Copyright 2023 Altimeter Capital. 82.9K Followers. regarding PitchBook Data's products. 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. "On . Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Reasons they site: 1. These positions were updated on August 15th based on the funds latest 13F filing. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. 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. Question:How did the investment playout? Suite 150 These symbols will be available throughout the site during your session. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. 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. 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. You must have a subscription to view WhaleScore histories. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. You can expect to hear more about Brad and some of his investments soon in The Crossover! Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. 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. Investing in the investments discussed in the Blog may be risky and speculative. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. 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. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. divided by the total MV of the fund. "If you owned growth stocks this year - like we did at Altimeter - you got your face ripped off," Altimeter Capital's CEO Gerstner said in a Twitter post Thursday. 535 Mission Street, [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. All rights reserved. Meta (META): Activist Investor Calling for Layoffs and Capex Cuts It sold the previously owned 1,155,613 shares for $138 million. Top 10 Stocks Held By Altimeter Capital Management LP S&P 500WhaleScore When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? 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. Home : Altimeter As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. All rights reserved. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Map , Boston Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Copy and paste multiple symbols separated by spaces. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Win whats next. Read full disclaimer >. 2. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. With SNOW currently trading at $242, that stake is now worth $8.8 billion. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. ? Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. The managers portfolio has a Sharpe ratio of 7.98. Altimeter Capital Fund Manager Profile | Preqin 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. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Altimeter is a leading technology-focused investment firm built by founders for founders. 2021 Workweek Media Inc. All rights reserved. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker Altimeter Growth Corp's shares have gained 25% since listing. 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. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . Trading in such securities can result in immediate and substantial losses of the capital invested. All rights reserved. 91. This has significant impacts on both Brads personal life and Altimeters investing style. Per Altimeter's website: Altimeter Capital is a global investment . 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. 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. 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. The author of this piece and/or members of Workweek media could be invested in companies discussed. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Brad Gerstner. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. Altimeter Capital Management is based out of Boston. If you require advice in relation to any financial matter you should consult an appropriate professional. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Subscribe to The Crossover today! Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. The music was electric and fans were dancing on the big screen. 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). Current Brad Gerstner Portfolio: Altimeter Capital - New Trader U Grab to list in US via $40 bln merger with Altimeter Growth Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Link to 13F filings: SEC filings. 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. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. 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. Essentialism is a concept byGreg Mckeownthat emphasizes the idea of not stretching yourself too thin, and rather focusing on doing less and enriching what you choose to spend your time on. Seeking profits from 13D & 13G filings? Number of Exits 22. Altimeter Capital - Free Partner Email & Investor Profile Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Subscribe to WhaleWisdom to view all filing data Later in 2013, Brad looked to continue to capitalize off his success and launched . 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. It doesn't run an office outside of the United States. the total portfolio value. Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. Altimeter Capital has made 7 diversity investments. Altimeter Capital - Crunchbase Investor Profile & Investments 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. Altimeter Capital - Investments, Portfolio & Company Exits - Crunchbase Altimeter Capital 53 Portfolio companies, 81 Investments, Team . Thats nearly 2.2x the annual return of the S&P 500 over that period. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI).

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