increase in value). Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. If we change this policy in a material and retroactive manner, we will provide appropriate notice. Ownership History. This is not an offer to buy or sell any security or interest. % of Portfolio. When we do, we will post the change(s) on our Site. The Long Opportunities Funds investment minimum is $5 million. It currently manages a total of eight pooled investment vehicles , six of which are hedge funds . 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. GENERAL PARTNER PETER M SACERDOTE INVESTMENT PARTNERS, L.P. WHALE ROCK LONG OPPORTUNITES MASTER FUND, LP. Whale Rock Capitals returns have been hard to beat. PETER M SACERDOTE INVESTMENT PARTNERS, L.P. CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL. 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. Whale Rock Capitals returns vs the S&P 500 going back to 2007: So how has Alex Sacerdote done it? An equal-weighted portfolio of Whale Rocks top ten long 13F positions, rebalanced quarterly, has averaged 14,689 additional shares. on the official website of the Securities & Exchange Commission (SEC). Sometimes understanding the S-curve can help you time your exit as well. Company Name. 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. The Site and its entire contents, features, and functionality (including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof), are owned by Whale Rock, its licensors, or other providers of such material and are protected by United States and international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws. Bloomberg Tax. Industrial Alliance Investment Management, Stocks and cryptocurrency portfolio tracker. Whale Rock Capital Management LLC Web beacons help us analyze our Site visitors behavior and measure the effectiveness of the Site. We may also use non-personal or aggregated information for statistical analysis, research, and other purposes. Founded by Bridgett Moore, Bridgett Moore, Elon Musk, and Samuel Hetherington in 2016, The Boring Company has now raised a total of $908.0M in total equity funding and is backed by Sequoia Capital, Craft Ventures, Valor Equity Partners, Founders Fund, and 8VC. Physical safeguards including restricted elevator access to its offices and full-time staffed reception desk to check people who arrive at the office. 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. Whale Rocks focus is the technology, media and telecom (TMT)sector. To receive an email with a temporary password,Please enter your Login ID or Email and click ENTER to completeyour password reset request. Becoming a Client ofWhale Rock Capital Management. 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. The total portfolio value may be much higher due to cash Subscribe to WhaleWisdom to view all filing data Whale Rock Capital Management's largest holding is Netflix Inc with shares held of 899,506. 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. Over the last five years, the firm has returned an average 21 percent a year. 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. 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. If you are an accredited investor and wish to become a client of Whale Rock Capital Management, you can. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 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. 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. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. Two International Place, 24th FL Copyright 2023 Whale Rock Capital Management LLC. 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: email address below and choose 'Submit'. Accordingly, our investment strategy is generally expected to be longer-term in nature. 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. Such investors differ from retail investors or, , who might be taking a more DIY approachor, enlisting the services of a financial advisor, 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Sign up for notifications from Insider! One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. The article said Gerstner wanted to build a Venture Capital Read more By using the Site, you accept and agree to be bound by the Terms. Investors such as Tiger Global and Coatue also lost money for the quarter, as previously reported by Bloomberg. 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. Its larger hybrid strategy, which also invests in start-ups, fell nearly 22% in the quarter. Whale Rock Capital Management closed its position in Bill.com Inc on 15th 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. You are able to understand how fast units might grow over a three to five year period. SEC form, multiple filers or classes of filers, and much more.***. A full description of all fees, expenses and compensation will be included in detail in each set of offering materials or agreements. Encryption of portable devices portable devices that contain personal information of customers or employees and only where technically feasible are encrypted. It was also a pre-IPO investor in Latin America fintech Nubank, which went public in December. WebAnd annual 13F returns of 30% since 2011. The founder, principal owner and managing member ofWhale Rock is Alexander Sacerdote, who is also its current CEO. for Q4 2022: commodity pool operator or commodity trading advisor, Percentage of assets under management,Performance-based fees. See below Sharing of Personal Information for more details. 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. Americas +1 212 318 2000. Nothing in the public portion of the Site constitutes advice regarding, or a recommendation of, the purchase or sale of a security. 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%. for a sense of how much a particular investment might be worth as well as its growth over time. All rights reserved. Whalewisdom has at least 70 13F filings, 1 13D filings, 49 13G filings, and 2 Form 4 filings. Alex Sacerdote of Whale Rock Capital Management At Insider Monkey we leave no stone unturned when looking for the next great investment idea. Its primary purpose is to sponsor and manage pooled investment vehicles. To submit a request to know, California residents may call Whale Rock at 617-502-9900 or visit www.whalerockcapital.com. 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. The performance allocation usually ranges from 15% to 20% of a fund's realized or unrealized net profit or capital appreciation (i.e. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Alt Turnover is calculated by taking either the total MV of new purchases or Asia Pacific +65 6212 1000. 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. Melvin Capital Management and Light Street Capital Management both lost 15% following double-digit losses in 2021, clients said. Tiger Global, headed by longtime industry darling Chase Coleman, fell particularly hard, posting a shocking 34% drop for the first quarter. Whale Rock Capital Management is based out of Boston. Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds to report September losses as equity markets tumbled. Currently, their heaviest sector is Technology making up 65.5% of THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. Finding a financial advisor doesn't have to be hard. Delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials from this Site. Fatal crash in Riverview, N.B. 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. 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. Whale Rock will endeavor to honor customers requests unless such a request conflicts with certain lawful exemptions under the CCPA. The flagship at $9 billion Whale Rock, which focuses on technology, media and telecommunications, jumped 6.2%, extending this years returns to 47%. The funds secret? 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. See here for a complete list of exchanges and delays. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. 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, . Assessment of information security risks on an ongoing basis; If you're looking fortrustedand comprehensivesupport in managing your own finances, consider speaking to aprofessional financial advisor. 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. Users continued use of the Site following the posting of revised Terms means that you accept and agree to the changes. 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? $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. Last year, Whale Rock lost 19.2% in its public-only fund, but only fell 9% in its blended strategy, for example. Average Buy Price. The Whale Rock Capital Management office and employees reside in Boston, Massachusetts. Financial data including assets, transactions and income information. 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. Notes: 1 Data are as of July 1, 2021; 2 Data are from a company source such as a spokesman, website or financial report. 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. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. This review was produced by SmartAsset based on publicly available information. Over the last five years, the firm has returned an average 21 percent a year. Whale Rock Surges with Winning Bets on Amazon, Microsoft, The Flight to Crypto Quality: Risk Management at Center Stage, Modern Slavery Act Transparency Statement. Hedge Fund 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. Any use of the Site not expressly permitted by these Terms is a breach of these Terms and may violate copyright, trademark, and other laws. Webtracks and analyzes hedge fund filings in real-time. Whale Rock Capital Management is a hedge fund with 14 clients and discretionary assets under management (AUM) of $20,854,112,538 (Form ADV from 2022-03-31). 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 Rock may continue to maintain and share information about its customers even after they are no longer customers. 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. Electronic safeguards including firewalls for server database protection, passwords for computer login, and limited access to the computer room. 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 lost 9% in 2021 in its blended public-private fund, documents show. Portfolio Manager, Ashler Capital at Citadel . to see more advanced email alert options such as selecting any type of We may use Google Analytics to evaluate use of the Site for our internal purposes such as evaluating usages of the Site. Minimum account investments vary by fund. Is a crash imminent? Collect data through automated means, such as through scrapers, spiders, robots, or other harvesting programs (collectively referred to as Auto Data Collection). Share Tweet Email Page 1 of 5 At that point a massive wave of demand kicks in, and you can see three to four years of incredible unit growth. Change in Shares. 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 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 All financial companies need to share customers information to run their everyday business. The tech dealmaker bought $3.1 mil of SFIX at $20.83. Stocks with a size of more than $10 billion in market cap make up Equal-WTWhaleScore 2.0 Emphasis is put on balance sheet and cash flow analysis, particularly when free cash flow is significantly lower than net income. These terms permit you to use the Site for your personal or internal business use only. 70.6% of the portfolio companies 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 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. 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. 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). But that strategy may hurt them this year, as many privately held tech companies have struggled. divided by the total MV of the fund. Growth to continue post-pandemic?
