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Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. Warren Buffett's: Berkshire Hathaway. 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. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. The Content Creator or affiliates may trade for their own account(s) based on the information presented, and may also take positions inconsistent with the views expressed in its messages on the Blog. Tan Hooi Ling is a co-founder of Grab and the current COO. . altimeter capital returns; altimeter capital returns. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. public funds and serves as an expert long-term partner to companies as they enter the public markets. 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 Return to search. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . At 09/30/2022: $4,676,285. Map , San Francisco Written by For media inquiries, please contact press@altimeter.com. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter 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. 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. The total portfolio value may be much higher due to cash Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. You can reach the main office by . Gerstner has proven himself to be a world-class stock picker. and a top 10 holdings concentration of 99.95%. Quickly find out what the most recently closed or increased positions are. 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. Growth to continue post-pandemic? returns for each quarter. 706 Following. Altimeter Capital Management LLC. 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. containing a link to download the .zip file of the CSV file(s) you requested. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. They manage Phone Number (617) 310-6180. "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. 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. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. 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. Stocks with a size of more than $10 billion in market cap make up Founder - Altimeter Capital. Map , Boston The leading representative office of defined VC is situated in the Menlo Park. Luck befalls the curious mind. 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. San Francisco, CA 94105 Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. The information in the Blog constitutes the Content Creators own opinions. 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). 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. Counting life in days and acts of kindness. Compare against similar firms. "Some of these companies we buy have lower valuations and lower share prices than they did in March 2009," said James Rasteh, CIO of Coast. It sold the previously owned 1,155,613 shares for $138 million. Hedge Funds fall under the category of alternative investments. The article said Gerstner wanted to build a Venture Capital Empire. Join the more than 1.5 million industry professionals who get our daily newsletter! 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). The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. It sold the previously owned 1,155,613 shares for $138 million. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. In this article, we reviewed Brad Gerstner's biography and investment track record. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and Boston, MA 02110 In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. Care to explain? On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. The IRR is equivalent to the Compound SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. 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. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Get our editors daily picks straight in your inbox! The largest investments include Snowflake and Microsoft, together worth $2.82 billion. I was intrigued by this idea of public market investors also doing private market investing. As of 8th August 2022, Altimeter Capital Management, L.P.s top holding is 17,001,796 shares of Snowflake currently worth over $2.36 billion and making up 54.7% of the portfolio value. 2021 Workweek Media Inc. All rights reserved. Over the last three years, Meta has also dramatically increased its capital expenses. 10.8% You must have a subscription to view WhaleScore histories. Kims portfolio has gained a whopping 569.2% since 2013. . Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at $3,933,007,000 after purchasing an additional 17,541,796 shares during the last quarter. 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. 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. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Altimeter Capital. Unlike an ordinary SPAC . Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Currently, their heaviest sector is Technology making up 85.1% of [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. 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. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. 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. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. 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.. The music was electric and fans were dancing on the big screen. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. It was a blast. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. 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 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. The stocks discussed may be volatile and illiquid. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. Want to get these in your inbox to never miss an edition? Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. The majority of the companies in the funds portfolio are large-cap stocks. Brad Gerstner's Tweets. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Altimeter Growth Corp's shares have gained 25% since listing. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . Link to 13F filings: SEC filings. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. In addition to quarterly performance, we show annualized performance and the . Altimeter Capital has made 91 investments. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. $6.9 M. It doesn't run an office outside of the United States. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. TipRanks->. 2015-2023 Fintel Ventures LLC. Silicon Valley Download 13F Summary What jumps out to you the most about Altimeters journey? Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. 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. These licenses may or may not be disclosed by the Content Creator in the Blog. Description. 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). Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Data is a real-time snapshot *Data is delayed at least 15 minutes. Annualized Growth Rate (CAGR). I am not kidding. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Brad Gerstner Bio, Returns, AUM, Net Worth. Question:Was there one take that you felt that Brad made that was particularly interesting? [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. It is important here to also look at the Sharpe ratio, which stands at 8.96. Investment Advisor Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. 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. 64% of the total holdings value. [2]: News Briefs. "On . 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. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Trading in such securities can result in immediate and substantial losses of the capital invested. 2023 PitchBook. Altimeter.com is Altimeters only website. Let me know what you thought by replying back to this email. Altimeter.com is Altimeter's only website. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. 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). All rights reserved. Hedge Fund 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? 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.