Meritech Capital Associates V L.L.C is an investment fund managing more than $4.68 billion ran by Joel Backman. There are currently 4 companies in Mr. Backman’s portfolio. The largest investments include Roblox and Datadog Inc, together worth $4.1 billion.
As of 8th August 2022, Meritech Capital Associates V L.L.C’s top holding is 36,639,427 shares of Roblox currently worth over $3.3 billion and making up 70.5% of the portfolio value.
Relative to the number of outstanding shares of Roblox, Meritech Capital Associates V L.L.C owns less than approximately 0.1% of the company.
In addition, the fund holds 7,733,069 shares of Datadog Inc worth $805 million, whose value fell 31.5% in the past six months.
The third-largest holding is 10x Genomics worth $351 million and the next is Okta Inc worth $224 million, with 914,127 shares owned.
Currently, Meritech Capital Associates V L.L.C's portfolio is worth at least $4.68 billion. 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.
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.
In the most recent 13F filing, Meritech Capital Associates V L.L.C revealed that it had opened a new position in
Roblox and bought 36,639,427 shares worth $3.3 billion.
On the other hand, Joel Backman disclosed a decreased stake in Datadog Inc by approximately 0.1%.
This leaves the value of the investment at $805 million and 7,733,069 shares.
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.
Meritech Capital Associates V L.L.C’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Communication Services — making up 70.5% of
the total portfolio value.
The fund focuses on investments in the United States as
100.0% 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
75% 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 $21.7 billion.
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 |
Opened
36,639,427
|
$3,296,816,000 | 70.50% |
| Datadog Inc |
7.72%
7,733,069
|
$804,858,000 | 17.21% |
| 10x Genomics, Inc. |
30.50%
1,793,871
|
$351,276,000 | 7.51% |
| Okta Inc |
Opened
914,127
|
$223,669,000 | 4.78% |
| No transactions found | |||
| Showing first 500 out of 4 holdings | |||