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. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. The . Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. [11] United Continental Holdings eventually gave in and changed its board of directors. Altimeter is a leading technology-focused investment firm built by founders for founders. Then theres Snowflake (SNOW). 535 Mission Street, Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Meta Platforms Inc makes up Hedge Fund , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. The Boston-based firm held more than 36 million shares in the cloud data . Per Altimeter's website: Altimeter Capital is a global investment . Investor Performance. All rights reserved. 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%. Copy and paste multiple symbols separated by spaces. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. 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. AGC is a SPAC which is a blank-check company. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Here are the 10 most popular hedge fund managers in WhaleWisdom. For media inquiries, please contact press@altimeter.com. At 09/30/2022: $4,676,285. 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. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. 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. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Question:Was there one take that you felt that Brad made that was particularly interesting? Altimeter LLC. Altimeter is a leading technology-focused investment firm built by founders for founders. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. David Einhorn's: Greenlight Capital. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. The music was electric and fans were dancing on the big screen. ? 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. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. 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. With SNOW currently trading at $242, that stake is now worth $8.8 billion. All rights reserved. Altimeter Capital employs 13 employees. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. 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. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. 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. . Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Passing Through Joined January 2009. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. 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. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. The fund was located in North America if to be more exact in United States. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). [1]: Altimeter.com is Altimeter's only website. "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. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. 3. "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.". TipRanks->. Download 13F Summary Altimeter Capital Management General Information. us for more details. altimeter capital returns; altimeter capital returns. Steven Cohen's: Point72 Asset Management. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. The stocks discussed may be volatile and illiquid. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. 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. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. While the firms mostly won't be able to sell their shares until lockup periods expire . Views here personal. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Copyright 2023 Altimeter Capital. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. This has significant impacts on both Brads personal life and Altimeters investing style. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. 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. Number of Exits 22. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Get Contact Info for All Departments. regarding PitchBook Data's products. Akre Capital Management was founded in 1989 and is an asset management firm. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The author of this piece and/or members of Workweek media could be invested in companies discussed. Written by The bullishness on TikTok is obvious, but Meta not so much. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . 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. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Watch for disclosures from these smart money hedge funds. 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? Subscribe to The Crossover today! The firm focuses on technology investments in both public and private markets globally. 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. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Eutelsat continues to provide satellite services to nearly 50% of Russias population, while OneWeb uses SpaceX to launch their satellites since Russias invasion of Ukraine. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. It sold the previously owned 1,155,613 shares for $138 million. Type a symbol or company name. Everything in Dividend Ideas. One International Place, Luck befalls the curious mind. 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.. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. One International Place Suite 2400. I was intrigued by this idea of public market investors also doing private market investing. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Gaurav Kapadia is off to an impressive start. public funds and serves as an expert long-term partner to companies as they enter the public markets. Venture firms netted handsome returns on paper for their early investments. This will schedule a job to export all requested 13f holdings data for this filer. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. I think launching the fund wasnt actually crazy, but ratherbrilliant. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Stocks with a size of more than $10 billion in market cap make up Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . There are currently 14 companies in Mrs. Daviss portfolio. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Altimeter manages a variety of venture and Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Menlo Park, CA 94025 [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. . This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). All Rights Reserved. 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. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. Buying high. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. containing a link to download the .zip file of the CSV file(s) you requested. altimeter capital returnsstriped bark scorpion altimeter capital returns. This means they effectively own approximately 0.1% of the company. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Altimeter takes a deep fundamental approach to security analysis. Want to get these in your inbox to never miss an edition? In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your returns for each quarter. Founder - Altimeter Capital. Attached below are some of the articles and podcasts I used to help put this piece together! On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. ? Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities and a top 10 holdings concentration of 99.95%. All rights reserved. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Tan Hooi Ling is a co-founder of Grab and the current COO. Answer:Yes way and quite a few of them. You can reach the main office by . 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. Altimeter Growth Corp's shares have gained 25% since listing. 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. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. 2550 Sand Hill Road, The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. To calculate this, Ray Dalio's: Bridgewater Associates. 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. Long-time Wayfair insider bought $13.6M of W on the open market. 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. Hedge Funds fall under the category of alternative investments. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Kims portfolio has gained a whopping 569.2% since 2013. Altimeter CapitalAltimeter CapitalAltimeter Capital 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. Create Email Alert, ***Log In or When completed, an email will be sent to the email address you specify Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. 2015-2023 Fintel Ventures LLC. "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. This means they effectively own approximately 0.1% of the company. Answer:Unbelievably well. 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 . 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. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. To put that in perspective, excluding your large . [2]: Later in 2013, Brad looked to continue to capitalize off his success and launched . Tweets & replies. 706 Following. 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. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Finance Department. 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). Our team will review your remarks prior to publishing. Brad Gerstner Bio, Returns, AUM, Net Worth. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. 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. You are limited to the prior 8 quarters of 13F filings. and a top 10 holdings concentration of 99.95%. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. . Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . 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. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. 2023 CNBC LLC. 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. You must have a subscription to view WhaleScore histories. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Answer:Overwhelmed, but not why you might think. 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. In addition to quarterly performance, we show annualized performance and the