Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. 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 focus only on the top 10 holdings. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Map . Overreacting during times of uncertainty. "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. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. altimeter capital returnsstriped bark scorpion altimeter capital returns. This has significant impacts on both Brads personal life and Altimeters investing style. Right? Question:Was there one take that you felt that Brad made that was particularly interesting? Fintel . Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. An additional office of the firm is in Menlo Park, CA. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. In a $400M fund we might have 10 investments.. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. 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 has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). 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. Cedar Rock is based out of London, United Kingdom. "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. 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. Popular Searches. Founder - Altimeter Capital. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. 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. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. 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. 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 I was intrigued by this idea of public market investors also doing private market investing. All rights reserved. The principal office where Altimeter Capital Management, LP performs its advisory services is located at One International Place, Boston, MA 02110, which is also the mailing address of the firm. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. We make money even in declining markets.". Brad Gerstner Bio, Returns, AUM, Net Worth. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. 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. 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. 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. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Hedge Fund After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Louis Bacon's: Moore Capital Management. or to simply have an email sent to you whenever we receive a new Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Copyright 2023 Altimeter Capital. S&P 500WhaleScore https://www.linkedin.com/company/altimeter-capital . ? Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. 64% of the total holdings value. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. 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.. Back in 2013, Bloomberg ran a profile of Brad Gerstners 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. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). Investors react to every move they make. The fund has exact preference in some . It is important here to also look at the Sharpe ratio, which stands at 8.96. Altimeter Capital Management General Information. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. 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. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. OriginalWhaleScore Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. 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 . This leaves the value of the investment at $2.36 billion and 17,001,796 shares. 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. In this article, we reviewed Brad Gerstner's biography and investment track record. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. 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. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. Our team will review your remarks prior to publishing. 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. Create Email Alert, ***Log In or Everyone thought he was crazy.. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Views here personal. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. 2. Join the more than 1.5 million industry professionals who get our daily newsletter! Catherine Woods fund seeks out Disruptive Innovation.. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Its first private fund was closed in 2013. . Altimeter Capital now has $5.92 billion under management in 27 different holdings with 97.62% allocated to the top 20 holdings in its hedge fund portfolio. Investment Advisor the MV of securities sold, whichever is less, These licenses may or may not be disclosed by the Content Creator in the Blog. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . In this article, we discuss the 10 stocks that Brad Gerstner is talking about. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. [2] The firm focuses on technology investments in both public and private markets globally. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. 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 . Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. The fund focuses on investments in the United States as Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. Tweets. Silicon Valley Nothing on this website constitutes, or is meant to constitute, advice of any kind. us for more details. Altimeter Capital Management LP holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Altimeter Capital Management LP 13F filings. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. BOSTON, MA So, without further ado, using TipRanks data, here are some of the top-ranked hedge fund managers from some of the Best Hedge Funds this year. 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. Compare against similar firms. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. You are limited to the prior 8 quarters of 13F filings. Altimeter Capital Management LP. 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! In addition to quarterly performance, we show annualized performance and the # . Suite 150 Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. Brad specifically shared that At any given moment in time in the public markets, we might have 75% of our portfolio in our top 4 or 5 ideas. 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. The stocks discussed may be volatile and illiquid. The inks barely dry on Regal Funds Managements agreement to acquire VGI Partners, and already the countrys busiest hedge fund manager appears to be thinking about other opportunities. Altimeter Capital has had 22 exits. Unlike an ordinary SPAC . 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. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. Question:Okay then. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC?
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