter your Login ID or Email and click ENTER to completeyour password reset request. These terms, together with the Privacy Policy (collectively, the Terms of Use and Privacy Policy are referred to as Terms) govern, as a condition to accessing and using this Site, any content, functionality or services offered on or through this Site, as well as all information about you collected by this Site whether such information is collected automatically, through the use of cookies and equivalent technology, or if provided by you. If you're looking fortrustedand comprehensivesupport in managing your own finances, consider speaking to aprofessional financial advisor. 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. Share Tweet Email Page 1 of 5 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. All quotes delayed a minimum of 15 minutes. In addition, to comply with Massachusetts Data Security Regulation and other applicable laws, Whale Rock has developed a process to ensure confidentiality and integrity of personal information, maintained by the firm and its administrators that could create the risk of identity theft or fraud against a resident of the Commonwealth of Massachusetts and have codified the policies and procedures in writing. Whale Rock Capital Management: Employee Directory (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. Over the last five years, the firm has returned an average 21 percent a year. Currently, Whale Rock Capital Management's portfolio is worth at least $3.37 billion. Such investors differ from retail investors orindividual investors, who might be taking a more DIY approachorenlisting the services of a financial advisor. WebAnd annual 13F returns of 30% since 2011. This leaves the value of the investment at $131 million and 504,292 shares. https://www.wsj.com/articles/growth-hedge-funds-suffer-worst-rout-in-years-11643824096. All financial companies need to share customers information to run their everyday business. Investors such as Tiger Global and Coatue also lost money for the quarter, as previously reported by Bloomberg. BOSTON, MA Asia Pacific +65 6212 1000. California residents may also designate an authorized agent to make a request for deletion on their behalf on Whale Rocks website at www.whalerockcapital.com. You are able to understand how fast units might grow over a three to five year period. Whale Rock Capital Management corporate office is located in Two International Place Fl 24, Boston, Massachusetts, 02110, United States and has 44 employees. 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. 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. Several big-name tech investors, such as Tiger Global and Coatue, also lost money in the quarter. Growth Stocks to Buy According to Alex Sacerdotes Whale Rock Capital assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. TO THE FULLEST EXTENT PROVIDED BY LAW, WHALE ROCK WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY A DISTRIBUTED DENIAL-OF-SERVICE ATTACK, VIRUSES, OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL THAT MAY INFECT YOUR COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA, OR OTHER PROPRIETARY MATERIAL DUE TO YOUR USE OF THE WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE OR TO YOUR DOWNLOADING OF ANY MATERIAL POSTED ON IT, OR ON ANY WEBSITE LINKED TO IT. From time to time, Whale Rock may restrict access to some parts of the Site, or the entire Site, to Users. 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. An equal-weighted portfolio of Whale Rocks top ten long 13F positions, rebalanced quarterly, has averaged 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. A customer/relevant individual whose email address is used for such communications has the right to unsubscribe by emailing Whale Rock (see below) or by following the instructions in any such communication, e.g. Factbox-Why are Hollywood writers threatening to strike? Whale Rock Capital Management LLC is a limited liability company formed in March 2006. This Privacy Policy also addresses how Whale Rock complies with Massachusetts and California data security and consumer privacy regulations. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. % of Portfolio. Boston, Massachusetts, United States 11-50 Venture Whale Rock Capital Management 13F annual report Of course, 13F filings do not disclose the short holdings of funds, so anyone replicating the 13F investments of Whale Rock is not benefiting from the managers short ideas. 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. Investment Strategy To Outperform The WebWhale 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). Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. Registration with the SEC as an Investment Advisor does not imply any level of skill or training. containing a link to download the .zip file of the CSV file(s) you requested. The use of such terms and logos and marks without the express written consent of Whale Rock is strictly prohibited. Nothing on the public portion of the Site is an offer to sell securities or a solicitation of an offer to buy securities. They manage Alex Sacerdote's Hedge Fund Whale Rock Slammed in 2022's Stock. 729,061 shares of Monolithic Pwr Sys Inc worth $280 million, Monolithic Pwr Sys Inc and bought 729,061 shares worth $280 million, Microsoft total 1,439,857 shares worth $370 million. The largest hedge fund managers 2021 Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. And over the last year, Whale Rocks 13F holdings have produced a 18.97% return 17th best among hedge funds. In addition, Whale Rock may, with consent if legally required under the European Data Privacy Rights, process personal information in order to communicate with the customers for marketing purposes.
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