2015-2023 Fintel Ventures LLC. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. These symbols will be available throughout the site during your session. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. 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. Phone Number (617) 310-6180. You can reach the main office by . (Clickhereto subscribe to the Delivering Alpha newsletter.). Altimeter Capital now has $5.92 billion under management in 27 different holdings with 97.62% allocated to the top 20 holdings in its hedge fund portfolio. 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. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. Question:Okay then. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. 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. 71.4% of the portfolio companies The total portfolio value may be much higher due to cash 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. Personally, this means less time traveling and going to dinners but more time in nature and with his family. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. "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. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. Investors believe they can predict the future. Copy and paste multiple symbols separated by spaces. 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. 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. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. AGC is a SPAC which is a blank-check company. 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. 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. 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. ? Back in 2013, Bloomberg ran a profile of Brad Gerstner's Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Altimeter.com is Altimeters only website. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say, David Einhorn on his winning short 'bubble basket' strategy that he's continuing, Stock pickers continue to shine after a better year and here are their favorite names in 2023. Question:Was there one take that you felt that Brad made that was particularly interesting? 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. Link to 13F filings: SEC filings. Then theres Snowflake (SNOW). Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Sign-up [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Brad Gerstner. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Gaurav Kapadia is off to an impressive start. Altimeter Capital. Annualized Growth Rate (CAGR). Luck befalls the curious mind. 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. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. 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. 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. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Sorry, no results has been found matching your query. One International Place, 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 . The article said Gerstner wanted to build a Venture Capital Empire. Founder - Altimeter Capital. All rights reserved. He is bullish on both, which to many could see as being contradicting. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Altimeter Capital Management's Performance. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Do Not Sell My Personal Information (CA Residents Only). Kultura Capital Management is being structured as a hybrid fund that will focus on late-stage tech startups as well as public companies, the person said. returns for each quarter. 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) . Louis Bacon's: Moore Capital Management. 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 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. The music was electric and fans were dancing on the big screen. Boston, Massachusetts, 02110, Answer:Overwhelmed, but not why you might think. 64% of the total holdings value. 535 Mission Street, At 12/31/2022: $3,652,571. 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. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. ? The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 2550 Sand Hill Road, [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. Thank you and soon you will hear from one of our Attorneys. In contrast, the S&P 500 stock index has gained 290.9%. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Ray Dalio's: Bridgewater Associates. The companies may have limited operating histories, little available public information. Altimeter Capital has had 22 exits. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. About. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Description. 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. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). 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. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. 2023 PitchBook. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. 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. Altimeter Capital is the famous VC, which was founded in 2008. Popular Searches. Reasons they site: 1. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. Altimeter is a leading technology-focused investment firm built by founders for founders. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. You must have a subscription to view WhaleScore histories. This website is not an offer to, or solicitation of, any potential clients or investors for any . 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 Management General Information. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. Written by Map , San Francisco Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities All rights reserved. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. to see more advanced email alert options such as selecting any type of Hedge Funds fall under the category of alternative investments. Chase Coleman's: Tiger Global Management. Map . Gerstner has proven himself to be a world-class stock picker. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). Altimeter Growth Corp's shares have gained 25% since listing. 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. 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. Past performance is not an indication of future results. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. $4.33 billion and $4.33 billion respectively. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). The average market cap of the portfolio companies is close to $270 billion. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. or to simply have an email sent to you whenever we receive a new https://www.linkedin.com/company/altimeter-capital 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. The fund focuses on investments in the United States as 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. The best time to launch a fund is after a serious market correction & when there is serious uncertainty in the air even though it will likely be and feel the hardest time to do so. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. The Boston-based firm held more than 36 million shares in the cloud data . Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Thanks for the read! The article said Gerstner wanted to build a Venture Capital Empire. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. All rights reserved. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year.