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 . Altimeter Capital Management's Performance. 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. Type a symbol or company name. With SNOW currently trading at $242, that stake is now worth $8.8 billion. Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. A new Overreacting during times of uncertainty. Annualized Growth Rate (CAGR). They manage What jumps out to you the most about Altimeters journey? 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. 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. 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. $4.33 billion and $4.33 billion respectively. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Hedge Funds fall under the category of alternative investments. Altimeter Capital Fund Manager Profile | Preqin Altimeter Capital - Wikipedia Altimeter. Altimeter Capital's second 'blank check' IPO raises $400 million Question:Okay then. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Ray Dalio's: Bridgewater Associates. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. divided by the total MV of the fund. 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. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. 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. The music was electric and fans were dancing on the big screen. Copy and paste multiple symbols separated by spaces. Altimeter is a leading technology-focused investment firm built by founders for founders. $6.9 M. Investing in the investments discussed in the Blog may be risky and speculative. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. All rights reserved. You must have a subscription to view WhaleScore histories. Akre Capital Management was founded in 1989 and is an asset management firm. 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. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. Got a confidential news tip? I was intrigued by this idea of public market investors also doing private market investing. [2]: We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Its first private fund was closed in 2013. 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. 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. Altimeter Capital has made 91 investments. Altimeter is a leading technology-focused investment firm built by founders for founders. Nothing on this website constitutes, or is meant to constitute, advice of any kind. You are limited to the prior 8 quarters of 13F filings. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Do Not Sell My Personal Information (CA Residents Only). See you in your inbox every Monday and Thursday. 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. The author of this piece and/or members of Workweek media could be invested in companies discussed. Likes. # . On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . There are currently 14 companies in Mrs. Daviss portfolio. 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. This means they effectively own approximately 0.1% of the company. Altimeter.com is Altimeters only website. Bill Ackman's: Pershing Square Capital Management. Altimeter.com is . Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. S&P 500WhaleScore Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . 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. He founded a technology-focused investment firm called Altimeter Capital in 2008. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. to see more advanced email alert options such as selecting any type of This leaves the value of the investment at $2.36 billion and 17,001,796 shares. The IRR is equivalent to the Compound Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. 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. 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 - Forbes Fast forward seven years, and Gerstner has pretty much achieved his goal. Copyright 2023 Altimeter Capital. One International Place, Silicon Valley Our team will review your remarks prior to publishing. San Francisco, CA 94105 Grab to list in US via $40 bln merger with Altimeter Growth In a $400M fund we might have 10 investments.. Altimeter Capital Management General Information. Brad Gerstner, Chair and CEO of Altimeter Capital Management LLC, penned an open letter to Meta Platforms (NASDAQ:META).Altimeter owns more than 2 million shares of Meta Platforms and has been a long-time investor. Fintel . Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. Altimeter manages a variety of venture and Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. 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). They did not look at something as public or private investment. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Altimeter Capital is the famous VC, which was founded in 2008. 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%. Altimeter Capital Management Investor Profile: Portfolio & Exits ? This has significant impacts on both Brads personal life and Altimeters investing style. It was a blast. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Care to explain? 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. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. 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. older whippets for rehoming Altimeter Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, raised $450 million by offering 45 million units at $10. 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. So, which sector is Kim most bullish about? Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and Later in 2013, Brad looked to continue to capitalize off his success and launched . Altimeter Capital's tech SPAC Altimeter Growth Corp. prices $450 privacy policy or contact Shrilekha Pethe for Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Past performance is not an indication of future results. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Venture firms netted handsome returns on paper for their early investments. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Get this delivered to your inbox, and more info about our products and services. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Subscribe to WhaleWisdom to view all filing data Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Reasons they site: 1. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. I am not kidding. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Alt Turnover is calculated by taking either the total MV of new purchases or On this Wikipedia the language links are at the top of the page across from the article title. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Warren Buffett's: Berkshire Hathaway. ALTIMETER CAPITAL MANAGEMENT, LP Top 13F Holdings - WhaleWisdom.com On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. Altimeter Capital Management is an investment firm that operates within the technology sector. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Data is a real-time snapshot *Data is delayed at least 15 minutes. Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and Growth to continue post-pandemic? 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Louis Bacon's: Moore Capital Management. 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. Investment Advisor TipRanks->. Altimeter Capital's Brad Gerstner Issues Open Letter to Meta (META) and Menlo Park, CA 94025 Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Performance numbers calculated through 2023-02-14. At 09/30/2022: $4,676,285. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities 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. Altimeter Capital Management, LP - Investor Performance Altimeter Capital 's most notable exits include . Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. the MV of securities sold, whichever is less, In addition to quarterly performance, we show annualized performance and the We focus only on the top 10 holdings. Fintel is a registered trademark. 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. 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. 3. This website is not an offer to, or solicitation of, any potential clients or investors for any . 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. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? All Rights Reserved. Thanks for the read! 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. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Altimeter takes a deep fundamental approach to security analysis. 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. The majority of the companies in the funds portfolio are large-cap stocks. How do I update this listing? Altimeter Capital Management LP. Cedar Rock is based out of London, United Kingdom. Altimeter Capital Company Profile | Management and Employees List [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Altimeter Capital Management Team | Org Chart Hedge Fund - Altimeter Capital Management - Insider Monkey 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. This will schedule a job to export all requested 13f holdings data for this filer. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. The average market cap of the portfolio companies is close to $270 billion. ? Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. The leading representative office of defined VC is situated in the Menlo Park. Fast forward seven years, and Gerstner has pretty much achieved his goal. Seeking profits from 13D & 13G filings? . Altimeter Capital - Free Partner Email & Investor Profile Altimeter Capital Management's 14 Stock Portfolio: Top 10 Holdings Tan Hooi Ling is a co-founder of Grab and the current COO. 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. https://www.linkedin.com/company/altimeter-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. While the firms mostly won't be able to sell their shares until lockup periods expire . Deals with Altimeter Capital participation, Morningstar Institutional Equity Research.