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. the total portfolio value. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. altimeter capital returns. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. At 09/30/2022: $4,676,285. Our team will review your remarks prior to publishing. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. One International Place Suite 2400. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Want to get these in your inbox to never miss an edition? Popular Searches. There are currently 14 companies in Mrs. Daviss portfolio. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Altimeter Capital Management LLC. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. This means they effectively own approximately 0.1% of the company. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Altimeter Capital Management's Top Picks Include Online Travel and Airline Stocks, Have a Look at Two Ongoing Proxy Fights and One Freshly-Completed Activist Campaign, United Continental Holdings Inc. (UAL): Altimeter Capital Management Reaches Agreement with Company, United Continental Holdings, Inc. (UAL): PAR Capital, Altimeter Capital Express Governance Concerns, Put Forth Minority Board Slate, The Latest Activist Moves Made by Jeffrey Smith, Paul Singer, More, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. 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. Hedge Fund Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Hedge Funds fall under the category of alternative investments. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. 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. Altimeter Capital Management is based out of Boston. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Investment Advisor In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. . The information in this website is for general reference purposes and is subject to change without notice or update. Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say, David Einhorn on his winning short 'bubble basket' strategy that he's continuing, Stock pickers continue to shine after a better year and here are their favorite names in 2023. Get this delivered to your inbox, and more info about our products and services. 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. Trading in such securities can result in immediate and substantial losses of the capital invested. $4.33 billion and $4.33 billion respectively. 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%. 64% of the total holdings value. 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. . What jumps out to you the most about Altimeters journey? 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. All rights reserved. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Warren Buffett's: Berkshire Hathaway. Altimeter Capital is in talks with ride . [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. 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. Investor Type Hedge Fund, Venture Capital. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. . Alt Turnover is calculated by taking either the total MV of new purchases or All Rights Reserved. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Investors believe they can predict the future. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . 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. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Copy and paste multiple symbols separated by spaces. 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. 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. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. SEC form, multiple filers or classes of filers, and much more.***. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). All text and design is copyright 2020 WhaleWisdom.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. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Description. 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. About us. 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. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Question:Was there one take that you felt that Brad made that was particularly interesting? They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. In addition to quarterly performance, we show annualized performance and the . This will schedule a job to export all requested 13f holdings data for this filer. 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 . Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Annualized Growth Rate (CAGR). [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. This website is not an offer to, or solicitation of, any potential clients or investors for any . Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Copyright 2023 Altimeter Capital. The Boston-based firm held more than 36 million shares in the cloud data . Create Email Alert, ***Log In or Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. [1]: Create your Watchlist to save your favorite quotes on Nasdaq.com. These licenses may or may not be disclosed by the Content Creator in the Blog. 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. 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). divided by the total MV of the fund. The music was electric and fans were dancing on the big screen. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Long-time Wayfair insider bought $13.6M of W on the open market. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). [11] United Continental Holdings eventually gave in and changed its board of directors. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Number of Exits 22. Type a symbol or company name. Hedge fund XN was one of 2020s largest new funds. Altimeter Capital is the famous VC, which was founded in 2008. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). This website is provided as is without any representations or warranties, express or implied. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. 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. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. "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. Subscribe to WhaleWisdom to view all filing data I think launching the fund wasnt actually crazy, but ratherbrilliant. 2021 Workweek Media Inc. All rights reserved. [2]: 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 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. He also served as a co-CEO of a travel company called National Leisure Group. . Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. public funds and serves as an expert long-term partner to companies as they enter the public markets. The inks barely dry on Regal Funds Managements agreement to acquire VGI Partners, and already the countrys busiest hedge fund manager appears to be thinking about other opportunities. 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. Sharpe ratio is a measure of risk-adjusted return that indicates the additional return obtained by the hedge fund investor for every level of risk taken. That would make it the largest SPAC merger ever, more than [] The companies may have limited operating histories, little available public information. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Map . All rights reserved. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Louis Bacon's: Moore Capital Management. Catherine Woods fund seeks out Disruptive Innovation.. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Thanks for the read! OriginalWhaleScore 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. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in containing a link to download the .zip file of the CSV file(s) you requested. Sign up for free newsletters and get more CNBC delivered to your inbox. Later in 2013, Brad looked to continue to capitalize off his success and launched . 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. 10.8% 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. BOSTON, MA Brad Gerstner's Tweets. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. You can expect to hear more about Brad and some of his investments soon in The Crossover! Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. Altimeter Capital. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. 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. Luck befalls the curious mind. returns for each quarter. Each investment position stands on its own based on Altimeters assessment of whether a significant discrepancy exists between a companys current market value and intrinsic business value. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Contact Email info@altimeter.com. Let me know what you thought by replying back to this email. Tweets. 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). TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. 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. us for more details. 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 . Altimeter.com is . Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Data is a real-time snapshot *Data is delayed at least 15 minutes. Map , San Francisco Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . 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. 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. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. Altimeter Capital 's most notable exits include . Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. The first one on this list is John Kim, hedge fund manager for Night Owl Capital Management and ranked #1 out of 198 hedge funds on TipRanks. The information in the Blog constitutes the Content Creators own opinions. Personally, this means less time traveling and going to dinners but more time in nature and with his family. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages In this article, we reviewed Brad Gerstner's biography and investment track record. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. The managers portfolio has a Sharpe ratio of 7.98. Is a crash imminent? Altimeter said annual free cash flow can be doubled to $40 billion if it cut headcount by at least 20%, trimmed capital expenditure by at least $5 billion to $25 billion a year and capped annual . 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. The article said Gerstner wanted to build a Venture Capital Empire. Steven Cohen's: Point72 Asset Management. Shrilekha Pethe for Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Altimeter is a leading technology-focused investment firm built by founders for founders. 2550 Sand Hill Road, SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. $499/Year. Get Contact Info for All Departments. Fast forward seven years, and Gerstner has pretty much achieved his goal. All rights reserved. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Link to 13F filings: SEC filings. Ray Dalio's: Bridgewater Associates. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and "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. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Type a symbol or company name. Answer:Easily the origins of the fund. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Unlike an ordinary SPAC . 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 Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. 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. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Compare against similar firms. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate Thats nearly 2.2x the annual return of the S&P 500 over that period.
altimeter capital returns