All rights reserved. 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. on the official website of the Securities & Exchange Commission (SEC). You can view its latest. If you access the Site from outside the United States, you do so on your own initiative and are responsible for compliance with local laws. Whale Rock lost 9% in 2021 in its blended public-private fund, documents show. Sacerdote, Whale Rock Capital Management LLC: Profile 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. The average market cap of the portfolio companies is close to $119 billion. Two International Place, 24th FL Whale Rock Capital Management closed its position in Bill.com Inc on 15th 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. 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. 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. It's public-only portfolio, documents show, fell 11% in December and brought that strategy's yearly losses to 19.2%. Download 13F Summary The manager was one of several who found themselves down double-digits before 2022's first month was even over, owing to market volatility that hurt high-growth tech stocks. 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. SAN CARLOS, Calif. 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. 44% of the total holdings value. Restricting access to customer information to those required to have access to service customer needs. for a sense of how much a particular investment might be worth as well as its growth over time. There are currently 34 companies in Mr. Sacerdotes portfolio. THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. Investors react to every move they make. 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. They manage Finding a financial advisor doesn't have to be hard. You must have a subscription to view WhaleScore histories. In addition, the fund holds 729,061 shares of Monolithic Pwr Sys Inc worth $280 million. These positions were updated on August 15th based on the funds latest 13F filing. 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. [1]: 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. S&P 500WhaleScore Whale Rock Capitals returns have been hard to beat. Alex Sacerdote's $13 billion Whale Rock has joined the growing list of tech-focused funds showing double-digit losses for the first quarter. (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. Company Name. 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 end of 2021. the total portfolio value. The right to request that Whale Rock delete any personal information it has collected. 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). Bloomberg Terminal. Whale Rock 212Q3Whale Rock Capital Management Amazone Shopifye Crowdstrike Bill Com Alphabet 3192.48% Hedge fund Whale Rock stops taking in new money amid strong Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only toaccredited investors. Investment Strategy To Outperform The assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Whale Rock Capital Management LLC is an investment management firm with more than $15 billion in assets under management (AUM). On the other hand, small-cap stocks make up only 5.9% of the portfolio. Collect data through automated means, such as through scrapers, spiders, robots, or other harvesting programs (collectively referred to as Auto Data Collection). 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 whale rock capital management whale rock capital management llc whale rock rock capital management llc whale rock capital partners www whalerockcapital 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. 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. The firm believes that its experience and insight are an integral part of the advantage it provides to these funds. Whale Rock Capitals returns have been - WhaleWisdom Alpha All financial companies need to share customers information to run their everyday business. 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. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. To continue reading, subscribe now to Premium Journalism. This includes: The current portfolio value is 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. Whale Rock's overall strategyseeks to identify technological, social and economic trends that are advantageous to the investment process. Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding. Ault Global disclosed a 9.96% position in NTN Buzztime. 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. 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. Whale Rock Surges with Winning Bets on Amazon, Microsoft, The Flight to Crypto Quality: Risk Management at Center Stage, Modern Slavery Act Transparency Statement. Please note that Whale Rock is only required to honor such requests twice in a twelve (12) month-long period. $3.37 billion and $3.37 billion respectively. Web beacons help us analyze our Site visitors behavior and measure the effectiveness of the Site. Americas +1 212 318 2000. Monolithic Pwr Sys Inc and bought 729,061 shares worth $280 million. increase in value). 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. All quotes delayed a minimum of 15 minutes. Last year, Whale Rock lost 19.2% in its public-only fund, but only fell 9% in its blended strategy, for example. Sacerdote also invests in short positions within the Whale Rock portfolio. WebAnd annual 13F returns of 30% since 2011. An equal-weighted portfolio of Whale Rocks top ten long 13F positions, rebalanced quarterly, has averaged a 17.30% annual return since the funds inception in 2006. This Privacy Policy also addresses how Whale Rock complies with Massachusetts and California data security and consumer privacy regulations. 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. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Microsoft dropped approximately 0.1% in the past year. 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. Performance numbers calculated through 2023-02-14. A spokesman for the firm declined to comment. This article expresses my own opinions, and I am not receiving compensation for it (other than from WhaleWisdom). Whale Rock Capital Management - CrunchBase Real Estate Investment Professionals | Ventus Group The management fee at Whale Rock is fixed and ranges from 1% to 1.75% per year. Since inception in 2006, Whale Rock has invested globally with a focus on the Technology, Whale Rock may also disclose personal information to governmental authorities as required or permitted by law; public and private social security and insurance agencies; consultants in connection with extraordinary business operations (e.g., mergers, acquisitions, and the like); to business partners, agents and customers; external consultants and professionals; courts and other dispute forums. 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 By using the Site, you accept and agree to be bound by the Terms. Gaurav Kapadia is off to an impressive start. 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. Their last Whale Rock Capital Management is based out of Boston. 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. How do I update this listing? CAT ROCK CAPITAL MANAGEMENT LP 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 % of Portfolio. 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. The fund focuses on investments in the United States as Dan received a Modify copies of any materials from this Site. 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. 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). It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. 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. 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. And over the last year, Whale Rocks 13F holdings have produced a 18.97% return 17th best among hedge funds. 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. These terms permit you to use the Site for your personal or internal business use only. email address below and choose 'Submit'. Website Data Collection: 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. A full description of all fees, expenses and compensation will be included in detail in each set of offering materials or agreements. When completed, an email will be sent to the email address you specify 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. Previously, Dan was an Associate at Harvard Business Sc hool and also held positions at Citadel, Sirios Capital Management, Bessemer Venture Partners, Monitor Clipper Partners. 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. 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. Such investors differ from retail investors orindividual investors, who might be taking a more DIY approachorenlisting the services of a financial advisor. You can view its latestForm ADVon the official website of the Securities & Exchange Commission (SEC). Bloomberg Tax. When we do, we will post the change(s) on our Site. Market volatility has remained high volatile following Russia's invasion of Ukraine. ? 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 S-P Privacy Notice, available at: www.whalerockcapital.com. Accordingly, our investment strategy is generally expected to be longer-term in nature. Growth Stocks to Buy According to Alex Sacerdotes Whale Rock Capital The Long Opportunities Funds investment minimum is $5 million. Sometimes understanding the S-curve can help you time your exit as well. Note that browser-management tools for cookies are outside of our control and we cannot guarantee their effectiveness. The majority of the companies in the funds portfolio are large-cap stocks. Our Standards: The Thomson Reuters Trust Principles. The once high-flying fund headed by Alex Sacerdote has been struggling to find the right stocks for its portfolio. Stocks with a size of more than $10 billion in market cap make up BOSTON, Dec 20 (Reuters) - Whale Rock Capital Management, which has returned nearly 40 percent this year, has stopped accepting new capital after its assets 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. Existing investors, including Spark Growth (Spark Capital), Goldman Sachs, Temasek, and Adage Capital Management also Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. If you buy a book after clicking on one of the above links, I may received an affiliate fee. Its primary purpose is to sponsor and manage pooled investment vehicles. All changes are effective immediately when we post them and apply to all access to and use of the Website thereafter. The article said Gerstner wanted to build a Venture Capital Read more 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. . To submit a request to know, California residents may call Whale Rock at 617-502-9900 or visit www.whalerockcapital.com. Their last reported 13F filing for Q4 2022 included $2,975,015,508 in managed 13F securities Earlier this month, John Griffin told clients he was shuttering his $6 billion Blue Ridge Capital after 21 years and John Burbank said he would shutter the flagship fund at his firm Passport Capital. Fatal crash in Riverview, N.B. Notes: 1 Data are as of July 1, 2021; 2 Data are from a company source such as a spokesman, website or financial report. Delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials from this Site. Growth to continue post-pandemic? Shares Owned. Assessment of information security risks on an ongoing basis; To receive an email with a temporary password,Please enter your Login ID or Email and click ENTER to completeyour password reset request. We may also collect the URL of the website visited immediately before coming to the Site. Zoom between states and the national map to see the top spots in each region. https://www.wsj.com/articles/growth-hedge-funds-suffer-worst-rout-in-years-11643824096. 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 corporate office is located in Two International Place Fl 24, Boston, Massachusetts, 02110, United States and has 44 employees. 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. Equal-WTWhaleScore 2.0 $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 aprofessional financial advisor. I or my associates may hold positions in the stocks discussed. Melvin Capital Management and Light Street Capital Management both lost 15% following double-digit losses in 2021, clients said. It currently manages a total of eight. 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. However, if their browser is set to reject cookies or they manually delete cookies, they may have some trouble accessing and using some of the pages and features that are currently on our Site, or that we may put on our Site in the future. Growth Stocks to Buy According to Alex Sacerdote Whale Rock Capital Management LLC | LinkedIn Today, Flywire is announcing a new round of funding, which was led by investment firms Whale Rock Capital Management, Marshall Wace LLP and Sunley House Capital, Advent Internationals crossover fund. 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. That said, as an SEC-registered investment manager, the firm is legally obligated to uphold its, and work in clients best interests at all times. Sharing of personal information: To exercise any of these rights, customers should send the request to the email below. 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? These may be waived or reduced with respect to particular 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. 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. Portfolio Manager, Ashler Capital at Citadel . This makes their stake in Microsoft total 1,439,857 shares worth $370 million. 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. Whale Rock uses a, Of course, all current and potential clients should be aware that no investment strategy can guarantee against, Fees at Whale Rock include fees based on AUM, or assets under management, plus. There are no guarantees that working with an adviser will yield positive returns. Whale Rock Capital Management 13F annual report (617) 502-9900. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. Your computer may temporarily store copies of such materials in RAM incidental to your accessing and viewing those materials. Sign up for notifications from Insider! Only includes UK, France, Germany, Japan, and HKEX are presently being processed. THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. Fees at Whale Rock include fees based on AUM, or assets under management, plusperformance-based fees. Average Buy Price. Asia Pacific +65 6212 1000. Cities where $1 million lasted the longest ranked the highest in the study. 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. Emphasis is put on balance sheet and cash flow analysis, particularly when free cash flow is significantly lower than net income. Since inception in 2006, Whale Rock has invested globally with a focus on the