Thats nearly 2.2x the annual return of the S&P 500 over that period. 706 Following. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. Then theres Snowflake (SNOW). Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. On this Wikipedia the language links are at the top of the page across from the article title. It sold the previously owned 1,155,613 shares for $138 million. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. 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. All rights reserved. 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. 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. Performance numbers calculated through 2023-02-14. Copy and paste multiple symbols separated by spaces. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Sorry, no results has been found matching your query. 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. Altimeter is a leading technology-focused investment firm built by founders for founders. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Altimeter Capital 's most notable exits include . Everyone always talks about the new FinTech companies on the scene, but. 2023 CNBC LLC. TipRanks->. Per Altimeter's website: Altimeter Capital is a global investment . Past performance is not an indication of future results. . The stocks discussed may be volatile and illiquid. Data is a real-time snapshot *Data is delayed at least 15 minutes. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. 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. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Stocks with a size of more than $10 billion in market cap make up Altimeter Capital Management is an investment firm that operates within the technology sector. Louis Bacon's: Moore Capital Management. 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. 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. All rights reserved. View the latest funds and 13F holdings. One International Place Suite 2400. Brad Gerstner is an American investor and entrepreneur. Altimeter is a leading technology-focused investment firm built by founders for founders. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. "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. Popular Searches. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Tweets & replies. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. 2550 Sand Hill Road, Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. Hedge fund XN was one of 2020s largest new funds. 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. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. AGC is a SPAC which is a blank-check company. Chase Coleman's: Tiger Global Management. Fintel . altimeter capital returns. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. 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. 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). In April 2021 it was announced that AGC would merge with Singapore ridesharing company, Grab to help it list on Nasdaq under the ticker, GRAB. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Type a symbol or company name. 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). Meta Platforms Inc makes up 82.9K Followers. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. 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. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. 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). 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. Watch for disclosures from these smart money hedge funds. Altimeter Growth Corp's shares have gained 25% since listing. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. The overall hedge fund community dipped 0.9% in April, compared to the S&P 500's near 9% loss for its worst month since March 2020, according to HFR. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Altimeter Capital. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. San Francisco, CA 94105 Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . These licenses may or may not be disclosed by the Content Creator in the Blog. Silicon Valley Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Menlo Park, CA 94025 The companies may have limited operating histories, little available public information. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. Link to 13F filings: SEC filings. 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. ? 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. In this article, we reviewed Brad Gerstner's biography and investment track record. 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. 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. Catherine Woods fund seeks out Disruptive Innovation.. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Altimeter.com is . https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. 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.. The bullishness on TikTok is obvious, but Meta not so much. 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. are based in the United States. Overreacting during times of uncertainty. 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. Number of Exits 22. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. The firm focuses on technology investments in both public and private markets globally. Performance Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Shrilekha Pethe for Sign up for free newsletters and get more CNBC delivered to your inbox. The fund has exact preference in some . [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). to see more advanced email alert options such as selecting any type of [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Brad Gerstner. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . A new $450M tech SPAC. The . $6.9 M. At 09/30/2022: $4,676,285. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Ideal for intelligent investors with $50,000+ portfolios. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. 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. 2021 Workweek Media Inc. All rights reserved. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. . "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.". Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. 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 . This has significant impacts on both Brads personal life and Altimeters investing style. 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. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Brad Gerstner Bio, Returns, AUM, Net Worth. Description. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. About us. Map . of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. A Division of NBCUniversal. 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 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 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. These symbols will be available throughout the site during your session. [1]: The fund focuses on investments in the United States as He is bullish on both, which to many could see as being contradicting. refer to our 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. 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. Subscribe to The Crossover today! Among the most successful fund investment fields, there are Marketplace, Cloud Computing. It is important here to also look at the Sharpe ratio, which stands at 8.96. Founder - Altimeter Capital. returns for each quarter. Altimeter CapitalAltimeter CapitalAltimeter Capital Contact Email [email protected]. This will schedule a job to export all requested 13f holdings data for this filer. The leading representative office of defined VC is situated in the Menlo Park. "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. Altimeter is a leading technology-focused investment firm built by founders for founders. Snowflake (SNOW) makes up more than half of Gerstners portfolio at 52%, followed by Meta Platforms (FB) and Uber Technologies (UBER) at 10.4% and 8.9%, respectively. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. Copyright 2023 Altimeter Capital. Thanks for the read! 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Alt Turnover is calculated by taking either the total MV of new purchases or Download 13F Summary That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. 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. 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 ("Altimeter") is an SEC-registered investment adviser. None of the information contained in the Blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Win whats next. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Annualized Growth Rate (CAGR). Tan Hooi Ling is a co-founder of Grab and the current COO. Reasons they site: 1. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. The article said Gerstner wanted to build a Venture Capital Empire. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. You can expect to hear more about Brad and some of his investments soon in The Crossover! Finance Department. Its first private fund was closed in 2013. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . Suite 4610 We focus only on the top 10 holdings. Warren Buffett's: Berkshire Hathaway. The author of this piece and/or members of Workweek media could be invested in companies discussed. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. 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. 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. Altimeter Capital has had 22 exits. the total portfolio value. An additional office of the firm is in Menlo Park, CA. The firm's highlight investments in the past two years include Airbyte, Discord . This means they effectively own approximately 0.1% of the company. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Bill Ackman's: Pershing Square Capital Management. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. While the firms mostly won't be able to sell their shares until lockup periods expire . Type a symbol or company name. 91. You are limited to the prior 8 quarters of 13F filings. Trading in such securities can result in immediate and substantial losses of the capital invested. Answer:Unbelievably well. 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. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. Get this delivered to your inbox, and more info about our products and services. In addition to quarterly performance, we show annualized performance and the . Investors react to every move they make. 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. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. Altimeter Capital Management is based out of Boston. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Investor Performance. 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. 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. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Ray Dalio's: Bridgewater Associates. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. Altimeter. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. He also served as a co-CEO of a travel company called National Leisure Group. They did not look at something as public or private investment. Venture firms netted handsome returns on paper for their early investments. HONG KONG (AP) Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. 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. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. 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. (Clickhereto subscribe to the Delivering Alpha newsletter.). In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in See you in your inbox every Monday and Thursday. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Subscribe to WhaleWisdom to view all filing data Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. OriginalWhaleScore altimeter capital returnsstriped bark scorpion altimeter capital returns. Everything in Dividend Ideas. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. 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 manages a variety of venture and Want to get these in your inbox to never miss an edition? 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. The total portfolio value may be much higher due to cash . [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. regarding PitchBook Data's products. I think launching the fund wasnt actually crazy, but ratherbrilliant. The managers portfolio has a Sharpe ratio of 7.98. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500.