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. Home : Altimeter Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Fintel is a registered trademark. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. 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%. Brad Gerstner (@altcap) / Twitter Hedge Fund - Altimeter Capital Management - Insider Monkey Altimeter CapitalAltimeter CapitalAltimeter Capital Altimeter Capital - Investments, Portfolio & Company Exits - Crunchbase 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. These symbols will be available throughout the site during your session. They manage Altimeter manages a variety of venture and 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. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Views here personal. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. 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 . Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. In a $400M fund we might have 10 investments.. Suite 150 Finance Department. Hedge fund XN was one of 2020s largest new funds. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. That would make it the largest SPAC merger ever, more than [] 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. Cedar Rock is based out of London, United Kingdom. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. They did not look at something as public or private investment. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. We want to hear from you. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. After Snowflake windfall, Altimeter Capital captures dealmaking Get this delivered to your inbox, and more info about our products and services. Altimeter Capital employs 13 employees. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . us for more details. the total portfolio value. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. A Division of NBCUniversal. 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. are based in the United States. Want to get these in your inbox to never miss an edition? Contact Email info@altimeter.com. Tan Hooi Ling is a co-founder of Grab and the current COO. [2] The firm focuses on technology investments in both public and private markets globally. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Altimeter SPAC Has Reported $40 Billion Deal for Ride-Hail Company Grab The leading representative office of defined VC is situated in the Menlo Park. Altimeter Capital has made 91 investments. Suite 2310 We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Right? 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. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. 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. or to simply have an email sent to you whenever we receive a new Tweets. 10.8% 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. Brad Gerstner. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. 2550 Sand Hill Road, 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 investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). At 12/31/2022: $3,652,571. See you in your inbox every Monday and Thursday. It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. Altimeter Capital Company Profile | Management and Employees List Performance 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! David Einhorn's: Greenlight Capital. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. 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. Later in 2013, Brad looked to continue to capitalize off his success and launched . Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. The information in the Blog constitutes the Content Creators own opinions. 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 letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate All rights reserved. Steven Cohen's: Point72 Asset Management. Altimeter Capital Management LLC. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Altimeter is a leading technology-focused investment firm built by founders for founders. Altimeter Capital's tech SPAC Altimeter Growth Corp. prices $450 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. 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.. Conforti joined Altimeter, which is led by Brad Gerstner, in 2021 to invest in technology companies as they cross over from private to public markets. Headquarters Location. Hedge fund winners and losers emerge in brutal tech-driven sell-off - CNBC It was a blast. 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. Altimeter Capital Management Fund Performance History & Annualized Return Silicon Valley The total portfolio value may be much higher due to cash Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Login : Altimeter Altimeter Capital Management is based out of Boston. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Designed for 5 yrs, ISRO-launched satellite completes decade and Stocks with a size of more than $10 billion in market cap make up [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. The fund was located in North America if to be more exact in United States. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. 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. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. 91. 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 . Normally $755/year for everything included. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. Then theres Snowflake (SNOW). Watch for disclosures from these smart money hedge funds. Brad Gerstner - Forbes Toast, Inc. (NYSE:TOST) Given Average Recommendation of "Hold" by Number of Exits 22. Altimeter Capital - Free Partner Email & Investor Profile Easily, the highlight of the game for everyone was oddly the rain delay. AGC is a SPAC which is a blank-check company. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. Over the last three years, Meta has also dramatically increased its capital expenses. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Description. Altimeter is a leading technology-focused investment firm built by founders for founders. Brad Gerstner is an American investor and entrepreneur. Altimeter Capital Fund Manager Profile | Preqin The bullishness on TikTok is obvious, but Meta not so much. Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Catherine Woods fund seeks out Disruptive Innovation.. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . After Snowflake windfall, Altimeter Capital captures dealmaking spotlight The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Investor Performance. Reasons they site: 1. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Welcome to Sure Dividend - Sure Dividend Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. 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. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. TL;DR: Eutelsat Communications SA, a French satellite operator, and OneWeb, a UK satellite operator are set to combine in an all-share deal valuing OneWeb at $3.4 billion, a step toward creating a European champion to rival the likes of Elon Musks SpaceX. Ray Dalio's: Bridgewater Associates. I think launching the fund wasnt actually crazy, but ratherbrilliant. 2. 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 Gerstner has proven himself to be a world-class stock picker. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. 71.4% of the portfolio companies Unlike an ordinary SPAC . Venture firms netted handsome returns on paper for their early investments. United Stockholders Altimeter Capital and PAR Capital Express This website is not an offer to, or solicitation of, any potential clients or investors for any investment management, advisory or any other related services. San Francisco, CA 94105 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. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. Ideal for intelligent investors with $50,000+ portfolios. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Passing Through Joined January 2009. Akres portfolio has a Sharpe ratio of 8.06 with 57.9% of the portfolio invested in the financial sector and 25.1% invested in the technology sector. ? 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. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. 535 Mission Street, 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. and a top 10 holdings concentration of 99.95%. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. 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. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. 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. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. older whippets for rehoming Returns from the best ideas are usually diluted by a long tail of lower quality ideas. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Suite 4610 Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 to $30B in annual capex in 2022. Altimeter Capital has made 7 diversity investments. 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. These positions were updated on August 15th based on the funds latest 13F filing. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Gaurav Kapadia is off to an impressive start. In contrast, the S&P 500 stock index has gained 290.9%. You are limited to the prior 8 quarters of 13F filings. Altimeter Growth Corp's shares have gained 25% since listing. A new $450M tech SPAC. Answer:Overwhelmed, but not why you might think. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. Data is a real-time snapshot *Data is delayed at least 15 minutes. Altimeter Capital has had 22 exits. Altimeter manages a long / short public equity fund and private growth equity funds. To calculate this, Louis Bacon's: Moore Capital Management. All Rights Reserved. Altimeter Capital - Crunchbase Investor Profile & Investments ALTIMETER CAPITAL MANAGEMENT, LP Top 13F Holdings - WhaleWisdom.com Kims portfolio has gained a whopping 569.2% since 2013. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. 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. While the merger is supposed to generate 1.5 billion Euros along with investments and cost synergies for Eutelsat, many worry about the short-term cash burn and the contrasting relationships with Russia between the two companies. Altimeter SPAC goes public | PE Hub This website is provided as is without any representations or warranties, express or implied. Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN United Stockholders Altimeter Capital and PAR Capital Announce Proxy 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. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector.