California residents may also designate an authorized agent to make a request for access on their behalf on Whale Rocks website at www.whalerockcapital.com. Bill Gurleys Stitch Fix insider buying comes as the stocks short interest soars. From time to time, Whale Rock may restrict access to some parts of the Site, or the entire Site, to Users. This Privacy Policy applies to the processing of personal information to process and administer Whale Rocks customers business needs and to ensure that we are satisfying their financial needs. Note that browser-management tools for cookies are outside of our control and we cannot guarantee their effectiveness. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. 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 Fatal crash in Riverview, N.B. 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. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. Stay up to date with what you want to know. Is a crash imminent? to see more advanced email alert options such as selecting any type of Becoming a Client ofWhale Rock Capital Management. Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds to report September losses as equity markets tumbled. 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. Everything in this blog is meant for educational and informational purposes only. (617) 502-9900. The owner of the Site is based in the Commonwealth of Massachusetts in the United States. Microsoft dropped approximately 0.1% in the past year. Alex Sacerdote also disclosed a decreased stake in MongoDB Inc by 0.6%. Growth to continue post-pandemic? NOW WATCH: A $445 billion fund manager explains what everyone gets wrong about the economy. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. Sign-up The total portfolio value may be much higher due to cash Maintaining up-to-date virus definitions, firewall protections, and operating system security patches; In addition to connecting you withexpert advisors, SmartAsset also has various tools to help you get a snapshot of the numbers right now. These procedures include: Designation of one or more individuals responsible for maintaining and monitoring the information security program; Boston, Massachusetts, United States 11-50 Venture It can be held back for a variety of reasons: high price, complex products, lack of an ecosystem. Their last reported 13F filing for Q4 2022 included $2,975,015,508 in managed 13F securities Whale Rock may revise and update these Terms from time to time in our sole discretion. 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. I or my associates may hold positions in the stocks discussed. 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. 44% of the total holdings value. We may change this Privacy Policy from time to time, including as required to keep current with rules and regulations, new technologies and security standards. Whale Rock uses a fundamental, research driven approach and a disciplined investment process. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. As a result, each fund's investment strategy is typically expected to be longer-term in nature. But that strategy may hurt them this year, as many privately held tech companies have struggled. 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. Asia Pacific +65 6212 1000. Whale Rock Capital Management closed its position in Bill.com Inc on 15th on the official website of the Securities & Exchange Commission (SEC). Several big-name tech investors, such as Tiger Global and Coatue, also lost money in the quarter. This article expresses my own opinions, and I am not receiving compensation for it (other than from WhaleWisdom). 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. 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. This makes their stake in Microsoft total 1,439,857 shares worth $370 million. whale rock capital management whale rock capital management llc whale rock rock capital management llc whale rock capital partners www whalerockcapital 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. 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. The Long Opportunities Funds investment minimum is $5 million. Portfolio Manager, Ashler Capital at Citadel . The largest investments include Microsoft and Monolithic Pwr Sys Inc, together worth $650 million. Registration with the SEC as an Investment Advisor does not imply any level of skill or training. Collect data through automated means, such as through scrapers, spiders, robots, or other harvesting programs (collectively referred to as Auto Data Collection). Bloomberg Tax. Value. The genius behind Whale Rock is Alexander Sacerdote, the companys founder, principal owner and portfolio manager. for WHALE ROCK CAPITAL MANAGEMENT LLC, Top 20 equal-weighted holdings. 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). 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. Whale Rock Capitals returns have been hard to beat. The Funds investment strategy includes using leverage in pursuit of additional return. Whale Rock will exercise appropriate due diligence in the selection of its third-party service providers, and require that such providers maintain adequate technical and organizational security measures to safeguard personal information, and to process personal information only as instructed by Whale Rock or a member of the Whale Rocks group of affiliates. Whale Rock Capitals returns have been extraordinary. 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. All financial companies need to share customers information to run their everyday business. Physical safeguards including restricted elevator access to its offices and full-time staffed reception desk to check people who arrive at the office. Of course, all current and potential clients should be aware that no investment strategy can guarantee againstriskof loss. The funds 10-year annualized performance of 25.57% is #2 among all funds in the WhaleWisdom.com database. When it comes to creating wealth by investing in TMT, Whale Rock Capitals returns are in a league of their own. If we change this policy in a material and retroactive manner, we will provide appropriate notice. 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. Investors such as Tiger Global and Coatue also lost money for the quarter, as previously reported by Bloomberg. Hedge Fund If you are an accredited investor and wish to become a client of Whale Rock Capital Management, you can. 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? by clicking on the link to unsubscribe. Subway shed more stores ahead of potential $10 billion sale: document, Hollywood writers, studios stage last-minute talks as strike deadline looms. Dan received a 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. Since inception in 2006, Whale Rock has invested globally with a focus on the Technology, 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. Whale Rock may disclose personal information with its affiliated Whale Rock companies and brokers, banks, agents, employees, and third parties who need to know to perform services on the customers behalf and to other third parties, including but not limited to the following types of third parties: Financial service providers, such as Whale Rocks administrator, placement agent and prime broker registered broker/dealers, auditors, regulators, and transfer agents in order to service customer accounts and/or who assist Whale Rock as part of the ordinary course of servicing your investments or providing any other services to you; Legal representatives of Whale Rock, such as our counsel, accountants and auditors; Third parties who perform marketing services for Whale Rock or with whom we have entered into joint marketing agreements for services or information about services that you have requested; Parties to a dispute or litigation, and their representatives and advisors, or regulatory or governmental authorities or otherwise as permitted by law; Any other service providers. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. BOSTON, Dec 20 (Reuters) - Whale Rock Capital Management, which has returned nearly 40 percent this year, has stopped accepting new capital after its assets 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. We may use cookies to: (1) allow them to use the Site without having to re-enter their user name and password; (2) enhance or personalize Site usage; (3) monitor Site usage; (4) manage the Site; and (5) improve the Site and our services. 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. 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. WebWhale Rock Capital Management LLC The Company offers portfolio management, fundamental research, strategies, investment advisory, consulting, and financial planning Growth Hedge Funds Suffer Worst Rout in Years. When adoption gets close to 50%, growth can rapidly decelerate.. The current portfolio value is Equal-WTWhaleScore 2.0 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 All rights reserved. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Alex Sacerdotes Sacerdote stopped accepting new capital in December of 2017, Nov. 2018 interview with Graham and Doddsville. Nothing on the public portion of the Site is an offer to sell securities or a solicitation of an offer to buy securities. The firm currently employs14 advisors. Backtest and clone investor portfolios. Whale Rocks focus is the technology, media and telecom (TMT)sector. Investment Advisor 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 The flagship at $9 billion Whale Rock, which focuses on technology, media and telecommunications, jumped 6.2%, extending this years returns to 47%. 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. A spokesman for the firm declined to comment. You are able to understand how fast units might grow over a three to five year period. Americas +1 212 318 2000. This Privacy Policy also addresses how Whale Rock complies with Massachusetts and California data security and consumer privacy regulations. Since inception in 2006, Whale Rock has invested globally with a focus on the WebSubscribe to WhaleWisdom to view all filing data for MELVIN CAPITAL MANAGEMENT LP Portfolio Performance Top 20 equal-weighted holdings. EMEA +44 20 7330 7500. Bloomberg Law. Microsoft dropped approximately 0.1% in the past year. Like many websites, we analyze how visitors use our Site through what is known as cookie technology. I do not have a business relationship with any company whose stock is mentioned in this article. Access to the Site may not be legal by certain persons or in certain countries. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output, and for maintaining a means external to our Site for any reconstruction of any lost data. Cities where $1 million lasted the longest ranked the highest in the study. 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. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. Whale Rock Capital Managements portfolio is diversified across 6 sectors. Whale Rock Surges with Winning Bets on Amazon, Microsoft, The Flight to Crypto Quality: Risk Management at Center Stage, Modern Slavery Act Transparency Statement. Webtracks and analyzes hedge fund filings in real-time. 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. 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: Its larger hybrid strategy, which also invests in start-ups, fell nearly 22% in the quarter. 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. Industrial Alliance Investment Management, Stocks and cryptocurrency portfolio tracker. King's County crash injures teen. % of Portfolio. 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 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 The firm's public-only fund fell 19.2% for the year after losing 11% in December. Investors react to every move they make. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Users continued use of the Site following the posting of revised Terms means that you accept and agree to the changes. Whale Rock's overall strategyseeks to identify technological, social and economic trends that are advantageous to the investment process. GENERAL PARTNER PETER M SACERDOTE INVESTMENT PARTNERS, L.P. WHALE ROCK LONG OPPORTUNITES MASTER FUND, LP. Already a subscriber? Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). 