altimeter capital returns altimeter capital returns

The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. He also served as a co-CEO of a travel company called National Leisure Group. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. 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 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. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Kultura Capital Management is being structured as a hybrid fund that will focus on late-stage tech startups as well as public companies, the person said. Get Contact Info for All Departments. Copyright 2023 Altimeter Capital. 2. 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. Luck befalls the curious mind. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 10.8% ALTIMETER CAPITAL MANAGEMENT, LP Total Shares: 25,784,379 Subject Company: Snowflake, Inc. - View Complete Ownership History Backtest Filed as of Date: 06/21/2021: Event Date: 06/10/2021: Overall % Ownership: 8.72: Theoretical performance if you bought this security on the day the filing was released. 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. (Clickhereto subscribe to the Delivering Alpha newsletter.). [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Passing Through Joined January 2009. altimeter capital returns. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Investment Advisor [2] The firm focuses on technology investments in both public and private markets globally. Copy and paste multiple symbols separated by spaces. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. In a $400M fund we might have 10 investments.. About. To screen for upcoming or past SPAC . The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. In April 2021 it was announced that AGC would merge with Singapore ridesharing company, Grab to help it list on Nasdaq under the ticker, GRAB. public funds and serves as an expert long-term partner to companies as they enter the public markets. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). Altimeter manages a variety of venture and 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. Hedge fund XN was one of 2020s largest new funds. Tech-focused investors like Brad Gerstner and Tiger Global are getting crushed as growth stocks became the epicenter of the market carnage in the face of rising rates. Popular Searches. Here are the 10 most popular hedge fund managers in WhaleWisdom. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. altimeter capital returnsstriped bark scorpion altimeter capital returns. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. 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. Create Email Alert, ***Log In or 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 is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. 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. Altimeter Capital Management is an investment firm that operates within the technology sector. It was a blast. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Per Altimeter's website: Altimeter Capital is a global investment . 91. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in They did not look at something as public or private investment. View the latest funds and 13F holdings. You can reach the main office by . Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. The number of deals was slightly lower than the 52 announcements reported in the same period last year, but it remained well above the second-quarter volume seen in 2020, 2019 and 2018, according to 451 Research. 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. We focus only on the top 10 holdings. older whippets for rehoming Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. "Some of these companies we buy have lower valuations and lower share prices than they did in March 2009," said James Rasteh, CIO of Coast. 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. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. I am not kidding. 706 Following. Join the more than 1.5 million industry professionals who get our daily newsletter! 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. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your 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. Download 13F Summary Altimeter Capital has had 22 exits. 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. Bill Ackman's: Pershing Square Capital Management. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Long-time Wayfair insider bought $13.6M of W on the open market. us for more details. 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. ? Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. TL;DR: Eutelsat Communications SA, a French satellite operator, and OneWeb, a UK satellite operator are set to combine in an all-share deal valuing OneWeb at $3.4 billion, a step toward creating a European champion to rival the likes of Elon Musks SpaceX. The music was electric and fans were dancing on the big screen. Answer:Unbelievably well. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Data is a real-time snapshot *Data is delayed at least 15 minutes. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. Personally, this means less time traveling and going to dinners but more time in nature and with his family. Currently, their heaviest sector is Technology making up 85.1% of Gerstner has proven himself to be a world-class stock picker. Fast forward seven years, and Gerstner has pretty much achieved his goal. $6.9 M. 2023 CNBC LLC. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. 71.4% of the portfolio companies , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. 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. 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. Investors believe they can predict the future. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. 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. They manage Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. SEC form, multiple filers or classes of filers, and much more.***. Watch for disclosures from these smart money hedge funds. Written by 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. "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. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. The IRR is equivalent to the Compound Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. 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 . Map , Boston They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. 2023 PitchBook. 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. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. 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. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. 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. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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. 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%. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. 2550 Sand Hill Road, It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. In contrast, the S&P 500 stock index has gained 290.9%. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. Altimeter Capital Management LLC. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Subscribe to WhaleWisdom to view all filing data Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. 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. Hedge Fund [2]: We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. He is bullish on both, which to many could see as being contradicting. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . The firm focuses on technology investments in both public and private markets globally. Subscribe to The Crossover today! Kims portfolio has gained a whopping 569.2% since 2013. Altimeter Growth Corp's shares have gained 25% since listing. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. Get this delivered to your inbox, and more info about our products and services. ? Question:Okay then. 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. How do I update this listing? On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. San Francisco, CA 94105 Tan Hooi Ling is a co-founder of Grab and the current COO. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. To calculate this, This means they effectively own approximately 0.1% of the company. All text and design is copyright 2020 WhaleWisdom.com. Got a confidential news tip? 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, according to data from HFR. In addition to quarterly performance, we show annualized performance and the . Brad Gerstner is an American investor and entrepreneur. Let me know what you thought by replying back to this email. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. privacy policy or contact Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. This has significant impacts on both Brads personal life and Altimeters investing style. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. An additional office of the firm is in Menlo Park, CA. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. In addition to quarterly performance, we show annualized performance and the The information in this website is for general reference purposes and is subject to change without notice or update. Performance 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! Answer:Overwhelmed, but not why you might think. Altimeter Capital has made 91 investments. 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. 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. Menlo Park, CA 94025 He founded a technology-focused investment firm called Altimeter Capital in 2008. David Einhorn's: Greenlight Capital. Equal-WTWhaleScore 2.0 Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. 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. One International Place Suite 2400. Investors react to every move they make. Silicon Valley Altimeter.com is Altimeter's only website. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . 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. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. The stocks discussed may be volatile and illiquid. Thats nearly 2.2x the annual return of the S&P 500 over that period. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. 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. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. 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. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. While shareholders will split the newly merged company, Eutelsat CEO Eva Berneke will run the company, and Eutelsats chairman, Dominique DHinnin, is set to be chairman of the company, with his OneWeb counterpart, Sunil Bharti Mittal, set to be co-chair and vice president. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. 2015-2023 Fintel Ventures LLC. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). 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. Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say, David Einhorn on his winning short 'bubble basket' strategy that he's continuing, Stock pickers continue to shine after a better year and here are their favorite names in 2023. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. 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. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. The fund has exact preference in some . 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. email address below and choose 'Submit'. All rights reserved. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Altimeter is a leading technology-focused investment firm built by founders for founders. What jumps out to you the most about Altimeters journey? Contact Email info@altimeter.com. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence.