The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. 10.8% 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. The information in the Blog constitutes the Content Creators own opinions. Meta investor Altimeter Capital called on the company to cut its staff and to limit its investments on expanding into the virtual reality metaverse world in an open letter published Monday. An additional office of the firm is in Menlo Park, CA. 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. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. Buying high. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. It doesn't run an office outside of the United States. 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. . This website is not an offer to, or solicitation of, any potential clients or investors for any . privacy policy or contact So, which sector is Kim most bullish about? At 12/31/2022: $3,652,571. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. There were 659 hedge funds in our system whose 13F portfolios consisted of at least five long positions in billion-dollar companies on June 30. 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. Brad Gerstner. Past performance is not an indication of future results. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. View the latest funds and 13F holdings. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Win whats next. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. We make money even in declining markets.". 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. Number of Exits 22. Data is a real-time snapshot *Data is delayed at least 15 minutes. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). We give you the access and tools to invest like a Wall Street money manager at a Main Street price. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. 535 Mission Street, The IRR is equivalent to the Compound Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. One International Place Suite 2400. 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%. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. These symbols will be available throughout the site during your session. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Investors react to every move they make. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. According to the last 13-F report filed with the SEC, Mara Davis serves as the Chief Compliance Officer at Altimeter Capital Management, L.P.. . 64% of the total holdings value. 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. 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. Boston, MA 02110 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. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. 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. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. Altimeter Capital Management LLC. Get Contact Info for All Departments. 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. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Venture firms netted handsome returns on paper for their early investments. 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. 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 GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Question:Okay then. Sharpe ratio is a measure of risk-adjusted return that indicates the additional return obtained by the hedge fund investor for every level of risk taken. Description. Get our editors daily picks straight in your inbox! email address below and choose 'Submit'. 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. Altimeter Capital has made 7 diversity investments. ? 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. Fintel . Answer:Unbelievably well. 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. Altimeter.com is Altimeter's only website. Investors believe they can predict the future. See you in your inbox every Monday and Thursday. Altimeter Capital Management is an investment firm that operates within the technology sector. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. You can expect to hear more about Brad and some of his investments soon in The Crossover! Return to search. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. Essentialism is a concept byGreg Mckeownthat emphasizes the idea of not stretching yourself too thin, and rather focusing on doing less and enriching what you choose to spend your time on. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). With SNOW currently trading at $242, that stake is now worth $8.8 billion. Altimeter Capital has made 91 investments. TipRanks->. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. 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. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. The majority of the companies in the funds portfolio are large-cap stocks. 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. us for more details. Altimeter Capital has had 22 exits. Suite 2310 A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Create your Watchlist to save your favorite quotes on Nasdaq.com. (Clickhereto subscribe to the Delivering Alpha newsletter.). If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. 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. Altimeter.com is Altimeters only website. $4.33 billion and $4.33 billion respectively. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. 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. All rights reserved. Altimeter. Altimeter Capital Management's Performance. To calculate this, [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Type a symbol or company name. 3. To put that in perspective, excluding your large . For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. Everything in Dividend Ideas. 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. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. 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. It was a blast. 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. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Altimeter.com is . Altimeter Capital Management LP. Here are the 10 most popular hedge fund managers in WhaleWisdom. 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. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. News Briefs. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. Chase Coleman's: Tiger Global Management. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. You understand that the Content Creator is not advising, and will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Read full disclaimer >. The article said Gerstner wanted to build a Venture Capital Empire. Trading in such securities can result in immediate and substantial losses of the capital invested. 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. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Overreacting during times of uncertainty. Attached below are some of the articles and podcasts I used to help put this piece together! Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. The fund has exact preference in some . It sold the previously owned 1,155,613 shares for $138 million. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "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.". From a report: The Meta investor recommends a plan to get the company's "mojo back" including reducing headcount expenses by 20% and limiting the company's pricey investments in . Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. ? In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Quickly find out what the most recently closed or increased positions are. 2023 CNBC LLC. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. About. Copyright 2023 Altimeter Capital. Brad invested in Priceline @ about $45 a share and 5 years later, the stock was over $1000, representing a 24x return on the invested capital in just a few years. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Altimeter is a leading technology-focused investment firm built by founders for founders. Investing in the investments discussed in the Blog may be risky and speculative. In this article, we reviewed Brad Gerstner's biography and investment track record. Sign-up Thats nearly 2.2x the annual return of the S&P 500 over that period. Long-time Wayfair insider bought $13.6M of W on the open market. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Answer:Easily the origins of the fund. Media. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Please You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. SEC form, multiple filers or classes of filers, and much more.***. 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. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in 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. Founder - Altimeter Capital. At Altimer Capital, we support businesses that leverage the power of data to drive growth.. Digital technologies continue to redefine industries and transform business models.Data-enabled companies have historically grown 75% faster on average than their peers and have been twice as likely to achieve their customer-experience goals. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Link to 13F filings: SEC filings. "Altimeter Capital CEO on Travel, Enterprise and the Sharing Economy", "Online-Travel King Brad Gerstner Wants Venture Capital Empire", "After Snowflake windfall, Altimeter Capital captures dealmaking spotlight | PitchBook", "Bradley Gerstner Investor Profile: Portfolio & Exits | PitchBook", "Singapore's Grab Delays Merger Completion to Fourth Quarter", "Grab IPO: what to know and how to buy Grab shares", "Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC", "SPACS Altimeter Growth II, One Equity Open Water I to liquidate early | Seeking Alpha", "Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. 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%. 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). You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. All rights reserved. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? OriginalWhaleScore Bill Ackman's: Pershing Square Capital Management. Passing Through Joined January 2009. BOSTON, MA While the firms mostly won't be able to sell their shares until lockup periods expire . To screen for upcoming or past SPAC . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. San Francisco, CA 94105 This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Catherine Woods fund seeks out Disruptive Innovation.. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. 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. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. On this Wikipedia the language links are at the top of the page across from the article title. A new $450M tech SPAC. . Download 13F Summary are based in the United States. The Boston-based firm held more than 36 million shares in the cloud data . Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at $3,933,007,000 after purchasing an additional 17,541,796 shares during the last quarter. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. [2] The firm focuses on technology investments in both public and private markets globally. This means they effectively own approximately 0.1% of the company. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion.
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