Media. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Map , Boston The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Then theres Snowflake (SNOW). 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. In contrast, the S&P 500 stock index has gained 290.9%. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Headquarters Location. 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. $4.33 billion and $4.33 billion respectively. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Views here personal. 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. Unlike an ordinary SPAC . Quarter Holdings Value ($000) Form Type Date Filed Filing ID Name; Q4 2022: 11: 3,652,571: 13F-HR: 2/14/2023: 000154161723000003: Altimeter Capital Management, LP The fund has exact preference in some . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Altimeter SPAC goes public. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. 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). Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. Get Contact Info for All Departments. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. 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. [2] The firm focuses on technology investments in both public and private markets globally. It doesn't run an office outside of the United States. 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. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Brad Gerstner is an American investor and entrepreneur. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. containing a link to download the .zip file of the CSV file(s) you requested. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. The fund was located in North America if to be more exact in United States. Currently, their heaviest sector is Technology making up 85.1% of older whippets for rehoming [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. All Rights Reserved. Altimeter Capital Management's Performance. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Our team will review your remarks prior to publishing. A new $450M tech SPAC. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. 706 Following. The author of this piece and/or members of Workweek media could be invested in companies discussed. of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past 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. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. I was intrigued by this idea of public market investors also doing private market investing. Ault Global disclosed a 9.96% position in NTN Buzztime. Hedge fund XN was one of 2020s largest new funds. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. Brad Gerstner. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday, April 13, 2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion in preparation for an initial public offering in the U.S . 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. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. All rights reserved. Catherine Woods fund seeks out Disruptive Innovation.. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. email address below and choose 'Submit'. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Type a symbol or company name. At 09/30/2022: $4,676,285. Usually, a Sharpe ratio of more than 1 is considered good, while a ratio that is below 1 should be judged based on the investment strategy used. They did not look at something as public or private investment. 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 . Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. Per Altimeter's website: Altimeter Capital is a global investment . You are limited to the prior 8 quarters of 13F filings. Gerstner has proven himself to be a world-class stock picker. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. For media inquiries, please contact press@altimeter.com. 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) . The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). 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. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Fintel . A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. 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. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. . Meta Platforms Inc makes up Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Terry is a legendary writer forThe Plain Dealer(Cleveland) who made reading about theCleveland Brownsfun, even though there was literally nothing fun to write about. 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). Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Altimeter Capital Management LP. Altimeter Capital is the famous VC, which was founded in 2008. This has significant impacts on both Brads personal life and Altimeters investing style. Personally, this means less time traveling and going to dinners but more time in nature and with his family. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. 71.4% of the portfolio companies Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Brad Gerstner Bio, Returns, AUM, Net Worth. Fast forward seven years, and Gerstner has pretty much achieved his goal. Investor Performance. He founded a technology-focused investment firm called Altimeter Capital in 2008. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Kims portfolio has gained a whopping 569.2% since 2013. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Passing Through Joined January 2009. 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. Bill Ackman's: Pershing Square Capital Management. 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 is a leading technology-focused investment firm built by founders for founders. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. The firm's highlight investments in the past two years include Airbyte, Discord . One International Place, 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. Plan. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Altimeter Capital employs 13 employees. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. Answer:Yes way and quite a few of them. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Let me know what you thought by replying back to this email. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? 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. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. SEC form, multiple filers or classes of filers, and much more.***. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. At 12/31/2022: $3,652,571. 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. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. The principal office where Altimeter Capital Management, LP performs its advisory services is located at One International Place, Boston, MA 02110, which is also the mailing address of the firm. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and S&P 500WhaleScore 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. Contact Email info@altimeter.com. Conforti joined Altimeter, which is led by Brad Gerstner, in 2021 to invest in technology companies as they cross over from private to public markets. 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. Number of Exits 22. Cedar Rock is based out of London, United Kingdom. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. https://www.linkedin.com/company/altimeter-capital The Boston-based firm held more than 36 million shares in the cloud data . Thanks for the read! Annualized Growth Rate (CAGR). are based in the United States. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Reasons they site: 1. 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. BOSTON, MA On this Wikipedia the language links are at the top of the page across from the article title. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Do Not Sell My Personal Information (CA Residents Only). The information in the Blog constitutes the Content Creators own opinions. Altimeter Capital Management General Information. Data is a real-time snapshot *Data is delayed at least 15 minutes. In this article, we reviewed Brad Gerstner's biography and investment track record. [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. "If you owned growth stocks this year - like we did at Altimeter - you got your face ripped off," Altimeter Capital's CEO Gerstner said in a Twitter post Thursday. 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. 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. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Altimeter Growth Corp's shares have gained 25% since listing. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Thank you and soon you will hear from one of our Attorneys. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. ? Altimeter manages a variety of venture and When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Suite 150 64% of the total holdings value. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Read full disclaimer >. Akres portfolio has a Sharpe ratio of 8.06 with 57.9% of the portfolio invested in the financial sector and 25.1% invested in the technology sector. ALTIMETER CAPITAL MANAGEMENT, LP Total Shares: 25,784,379 Subject Company: Snowflake, Inc. - View Complete Ownership History Backtest Filed as of Date: 06/21/2021: Event Date: 06/10/2021: Overall % Ownership: 8.72: Theoretical performance if you bought this security on the day the filing was released. 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%. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in You can expect to hear more about Brad and some of his investments soon in The Crossover! [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Create your Watchlist to save your favorite quotes on Nasdaq.com. The companies may have limited operating histories, little available public information. Please 2. Equal-WTWhaleScore 2.0 I think launching the fund wasnt actually crazy, but ratherbrilliant. To calculate this, The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Map . The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. returns for each quarter. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Quickly find out what the most recently closed or increased positions are. 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. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Is a crash imminent? Download 13F Summary [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. The leading representative office of defined VC is situated in the Menlo Park. Boston, Massachusetts, 02110, The article said Gerstner wanted to build a Venture Capital Empire. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Brad Gerstner's Tweets. 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. Get our editors daily picks straight in your inbox! This website is provided as is without any representations or warranties, express or implied. Question:How did the investment playout? While the merger is supposed to generate 1.5 billion Euros along with investments and cost synergies for Eutelsat, many worry about the short-term cash burn and the contrasting relationships with Russia between the two companies. 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. This will schedule a job to export all requested 13f holdings data for this filer. Link to 13F filings: SEC filings. Altimeter.com is Altimeter's only website. 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. Altimeter.com is . Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. The firm focuses on technology investments in both public and private markets globally. What jumps out to you the most about Altimeters journey? 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. ? Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. 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. So, which sector is Kim most bullish about? 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. 3. 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. For more information, please call (617) 310-6180 or email IR@altimeter.com. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. The average market cap of the portfolio companies is close to $270 billion. or to simply have an email sent to you whenever we receive a new On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . See you in your inbox every Monday and Thursday. Altimeter. View the latest funds and 13F holdings. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). Stocks with a size of more than $10 billion in market cap make up While shareholders will split the newly merged company, Eutelsat CEO Eva Berneke will run the company, and Eutelsats chairman, Dominique DHinnin, is set to be chairman of the company, with his OneWeb counterpart, Sunil Bharti Mittal, set to be co-chair and vice president. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! 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. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Warren Buffett's: Berkshire Hathaway. 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.
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