Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds to report September losses as equity markets tumbled. Currently, Whale Rock Capital Management's portfolio is worth at least $3.37 billion. . The average market cap of the portfolio companies is close to $119 billion. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Do your own research before investing and dont risk more than you can afford to lose. Melvin Capital Management and Light Street Capital Management both lost 15% following double-digit losses in 2021, clients said. On the other hand, small-cap stocks make up only 5.9% of the portfolio. 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. Two International Place, 24th FL WebWhale Rock Capital Management LLC The Company offers portfolio management, fundamental research, strategies, investment advisory, consulting, and financial planning Web beacons help us analyze our Site visitors behavior and measure the effectiveness of the Site. Its primary purpose is to sponsor and manage pooled investment vehicles. 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. Striking PSAC workers rally in Halifax. 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: Industrial Alliance Investment Management, Stocks and cryptocurrency portfolio tracker. Fatal crash in Riverview, N.B. Whale Rock Capital Management - Insider Monkey (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. Exercise of these rights will have no adverse effect on the price and quality of Whale Rocks services. The largest investments include Microsoft and Monolithic Pwr Sys Inc, together worth $650 million. Whale Rock Capital Management LLC is an investment management firm with more than $15 billion in assets under management (AUM). The tech dealmaker bought $3.1 mil of SFIX at $20.83. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Its larger hybrid strategy, which also invests in start This article expresses my own opinions, and I am not receiving compensation for it (other than from WhaleWisdom). 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. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. Whale Rock retains personal data for a period of at least six (6) years from the date on which the relevant business relationship, for which purpose such personal data was provided, has ended. 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. In addition, the fund holds 729,061 shares of Monolithic Pwr Sys Inc worth $280 million. 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. S-P Privacy Notice, available at: www.whalerockcapital.com. Their last reported 13F filing for Q4 2022 included $2,975,015,508 in managed 13F securities Transactions, account balances, account history, and transactions with us, affiliates or third parties. 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. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. About : whalerock Nothing on the public portion of the Site is an offer to sell securities or a solicitation of an offer to buy securities. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Alex Sacerdote's Hedge Fund Whale Rock Slammed in 2022's (Reporting by Svea Herbst-Bayliss; Editing by Bernadette Baum). Whale Rock uses a fundamental, research driven approach and a disciplined investment process. Since inception in 2006, Whale Rock has invested globally with a focus on the Technology, Media and Telecom sectors. These positions were updated on August 15th based on the funds latest 13F filing. Registration with the SEC as an Investment Advisor does not imply any level of skill or training. 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 are able to understand how fast units might grow over a three to five year period. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. The performance allocation usually ranges from 15% to 20% of a fund's realized or unrealized net profit or capital appreciation (i.e. Whale Rock has increased its bets on private stocks, similar to other tech-focused hedge funds. If you do not agree to the Terms, you must not access the Site. Value. Whalewisdom has at least 70 13F filings, 1 13D filings, 49 13G filings, and 2 Form 4 filings. 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. Last year, Whale Rock lost 19.2% in its public-only fund, but only fell 9% in its blended strategy, for example. 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. [1]: It was also a pre-IPO investor in Latin America fintech Nubank, which went public in December. 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. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. SEC form, multiple filers or classes of filers, and much more.***. 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. Sacerdote is definitely not a household name, but deserves to be mentioned among the elite fund managers working today. Tiger Global, headed by longtime industry darling Chase Coleman, fell particularly hard, posting a shocking 34% drop for the first quarter. BOSTON, MA The current portfolio value is Bloomberg Terminal. Alt Turnover is calculated by taking either the total MV of new purchases or 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. Whale Rock Capital Management is based out of Boston. Copyright 2023 Whale Rock Capital Management LLC. Whale Rock Capital Management is an investment fund managing more than $3.37 billion ran by Alex Sacerdote. 13F Filings assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Stay up to date with what you want to know. These procedures include: Designation of one or more individuals responsible for maintaining and monitoring the information security program; The management fee at Whale Rock is fixed and ranges from 1% to 1.75% per year. The flagship at $9 billion Whale Rock, which focuses on technology, media and telecommunications, jumped 6.2%, extending this years returns to 47%. Ownership History. 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 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. Whale Rock Capital Management's largest holding is Netflix Inc with shares held of 899,506. Hedge Fund Losses Mount at Tiger Global, Whale Rock Whale Rock complies with the California Consumer Privacy Act of 2018 (CCPA) by providing California residents with the following rights with respect to their personal information: The right to know what personal information Whale Rock has collected, used, disclosed and sold. We make no claims that the Site or any of its content is accessible or appropriate outside of the United States. 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. Whale Rocks focus is the technology, media and telecom (TMT)sector. To continue reading, subscribe now to Premium Journalism. 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? Whale Rock will endeavor to honor customers requests unless such a request conflicts with certain lawful exemptions under the CCPA. It currently manages a total of eightpooled investment vehicles, six of which arehedge funds. Maintaining up-to-date virus definitions, firewall protections, and operating system security patches; Finding a financial advisor doesn't have to be hard. The use of such terms and logos and marks without the express written consent of Whale Rock is strictly prohibited. Hedge fund XN was one of 2020s largest new funds. Whale Rock Capital Management LLC is an investment management firm with more than $15billion in assets under management (AUM). 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. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. 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. We may use Google Analytics to evaluate use of the Site for our internal purposes such as evaluating usages of the Site. Change in Shares. are based in the United States. 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. 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). Whale Rock Capital WebWhale Rock Capital Management LLC is an SEC Registered Investment Adviser based in Boston. WebAnd annual 13F returns of 30% since 2011. A full description of all fees, expenses and compensation will be included in detail in each set of offering materials or agreements. Sacerdote, Whale Rock Capital Management LLC: Profile ? 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. 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. I do not have a business relationship with any company whose stock is mentioned in this article. 14,689 additional shares. This page contains links to SmartAssets financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals. whale rock capital management whale rock capital management llc whale rock rock capital management llc whale rock capital partners www whalerockcapital Like many websites, we analyze how visitors use our Site through what is known as cookie technology. To exercise any of these rights, customers should send the request to the email below. 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. The two most similar investment funds to Whale Rock Capital Management are First Hawaiian Bank and Junto Capital Management L.P.. Long-time Wayfair insider bought $13.6M of W on the open market. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 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. the MV of securities sold, whichever is less, 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. Should I Avoid Mercadolibre Inc (MELI $13 billion hedge fund Whale Rock Capital suffered big losses in the status and/or eligibility of customers for services offered by Whale Rock and for compliance with tax reporting requirements; (ii) for purposes of reporting to, or communicating with, customers concerning the services offered by Whale Rock and otherwise for fulfilling contractual and pre-contractual steps with customers or other legitimate business activities; (iv) in connection with litigation, investigations, regulatory or governmental enquiries or for other legal or regulatory purposes involving Whale Rock or its affiliates or partners; and (v) for other legitimate business interests. 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. 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. If you're looking fortrustedand comprehensivesupport in managing your own finances, consider speaking to aprofessional financial advisor. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Sign up for notifications from Insider! The firm serves as investment manager to its funds according to separate investment management agreements between each fund and Whale Rock. This includes: 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. Even without new money inflows, Whale Rock Capitals assets under management had grown to $5.7 billion as of 2018 year-end, based on appreciation alone. Whale Rock's overall strategyseeks to identify technological, social and economic trends that are advantageous to the investment process. Since inception in 2006, Whale Rock has invested globally with a focus on the Technology, 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. 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. Monolithic Pwr Sys Inc and bought 729,061 shares worth $280 million. Currently, their heaviest sector is Technology making up 65.5% of CAT ROCK CAPITAL MANAGEMENT LP on the official website of the Securities & Exchange Commission (SEC). 44% of the total holdings value. 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. Dan received a Boston, MA 02110 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. by clicking on the link to unsubscribe. Whale Rock Capital Management closed its position in Bill.com Inc on 15th The performance allocation usually ranges from 15% to 20% of a fund's realized or unrealized net profit or, Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only to, . It appears the firm's short book lost significant money since its long-only public-private strategy was up just over 1% for the year, according to a source close to the firm. Your California Privacy Rights: Electronic safeguards including firewalls for server database protection, passwords for computer login, and limited access to the computer room. When it comes to creating wealth by investing in TMT, Whale Rock Capitals returns are in a league of their own. Whale Rock Surges with Winning Bets on Amazon, Microsoft, The Flight to Crypto Quality: Risk Management at Center Stage, Modern Slavery Act Transparency Statement. [2]: whale divided by the total MV of the fund. This copy is for your personal, non-commercial use only. 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. Investment Strategy To Outperform The Login. All text and design is copyright 2020 WhaleWisdom.com. In addition to connecting you withexpert advisors, SmartAsset also has various tools to help you get a snapshot of the numbers right now. But that strategy may hurt them this year, as many privately held tech companies have struggled. Whale Rock Capital Management Review - SmartAsset CelLink Announces $250M in Series D Funding to Support 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. TO THE FULLEST EXTENT PROVIDED BY LAW, IN NO EVENT WILL WHALE ROCK, ITS AFFILIATES, OR THEIR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE WEBSITE, ANY WEBSITES LINKED TO IT, ANY CONTENT ON THE WEBSITE OR SUCH OTHER WEBSITES, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE. At some point, these barriers are removed, and the technology moves on the S- curve from the early adopter phase into the majority phase. Modify copies of any materials from this Site. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? Largest Hedge Funds Managed byWhale Rock Capital Management, Whale Rock Long Opportunities Master Fund, LP. Share Tweet Email Page 1 of 5 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. The firm analyzes relevant information to understand the long-term valuation implications before the market even does. Delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials from this Site. Whether you are an accredited or sophisticated investor or not, it never hurts to consult a professional to make sure you're doing everything you can tomanage your finances so that they can work for you. 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 Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. We only share such information with our service providers to perform a business, professional or technical support function for us. Take a look at. Investors such as Tiger Global and Coatue also lost money for the quarter, as previously reported by Bloomberg. WHALE ROCK CAPITAL MANAGEMENT LLC Top 13F Holdings The owner of the Site is based in the Commonwealth of Massachusetts in the United States. Growth Hedge Funds Suffer Worst Rout in Years. (617) 502-9900. We may also use non-personal or aggregated information for statistical analysis, research, and other purposes. From identifying under-valued real estate assets, to optimizing returns for Hedge fund Whale Rock stops taking in new money amid strong 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. Whale Rock Capital Management - CrunchBase See below Sharing of Personal Information for more details. It can be held back for a variety of reasons: high price, complex products, lack of an ecosystem. Our Standards: The Thomson Reuters Trust Principles. 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 Investors react to every move they make. 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). Whale Rock Capitals returns have been extraordinary. Existing investors, including Spark Growth (Spark Capital), Goldman Sachs, Temasek, and Adage Capital Management also If we change this policy in a material and retroactive manner, we will provide appropriate notice. 212Q3Whale Rock Capital Management Amazone Shopifye Crowdstrike Bill Com Alphabet 3192.48% Stocks with a size of more than $10 billion in market cap make up Indices. An equal-weighted portfolio of Whale Rocks top ten long 13F positions, rebalanced quarterly, has averaged 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. OriginalWhaleScore 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.
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