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). Over the last five years, the firm has returned an average 21 percent a year. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. WebTop 50 Whale Rock Capital Management Holdings. Growth Stocks to Buy According to Alex Sacerdote 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. Relative to the number of outstanding shares of Microsoft, Whale Rock Capital Management owns more than approximately 0.1% of the company. Growth Hedge Funds Suffer Worst Rout in Years - WSJ Whale Rock's overall strategyseeks to identify technological, social and economic trends that are advantageous to the investment process. 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. The Whale Rock Capital Management office and employees reside in Boston, Massachusetts. When adoption gets close to 50%, growth can rapidly decelerate.. Alt Turnover is calculated by taking either the total MV of new purchases or For non-personal use or to order multiple copies, please contact 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. Financial data including assets, transactions and income information. WebSubscribe to WhaleWisdom to view all filing data for MELVIN CAPITAL MANAGEMENT LP Portfolio Performance Top 20 equal-weighted holdings. $3.37 billion and $3.37 billion respectively. 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. Largest Hedge Funds Managed byWhale Rock Capital Management, Whale Rock Long Opportunities Master Fund, LP. The average market cap of the portfolio companies is close to $119 billion. Sign up for notifications from Insider! The firm serves as investment manager to its funds according to separate investment management agreements between each fund and Whale Rock. Stay up to date with what you want to know. This review was produced by SmartAsset based on publicly available information. Premium. . By using the Site, you accept and agree to be bound by the Terms. for a sense of how much a particular investment might be worth as well as its growth over time. Nothing in the public portion of the Site constitutes advice regarding, or a recommendation of, the purchase or sale of a security. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Their last reported 13F filing for Q4 2022 included $2,975,015,508 in managed 13F securities SAN CARLOS, Calif. It currently manages a total of eight pooled investment vehicles , six of which are hedge funds . 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. 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). [1]: 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. (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. WebWhale Rock Capital Management LLC is an Investment Adviser based in Boston. the total portfolio value. 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. WITHOUT LIMITING THE FOREGOING, NEITHER WHALE ROCK NOR ANYONE ASSOCIATED WITH THE COMPANY REPRESENTS OR WARRANTS THAT THE WEBSITE, ITS CONTENT, OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL BE ACCURATE, RELIABLE, ERROR-FREE, OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED, THAT OUR SITE OR THE SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR THAT THE WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS. But that strategy may hurt them this year, as many privately held tech companies have struggled. Its larger hybrid strategy, which also invests in start-ups, fell nearly 22% in the quarter. whale 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). EMEA +44 20 7330 7500. The once high-flying fund headed by Alex Sacerdote has been struggling to find the right stocks for its portfolio. 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. Registration with the SEC as an Investment Advisor does not imply any level of skill or training. 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. 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. Whale Rock Capital Management Review - SmartAsset Market volatility has remained high volatile following Russia's invasion of Ukraine. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. All text and design is copyright 2020 WhaleWisdom.com. The Funds are generally expected to have a net long bias.. Last year, Whale Rock lost 19.2% in its public-only fund, but only fell 9% in its blended strategy, for example. Of course, all current and potential clients should be aware that no investment strategy can guarantee againstriskof loss. Change in Shares. If you buy a book after clicking on one of the above links, I may received an affiliate fee. Currently, their heaviest sector is Technology making up 65.5% of Nothing on the public portion of the Site is an offer to sell securities or a solicitation of an offer to buy securities. Manage Products and Account Information. 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. Accordingly, our investment strategy is generally expected to be longer-term in nature. Boston, MA 02110
Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAssets reviews. 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. You are able to understand how fast units might grow over a three to five year period. 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. Even without new money inflows, Whale Rock Capitals assets under management had grown to $5.7 billion as of 2018 year-end, based on appreciation alone. $13 billion hedge fund Whale Rock Capital suffered big losses in You can view its latestForm ADVon the official website of the Securities & Exchange Commission (SEC). You must have a subscription to view WhaleScore histories. It can be held back for a variety of reasons: high price, complex products, lack of an ecosystem. Whale Rock Surges with Winning Bets on Amazon, Microsoft, The Flight to Crypto Quality: Risk Management at Center Stage, Modern Slavery Act Transparency Statement. Performance numbers calculated through 2023-02-14. 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. To submit a request for deletion, California residents may call Whale Rock at 617-502-9900 or visit www.whalerockcapital.com. 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? 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. Bill Gurleys Stitch Fix insider buying comes as the stocks short interest soars. Everybody says tech is so unpredictable, but if you understand the way S-curves work, it actually can be quite predictable during certain time periods. It was also a pre-IPO investor in Latin America fintech Nubank, which went public in December. 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. https://www.wsj.com/articles/growth-hedge-funds-suffer-worst-rout-in-years-11643824096. (Reporting by Svea Herbst-Bayliss; Editing by Bernadette Baum). to see more advanced email alert options such as selecting any type of Cloning Carl Icahn 13Fs would have generated a 15.09% annual return since 2001. This leaves the value of the investment at $131 million and 504,292 shares. Sacerdote also invests in short positions within the Whale Rock portfolio. 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 Capital Management Portfolio | Alex Sacerdote 13F Whale Rock Capital 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. Hedge Fund Losses Mount at Tiger Global, Whale Rock Your California Privacy Rights: Stocks with a size of more than $10 billion in market cap make up Backtest and clone investor portfolios. Minimum account investments vary by fund. 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. This will schedule a job to export all requested 13f holdings data for this filer. 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. 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. As a result, each fund's investment strategy is typically expected to be longer-term in nature. We may also use non-personal or aggregated information for statistical analysis, research, and other purposes. Its larger hybrid strategy, which also invests in start Whale Rock Capital Management LLC - Company Profile and News However, if their browser is set to reject cookies or they manually delete cookies, they may have some trouble accessing and using some of the pages and features that are currently on our Site, or that we may put on our Site in the future. 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. Boston, Massachusetts, United States 11-50 Venture Subway shed more stores ahead of potential $10 billion sale: document, Hollywood writers, studios stage last-minute talks as strike deadline looms. Take a look at. 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. Investors react to every move they make. The firm believes that its experience and insight are an integral part of the advantage it provides to these funds. CAT ROCK CAPITAL MANAGEMENT LP 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 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. 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. Emphasis is put on balance sheet and cash flow analysis, particularly when free cash flow is significantly lower than net income. Investors such as Tiger Global and Coatue also lost money for the quarter, as previously reported by Bloomberg. Hedge fund Whale Rock stops taking in new money amid strong 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 Company Name. The firm currently employs14 advisors. 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%. 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. There are currently 34 companies in Mr. Sacerdotes portfolio. $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. 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. 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. Electronic safeguards including firewalls for server database protection, passwords for computer login, and limited access to the computer room. https://www.linkedin.com/company/whale-rock-capital-management-llc/ See below Sharing of Personal Information for more details. 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. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. the MV of securities sold, whichever is less, 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. Industrial Alliance Investment Management, Stocks and cryptocurrency portfolio tracker. From time to time, Whale Rock may restrict access to some parts of the Site, or the entire Site, to Users. On the other hand, there are companies that Whale Rock Capital Management is getting rid of from its portfolio. For example, the Flagship Funds and the Hybrid Funds require a minimum investment of $1million. Striking PSAC workers rally in Halifax. Whalewisdom has at least 70 13F filings, 1 13D filings, 49 13G filings, and 2 Form 4 filings. SEC form, multiple filers or classes of filers, and much more.***. Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding. Create Email Alert, ***Log In or An equal-weighted portfolio of Whale Rocks top ten long 13F positions, rebalanced quarterly, has averaged Website Data Collection: Use any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text. Sometimes understanding the S-curve can help you time your exit as well. NOW WATCH: A $445 billion fund manager explains what everyone gets wrong about the economy. Physical safeguards including restricted elevator access to its offices and full-time staffed reception desk to check people who arrive at the office. 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. ? 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. 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. BOSTON, MA Since inception in 2006, Whale Rock has invested globally with a focus on the Technology, Media and Telecom sectors. 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 may continue to maintain and share information about its customers even after they are no longer customers. Whale Rock Capital Management Fund Performance History 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. Modify copies of any materials from this Site. Tiger Global Managements hedge fund, which also lost money last year, lost 14.8% for the month, another person said. Do your own research before investing and dont risk more than you can afford to lose. Bloomberg Terminal. 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 Only includes UK, France, Germany, Japan, and HKEX are presently being processed. All rights reserved. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Hedge fund XN was one of 2020s largest new funds. Our Standards: The Thomson Reuters Trust Principles. Dead whale sparks concerns in Cape Breton. The founder, principal owner and managing member ofWhale Rock is Alexander Sacerdote, who is also its current CEO. The two most similar investment funds to Whale Rock Capital Management are First Hawaiian Bank and Junto Capital Management L.P.. Whale Rock Capital Management closed its position in Bill.com Inc on 15th BOSTON, Dec 20 (Reuters) - Whale Rock Capital Management, which has returned nearly 40 percent this year, has stopped accepting new capital after its assets 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 right to request that Whale Rock delete any personal information it has collected. 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. 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.
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