Whale Rock Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Alex Sacerdote's Whale Rock Capital Management reported 32 stock positions worth $5.8 billion. Its top holding was Celestica (CLS) at 9.4% of the portfolio, followed by AppLovin Class A (APP, 8.5%) and Amazon.com (AMZN, 8.3%). Compared with Q4 2024, it opened 5 new positions, sold out of 11, added to 12 and reduced 14. The biggest buy was Okta (OKTA, shares +213%) and the biggest sale an exit from Salesforce (CRM).
- Most Recent 13F
- Q2 2026
- Notable People
- Alex Sacerdote
- Location
- Boston, MA
- CIK
- 0001387322
- Portfolio Value
- $5.8B (Q1 2025)
- SEC Filing
- 0001172661-25-002342 ↗ filed May 15, 2025
Holdings Value
Holdings 32 stocks · $5.8B
| CLS Celestica Inc. | 9.39% | 6,866,214 | $541.1M | Add +15.6% |
| APP AppLovin Corp. Class A | 8.46% | 1,839,128 | $487.3M | Add +2.4% |
| AMZN Amazon.com Inc. | 8.33% | 2,523,296 | $480.1M | Reduce -27.8% |
| META Meta Platforms Inc. Class A | 6.78% | 678,058 | $390.8M | Reduce -17.1% |
| DUOL Duolingo | 4.89% | 907,049 | $281.7M | Reduce -23.1% |
| GOOGL Alphabet Inc. Class A | 4.65% | 1,733,266 | $268.0M | Add +21.1% |
| OKTA Okta Inc. | 4.64% | 2,543,104 | $267.6M | Add +212.5% |
| FN Fabrinet | 4.41% | 1,288,145 | $254.4M | Add +53.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 4.35% | 24,461,170 | $250.5M | Add +10.8% |
| RBLX Roblox Corp. Class A | 4.23% | 4,185,392 | $244.0M | Reduce -12.0% |
| CVNA Carvana Co. | 4.17% | 1,150,650 | $240.6M | Reduce -5.3% |
| AVGO Broadcom Inc. | 4.17% | 1,435,925 | $240.4M | Reduce -44.0% |
| DKNG Draftkings Inc. Class A | 3.52% | 6,101,961 | $202.6M | Add +22.7% |
| MSFT Microsoft Corp. | 3.50% | 537,431 | $201.7M | Add +2067.5% |
| NVDA Nvidia Corp. | 3.50% | 1,858,861 | $201.5M | Reduce -37.8% |
| SMTC Semtech Corp. | 2.36% | 3,954,112 | $136.0M | Add +21.1% |
| KVYO Klaviyo Inc. Class A | 2.27% | 4,329,749 | $131.0M | Add +11.9% |
| PI Impinj Inc. | 1.94% | 1,231,916 | $111.7M | New |
| HUBS HubSpot Inc. | 1.80% | 181,328 | $103.6M | No change |
| MELI MercadoLibre Inc. | 1.58% | 46,637 | $91.0M | Reduce -47.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.51% | 524,453 | $87.1M | Add +109.9% |
| VRT Vertiv Holdings Co. Class A | 1.46% | 1,163,606 | $84.0M | Reduce -2.5% |
| WIX Wix.com Ltd. | 1.38% | 487,032 | $79.6M | Reduce -54.5% |
| BE Bloom Energy Corp. Class A | 1.35% | 3,954,534 | $77.7M | New |
| MDB Mongodb Inc. | 1.26% | 412,974 | $72.4M | New |
| MNDY Monday.com Ltd. | 0.81% | 192,204 | $46.7M | Reduce -51.3% |
| TOST Toast Inc. Class A | 0.80% | 1,398,509 | $46.4M | Reduce -80.8% |
| COMP Compass Inc. Class A | 0.57% | 3,757,979 | $32.8M | New |
| HPE Hewlett Packard Enterprise | 0.51% | 1,908,017 | $29.4M | Add +0.1% |
| MPWR Monolithic Power Systems Inc. | 0.50% | 50,150 | $29.1M | New |
| COHR Coherent Corp. | 0.50% | 444,433 | $28.9M | Reduce -79.0% |
| PDD PDD Holdings Inc. | 0.41% | 199,016 | $23.6M | Reduce -85.5% |
Portfolio Sells Q4 2024 → Q1 2025
| CRM Salesforce Inc. | Sold out | 0.00% | −3.27 |
| AVGO Broadcom Inc. | Reduce -44.0% | 4.17% | −2.87 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −2.42 |
| TOST Toast Inc. Class A | Reduce -80.8% | 0.80% | −2.33 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −2.03 |
| COHR Coherent Corp. | Reduce -79.0% | 0.50% | −1.88 |
| CPNG Coupang Inc. | Sold out | 0.00% | −1.82 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −1.79 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.72 |
| WIX Wix.com Ltd. | Reduce -54.5% | 1.38% | −1.34 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −1.32 |
| NVDA Nvidia Corp. | Reduce -37.8% | 3.50% | −1.26 |
| PDD PDD Holdings Inc. | Reduce -85.5% | 0.41% | −1.17 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.98 |
| ALKT Alkami Technology Inc. | Sold out | 0.00% | −0.93 |
| AMZN Amazon.com Inc. | Reduce -27.8% | 8.33% | −0.75 |
| CRTO Criteo SA-Spon | Sold out | 0.00% | −0.65 |
| MNDY Monday.com Ltd. | Reduce -51.3% | 0.81% | −0.29 |
| MELI MercadoLibre Inc. | Reduce -47.9% | 1.58% | −0.23 |
| VRT Vertiv Holdings Co. Class A | Reduce -2.5% | 1.46% | −0.15 |
| TTAN Servicetitan Inc. Class A | Sold out | 0.00% | −0.05 |
| DUOL Duolingo | Reduce -23.1% | 4.89% | +0.35 |
| RBLX Roblox Corp. Class A | Reduce -12.0% | 4.23% | +0.97 |
| META Meta Platforms Inc. Class A | Reduce -17.1% | 6.78% | +1.11 |
| CVNA Carvana Co. | Reduce -5.3% | 4.17% | +1.25 |
Portfolio Buys Q4 2024 → Q1 2025
| OKTA Okta Inc. | Add +212.5% | 4.64% | +3.88 |
| MSFT Microsoft Corp. | Add +2067.5% | 3.50% | +3.38 |
| CLS Celestica Inc. | Add +15.6% | 9.39% | +2.89 |
| FN Fabrinet | Add +53.4% | 4.41% | +2.23 |
| PI Impinj Inc. | New | 1.94% | +1.94 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +10.8% | 4.35% | +1.64 |
| APP AppLovin Corp. Class A | Add +2.4% | 8.46% | +1.56 |
| GOOGL Alphabet Inc. Class A | Add +21.1% | 4.65% | +1.44 |
| BE Bloom Energy Corp. Class A | New | 1.35% | +1.35 |
| DKNG Draftkings Inc. Class A | Add +22.7% | 3.52% | +1.32 |
| MDB Mongodb Inc. | New | 1.26% | +1.26 |
| TSM Taiwan Semiconductor-SP ADR | Add +109.9% | 1.51% | +0.93 |
| COMP Compass Inc. Class A | New | 0.57% | +0.57 |
| MPWR Monolithic Power Systems Inc. | New | 0.50% | +0.50 |
| KVYO Klaviyo Inc. Class A | Add +11.9% | 2.27% | +0.38 |
| HPE Hewlett Packard Enterprise | Add +0.1% | 0.51% | +0.03 |
| SMTC Semtech Corp. | Add +21.1% | 2.36% | −0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 35 | $12.5B | SNDK, AMD, GOOGL, TTMI, ALAB |
| Q1 2026 | 35 | $7.7B | GOOGL, SNDK, CLS, AMZN, TTMI |
| Q4 2025 | 32 | $7.8B | GOOGL, CLS, APP, CVNA, AMZN |
| Q3 2025 | 36 | $8.5B | CLS, APP, NVDA, META, RBLX |
| Q2 2025 | 42 | $7.2B | CLS, NVDA, META, AVGO, APP |
| Q1 2025 | 32 | $5.8B | CLS, APP, AMZN, META, DUOL |
| Q4 2024 | 38 | $8.4B | AMZN, AVGO, APP, CLS, META |
| Q3 2024 | 36 | $7.1B | AMZN, CLS, META, NVDA, GOOGL |
| Q2 2024 | 39 | $7.1B | NVDA, GOOGL, MSFT, AMZN, CLS |
| Q1 2024 | 33 | $6.7B | NVDA, AMZN, META, MSFT, NU |