Answer:Easily the origins of the fund. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. or to simply have an email sent to you whenever we receive a new Reasons they site: 1. Contact Email info@altimeter.com. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Suite 4610 However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! containing a link to download the .zip file of the CSV file(s) you requested. 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. 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. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. Altimeter Capital Management LP. 91. 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. "On . 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. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Gaurav Kapadia is off to an impressive start. . The Sohn Investment Conference, one of the biggest hedge fund gatherings of the year, took place yesterday in New York, with Bill Ackman, David Einhorn, Keith Meister, and Larry Robbins among the hedge Brad Gerstner's Altimeter Capital disclosed a 5.1% stake inTableau Software Inc (NYSE:DATA). When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. An additional office of the firm is in Menlo Park, CA. $499/Year. Altimeter Capital Management is an investment firm that operates within the technology sector. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. The majority of the companies in the funds portfolio are large-cap stocks. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. [11] United Continental Holdings eventually gave in and changed its board of directors. In addition to quarterly performance, we show annualized performance and the On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. 2021 Workweek Media Inc. All rights reserved. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. Altimeter.com is . 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Copy and paste multiple symbols separated by spaces. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Boston, Massachusetts, 02110, Create Email Alert, ***Log In or Brad Gerstner is an American investor and entrepreneur. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Growth to continue post-pandemic? Overreacting during times of uncertainty. Altimeter CapitalAltimeter CapitalAltimeter Capital Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say, David Einhorn on his winning short 'bubble basket' strategy that he's continuing, Stock pickers continue to shine after a better year and here are their favorite names in 2023. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. The leading representative office of defined VC is situated in the Menlo Park. 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. Likes. Easily, the highlight of the game for everyone was oddly the rain delay. This website is not an offer to, or solicitation of, any potential clients or investors for any . The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. 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. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. The bullishness on TikTok is obvious, but Meta not so much. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. While the firms mostly won't be able to sell their shares until lockup periods expire . Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. the MV of securities sold, whichever is less, The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Altimeter said annual free cash flow can be doubled to $40 billion if it cut headcount by at least 20%, trimmed capital expenditure by at least $5 billion to $25 billion a year and capped annual . Description. Altimeter LLC. Altimeter Capital employs 13 employees. [2] The firm focuses on technology investments in both public and private markets globally. Plan. 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. Is a crash imminent? When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? Thank you and soon you will hear from one of our Attorneys. 64% of the total holdings value. the total portfolio value. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. It sold the previously owned 1,155,613 shares for $138 million. Map , San Francisco Altimeter Capital 's most notable exits include . Sign-up Counting life in days and acts of kindness. Question:How did the investment playout? A new $450M tech SPAC. Kims portfolio has gained a whopping 569.2% since 2013. 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. I was intrigued by this idea of public market investors also doing private market investing. Here are the 10 most popular hedge fund managers in WhaleWisdom. The firm focuses on technology investments in both public and private markets globally. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. 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. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. So, which sector is Kim most bullish about? 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. News Briefs. and a top 10 holdings concentration of 99.95%. Ray Dalio's: Bridgewater Associates. Trading in such securities can result in immediate and substantial losses of the capital invested. Altimeter SPAC goes public. 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. This will schedule a job to export all requested 13f holdings data for this filer. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . The average market cap of the portfolio companies is close to $270 billion. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. The fund focuses on investments in the United States as On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. Type a symbol or company name. . Annualized Growth Rate (CAGR). 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. The total portfolio value may be much higher due to cash ? Thats nearly 2.2x the annual return of the S&P 500 over that period. Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. There are 3 reasons why Altimeter is a believer in Meta: There is a wealth of lessons to be learned from Brad Gerstner & Altimeters journey. The information in this website is for general reference purposes and is subject to change without notice or update. 2023 PitchBook. Want to get these in your inbox to never miss an edition? The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. 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. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. Copyright 2023 Altimeter Capital. Menlo Park, CA 94025 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. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. How do I update this listing? Louis Bacon's: Moore Capital Management. Fintel . The firm's highlight investments in the past two years include Airbyte, Discord . Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. He also served as a co-CEO of a travel company called National Leisure Group. SEC form, multiple filers or classes of filers, and much more.***. The music was electric and fans were dancing on the big screen. 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). Popular Searches. Answer:Unbelievably well. 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. 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. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. Investors react to every move they make. Join the more than 1.5 million industry professionals who get our daily newsletter! They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. 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. You must have a subscription to view WhaleScore histories. (Clickhereto subscribe to the Delivering Alpha newsletter.). Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. Phone Number (617) 310-6180. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. Alt Turnover is calculated by taking either the total MV of new purchases or altimeter capital returnsstriped bark scorpion altimeter capital returns. Normally $755/year for everything included. 2. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. [1]: 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. altimeter capital returns. AGC is a SPAC which is a blank-check company. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. Brad Gerstner. He founded a technology-focused investment firm called Altimeter Capital in 2008. Founder - Altimeter Capital. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. 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. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. Akre Capital Management was founded in 1989 and is an asset management firm. 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. 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. Hedge fund XN was one of 2020s largest new funds. 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. Ault Global disclosed a 9.96% position in NTN Buzztime. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Bill Ackman's: Pershing Square Capital Management. I am not kidding. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Quickly find out what the most recently closed or increased positions are. Altimeter.com is Altimeters only website. These licenses may or may not be disclosed by the Content Creator in the Blog. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Investment Advisor 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. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. 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. Ideal for intelligent investors with $50,000+ portfolios. These positions were updated on August 15th based on the funds latest 13F filing. Our team will review your remarks prior to publishing. Buying high. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. From a report: The Meta investor recommends a plan to get the company's "mojo back" including reducing headcount expenses by 20% and limiting the company's pricey investments in . . Headquarters Location. Please 82.9K Followers. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. 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. Altimeter Capital Management is based out of Boston. Investing in the investments discussed in the Blog may be risky and speculative. The fund was located in North America if to be more exact in United States.