Whale Rock Capital

Q4 2022 13F · by Alex Sacerdote, founder

As of: Dec 31, 2022
Filed: Feb 14, 2023
US stock: $3.0B · prev $3.6B
Positions: 39 · prev 40
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%

Moves53 since the prior filing

+42.2 pp in · −42.2 pp out

New 13 +19.01 pp
Added 13 +23.22 pp
Trimmed 13 −16.18 pp
Exited 14 −26.01 pp

The book

Focused · behaves like 21 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 126% a year, about 0.8 years per position

Low
Moderate
High

Top 5 positions38% of US stock

NFLX NetFlix Inc added+3.45 pp added+3.458.9%
WDAY Workday, Inc. Class A added+4.47 pp added+4.478.6%
SPLK Splunk Inc added+2.34 pp added+2.347.3%
ORCL Oracle Corp added+2.87 pp added+2.876.7%
INTU Intuit Inc trimmed+0.79 pp trimmed+0.796.0%

Positions39 in this filing · 14 exited


NFLXNetFlix Inc	8.92%	899,506	$265M	added+9%	+3.45 pp	2 q
WDAYWorkday, Inc. Class A	8.55%	1,519,464	$254M	added+59%	+4.47 pp	4 q
SPLKSplunk Inc	7.31%	2,524,488	$217M	added+7%	+2.34 pp	4 q
ORCLOracle Corp	6.73%	2,451,031	$200M	added+9%	+2.87 pp	4 q
INTUIntuit Inc	6.01%	459,037	$179M	trimmed−4%	+0.79 pp	4 q
HUBSHubspot, Inc.	5.85%	601,588	$174M	added+54%	+2.88 pp	7 q
TMUST-Mobile US, Inc.	4.39%	932,111	$130M	added+37%	+1.82 pp	3 q
JNPJuniper Networks Inc	4.22%	3,930,116	$126M	trimmed−12%	+0.94 pp	4 q
VVISA Inc.	3.92%	561,473	$117M	new	+3.92 pp	new
PEverpure, Inc.	3.78%	4,199,096	$112M	trimmed−28%	−0.72 pp	4 q
NVDANvidia Corp	3.75%	764,119	$112M	new	+3.75 pp	new
ONON Semiconductor Corp	3.69%	1,759,488	$110M	trimmed−35%	−1.06 pp	2 q
NUNu Holdings Ltd.	2.84%	20,756,496	$84M	trimmed−14%	−0.15 pp	5 q
PANWPalo Alto Networks, Inc.	2.36%	502,981	$70M	added+1%	+0.07 pp	4 q
ANETArista Networks	2.33%	570,578	$69M	added×2.2	+1.52 pp	2 q
METAMeta Platforms, Inc. Class A	1.98%	488,324	$59M	trimmed−62%	−2.94 pp	2 q
NOWServicenow, Inc.	1.95%	149,139	$58M	new	+1.95 pp	new
PDDPDD Holdings Inc.	1.81%	661,858	$54M	added+27%	+0.90 pp	2 q
GOOGLAlphabet Inc. Class A	1.78%	600,296	$53M	added+60%	+0.77 pp	8 q
LRCXLam Research Corp	1.71%	120,689	$51M	new	+1.71 pp	new
TOSTToast, Inc.	1.69%	2,796,035	$50M	added×2.6	+1.19 pp	6 q
MDBMongoDB, Inc. Class A	1.54%	232,879	$46M	trimmed−34%	−0.43 pp	20 q
SMCISuper Micro Computer, Inc.	1.54%	558,640	$46M	new	+1.54 pp	new
FNFabrinet	1.53%	355,218	$46M	new	+1.53 pp	new
MSFTMicrosoft Corp	1.38%	170,944	$41M	trimmed−82%	−4.94 pp	8 q
MNDYmonday.com Ltd.	1.27%	308,475	$38M	added×2.8	+0.92 pp	2 q
TEAMAtlassian Corporation Class A	1.09%	252,541	$32M	new	+1.09 pp	new
AMDAdvanced Micro Devices	1.07%	493,193	$32M	new	+1.07 pp	new
DDOGDatadog, Inc. Class A	0.96%	389,972	$29M	new	+0.96 pp	new
XYZBlock, Inc.	0.82%	389,188	$24M	trimmed−76%	−1.67 pp	2 q
MPWRMonolithic Power Systems, Inc.	0.63%	52,917	$19M	trimmed−90%	−4.65 pp	4 q
FTNTFortinet, Inc.	0.61%	369,917	$18M	new	+0.61 pp	new
HCPHashiCorp, Inc. Class A	0.42%	454,475	$12M	added+3%	+0.02 pp	5 q
FROGJFrog Ltd.	0.40%	556,019	$12M	new	+0.40 pp	new
ESTCElastic N.V.	0.35%	199,979	$10M	new	+0.35 pp	new
unresolvedPagaya Technologies Ltd	0.32%	7,570,572	$9M	trimmed−32%	−0.24 pp	3 q
CRWDCrowdStrike Holdings, Inc. Class A	0.26%	72,329	$8M	trimmed−69%	−0.80 pp	15 q
AYXAlteryx, Inc.	0.14%	84,851	$4M	trimmed−71%	−0.31 pp	2 q
QQQInvesco QQQ Trust, Series 1	0.13%	14,749	$4M	new	+0.13 pp	new
AMZNAmazon.Com Inc	—	−2,304,454	—	exited	−7.32 pp	—
ZSZscaler, Inc.	—	−657,235	—	exited	−3.04 pp	—
CRMSalesforce, Inc.	—	−519,388	—	exited	−2.10 pp	—
BEKEKE Holdings Inc.	—	−3,943,283	—	exited	−1.94 pp	—
FIVNFIVE9, Inc.	—	−888,507	—	exited	−1.87 pp	—
AVGOBroadcom Inc.	—	−136,227	—	exited	−1.70 pp	—
CHKPCheck Point Software Technologies Ltd	—	−517,993	—	exited	−1.63 pp	—
PINSPinterest, Inc. Class A	—	−2,362,354	—	exited	−1.55 pp	—
BILLBILL Holdings, Inc.	—	−413,740	—	exited	−1.54 pp	—
MRVLMarvell Technology, Inc.	—	−1,043,785	—	exited	−1.26 pp	—
GTLBGitLab Inc. Class A	—	−585,764	—	exited	−0.84 pp	—
SMARSmartsheet Inc.	—	−502,384	—	exited	−0.49 pp	—
BZKANZHUN LIMITED American Depository Shares	—	−996,147	—	exited	−0.47 pp	—
PCORProcore Technologies, Inc.	—	−190,435	—	exited	−0.26 pp	—