Meritech Capital Associates V L.L.C 13F annual report

Meritech Capital Associates V L.L.C is an investment fund managing more than $646 million ran by Joel Backman. There are currently 7 companies in Mr. Backman’s portfolio. The largest investments include Roblox and Braze, Inc., together worth $455 million.

$646 million Assets Under Management (AUM)

As of 8th August 2022, Meritech Capital Associates V L.L.C’s top holding is 10,776,303 shares of Roblox currently worth over $354 million and making up 54.8% of the portfolio value. Relative to the number of outstanding shares of Roblox, Meritech Capital Associates V L.L.C owns more than approximately 0.1% of the company. In addition, the fund holds 2,792,330 shares of Braze, Inc. worth $101 million. The third-largest holding is Datadog Inc worth $89.4 million and the next is 10x Genomics worth $48 million, with 1,061,682 shares owned.

Currently, Meritech Capital Associates V L.L.C's portfolio is worth at least $646 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Meritech Capital Associates V L.L.C

The Meritech Capital Associates V L.L.C office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, Joel Backman serves as the Attorney in Fact at Meritech Capital Associates V L.L.C.

Recent trades

In the most recent 13F filing, Meritech Capital Associates V L.L.C revealed that it had opened a new position in Braze, Inc. and bought 2,792,330 shares worth $101 million.

On the other hand, Joel Backman disclosed a decreased stake in Roblox by 0.7%. This leaves the value of the investment at $354 million and 10,776,303 shares.

One of the average hedge funds

The two most similar investment funds to Meritech Capital Associates V L.L.C are Chescapmanager and Invst. They manage $646 million and $646 million respectively.

Joel Backman investment strategy

Meritech Capital Associates V L.L.C’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Communication Services — making up 57.0% of the total portfolio value. The fund focuses on investments in the United States as 71.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 43% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $17.6 billion.

The complete list of Meritech Capital Associates V L.L.C trades based on 13F SEC filings

These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Roblox Corporation	70.59% 10,776,303	$354,109,000	54.79%
Braze, Inc.	Opened 2,792,330	$101,166,000	15.65%
Datadog Inc	87.86% 938,437	$89,377,000	13.83%
10x Genomics, Inc.	40.82% 1,061,682	$48,041,000	7.43%
Amplitude, Inc	Opened 1,737,503	$24,829,000	3.84%
Okta Inc	82.32% 161,624	$14,611,000	2.26%
Nextdoor Holdings, Inc.	Opened 4,282,911	$14,176,000	2.19%
No transactions found
Showing first 500 out of 7 holdings