Whale Rock’s Turnaround Plan

Alex Sacerdote’s tech-driven fund hopes that major third-quarter moves will reverse this year’s huge losses.

Illustration by II

Illustration by II

Whale Rock Capital Management shook up its top holdings in a big way in the third quarter. But so far, it hasn’t helped much.

In what is shaping up to be a nightmare year, the tech-driven long-short fund headed by Alex Sacerdote dropped another point or two in October — even as the overall stock market surged — and is now down in the low 40 percent range, according to an investor in the fund.

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