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. The average market cap of the portfolio companies is close to $270 billion. The Boston-based firm held more than 36 million shares in the cloud data . 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. Eutelsat continues to provide satellite services to nearly 50% of Russias population, while OneWeb uses SpaceX to launch their satellites since Russias invasion of Ukraine. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. The companies may have limited operating histories, little available public information. TipRanks->. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. The . This website is provided as is without any representations or warranties, express or implied. 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 Capital Management, LLC's average return in the last 3 years was 25.03%. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. In contrast, the S&P 500 stock index has gained 290.9%. Chase Coleman's: Tiger Global 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. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. altimeter capital returns. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Altimeter Capital: From $3M to $1B in 5 years, Investing with Altimeter Capitals Brad Gerstner, Brad Gerstner Public & Private Investing, Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX, See you in your inbox every Monday and Thursday. 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. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. [2] The firm focuses on technology investments in both public and private markets globally. Shrilekha Pethe for We focus only on the top 10 holdings. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. 2550 Sand Hill Road, [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . 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 . His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. To put that in perspective, excluding your large . Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Warren Buffett's: Berkshire Hathaway. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Overreacting during times of uncertainty. 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. public funds and serves as an expert long-term partner to companies as they enter the public markets. 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. Sign-up Got a confidential news tip? Trading in such securities can result in immediate and substantial losses of the capital invested. All rights reserved. Altimeter is a leading technology-focused investment firm built by founders for founders. https://www.linkedin.com/company/altimeter-capital . BOSTON, MA Plan. 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. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. He founded a technology-focused investment firm called Altimeter Capital in 2008. A look at the hedge funds managers portfolio activity indicates that Microsoft (MSFT) makes up 9.3% of the portfolio, followed by Amazon (AMZN) and Aon (AON) at 8.8% and 8.5%, respectively. 2015-2023 Fintel Ventures LLC. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. Let me know what you thought by replying back to this email. Subscribe to WhaleWisdom to view all filing data Here are the 10 most popular hedge fund managers in WhaleWisdom. Investors react to every move they make. Over the last three years, Meta has also dramatically increased its capital expenses. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. We want to hear from you. Altimeter Capital Management is an investment firm that operates within the technology sector. Everyone always talks about the new FinTech companies on the scene, but. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. The firm focuses on technology investments in both public and private markets globally. Brad is the Founder and CEO of Altimeter Capital - an internet, software, and travel focused investment firm founded in 2008 and located in Silicon Valley and Boston. $6.9 M. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Counting life in days and acts of kindness. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. 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. Want to get these in your inbox to never miss an edition? 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. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. For media inquiries, please contact press@altimeter.com. Type a symbol or company name. All text and design is copyright 2020 WhaleWisdom.com. 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. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Altimeter Capital has made 7 diversity investments. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . 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. Altimeter Capital employs 13 employees. Historical performance of Altimeter Capital Management, showing the return on investment of the portfolio managed by Brad Gerstner and comparing it to other hedge funds. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Ideal for intelligent investors with $50,000+ portfolios. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. See you in your inbox every Monday and Thursday. and a top 10 holdings concentration of 99.95%. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Altimeter.com is Altimeter's only website. Altimeter LLC. Suite 150 In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. Investor Type Hedge Fund, Venture Capital. Hedge Funds fall under the category of alternative investments. The article said Gerstner wanted to build a Venture Capital Empire. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. Finance Department. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Altimeter.com is Altimeters only website. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. 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. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. 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. All rights reserved. Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. 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). Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Contact Email info@altimeter.com. So, which sector is Kim most bullish about? Louis Bacon's: Moore Capital Management. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. Likes. 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. The total portfolio value may be much higher due to cash 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. Win whats next. The majority of the companies in the funds portfolio are large-cap stocks. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. At 09/30/2022: $4,676,285. The managers portfolio has a Sharpe ratio of 7.98. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. The author of this piece and/or members of Workweek media could be invested in companies discussed. Unlike an ordinary SPAC . are based in the United States. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). It sold the previously owned 1,155,613 shares for $138 million. Fast forward seven years, and Gerstner has pretty much achieved his goal. . Tweets & replies. 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. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. Altimeter.com is . AGC is a SPAC which is a blank-check company. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . The Boston-based firm held more than 36 million shares in the cloud data company for a stake worth around $8.3 billion at current prices. 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. 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(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.