Whale Rock Capital

Q1 2021 13F · by Alex Sacerdote, founder

As of: Mar 31, 2021
Filed: May 17, 2021
US stock: $12.2B · prev $15.0B
Positions: 49 · prev 52
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves64 since the prior filing

+38.2 pp in · −38.3 pp out

New 16 +24.62 pp
Added 10 +13.57 pp
Trimmed 19 −12.57 pp
Exited 19 −25.74 pp

The book

Focused · behaves like 32 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 136% a year, about 0.7 years per position

Low
Moderate
High

Top 5 positions24% of US stock

Positions49 in this filing · 19 exited


AMZNAmazon.Com Inc	5.43%	213,351	$660M	added+34%	+1.97 pp	25 q
GOOGLAlphabet Inc. Class A	4.90%	288,966	$596M	new	+4.90 pp	new
TSLATesla, Inc.	4.80%	873,195	$583M	trimmed−47%	−2.93 pp	6 q
BILLBILL Holdings, Inc.	4.67%	3,905,451	$568M	added+11%	+1.48 pp	6 q
WWayfair Inc.	4.16%	1,608,311	$506M	new	+4.16 pp	new
SHOPShopify Inc. Class A subordinate voting shares	3.87%	425,207	$470M	trimmed−5%	+0.49 pp	22 q
METAMeta Platforms, Inc. Class A	3.58%	1,478,353	$435M	added×27.7	+3.48 pp	25 q
AMATApplied Materials Inc	3.32%	3,021,927	$404M	new	+3.32 pp	new
PTONPeloton Interactive, Inc. Class A	3.19%	3,444,987	$387M	trimmed−20%	−1.16 pp	5 q
WDAYWorkday, Inc. Class A	3.17%	1,549,438	$385M	new	+3.17 pp	new
FIVNFIVE9, Inc.	3.14%	2,443,957	$382M	trimmed−24%	−0.58 pp	7 q
PINSPinterest, Inc. Class A	3.07%	5,050,733	$374M	trimmed−31%	−0.16 pp	3 q
CRWDCrowdStrike Holdings, Inc. Class A	3.05%	2,033,269	$371M	trimmed−43%	−1.96 pp	8 q
DISThe Walt Disney Company	3.03%	1,993,838	$368M	trimmed−33%	−0.58 pp	2 q
ORCLOracle Corp	2.99%	5,189,215	$364M	new	+2.99 pp	new
BEKEKE Holdings Inc.	2.98%	6,369,603	$363M	added×2.4	+1.89 pp	3 q
MELIMercado Libre, Inc	2.94%	243,022	$358M	trimmed−17%	−0.33 pp	4 q
MDBMongoDB, Inc. Class A	2.78%	1,265,138	$338M	trimmed−7%	−0.48 pp	13 q
DDOGDatadog, Inc. Class A	2.66%	3,883,470	$324M	held	—	7 q
TRIPTripAdvisor, Inc.	2.57%	5,816,041	$313M	added+8%	+1.54 pp	2 q
CVNACarvana Co.	2.37%	1,100,302	$289M	trimmed−19%	+0.21 pp	12 q
FSLYFastly, Inc. Class A	2.28%	4,121,426	$277M	held	—	6 q
unresolvedCree Inc	2.05%	2,307,260	$249M	trimmed−43%	−0.82 pp	4 q
PENNPENN Entertainment, Inc.	2.05%	2,382,213	$250M	trimmed−57%	−1.10 pp	3 q
ZENZendesk Inc	2.02%	1,848,364	$245M	added+84%	+1.06 pp	28 q
TWTRTwitter, Inc.	1.97%	3,758,488	$239M	new	+1.97 pp	new
SMARSmartsheet Inc.	1.88%	3,584,619	$229M	added+19%	+0.49 pp	2 q
TWLOTwilio Inc.	1.88%	670,430	$228M	added+73%	+1.01 pp	12 q
SESea Limited	1.83%	994,231	$222M	trimmed−57%	−1.26 pp	5 q
ASMLASML Holding NV	1.64%	323,627	$200M	new	+1.64 pp	new
BILIBilibili Inc.	1.62%	1,841,893	$197M	added+7%	+0.64 pp	2 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.22%	1,251,240	$148M	trimmed−69%	−1.71 pp	3 q
COUPCoupa Software Incorporated	1.05%	499,838	$127M	trimmed−14%	−0.26 pp	13 q
unresolvedDuck Creek Technologies	0.83%	2,247,629	$101M	held	—	3 q
MSFTMicrosoft Corp	0.83%	425,632	$100M	new	+0.83 pp	new
PDDPDD Holdings Inc.	0.77%	700,484	$94M	trimmed−3%	−0.08 pp	2 q
NCNOnCino, Inc.	0.74%	1,345,340	$90M	new	+0.74 pp	new
SNOWSnowflake Inc.	0.57%	300,400	$69M	added0%	+0.01 pp	3 q
DASHDoorDash, Inc. Class A	0.54%	502,500	$66M	trimmed−1%	+0.06 pp	2 q
ABNBAirbnb, Inc. Class A	0.46%	300,000	$56M	trimmed−1%	+0.16 pp	2 q
CPNGCoupang, Inc.	0.29%	713,964	$35M	new	+0.29 pp	new
XMQualtrics International Inc. Class A	0.14%	500,000	$16M	new	+0.14 pp	new
AFRMAffirm Holdings, Inc. Class A	0.13%	225,000	$16M	new	+0.13 pp	new
UUnity Software Inc.	0.12%	150,000	$15M	held	—	3 q
ACVAACV Auctions Inc.	0.11%	400,000	$14M	new	+0.11 pp	new
TBAThoma Bravo Advantage-cl A	0.09%	998,392	$10M	new	+0.09 pp	new
AIC3.ai, Inc.	0.08%	152,500	$10M	trimmed−12%	−0.08 pp	2 q
OLOOlo Inc.	0.08%	350,000	$9M	new	+0.08 pp	new
DLBDolby Laboratories, Inc.Class A	0.06%	68,873	$7M	new	+0.06 pp	new
XYZBlock, Inc.	—	−2,788,458	—	exited	−4.04 pp	—
NXPINXP Semiconductors N.V.	—	−2,706,573	—	exited	−2.86 pp	—
MTCHMatch Group, Inc	—	−2,452,051	—	exited	−2.47 pp	—
ZMZoom Communications, Inc. Class A	—	−1,049,062	—	exited	−2.35 pp	—
UBERUber Technologies, Inc.	—	−6,695,827	—	exited	−2.27 pp	—
ZSZscaler, Inc.	—	−1,477,851	—	exited	−1.96 pp	—
CRUSCirrus Logic Inc	—	−3,005,710	—	exited	−1.64 pp	—
EXPEExpedia Group, Inc.	—	−1,454,232	—	exited	−1.28 pp	—
FTCHQFarfetch Limited A	—	−2,860,129	—	exited	−1.21 pp	—
NVDANvidia Corp	—	−303,489	—	exited	−1.05 pp	—
JDJD.com, Inc.	—	−1,535,004	—	exited	−0.90 pp	—
EGHT8x8, Inc.	—	−3,780,928	—	exited	−0.87 pp	—
OKTAOkta, Inc. Class A	—	−495,193	—	exited	−0.84 pp	—
SNAPSnap Inc.	—	−2,373,004	—	exited	−0.79 pp	—
MPWRMonolithic Power Systems, Inc.	—	−265,236	—	exited	−0.65 pp	—
NETCloudflare, Inc. Class A, par value $0.001 per share	—	−567,978	—	exited	−0.29 pp	—
ROOTRoot, Inc. Class A	—	−1,851,852	—	exited	−0.19 pp	—
OZONOzon Holdings PLC	—	−249,980	—	exited	−0.07 pp	—
unresolvedYatsen Holding Ltd ADR	—	−49,996	—	exited	−0.01 pp	—