[3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Altimeter Growth Corp's shares have gained 25% since listing. Personally, this means less time traveling and going to dinners but more time in nature and with his family. All rights reserved. The IRR is equivalent to the Compound privacy policy or contact public funds and serves as an expert long-term partner to companies as they enter the public markets. Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million 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 of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Investors react to every move they make. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. altimeter capital returns. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. . This has significant impacts on both Brads personal life and Altimeters investing style. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Altimeter Capital Management, L.P. 13F annual report The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). Care to explain? Altimeter Capital Management LLC. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Investing in the investments discussed in the Blog may be risky and speculative. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. This will schedule a job to export all requested 13f holdings data for this filer. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. [2] The firm focuses on technology investments in both public and private markets globally. Performance numbers calculated through 2023-02-14. 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. https://www.linkedin.com/company/altimeter-capital Altimeter Capital Management is based out of Boston. Since 2011, holding an equal-weight portfolio of the funds top 20 13F positions, and rebalancing quarterly, would have generated average annual returns of 29.52%. As of 8th August 2022, Altimeter Capital Management, L.P.s top holding is 17,001,796 shares of Snowflake currently worth over $2.36 billion and making up 54.7% of the portfolio value. How do I update this listing? Passing Through Joined January 2009. "If you owned growth stocks this year - like we did at Altimeter - you got your face ripped off," Altimeter Capital's CEO Gerstner said in a Twitter post Thursday. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. One International Place Suite 2400. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Altimeter is a leading technology-focused investment firm built by founders for founders. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Win whats next. Founder - Altimeter Capital. 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. altimeter capital returns; altimeter capital returns. Suite 150 for Q4 2022: commodity pool operator or commodity trading advisor, Percentage of assets under management,Performance-based fees, CHIEF COMPLIANCE OFFICER/DIRECTOR OF FINANCE, CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER, ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER LLC, MANAGING MEMBER ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER, LLC. Catherine Woods fund seeks out Disruptive Innovation.. Unlike an ordinary SPAC . "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.". On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. 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. Annualized Growth Rate (CAGR). altimeter capital returns Luck befalls the curious mind. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Investment Advisor Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. altimeter capital returnsstriped bark scorpion altimeter capital returns. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. 2021 Workweek Media Inc. All rights reserved. 535 Mission Street, Brad Gerstner Bio, Returns, AUM, Net Worth. . The article said Gerstner wanted to build a Venture Capital Empire. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. Altimeter LLC. 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). . Required fields not completed correctly. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in Login : Altimeter BOSTON, MA Altimeter.com is . Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Download 13F Summary 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. Brad Gerstner is an American investor and entrepreneur. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Altimeter Capital's Brad Gerstner Issues Open Letter to Meta (META) and Suite 2310 To calculate this, Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. 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. On this Wikipedia the language links are at the top of the page across from the article title. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. Altimeter Capital's second 'blank check' IPO raises $400 million Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Attached below are some of the articles and podcasts I used to help put this piece together! A Look at the Best Performing Hedge Fund Managers In 2021 [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. 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. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Altimeter Capital Portfolio Investments, Altimeter Capital Funds 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) . Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. ? 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. Altimeter CapitalAltimeter CapitalAltimeter Capital United Stockholders Altimeter Capital and PAR Capital Announce Proxy Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and Alt Turnover is calculated by taking either the total MV of new purchases or Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Altimeter Capital Chair and CEO Brad Gerstner said in an open letter to the company and CEO Mark Zuckerberg on Monday that Meta has too many employees and is moving too slowly to retain the confidence of investors. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. To put that in perspective, excluding your large . 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. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Chuck manages $16.2 billion worth of assets and his portfolio has given average returns of 46.4% over a period of three years, on an annualized basis. Altimeter Capital Fund Manager Profile | Preqin $4.33 billion and $4.33 billion respectively. divided by the total MV of the fund. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. These licenses may or may not be disclosed by the Content Creator in the Blog. Copy and paste multiple symbols separated by spaces. Brad Gerstner | 2023 Phocuswright Conference: November 13-16, 2023, Ft It doesn't run an office outside of the United States. Over the last three years, Meta has also dramatically increased its capital expenses. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. 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. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. The average market cap of the portfolio companies is close to $270 billion. In contrast, the S&P 500 stock index has gained 290.9%. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Everyone thought he was crazy.. If you require advice in relation to any financial matter you should consult an appropriate professional. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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. Gerstner has proven himself to be a world-class stock picker. Altimeter Capital 53 Portfolio companies, 81 Investments, Team Thats nearly 2.2x the annual return of the S&P 500 over that period. Altimeter manages a variety of venture and Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Data is a real-time snapshot *Data is delayed at least 15 minutes. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Altimeter Capital - Investments, Portfolio & Company Exits - Crunchbase Map . In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. In addition to quarterly performance, we show annualized performance and the . . 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 . We focus only on the top 10 holdings. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Warren Buffett's: Berkshire Hathaway. 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. Equal-WTWhaleScore 2.0 Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. HOME | Altimeterwealth Charlotte NC Best wealth management Tweets. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Revenue. 2015-2023 Fintel Ventures LLC. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. I was intrigued by this idea of public market investors also doing private market investing. Brad Gerstner (@altcap) / Twitter The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. The information in this website is for general reference purposes and is subject to change without notice or update. 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). Contact Email info@altimeter.com. Grab to list in US via $40 bln merger with Altimeter Growth The managers portfolio has a Sharpe ratio of 7.98. Fast forward seven years, and Gerstner has pretty much achieved his goal. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. "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. 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. All rights reserved. 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. OriginalWhaleScore Brad Gerstner's Tweets. Past performance is not an indication of future results. 2550 Sand Hill Road, Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. 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. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. 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. 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. Headquarters Location. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. It sold the previously owned 1,155,613 shares for $138 million. Altimeter Capital Management's Performance. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. $499/Year. . They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Link to 13F filings: SEC filings. The Boston-based firm held more than 36 million shares in the cloud data . Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. "On . The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Top 10 Stocks Held By Altimeter Capital Management LP 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. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Thank you and soon you will hear from one of our Attorneys.
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