whale rock capital returns

Whale Rock Capitals returns have been extraordinary. Its primary purpose is to sponsor and manage pooled investment vehicles. 70.6% of the portfolio companies 44% of the total holdings value. Their last The fund focuses on investments in the United States as 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. Copyright in the pages and in the screens of the Site, and in the information and material therein, is proprietary material owned by Whale Rock unless otherwise indicated. All quotes delayed a minimum of 15 minutes. 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. We seek to analyze the relevant information to understand the longer-term valuation implications before the broader market does. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. At some point, these barriers are removed, and the technology moves on the S- curve from the early adopter phase into the majority phase. Whale Rock Capital Management corporate office is located in Two International Place Fl 24, Boston, Massachusetts, 02110, United States and has 44 employees. Sacerdote is definitely not a household name, but deserves to be mentioned among the elite fund managers working today. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Already a subscriber? Boston, Massachusetts, United States 11-50 Venture Boston, MA 02110 From identifying under-valued real estate assets, to optimizing returns for The Whale Rock Capital Management office and employees reside in Boston, Massachusetts. This Privacy Policy also addresses how Whale Rock complies with Massachusetts and California data security and consumer privacy regulations. All investing involves risk, including loss of principal. Share Tweet Email Page 1 of 5 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: or to simply have an email sent to you whenever we receive a new 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. the total portfolio value. PETER M SACERDOTE INVESTMENT PARTNERS, L.P. CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL. the MV of securities sold, whichever is less, our Subscriber Agreement and by copyright law. Factbox-Why are Hollywood writers threatening to strike? 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 These may be waived or reduced with respect to particular investors. 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. Average Buy Price. This page contains links to SmartAssets financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals. Physical safeguards including restricted elevator access to its offices and full-time staffed reception desk to check people who arrive at the office. Your European Privacy Rights: 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. 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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. 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. It currently manages a total of eightpooled investment vehicles, six of which arehedge funds. For example, the Flagship Funds and the Hybrid Funds require a minimum investment of $1million. Investors such as Tiger Global and Coatue also lost money for the quarter, as previously reported by Bloomberg. We only use such information to evaluate usage of the Site and improve performance and customer services and to protect the security and integrity of the Site and our business, such as preventing fraud, hacking, and other criminal activity or to meet legal obligations. Whale Rock Capitals portfolio was worth $15 billion by the second quarter of this year, and it consisted of investments made in 77 different companies. 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. When completed, an email will be sent to the email address you specify In addition to investing in companies that benefit from the identified trends, we are often attracted to other investment attributes, such as: turnarounds, management changes, value creating acquisitions, shareholder friendly capital structure actions, such as stock buybacks, and prudent use of leverage. See here for a complete list of exchanges and delays. Alex Sacerdote's $13 billion Whale Rock has joined the growing list of tech-focused funds showing double-digit losses for the first quarter. Webtracks and analyzes hedge fund filings in real-time. 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. 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 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 collects personal information to fulfil its contractual obligations, statutory obligations and/or its legitimate interest and for other purposes for which Whale Rock has a lawful basis under the European Data Privacy Laws, including: (i) for compliance with legal and regulatory requirements such as regulations aimed at prevention of money laundering or terrorist financing or Know your Client requirements, as well as to verify 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. WebSubscribe to WhaleWisdom to view all filing data for MELVIN CAPITAL MANAGEMENT LP Portfolio Performance Top 20 equal-weighted holdings. Whale Rock Surges with Winning Bets on Amazon, Microsoft, The Flight to Crypto Quality: Risk Management at Center Stage, Modern Slavery Act Transparency Statement. 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). Investors react to every move they make. WebWhale Rock Capital Management LLC is an Investment Adviser based in Boston. If you are an accredited investor and wish to become a client of Whale Rock Capital Management, you can. 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. Since inception in 2006, Whale Rock has invested globally with a focus on the Technology, 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. 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. whale rock capital management whale rock capital management llc whale rock rock capital management llc whale rock capital partners www whalerockcapital Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 212Q3Whale Rock Capital Management Amazone Shopifye Crowdstrike Bill Com Alphabet 3192.48% Stay up to date with what you want to know. You can view its latest. SEC form, multiple filers or classes of filers, and much more.***. The firm currently employs14 advisors. 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. A full description of all fees, expenses and compensation will be included in detail in each set of offering materials or agreements. THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW. Whale Rock's overall strategyseeks to identify technological, social and economic trends that are advantageous to the investment process. The investment objective of the Whale Rock funds is to provide consistently excellent and risk-adjusted returns. Hedge Fund on the official website of the Securities & Exchange Commission (SEC). They manage Such investors differ from retail investors orindividual investors, who might be taking a more DIY approachorenlisting the services of a financial advisor. Melvin Capital Management and Light Street Capital Management both lost 15% following double-digit losses in 2021, clients said. Microsoft dropped approximately 0.1% in the past year. TO THE FULLEST EXTENT PROVIDED BY LAW, WHALE ROCK WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY A DISTRIBUTED DENIAL-OF-SERVICE ATTACK, VIRUSES, OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL THAT MAY INFECT YOUR COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA, OR OTHER PROPRIETARY MATERIAL DUE TO YOUR USE OF THE WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE OR TO YOUR DOWNLOADING OF ANY MATERIAL POSTED ON IT, OR ON ANY WEBSITE LINKED TO IT. Tiger Global, headed by longtime industry darling Chase Coleman, fell particularly hard, posting a shocking 34% drop for the first quarter. When adoption gets close to 50%, growth can rapidly decelerate.. Value. [2]: There are currently 34 companies in Mr. Sacerdotes portfolio. 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. Create Email Alert, ***Log In or 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. In addition, the fund holds 729,061 shares of Monolithic Pwr Sys Inc worth $280 million. 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. 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. For non-personal use or to order multiple copies, please contact 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. 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. 