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The firm focuses on technology investments in both public and private markets globally. Suite 4610 Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Overreacting during times of uncertainty. Easily, the highlight of the game for everyone was oddly the rain delay. Altimeter Capital Management is based out of Boston. I was intrigued by this idea of public market investors also doing private market investing. You can reach the main office by . It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Link to 13F filings: SEC filings. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Tan Hooi Ling is a co-founder of Grab and the current COO. Investor Type Hedge Fund, Venture Capital. 10.8% older whippets for rehoming The stocks discussed may be volatile and illiquid. To put that in perspective, excluding your large . Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Type a symbol or company name. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. The article said Gerstner wanted to build a Venture Capital Empire. 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. This website is not an offer to, or solicitation of, any potential clients or investors for any . The author of this piece and/or members of Workweek media could be invested in companies discussed. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Personally, this means less time traveling and going to dinners but more time in nature and with his family. Bruce Berkowitz's: Fairholme Capital Management. (Clickhereto subscribe to the Delivering Alpha newsletter.). 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. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. ? On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. The total portfolio value may be much higher due to cash In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. All rights reserved. Counting life in days and acts of kindness. The Boston-based firm held more than 36 million shares in the cloud data . A new $450M tech SPAC. How do I update this listing? This will schedule a job to export all requested 13f holdings data for this filer. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. To screen for upcoming or past SPAC . [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. 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%. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Gaurav Kapadia is off to an impressive start. [11] United Continental Holdings eventually gave in and changed its board of directors. Investors react to every move they make. 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. Passing Through Joined January 2009. 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. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. The bullishness on TikTok is obvious, but Meta not so much. [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . News Briefs. Altimeter.com is Altimeters only website. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). I am not kidding. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. 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. TL;DR: Eutelsat Communications SA, a French satellite operator, and OneWeb, a UK satellite operator are set to combine in an all-share deal valuing OneWeb at $3.4 billion, a step toward creating a European champion to rival the likes of Elon Musks SpaceX. Altimeter CapitalAltimeter CapitalAltimeter Capital Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Boston, MA 02110 Buying high. These positions were updated on August 15th based on the funds latest 13F filing. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. refer to our 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. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. . Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Is a crash imminent? and a top 10 holdings concentration of 99.95%. Answer:Easily the origins of the fund. So, without further ado, using TipRanks data, here are some of the top-ranked hedge fund managers from some of the Best Hedge Funds 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. Our team will review your remarks prior to publishing. It sold the previously owned 1,155,613 shares for $138 million. 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). Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). This website is provided as is without any representations or warranties, express or implied. 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 , Boston [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate For media inquiries, please contact press@altimeter.com. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Currently, their heaviest sector is Technology making up 85.1% of To calculate this, The companies may have limited operating histories, little available public information. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. The information in the Blog constitutes the Content Creators own opinions. Stocks with a size of more than $10 billion in market cap make up Altimeter LLC. 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. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. That would make it the largest SPAC merger ever, more than [] Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. Later in 2013, Brad looked to continue to capitalize off his success and launched . 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. Performance numbers calculated through 2023-02-14. 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. 706 Following. 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. With SNOW currently trading at $242, that stake is now worth $8.8 billion. Return to search. Altimeter Capital employs 13 employees. Win whats next. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. He founded a technology-focused investment firm called Altimeter Capital in 2008. Akre Capital Management was founded in 1989 and is an asset management firm. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). ? Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. In addition to quarterly performance, we show annualized performance and the 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. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. Shrilekha Pethe for 82.9K Followers. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. 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. San Francisco, CA 94105 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. Founder - Altimeter Capital. 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? 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 . This means they effectively own approximately 0.1% of the company. 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. Compare against similar firms. 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. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Headquarters Location. 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. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Altimeter Growth Corp's shares have gained 25% since listing. 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. Equal-WTWhaleScore 2.0 S&P 500WhaleScore Thank you and soon you will hear from one of our Attorneys. 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. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Venture firms netted handsome returns on paper for their early investments. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Chase Coleman's: Tiger Global Management. Download 13F Summary 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Let me know what you thought by replying back to this email. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Sorry, no results has been found matching your query. Luck befalls the curious mind. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead.