Whale Rock Capital

Q3 2021 13F · by Alex Sacerdote, founder

As of: Sep 30, 2021
Filed: Nov 15, 2021
US stock: $15.2B · prev $15.3B
Positions: 69 · prev 62
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%

Moves72 since the prior filing

+16.9 pp in · −18.8 pp out

New 17 +7.85 pp
Added 15 +9.05 pp
Trimmed 30 −12.84 pp
Exited 10 −5.95 pp

The book

Focused · behaves like 33 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 57% a year, about 1.8 years per position

Low
Moderate
High

Top 5 positions26% of US stock

Positions69 in this filing · 10 exited


BILLBILL Holdings, Inc.	6.18%	3,524,359	$941M	trimmed−3%	+1.83 pp	8 q
GOOGLAlphabet Inc. Class A	5.41%	308,169	$824M	added+15%	+1.14 pp	3 q
TSLATesla, Inc.	5.11%	1,003,112	$778M	added+15%	+1.24 pp	8 q
AMZNAmazon.Com Inc	4.87%	225,685	$741M	trimmed−7%	−0.59 pp	27 q
CRWDCrowdStrike Holdings, Inc. Class A	4.74%	2,940,334	$723M	trimmed−0%	−0.10 pp	10 q
SHOPShopify Inc. Class A subordinate voting shares	4.31%	483,949	$656M	trimmed−11%	−0.87 pp	24 q
MDBMongoDB, Inc. Class A	3.92%	1,265,138	$597M	held	—	15 q
DASHDoorDash, Inc. Class A	3.72%	2,748,217	$566M	trimmed−0%	+0.51 pp	4 q
DDOGDatadog, Inc. Class A	3.60%	3,883,470	$549M	held	—	9 q
HUBSHubspot, Inc.	3.60%	812,268	$549M	added+32%	+1.27 pp	2 q
METAMeta Platforms, Inc. Class A	3.55%	1,593,765	$541M	added+9%	+0.24 pp	27 q
WWayfair Inc.	2.67%	1,591,646	$407M	trimmed−13%	−1.09 pp	3 q
MSFTMicrosoft Corp	2.64%	1,425,168	$402M	trimmed−0%	+0.11 pp	3 q
NVDANvidia Corp	2.43%	1,785,693	$370M	added+49%	+0.87 pp	2 q
FIVNFIVE9, Inc.	2.41%	2,302,006	$368M	trimmed−19%	−1.01 pp	9 q
DOCSDoximity, Inc.	2.08%	3,932,570	$317M	added+78%	+1.24 pp	2 q
ROKURoku, Inc. Class A	1.96%	952,199	$298M	trimmed−25%	−1.83 pp	2 q
CVNACarvana Co.	1.73%	874,728	$264M	held	—	14 q
UPSTUpstart Holdings, Inc.	1.72%	829,995	$263M	new	+1.72 pp	new
MELIMercado Libre, Inc	1.68%	152,057	$255M	trimmed−16%	−0.16 pp	6 q
AMATApplied Materials Inc	1.60%	1,893,793	$244M	trimmed−0%	−0.16 pp	3 q
SESea Limited	1.60%	766,767	$244M	trimmed−0%	+0.22 pp	7 q
SNOWSnowflake Inc.	1.56%	787,435	$238M	trimmed−0%	+0.32 pp	5 q
ESTCElastic N.V.	1.54%	1,576,948	$235M	trimmed−29%	−0.57 pp	2 q
XYZBlock, Inc.	1.51%	957,856	$230M	trimmed−0%	−0.02 pp	2 q
DOCNDigitalOcean Holdings, Inc.	1.48%	2,896,393	$225M	new	+1.48 pp	new
OKTAOkta, Inc. Class A	1.45%	932,071	$221M	trimmed−0%	−0.04 pp	2 q
MNDYmonday.com Ltd.	1.29%	600,961	$196M	added×6.0	+1.14 pp	2 q
HOODRobinhood Markets, Inc. Class A	1.28%	4,651,998	$196M	new	+1.28 pp	new
ZENZendesk Inc	1.26%	1,645,863	$192M	trimmed−19%	−0.65 pp	30 q
PTONPeloton Interactive, Inc. Class A	1.21%	2,114,395	$184M	trimmed−33%	−1.34 pp	7 q
RBLXRoblox Corporation	1.06%	2,129,849	$161M	trimmed−51%	−1.49 pp	2 q
TWLOTwilio Inc.	1.04%	496,441	$158M	trimmed−32%	−0.84 pp	14 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.02%	1,394,066	$156M	added+1%	−0.06 pp	5 q
PENNPENN Entertainment, Inc.	0.97%	2,044,435	$148M	held	—	5 q
VICRVicor Corp	0.92%	1,043,932	$140M	added×3.4	+0.71 pp	2 q
ENVXEnovix Corporation	0.89%	7,174,862	$136M	new	+0.89 pp	new
FLYWFlywire Corporation Voting	0.87%	3,030,005	$133M	held	—	2 q
ZMZoom Communications, Inc. Class A	0.83%	482,826	$126M	trimmed−64%	−2.54 pp	2 q
COUPCoupa Software Incorporated	0.72%	499,838	$110M	held	—	15 q
TWKSThoughtworks Holding, Inc.	0.70%	3,726,395	$107M	new	+0.70 pp	new
unresolvedDuck Creek Technologies	0.65%	2,247,629	$99M	held	—	5 q
DUOLDuolingo, Inc. Class A	0.64%	584,415	$97M	new	+0.64 pp	new
GLBEGlobal-E Online Ltd.	0.57%	1,215,874	$87M	added×2.4	+0.38 pp	2 q
PATHUiPath, Inc.	0.53%	1,531,031	$81M	trimmed−0%	−0.15 pp	2 q
CCCCCC Intelligent Solutions Holdings Inc.	0.46%	6,737,374	$71M	added×2.0	+0.24 pp	2 q
BEKEKE Holdings Inc.	0.45%	3,780,797	$69M	trimmed−49%	−1.85 pp	5 q
BZKANZHUN LIMITED American Depository Shares	0.44%	1,856,029	$67M	added+3%	−0.02 pp	2 q
CFLTConfluent, Inc. Class A	0.33%	834,992	$50M	added×2.8	+0.24 pp	2 q
PINSPinterest, Inc. Class A	0.33%	991,026	$50M	trimmed−0%	−0.18 pp	5 q
TASKTaskUs, Inc. Class A	0.32%	741,479	$49M	added×2.1	+0.24 pp	2 q
OLOOlo Inc.	0.27%	1,354,412	$41M	added×3.9	+0.18 pp	3 q
CCIVLucid Group, Inc.	0.25%	1,472,150	$37M	new	+0.25 pp	new
VTEXVtex	0.20%	1,497,398	$31M	new	+0.20 pp	new
CPNGCoupang, Inc.	0.18%	958,509	$27M	trimmed−0%	−0.08 pp	3 q
unresolvedKNOWBE4 Inc	0.18%	1,249,880	$27M	trimmed−0%	−0.08 pp	2 q
unresolvedInstructure Hldgs Inc	0.15%	999,937	$23M	new	+0.15 pp	new
PCORProcore Technologies, Inc.	0.15%	249,944	$22M	trimmed−0%	0.00 pp	2 q
QQQInvesco QQQ Trust, Series 1	0.12%	50,415	$18M	trimmed−57%	−0.15 pp	2 q
LAWCS Disco, Inc.	0.11%	356,353	$17M	new	+0.11 pp	new
CWANClearwater Analytics Hds-a	0.11%	650,000	$17M	new	+0.11 pp	new
ESMTEngagesmart Inc	0.09%	400,000	$14M	new	+0.09 pp	new
unresolvedMELI Kaszek Pioneer	0.07%	1,000,000	$11M	new	+0.07 pp	new
DHDefinitive Healthcare Corp. Class A	0.06%	200,000	$9M	new	+0.06 pp	new
RELYRemitly Global, Inc.	0.06%	250,000	$9M	new	+0.06 pp	new
unresolvedCatalyst Partnrs Acquisitn C	0.06%	999,778	$10M	trimmed−0%	−0.01 pp	2 q
XMTRXometry, Inc. Class A	0.05%	134,974	$8M	trimmed−0%	−0.03 pp	2 q
TOSTToast, Inc.	0.03%	103,585	$5M	new	+0.03 pp	new
FRSHFreshworks Inc. Class A	0.01%	41,435	$2M	new	+0.01 pp	new
FSLYFastly, Inc. Class A	—	−4,121,426	—	exited	−1.60 pp	—
WDAYWorkday, Inc. Class A	—	−906,762	—	exited	−1.41 pp	—
TRIPTripAdvisor, Inc.	—	−3,842,643	—	exited	−1.01 pp	—
unresolvedCree Inc	—	−1,225,247	—	exited	−0.78 pp	—
YMMFull Truck Alliance Co. Ltd.	—	−5,233,418	—	exited	−0.70 pp	—
CRCTCricut, Inc. Class A	—	−781,470	—	exited	−0.22 pp	—
MQMarqeta, Inc. Class A	—	−499,996	—	exited	−0.09 pp	—
DLODLocal Limited Class A	—	−239,999	—	exited	−0.08 pp	—
DLBDolby Laboratories, Inc.Class A	—	−68,870	—	exited	−0.04 pp	—
unresolvedRodgers Silicon Valley Aq Co	—	−111,800	—	exited	−0.02 pp	—