Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. The portfolio managed by Akre has gained 451.5% since June 2013, beating the S&P 500 index returns of 290.9% over the same period. TL;DR: Eutelsat Communications SA, a French satellite operator, and OneWeb, a UK satellite operator are set to combine in an all-share deal valuing OneWeb at $3.4 billion, a step toward creating a European champion to rival the likes of Elon Musks SpaceX. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. You can reach the main office by . Investor Type Hedge Fund, Venture Capital. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Copyright 2023 Altimeter Capital. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Want to get these in your inbox to never miss an edition? Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. 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? This means they effectively own approximately 0.1% of the company. 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. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Attached below are some of the articles and podcasts I used to help put this piece together! HOME | Altimeterwealth Charlotte NC Best wealth management I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Type a symbol or company name. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Ideal for intelligent investors with $50,000+ portfolios. the MV of securities sold, whichever is less, Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes ? Grab to list in US via $40 bln merger with Altimeter Growth Investment Advisor 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. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. OriginalWhaleScore Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Everyone thought he was crazy.. To calculate this, 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. 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. 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. Altimeter Capital Chair and CEO Brad Gerstner said in an open letter to the company and CEO Mark Zuckerberg on Monday that Meta has too many employees and is moving too slowly to retain the confidence of investors. Altimeter Capital Management Investor Profile: Portfolio & Exits Tan Hooi Ling is a co-founder of Grab and the current COO. Since 2011, holding an equal-weight portfolio of the funds top 20 13F positions, and rebalancing quarterly, would have generated average annual returns of 29.52%. Following Alpha: Altimeter Capital - Q4 2015 Review It was a blast. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. 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. Meta (META): Activist Investor Calling for Layoffs and Capex Cuts 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) . Besides for Peltz, Trians founding partners include Ed Garden and Peter May. If you require advice in relation to any financial matter you should consult an appropriate professional. 3. Buying high. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. 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. News of the merger has not been met with much enthusiasm in the public markets, as Eutelsat stock has actually gone down 18% since announcing deal talks. The majority of the companies in the funds portfolio are large-cap stocks. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. 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. Welcome to Sure Dividend - Sure Dividend Overreacting during times of uncertainty. 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. Instead of doing a classic profile on the fund, I thought I would do something we will call Alans Angle, inspired by the greatTerry Plutos, Terrys Talkin a style where he writes as if he is interviewing himself! At 12/31/2022: $3,652,571. BOSTON, MA You can expect to hear more about Brad and some of his investments soon in The Crossover! Altimer Capital Custom tailored debt financing solutions Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. 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. The average market cap of the portfolio companies is close to $270 billion. Here are the 10 most popular hedge fund managers in WhaleWisdom. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. . His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. returns for each quarter. He founded a technology-focused investment firm called Altimeter Capital in 2008. Likes. A new $450M tech SPAC. 91. Finance Department. This has significant impacts on both Brads personal life and Altimeters investing style. Tweets & replies. 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_ - Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. This website is not an offer to, or solicitation of, any potential clients or investors for any . Get our editors daily picks straight in your inbox! 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. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Manager Monday: Altimeter Capital Management - Novus 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 . 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 . "As a hedge fund we expect to lose less than the indexes on the way down - this year we have lost more Markets moved fast- we moved too slow.". Everything in Dividend Ideas. Copy and paste multiple symbols separated by spaces. 535 Mission Street, Type a symbol or company name. Altimeter SPAC goes public. Our team will review your remarks prior to publishing. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Altimeter Capital's tech SPAC Altimeter Growth Corp. prices $450 refer to our Altimeter Capital has made 91 investments. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Brad Gerstner - Forbes The fund focuses on investments in the United States as To put that in perspective, excluding your large . Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Number of Exits 22. United Stockholders Altimeter Capital and PAR Capital Announce Proxy Altimeter Capital's Brad Gerstner Issues Open Letter to Meta (META) and How do I update this listing? See you in your inbox every Monday and Thursday. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker Written by In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. Brad Gerstner (@altcap) / Twitter Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . Altimeter Capital Management, LP - Investor Performance Current Brad Gerstner Portfolio: Altimeter Capital - New Trader U Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine Suite 2310 This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. Luck befalls the curious mind. 10.8% Stocks with a size of more than $10 billion in market cap make up The firm focuses on technology investments in both public and private markets globally. Plan. $6.9 M. For more information, please call (617) 310-6180 or email IR@altimeter.com. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. "On . Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. David Einhorn's: Greenlight Capital. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Win whats next. Venture firms netted handsome returns on paper for their early investments. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. The fund was located in North America if to be more exact in United States. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. 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%. These symbols will be available throughout the site during your session. 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. We want to hear from you. Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and Fast forward seven years, and Gerstner has pretty much achieved his goal. 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. Compare against similar firms. ALTIMETER CAPITAL - The Economic Times 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. 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. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. Subscribe to The Crossover today! In this article, we reviewed Brad Gerstner's biography and investment track record. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. Bill Ackman's: Pershing Square Capital Management. Altimeter Capital Management LLC. Altimeter Capital now has $5.92 billion under management in 27 different holdings with 97.62% allocated to the top 20 holdings in its hedge fund portfolio. The managers portfolio has a Sharpe ratio of 7.98. He also served as a co-CEO of a travel company called National Leisure Group. He is bullish on both, which to many could see as being contradicting. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. [2] The firm focuses on technology investments in both public and private markets globally. are based in the United States. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight We focus only on the top 10 holdings. Fintel . Quickly find out what the most recently closed or increased positions are. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. 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. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). Steven Cohen's: Point72 Asset Management. Answer:Overwhelmed, but not why you might think. The total portfolio value may be much higher due to cash 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. altimeter capital returns. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. In addition to quarterly performance, we show annualized performance and the . Altimeter Capital is in talks with ride . Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Annualized Growth Rate (CAGR). Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and The article said Gerstner wanted to build a Venture Capital Empire. [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate On this Wikipedia the language links are at the top of the page across from the article title. 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. Ray Dalio's: Bridgewater Associates. Altimeter Capital Management Portfolio | Brad Gerstner 13F Holdings Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. 64% of the total holdings value. Toast, Inc. (NYSE:TOST) Given Average Recommendation of "Hold" by One International Place, Altimeter Capital Management's Performance. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence.