Altimeter Capital 53 Portfolio companies, 81 Investments, Team . The largest investments include Snowflake and Microsoft, together worth $2.82 billion. Altimeter Growth Corp's shares have gained 25% since listing. Chase Coleman's: Tiger Global Management. Altimeter manages a variety of venture and It doesn't run an office outside of the United States. Following Alpha: Altimeter Capital - Q4 2015 Review "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. email address below and choose 'Submit'. 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. Grab to list in US via $40 bln merger with Altimeter Growth Personally, this means less time traveling and going to dinners but more time in nature and with his family. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. October 25th, 2022 - Hedge Funds Insider Trading, May 12th, 2022 - Hedge Funds Insider Trading, November 25th, 2020 - Hedge Funds Insider Trading, May 9th, 2017 - Hedge Funds Market Movers News. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. "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. Altimeter Capital - Crunchbase Investor Profile & Investments Trian Fund Management was founded in 2005 and is a highly engaged shareowner that combines concentrated public equity ownership with operational expertise, according to the company's website. . The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Annualized Growth Rate (CAGR). . The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. With SNOW currently trading at $242, that stake is now worth $8.8 billion. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. The firm focuses on technology investments in both public and private markets globally. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Meta (META): Activist Investor Calling for Layoffs and Capex Cuts Altimeter | LinkedIn Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. The fund focuses on investments in the United States as 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. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker What jumps out to you the most about Altimeters journey? A Recession Is Already Here, Hedge Fund Manager Says When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Return to search. Data is a real-time snapshot *Data is delayed at least 15 minutes. Copy and paste multiple symbols separated by spaces. ALTIMETER CAPITAL MANAGEMENT, LP SC 13G/A Filing Concerning SNOW on At 12/31/2022: $3,652,571. 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? Altimeter Capital Management is based out of Boston. Altimeter Capital Management General Information. Altimer Capital Custom tailored debt financing solutions Altimeter Capital Management Team | Org Chart to see more advanced email alert options such as selecting any type of Written by Growth to continue post-pandemic? Among the most successful fund investment fields, there are Marketplace, Cloud Computing. 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. Tweets & replies. So, which sector is Kim most bullish about? regarding PitchBook Data's products. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. 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. Fast forward seven years, and Gerstner has pretty much achieved his goal. ? Welcome to Sure Dividend - Sure Dividend A look at the hedge funds managers portfolio activity indicates that Microsoft (MSFT) makes up 9.3% of the portfolio, followed by Amazon (AMZN) and Aon (AON) at 8.8% and 8.5%, respectively. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. ALTIMETER CAPITAL MANAGEMENT, LP Total Shares: 25,784,379 Subject Company: Snowflake, Inc. - View Complete Ownership History Backtest Filed as of Date: 06/21/2021: Event Date: 06/10/2021: Overall % Ownership: 8.72: Theoretical performance if you bought this security on the day the filing was released. Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Investor Type Hedge Fund, Venture Capital. us for more details. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Investor Performance. 71.4% of the portfolio companies Instead of doing a classic profile on the fund, I thought I would do something we will call Alans Angle, inspired by the greatTerry Plutos, Terrys Talkin a style where he writes as if he is interviewing himself! Fast forward seven years, and Gerstner has pretty much achieved his goal. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. Investment Advisor Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Altimeter is a leading technology-focused investment firm built by founders for founders. "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.". Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million Its first private fund was closed in 2013. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Catherine Woods fund seeks out Disruptive Innovation.. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. All rights reserved. United Stockholders Altimeter Capital and PAR Capital Announce Proxy Investors react to every move they make. Usually, a Sharpe ratio of more than 1 is considered good, while a ratio that is below 1 should be judged based on the investment strategy used. 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. ? Login : Altimeter Warren Buffett's: Berkshire Hathaway. 2023 CNBC LLC. Current Brad Gerstner Portfolio: Altimeter Capital - New Trader U For more information, please call (617) 310-6180 or email IR@altimeter.com. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. altimeter capital returns If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Altimeter Capital Management LP. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Later in 2013, Brad looked to continue to capitalize off his success and launched . Altimeter is a leading technology-focused investment firm built by founders for founders. 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. One International Place Suite 2400. Shrilekha Pethe for Counting life in days and acts of kindness. Currently, their heaviest sector is Technology making up 85.1% of Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. . Read full disclaimer >. To screen for upcoming or past SPAC . Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Then theres Snowflake (SNOW). After Snowflake windfall, Altimeter Capital captures dealmaking Subscribe to The Crossover today! The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. 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. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. You can reach the main office by . This means they effectively own approximately 0.1% of the company. Altimeter. All rights reserved. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. I was intrigued by this idea of public market investors also doing private market investing. 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. All rights reserved. The . While the firms mostly won't be able to sell their shares until lockup periods expire . 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. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Views here personal. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. It was a blast. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. 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. are based in the United States. 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. In this article, we reviewed Brad Gerstner's biography and investment track record. ALTIMETER CAPITAL - The Economic Times Brad Gerstner (@altcap) / Twitter Past performance is not an indication of future results. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This website is not an offer to, or solicitation of, any potential clients or investors for any investment management, advisory or any other related services. The Boston-based firm held more than 36 million shares in the cloud data . Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Quickly find out what the most recently closed or increased positions are. Performance Altimeter.com is Altimeters only website. Per Altimeter's website: Altimeter Capital is a global investment . Besides for Peltz, Trians founding partners include Ed Garden and Peter May. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Get our editors daily picks straight in your inbox! 2. Altimeter.com is Altimeter's only website. 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). Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Altimeter is a leading technology-focused investment firm built by founders for founders. 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. Plan. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. 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. Gerstner has proven himself to be a world-class stock picker. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. While shareholders will split the newly merged company, Eutelsat CEO Eva Berneke will run the company, and Eutelsats chairman, Dominique DHinnin, is set to be chairman of the company, with his OneWeb counterpart, Sunil Bharti Mittal, set to be co-chair and vice president. They did not look at something as public or private investment. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates. If you require advice in relation to any financial matter you should consult an appropriate professional. . Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. 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. Altimeter Capital Management is an investment firm that operates within the technology sector. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Number of Exits 22. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. 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. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. How do I update this listing? older whippets for rehoming In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. Bruce Berkowitz's: Fairholme Capital Management. 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. Brad Gerstner Bio, Returns, AUM, Net Worth. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Altimeter Capital is the famous VC, which was founded in 2008. 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. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. The IRR is equivalent to the Compound (Clickhereto subscribe to the Delivering Alpha newsletter.). Meta shareholder tells company to cut staff, 'get fit and focused' assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. the MV of securities sold, whichever is less, Brad Gerstner - Forbes Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday, April 13, 2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion in preparation for an initial public offering in the U.S . Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight ? Unlike an ordinary SPAC . Join the more than 1.5 million industry professionals who get our daily newsletter! The leading representative office of defined VC is situated in the Menlo Park. 64% of the total holdings value. Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN Altimeter Capital Management, LP 13F Filings Ray Dalio's: Bridgewater Associates. Question:How did the investment playout? returns for each quarter. 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.