Whale Rock Capital

Q4 2021 13F · by Alex Sacerdote, founder

As of: Dec 31, 2021
Filed: Feb 14, 2022
US stock: $11.8B · prev $15.2B
Positions: 49 · prev 69
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%

Moves75 since the prior filing

+27.2 pp in · −27.2 pp out

New 8 +8.28 pp
Added 19 +18.95 pp
Trimmed 20 −4.80 pp
Exited 28 −22.38 pp

The book

Focused · behaves like 23 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 69% a year, about 1.4 years per position

Low
Moderate
High

Top 5 positions35% of US stock

Positions49 in this filing · 28 exited


TSLATesla, Inc.	9.22%	1,032,528	$1.1B	added+3%	+4.11 pp	9 q
GOOGLAlphabet Inc. Class A	8.00%	326,649	$946M	added+6%	+2.59 pp	4 q
BILLBILL Holdings, Inc.	7.26%	3,449,256	$859M	trimmed−2%	+1.08 pp	9 q
SHOPShopify Inc. Class A subordinate voting shares	5.54%	475,567	$655M	trimmed−2%	+1.23 pp	25 q
CRWDCrowdStrike Holdings, Inc. Class A	5.29%	3,057,196	$626M	added+4%	+0.55 pp	11 q
AMZNAmazon.Com Inc	5.23%	185,417	$618M	trimmed−18%	+0.36 pp	28 q
METAMeta Platforms, Inc. Class A	4.94%	1,738,284	$585M	added+9%	+1.39 pp	28 q
CVNACarvana Co.	4.60%	2,347,595	$544M	added×2.7	+2.87 pp	15 q
MSFTMicrosoft Corp	4.31%	1,514,935	$510M	added+6%	+1.67 pp	4 q
HUBSHubspot, Inc.	3.24%	580,772	$383M	trimmed−29%	−0.36 pp	3 q
MNDYmonday.com Ltd.	3.15%	1,207,542	$373M	added×2.0	+1.86 pp	3 q
MDBMongoDB, Inc. Class A	3.01%	672,054	$356M	trimmed−47%	−0.91 pp	16 q
DASHDoorDash, Inc. Class A	2.99%	2,372,814	$353M	trimmed−14%	−0.73 pp	5 q
FIVNFIVE9, Inc.	2.84%	2,447,002	$336M	added+6%	+0.43 pp	10 q
AMDAdvanced Micro Devices	2.55%	2,097,604	$302M	new	+2.55 pp	new
DOCSDoximity, Inc.	2.39%	5,631,376	$282M	added+43%	+0.31 pp	3 q
DOCNDigitalOcean Holdings, Inc.	2.31%	3,398,517	$273M	added+17%	+0.83 pp	2 q
NUNu Holdings Ltd.	2.16%	27,204,417	$255M	new	+2.16 pp	new
NVDANvidia Corp	1.84%	740,370	$218M	trimmed−59%	−0.59 pp	3 q
CFLTConfluent, Inc. Class A	1.82%	2,826,020	$215M	added×3.4	+1.49 pp	3 q
ENVXEnovix Corporation	1.65%	7,167,885	$196M	trimmed−0%	+0.76 pp	2 q
CALXCalix, Inc.	1.51%	2,229,684	$178M	new	+1.51 pp	new
MELIMercado Libre, Inc	1.32%	116,128	$157M	trimmed−24%	−0.36 pp	7 q
NETCloudflare, Inc. Class A, par value $0.001 per share	1.26%	1,130,399	$149M	new	+1.26 pp	new
WWayfair Inc.	1.22%	760,720	$145M	trimmed−52%	−1.45 pp	4 q
ZENZendesk Inc	0.99%	1,122,209	$117M	trimmed−32%	−0.27 pp	31 q
FLYWFlywire Corporation Voting	0.97%	3,029,978	$115M	trimmed0%	+0.10 pp	3 q
SESea Limited	0.92%	486,748	$109M	trimmed−37%	−0.68 pp	8 q
CCCCCC Intelligent Solutions Holdings Inc.	0.90%	9,380,788	$107M	added+39%	+0.44 pp	3 q
XYZBlock, Inc.	0.87%	640,849	$104M	trimmed−33%	−0.64 pp	3 q
TWKSThoughtworks Holding, Inc.	0.84%	3,725,841	$100M	trimmed−0%	+0.14 pp	2 q
GLBEGlobal-E Online Ltd.	0.74%	1,379,935	$87M	added+13%	+0.17 pp	3 q