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 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. BOSTON, MA Existing investors, including Spark Growth (Spark Capital), Goldman Sachs, Temasek, and Adage Capital Management also According to the last 13-F report filed with the SEC, Alex Sacerdote serves as the Authorized Person at Whale Rock Capital Management. Sign up for notifications from Insider! Whale Rock Capital Management's largest holding is Netflix Inc with shares held of 899,506. 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. S-P Privacy Notice, available at: www.whalerockcapital.com. Copyright 2023 Whale Rock Capital Management LLC. Whale Rock Capital Management is based out of Boston. Whale Rock Capital Management LLC containing a link to download the .zip file of the CSV file(s) you requested. The article said Gerstner wanted to build a Venture Capital Read more From 02/24/08 to 02/19/21, this strategy would have produced an annualized return (CAGR) of 18.7%, significantly more than the 10.7% CAGR of the S&P 500 ETF. You must have a subscription to view WhaleScore histories. 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%. Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only toaccredited investors. 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. the MV of securities sold, whichever is less, At that point a massive wave of demand kicks in, and you can see three to four years of incredible unit growth. 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. Premium. The management fee at Whale Rock is fixed and ranges from 1% to 1.75% per year. Whale Rock will endeavor to honor customers requests unless such a request conflicts with certain lawful exemptions under the CCPA. In addition, the fund holds 729,061 shares of Monolithic Pwr Sys Inc worth $280 million. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Please note that Whale Rock is only required to honor such requests twice in a twelve (12) month-long period. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. S&P 500WhaleScore The Funds are generally expected to have a net long bias.. Distribution and use of this material are governed by 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. At the start of 2021, Whale Rock was one of the toasts of the industry after having returned 71% in its blended long-short fund for 2020, and 86% in its long-only offering. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. 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). Melvin Capital Management and Light Street Capital Management both lost 15% following double-digit losses in 2021, clients said. Sometimes understanding the S-curve can help you time your exit as well. Our Standards: The Thomson Reuters Trust Principles. Web beacons are tiny graphic images that are used to collect information about a visit to the Site, such as the pages a visitor views and the features used, as well as information about whether they open and/or act upon one of our emails. Login. Whalewisdom has at least 70 13F filings, 1 13D filings, 49 13G filings, and 2 Form 4 filings. Whale Rocks 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. 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. The tech dealmaker bought $3.1 mil of SFIX at $20.83. Do your own research before investing and dont risk more than you can afford to lose. For example, the Flagship Funds and the Hybrid Funds require a minimum investment of $1million. You can view its latestForm ADVon the official website of the Securities & Exchange Commission (SEC). Hedge fund XN was one of 2020s largest new funds. WITHOUT LIMITING THE FOREGOING, NEITHER WHALE ROCK NOR ANYONE ASSOCIATED WITH THE COMPANY REPRESENTS OR WARRANTS THAT THE WEBSITE, ITS CONTENT, OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL BE ACCURATE, RELIABLE, ERROR-FREE, OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED, THAT OUR SITE OR THE SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR THAT THE WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS. Zoom between states and the national map to see the top spots in each region. This content is from: To submit a request for deletion, California residents may call Whale Rock at 617-502-9900 or visit www.whalerockcapital.com. An equal-weighted portfolio of Whale Rocks top ten long 13F positions, rebalanced quarterly, has averaged If you do not agree to the Terms, you must not access the Site. Stocks with a size of more than $10 billion in market cap make up These may be waived or reduced with respect to particular investors. We make no claims that the Site or any of its content is accessible or appropriate outside of the United States. Boston, MA 02110 The third-largest holding is Intuit Inc worth $264 million and the next is Splunk Inc worth $243 million, with 2,748,086 shares owned. https://www.linkedin.com/company/whale-rock-capital-management-llc/ Stock markets .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}selloff in January dealt double-digit losses to a range of hedge funds investing in technology and other fast-growing companies, sparking questions about whether a popular and lucrative strategy for these firms is running out of steam. Largest Hedge Funds Managed byWhale Rock Capital Management, Whale Rock Long Opportunities Master Fund, LP. 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. Take a look at. SEC form, multiple filers or classes of filers, and much more.***. It is the policy of Whale Rock to restrict access to personal information to those employees, agents, representatives or third parties that need to know the information to provide products and services to its customers. Security Measures: Quickly find out what the most recently closed or increased positions are. Here are the 10 most popular hedge fund managers in WhaleWisdom. For non-personal use or to order multiple copies, please contact Download 13F Summary ? The investment fund also strengthened its position in Microsoft by buying The firm serves as investment manager to its funds according to separate investment management agreements between each fund and Whale Rock. 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