assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed 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. 64% of the total holdings value. 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. ? 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Altimeter SPAC goes public. 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. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. 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. Thanks for the read! You can expect to hear more about Brad and some of his investments soon in The Crossover! The managers portfolio has a Sharpe ratio of 7.98. Question:Was there one take that you felt that Brad made that was particularly interesting? You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Investment Advisor 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) . They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Altimeter Capital Management Fund Performance History & Annualized Return Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. Phone Number (617) 310-6180. This has significant impacts on both Brads personal life and Altimeters investing style. Grab to list in US via $40 bln merger with Altimeter Growth Everyone always talks about the new FinTech companies on the scene, but. 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 . [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Tan Hooi Ling is a co-founder of Grab and the current COO. 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. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. 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 . Map , Boston Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. 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. The firm focuses on technology investments in both public and private markets globally. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs 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. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Bill Ackman's: Pershing Square Capital Management. Per Altimeter's website: Altimeter Capital is a global investment . $499/Year. He is bullish on both, which to many could see as being contradicting. Designed for 5 yrs, ISRO-launched satellite completes decade and Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. 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. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. A Look at the Best Performing Hedge Fund Managers In 2021 About us. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. $6.9 M. 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. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. It is important here to also look at the Sharpe ratio, which stands at 8.96. containing a link to download the .zip file of the CSV file(s) you requested. Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Altimeter Capital Management is based out of Boston. 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. Got a confidential news tip? Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Altimeter.com is Altimeters only website. 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 . 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. United Stockholders Altimeter Capital and PAR Capital Express Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. are based in the United States. 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. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. 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. Altimeter.com is . Altimer Capital Custom tailored debt financing solutions Altimeter Capital's Brad Gerstner Issues Open Letter to Meta (META) and Venture firms netted handsome returns on paper for their early investments. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. Altimeter Capital Management LP | AUM 13F Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Altimeter Capital Management is an investment firm that operates within the technology sector. 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. Everything in Dividend Ideas. Get Contact Info for All Departments. Cedar Rock is based out of London, United Kingdom. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. Buying high. Nothing on this website constitutes, or is meant to constitute, advice of any kind. OriginalWhaleScore TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. Altimeter SPAC Has Reported $40 Billion Deal for Ride-Hail Company Grab The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Menlo Park, CA 94025 Altimeter Capital - Wikipedia Revenue. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. Link to 13F filings: SEC filings. 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. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at $3,933,007,000 after purchasing an additional 17,541,796 shares during the last quarter. Investors react to every move they make. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. So, which sector is Kim most bullish about? 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. Our team will review your remarks prior to publishing. 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. A new $450M tech SPAC. You must have a subscription to view WhaleScore histories. altimeter capital returns the MV of securities sold, whichever is less, 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). As of 12/31/2022, below is a summary of the Altimeter Capital Management . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Fast forward seven years, and Gerstner has pretty much achieved his goal. Heatmaps of the top 13f holdings and a list of the largest trades made by Altimeter Capital Management, the hedge fund managed by Brad Gerstner. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Overreacting during times of uncertainty. https://www.linkedin.com/company/altimeter-capital I was intrigued by this idea of public market investors also doing private market investing. Altimeter Capital Portfolio Investments, Altimeter Capital Funds Ideal for intelligent investors with $50,000+ portfolios. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. The fund has exact preference in some . 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. Fintel . The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. 2021 Workweek Media Inc. All rights reserved. We make money even in declining markets.". [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. 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. BOSTON, MA 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 . The article said Gerstner wanted to build a Venture Capital Empire. 2550 Sand Hill Road, Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Altimeter Capital 's most notable exits include . Meta (META): Activist Investor Calling for Layoffs and Capex Cuts [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. altimeter capital returns Altimeter manages a long / short public equity fund and private growth equity funds. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. The average market cap of the portfolio companies is close to $270 billion. To screen for upcoming or past SPAC . It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. The bullishness on TikTok is obvious, but Meta not so much. Altimeter Capital Management LP Top Holdings 13F Filings Written by Over the last three years, Meta has also dramatically increased its capital expenses. There were 659 hedge funds in our system whose 13F portfolios consisted of at least five long positions in billion-dollar companies on June 30. For media inquiries, please contact press@altimeter.com. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Altimeter Capital Management is based out of Boston. Altimeter Capital - Investments, Portfolio & Company Exits - Crunchbase to see more advanced email alert options such as selecting any type of Popular Searches. Catherine Woods fund seeks out Disruptive Innovation.. 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. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. Question:Okay then. Get our editors daily picks straight in your inbox! Unlike an ordinary SPAC . Hedge Fund 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. 535 Mission Street, 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. United Stockholders Altimeter Capital and PAR Capital Announce Proxy Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. 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. Brad Gerstner's Tweets. Shrilekha Pethe for To calculate this, Data is a real-time snapshot *Data is delayed at least 15 minutes. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. refer to our 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. Chase Coleman's: Tiger Global Management. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Altimeter hit anabsolute grand slamwhen they ledSnowflakes2016$76M Series C@onlya$260M post-money valuationand continued to invest in the cloud warehouse storage companys Series D, E, and F. After Snowflake 2xd on the initial IPO, Altimeter at one point saw their stake valued in $SNOW alone grow to over$8B. [11] United Continental Holdings eventually gave in and changed its board of directors. Hedge fund XN was one of 2020s largest new funds. HOME | Altimeterwealth Charlotte NC Best wealth management 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. Answer:Overwhelmed, but not why you might think. older whippets for rehoming Altimeter CapitalAltimeter CapitalAltimeter Capital Brad Gerstner. They manage 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 GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Sign-up Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine Bruce Berkowitz's: Fairholme Capital Management. Subscribe to The Crossover today! Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. 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. 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. Equal-WTWhaleScore 2.0 Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Please "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. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Answer:So Altimeter Capital is incredibly bullish onMeta (Facebook) even though the company is an early investor inBytedance(5 years ago), the parent company ofTikTok. The music was electric and fans were dancing on the big screen. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Then theres Snowflake (SNOW). We give you the access and tools to invest like a Wall Street money manager at a Main Street price. In addition to quarterly performance, we show annualized performance and the While the firms mostly won't be able to sell their shares until lockup periods expire . Annualized Growth Rate (CAGR). Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. 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 LLC. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Following Alpha: Altimeter Capital - Q4 2015 Review I am not kidding. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight.