Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. Link to 13F filings: SEC filings. How do I update this listing? [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. . 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. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Type a symbol or company name. Altimeter. 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). [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Altimeter Capital. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. 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). Akre Capital Management was founded in 1989 and is an asset management firm. Phone Number (617) 310-6180. Care to explain? 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. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Easily, the highlight of the game for everyone was oddly the rain delay. 2021 Workweek Media Inc. All rights reserved. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. 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%. We focus only on the top 10 holdings. At 09/30/2022: $4,676,285. You must have a subscription to view WhaleScore histories. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. On this Wikipedia the language links are at the top of the page across from the article title. Everyone thought he was crazy.. A new $450M tech SPAC. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. Thank you and soon you will hear from one of our Attorneys. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in The managers portfolio has a Sharpe ratio of 7.98. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Personally, this means less time traveling and going to dinners but more time in nature and with his family. Win whats next. 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. 71.4% of the portfolio companies Silicon Valley Copyright 2023 Altimeter Capital. 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. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. 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. 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. This website is not an offer to, or solicitation of, any potential clients or investors for any . Altimeter is a leading technology-focused investment firm built by founders for founders. This will schedule a job to export all requested 13f holdings data for this filer. 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. With SNOW currently trading at $242, that stake is now worth $8.8 billion. They manage older whippets for rehoming 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) . Altimeter LLC. Overreacting during times of uncertainty. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Fast forward seven years, and Gerstner has pretty much achieved his goal. Boston, MA 02110 91. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Seeking profits from 13D & 13G filings? However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! The fund focuses on investments in the United States as Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. 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 . 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. 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. Altimeter takes a deep fundamental approach to security analysis. It doesn't run an office outside of the United States. # . They did not look at something as public or private investment. Tweets. 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 . Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. The information in this website is for general reference purposes and is subject to change without notice or update. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. 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. Performance We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Create your Watchlist to save your favorite quotes on Nasdaq.com. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Suite 4610 . The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Revenue. 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. Alt Turnover is calculated by taking either the total MV of new purchases or San Francisco, CA 94105 Contact Email info@altimeter.com. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. 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. Investor Performance. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Altimeter Capital Management's Performance. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. To the extent any of the information contained in the Blog may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. View the latest funds and 13F holdings. Shrilekha Pethe for Copy and paste multiple symbols separated by spaces. Hedge Fund The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. 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. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Menlo Park, CA 94025 Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. 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. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Map , San Francisco If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. privacy policy or contact Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. 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. Get this delivered to your inbox, and more info about our products and services. 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. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Read full disclaimer >. This website is provided as is without any representations or warranties, express or implied. Equal-WTWhaleScore 2.0 That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. Counting life in days and acts of kindness. Fintel is a registered trademark. [1]: This has significant impacts on both Brads personal life and Altimeters investing style. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Popular Searches. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. TipRanks->. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Altimeter Capital has made 7 diversity investments. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. In contrast, the S&P 500 stock index has gained 290.9%. 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. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. 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. 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. Suite 150 for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. 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). Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. He founded a technology-focused investment firm called Altimeter Capital in 2008. Let me know what you thought by replying back to this email. ? This means they effectively own approximately 0.1% of the company. 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. 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. What jumps out to you the most about Altimeters journey? ? 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. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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. Subscribe to WhaleWisdom to view all filing data Venture firms netted handsome returns on paper for their early investments. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. 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. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . 10.8% It was a blast. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. Investor Type Hedge Fund, Venture Capital. You are limited to the prior 8 quarters of 13F filings. "On . Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. It sold the previously owned 1,155,613 shares for $138 million. Altimeter CapitalAltimeter CapitalAltimeter Capital Likes. Brad Gerstner. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. It sold the previously owned 1,155,613 shares for $138 million. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Currently, their heaviest sector is Technology making up 85.1% of Ault Global disclosed a 9.96% position in NTN Buzztime. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Brad Gerstner's Tweets. https://www.linkedin.com/company/altimeter-capital Altimeter manages a variety of venture and See you in your inbox every Monday and Thursday. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Altimeter Capital 's most notable exits include . The article said Gerstner wanted to build a Venture Capital Empire. 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. The fund has exact preference in some . 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. Got a confidential news tip? The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. the MV of securities sold, whichever is less, When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Gerstner has proven himself to be a world-class stock picker. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Boston, Massachusetts, 02110, In this article, we reviewed Brad Gerstner's biography and investment track record. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Altimeter Capital Management General Information. Answer:Overwhelmed, but not why you might think. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. regarding PitchBook Data's products. Altimeter is a leading technology-focused investment firm built by founders for founders. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. 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. Altimeter Capital Management is based out of Boston. Get our editors daily picks straight in your inbox! HONG KONG (AP) Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. Map . Its first private fund was closed in 2013. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. Views here personal. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. email address below and choose 'Submit'. 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. divided by the total MV of the fund. Meta Platforms Inc makes up Kims portfolio has gained a whopping 569.2% since 2013. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Watch for disclosures from these smart money hedge funds. 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. Want to get these in your inbox to never miss an edition? 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. 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? 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. 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. "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.". Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. 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 Capital is in talks with ride . On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Is a crash imminent? . Altimeter Capital Chair and CEO Brad Gerstner said in an open letter to the company and CEO Mark Zuckerberg on Monday that Meta has too many employees and is moving too slowly to retain the confidence of investors. An additional office of the firm is in Menlo Park, CA. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). ISRO (Indian Space Research Organisation) has provided the small satellite bus platform to which French national space agency CNES payload composed of ARGOS-3 and Altika instruments (altimeter, radiometer, DORIS, LRA) are integrated. The IRR is equivalent to the Compound You can expect to hear more about Brad and some of his investments soon in The Crossover! Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. altimeter capital returns; altimeter capital returns. Required fields not completed correctly. Growth to continue post-pandemic? Altimeter SPAC goes public. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. Stocks with a size of more than $10 billion in market cap make up refer to our The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Numerous financial news websites and stock market participants call activist investors vultures, who aim to extract short-term benefits at the expense of companies long-term performance. 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. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. The . Hedge Fund and Insider Trading News: Altimeter Capital, Third Point LLC, Bridgewater Associates, Schonfeld Strategic Advisors, Brevan Howard Asset Management, Nordic Cross Asset Management, Lockheed Martin Corporation (LMT), DICE Therapeutics, Inc. (DICE), and More, Hedge Fund and Insider Trading News: Brad Gerstner, Dmitry Balyasny, Steve Cohen, Regal Funds Management, Fullerton Fund Management, FC Capital, Herbalife Nutrition Ltd (HLF), and More, Brad Gerstner is Talking About These 10 Stocks, Top Tech Stocks to Buy Today According to Brad Gerstner's Altimeter Capital Management, Hedge Fund and Insider Trading News: Citadel LLC, Argonaut Capital, Odey Asset Management, Altimeter Capital, Tiger Global Management, RingCentral Inc (RNG), Liveramp Holdings Inc (RAMP), and More, United Continental Holdings Inc (UAL), Centurylink Inc (CTL), More: 8 Huge Ideas We Saw At The Sohn Conference, Tableau Software Inc (DATA): Hedge Funder Brad Gerstner Is Betting Big, 140 Biggest and Most Famous Activist Hedge Funds. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. Media. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the .

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