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. Bloomberg Terminal. It's unclear what dragged the manager down last year. By using the Site, you accept and agree to be bound by the Terms. Two International Place, 24th FL for a sense of how much a particular investment might be worth as well as its growth over time. The $13 billion firm's blended public-private fund fell 8% last month to bring its 2021 losses to 9%. The firm believes that its experience and insight are an integral part of the advantage it provides to these funds. Use any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text. It appears the firm's short book lost significant money since its long-only public-private strategy was up just over 1% for the year, according to a source close to the firm. Whale Rock may continue to maintain and share information about its customers even after they are no longer customers. Whalewisdom has at least 70 13F filings, 1 13D filings, 49 13G filings, and 2 Form 4 filings. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. Their last reported 13F filing for Q4 2022 included $2,975,015,508 in managed 13F securities 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 An equal-weighted portfolio of Whale Rocks top ten long 13F positions, rebalanced quarterly, has averaged We may work with service providers that help us track, collect and analyze this information. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). It is the policy of Whale Rock to restrict access to personal information to those employees, agents, representatives or third parties that need to know the information to provide products and services to its customers. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. All financial companies need to share customers information to run their everyday business. Everything in this blog is meant for educational and informational purposes only. Still there is a back door way to profit from Sacerdotes prescient moves follow the quarterly 13F filings of Whale Rock. If any special categories of personal data (as defined under the European Data Privacy Laws) have been provided to Whale Rock to enable us to respond to certain requests such as access requests or scheduling of meetings or similar requirements, Whale Rock does so with consent and/or on the grounds of legal necessity. Hedge fund XN was one of 2020s largest new funds. 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. First inquiry recommendations due soon. Website Data Collection: Currently, Whale Rock Capital Management's portfolio is worth at least $3.37 billion. 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. 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. Performance . When we do, we will post the change(s) on our Site. 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. Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America. 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. In the most recent 13F filing, Whale Rock Capital Management revealed that it had opened a new position in The total portfolio value may be much higher due to cash 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). Login. Dan Ramirez is an Analyst at Whale Rock Capital Management based in Boston, Massachusetts. Gaurav Kapadia is off to an impressive start. 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 Existing investors, including Spark Growth (Spark Capital), Goldman Sachs, Temasek, and Adage Capital Management also % of Portfolio. Shares Owned. The genius behind Whale Rock is Alexander Sacerdote, the companys founder, principal owner and portfolio manager. (Reporting by Svea Herbst-Bayliss; Editing by Bernadette Baum). Equal-WTWhaleScore 2.0 The two most similar investment funds to Whale Rock Capital Management are First Hawaiian Bank and Junto Capital Management L.P.. Sharing of personal information: You must not: Whale Rock Capitals returns vs the S&P 500 going back to 2007: So how has Alex Sacerdote done it? If you're ready to connect with local advisors, It's never too early - or too late, for that matter - to start investing. All text and design is copyright 2020 WhaleWisdom.com. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Whale Rock Capital $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only toaccredited investors. Modify copies of any materials from this Site. 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, . Its larger hybrid strategy, which also invests in start-ups, fell nearly 22% in the quarter. OriginalWhaleScore Whale Rock Capital Management has met the qualifications for inclusion in our WhaleScore system. Whale Rock has increased its bets on private stocks, similar to other tech-focused hedge funds. 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. Bloomberg Law. We only share such information with our service providers to perform a business, professional or technical support function for us. . Overseeing third party service providers; Only includes UK, France, Germany, Japan, and HKEX are presently being processed. Security Measures: 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). All rights reserved. The owner of the Site is based in the Commonwealth of Massachusetts in the United States. [1]: 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. If any customers have any questions or wish to raise any concerns, they can contact Whale Rock or raise a concern with the relevant supervisory authority in their country of residence in accordance with the European Data Privacy Laws (as applicable). One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. Alex Sacerdote also disclosed a decreased stake in MongoDB Inc by 0.6%. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Subscribe to WhaleWisdom to view all filing data The once high-flying fund headed by Alex Sacerdote has been struggling to find the right stocks for its portfolio. Dead whale sparks concerns in Cape Breton. 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. 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 To continue reading, subscribe now to Premium Journalism. WebFrom generating returns for our investors, to fulfilling promises to the communities in which we develop. And over the last year, Whale Rocks 13F holdings have produced a 18.97% return 17th best among hedge funds. S-P Privacy Notice, available at: www.whalerockcapital.com. 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. These terms permit you to use the Site for your personal or internal business use only. These procedures include: Designation of one or more individuals responsible for maintaining and monitoring the information security program; Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds to report September losses as equity markets tumbled. 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. are based in the United States. (617) 502-9900. At that point a massive wave of demand kicks in, and you can see three to four years of incredible unit growth. Zoom between states and the national map to see the top spots in each region. 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. for WHALE ROCK CAPITAL MANAGEMENT LLC, Top 20 equal-weighted holdings. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 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 named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. (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. 14,689 additional shares. Fatal crash in Riverview, N.B. Transactions, account balances, account history, and transactions with us, affiliates or third parties. 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. 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. 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. There are no guarantees that working with an adviser will yield positive returns. To receive an email with a temporary password,Please enter your Login ID or Email and click ENTER to completeyour password reset request. Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding. Whale Rock lost 9% in 2021 in its blended public-private fund, documents show. The performance allocation usually ranges from 15% to 20% of a fund's realized or unrealized net profit or capital appreciation (i.e. Growth to continue post-pandemic? Whale Rock Capital Management closed its position in Bill.com Inc on 15th The firm currently employs14 advisors. Whale Rock uses a fundamental, research driven approach and a disciplined investment process.
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