Whale Rock Capital Management took a new position in Alphabet (GOOG) (GOOGL) and Shopify (SHOP), trimmed its position in Coupang (CPNG), Amazon (AMZN) and Netflix (NFLX), while exiting DraftKings (DKNG) and monday.com (MNDY) among its Q3 moves.
The fund disclosed the information in its latest 13F filing, which was published on Friday.
The Alex Sacerdote-led fund acquired 1.17 million shares in Alphabet and 765,466 shares in Shopify.
According to the filing, the fund more than doubled its position in Bloom Energy (BE) from 2.03 million shares to 4.68 million shares. It increased its position in Roblox (RBLX) from 3.43 million shares to 3.72 million shares, in Ciena (CIEN) from 0.83 million shares to 1.34 million shares. It also added positions in Corning (GLW) from 1.87 million shares to 2.62 million shares and Impinj (PI) from 0.89 million shares to 1.22 million shares.
On the other hand, the fund significantly reduced its position in Coupang (CPNG) from 3.55 million shares to 0.77 million shares and Nu Holdings (NU) from 17.84 million shares to 12.42 million shares.
Additionally, it trimmed its holdings in Amazon (AMZN) from 1.59 million shares to 1.44 million shares, in Netflix (NFLX) from 253,209 shares to 230,719, in Coherent (COHR) from 1 million shares to 0.46 million shares, and in Klaviyo (KVYO) from 3.68 million shares to 3.06 million shares.
The fund exited its position in DraftKings (DKNG), monday.com (MNDY), Intuit (INTU), Affirm Holdings (AFRM), Silicon Laboratories (SLAB), Alkami Technology (ALKT) and Entegris (ENTG).