The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Subscribe to The Crossover today! Altimeter Capital Management General Information. Altimeter said annual free cash flow can be doubled to $40 billion if it cut headcount by at least 20%, trimmed capital expenditure by at least $5 billion to $25 billion a year and capped annual . Tweets & replies. The third-largest holding is Meta Platforms Inc worth $396 million and the next is Confluent Inc worth $336 million, with 14,456,310 shares owned. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Silicon Valley The number of deals was slightly lower than the 52 announcements reported in the same period last year, but it remained well above the second-quarter volume seen in 2020, 2019 and 2018, according to 451 Research. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Venture firms netted handsome returns on paper for their early investments. Investors react to every move they make. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Required fields not completed correctly. Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and 71.4% of the portfolio companies Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities A Look at the Best Performing Hedge Fund Managers In 2021 Altimeter takes a deep fundamental approach to security analysis. ExodusPoint Capital Management LP Sells 38,873 Shares of Toast, Inc Altimeter Capital employs 13 employees. All rights reserved. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Back in 2013, Bloomberg ran a profile of Brad Gerstner's Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. Map , Boston On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. SEC form, multiple filers or classes of filers, and much more.***. Create your Watchlist to save your favorite quotes on Nasdaq.com. Brad Gerstner - Wife, Bio, Portfolio & Altimeter - Biography Written by The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. How do I update this listing? 2015-2023 Fintel Ventures LLC. Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. A new Altimeter Capital is the famous VC, which was founded in 2008. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. "If you owned growth stocks this year - like we did at Altimeter - you got your face ripped off," Altimeter Capital's CEO Gerstner said in a Twitter post Thursday. Quickly find out what the most recently closed or increased positions are. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. All rights reserved. [1]: altimeter capital returns Hedge Fund and Insider Trading News: Altimeter Capital, Third Point LLC, Bridgewater Associates, Schonfeld Strategic Advisors, Brevan Howard Asset Management, Nordic Cross Asset Management, Lockheed Martin Corporation (LMT), DICE Therapeutics, Inc. (DICE), and More, Hedge Fund and Insider Trading News: Brad Gerstner, Dmitry Balyasny, Steve Cohen, Regal Funds Management, Fullerton Fund Management, FC Capital, Herbalife Nutrition Ltd (HLF), and More, Brad Gerstner is Talking About These 10 Stocks, Top Tech Stocks to Buy Today According to Brad Gerstner's Altimeter Capital Management, Hedge Fund and Insider Trading News: Citadel LLC, Argonaut Capital, Odey Asset Management, Altimeter Capital, Tiger Global Management, RingCentral Inc (RNG), Liveramp Holdings Inc (RAMP), and More, United Continental Holdings Inc (UAL), Centurylink Inc (CTL), More: 8 Huge Ideas We Saw At The Sohn Conference, Tableau Software Inc (DATA): Hedge Funder Brad Gerstner Is Betting Big, 140 Biggest and Most Famous Activist Hedge Funds. I was intrigued by this idea of public market investors also doing private market investing. https://www.linkedin.com/company/altimeter-capital Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the services sector. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Conforti joined Altimeter, which is led by Brad Gerstner, in 2021 to invest in technology companies as they cross over from private to public markets. Altimeter is a leading technology-focused investment firm built by founders for founders. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Altimeter Capital Management is based out of Boston. All text and design is copyright 2020 WhaleWisdom.com. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Thanks for the read! Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Cedar Rock is based out of London, United Kingdom. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. for Q4 2022: commodity pool operator or commodity trading advisor, Percentage of assets under management,Performance-based fees, CHIEF COMPLIANCE OFFICER/DIRECTOR OF FINANCE, CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER, ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER LLC, MANAGING MEMBER ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER, LLC. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. The fund focuses on investments in the United States as email address below and choose 'Submit'. Altimeter Capital Management LLC. The companies may have limited operating histories, little available public information. Akres portfolio has a Sharpe ratio of 8.06 with 57.9% of the portfolio invested in the financial sector and 25.1% invested in the technology sector. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. [2] The firm focuses on technology investments in both public and private markets globally. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. To calculate this, Question:Was there one take that you felt that Brad made that was particularly interesting? Altimeter Capital Management is a hedge fund with 17 clients and discretionary assets under management (AUM) of $17,950,309,162 (Form ADV from 2022-05-27). Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. About Altimeter Capital Altimeter is a global investment firm managing both public and private funds focused on the airline, travel, technology, internet, software, and consumer sectors. Thank you and soon you will hear from one of our Attorneys. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Chuck manages $16.2 billion worth of assets and his portfolio has given average returns of 46.4% over a period of three years, on an annualized basis. Is a crash imminent? Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . Returns from the best ideas are usually diluted by a long tail of lower quality ideas. If you require advice in relation to any financial matter you should consult an appropriate professional. At 12/31/2022: $3,652,571. and a top 10 holdings concentration of 99.95%. Tweets. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . altimeter capital returns Type a symbol or company name. The Sohn Investment Conference, one of the biggest hedge fund gatherings of the year, took place yesterday in New York, with Bill Ackman, David Einhorn, Keith Meister, and Larry Robbins among the hedge Brad Gerstner's Altimeter Capital disclosed a 5.1% stake inTableau Software Inc (NYSE:DATA). Hedge Fund - Altimeter Capital Management - Insider Monkey Heatmaps of the top 13f holdings and a list of the largest trades made by Altimeter Capital Management, the hedge fund managed by Brad Gerstner. David Einhorn's: Greenlight Capital. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. The fund was located in North America if to be more exact in United States. Judging by the hedge funds portfolio, it seems to be the technology sector, with an approximately 66% investment in this sector, followed by the financial sector. $499/Year. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities and a top 10 holdings concentration of 99.95%. Founder - Altimeter Capital. Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million Question:If you think you will be on a word crunch, why are you using words to explain how you are feeling instead of just jumping right in? Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions. Altimeter Capital has made 91 investments. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Compare against similar firms. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. There are currently 14 companies in Mrs. Daviss portfolio. Boston, MA 02110 public funds and serves as an expert long-term partner to companies as they enter the public markets. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Suite 2310 Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Back in 2013, Bloomberg ran a profile of Brad Gerstners Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. Seeking profits from 13D & 13G filings? Data is a real-time snapshot *Data is delayed at least 15 minutes. ALTIMETER CAPITAL MANAGEMENT, LP SC 13G/A Filing Concerning SNOW on Louis Bacon's: Moore Capital Management. Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say, David Einhorn on his winning short 'bubble basket' strategy that he's continuing, Stock pickers continue to shine after a better year and here are their favorite names in 2023. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. Answer:Overwhelmed, but not why you might think. Read full disclaimer >. TipRanks->. Tech-focused investors like Brad Gerstner and Tiger Global are getting crushed as growth stocks became the epicenter of the market carnage in the face of rising rates. A Division of NBCUniversal. Right? "On . Altimeter Capital has had 22 exits. ALTIMETER CAPITAL MANAGEMENT, LP Total Shares: 25,784,379 Subject Company: Snowflake, Inc. - View Complete Ownership History Backtest Filed as of Date: 06/21/2021: Event Date: 06/10/2021: Overall % Ownership: 8.72: Theoretical performance if you bought this security on the day the filing was released. All rights reserved. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Altimeter | LinkedIn Alt Turnover is calculated by taking either the total MV of new purchases or Brad specifically shared that At any given moment in time in the public markets, we might have 75% of our portfolio in our top 4 or 5 ideas. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Personally, this means less time traveling and going to dinners but more time in nature and with his family. Welcome to Sure Dividend - Sure Dividend Altimeter Capital Management Portfolio | Brad Gerstner 13F Holdings , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. Care to explain? One International Place Suite 2400. It was a blast. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. altimeter capital returnsstriped bark scorpion altimeter capital returns. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. We focus only on the top 10 holdings. Altimeter Capital Management is an investment firm that operates within the technology sector. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs While the merger is supposed to generate 1.5 billion Euros along with investments and cost synergies for Eutelsat, many worry about the short-term cash burn and the contrasting relationships with Russia between the two companies. Altimeter Growth Corp. 2, the second blank check company formed by Altimeter Capital targeting the tech sector, raised $400 million by offering 40 million shares at $10. Bill Ackman's: Pershing Square Capital Management. Performance Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Altimeter hit anabsolute grand slamwhen they ledSnowflakes2016$76M Series C@onlya$260M post-money valuationand continued to invest in the cloud warehouse storage companys Series D, E, and F. After Snowflake 2xd on the initial IPO, Altimeter at one point saw their stake valued in $SNOW alone grow to over$8B. With SNOW currently trading at $242, that stake is now worth $8.8 billion. The first one on this list is John Kim, hedge fund manager for Night Owl Capital Management and ranked #1 out of 198 hedge funds on TipRanks. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Brad Gerstner, Chair and CEO of Altimeter Capital Management LLC, penned an open letter to Meta Platforms (NASDAQ:META).Altimeter owns more than 2 million shares of Meta Platforms and has been a long-time investor. Luck befalls the curious mind. ISRO (Indian Space Research Organisation) has provided the small satellite bus platform to which French national space agency CNES payload composed of ARGOS-3 and Altika instruments (altimeter, radiometer, DORIS, LRA) are integrated. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. Altimeter. An additional office of the firm is in Menlo Park, CA. To the extent any of the information contained in the Blog may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. 706 Following. Altimeter Capital Management Investor Profile: Portfolio & Exits What jumps out to you the most about Altimeters journey? Investor Performance. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. Altimeter Capital Management's Top Picks Include Online Travel and Airline Stocks, Have a Look at Two Ongoing Proxy Fights and One Freshly-Completed Activist Campaign, United Continental Holdings Inc. (UAL): Altimeter Capital Management Reaches Agreement with Company, United Continental Holdings, Inc. (UAL): PAR Capital, Altimeter Capital Express Governance Concerns, Put Forth Minority Board Slate, The Latest Activist Moves Made by Jeffrey Smith, Paul Singer, More, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. In this article, we reviewed Brad Gerstner's biography and investment track record. Kims portfolio has gained a whopping 569.2% since 2013. Trading in such securities can result in immediate and substantial losses of the capital invested. The Altimeter Capital management team includes Brad Gerstner (Founder & CEO), John Kiernan (Chief Financial Officer and Chief Compliance Officer), and Hab Siam (General Counsel and Chief Compliance Officer) . The largest investments include Snowflake and Microsoft, together worth $2.82 billion. Altimeter Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, raised $450 million by offering 45 million units at $10. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. You are limited to the prior 8 quarters of 13F filings. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Hedge Funds fall under the category of alternative investments. Headquarters Location. Altimeter Capital Management is based out of Boston. The fund has exact preference in some . View the latest funds and 13F holdings. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. AGC is a SPAC which is a blank-check company. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Answer:So Altimeter Capital is incredibly bullish onMeta (Facebook) even though the company is an early investor inBytedance(5 years ago), the parent company ofTikTok. ? Meta Platforms Inc makes up Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. For media inquiries, please contact press@altimeter.com. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Altimeter Capital Management LP holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Altimeter Capital Management LP 13F filings. Watch for disclosures from these smart money hedge funds. Altimeter SPAC goes public | PE Hub Gaurav Kapadia is off to an impressive start. A Recession Is Already Here, Hedge Fund Manager Says In contrast, the S&P 500 stock index has gained 290.9%. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. refer to our Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Altimeter Capital Chairman and CEO Brad Gerstner said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. WhaleWisdom gives Altimeter Capital a WhaleScore of 99 meaning Gerstners fund ranks near the pinnacle of 13F performance among all hedge funds long portfolio performance. Media. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Copyright 2023 Altimeter Capital. Menlo Park, CA 94025 2. Fast forward seven years, and Gerstner has pretty much achieved his goal. Thats nearly 2.2x the annual return of the S&P 500 over that period. The Boston-based firm held more than 36 million shares in the cloud data company for a stake worth around $8.3 billion at current prices. You can expect to hear more about Brad and some of his investments soon in The Crossover! Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Brad Gerstner. Trian Fund Management was founded in 2005 and is a highly engaged shareowner that combines concentrated public equity ownership with operational expertise, according to the company's website. "Some of these companies we buy have lower valuations and lower share prices than they did in March 2009," said James Rasteh, CIO of Coast. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. Designed for 5 yrs, ISRO-launched satellite completes decade and Altimeter Capital's second 'blank check' IPO raises $400 million Later in 2013, Brad looked to continue to capitalize off his success and launched . Join the more than 1.5 million industry professionals who get our daily newsletter! Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Historical performance of Altimeter Capital Management, showing the return on investment of the portfolio managed by Brad Gerstner and comparing it to other hedge funds. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Unlike an ordinary SPAC . The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Download 13F Summary Altimeter is a leading technology-focused investment firm built by founders for founders. The two most similar investment funds to Altimeter Capital Management, L.P. are Deprince Race & Zollo Inc and New Mountain Vantage Advisers, L.L.C. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Altimeter Capital Management LP | AUM 13F Copy and paste multiple symbols separated by spaces. Equal-WTWhaleScore 2.0 [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. Everyone thought he was crazy.. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. The IRR is equivalent to the Compound Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Win whats next. While the firms mostly won't be able to sell their shares until lockup periods expire . HONG KONG (AP) Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. We want to hear from you. Altimeter LLC. [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. Altimeter Capital Portfolio Investments, Altimeter Capital Funds Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. us for more details. The total portfolio value may be much higher due to cash Want to get these in your inbox to never miss an edition? This will schedule a job to export all requested 13f holdings data for this filer.