Web beacons help us analyze our Site visitors behavior and measure the effectiveness of the Site. Finding a financial advisor doesn't have to be hard. Whale Rock Capital Management LLC - Company Profile and News Several big-name tech investors, such as Tiger Global and Coatue, also lost money in the quarter. Whale Rock will endeavor to honor customers requests unless such a request conflicts with certain lawful exemptions under the CCPA. Sacerdote is definitely not a household name, but deserves to be mentioned among the elite fund managers working today. If you're looking fortrustedand comprehensivesupport in managing your own finances, consider speaking to aprofessional financial advisor. https://www.linkedin.com/company/whale-rock-capital-management-llc/, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, % of top 20 holdings the same as top 20 most commonly held by all managers. Whale Rock Capital Managements portfolio is diversified across 6 sectors. Dan Ramirez - Portfolio Manager, Ashler Capi.. - Citadel | ZoomInfo or to simply have an email sent to you whenever we receive a new Assessment of information security risks on an ongoing basis; Find 13F, 13D, insider transactions and more. 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. If we change this policy in a material and retroactive manner, we will provide appropriate notice. It was also a pre-IPO investor in Latin America fintech Nubank, which went public in December. A spokesman for the firm declined to comment. If any provision of these Terms is held by a court or other tribunal of competent jurisdiction to be invalid, illegal or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms will continue in full force and effect. GENERAL PARTNER PETER M SACERDOTE INVESTMENT PARTNERS, L.P. WHALE ROCK LONG OPPORTUNITES MASTER FUND, LP. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. The article said Gerstner wanted to build a Venture Capital Read more 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. BOSTON, Dec 20 (Reuters) - Whale Rock Capital Management, which has returned nearly 40 percent this year, has stopped accepting new capital after its assets grew to $2.5 billion, a person familiar with the hedge funds decision said. Emphasis is put on balance sheet and cash flow analysis, particularly when free cash flow is significantly lower than net income. Company Name. 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. Whale Rock Capital Management 13F annual report We give you the access and tools to invest like a Wall Street money manager at a Main Street price. The management fee at Whale Rock is fixed and ranges from 1% to 1.75% per year. We may also collect the URL of the website visited immediately before coming to the Site. 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. Already a subscriber? Your computer may temporarily store copies of such materials in RAM incidental to your accessing and viewing those materials. Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding. Massive late-stage companies like Stripe and Instacart have been devalued by other investors and, in Instacart's case, the company's own management team. If you do not agree to the Terms, you must not access the Site. Hedge fund Whale Rock stops taking in new money amid strong Americas +1 212 318 2000. Collect data through automated means, such as through scrapers, spiders, robots, or other harvesting programs (collectively referred to as Auto Data Collection). Hedge Fund On the other hand, small-cap stocks make up only 5.9% of the portfolio. Bloomberg Law. Overseeing third party service providers; Hedge fund Whale Rock stops taking in new money amid strong These procedures include: Designation of one or more individuals responsible for maintaining and monitoring the information security program; The owner of the Site is based in the Commonwealth of Massachusetts in the United States. Sometimes understanding the S-curve can help you time your exit as well. No right, title, or interest in or to the Site or any content on the Site is transferred to you, and all rights not expressly granted are reserved by Whale Rock. Market volatility has remained high volatile following Russia's invasion of Ukraine. Dan Ramirez is an Analyst at Whale Rock Capital Management based in Boston, Massachusetts. 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. Electronic safeguards including firewalls for server database protection, passwords for computer login, and limited access to the computer room. on the official website of the Securities & Exchange Commission (SEC). 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. Whale Rock Capital Management corporate office is located in Two International Place Fl 24, Boston, Massachusetts, 02110, United States and has 44 employees. 70.6% of the portfolio companies Long-time Wayfair insider bought $13.6M of W on the open market. containing a link to download the .zip file of the CSV file(s) you requested. ? Factbox-Why are Hollywood writers threatening to strike? 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. Tiger Global Managements hedge fund, which also lost money last year, lost 14.8% for the month, another person said. 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. 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. 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. Zoom between states and the national map to see the top spots in each region. Sign up for notifications from Insider! 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. Is a crash imminent? It's public-only portfolio, documents show, fell 11% in December and brought that strategy's yearly losses to 19.2%. Average Retirement Savings: How Do You Compare? Our Standards: The Thomson Reuters Trust Principles. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. To exercise any of these rights, customers should send the request to the email below. These positions were updated on August 15th based on the funds latest 13F filing. Alex Sacerdote's $13 billion Whale Rock has joined the growing list of tech-focused funds showing double-digit losses for the first quarter. 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. Its very hard for that to happen in the middle of an inflection point on the S- curve. For European residents, this Privacy Policy describes the basis on which we process personal data and for what purposes, a summary of the privacy rights under applicable European privacy laws, including the General Data Protection Regulation, and other UK and European data privacy laws (the European Data Privacy Laws) and how we protect personal data. 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). You must have a subscription to view WhaleScore histories. These concentrated tech investors have both augmented and protected their returns with an increased allocation toward private companies especially late-stage tech companies in recent years. The fund focuses on investments in the United States as Bill Gurleys Stitch Fix insider buying comes as the stocks short interest soars. https://www.linkedin.com/company/whale-rock-capital-management-llc/ the MV of securities sold, whichever is less, Whale Rock Capital Management LLC is an investment management firm with more than $15billion in assets under management (AUM). WebFrom generating returns for our investors, to fulfilling promises to the communities in which we develop. 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. The founder, principal owner and managing member ofWhale Rock is Alexander Sacerdote, who is also its current CEO. Whalewisdom has at least 70 13F filings, 1 13D filings, 49 13G filings, and 2 Form 4 filings. 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. 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. Maintaining up-to-date virus definitions, firewall protections, and operating system security patches; our Subscriber Agreement and by copyright law. Performance numbers calculated through 2023-02-14. Also, scroll over any city to learn about the cost of living in retirement for that location. Dan received a Sacerdote also invests in short positions within the Whale Rock portfolio. WebSoftware Updates. Hedge fund XN was one of 2020s largest new funds. [1]: 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. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. It currently manages a total of eightpooled investment vehicles, six of which arehedge funds. The majority of the companies in the funds portfolio are large-cap stocks. 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. All quotes delayed a minimum of 15 minutes. 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. $13 billion Whale Rock lost more than 25% for the quarter in its public-only portfolio. We seek to analyze the relevant information to understand the longer-term valuation implications before the broader market does. Growth Stocks to Buy According to Alex Sacerdotes Whale Rock Capital But that strategy may hurt them this year, as many privately held tech companies have struggled. Investors react to every move they make. The firm serves as investment manager to its funds according to separate investment management agreements between each fund and Whale Rock. PETER M SACERDOTE INVESTMENT PARTNERS, L.P. CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL. It's unclear what dragged the manager down last year. 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. Download 13F Summary Whale Rock may also disclose personal information to governmental authorities as required or permitted by law; public and private social security and insurance agencies; consultants in connection with extraordinary business operations (e.g., mergers, acquisitions, and the like); to business partners, agents and customers; external consultants and professionals; courts and other dispute forums. 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. 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: increase in value). 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. Here are the 10 most popular hedge fund managers in WhaleWisdom. Sacerdote, Whale Rock Capital Management LLC: Profile Alt Turnover is calculated by taking either the total MV of new purchases or Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. From time to time, Whale Rock may restrict access to some parts of the Site, or the entire Site, to Users. Microsoft dropped approximately 0.1% in the past year. From identifying under-valued real estate assets, to optimizing returns for 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? CelLink Announces $250M in Series D Funding to Support In addition to connecting you withexpert advisors, SmartAsset also has various tools to help you get a snapshot of the numbers right now. . 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. Like many websites, we analyze how visitors use our Site through what is known as cookie technology. Create Email Alert, ***Log In or To submit a request for deletion, California residents may call Whale Rock at 617-502-9900 or visit www.whalerockcapital.com. All text and design is copyright 2020 WhaleWisdom.com. The firm's public-only fund fell 19.2% for the year after losing 11% in December. 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 Delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials from this Site. Tiger Global, headed by longtime industry darling Chase Coleman, fell particularly hard, posting a shocking 34% drop for the first quarter. 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. 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. It currently manages a total of eight. When we do, we will post the change(s) on our Site. If you access the Site from outside the United States, you do so on your own initiative and are responsible for compliance with local laws. The firm analyzes relevant information to understand the long-term valuation implications before the market even does. Whale Rock Capital Management is based out of Boston. Back in 2013, Bloomberg ran a profile of Brad Gerstner's Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer -- an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. 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. Of course, 13F filings do not disclose the short holdings of funds, so anyone replicating the 13F investments of Whale Rock is not benefiting from the managers short ideas. Growth Hedge Funds Suffer Worst Rout in Years - WSJ 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. 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. (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. 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. You can view its latest. Shares Owned. 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. Alex Sacerdote of Whale Rock Capital Management At Insider Monkey we leave no stone unturned when looking for the next great investment idea. See here for a complete list of exchanges and delays. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). BOSTON, Dec 20 (Reuters) - Whale Rock Capital Management, which has returned nearly 40 percent this year, has stopped accepting new capital after its assets OriginalWhaleScore Whale Rock Capital Management LLC Whale Rock has increased its bets on private stocks, similar to other tech-focused hedge funds. 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%. Whale Rock Capitals returns have been hard to beat. 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. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. 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