View the latest funds and 13F holdings. Altimeter Capital has made 91 investments. You must have a subscription to view WhaleScore histories. 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. It doesn't run an office outside of the United States. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). 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. Altimer Capital Custom tailored debt financing solutions Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Altimeter Capital Management LLC. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Since January 2012, the date of their first 13F filing, the fund has earned its investors a massive 305% return on the long side through October month-end. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. These positions were updated on August 15th based on the funds latest 13F filing. The leading representative office of defined VC is situated in the Menlo Park. 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. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. There are currently 14 companies in Mrs. Daviss portfolio. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. Suite 2310 Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. 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 holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Altimeter Capital Management LP 13F filings. Media. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Boston, Massachusetts, 02110, Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Want to get these in your inbox to never miss an edition? When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Altimeter manages a long / short public equity fund and private growth equity funds. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Passing Through Joined January 2009. Altimeter Growth Corp's shares have gained 25% since listing. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. How do I update this listing? Altimeter Capital's tech SPAC Altimeter Growth Corp. prices $450 Buying high. The information in the Blog constitutes the Content Creators own opinions. To calculate this, Ray Dalio's: Bridgewater Associates. He also served as a co-CEO of a travel company called National Leisure Group. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). The fund has exact preference in some . Thanks for the read! Description. A Division of NBCUniversal. 3. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. # . On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . $4.33 billion and $4.33 billion respectively. Ideal for intelligent investors with $50,000+ portfolios. ExodusPoint Capital Management LP Sells 38,873 Shares of Toast, Inc SEC form, multiple filers or classes of filers, and much more.***. At 12/31/2022: $3,652,571. 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. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? . SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. Here are the 10 most popular hedge fund managers in WhaleWisdom. On this Wikipedia the language links are at the top of the page across from the article title. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. Altimeter Capital Management is based out of Boston. 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. Personally, this means less time traveling and going to dinners but more time in nature and with his family. Altimeter Capital - Free Partner Email & Investor Profile We make money even in declining markets.". [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. [11] United Continental Holdings eventually gave in and changed its board of directors. With SNOW currently trading at $242, that stake is now worth $8.8 billion. 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. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Altimeter Capital 53 Portfolio companies, 81 Investments, Team 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. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG 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. It sold the previously owned 1,155,613 shares for $138 million. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. Tan Hooi Ling is a co-founder of Grab and the current COO. 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. About us. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Alt Turnover is calculated by taking either the total MV of new purchases or Subscribe to The Crossover today! Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. 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. These symbols will be available throughout the site during your session. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. A Look at the Best Performing Hedge Fund Managers In 2021 Question:Okay then. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. 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. Steven Cohen's: Point72 Asset Management. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. This website is provided as is without any representations or warranties, express or implied. (Clickhereto subscribe to the Delivering Alpha newsletter.). 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. You can reach the main office by . Grab to list in US via $40 bln merger with Altimeter Growth 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. Chase Coleman's growth-focused flagship fund at Tiger Global tumbled 15% last month, pushing its 2022 rout to 44% and wiping out nearly all of its gains since 2019, according to Bloomberg News. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Boston, MA 02110 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. ? One International Place Suite 2400. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. David Einhorn's: Greenlight Capital. Chase Coleman's: Tiger Global Management. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. What jumps out to you the most about Altimeters journey? [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Return to search. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Altimeter Capital Management, LP 13F Filings 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Over the last three years, Meta has also dramatically increased its capital expenses. Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and Altimeter Capital is the famous VC, which was founded in 2008. 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. Current Brad Gerstner Portfolio: Altimeter Capital - New Trader U Sign up for free newsletters and get more CNBC delivered to your inbox. [2]: Type a symbol or company name. To screen for upcoming or past SPAC . Login : Altimeter All text and design is copyright 2020 WhaleWisdom.com. Menlo Park, CA 94025 All rights reserved. 2023 PitchBook. We focus only on the top 10 holdings. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. 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. 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. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. 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. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Overreacting during times of uncertainty. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. "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.". 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. 535 Mission Street, Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? "Some of these companies we buy have lower valuations and lower share prices than they did in March 2009," said James Rasteh, CIO of Coast. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Join the more than 1.5 million industry professionals who get our daily newsletter! Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. 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. Meta (META): Activist Investor Calling for Layoffs and Capex Cuts Quickly find out what the most recently closed or increased positions are. Stocks with a size of more than $10 billion in market cap make up Hedge fund XN was one of 2020s largest new funds. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. In contrast, the S&P 500 stock index has gained 290.9%. Brad Gerstner | 2023 Phocuswright Conference: November 13-16, 2023, Ft For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. TipRanks->. Altimeter Capital - Investments, Portfolio & Company Exits - Crunchbase 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) . 706 Following. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Altimeter Capital Management General Information. Altimeter takes a deep fundamental approach to security analysis. Answer:Unbelievably well. Investors react to every move they make. Easily, the highlight of the game for everyone was oddly the rain delay. The firm focuses on technology investments in both public and private markets globally. Altimeter CapitalAltimeter CapitalAltimeter Capital Investment Advisor Among the most successful fund investment fields, there are Marketplace, Cloud Computing. ALTIMETER CAPITAL MANAGEMENT, LP Top 13F Holdings - WhaleWisdom.com 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. Get our editors daily picks straight in your inbox! Altimeter Capital Management Investor Profile: Portfolio & Exits Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Louis Bacon's: Moore Capital Management. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Altimeter Capital Management's 14 Stock Portfolio: Top 10 Holdings Equal-WTWhaleScore 2.0 On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Annualized Growth Rate (CAGR). . Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Altimeter Capital Management Team | Org Chart Thats nearly 2.2x the annual return of the S&P 500 over that period. 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? 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 Long-time Wayfair insider bought $13.6M of W on the open market. 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. Back in 2013, Bloomberg ran a profile of Brad Gerstner's 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. Brad Gerstner - Wife, Bio, Portfolio & Altimeter - Biography Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. 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. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. 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 average market cap of the portfolio companies is close to $270 billion. Designed for 5 yrs, ISRO-launched satellite completes decade and Brad Gerstner's Tweets. 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. Altimeter Capital - Crunchbase Investor Profile & Investments Tweets. 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. A new $450M tech SPAC. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Seeking profits from 13D & 13G filings? Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Copyright 2023 Altimeter Capital. BOSTON, MA Altimeter Capital Management Portfolio | Brad Gerstner 13F Holdings Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. Download 13F Summary The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. 82.9K Followers. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. I think launching the fund wasnt actually crazy, but ratherbrilliant. . [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Please 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. email address below and choose 'Submit'. Altimeter Capital: From $3M to $1B in 5 years - Workweek