Suite 4610 You are limited to the prior 8 quarters of 13F filings. The author of this piece and/or members of Workweek media could be invested in companies discussed. 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. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). Altimeter Capital has made 91 investments. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). At 12/31/2022: $3,652,571. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Win whats next. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Akres portfolio has a Sharpe ratio of 8.06 with 57.9% of the portfolio invested in the financial sector and 25.1% invested in the technology sector. 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. Past performance is not an indication of future results. email address below and choose 'Submit'. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in 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. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Altimeter Growth Corp's shares have gained 25% since listing. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. 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. $6.9 M. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. 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. Care to explain? 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. Question:Was there one take that you felt that Brad made that was particularly interesting? Annualized Growth Rate (CAGR). Chase Coleman's: Tiger Global Management. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. All rights reserved. A new $450M tech SPAC. That would make it the largest SPAC merger ever, more than [] Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 535 Mission Street, Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. About us. (Clickhereto subscribe to the Delivering Alpha newsletter.). His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. We want to hear from you. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. Altimeter Capital Management General Information. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Attached below are some of the articles and podcasts I used to help put this piece together! Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. 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. Altimeter is a leading technology-focused investment firm built by founders for founders. From a report: The Meta investor recommends a plan to get the company's "mojo back" including reducing headcount expenses by 20% and limiting the company's pricey investments in . 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. ? Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. This has significant impacts on both Brads personal life and Altimeters investing style. In addition to quarterly performance, we show annualized performance and the . Map , San Francisco Question:Okay then. Normally $755/year for everything included. . Kims portfolio has gained a whopping 569.2% since 2013. Investor Type Hedge Fund, Venture Capital. Venture firms netted handsome returns on paper for their early investments. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Answer:Easily the origins of the fund. refer to our If you require advice in relation to any financial matter you should consult an appropriate professional. 2550 Sand Hill Road, Over the last three years, Meta has also dramatically increased its capital expenses. In April 2021 it was announced that AGC would merge with Singapore ridesharing company, Grab to help it list on Nasdaq under the ticker, GRAB. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. Terry is a legendary writer forThe Plain Dealer(Cleveland) who made reading about theCleveland Brownsfun, even though there was literally nothing fun to write about. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. For more information, please call (617) 310-6180 or email IR@altimeter.com. With other successes in the private markets like Hubspot, Confluent, Twilio, Expedia, Uber, as well as 13F returns that grew30%annually from 2011-2020, Altimeter & Brad Gerstner and their now ~$15B AUMhave become household names in the crossover arena. So, which sector is Kim most bullish about? Brad Gerstner's Tweets. Bruce Berkowitz's: Fairholme Capital Management. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. Phone Number (617) 310-6180. "On . Andy Brown is the CEO and portfolio manager of Cedar Rock Capital, an independent investment firm founded in 2002 and ranked #5 on this list. Type a symbol or company name. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Unlike an ordinary SPAC . Altimeter is a leading technology-focused investment firm built by founders for founders. You can reach the main office by . 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 is an investment firm that operates within the technology sector. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. The majority of the companies in the funds portfolio are large-cap stocks. Altimeter's 15.1% stake in Snowflake Inc (NYSE: SNOW) data analytics company was valued at close to $4.4 billion upon its U.S . Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Answer:Yes way and quite a few of them. 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. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. 2015-2023 Fintel Ventures LLC. One International Place Suite 2400. The . We make money even in declining markets.". In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. 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. 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. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Back in 2013, Bloomberg ran a profile of Brad Gerstners 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. David Einhorn's: Greenlight Capital. Ray Dalio's: Bridgewater Associates. Revenue. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Brad Gerstner. The hedge fund managers portfolio has given annualized average returns of 58.4% in the past three years, and Kim currently manages assets worth $569.8 million. Counting life in days and acts of kindness. Headquarters Location. The bullishness on TikTok is obvious, but Meta not so much. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. 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. containing a link to download the .zip file of the CSV file(s) you requested. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. 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. ISRO (Indian Space Research Organisation) has provided the small satellite bus platform to which French national space agency CNES payload composed of ARGOS-3 and Altika instruments (altimeter, radiometer, DORIS, LRA) are integrated. Meta Platforms Inc makes up He founded a technology-focused investment firm called Altimeter Capital in 2008. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. 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. TipRanks->. The managers portfolio has a Sharpe ratio of 7.98. S&P 500WhaleScore [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Our team will review your remarks prior to publishing. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Question:How did the investment playout? OriginalWhaleScore 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. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. 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. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. 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). Catherine Woods fund seeks out Disruptive Innovation.. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Altimeter Capital employs 13 employees. 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. of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. They manage Altimeter.com is Altimeters only website. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. San Francisco, CA 94105 They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. This website is provided as is without any representations or warranties, express or implied. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Luck befalls the curious mind. For media inquiries, please contact press@altimeter.com. Views here personal. Altimeter Capital: From $3M to $1B in 5 years, Investing with Altimeter Capitals Brad Gerstner, Brad Gerstner Public & Private Investing, Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX, See you in your inbox every Monday and Thursday. Here are the 10 most popular hedge fund managers in WhaleWisdom. Altimeter.com is . He also served as a co-CEO of a travel company called National Leisure Group. Create Email Alert, ***Log In or Return to search. Contact Email info@altimeter.com. About. returns for each quarter. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Investor Performance. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! A Division of NBCUniversal. 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. Plan. . 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, LP investor performance is calculated on a quarterly basis. . [2] The firm focuses on technology investments in both public and private markets globally. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. In this article, we reviewed Brad Gerstner's biography and investment track record. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Investing in the investments discussed in the Blog may be risky and speculative. In a $400M fund we might have 10 investments.. Investors react to every move they make. In addition to quarterly performance, we show annualized performance and the Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Menlo Park, CA 94025 Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. While the firms mostly won't be able to sell their shares until lockup periods expire . Hedge Funds fall under the category of alternative investments. 706 Following. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. 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) . Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. 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.. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. You can expect to hear more about Brad and some of his investments soon in The Crossover! Overreacting during times of uncertainty. 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). Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. All rights reserved. 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. 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%. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Altimeter Capital is in talks with ride . All text and design is copyright 2020 WhaleWisdom.com. 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. Brad Gerstner is an American investor and entrepreneur. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Hedge Fund 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. 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. 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. divided by the total MV of the fund. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. The average market cap of the portfolio companies is close to $270 billion. [1]: Reasons they site: 1. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Altimeter CapitalAltimeter CapitalAltimeter Capital . Passing Through Joined January 2009. altimeter capital returns; altimeter capital returns. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. 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. 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%. Required fields not completed correctly. Hedge fund XN was one of 2020s largest new funds. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Media. Thanks for the read! Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. This will schedule a job to export all requested 13f holdings data for this filer. 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. 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 . 2. News Briefs. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Sign-up A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. Subscribe to WhaleWisdom to view all filing data Gaurav Kapadia is off to an impressive start. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. public funds and serves as an expert long-term partner to companies as they enter the public markets.
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