Whale Rock Capital

Q4 2023 13F · by Alex Sacerdote, founder

As of: Dec 31, 2023
Filed: Feb 14, 2024
US stock: $5.6B · prev $5.0B
Positions: 38 · 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%

Moves50 since the prior filing

+34.5 pp in · −34.5 pp out

New 10 +21.70 pp
Added 11 +12.83 pp
Trimmed 17 −11.44 pp
Exited 12 −23.08 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 131% a year, about 0.8 years per position

Low
Moderate
High

Top 5 positions31% of US stock

META Meta Platforms, Inc. Class A added+0.88 pp added+0.888.7%
MSFT Microsoft Corp trimmed−0.97 pp trimmed−0.977.8%
AMZN Amazon.Com Inc new+4.96 pp new+4.965.0%
ESTC Elastic N.V. added+2.89 pp added+2.894.9%
DKNG DraftKings Inc. Class A trimmed−0.16 pp trimmed−0.164.8%

Positions38 in this filing · 12 exited


METAMeta Platforms, Inc. Class A	8.68%	1,371,405	$485M	added+7%	+0.88 pp	6 q
MSFTMicrosoft Corp	7.78%	1,157,407	$435M	trimmed−16%	−0.97 pp	12 q
AMZNAmazon.Com Inc	4.96%	1,824,843	$277M	new	+4.96 pp	new
ESTCElastic N.V.	4.88%	2,421,360	$273M	added+99%	+2.89 pp	2 q
DKNGDraftKings Inc. Class A	4.79%	7,598,350	$268M	trimmed−9%	−0.16 pp	3 q
PDDPDD Holdings Inc.	4.50%	1,719,272	$252M	added+3%	+1.19 pp	6 q
NVDANvidia Corp	4.49%	507,004	$251M	trimmed−35%	−2.34 pp	5 q
HUBSHubspot, Inc.	4.35%	419,618	$244M	trimmed−15%	−0.55 pp	11 q
EXPEExpedia Group, Inc.	4.25%	1,568,117	$238M	new	+4.25 pp	new
DUOLDuolingo, Inc. Class A	4.18%	1,029,590	$234M	trimmed−5%	+0.55 pp	4 q
OKTAOkta, Inc. Class A	3.89%	2,405,200	$218M	added×6.7	+3.30 pp	4 q
NUNu Holdings Ltd.	3.69%	24,800,522	$207M	trimmed−1%	+0.02 pp	9 q
AMDAdvanced Micro Devices	3.68%	1,398,413	$206M	new	+3.68 pp	new
MNDYmonday.com Ltd.	3.52%	1,047,147	$197M	new	+3.52 pp	new
MELIMercado Libre, Inc	3.01%	107,137	$168M	added+80%	+1.48 pp	4 q
WDAYWorkday, Inc. Class A	2.92%	592,639	$164M	trimmed−10%	+0.05 pp	8 q
JBLJabil Inc.	2.87%	1,260,832	$161M	added+17%	+0.12 pp	4 q
PANWPalo Alto Networks, Inc.	2.45%	464,942	$137M	trimmed−24%	−0.44 pp	8 q
ZSZscaler, Inc.	2.30%	580,154	$129M	trimmed−3%	+0.42 pp	4 q
CLSCelestica, Inc.	2.19%	4,178,298	$122M	added×3.0	+1.50 pp	2 q
FNFabrinet	2.19%	643,227	$122M	added×2.4	+1.28 pp	2 q
GWREGuidewire Software, Inc.	2.01%	1,030,248	$112M	new	+2.01 pp	new
ONON Semiconductor Corp	1.67%	1,116,685	$93M	trimmed−40%	−1.84 pp	6 q
SMCISuper Micro Computer, Inc.	1.59%	313,775	$89M	trimmed−20%	−0.59 pp	5 q
CYBRCyberark Software LTD/ISRAEL	1.48%	378,027	$83M	trimmed−28%	−0.25 pp	4 q
CDNSCadence Design Systems	1.08%	220,954	$60M	added+4%	+0.08 pp	3 q
DDOGDatadog, Inc. Class A	1.07%	494,641	$60M	trimmed−65%	−1.50 pp	5 q
SHOPShopify Inc. Class A subordinate voting shares	1.01%	725,554	$57M	new	+1.01 pp	new
DOCSDoximity, Inc.	0.76%	1,517,171	$43M	new	+0.76 pp	new
IOTSamsara Inc.	0.71%	1,189,584	$40M	trimmed−59%	−0.76 pp	3 q
NYTNew York Times Co.	0.67%	764,832	$37M	new	+0.67 pp	new
HCPHashiCorp, Inc. Class A	0.49%	1,161,171	$27M	new	+0.49 pp	new
MQMarqeta, Inc. Class A	0.48%	3,847,929	$27M	added+43%	+0.15 pp	2 q
ORCLOracle Corp	0.44%	234,900	$25M	trimmed−83%	−2.51 pp	8 q
MDBMongoDB, Inc. Class A	0.42%	57,476	$23M	trimmed−45%	−0.31 pp	24 q
AAOIApplied Optoelectronics, Inc.	0.35%	1,025,785	$20M	new	+0.35 pp	new
KVYOKlaviyo, Inc.	0.13%	260,896	$7M	added+4%	−0.04 pp	2 q
SPHRSphere Entertainment Co.	0.07%	112,192	$4M	trimmed−75%	−0.26 pp	2 q
SPLKSplunk Inc	—	−1,767,057	—	exited	−5.22 pp	—
GOOGLAlphabet Inc. Class A	—	−1,579,841	—	exited	−4.17 pp	—
FTNTFortinet, Inc.	—	−2,301,531	—	exited	−2.73 pp	—
CRMSalesforce, Inc.	—	−572,086	—	exited	−2.34 pp	—
RMBSRambus Inc	—	−1,885,137	—	exited	−2.12 pp	—
ACLSAxcelis Technologies Inc	—	−517,062	—	exited	−1.70 pp	—
TOSTToast, Inc.	—	−3,683,886	—	exited	−1.39 pp	—
AKAMAkamai Technologies Inc	—	−463,930	—	exited	−1.00 pp	—
CPNGCoupang, Inc.	—	−2,554,134	—	exited	−0.88 pp	—
CAMTCamtek Ltd	—	−679,156	—	exited	−0.85 pp	—
ONTOOnto Innovation Inc.	—	−180,162	—	exited	−0.46 pp	—
NVMINova Ltd.	—	−96,473	—	exited	−0.22 pp	—