View the latest funds and 13F holdings. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. Trading in such securities can result in immediate and substantial losses of the capital invested. The Boston-based firm held more than 36 million shares in the cloud data . Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Thanks for the read! 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? This means they effectively own approximately 0.1% of the company. About us. Answer:Yes way and quite a few of them. He is bullish on both, which to many could see as being contradicting. BOSTON, MA But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. 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 . You can expect to hear more about Brad and some of his investments soon in The Crossover! If you require advice in relation to any financial matter you should consult an appropriate professional. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Type a symbol or company name. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. are based in the United States. 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. Ideal for intelligent investors with $50,000+ portfolios. Then theres Snowflake (SNOW). In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. The bullishness on TikTok is obvious, but Meta not so much. Cedar Rock is based out of London, United Kingdom. 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 grew its stake in GitLab by 174.6% during the 1st quarter. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. 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. older whippets for rehoming [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Instead of doing a classic profile on the fund, I thought I would do something we will call Alans Angle, inspired by the greatTerry Plutos, Terrys Talkin a style where he writes as if he is interviewing himself! Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. Altimeter Capital Management General Information. Suite 4610 Altimeter CapitalAltimeter CapitalAltimeter Capital Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. 2015-2023 Fintel Ventures LLC. 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. On this Wikipedia the language links are at the top of the page across from the article title. With SNOW currently trading at $242, that stake is now worth $8.8 billion. Want to get these in your inbox to never miss an edition? Brad Gerstner Bio, Returns, AUM, Net Worth. All Rights Reserved. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. About. Subscribe to The Crossover today! divided by the total MV of the fund. Phone Number (617) 310-6180. Suite 2310 ? Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. Map , San Francisco The article said Gerstner wanted to build a Venture Capital Empire. altimeter capital returns. News of the merger has not been met with much enthusiasm in the public markets, as Eutelsat stock has actually gone down 18% since announcing deal talks. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. 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 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. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Written by Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. refer to our Hedge Funds fall under the category of alternative investments. Past performance is not an indication of future results. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Altimeter LLC. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. . We give you the access and tools to invest like a Wall Street money manager at a Main Street price. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. 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. Kultura Capital Management is being structured as a hybrid fund that will focus on late-stage tech startups as well as public companies, the person said. Buying high. This website is not an offer to, or solicitation of, any potential clients or investors for any . 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. It doesn't run an office outside of the United States. 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. 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. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. Views here personal. 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 . You can reach the main office by . Kims portfolio has gained a whopping 569.2% since 2013. us for more details. See you in your inbox every Monday and Thursday. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. Altimeter Capital Chairman and CEO Brad Gerstner said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. The music was electric and fans were dancing on the big screen. These positions were updated on August 15th based on the funds latest 13F filing. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your News Briefs. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. San Francisco, CA 94105 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 worth . 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. 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. Do Not Sell My Personal Information (CA Residents Only). Luck befalls the curious mind. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of 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. 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. 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. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Altimeter.com is . Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. . The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Performance Founder - Altimeter Capital. 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 Investors believe they can predict the future. In this article, we reviewed Brad Gerstner's biography and investment track record. Please Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. Altimeter takes a deep fundamental approach to security analysis. Map . It sold the previously owned 1,155,613 shares for $138 million. With other successes in the private markets like Hubspot, Confluent, Twilio, Expedia, Uber, as well as 13F returns that grew30%annually from 2011-2020, Altimeter & Brad Gerstner and their now ~$15B AUMhave become household names in the crossover arena. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. While the firms mostly won't be able to sell their shares until lockup periods expire . In addition to quarterly performance, we show annualized performance and the We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. 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). Join the more than 1.5 million industry professionals who get our daily newsletter! Akre Capital Management was founded in 1989 and is an asset management firm. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Link to 13F filings: SEC filings. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. # . 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. Currently, their heaviest sector is Technology making up 85.1% of Louis Bacon's: Moore Capital Management. Altimeter Capital Management's Performance. Hedge fund XN was one of 2020s largest new funds. public funds and serves as an expert long-term partner to companies as they enter the public markets. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. 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. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages OriginalWhaleScore Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. 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. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Our team will review your remarks prior to publishing. These symbols will be available throughout the site during your session. 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. Tweets. 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. 2021 Workweek Media Inc. All rights reserved. Boston, Massachusetts, 02110, Media. 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. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Fast forward seven years, and Gerstner has pretty much achieved his goal. Fintel . Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. 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. Easily, the highlight of the game for everyone was oddly the rain delay. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Altimeter Capital Management is an investment firm that operates within the technology sector. Venture firms netted handsome returns on paper for their early investments. All rights reserved. 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. Passing Through Joined January 2009. The firm's highlight investments in the past two years include Airbyte, Discord . Altimeter.com is Altimeters only website. "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. 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. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . 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. Create Email Alert, ***Log In or 82.9K Followers. The average market cap of the portfolio companies is close to $270 billion. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. returns for each quarter. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. 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. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Altimeter Capital Management LP. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Finance Department. the MV of securities sold, whichever is less, [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 seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. [2]: All rights reserved. Altimeter Capital has made 7 diversity investments. altimeter capital returnsstriped bark scorpion altimeter capital returns. to see more advanced email alert options such as selecting any type of How do I update this listing? Revenue. AGC is a SPAC which is a blank-check company. Type a symbol or company name. Sorry, no results has been found matching your query. 2. The total portfolio value may be much higher due to cash Eutelsat continues to provide satellite services to nearly 50% of Russias population, while OneWeb uses SpaceX to launch their satellites since Russias invasion of Ukraine. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. Altimeter is a leading technology-focused investment firm built by founders for founders. Question:Okay then. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Altimeter is a leading technology-focused investment firm built by founders for founders. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. 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. It was a blast. 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. Watch for disclosures from these smart money hedge funds. All rights reserved. Nothing on this website constitutes, or is meant to constitute, advice of any kind. . Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. 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. Personally, this means less time traveling and going to dinners but more time in nature and with his family. The article said Gerstner wanted to build a Venture Capital Empire. Bruce Berkowitz's: Fairholme Capital Management. These licenses may or may not be disclosed by the Content Creator in the Blog. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. This has significant impacts on both Brads personal life and Altimeters investing style. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Chase Coleman's: Tiger Global Management. Investors react to every move they make. 10.8% From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. David Einhorn's: Greenlight Capital. Ray Dalio's: Bridgewater Associates. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. 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. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Popular Searches. https://www.linkedin.com/company/altimeter-capital [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Warren Buffett's: Berkshire Hathaway. The information in this website is for general reference purposes and is subject to change without notice or update. 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. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. 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. Everyone thought he was crazy.. Hedge Fund Reasons they site: 1. 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. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! So, which sector is Kim most bullish about? 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. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. 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. Chuck manages $16.2 billion worth of assets and his portfolio has given average returns of 46.4% over a period of three years, on an annualized basis. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. 2023 CNBC LLC. 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. I think launching the fund wasnt actually crazy, but ratherbrilliant. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Overreacting during times of uncertainty. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. Altimeter Growth Corp's shares have gained 25% since listing. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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.