Meta shareholder wants Facebook parent to cut jobs, spending Meta shareholder tells company to cut staff, 'get fit and focused' 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. Annualized Growth Rate (CAGR). . Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. Investors believe they can predict the future. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Later in 2013, Brad looked to continue to capitalize off his success and launched . [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. 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. Compare against similar firms. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities and a top 10 holdings concentration of 99.95%. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Download 13F Summary Quickly find out what the most recently closed or increased positions are. 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. or to simply have an email sent to you whenever we receive a new The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. the total portfolio value. Everyone thought he was crazy.. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. 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. Altimeter Capital. Copy and paste multiple symbols separated by spaces. to see more advanced email alert options such as selecting any type of 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. 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) . Investment Advisor Altimeter takes a deep fundamental approach to security analysis. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Altimeter Capital Management, LP 13F Filings A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. 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. Login : Altimeter Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. 64% of the total holdings value. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. . GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG About us. Hedge Fund - Altimeter Capital Management - Insider Monkey Suite 150 Louis Bacon's: Moore Capital Management. 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! On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management That would make it the largest SPAC merger ever, more than [] Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities At 12/31/2022: $3,652,571. He founded a technology-focused investment firm called Altimeter Capital in 2008. Get this delivered to your inbox, and more info about our products and services. Welcome to Sure Dividend - Sure Dividend When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. The managers portfolio has a Sharpe ratio of 7.98. 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. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . He is bullish on both, which to many could see as being contradicting. Altimeter Capital 53 Portfolio companies, 81 Investments, Team A Look at the Best Performing Hedge Fund Managers In 2021 Hedge Fund While the merger is supposed to generate 1.5 billion Euros along with investments and cost synergies for Eutelsat, many worry about the short-term cash burn and the contrasting relationships with Russia between the two companies. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Altimeter Capital Fund Manager Profile | Preqin 2021 Workweek Media Inc. All rights reserved. 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 . Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. 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. One International Place Suite 2400. One International Place, Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. 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. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Map , Boston Brad Gerstner's Tweets. us for more details. Top 10 Stocks Held By Altimeter Capital Management LP News Briefs. Please WhaleWisdom gives Altimeter Capital a WhaleScore of 99 meaning Gerstners fund ranks near the pinnacle of 13F performance among all hedge funds long portfolio performance. 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. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Altimeter | LinkedIn This has significant impacts on both Brads personal life and Altimeters investing style. Investors react to every move they make. In addition to quarterly performance, we show annualized performance and the . After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. The information in the Blog constitutes the Content Creators own opinions. Altimeter manages a long / short public equity fund and private growth equity funds. Right? 535 Mission Street, 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. All rights reserved. The leading representative office of defined VC is situated in the Menlo Park. Altimeter is a leading technology-focused investment firm built by founders for founders. Finance Department. When completed, an email will be sent to the email address you specify Nothing on this website constitutes, or is meant to constitute, advice of any kind. Plan. Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Manager Monday: Altimeter Capital Management - Novus Altimeter Capital is the famous VC, which was founded in 2008. An additional office of the firm is in Menlo Park, CA. The author of this piece and/or members of Workweek media could be invested in companies discussed. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. 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. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. 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). Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Fintel is a registered trademark. 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. Altimeter Capital Portfolio Investments, Altimeter Capital Funds All Rights Reserved. Read full disclaimer >. (Clickhereto subscribe to the Delivering Alpha newsletter.). Andy Brown is the CEO and portfolio manager of Cedar Rock Capital, an independent investment firm founded in 2002 and ranked #5 on this list. Is a crash imminent? 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. Altimeter Capital Management Portfolio | Brad Gerstner 13F Holdings institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). Stocks with a size of more than $10 billion in market cap make up You can expect to hear more about Brad and some of his investments soon in The Crossover! Cedar Rock is based out of London, United Kingdom. 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. Altimeter.com is Altimeters only website. Tan Hooi Ling is a co-founder of Grab and the current COO. Alt Turnover is calculated by taking either the total MV of new purchases or The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. 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. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. 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.