Whale Rock lost 9% in 2021 in its blended public-private fund, documents show. Last year, Whale Rock lost 19.2% in its public-only fund, but only fell 9% in its blended strategy, for example. Melvin Capital Management and Light Street Capital Management both lost 15% following double-digit losses in 2021, clients said. Whale Rock, which lost long-time partner Dan Ramirez to Citadel's Ashler unit earlier this year, has continued to invest in start-ups this year. Portfolio Manager, Ashler Capital at Citadel . 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. Shares Owned. 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. Its primary purpose is to sponsor and manage pooled investment vehicles. We may work with service providers that help us track, collect and analyze this information. 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. Whale Rocks top investments, according to a regulatory filing, include Canadian e-commerce company Shopify and Chinese e-commerce company Alibaba Group Holding Ltd. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. The once high-flying fund headed by Alex Sacerdote has been struggling to find the right stocks for its portfolio. In addition, the fund holds 729,061 shares of Monolithic Pwr Sys Inc worth $280 million. Restricting access to customer information to those required to have access to service customer needs. For European residents, this Privacy Policy describes the basis on which we process personal data and for what purposes, a summary of the privacy rights under applicable European privacy laws, including the General Data Protection Regulation, and other UK and European data privacy laws (the European Data Privacy Laws) and how we protect personal data. See below Sharing of Personal Information for more details. When it comes to creating wealth by investing in TMT, Whale Rock Capitals returns are in a league of their own. Whale Rock Capital Management LLC | LinkedIn Whale Rock Capitals returns have been hard to beat. Monolithic Pwr Sys Inc and bought 729,061 shares worth $280 million. Sign up for notifications from Insider! matches you with financial advisors in just five minutes. Such investors differ from retail investors orindividual investors, who might be taking a more DIY approachorenlisting the services of a financial advisor. 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. EMEA +44 20 7330 7500. For non-personal use or to order multiple copies, please contact 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 WEBSITE, ITS CONTENT, AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE ARE PROVIDED ON AN AS IS AND AS AVAILABLE BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. The majority of the companies in the funds portfolio are large-cap stocks. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. For the twelve (12) month-long period prior to the date of this Privacy Notice, Whale Rock has not sold any personal information about its customers; nor does it have any plans to do so in the future. As of 8th August 2022, Whale Rock Capital Managements top holding is 1,439,857 shares of Microsoft currently worth over $370 million and making up 11.0% of the portfolio value. Electronic safeguards including firewalls for server database protection, passwords for computer login, and limited access to the computer room. Whale Rock Capital Management Review - SmartAsset 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. by clicking on the link to unsubscribe. Web beacons help us analyze our Site visitors behavior and measure the effectiveness of the Site. 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. I or my associates may hold positions in the stocks discussed. Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only toaccredited investors. All rights reserved. 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. About : whalerock 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 The owner of the Site is based in the Commonwealth of Massachusetts in the United States. Whale Rock Capitals returns have been extraordinary. 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 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. It currently manages a total of eight pooled investment vehicles , six of which are hedge funds . 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. to see more advanced email alert options such as selecting any type of WebWhale Rock Capital Management LLC is an SEC Registered Investment Adviser based in Boston. The investment objective of the Whale Rock funds is to provide consistently excellent and risk-adjusted returns. 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. for WHALE ROCK CAPITAL MANAGEMENT LLC, Top 20 equal-weighted holdings. A full description of all fees, expenses and compensation will be included in detail in each set of offering materials or agreements. This includes: Overseeing third party service providers; 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 fund focuses on investments in the United States as Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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 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. Stock. Microsoft dropped approximately 0.1% in the past year. Two International Place, 24th FL Hedge fund XN was one of 2020s largest new funds. 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. This content is from: 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. Tiger Global, headed by longtime industry darling Chase Coleman, fell particularly hard, posting a shocking 34% drop for the first quarter. 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. Whale Rock Capital Management LLC is an investment management firm with more than $15 billion in assets under management (AUM). Whale Rock Capital Management: Employee Directory Whale Rock Capital Management Investment Philosophy. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 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. THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. 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. 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. 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. Whale Rock Surges with Winning Bets on Amazon, Microsoft, The Flight to Crypto Quality: Risk Management at Center Stage, Modern Slavery Act Transparency Statement. A spokesman for the firm declined to comment. 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. The firm currently employs14 advisors. Access to the Site may not be legal by certain persons or in certain countries. (617) 502-9900. If you're happy with cookies click proceed. whale rock capital management whale rock capital management llc whale rock rock capital management llc whale rock capital partners www whalerockcapital 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. Sharing of personal information: 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. There are currently 34 companies in Mr. Sacerdotes portfolio. Already a subscriber? At that point a massive wave of demand kicks in, and you can see three to four years of incredible unit growth. Whale Rock Capital Managements portfolio is diversified across 6 sectors. How do I update this listing? Security Measures: CelLink Announces $250M in Series D Funding to Support Stocks with a size of more than $10 billion in market cap make up 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. Assessment of information security risks on an ongoing basis; 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. The firm serves as investment manager to its funds according to separate investment management agreements between each fund and Whale Rock. 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. 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. And over the last year, Whale Rocks 13F holdings have produced a 18.97% return 17th best among hedge funds. The firm analyzes relevant information to understand the long-term valuation implications before the market even does. Whale Rock Capitals returns have been hard to beat. Over the last five years, the firm has returned an average 21 percent a year. 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 Stay up to date with what you want to know. If you're ready to connect with local advisors, It's never too early - or too late, for that matter - to start investing. Whale Rock Capital Management Fund Performance History Average Buy Price. % of Portfolio. Alex Sacerdote's $13 billion Whale Rock has joined the growing list of tech-focused funds showing double-digit losses for the first quarter. Whale Rock Capital Management is an investment fund managing more than $3.37 billion ran by Alex Sacerdote. and a top 10 holdings concentration of 59.66%. 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. Emphasis is put on balance sheet and cash flow analysis, particularly when free cash flow is significantly lower than net income. By using the Site, you accept and agree to be bound by the Terms. Nothing in the public portion of the Site constitutes advice regarding, or a recommendation of, the purchase or sale of a security. Whale Rock Capital Management LLC of 2 International Place, 24th Floor, Boston, MA 02110, US (Whale Rock) and the investment funds for which it serves as investment manager may collect nonpublic information, including personal data as defined under applicable European Data Privacy Laws (defined below), of Whale Rocks customers. S&P 500WhaleScore All text and design is copyright 2020 WhaleWisdom.com. We may also use web beacons on the Site and in our emails. Whale Rock Capital Management LLC is a limited liability company formed in March 2006. Distribution and use of this material are governed by Subscribe to WhaleWisdom to view all filing data 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. 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. Nothing on the public portion of the Site is an offer to sell securities or a solicitation of an offer to buy securities. Investment Advisor 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. divided by the total MV of the fund. Whale Rock Capitals returns vs the S&P 500 going back to 2007: So how has Alex Sacerdote done it? The management fee at Whale Rock is fixed and ranges from 1% to 1.75% per year. 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 Rock may revise and update these Terms from time to time in our sole discretion. It's public-only portfolio, documents show, fell 11% in December and brought that strategy's yearly losses to 19.2%. Investment Strategy To Outperform The Sacerdote is definitely not a household name, but deserves to be mentioned among the elite fund managers working today. Sign-up 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. Whale Rocks focus is the technology, media and telecom (TMT)sector. Copyright 2023 Whale Rock Capital Management LLC. Use any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text. 13F filing from WHALE ROCK CAPITAL MANAGEMENT LLC, enter your Dan Ramirez - Portfolio Manager, Ashler Capi.. - Citadel | ZoomInfo SEC form, multiple filers or classes of filers, and much more.***. 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 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. In the most recent 13F filing, Whale Rock Capital Management revealed that it had opened a new position in Is a crash imminent? 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. Investors react to every move they make. Ownership History. Whalewisdom has at least 70 13F filings, 1 13D filings, 49 13G filings, and 2 Form 4 filings. These terms permit you to use the Site for your personal or internal business use only. 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 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. 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. 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). Gaurav Kapadia is off to an impressive start. When we do, we will post the change(s) on our Site. Factbox-Why are Hollywood writers threatening to strike? Since inception in 2006, Whale Rock has invested globally with a focus on the Technology, If you buy a book after clicking on one of the above links, I may received an affiliate fee. 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. All investing involves risk, including loss of principal. Existing investors, including Spark Growth (Spark Capital), Goldman Sachs, Temasek, and Adage Capital Management also Value. 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, . Everything in this blog is meant for educational and informational purposes only. You can view its latestForm ADVon the official website of the Securities & Exchange Commission (SEC). Whale 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 person familiar with the firm. 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. Create Email Alert, ***Log In or 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. BOSTON, MA Their last email address below and choose 'Submit'. 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. YOUR USE OF THE WEBSITE, ITS CONTENT, AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE IS AT YOUR OWN RISK. are based in the United States. Stay up to date with what you want to know. Company Name. 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. Whale Rock Capital Management Portfolio | Alex Sacerdote 13F The largest investments include Microsoft and Monolithic Pwr Sys Inc, together worth $650 million. 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. Transactions, account balances, account history, and transactions with us, affiliates or third parties. WebFrom generating returns for our investors, to fulfilling promises to the communities in which we develop. Our Standards: The Thomson Reuters Trust Principles. A full description of all fees, expenses and compensation will be included in detail in each set of offering materials or agreements. Whale Rock, and the logos and marks included on the Whale Rock website that identify Whale Rock services and products are proprietary materials. As a result, each fund's investment strategy is typically expected to be longer-term in nature. Encryption of backup tapes and emails backup tapes and emails containing personal information are encrypted on a prospective basis if it is technically feasible; the total portfolio value. Whale Rock will endeavor to honor customers requests unless such a request conflicts with certain lawful exemptions under the CCPA. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. If you do not agree to the Terms, you must not access the Site. $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. 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. The companys largest shareholder after Whale Rock is Eashwar Krishnans Tybourne Capital Management who owns 624,639 shares worth $225 million. Average Retirement Savings: How Do You Compare? Your California Privacy Rights: Delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials from this Site. Documenting responsive actions taken in connection with any incident involving information security breaches and records of corrective actions taken. Users continued use of the Site following the posting of revised Terms means that you accept and agree to the changes. 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. Whale Rock Capital $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. The funds 10-year annualized performance of 25.57% is #2 among all funds in the WhaleWisdom.com database. WebTop 50 Whale Rock Capital Management Holdings. Growth Stocks to Buy According to Alex Sacerdotes Whale Rock Capital Hedge Fund Losses Mount at Tiger Global, Whale Rock All quotes delayed a minimum of 15 minutes. Notes: 1 Data are as of July 1, 2021; 2 Data are from a company source such as a spokesman, website or financial report. The flagship at $9 billion Whale Rock, which focuses on technology, media and telecommunications, jumped 6.2%, extending this years returns to 47%. The firm currently employs14 advisors. These positions were updated on August 15th based on the funds latest 13F filing. Ault Global disclosed a 9.96% position in NTN Buzztime. The two most similar investment funds to Whale Rock Capital Management are First Hawaiian Bank and Junto Capital Management L.P.. Currently, their heaviest sector is Technology making up 65.5% of The tech dealmaker bought $3.1 mil of SFIX at $20.83. Equal-WTWhaleScore 2.0 (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.
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