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2023 CNBC LLC. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. Please I was intrigued by this idea of public market investors also doing private market investing. Brad Gerstner is an American investor and entrepreneur. Type a symbol or company name. returns for each quarter. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Seeking profits from 13D & 13G filings? This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. Copy and paste multiple symbols separated by spaces. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Silicon Valley 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. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. 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. You can reach the main office by . Here are the 10 most popular hedge fund managers in WhaleWisdom. are based in the United States. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. At 09/30/2022: $4,676,285. Altimeter Capital Chairman and CEO Brad Gerstner said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. Sign up for free newsletters and get more CNBC delivered to your inbox. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Finance Department. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. 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. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. altimeter capital returnsstriped bark scorpion altimeter capital returns. BOSTON, MA Link to 13F filings: SEC filings. 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. Thats nearly 2.2x the annual return of the S&P 500 over that period. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. About us. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. "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. In addition to quarterly performance, we show annualized performance and the . 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. Right? Warren Buffett's: Berkshire Hathaway. Win whats next. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Over the last three years, Meta has also dramatically increased its capital expenses. Altimeter SPAC goes public. Altimeter Capital. 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. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Altimeter LLC. ? Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. (Clickhereto subscribe to the Delivering Alpha newsletter.). From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Map . Everyone always talks about the new FinTech companies on the scene, but. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Steven Cohen's: Point72 Asset Management. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. One International Place Suite 2400. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. There are currently 14 companies in Mrs. Daviss portfolio. the total portfolio value. Altimeter. Altimeter takes a deep fundamental approach to security analysis. 64% of the total holdings value. What jumps out to you the most about Altimeters journey? The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. 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. 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. All rights reserved. 10.8% I think launching the fund wasnt actually crazy, but ratherbrilliant. 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. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and 2. Question:Was there one take that you felt that Brad made that was particularly interesting? "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.". for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. 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 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 is an investment firm with offices in Menlo Park, CA, and Boston, MA. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. The information in this website is for general reference purposes and is subject to change without notice or update. It sold the previously owned 1,155,613 shares for $138 million. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. Suite 4610 Equal-WTWhaleScore 2.0 Ray Dalio's: Bridgewater Associates. WhaleWisdom gives Altimeter Capital a WhaleScore of 99 meaning Gerstners fund ranks near the pinnacle of 13F performance among all hedge funds long portfolio performance. Sorry, no results has been found matching your query. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. Personally, this means less time traveling and going to dinners but more time in nature and with his family. "On . This will schedule a job to export all requested 13f holdings data for this filer. 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 article said Gerstner wanted to build a Venture Capital Empire. These symbols will be available throughout the site during your session. refer to our Question:Okay then. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Hedge fund XN was one of 2020s largest new funds. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. 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. [2]: Menlo Park, CA 94025 If you require advice in relation to any financial matter you should consult an appropriate professional. 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. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. 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. Plan. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. All rights reserved. Likes. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. 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. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. News Briefs. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. Is a crash imminent? [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. # . Later in 2013, Brad looked to continue to capitalize off his success and launched . Altimeter.com is Altimeters only website. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. OriginalWhaleScore It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. 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. 82.9K Followers. Compare against similar firms. 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) . 71.4% of the portfolio companies Return to search. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . 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.