Investing.com – Whale Rock Capital Management’s flagship hedge fund gained 72.5% in 2026, making the $19 billion tech-focused firm one of the industry’s top performers.
The hedge fund advanced 9.2% in June, according to reporting from Bloomberg, citing a person familiar with the matter. Whale Rock’s long-only fund rose 9.4% last month, propelling those year-to-date returns to 82%.
The firm’s returns were boosted by positions in semiconductor companies Sandisk Corp. and SK Hynix Inc., along with circuit-board manufacturer TTM Technologies Inc., the person said. Sandisk soared more than 850% in the first half of the year, while SK Hynix rose over 300% and TTM was up about 170%.
Whale Rock was also buoyed by a bet on AI firm Anthropic PBC, which achieved a $965 billion valuation in its latest funding round, surpassing rival OpenAI for the first time.
Tech-focused hedge funds are having a strong start to the year, fueled by a rally in AI stocks.
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