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Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. We want to hear from you. Altimeter is a leading technology-focused investment firm built by founders for founders. 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. 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. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? One International Place Suite 2400. public funds and serves as an expert long-term partner to companies as they enter the public markets. 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. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Type a symbol or company name. 535 Mission Street, Hedge fund XN was one of 2020s largest new funds. 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 LP holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Altimeter Capital Management LP 13F filings. Altimeter manages a long / short public equity fund and private growth equity funds. 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? regarding PitchBook Data's products. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. With SNOW currently trading at $242, that stake is now worth $8.8 billion. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Shrilekha Pethe for 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. The information in the Blog constitutes the Content Creators own opinions. I think launching the fund wasnt actually crazy, but ratherbrilliant. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Per Altimeter's website: Altimeter Capital is a global investment . Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Views here personal. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). the total portfolio value. The bullishness on TikTok is obvious, but Meta not so much. Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. At 09/30/2022: $4,676,285. San Francisco, CA 94105 Altimeter Capital Management LP. The overall hedge fund community dipped 0.9% in April, compared to the S&P 500's near 9% loss for its worst month since March 2020, according to HFR. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Suite 150 decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. 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. 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. Attached below are some of the articles and podcasts I used to help put this piece together! When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. the MV of securities sold, whichever is less, Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. "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. Likes. Subscribe to WhaleWisdom to view all filing data Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. It sold the previously owned 1,155,613 shares for $138 million. Question:Okay then. Gerstner has proven himself to be a world-class stock picker. Download 13F Summary Tweets & replies. Altimeter Capital is the famous VC, which was founded in 2008. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. The firm focuses on technology investments in both public and private markets globally. Altimeter Capital: From $3M to $1B in 5 years, Investing with Altimeter Capitals Brad Gerstner, Brad Gerstner Public & Private Investing, Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX, See you in your inbox every Monday and Thursday. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. # . You can expect to hear more about Brad and some of his investments soon in The Crossover! Altimeter Capital has had 22 exits. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. David Einhorn's: Greenlight Capital. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. The music was electric and fans were dancing on the big screen. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. 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. 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 . What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Silicon Valley TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Map . Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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 . [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. 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 fund was located in North America if to be more exact in United States. That would make it the largest SPAC merger ever, more than [] Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. "On . 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%. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities 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.. 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. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. These licenses may or may not be disclosed by the Content Creator in the Blog. 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). 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 Management, LP ("Altimeter") is an SEC-registered investment adviser. Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. 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. or to simply have an email sent to you whenever we receive a new 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. To screen for upcoming or past SPAC . Written by Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. I was intrigued by this idea of public market investors also doing private market investing. Right? Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. He is bullish on both, which to many could see as being contradicting. 3. 82.9K Followers. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Get Contact Info for All Departments. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . 2023 CNBC LLC. Copy and paste multiple symbols separated by spaces. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. 10.8% Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. Investor Performance. This has significant impacts on both Brads personal life and Altimeters investing style. . [2]: As of 8th August 2022, Altimeter Capital Management, L.P.s top holding is 17,001,796 shares of Snowflake currently worth over $2.36 billion and making up 54.7% of the portfolio value. Investor Type Hedge Fund, Venture Capital. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. An additional office of the firm is in Menlo Park, CA. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. 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. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. View the latest funds and 13F holdings. Personally, this means less time traveling and going to dinners but more time in nature and with his family. 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. 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. Answer:Overwhelmed, but not why you might think. The information in this website is for general reference purposes and is subject to change without notice or update. A new $450M tech SPAC. Read full disclaimer >. 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. Map , San Francisco [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. . While the firms mostly won't be able to sell their shares until lockup periods expire . Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Alt Turnover is calculated by taking either the total MV of new purchases or 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. Its first private fund was closed in 2013. 64% of the total holdings value. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. 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. SEC form, multiple filers or classes of filers, and much more.***. Copyright 2023 Altimeter Capital. At 12/31/2022: $3,652,571. All rights reserved. October 25th, 2022 - Hedge Funds Insider Trading, May 12th, 2022 - Hedge Funds Insider Trading, November 25th, 2020 - Hedge Funds Insider Trading, May 9th, 2017 - Hedge Funds Market Movers News. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts.