to see more advanced email alert options such as selecting any type of Altimeter LLC. Question:Okay then. Ideal for intelligent investors with $50,000+ portfolios. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Everyone thought he was crazy.. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. In addition to quarterly performance, we show annualized performance and the . Written by However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Investment Advisor Nothing on this website constitutes, or is meant to constitute, advice of any kind. Toast, Inc. (NYSE:TOST) Given Average Recommendation of "Hold" by Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. Personally, this means less time traveling and going to dinners but more time in nature and with his family. TipRanks->. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. 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. 2550 Sand Hill Road, Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. News Briefs. Altimeter CapitalAltimeter CapitalAltimeter Capital Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed [1]: Brad Gerstner - Forbes [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate Altimeter Capital 53 Portfolio companies, 81 Investments, Team Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Fast forward seven years, and Gerstner has pretty much achieved his goal. At Altimer Capital, we support businesses that leverage the power of data to drive growth.. Digital technologies continue to redefine industries and transform business models.Data-enabled companies have historically grown 75% faster on average than their peers and have been twice as likely to achieve their customer-experience goals. 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. Altimeter Capital is in talks with ride . us for more details. Altimeter Capital Management, LP 13F Filings His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Care to explain? [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. One International Place, 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. Steven Cohen's: Point72 Asset Management. public funds and serves as an expert long-term partner to companies as they enter the public markets. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Reasons they site: 1. 2. Altimeter Capital Fund Manager Profile | Preqin To calculate this, They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. 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. Normally $755/year for everything included. All text and design is copyright 2020 WhaleWisdom.com. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Top 10 Stocks Held By Altimeter Capital Management LP "On . Revenue. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. All Rights Reserved. Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management Equal-WTWhaleScore 2.0 United Stockholders Altimeter Capital and PAR Capital Express the total portfolio value. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. 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. 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. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Tech-focused investors like Brad Gerstner and Tiger Global are getting crushed as growth stocks became the epicenter of the market carnage in the face of rising rates. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Altimeter Capital Company Profile | Management and Employees List Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Altimeter is known for its long-term focus, concentrated investment approach, and exceptional returns across both its public hedge fund and private growth equity funds. Altimeter Capital has made 7 diversity investments. Map , Boston Trading in such securities can result in immediate and substantial losses of the capital invested. 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. At 09/30/2022: $4,676,285. Type a symbol or company name. A new $450M tech SPAC. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. Phone Number (617) 310-6180. Altimeter Capital employs 13 employees. The Boston-based firm held more than 36 million shares in the cloud data . Altimeter SPAC goes public. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. "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. San Francisco, CA 94105 Catherine Woods fund seeks out Disruptive Innovation.. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Type a symbol or company name. Gerstner has proven himself to be a world-class stock picker. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Thats nearly 2.2x the annual return of the S&P 500 over that period. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Tweets & replies. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Join the more than 1.5 million industry professionals who get our daily newsletter! Meta (META): Activist Investor Calling for Layoffs and Capex Cuts 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. One International Place Suite 2400. New York-based activist and event-driven hedge fund manager Coast Capital is also beating the market this year as they looked for out-of-favor value names in Europe. Altimeter Capital Management LP. 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. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. Buying high. Later in 2013, Brad looked to continue to capitalize off his success and launched . 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. Brad Gerstner | 2023 Phocuswright Conference: November 13-16, 2023, Ft Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million 706 Following. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. There are currently 14 companies in Mrs. Daviss portfolio. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages We want to hear from you. The inks barely dry on Regal Funds Managements agreement to acquire VGI Partners, and already the countrys busiest hedge fund manager appears to be thinking about other opportunities. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. HOME | Altimeterwealth Charlotte NC Best wealth management The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. This will schedule a job to export all requested 13f holdings data for this filer. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. I think launching the fund wasnt actually crazy, but ratherbrilliant. Ray Dalio's: Bridgewater Associates. 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. Media. Meta investor Altimeter Capital called on the company to cut its staff and to limit its investments on expanding into the virtual reality metaverse world in an open letter published Monday. 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. privacy policy or contact 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. Subscribe to The Crossover today! But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? Its first private fund was closed in 2013. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Overreacting during times of uncertainty. All rights reserved. 71.4% of the portfolio companies The largest investments include Snowflake and Microsoft, together worth $2.82 billion. regarding PitchBook Data's products. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. Get Contact Info for All Departments. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. 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. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. Meta Platforms Inc makes up Home : Altimeter I am not kidding. It sold the previously owned 1,155,613 shares for $138 million. 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. 64% of the total holdings value. . Chase Coleman's: Tiger Global Management. 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. A Recession Is Already Here, Hedge Fund Manager Says ? Data is a real-time snapshot *Data is delayed at least 15 minutes. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. At 12/31/2022: $3,652,571. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Designed for 5 yrs, ISRO-launched satellite completes decade and 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. Bill Ackman's: Pershing Square Capital Management. Likes. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. . the MV of securities sold, whichever is less, Investors believe they can predict the future. 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. 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. Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. A new Founder - Altimeter Capital. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. 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. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. He also served as a co-CEO of a travel company called National Leisure Group. or to simply have an email sent to you whenever we receive a new 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. Investing in the investments discussed in the Blog may be risky and speculative. Altimeter Capital Management is based out of Boston. Attached below are some of the articles and podcasts I used to help put this piece together! Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. This website is not an offer to, or solicitation of, any potential clients or investors for any . OriginalWhaleScore [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. The total portfolio value may be much higher due to cash ? Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . 2015-2023 Fintel Ventures LLC. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. Welcome to Sure Dividend - Sure Dividend With SNOW currently trading at $242, that stake is now worth $8.8 billion. Boston, MA 02110 Hedge Funds fall under the category of alternative investments. Let me know what you thought by replying back to this email. Current Brad Gerstner Portfolio: Altimeter Capital - New Trader U In addition to quarterly performance, we show annualized performance and the The leading representative office of defined VC is situated in the Menlo Park. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. 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. What jumps out to you the most about Altimeters journey? Meta shareholder tells company to cut staff, 'get fit and focused' Altimeter Capital's Brad Gerstner Issues Open Letter to Meta (META) and 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 - Investor Performance If you require advice in relation to any financial matter you should consult an appropriate professional. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. The fund has exact preference in some . 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 is a hedge fund with 17 clients and discretionary assets under management (AUM) of $17,950,309,162 (Form ADV from 2022-05-27). Required fields not completed correctly. In this article, we reviewed Brad Gerstner's biography and investment track record. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. They did not look at something as public or private investment. Brad Gerstner is an American investor and entrepreneur. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. [11] United Continental Holdings eventually gave in and changed its board of directors. 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. altimeter capital returnsstriped bark scorpion altimeter capital returns. 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. Louis Bacon's: Moore Capital Management. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Got a confidential news tip? Number of Exits 22. 91. Grab to list in US via $40 bln merger with Altimeter Growth Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN Description. Everyone always talks about the new FinTech companies on the scene, but. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Altimeter Capital Management General Information. Our team will review your remarks prior to publishing. Sorry, no results has been found matching your query. containing a link to download the .zip file of the CSV file(s) you requested. See you in your inbox every Monday and Thursday. Map . Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. And annual 13F returns of 30% since 2011", "Investors push for board shake-up at United Continental Holdings", "United was 'clumsy' at first in scandal, but eventually 'got it right,' investor says", "Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on 'metaverse', "Meta Needs to Slash Metaverse Spending to 'Get Mojo Back,' Shareholder Says", "Meta laying off more than 11,000 employees: Read Zuckerberg's letter announcing the cuts", "FTX Fiasco Hits Investors From Tiger Global to Tom Brady", "Pine Labs: Actis, Altimeter put $82 million in Pine Labs to grow roots", Taxation of private equity and hedge funds, Alternative investment management companies, History of private equity and venture capital, Private investment in public equity (PIPE), Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Altimeter_Capital&oldid=1133952390, Financial services companies established in 2008, Financial services companies based in Massachusetts, Companies based in Menlo Park, California, Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 January 2023, at 07:44. Altimeter is a leading technology-focused investment firm built by founders for founders. Altimeter Capital has had 22 exits. Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and