At 09/30/2022: $4,676,285. For media inquiries, please contact press@altimeter.com. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Fast forward seven years, and Gerstner has pretty much achieved his goal. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. View the latest funds and 13F holdings. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. to see more advanced email alert options such as selecting any type of This leaves the value of the investment at $2.36 billion and 17,001,796 shares. It doesn't run an office outside of the United States. Thats nearly 2.2x the annual return of the S&P 500 over that period. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 to $30B in annual capex in 2022. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. [1]: [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Hedge Fund The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Type a symbol or company name. Tan Hooi Ling is a co-founder of Grab and the current COO. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. or to simply have an email sent to you whenever we receive a new He founded a technology-focused investment firm called Altimeter Capital in 2008. Everyone thought he was crazy.. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Type a symbol or company name. Map , Boston Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . In contrast, the S&P 500 stock index has gained 290.9%. 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. Answer:Easily the origins of the fund. Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates. Buying high. Sign up for free newsletters and get more CNBC delivered to your inbox. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. This means they effectively own approximately 0.1% of the company. All rights reserved. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. 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. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. . The leading representative office of defined VC is situated in the Menlo Park. Subscribe to WhaleWisdom to view all filing data for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. Altimeter Capital has had 22 exits. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. containing a link to download the .zip file of the CSV file(s) you requested. $4.33 billion and $4.33 billion respectively. S&P 500WhaleScore Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. It is important here to also look at the Sharpe ratio, which stands at 8.96. Views here personal. Altimeter Capital Management is based out of Boston. A look at the hedge funds managers portfolio activity indicates that Microsoft (MSFT) makes up 9.3% of the portfolio, followed by Amazon (AMZN) and Aon (AON) at 8.8% and 8.5%, respectively. Data is a real-time snapshot *Data is delayed at least 15 minutes. This means they effectively own approximately 0.1% of the company. Phone Number (617) 310-6180. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. 71.4% of the portfolio companies 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. returns for each quarter. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Altimeter CapitalAltimeter CapitalAltimeter Capital [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. 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. Return to search. The best time to launch a fund is after a serious market correction & when there is serious uncertainty in the air even though it will likely be and feel the hardest time to do so. and a top 10 holdings concentration of 99.95%. 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. Ideal for intelligent investors with $50,000+ portfolios. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. AGC is a SPAC which is a blank-check company. Chase Coleman's: Tiger Global 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. With other successes in the private markets like Hubspot, Confluent, Twilio, Expedia, Uber, as well as 13F returns that grew30%annually from 2011-2020, Altimeter & Brad Gerstner and their now ~$15B AUMhave become household names in the crossover arena. What jumps out to you the most about Altimeters journey? 3. See you in your inbox every Monday and Thursday. Map . When completed, an email will be sent to the email address you specify Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Founder - Altimeter Capital. 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%. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Fintel is a registered trademark. 10.8% ? None of the information contained in the Blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. And annual 13F returns of 30% since 2011", "Investors push for board shake-up at United Continental Holdings", "United was 'clumsy' at first in scandal, but eventually 'got it right,' investor says", "Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on 'metaverse', "Meta Needs to Slash Metaverse Spending to 'Get Mojo Back,' Shareholder Says", "Meta laying off more than 11,000 employees: Read Zuckerberg's letter announcing the cuts", "FTX Fiasco Hits Investors From Tiger Global to Tom Brady", "Pine Labs: Actis, Altimeter put $82 million in Pine Labs to grow roots", Taxation of private equity and hedge funds, Alternative investment management companies, History of private equity and venture capital, Private investment in public equity (PIPE), Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Altimeter_Capital&oldid=1133952390, Financial services companies established in 2008, Financial services companies based in Massachusetts, Companies based in Menlo Park, California, Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 January 2023, at 07:44. regarding PitchBook Data's products. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Investing in the investments discussed in the Blog may be risky and speculative. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. New York-based activist and event-driven hedge fund manager Coast Capital is also beating the market this year as they looked for out-of-favor value names in Europe. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Altimeter Capital Management is an investment firm that operates within the technology sector. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. An additional office of the firm is in Menlo Park, CA. 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. Here are the 10 most popular hedge fund managers in WhaleWisdom. 2015-2023 Fintel Ventures LLC. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. How do I update this listing? Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. Andy Brown is the CEO and portfolio manager of Cedar Rock Capital, an independent investment firm founded in 2002 and ranked #5 on this list. Altimeter's 15.1% stake in Snowflake Inc (NYSE: SNOW) data analytics company was valued at close to $4.4 billion upon its U.S . Reasons they site: 1. Altimeter manages a long / short public equity fund and private growth equity funds. Ray Dalio's: Bridgewater Associates. 82.9K Followers. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Brad invested in Priceline @ about$45 a shareand 5 years later, the stock was over$1000, representing a24x returnon the invested capital in just a few years. Get our editors daily picks straight in your inbox! Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Is a crash imminent? Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. This website is provided as is without any representations or warranties, express or implied. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. public funds and serves as an expert long-term partner to companies as they enter the public markets. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Please Question:Okay then. Link to 13F filings: SEC filings. I am not kidding. Question:Was there one take that you felt that Brad made that was particularly interesting? This website is not an offer to, or solicitation of, any potential clients or investors for any investment management, advisory or any other related services. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Annualized Growth Rate (CAGR). The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Win whats next. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. 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. Headquarters Location. Then theres Snowflake (SNOW). The information in the Blog constitutes the Content Creators own opinions. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Tweets & replies. Question:How did the investment playout? Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. So, without further ado, using TipRanks data, here are some of the top-ranked hedge fund managers from some of the Best Hedge Funds this year. Snowflake (SNOW) makes up more than half of Gerstners portfolio at 52%, followed by Meta Platforms (FB) and Uber Technologies (UBER) at 10.4% and 8.9%, respectively. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. . What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Long-time Wayfair insider bought $13.6M of W on the open market. The . David Einhorn's: Greenlight Capital. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. Popular Searches. Altimeter Capital 's most notable exits include . These positions were updated on August 15th based on the funds latest 13F filing. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. Normally $755/year for everything included. Luck befalls the curious mind. Written by altimeter capital returns; altimeter capital returns. Numerous financial news websites and stock market participants call activist investors vultures, who aim to extract short-term benefits at the expense of companies long-term performance. refer to our https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Passing Through Joined January 2009. Each investment position stands on its own based on Altimeters assessment of whether a significant discrepancy exists between a companys current market value and intrinsic business value. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. As of 12/31/2022, below is a summary of the Altimeter Capital Management . The inks barely dry on Regal Funds Managements agreement to acquire VGI Partners, and already the countrys busiest hedge fund manager appears to be thinking about other opportunities. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate About. There are 3 reasons why Altimeter is a believer in Meta: There is a wealth of lessons to be learned from Brad Gerstner & Altimeters journey. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . To calculate this, we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and returns for each quarter. The Content Creator or affiliates may trade for their own account(s) based on the information presented, and may also take positions inconsistent with the views expressed in its messages on the Blog. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. One International Place, Past performance is not an indication of future results. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. Gaurav Kapadia is off to an impressive start. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . As revealed in a recent 13D filing with the US SEC, Brad Gerstner's Altimeter Capital Managemententered into a settlement agreement with theUnited Continental Holdings Inc. email address below and choose 'Submit'. According to Dalbar, Inc., a company that studies investor behavior and analyzes investor market returns, consistently shows that the average investor earns below-average returns. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. You can reach the main office by . 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. Fast forward seven years, and Gerstner has pretty much achieved his goal. Boston, MA 02110 Investment Advisor Macro funds were a standout winner in April with a 5% surge, extending its 2020 rally to 15.5% thanks to strong performance in commodity, fundamental discretionary and trend-following strategies, according to data from HFR. Got a confidential news tip? Chase Coleman's growth-focused flagship fund at Tiger Global tumbled 15% last month, pushing its 2022 rout to 44% and wiping out nearly all of its gains since 2019, according to Bloomberg News. Subscribe to The Crossover today! . In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. The fund has exact preference in some . Brad is the Founder and CEO of Altimeter Capital - an internet, software, and travel focused investment firm founded in 2008 and located in Silicon Valley and Boston. It sold the previously owned 1,155,613 shares for $138 million. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. They did not look at something as public or private investment. Performance numbers calculated through 2023-02-14. Description. To calculate this, Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Performance The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. (Clickhereto subscribe to the Delivering Alpha newsletter.). Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. On this Wikipedia the language links are at the top of the page across from the article title. 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. The Boston-based firm held more than 36 million shares in the cloud data . Easily, the highlight of the game for everyone was oddly the rain delay. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Brad Gerstner. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. 91. . We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. Gerstner has proven himself to be a world-class stock picker. Brad Gerstner's Tweets. Cedar Rock is based out of London, United Kingdom. Altimeter LLC. 64% of the total holdings value. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Growth to continue post-pandemic? The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. Altimeter. Suite 4610 Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. https://www.linkedin.com/company/altimeter-capital of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. Get Contact Info for All Departments. 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. "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. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. I was intrigued by this idea of public market investors also doing private market investing. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Investors believe they can predict the future. 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). I think launching the fund wasnt actually crazy, but ratherbrilliant. Fintel . [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Altimeter Capital Management General Information. 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. Counting life in days and acts of kindness. The portfolio has a majority of its holdings, that is, 58.6%, in the Consumer Goods sector, with 24.7% of the portfolio invested in Procter & Gamble (PG) and 18.2% invested in Phillip Morris (PM). 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. us for more details. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture.