Whale Rock Capital Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Alex Sacerdote's Whale Rock Capital Management reported 42 stock positions worth $7.2 billion. Its top holding was Celestica (CLS) at 10.0% of the portfolio, followed by Nvidia (NVDA, 7.9%) and Meta Platforms Class A (META, 6.4%). Compared with Q1 2025, it opened 16 new positions, sold out of 6, added to 8 and reduced 17. The biggest buy was a new position in Netflix (NFLX) and the biggest sale an exit from Alphabet Class A (GOOGL).
- Most Recent 13F
- Q2 2026
- Notable People
- Alex Sacerdote
- Location
- Boston, MA
- CIK
- 0001387322
- Portfolio Value
- $7.2B (Q2 2025)
- SEC Filing
- 0001172661-25-003481 ↗ filed Aug 14, 2025
Holdings Value
Holdings 42 stocks · $7.2B
| CLS Celestica Inc. | 10.05% | 4,639,115 | $724.2M | Reduce -32.4% |
| NVDA Nvidia Corp. | 7.87% | 3,591,319 | $567.4M | Add +93.2% |
| META Meta Platforms Inc. Class A | 6.37% | 621,984 | $459.1M | Reduce -8.3% |
| AVGO Broadcom Inc. | 6.26% | 1,637,124 | $451.3M | Add +14.0% |
| APP AppLovin Corp. Class A | 5.95% | 1,224,524 | $428.7M | Reduce -33.4% |
| RBLX Roblox Corp. Class A | 5.01% | 3,432,031 | $361.0M | Reduce -18.0% |
| AMZN Amazon.com Inc. | 4.85% | 1,592,989 | $349.5M | Reduce -36.9% |
| NFLX Netflix Inc. | 4.70% | 253,209 | $339.1M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 3.40% | 17,840,345 | $244.8M | Reduce -27.1% |
| DKNG Draftkings Inc. Class A | 3.18% | 5,339,131 | $229.0M | Reduce -12.5% |
| SE Sea Ltd.-ADR | 3.13% | 1,409,496 | $225.4M | New |
| DUOL Duolingo | 2.78% | 488,779 | $200.4M | Reduce -46.1% |
| CVNA Carvana Co. | 2.72% | 582,811 | $196.4M | Reduce -49.4% |
| FN Fabrinet | 2.59% | 634,182 | $186.9M | Reduce -50.8% |
| SMTC Semtech Corp. | 2.50% | 3,991,848 | $180.2M | Add +0.9% |
| MELI MercadoLibre Inc. | 2.27% | 62,562 | $163.5M | Add +34.1% |
| TSM Taiwan Semiconductor-SP ADR | 1.90% | 605,847 | $137.2M | Add +15.5% |
| KVYO Klaviyo Inc. Class A | 1.72% | 3,684,445 | $123.7M | Reduce -14.9% |
| CPNG Coupang Inc. | 1.48% | 3,557,564 | $106.6M | New |
| MNDY Monday.com Ltd. | 1.44% | 329,280 | $103.6M | Add +71.3% |
| TTMI TTM Technologies | 1.37% | 2,423,595 | $98.9M | New |
| GLW Corning Inc. | 1.37% | 1,875,306 | $98.6M | New |
| PI Impinj Inc. | 1.37% | 886,098 | $98.4M | Reduce -28.1% |
| MSFT Microsoft Corp. | 1.35% | 195,680 | $97.3M | Reduce -63.6% |
| COHR Coherent Corp. | 1.25% | 1,008,185 | $89.9M | Add +126.8% |
| AFRM Affirm Holdings Inc. | 1.22% | 1,275,022 | $88.2M | New |
| MDB Mongodb Inc. | 1.22% | 419,563 | $88.1M | Add +1.6% |
| SITM Sitime Corp. | 1.19% | 402,805 | $85.8M | New |
| VRT Vertiv Holdings Co. Class A | 1.17% | 656,977 | $84.4M | Reduce -43.5% |
| HUBS HubSpot Inc. | 1.15% | 149,246 | $83.1M | Reduce -17.7% |
| FROG Jfrog Ltd. | 1.04% | 1,713,706 | $75.2M | New |
| INTU Intuit Inc. | 0.95% | 87,168 | $68.7M | New |
| CIEN Ciena Corp. | 0.94% | 835,848 | $68.0M | New |
| BE Bloom Energy Corp. Class A | 0.67% | 2,030,449 | $48.6M | Reduce -48.7% |
| CHYM Chime Financial Inc. Class A | 0.67% | 1,398,466 | $48.3M | New |
| OKTA Okta Inc. | 0.60% | 434,854 | $43.5M | Reduce -82.9% |
| HPE Hewlett Packard Enterprise | 0.54% | 1,908,017 | $39.0M | No change |
| SLAB Silicon Laboratories Inc. | 0.51% | 248,282 | $36.6M | New |
| ENTG Entegris Inc. | 0.47% | 420,128 | $33.9M | New |
| SMCI Super Micro Computer Inc. | 0.38% | 556,519 | $27.3M | New |
| ALKT Alkami Technology Inc. | 0.28% | 665,945 | $20.1M | New |
| HNGE Hinge Health Inc. Class A | 0.12% | 173,544 | $9.0M | New |
Portfolio Sells Q1 2025 → Q2 2025
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −4.65 |
| OKTA Okta Inc. | Reduce -82.9% | 0.60% | −4.04 |
| AMZN Amazon.com Inc. | Reduce -36.9% | 4.85% | −3.48 |
| APP AppLovin Corp. Class A | Reduce -33.4% | 5.95% | −2.51 |
| MSFT Microsoft Corp. | Reduce -63.6% | 1.35% | −2.15 |
| DUOL Duolingo | Reduce -46.1% | 2.78% | −2.11 |
| FN Fabrinet | Reduce -50.8% | 2.59% | −1.82 |
| CVNA Carvana Co. | Reduce -49.4% | 2.72% | −1.45 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −1.38 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -27.1% | 3.40% | −0.95 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.80 |
| BE Bloom Energy Corp. Class A | Reduce -48.7% | 0.67% | −0.68 |
| HUBS HubSpot Inc. | Reduce -17.7% | 1.15% | −0.65 |
| PI Impinj Inc. | Reduce -28.1% | 1.37% | −0.57 |
| COMP Compass Inc. Class A | Sold out | 0.00% | −0.57 |
| KVYO Klaviyo Inc. Class A | Reduce -14.9% | 1.72% | −0.56 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.50 |
| META Meta Platforms Inc. Class A | Reduce -8.3% | 6.37% | −0.41 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.41 |
| DKNG Draftkings Inc. Class A | Reduce -12.5% | 3.18% | −0.34 |
| VRT Vertiv Holdings Co. Class A | Reduce -43.5% | 1.17% | −0.29 |
| CLS Celestica Inc. | Reduce -32.4% | 10.05% | +0.66 |
| RBLX Roblox Corp. Class A | Reduce -18.0% | 5.01% | +0.78 |
Portfolio Buys Q1 2025 → Q2 2025
| NFLX Netflix Inc. | New | 4.70% | +4.70 |
| NVDA Nvidia Corp. | Add +93.2% | 7.87% | +4.38 |
| SE Sea Ltd.-ADR | New | 3.13% | +3.13 |
| AVGO Broadcom Inc. | Add +14.0% | 6.26% | +2.09 |
| CPNG Coupang Inc. | New | 1.48% | +1.48 |
| TTMI TTM Technologies | New | 1.37% | +1.37 |
| GLW Corning Inc. | New | 1.37% | +1.37 |
| AFRM Affirm Holdings Inc. | New | 1.22% | +1.22 |
| SITM Sitime Corp. | New | 1.19% | +1.19 |
| FROG Jfrog Ltd. | New | 1.04% | +1.04 |
| INTU Intuit Inc. | New | 0.95% | +0.95 |
| CIEN Ciena Corp. | New | 0.94% | +0.94 |
| COHR Coherent Corp. | Add +126.8% | 1.25% | +0.75 |
| MELI MercadoLibre Inc. | Add +34.1% | 2.27% | +0.69 |
| CHYM Chime Financial Inc. Class A | New | 0.67% | +0.67 |
| MNDY Monday.com Ltd. | Add +71.3% | 1.44% | +0.63 |
| SLAB Silicon Laboratories Inc. | New | 0.51% | +0.51 |
| ENTG Entegris Inc. | New | 0.47% | +0.47 |
| TSM Taiwan Semiconductor-SP ADR | Add +15.5% | 1.90% | +0.39 |
| SMCI Super Micro Computer Inc. | New | 0.38% | +0.38 |
| ALKT Alkami Technology Inc. | New | 0.28% | +0.28 |
| SMTC Semtech Corp. | Add +0.9% | 2.50% | +0.14 |
| HNGE Hinge Health Inc. Class A | New | 0.12% | +0.12 |
| MDB Mongodb Inc. | Add +1.6% | 1.22% | −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 |