S&P 500WhaleScore This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). 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. The author of this piece and/or members of Workweek media could be invested in companies discussed. I think launching the fund wasnt actually crazy, but ratherbrilliant. Plan. Everyone thought he was crazy.. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Download 13F Summary [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. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Map . Performance Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Phone Number (617) 310-6180. to see more advanced email alert options such as selecting any type of On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. David Einhorn's: Greenlight Capital. Fintel is a registered trademark. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Get our editors daily picks straight in your inbox! OriginalWhaleScore Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. 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. He also served as a co-CEO of a travel company called National Leisure Group. Hedge fund XN was one of 2020s largest new funds. Got a confidential news tip? Altimeter Capital has made 91 investments. 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. Long-time Wayfair insider bought $13.6M of W on the open market. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! 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. Normally $755/year for everything included. 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. 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. 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. The fund has exact preference in some . AGC is a SPAC which is a blank-check company. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. He founded a technology-focused investment firm called Altimeter Capital in 2008. . "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.". $6.9 M. Altimeter Growth Corp's shares have gained 25% since listing. I was intrigued by this idea of public market investors also doing private market investing. Join the more than 1.5 million industry professionals who get our daily newsletter! Shrilekha Pethe for Altimeter is known for its long-term focus, concentrated investment approach, and exceptional returns across both its public hedge fund and private growth equity funds. 2023 PitchBook. 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. Founder - Altimeter Capital. 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. The leading representative office of defined VC is situated in the Menlo Park. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Question:Was there one take that you felt that Brad made that was particularly interesting? 71.4% of the portfolio companies Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. 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? On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. 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. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. The stocks discussed may be volatile and illiquid. Altimeter manages a long / short public equity fund and private growth equity funds. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. This means they effectively own approximately 0.1% of the company. . Create Email Alert, ***Log In or for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Gaurav Kapadia is off to an impressive start. Quarter Holdings Value ($000) Form Type Date Filed Filing ID Name; Q4 2022: 11: 3,652,571: 13F-HR: 2/14/2023: 000154161723000003: Altimeter Capital Management, LP Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. 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. As of 12/31/2022, below is a summary of the Altimeter Capital Management . You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. 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. 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. 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). altimeter capital returns; altimeter capital returns. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. "On . The article said Gerstner wanted to build a Venture Capital Empire. Altimeter Capital employs 13 employees. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. For more information, please call (617) 310-6180 or email IR@altimeter.com. 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. Altimeter. Question:How did the investment playout? Among the most successful fund investment fields, there are Marketplace, Cloud Computing. The fund focuses on investments in the United States as 3. https://www.linkedin.com/company/altimeter-capital Fast forward seven years, and Gerstner has pretty much achieved his goal. Answer:Overwhelmed, but not why you might think. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Fast forward seven years, and Gerstner has pretty much achieved his goal. About us. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . Investors react to every move they make. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Altimeter Capital Management LP. The majority of the companies in the funds portfolio are large-cap stocks. Contact Email info@altimeter.com. Investing in the investments discussed in the Blog may be risky and speculative. Meta Platforms Inc makes up Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 to $30B in annual capex in 2022. The IRR is equivalent to the Compound The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. altimeter capital returnsstriped bark scorpion altimeter capital returns. . The third-largest holding is Meta Platforms Inc worth $396 million and the next is Confluent Inc worth $336 million, with 14,456,310 shares owned. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. According to Dalbar, Inc., a company that studies investor behavior and analyzes investor market returns, consistently shows that the average investor earns below-average returns. All rights reserved. This will schedule a job to export all requested 13f holdings data for this filer. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. The Boston-based firm held more than 36 million shares in the cloud data . The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. 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. 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 Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. Get Contact Info for All Departments. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. An additional office of the firm is in Menlo Park, CA. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Brad Gerstner is an American investor and entrepreneur. In a $400M fund we might have 10 investments.. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . $499/Year. Thanks for the read! Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. 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%. At 12/31/2022: $3,652,571. containing a link to download the .zip file of the CSV file(s) you requested. 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. of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Here are the 10 most popular hedge fund managers in WhaleWisdom. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Thats nearly 2.2x the annual return of the S&P 500 over that period. and a top 10 holdings concentration of 99.95%. 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. Likes. See you in your inbox every Monday and Thursday. . Silicon Valley The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). So, which sector is Kim most bullish about? Chase Coleman's: Tiger Global Management. 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. 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. Bill Ackman's: Pershing Square Capital Management. To put that in perspective, excluding your large . 2023 CNBC LLC. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Akre Capital Management was founded in 1989 and is an asset management firm. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. 91. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Popular Searches. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. ? 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). Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Over the last three years, Meta has also dramatically increased its capital expenses. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. All rights reserved. Headquarters Location. Growth to continue post-pandemic? 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. 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 . Link to 13F filings: SEC filings. It sold the previously owned 1,155,613 shares for $138 million. divided by the total MV of the fund. Alt Turnover is calculated by taking either the total MV of new purchases or 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 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. Seeking profits from 13D & 13G filings? Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. The music was electric and fans were dancing on the big screen. 2. Per Altimeter's website: Altimeter Capital is a global investment .