Whale Rock Capital Management LLC

Key Holdings

The portfolio is dominated by large-cap technology leaders, with the top five positions accounting for approximately 53.4% of the total value. Notably, Celestica Inc (CLS) has emerged as the largest holding, comprising 12.96% of the portfolio ($737.50M). This is followed closely by AppLovin Corp (APP) at 12.27% ($697.99M) and NVIDIA Corporation (NVDA) at 10.45% ($594.55M). Despite being a top position, AppLovin saw a significant reduction in shares. The "Magnificent Seven" exposure is now selective; Meta Platforms (META) and Broadcom (AVGO) remain top-tier holdings at 9.42% and 8.30% respectively, while positions in Amazon, Microsoft, and Taiwan Semiconductor were completely liquidated. Alphabet (GOOGL) was introduced as a new major position, immediately securing the 6th spot with a 5.00% allocation.

Sector Allocation

The portfolio exhibits a heavy overweight in the Technology sector, which commands $3.76 billion or roughly 66.1% of the total portfolio value. Communication Services is the secondary sector, representing $1.10 billion (19.3%), driven primarily by Meta, Netflix, and Alphabet. A significant portion of the portfolio ($727.56M, or 12.8%) is categorized as "Unknown," which typically includes American Depositary Receipts (ADRs) for foreign stocks such as Sea Ltd, MercadoLibre, and Nu Holdings. The fund has minimal exposure to Healthcare (0.9%), Financial Services (0.5%), and Consumer Cyclical (0.4%), demonstrating a clear preference for the tech-communication ecosystem.