Whale Rock Capital

Q2 2021 13F · by Alex Sacerdote, founder

As of: Jun 30, 2021
Filed: Sep 24, 2021
US stock: $15.3B · prev $12.2B
Positions: 62 · prev 49
Options notional: $0
Documents: 1· 1 amendment

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%

Moves70 since the prior filing

+31.4 pp in · −29.6 pp out

New 28 +24.32 pp
Added 13 +7.09 pp
Trimmed 14 −13.82 pp
Exited 15 −15.77 pp

The book

Focused · behaves like 34 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 82% a year, about 1.2 years per position

Low
Moderate
High

Top 5 positions24% of US stock

Revealed late, restated

restated 1 row corrected by the filer · US stock −0.66%; later quarters recomputed 13F-HR/A · Sep 24, 2021 ↗

Positions62 in this filing · 15 exited


AMZNAmazon.Com Inc	5.46%	243,244	$837M	added+14%	+0.03 pp	26 q
SHOPShopify Inc. Class A subordinate voting shares	5.18%	543,134	$794M	added+28%	+1.31 pp	23 q
CRWDCrowdStrike Holdings, Inc. Class A	4.84%	2,947,947	$741M	added+45%	+1.79 pp	9 q
BILLBILL Holdings, Inc.	4.35%	3,637,475	$666M	trimmed−7%	−0.32 pp	7 q
GOOGLAlphabet Inc. Class A	4.27%	267,730	$654M	trimmed−7%	−0.63 pp	2 q
TSLATesla, Inc.	3.87%	873,195	$594M	held	—	7 q
ROKURoku, Inc. Class A	3.79%	1,263,757	$580M	new	+3.79 pp	new
WWayfair Inc.	3.76%	1,823,299	$576M	added+13%	−0.40 pp	2 q
FIVNFIVE9, Inc.	3.42%	2,852,885	$523M	added+17%	+0.28 pp	8 q
ZMZoom Communications, Inc. Class A	3.37%	1,332,261	$516M	new	+3.37 pp	new
METAMeta Platforms, Inc. Class A	3.31%	1,459,468	$507M	trimmed−1%	−0.27 pp	26 q
DASHDoorDash, Inc. Class A	3.21%	2,755,333	$491M	added×5.5	+2.67 pp	3 q
MDBMongoDB, Inc. Class A	2.99%	1,265,138	$457M	held	—	14 q
DDOGDatadog, Inc. Class A	2.64%	3,883,470	$404M	held	—	8 q
PTONPeloton Interactive, Inc. Class A	2.55%	3,148,343	$390M	trimmed−9%	−0.64 pp	6 q
RBLXRoblox Corporation	2.55%	4,336,835	$390M	new	+2.55 pp	new
MSFTMicrosoft Corp	2.53%	1,428,857	$387M	added×3.4	+1.70 pp	2 q
HUBSHubspot, Inc.	2.33%	613,225	$357M	new	+2.33 pp	new
BEKEKE Holdings Inc.	2.30%	7,376,071	$352M	added+16%	−0.68 pp	4 q
ESTCElastic N.V.	2.11%	2,215,171	$323M	new	+2.11 pp	new
ZENZendesk Inc	1.91%	2,029,135	$293M	added+10%	−0.11 pp	29 q
TWLOTwilio Inc.	1.88%	729,359	$287M	added+9%	0.00 pp	13 q
MELIMercado Libre, Inc	1.84%	180,463	$281M	trimmed−26%	−1.10 pp	5 q
AMATApplied Materials Inc	1.76%	1,898,693	$270M	trimmed−37%	−1.56 pp	2 q
CVNACarvana Co.	1.72%	874,728	$264M	trimmed−21%	−0.65 pp	13 q
FSLYFastly, Inc. Class A	1.60%	4,121,426	$246M	held	—	7 q
NVDANvidia Corp	1.56%	298,949	$239M	new	+1.56 pp	new
XYZBlock, Inc.	1.53%	960,336	$234M	new	+1.53 pp	new
OKTAOkta, Inc. Class A	1.49%	934,484	$229M	new	+1.49 pp	new
WDAYWorkday, Inc. Class A	1.41%	906,762	$216M	trimmed−41%	−1.76 pp	2 q
SESea Limited	1.38%	768,752	$211M	trimmed−23%	−0.45 pp	6 q
