Altimeter Capital has had 22 exits. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. [1]: 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. Altimeter Capital employs 13 employees. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. What jumps out to you the most about Altimeters journey? [2] The firm focuses on technology investments in both public and private markets globally. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. 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. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Care to explain? Altimeter Capital is in talks with ride . Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Later in 2013, Brad looked to continue to capitalize off his success and launched . Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. 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 firm's highlight investments in the past two years include Airbyte, Discord . The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). On this Wikipedia the language links are at the top of the page across from the article title. 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. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Sign-up Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. 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. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. 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. All rights reserved. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Normally $755/year for everything included. Answer:Easily the origins of the fund. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. Trading in such securities can result in immediate and substantial losses of the capital invested. The music was electric and fans were dancing on the big screen. 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. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. This has significant impacts on both Brads personal life and Altimeters investing style. 535 Mission Street, If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. Altimeter is known for its long-term focus, concentrated investment approach, and exceptional returns across both its public hedge fund and private growth equity funds. Altimeter Capital has made 7 diversity investments. The author of this piece and/or members of Workweek media could be invested in companies discussed. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Sign up for free newsletters and get more CNBC delivered to your inbox. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. The majority of the companies in the funds portfolio are large-cap stocks. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Akre Capital Management was founded in 1989 and is an asset management firm. refer to our Revenue. email address below and choose 'Submit'. 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. Past performance is not an indication of future results. San Francisco, CA 94105 The largest investments include Snowflake and Microsoft, together worth $2.82 billion. 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. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. 2023 CNBC LLC. Altimeter Capital Management is an investment firm that operates within the technology sector. 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 . 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. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. 2015-2023 Fintel Ventures LLC. . We focus only on the top 10 holdings. "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. Number of Exits 22. The . Kims portfolio has gained a whopping 569.2% since 2013. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Investors believe they can predict the future. 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. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Altimeter.com is . [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. 2550 Sand Hill Road, Altimeter Capital Management is based out of Boston. Please ? 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. They did not look at something as public or private investment. 2. Suite 4610 Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . BOSTON, MA 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. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. These positions were updated on August 15th based on the funds latest 13F filing. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in Sorry, no results has been found matching your query. Return to search. Attached below are some of the articles and podcasts I used to help put this piece together! Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. 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! [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. SEC form, multiple filers or classes of filers, and much more.***. Overreacting during times of uncertainty. Altimeter SPAC goes public. Luck befalls the curious mind. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. One International Place Suite 2400. I was intrigued by this idea of public market investors also doing private market investing. The article said Gerstner wanted to build a Venture Capital Empire. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. 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. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. The article said Gerstner wanted to build a Venture Capital Empire. 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. 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. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! An additional office of the firm is in Menlo Park, CA. While the firms mostly won't be able to sell their shares until lockup periods expire . Altimeter.com is Altimeter's only website. Altimeter is a leading technology-focused investment firm built by founders for founders. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. 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. To put that in perspective, excluding your large . Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages 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. The fund was located in North America if to be more exact in United States. Altimeter Capital Management is based out of Boston. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). All rights reserved. Altimeter takes a deep fundamental approach to security analysis. The information in this website is for general reference purposes and is subject to change without notice or update. Fintel is a registered trademark. 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. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. You can expect to hear more about Brad and some of his investments soon in The Crossover! Altimeter LLC. 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. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. 2021 Workweek Media Inc. All rights reserved. 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. 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. 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). Investor Type Hedge Fund, Venture Capital. 82.9K Followers. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. 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. 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%. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Suite 2310 The total portfolio value may be much higher due to cash Louis Bacon's: Moore Capital Management. Question:Was there one take that you felt that Brad made that was particularly interesting? Description. You must have a subscription to view WhaleScore histories. We make money even in declining markets.". All text and design is copyright 2020 WhaleWisdom.com. Reasons they site: 1. AGC is a SPAC which is a blank-check company. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Hedge Funds fall under the category of alternative investments. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . 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 Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. At 09/30/2022: $4,676,285. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. regarding PitchBook Data's products. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Compare against similar firms. 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. In contrast, the S&P 500 stock index has gained 290.9%. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The fund has exact preference in some . 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.. ? Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities.