The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Type a symbol or company name. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Altimeter SPAC Has Reported $40 Billion Deal for Ride-Hail Company Grab A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. The best time to launch a fund is after a serious market correction & when there is serious uncertainty in the air even though it will likely be and feel the hardest time to do so. 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 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). Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. or to simply have an email sent to you whenever we receive a new 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. public funds and serves as an expert long-term partner to companies as they enter the public markets. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Long-time Wayfair insider bought $13.6M of W on the open market. 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. Media. Thats nearly 2.2x the annual return of the S&P 500 over that period. 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. Boston, Massachusetts, 02110, Altimeter.com is Altimeter's only website. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Number of Exits 22. 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. All rights reserved. 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) . All text and design is copyright 2020 WhaleWisdom.com. Kims portfolio has gained a whopping 569.2% since 2013. The firm's highlight investments in the past two years include Airbyte, Discord . Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Fast forward seven years, and Gerstner has pretty much achieved his goal. Altimeter. us for more details. 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. Got a confidential news tip? Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. 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. Altimeter Capital's second 'blank check' IPO raises $400 million Answer:Overwhelmed, but not why you might think. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). . Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. 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 . SEC form, multiple filers or classes of filers, and much more.***. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Investor Performance. To screen for upcoming or past SPAC . Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. Brad Gerstner | 2023 Phocuswright Conference: November 13-16, 2023, Ft The activist hedge fund industry oversees approximately $120 billion in assets under management, which enables activists to acquire stakes even in the largest U.S. public companies. 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. Altimeter is a leading technology-focused investment firm built by founders for founders. 3. 10.8% [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Suite 2310 Brad Gerstner (@altcap) / Twitter Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker Its first private fund was closed in 2013. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. 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 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. While the firms mostly won't be able to sell their shares until lockup periods expire . Sign-up Ault Global disclosed a 9.96% position in NTN Buzztime. We make money even in declining markets.". "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. "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. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Altimeter Capital Management LLC. After Snowflake windfall, Altimeter Capital captures dealmaking Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Read full disclaimer >. Top 10 Stocks Held By Altimeter Capital Management LP The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. ? The information in the Blog constitutes the Content Creators own opinions. Overreacting during times of uncertainty. Contact Email info@altimeter.com. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. The bullishness on TikTok is obvious, but Meta not so much. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Altimeter SPAC goes public | PE Hub Ideal for intelligent investors with $50,000+ portfolios. In contrast, the S&P 500 stock index has gained 290.9%. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. S&P 500WhaleScore Trading in such securities can result in immediate and substantial losses of the capital invested. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. 2021 Workweek Media Inc. All rights reserved. It sold the previously owned 1,155,613 shares for $138 million. When completed, an email will be sent to the email address you specify https://www.linkedin.com/company/altimeter-capital This will schedule a job to export all requested 13f holdings data for this filer. Meta shareholder wants Facebook parent to cut jobs, spending assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Map , San Francisco . Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. are based in the United States. Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and Altimeter Capital Management, LP 13F Filings The managers portfolio has a Sharpe ratio of 7.98. 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. Altimeter.com is Altimeters only website. Venture firms netted handsome returns on paper for their early investments. To calculate this, [2]: These positions were updated on August 15th based on the funds latest 13F filing. 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? The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Investment Advisor Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates. How do I update this listing? Altimeter Capital Management General Information. Grab to list in US via $40 bln merger with Altimeter Growth 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. Altimeter Capital has had 22 exits. Home : Altimeter Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. 2023 CNBC LLC. 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. Altimeter Capital has made 7 diversity investments. Buying high. Altimeter Capital - Free Partner Email & Investor Profile 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. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. 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. 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. Join the more than 1.5 million industry professionals who get our daily newsletter! Among the most successful fund investment fields, there are Marketplace, Cloud Computing. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). Altimeter Capital Portfolio Investments, Altimeter Capital Funds Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Brad Gerstner Bio, Returns, AUM, Net Worth. Altimeter Capital Management LP. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Following Alpha: Altimeter Capital - Q4 2015 Review It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. Stocks with a size of more than $10 billion in market cap make up Catherine Woods fund seeks out Disruptive Innovation.. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Equal-WTWhaleScore 2.0 Altimeter Capital Company Profile | Management and Employees List Our team will review your remarks prior to publishing. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. 706 Following. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Welcome to Sure Dividend - Sure Dividend Tweets & replies. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. Compare against similar firms. This has significant impacts on both Brads personal life and Altimeters investing style. At 09/30/2022: $4,676,285. You are limited to the prior 8 quarters of 13F filings. Chase Coleman's: Tiger Global Management. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Altimeter Capital Management, LP - Investor Performance Designed for 5 yrs, ISRO-launched satellite completes decade and View the latest funds and 13F holdings. Fintel is a registered trademark. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. A look at the hedge funds managers portfolio activity indicates that Microsoft (MSFT) makes up 9.3% of the portfolio, followed by Amazon (AMZN) and Aon (AON) at 8.8% and 8.5%, respectively. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Link to 13F filings: SEC filings. Altimer Capital Custom tailored debt financing solutions It was a blast. This website is not an offer to, or solicitation of, any potential clients or investors for any . Investors believe they can predict the future. Quickly find out what the most recently closed or increased positions are. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Subscribe to WhaleWisdom to view all filing data 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. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. 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. 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. older whippets for rehoming In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. 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.