SNOWSnowflake Inc.	1.24%	788,034	$191M	added×2.6	+0.67 pp	4 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.08%	1,379,510	$166M	added+10%	−0.14 pp	4 q
PENNPENN Entertainment, Inc.	1.02%	2,044,435	$156M	trimmed−14%	−1.03 pp	4 q
TRIPTripAdvisor, Inc.	1.01%	3,842,643	$155M	trimmed−34%	−1.56 pp	3 q
COUPCoupa Software Incorporated	0.86%	499,838	$131M	held	—	14 q
DOCSDoximity, Inc.	0.84%	2,210,255	$129M	new	+0.84 pp	new
unresolvedCree Inc	0.78%	1,225,247	$120M	trimmed−47%	−1.27 pp	5 q
FLYWFlywire Corporation Voting	0.73%	3,030,005	$111M	new	+0.73 pp	new
YMMFull Truck Alliance Co. Ltd.	0.70%	5,233,418	$107M	new	+0.70 pp	new
PATHUiPath, Inc.	0.68%	1,531,502	$104M	new	+0.68 pp	new
unresolvedDuck Creek Technologies	0.64%	2,247,629	$98M	held	—	4 q
PINSPinterest, Inc. Class A	0.51%	993,592	$78M	trimmed−80%	−2.56 pp	4 q
BZKANZHUN LIMITED American Depository Shares	0.46%	1,794,600	$71M	new	+0.46 pp	new
QQQInvesco QQQ Trust, Series 1	0.27%	118,393	$42M	new	+0.27 pp	new
CPNGCoupang, Inc.	0.26%	959,475	$40M	added+34%	−0.03 pp	2 q
unresolvedKNOWBE4 Inc	0.26%	1,250,000	$39M	new	+0.26 pp	new
CRCTCricut, Inc. Class A	0.22%	781,470	$33M	new	+0.22 pp	new
CCCCCC Intelligent Solutions Holdings Inc.	0.22%	3,326,451	$33M	new	+0.22 pp	new
VICRVicor Corp	0.21%	309,815	$33M	new	+0.21 pp	new
GLBEGlobal-E Online Ltd.	0.19%	499,989	$29M	new	+0.19 pp	new
PCORProcore Technologies, Inc.	0.15%	249,994	$24M	new	+0.15 pp	new
MNDYmonday.com Ltd.	0.15%	100,000	$22M	new	+0.15 pp	new
CFLTConfluent, Inc. Class A	0.09%	300,000	$14M	new	+0.09 pp	new
MQMarqeta, Inc. Class A	0.09%	499,996	$14M	new	+0.09 pp	new
OLOOlo Inc.	0.09%	350,000	$13M	held	—	2 q
TASKTaskUs, Inc. Class A	0.08%	350,000	$12M	new	+0.08 pp	new
XMTRXometry, Inc. Class A	0.08%	135,000	$12M	new	+0.08 pp	new
DLODLocal Limited Class A	0.08%	239,999	$13M	new	+0.08 pp	new
unresolvedCatalyst Partnrs Acquisitn C	0.07%	999,979	$10M	new	+0.07 pp	new
DLBDolby Laboratories, Inc.Class A	0.04%	68,870	$7M	trimmed0%	−0.02 pp	2 q
unresolvedRodgers Silicon Valley Aq Co	0.02%	111,800	$3M	new	+0.02 pp	new
DISThe Walt Disney Company	—	−1,993,838	—	exited	−3.03 pp	—
ORCLOracle Corp	—	−5,189,215	—	exited	−2.99 pp	—
TWTRTwitter, Inc.	—	−3,758,488	—	exited	−1.97 pp	—
SMARSmartsheet Inc.	—	−3,584,619	—	exited	−1.88 pp	—
ASMLASML Holding NV	—	−323,627	—	exited	−1.64 pp	—
BILIBilibili Inc.	—	−1,841,893	—	exited	−1.62 pp	—
PDDPDD Holdings Inc.	—	−700,484	—	exited	−0.77 pp	—
NCNOnCino, Inc.	—	−1,345,340	—	exited	−0.74 pp	—
ABNBAirbnb, Inc. Class A	—	−300,000	—	exited	−0.46 pp	—
XMQualtrics International Inc. Class A	—	−500,000	—	exited	−0.14 pp	—
AFRMAffirm Holdings, Inc. Class A	—	−225,000	—	exited	−0.13 pp	—
UUnity Software Inc.	—	−150,000	—	exited	−0.12 pp	—
ACVAACV Auctions Inc.	—	−400,000	—	exited	−0.11 pp	—
TBAThoma Bravo Advantage-cl A	—	−998,392	—	exited	−0.09 pp	—
AIC3.ai, Inc.	—	−152,500	—	exited	−0.08 pp	—