COUPCoupa Software Incorporated	0.67%	499,838	$79M	held	—	16 q
unresolvedDuck Creek Technologies	0.57%	2,233,449	$67M	trimmed−1%	−0.08 pp	6 q
OKTAOkta, Inc. Class A	0.44%	233,018	$52M	trimmed−75%	−1.01 pp	3 q
PATHUiPath, Inc.	0.41%	1,122,665	$48M	trimmed−27%	−0.12 pp	3 q
RIVNRivian Automotive, Inc. Class A	0.30%	343,889	$36M	new	+0.30 pp	new
HOODRobinhood Markets, Inc. Class A	0.29%	1,935,483	$34M	trimmed−58%	−0.99 pp	2 q
HCPHashiCorp, Inc. Class A	0.26%	341,720	$31M	new	+0.26 pp	new
unresolvedKNOWBE4 Inc	0.24%	1,250,113	$29M	added0%	+0.06 pp	3 q
QQQInvesco QQQ Trust, Series 1	0.18%	52,448	$21M	added+4%	+0.06 pp	3 q
PCORProcore Technologies, Inc.	0.17%	249,948	$20M	added0%	+0.02 pp	3 q
BRZEBraze, Inc. Class A	0.13%	200,000	$15M	new	+0.13 pp	new
GTLBGitLab Inc. Class A	0.11%	152,513	$13M	new	+0.11 pp	new
unresolvedMELI Kaszek Pioneer	0.10%	1,000,194	$12M	added0%	+0.03 pp	2 q
TOSTToast, Inc.	0.08%	286,592	$10M	added×2.8	+0.05 pp	2 q
unresolvedCatalyst Partnrs Acquisitn C	0.08%	999,964	$10M	added0%	+0.02 pp	3 q
XMTRXometry, Inc. Class A	0.06%	134,974	$7M	held	—	3 q
TASKTaskUs, Inc. Class A	0.04%	80,038	$4M	trimmed−89%	−0.28 pp	3 q
DDOGDatadog, Inc. Class A	—	−3,883,470	—	exited	−3.60 pp	—
ROKURoku, Inc. Class A	—	−952,199	—	exited	−1.96 pp	—
UPSTUpstart Holdings, Inc.	—	−829,995	—	exited	−1.72 pp	—
AMATApplied Materials Inc	—	−1,893,793	—	exited	−1.60 pp	—
SNOWSnowflake Inc.	—	−787,435	—	exited	−1.56 pp	—
ESTCElastic N.V.	—	−1,576,948	—	exited	−1.54 pp	—
PTONPeloton Interactive, Inc. Class A	—	−2,114,395	—	exited	−1.21 pp	—
RBLXRoblox Corporation	—	−2,129,849	—	exited	−1.06 pp	—
TWLOTwilio Inc.	—	−496,441	—	exited	−1.04 pp	—
TSMTaiwan Semiconductor Manufacturing Company Ltd.	—	−1,394,066	—	exited	−1.02 pp	—
PENNPENN Entertainment, Inc.	—	−2,044,435	—	exited	−0.97 pp	—
VICRVicor Corp	—	−1,043,932	—	exited	−0.92 pp	—
ZMZoom Communications, Inc. Class A	—	−482,826	—	exited	−0.83 pp	—
DUOLDuolingo, Inc. Class A	—	−584,415	—	exited	−0.64 pp	—
BEKEKE Holdings Inc.	—	−3,780,797	—	exited	−0.45 pp	—
BZKANZHUN LIMITED American Depository Shares	—	−1,856,029	—	exited	−0.44 pp	—
PINSPinterest, Inc. Class A	—	−991,026	—	exited	−0.33 pp	—
OLOOlo Inc.	—	−1,354,412	—	exited	−0.27 pp	—
CCIVLucid Group, Inc.	—	−1,472,150	—	exited	−0.25 pp	—
VTEXVtex	—	−1,497,398	—	exited	−0.20 pp	—
CPNGCoupang, Inc.	—	−958,509	—	exited	−0.18 pp	—
unresolvedInstructure Hldgs Inc	—	−999,937	—	exited	−0.15 pp	—
LAWCS Disco, Inc.	—	−356,353	—	exited	−0.11 pp	—
CWANClearwater Analytics Hds-a	—	−650,000	—	exited	−0.11 pp	—
ESMTEngagesmart Inc	—	−400,000	—	exited	−0.09 pp	—
DHDefinitive Healthcare Corp. Class A	—	−200,000	—	exited	−0.06 pp	—
RELYRemitly Global, Inc.	—	−250,000	—	exited	−0.06 pp	—
FRSHFreshworks Inc. Class A	—	−41,435	—	exited	−0.01 pp	—