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. They manage Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. See you in your inbox every Monday and Thursday. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. To calculate this, we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and returns for each quarter. email address below and choose 'Submit'. Required fields not completed correctly. 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. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and Likes. About. 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. 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. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. Altimeter SPAC goes public. Suite 150 When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The article said Gerstner wanted to build a Venture Capital Empire. Everyone always talks about the new FinTech companies on the scene, but. Want to get these in your inbox to never miss an edition? 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. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. 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. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. So, which sector is Kim most bullish about? refer to our Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. 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 was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! 3. Subscribe to WhaleWisdom to view all filing data Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? 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. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. The managers portfolio has a Sharpe ratio of 7.98. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Views here personal. Overreacting during times of uncertainty. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. You can reach the main office by . Ideal for intelligent investors with $50,000+ portfolios. What jumps out to you the most about Altimeters journey? Investing in the investments discussed in the Blog may be risky and speculative. Download 13F Summary [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. S&P 500WhaleScore 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. or to simply have an email sent to you whenever we receive a new Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. 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 . 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 . Personally, this means less time traveling and going to dinners but more time in nature and with his family. Unlike an ordinary SPAC . They did not look at something as public or private investment. 10.8% Win whats next. 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. 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. The hedge fund managers portfolio has given annualized average returns of 58.4% in the past three years, and Kim currently manages assets worth $569.8 million. OriginalWhaleScore In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in Popular Searches. The stocks discussed may be volatile and illiquid. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Louis Bacon's: Moore Capital Management. 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. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Answer:Unbelievably well. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Boston, Massachusetts, 02110, Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. 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. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Plan. 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. Catherine Woods fund seeks out Disruptive Innovation.. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. 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. 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. 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. The leading representative office of defined VC is situated in the Menlo Park. Seeking profits from 13D & 13G filings? Investor Type Hedge Fund, Venture Capital. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Phone Number (617) 310-6180. Normally $755/year for everything included. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. 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). Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Our team will review your remarks prior to publishing. I am not kidding. It doesn't run an office outside of the United States. to see more advanced email alert options such as selecting any type of Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Copyright 2023 Altimeter Capital. . Read full disclaimer >. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Brad Gerstner is an American investor and entrepreneur. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. [1]: We make money even in declining markets.". 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. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. At 09/30/2022: $4,676,285. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. It sold the previously owned 1,155,613 shares for $138 million. 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. All text and design is copyright 2020 WhaleWisdom.com. 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. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Type a symbol or company name. 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. . Thats nearly 2.2x the annual return of the S&P 500 over that period. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. He is bullish on both, which to many could see as being contradicting. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. According to the last 13-F report filed with the SEC, Mara Davis serves as the Chief Compliance Officer at Altimeter Capital Management, L.P.. 71.4% of the portfolio companies divided by the total MV of the fund. "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.". Performance numbers calculated through 2023-02-14. privacy policy or contact 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Everything in Dividend Ideas. I think launching the fund wasnt actually crazy, but ratherbrilliant. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Annualized Growth Rate (CAGR). The firm focuses on technology investments in both public and private markets globally. One International Place, Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. The majority of the companies in the funds portfolio are large-cap stocks. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. TipRanks->. Altimeter manages a long / short public equity fund and private growth equity funds. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Altimeter Capital Management General Information. View the latest funds and 13F holdings. While the firms mostly won't be able to sell their shares until lockup periods expire . These symbols will be available throughout the site during your session. 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. Altimeter is a leading technology-focused investment firm built by founders for founders. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. 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. None of the information contained in the Blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person.