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Amid Losses, Whale Rock Shuffles Portfolio

The firm headed by Alex Sacerdote is making changes, hoping to reverse a double-digit decline after its spectacular 2020.

Amazon became Whale Rock's largest U.S. long in the first quarter. (David Paul Morris/Bloomberg)
Amazon became Whale Rock's largest U.S. long in the first quarter. (David Paul Morris/Bloomberg)

Whale Rock Capital Management shook up its U.S. long portfolio in the first quarter.The big changes came as firm headed by Alex Sacerdote posted a 14 percent loss for the three-month period.Through April, the flagship fund was still down 12.7 percent, while the Long Opportunities Fund was up 1.2 percent,

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