706 Following. The firm focuses on technology investments in both public and private markets globally. San Francisco, CA 94105 Long-time Wayfair insider bought $13.6M of W on the open market. Altimeter Capital Fund Manager Profile | Preqin [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. 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%. GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG A Division of NBCUniversal. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). . [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Altimeter Capital employs 13 employees. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. 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. Cedar Rock is based out of London, United Kingdom. The music was electric and fans were dancing on the big screen. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Altimeter is a leading technology-focused investment firm built by founders for founders. ? 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. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. 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. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. Altimeter is a leading technology-focused investment firm built by founders for founders. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. To calculate this, In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. Altimeter Capital Management LP. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. He founded a technology-focused investment firm called Altimeter Capital in 2008. 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. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. A new $450M tech SPAC. Altimeter Capital Management's 14 Stock Portfolio: Top 10 Holdings Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Finance Department. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Hedge Funds fall under the category of alternative investments. 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 . This website is provided as is without any representations or warranties, express or implied. 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. 2550 Sand Hill Road, Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. Bill Ackman's: Pershing Square Capital Management. 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. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. 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? ALTIMETER CAPITAL MANAGEMENT, LP Top 13F Holdings - WhaleWisdom.com [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. 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.. This means they effectively own approximately 0.1% of the company. I was intrigued by this idea of public market investors also doing private market investing. One International Place Suite 2400. Gerstner has proven himself to be a world-class stock picker. The average market cap of the portfolio companies is close to $270 billion. divided by the total MV of the fund. Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine Please For more information, please call (617) 310-6180 or email IR@altimeter.com. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Normally $755/year for everything included. 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. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Altimeter Capital - Wikipedia Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. Suite 2310 Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. S&P 500WhaleScore Investor Type Hedge Fund, Venture Capital. Want to get these in your inbox to never miss an edition? Altimeter SPAC goes public. The S&P 500 is edging closer to bear market territory, down 18% from its record high, as the Federal Reserve's aggressive tightening spurred recession worries. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). 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 . Currently, their heaviest sector is Technology making up 85.1% of Tan Hooi Ling is a co-founder of Grab and the current COO. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. Do Not Sell My Personal Information (CA Residents Only). One International Place, Number of Exits 22. Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. A new Meta shareholder tells company to cut staff, 'get fit and focused' View the latest funds and 13F holdings. ExodusPoint Capital Management LP Sells 38,873 Shares of Toast, Inc In addition to quarterly performance, we show annualized performance and the ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. I am not kidding. Download 13F Summary A Recession Is Already Here, Hedge Fund Manager Says 3. There are currently 14 companies in Mrs. Daviss portfolio. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. public funds and serves as an expert long-term partner to companies as they enter the public markets. Kims portfolio has gained a whopping 569.2% since 2013. Altimeter Capital's Brad Gerstner Issues Open Letter to Meta (META) and 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. All rights reserved. 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. In April 2021 it was announced that AGC would merge with Singapore ridesharing company, Grab to help it list on Nasdaq under the ticker, GRAB. Meta (META): Activist Investor Calling for Layoffs and Capex Cuts Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. You must have a subscription to view WhaleScore histories. of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Seeking profits from 13D & 13G filings? Boston, MA 02110 Type a symbol or company name. 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). Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management Past performance is not an indication of future results. $499/Year. To put that in perspective, excluding your large . the MV of securities sold, whichever is less, 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. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Venture firms netted handsome returns on paper for their early investments. 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. This will schedule a job to export all requested 13f holdings data for this filer. Popular Searches. At 09/30/2022: $4,676,285. The article said Gerstner wanted to build a Venture Capital Empire. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Required fields not completed correctly. Top 10 Stocks Held By Altimeter Capital Management LP Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Boston, Massachusetts, 02110, Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Suite 4610 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%. Unlike an ordinary SPAC . Alt Turnover is calculated by taking either the total MV of new purchases or institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Luck befalls the curious mind. If you require advice in relation to any financial matter you should consult an appropriate professional. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. In this article, we reviewed Brad Gerstner's biography and investment track record. AGC is a SPAC which is a blank-check company. Altimeter Capital 's most notable exits include . 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. 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. 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. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . 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. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Views here personal. Hedge fund XN was one of 2020s largest new funds. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Question:How did the investment playout? Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. 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. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase.

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