The firm currently employs14 advisors. 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. 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. on the official website of the Securities & Exchange Commission (SEC). 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. 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. 70.6% of the portfolio companies Sign-up Assessment of information security risks on an ongoing basis; Sharing of personal information: Average Retirement Savings: How Do You Compare? We seek to analyze the relevant information to understand the longer-term valuation implications before the broader market does. 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. 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). Webtracks and analyzes hedge fund filings in real-time. The $13 billion firm's blended public-private fund fell 8% last month to bring its 2021 losses to 9%. On the other hand, small-cap stocks make up only 5.9% of the portfolio. The fund focuses on investments in the United States as Whale Rock Capital Management LLC is an investment management firm with more than $15billion in assets under management (AUM). We make no claims that the Site or any of its content is accessible or appropriate outside of the United States. Whale Rock Capitals returns have been extraordinary. Microsoft dropped approximately 0.1% in the past year. Investors in the funds include, The investment objective of the Whale Rock funds is to provide consistently excellent and risk-adjusted returns. Existing investors, including Spark Growth (Spark Capital), Goldman Sachs, Temasek, and Adage Capital Management also 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. 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. Do your own research before investing and dont risk more than you can afford to lose. 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. 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. 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%. You can view its latestForm ADVon the official website of the Securities & Exchange Commission (SEC). The majority of the companies in the funds portfolio are large-cap stocks. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. The investment objective of the Whale Rock funds is to provide consistently excellent and risk-adjusted returns. You must have a subscription to view WhaleScore histories. WebTop 50 Whale Rock Capital Management Holdings. 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? In addition, to comply with Massachusetts Data Security Regulation and other applicable laws, Whale Rock has developed a process to ensure confidentiality and integrity of personal information, maintained by the firm and its administrators that could create the risk of identity theft or fraud against a resident of the Commonwealth of Massachusetts and have codified the policies and procedures in writing. When we do, we will post the change(s) on our Site. Security Measures: 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. This Privacy Policy also addresses how Whale Rock complies with Massachusetts and California data security and consumer privacy regulations. 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. 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. Market volatility has remained high volatile following Russia's invasion of Ukraine. Your computer may temporarily store copies of such materials in RAM incidental to your accessing and viewing those materials. To receive an email with a temporary password,Please enter your Login ID or Email and click ENTER to completeyour password reset request. 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). 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. Our Standards: The Thomson Reuters Trust Principles. The firm currently employs14 advisors. 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 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. Sacerdote also invests in short positions within the Whale Rock portfolio. Alt Turnover is calculated by taking either the total MV of new purchases or 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. 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. 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. Website Data Collection: 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: It currently manages a total of eight pooled investment vehicles , six of which are hedge funds . 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. This leaves the value of the investment at $131 million and 504,292 shares. 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. WebWhale 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). Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. $3.37 billion and $3.37 billion respectively. Their last But that strategy may hurt them this year, as many privately held tech companies have struggled. 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. % of Portfolio. 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). The Funds investment strategy includes using leverage in pursuit of additional return. All rights reserved. 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. I or my associates may hold positions in the stocks discussed. Such investors differ from retail investors orindividual investors, who might be taking a more DIY approachorenlisting the services of a financial advisor. How do I update this listing? The once high-flying fund headed by Alex Sacerdote has been struggling to find the right stocks for its portfolio. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. WebWhale Rock Capital Management LLC is an SEC Registered Investment Adviser based in Boston. 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 genius behind Whale Rock is Alexander Sacerdote, the companys founder, principal owner and portfolio manager. Whale Rock may revise and update these Terms from time to time in our sole discretion. Alex Sacerdote's $13 billion Whale Rock has joined the growing list of tech-focused funds showing double-digit losses for the first quarter. 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. If you're ready to connect with local advisors, It's never too early - or too late, for that matter - to start investing. Last year, Whale Rock lost 19.2% in its public-only fund, but only fell 9% in its blended strategy, for example. Restricting access to customer information to those required to have access to service customer needs. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. for a sense of how much a particular investment might be worth as well as its growth over time. It can be held back for a variety of reasons: high price, complex products, lack of an ecosystem. You are able to understand how fast units might grow over a three to five year period. 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. Whale Rock Capital Management LLC is a limited liability company formed in March 2006. A customer/relevant individual whose email address is used for such communications has the right to unsubscribe by emailing Whale Rock (see below) or by following the instructions in any such communication, e.g. In this event, Whale Rock may provide additional information that it believes may be of interest, including about services, news updates, research or market commentary, conferences, or events offered by or in conjunction with Whale Rock. Accordingly, our investment strategy is generally expected to be longer-term in nature. Microsoft dropped approximately 0.1% in the past year. 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. 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 we change this policy in a material and retroactive manner, we will provide appropriate notice. Is a crash imminent? Shares Owned. There are currently 34 companies in Mr. Sacerdotes portfolio. Sometimes understanding the S-curve can help you time your exit as well. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. 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). The Funds are generally expected to have a net long bias.. Maintaining up-to-date virus definitions, firewall protections, and operating system security patches; 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. 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. 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. Two International Place, 24th FL The Whale Rock Capital Management office and employees reside in Boston, Massachusetts. 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. 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. In the most recent 13F filing, Whale Rock Capital Management revealed that it had opened a new position in One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. Sign up for notifications from Insider! 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 fund's decision said. divided by the total MV of the fund. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. Please note that Whale Rock is only required to honor such requests twice in a twelve (12) month-long period. Web beacons help us analyze our Site visitors behavior and measure the effectiveness of the Site. Stay up to date with what you want to know. Users continued use of the Site following the posting of revised Terms means that you accept and agree to the changes. 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. Documenting responsive actions taken in connection with any incident involving information security breaches and records of corrective actions taken. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. 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. Transactions, account balances, account history, and transactions with us, affiliates or third parties. 44% of the total holdings value. Performance numbers calculated through 2023-02-14. Physical safeguards including restricted elevator access to its offices and full-time staffed reception desk to check people who arrive at the office. Minimum account investments vary by fund. 14,689 additional shares. Equal-WTWhaleScore 2.0 Whale Rock is the data controller under European Data Privacy Laws and the personal data is processed by Whale Rock in the US (which has a lower standard of data privacy laws compared to the European Data Privacy Laws). Share Tweet Email Page 1 of 5 Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding. If you are an accredited investor and wish to become a client of Whale Rock Capital Management, you can. Largest Hedge Funds Managed byWhale Rock Capital Management, Whale Rock Long Opportunities Master Fund, LP. 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. NOW WATCH: A $445 billion fund manager explains what everyone gets wrong about the economy. All quotes delayed a minimum of 15 minutes. Whale Rock Capital Management LLC OriginalWhaleScore The article said Gerstner wanted to build a Venture Capital Read more You must not: 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. Whale Rock Capital Management is an investment fund managing more than $3.37 billion ran by Alex Sacerdote. Access to the Site may not be legal by certain persons or in certain countries. Whale Rock's overall strategyseeks to identify technological, social and economic trends that are advantageous to the investment process. At some point, these barriers are removed, and the technology moves on the S- curve from the early adopter phase into the majority phase. 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 total portfolio value. This copy is for your personal, non-commercial use only. Whale Rock Capitals returns have been hard to beat. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, Save up to $15 with TurboTax coupon May 2023, Epic Bundle - 3x Expert Stock Recommendations, 15% Off DIY Online Tax Filing Services | H&R Block Coupon Code, 10% TopResume Discount Code for expert resume-writing services, Groupon Promo Code - 30% Off Activities, Dining, More. email address below and choose 'Submit'. to see more advanced email alert options such as selecting any type of Again from the funds ADV: On the short side, we look for companies that will be negatively impacted by these trends and also have some of the following characteristics: weak business models, deteriorating competitive positions, unreasonable valuations (although this is rarely sufficient in its own right), over-hyped business opportunities and poor management. Whale Rock 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. All changes are effective immediately when we post them and apply to all access to and use of the Website thereafter. 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 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. Nothing in the public portion of the Site constitutes advice regarding, or a recommendation of, the purchase or sale of a security. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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 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. 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 Rock Capital Management has met the qualifications for inclusion in our WhaleScore system. See below Sharing of Personal Information for more details. 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. A spokesman for the firm declined to comment. Boston, MA 02110 Ault Global disclosed a 9.96% position in NTN Buzztime. WebWhale Rock Capital Management LLC The Company offers portfolio management, fundamental research, strategies, investment advisory, consulting, and financial planning 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 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. Overseeing third party service providers; increase in value). Bloomberg Terminal. Over the last five years, the firm has returned an average 21 percent a year. Sign up for notifications from Insider! The firm provides investment advice solely to these funds and does not tailor portfolio management services to the individual needs of investors in the funds. For non-personal use or to order multiple copies, please contact Whale Rock Capital Management's largest holding is Netflix Inc with shares held of 899,506. Alex Sacerdote of Whale Rock Capital Management At Insider Monkey we leave no stone unturned when looking for the next great investment idea. containing a link to download the .zip file of the CSV file(s) you requested. Performance 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. Also, scroll over any city to learn about the cost of living in retirement for that location. THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. 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. GENERAL PARTNER PETER M SACERDOTE INVESTMENT PARTNERS, L.P. WHALE ROCK LONG OPPORTUNITES MASTER FUND, LP. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. Modify copies of any materials from this Site. It currently manages a total of eightpooled investment vehicles, six of which arehedge funds. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. The owner of the Site is based in the Commonwealth of Massachusetts in the United States. The investment fund also strengthened its position in Microsoft by buying Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Whale Rocks focus is the technology, media and telecom (TMT)sector. This review was produced by SmartAsset based on publicly available information. 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.
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