[9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. You can expect to hear more about Brad and some of his investments soon in The Crossover! Growth to continue post-pandemic? Altimeter Capital Management is an investment firm that operates within the technology sector. 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 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). Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Altimeter SPAC goes public. Win whats next. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. us for more details. and a top 10 holdings concentration of 99.95%. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. He also served as a co-CEO of a travel company called National Leisure Group. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. For more information, please call (617) 310-6180 or email IR@altimeter.com. October 25th, 2022 - Hedge Funds Insider Trading, May 12th, 2022 - Hedge Funds Insider Trading, November 25th, 2020 - Hedge Funds Insider Trading, May 9th, 2017 - Hedge Funds Market Movers News. Seeking profits from 13D & 13G filings? The managers portfolio has a Sharpe ratio of 7.98. or to simply have an email sent to you whenever we receive a new A look at the hedge funds managers portfolio activity indicates that Microsoft (MSFT) makes up 9.3% of the portfolio, followed by Amazon (AMZN) and Aon (AON) at 8.8% and 8.5%, respectively. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. altimeter capital returnsstriped bark scorpion altimeter capital returns. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. On this Wikipedia the language links are at the top of the page across from the article title. Finance Department. Contact Email info@altimeter.com. 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. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Let me know what you thought by replying back to this email. 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. Likes. Fast forward seven years, and Gerstner has pretty much achieved his goal. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . 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 . Normally $755/year for everything included. Buying high. David Einhorn's: Greenlight Capital. Views here personal. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. 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. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Question:Was there one take that you felt that Brad made that was particularly interesting? Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. ? 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 manages a variety of venture and Altimeter Capital Management is based out of Boston. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Altimeter takes a deep fundamental approach to security analysis. 3. [1]: Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. This website is provided as is without any representations or warranties, express or implied. 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. Meta Platforms Inc makes up 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 . Revenue. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. The fund focuses on investments in the United States as 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. Do Not Sell My Personal Information (CA Residents Only). One International Place, 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. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. 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. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. I think launching the fund wasnt actually crazy, but ratherbrilliant. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Number of Exits 22. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. All Rights Reserved. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. [2]: of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. 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. 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. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. 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 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. the total portfolio value. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. So, which sector is Kim most bullish about? Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. 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. This means they effectively own approximately 0.1% of the company. The IRR is equivalent to the Compound The fund has exact preference in some . Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Headquarters Location. Popular Searches. To screen for upcoming or past SPAC . 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. 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) . For media inquiries, please contact press@altimeter.com. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. altimeter capital returns; altimeter capital returns. When completed, an email will be sent to the email address you specify I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. 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. Map . 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. 2023 PitchBook. 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. Thanks for the read! 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. . News of the merger has not been met with much enthusiasm in the public markets, as Eutelsat stock has actually gone down 18% since announcing deal talks. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Answer:Unbelievably well. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Currently, their heaviest sector is Technology making up 85.1% of 706 Following. Menlo Park, CA 94025 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. Fintel is a registered trademark. the MV of securities sold, whichever is less, From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. Shrilekha Pethe for While the firms mostly won't be able to sell their shares until lockup periods expire . Cedar Rock is based out of London, United Kingdom. older whippets for rehoming 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. Watch for disclosures from these smart money hedge funds. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. 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. All rights reserved. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. . The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Stocks with a size of more than $10 billion in market cap make up A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Silicon Valley An additional office of the firm is in Menlo Park, CA. Altimeter Capital Management LP. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. This will schedule a job to export all requested 13f holdings data for this filer. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Chase Coleman's: Tiger Global Management. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. ? Right? 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. Altimeter is a leading technology-focused investment firm built by founders for founders. Bruce Berkowitz's: Fairholme Capital Management. Altimeter Capital has had 22 exits. You are limited to the prior 8 quarters of 13F filings. Sign-up 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. Got a confidential news tip? The average market cap of the portfolio companies is close to $270 billion. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. 10.8% On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Sign up for free newsletters and get more CNBC delivered to your inbox. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. Venture firms netted handsome returns on paper for their early investments. Long-time Wayfair insider bought $13.6M of W on the open market. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. 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. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Instead of doing a classic profile on the fund, I thought I would do something we will call Alans Angle, inspired by the greatTerry Plutos, Terrys Talkin a style where he writes as if he is interviewing himself! 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.. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in We focus only on the top 10 holdings. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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). Then theres Snowflake (SNOW). ? Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Altimeter Capital Management is based out of Boston. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Warren Buffett's: Berkshire Hathaway. are based in the United States. Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. Copy and paste multiple symbols separated by spaces. SEC form, multiple filers or classes of filers, and much more.***. Altimeter Capital. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. Altimeter Growth Corp's shares have gained 25% since listing. Altimeter is a leading technology-focused investment firm built by founders for founders. Altimeter.com is . The firm focuses on technology investments in both public and private markets globally. Subscribe to WhaleWisdom to view all filing data Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. refer to our . After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Brad Gerstner's Tweets. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. 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. 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. email address below and choose 'Submit'. Passing Through Joined January 2009. Compare against similar firms. Fintel . Altimeter.com is Altimeter's only website. 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. 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. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Counting life in days and acts of kindness. 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. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Here are the 10 most popular hedge fund managers in WhaleWisdom. Suite 4610 privacy policy or contact 64% of the total holdings value. 2021 Workweek Media Inc. All rights reserved. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. S&P 500WhaleScore Altimeter. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. The firm's highlight investments in the past two years include Airbyte, Discord . Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. With SNOW currently trading at $242, that stake is now worth $8.8 billion. Thank you and soon you will hear from one of our Attorneys. This website is not an offer to, or solicitation of, any potential clients or investors for any . Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Steven Cohen's: Point72 Asset Management. Required fields not completed correctly. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. 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. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. The article said Gerstner wanted to build a Venture Capital Empire. 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 . Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Download 13F Summary institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). What jumps out to you the most about Altimeters journey? Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Kims portfolio has gained a whopping 569.2% since 2013. Altimeter Capital employs 13 employees. Reasons they site: 1. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Return to search. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. 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. Altimeter manages a long / short public equity fund and private growth equity funds. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Ray Dalio's: Bridgewater Associates. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. The music was electric and fans were dancing on the big screen. Type a symbol or company name. 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%. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. The Boston-based firm held more than 36 million shares in the cloud data . Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . About. 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. "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.". Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Everyone always talks about the new FinTech companies on the scene, but. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. A Division of NBCUniversal. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. 2. 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). 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. 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. Investor Performance. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. There are currently 14 companies in Mrs. Daviss portfolio. containing a link to download the .zip file of the CSV file(s) you requested. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. 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. "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 article said Gerstner wanted to build a Venture Capital Empire. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. 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 fund was located in North America if to be more exact in United States. 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. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and Ault Global disclosed a 9.96% position in NTN Buzztime. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails.
