Whale Rock Capital

Q3 2020 13F · by Alex Sacerdote, founder

As of: Sep 30, 2020
Filed: Nov 16, 2020
US stock: $14.7B · prev $12.5B
Positions: 46 · prev 42
Options notional: $454M
Documents: 1· no amendments

Picture97.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 97.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 3.0%
Calls at notional value 0.0%

Moves54 since the prior filing

+22.2 pp in · −22.0 pp out

New 12 +13.60 pp
Added 17 +8.60 pp
Trimmed 14 −8.18 pp
Exited 8 −13.78 pp

Options: 3 moves on a notional base, in the table below.

The book

Focused · behaves like 32 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 98% a year, about 1.0 years per position

Low
Moderate
High

Top 5 positions26% of US stock

Positions46 in this filing · 8 exited


AMZNAmazon.Com Inc	6.95%	323,248	$1.0B	added+10%	+0.46 pp	23 q
SHOPShopify Inc. Class A subordinate voting shares	5.22%	747,767	$765M	trimmed−5%	−0.76 pp	20 q
TSLATesla, Inc.	4.99%	1,704,577	$731M	trimmed−44%	−0.29 pp	4 q
ZMZoom Communications, Inc. Class A	4.80%	1,497,230	$704M	trimmed−25%	+0.78 pp	3 q
JDJD.com, Inc.	3.57%	6,741,796	$523M	added+29%	+1.06 pp	3 q
FSLYFastly, Inc. Class A	3.32%	5,192,617	$486M	trimmed−20%	−1.09 pp	4 q
PTONPeloton Interactive, Inc. Class A	3.25%	4,806,269	$477M	added×2.8	+2.47 pp	3 q
CRWDCrowdStrike Holdings, Inc. Class A	3.16%	3,377,169	$464M	added+16%	+0.83 pp	6 q
DDOGDatadog, Inc. Class A	3.03%	4,341,044	$443M	trimmed−20%	−0.73 pp	5 q
XYZBlock, Inc.	3.03%	2,727,381	$443M	trimmed−21%	+0.14 pp	2 q
WWayfair Inc.	2.98%	1,500,330	$437M	added+11%	+0.85 pp	8 q
PENNPENN Entertainment, Inc.	2.88%	5,800,661	$422M	new	+2.88 pp	new
COUPCoupa Software Incorporated	2.86%	1,526,408	$419M	trimmed−7%	−0.75 pp	11 q
BABAAlibaba Group Holding Limited	2.79%	1,391,353	$409M	new	+2.79 pp	new
METAMeta Platforms, Inc. Class A	2.74%	1,530,880	$401M	added+8%	+0.16 pp	23 q
OKTAOkta, Inc. Class A	2.72%	1,867,286	$399M	trimmed−8%	−0.53 pp	9 q
BILLBILL Holdings, Inc.	2.50%	3,646,821	$366M	added+47%	+0.71 pp	4 q
MSFTMicrosoft Corp	2.50%	1,744,481	$367M	trimmed−25%	−1.29 pp	6 q
FIVNFIVE9, Inc.	2.45%	2,773,856	$360M	added+30%	+0.57 pp	5 q
MELIMercado Libre, Inc	2.42%	327,964	$355M	added+63%	+0.84 pp	2 q
SESea Limited	2.40%	2,282,702	$352M	added+25%	+0.83 pp	3 q
NXPINXP Semiconductors N.V.	2.29%	2,692,879	$336M	added+4%	−0.07 pp	2 q
NVDANvidia Corp	2.15%	582,049	$315M	added+4%	+0.45 pp	3 q
MDBMongoDB, Inc. Class A	1.87%	1,181,017	$273M	held	—	11 q
PINSPinterest, Inc. Class A	1.81%	6,387,671	$265M	new	+1.81 pp	new
AVLRAvalara, Inc.	1.80%	2,071,967	$264M	added0%	−0.40 pp	6 q
ZENZendesk Inc	1.74%	2,484,568	$256M	trimmed−16%	−0.36 pp	26 q
FTNTFortinet, Inc.	1.57%	1,954,144	$230M	trimmed−23%	−1.20 pp	4 q
MPWRMonolithic Power Systems, Inc.	1.57%	821,251	$230M	added+4%	+0.07 pp	21 q
TWLOTwilio Inc.	1.57%	931,340	$230M	trimmed0%	−0.06 pp	10 q
unresolvedCree Inc	1.46%	3,367,303	$215M	added+4%	−0.07 pp	2 q
STNEStoneCo Ltd. Class A	1.44%	3,984,916	$211M	added+4%	+0.25 pp	7 q
AMDAdvanced Micro Devices	1.37%	2,457,233	$201M	new	+1.37 pp	new
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.36%	2,451,291	$199M	new	+1.36 pp	new
AYXAlteryx, Inc.	1.33%	1,720,191	$195M	added+30%	−0.41 pp	9 q
DAYDayforce, Inc.	1.24%	2,204,465	$182M	trimmed−22%	−0.54 pp	10 q
BEKEKE Holdings Inc.	1.09%	2,614,205	$160M	new	+1.09 pp	new
CRUSCirrus Logic Inc	0.97%	2,099,026	$142M	new	+0.97 pp	new
NOWServicenow, Inc.	0.94%	283,636	$138M	held	—	7 q
unresolvedDuck Creek Technologies	0.70%	2,247,629	$102M	new	+0.70 pp	new
SNOWSnowflake Inc.	0.51%	300,000	$75M	new	+0.51 pp	new
CVNACarvana Co.	0.42%	278,213	$62M	trimmed−86%	−1.50 pp	10 q
VRMVroom, Inc.	0.11%	302,000	$16M	held	—	2 q
UUnity Software Inc.	0.09%	150,000	$13M	new	+0.09 pp	new
SUMOSumo Logic, Inc.	0.02%	165,000	$4M	new	+0.02 pp	new
FROGJFrog Ltd.	0.01%	15,000	$1M	new	+0.01 pp	new
DOCUDocuSign, Inc.	—	−3,144,914	—	exited	−4.32 pp	—
SMARSmartsheet Inc.	—	−5,589,435	—	exited	−2.27 pp	—
GOOGLAlphabet Inc. Class A	—	−188,045	—	exited	−2.13 pp	—
AAPLApple Inc.	—	−2,399,432	—	exited	−1.75 pp	—
LRCXLam Research Corp	—	−550,421	—	exited	−1.42 pp	—
NETCloudflare, Inc. Class A, par value $0.001 per share	—	−3,456,057	—	exited	−0.99 pp	—
RNGRingcentral, Inc.	—	−342,036	—	exited	−0.78 pp	—
GTMZoomInfo Technologies Inc	—	−302,990	—	exited	−0.12 pp	—