. ALTIMETER CAPITAL MANAGEMENT, LP SC 13G/A Filing Concerning SNOW on Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Altimeter is a leading technology-focused investment firm built by founders for founders. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Equal-WTWhaleScore 2.0 Thanks for the read! 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. 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. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. As of 12/31/2022, below is a summary of the Altimeter Capital Management . The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. Passing Through Joined January 2009. to see more advanced email alert options such as selecting any type of Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine Top 10 Stocks Held By Altimeter Capital Management LP Altimeter SPAC goes public | PE Hub We give you the access and tools to invest like a Wall Street money manager at a Main Street price. A Division of NBCUniversal. Brad Gerstner (@altcap) / Twitter 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 . The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. 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. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. . The fund was located in North America if to be more exact in United States. 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 . It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. . 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. An additional office of the firm is in Menlo Park, CA. Written by The music was electric and fans were dancing on the big screen. 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. See you in your inbox every Monday and Thursday. Altimeter Capital Management, LLC - Brad Gerstner - TipRanks It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Brad invested in Priceline @ about $45 a share and 5 years later, the stock was over $1000, representing a 24x return on the invested capital in just a few years. Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management Boston, Massachusetts, 02110, Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Altimeter manages a long / short public equity fund and private growth equity funds. 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 Meta investor Altimeter Capital called on the company to cut its staff and to limit its investments on expanding into the virtual reality metaverse world in an open letter published Monday. They manage Besides for Peltz, Trians founding partners include Ed Garden and Peter May. Compare against similar firms. The companies may have limited operating histories, little available public information. Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. Altimeter LLC. the total portfolio value. 71.4% of the portfolio companies Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Altimeter Capital Management LP. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. All Rights Reserved. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. 2023 CNBC LLC. It sold the previously owned 1,155,613 shares for $138 million. Contact Email info@altimeter.com. Altimeter.com is . This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. $6.9 M. Join the more than 1.5 million industry professionals who get our daily newsletter! The IRR is equivalent to the Compound The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. public funds and serves as an expert long-term partner to companies as they enter the public markets. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Currently, their heaviest sector is Technology making up 85.1% of Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Sign up for free newsletters and get more CNBC delivered to your inbox. That would make it the largest SPAC merger ever, more than [] 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. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . You must have a subscription to view WhaleScore histories. Counting life in days and acts of kindness. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Personally, this means less time traveling and going to dinners but more time in nature and with his family. 2015-2023 Fintel Ventures LLC. [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Growth to continue post-pandemic? Brad Gerstner. Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. We focus only on the top 10 holdings. [1]: Brad Gerstner - Forbes Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. altimeter capital returns; altimeter capital returns. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Likes. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. 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. 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. We make money even in declining markets.". ? In contrast, the S&P 500 stock index has gained 290.9%. Reasons they site: 1. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. or to simply have an email sent to you whenever we receive a new Got a confidential news tip? A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. Investor Type Hedge Fund, Venture Capital. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight In a $400M fund we might have 10 investments.. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Performance Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Link to 13F filings: SEC filings. The Boston-based firm held more than 36 million shares in the cloud data . 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. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in What jumps out to you the most about Altimeters journey? When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Essentialism is a concept byGreg Mckeownthat emphasizes the idea of not stretching yourself too thin, and rather focusing on doing less and enriching what you choose to spend your time on. The information in the Blog constitutes the Content Creators own opinions. Toast, Inc. (NYSE:TOST) Given Average Recommendation of "Hold" by 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. Kims portfolio has gained a whopping 569.2% since 2013. GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG 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. regarding PitchBook Data's products. Tan Hooi Ling is a co-founder of Grab and the current COO. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. And annual 13F returns of 30% since 2011", "Investors push for board shake-up at United Continental Holdings", "United was 'clumsy' at first in scandal, but eventually 'got it right,' investor says", "Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on 'metaverse', "Meta Needs to Slash Metaverse Spending to 'Get Mojo Back,' Shareholder Says", "Meta laying off more than 11,000 employees: Read Zuckerberg's letter announcing the cuts", "FTX Fiasco Hits Investors From Tiger Global to Tom Brady", "Pine Labs: Actis, Altimeter put $82 million in Pine Labs to grow roots", Taxation of private equity and hedge funds, Alternative investment management companies, History of private equity and venture capital, Private investment in public equity (PIPE), Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Altimeter_Capital&oldid=1133952390, Financial services companies established in 2008, Financial services companies based in Massachusetts, Companies based in Menlo Park, California, Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 January 2023, at 07:44. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. United Stockholders Altimeter Capital and PAR Capital Announce Proxy Altimeter Capital Management, LP - Investor Performance Hedge fund XN was one of 2020s largest new funds. us for more details. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Revenue. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Answer:Unbelievably well. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. He is bullish on both, which to many could see as being contradicting. This has significant impacts on both Brads personal life and Altimeters investing style. Altimeter.com is Altimeter's only website. 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. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. A Recession Is Already Here, Hedge Fund Manager Says Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Hedge Funds fall under the category of alternative investments. [2] The firm focuses on technology investments in both public and private markets globally. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. OriginalWhaleScore Question:If you think you will be on a word crunch, why are you using words to explain how you are feeling instead of just jumping right in? Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Type a symbol or company name. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Data is a real-time snapshot *Data is delayed at least 15 minutes. Investor Performance. 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. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. 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). His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Overreacting during times of uncertainty. 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. Ray Dalio's: Bridgewater Associates. 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. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. 706 Following. 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. 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. Seeking profits from 13D & 13G filings? Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. It was a blast. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Altimeter Capital Management is based out of Boston. Phone Number (617) 310-6180. 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. 535 Mission Street, Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . 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. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. (Clickhereto subscribe to the Delivering Alpha newsletter.). 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. 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. email address below and choose 'Submit'. About us. Home : Altimeter Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. To screen for upcoming or past SPAC . At 09/30/2022: $4,676,285. 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. All rights reserved. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Is a crash imminent? Altimeter Capital 's most notable exits include . 82.9K Followers. Altimeter Capital is the famous VC, which was founded in 2008. The author of this piece and/or members of Workweek media could be invested in companies discussed. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. This website is not an offer to, or solicitation of, any potential clients or investors for any . The total portfolio value may be much higher due to cash The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Grab to list in US via $40 bln merger with Altimeter Growth The information in this website is for general reference purposes and is subject to change without notice or update. ? Steven Cohen's: Point72 Asset Management. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. One International Place, The firm focuses on technology investments in both public and private markets globally. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . Altimeter is a leading technology-focused investment firm built by founders for founders. Altimeter Capital 53 Portfolio companies, 81 Investments, Team From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. older whippets for rehoming Altimeter | LinkedIn Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Meta shareholder tells company to cut staff, 'get fit and focused' 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? containing a link to download the .zip file of the CSV file(s) you requested. 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. While the firms mostly won't be able to sell their shares until lockup periods expire . 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). Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Designed for 5 yrs, ISRO-launched satellite completes decade and Brad Gerstner Bio, Returns, AUM, Net Worth. If you require advice in relation to any financial matter you should consult an appropriate professional. These positions were updated on August 15th based on the funds latest 13F filing. Media. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. I was intrigued by this idea of public market investors also doing private market investing. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. 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 . Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Copyright 2023 Altimeter Capital. [11] United Continental Holdings eventually gave in and changed its board of directors. the MV of securities sold, whichever is less, This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. 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. Easily, the highlight of the game for everyone was oddly the rain delay. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Question:Okay then. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. You are limited to the prior 8 quarters of 13F filings. Altimeter Capital Management LLC. 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. 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. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. 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. Tweets. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. The fund has exact preference in some . 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. Create Email Alert, ***Log In or . [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. View the latest funds and 13F holdings. United Stockholders Altimeter Capital and PAR Capital Express Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. 2550 Sand Hill Road, 2023 PitchBook. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Altimer Capital Custom tailored debt financing solutions Investors react to every move they make. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the .