Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Altimeter.com is . The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. TipRanks->. the total portfolio value. Chase Coleman's: Tiger Global Management. 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. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. public funds and serves as an expert long-term partner to companies as they enter the public markets. Altimeter takes a deep fundamental approach to security analysis. Then theres Snowflake (SNOW). You can reach the main office by . Views here personal. Altimeter Capital has made 7 diversity investments. . Toast, Inc. (NYSE:TOST) Given Average Recommendation of "Hold" by 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. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. The article said Gerstner wanted to build a Venture Capital Empire. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Currently, their heaviest sector is Technology making up 85.1% of GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG 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. Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. He founded a technology-focused investment firm called Altimeter Capital in 2008. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Annualized Growth Rate (CAGR). Copy and paste multiple symbols separated by spaces. I think launching the fund wasnt actually crazy, but ratherbrilliant. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Get our editors daily picks straight in your inbox! Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Akres portfolio has a Sharpe ratio of 8.06 with 57.9% of the portfolio invested in the financial sector and 25.1% invested in the technology sector. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Altimeter manages a long / short public equity fund and private growth equity funds. 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. Welcome to Sure Dividend - Sure Dividend The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine Nothing on this website constitutes, or is meant to constitute, advice of any kind. Altimeter is a leading technology-focused investment firm built by founders for founders. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Altimeter Capital Management Portfolio | Brad Gerstner 13F Holdings Altimeter Capital has had 22 exits. To calculate this, we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and returns for each quarter. 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 . It sold the previously owned 1,155,613 shares for $138 million. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. 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. 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. 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. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in "If you owned growth stocks this year - like we did at Altimeter - you got your face ripped off," Altimeter Capital's CEO Gerstner said in a Twitter post Thursday. Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and 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. Meta (META): Activist Investor Calling for Layoffs and Capex Cuts 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. So, which sector is Kim most bullish about? All Rights Reserved. About us. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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. email address below and choose 'Submit'. United Stockholders Altimeter Capital and PAR Capital Express What jumps out to you the most about Altimeters journey? ? When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. 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. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. 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. "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. 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, LLC's most recent 13F form was submitted on Dec 31, 2022. 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. Headquarters Location. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. News Briefs. 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. Shrilekha Pethe for 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. To calculate this, Altimeter SPAC goes public. Altimeter Capital: From $3M to $1B in 5 years - Workweek 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. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Watch for disclosures from these smart money hedge funds. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. Popular Searches. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Data is a real-time snapshot *Data is delayed at least 15 minutes. When completed, an email will be sent to the email address you specify altimeter capital returns. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Question:Okay then. The firm focuses on technology investments in both public and private markets globally. The fund has exact preference in some . altimeter capital returns Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Altimeter Growth Corp's shares have gained 25% since listing. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Altimeter Capital now has $5.92 billion under management in 27 different holdings with 97.62% allocated to the top 20 holdings in its hedge fund portfolio. Stocks with a size of more than $10 billion in market cap make up The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. Thank you and soon you will hear from one of our Attorneys. [1]: 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. For more information, please call (617) 310-6180 or email IR@altimeter.com. Altimeter Capital's tech SPAC Altimeter Growth Corp. prices $450 Subscribe to The Crossover today! Overreacting during times of uncertainty. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Here are the 10 most popular hedge fund managers in WhaleWisdom. Tweets & replies. Revenue. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Read full disclaimer >. 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. 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. It was a blast. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. A new As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. This website is not an offer to, or solicitation of, any potential clients or investors for any investment management, advisory or any other related services. United Stockholders Altimeter Capital and PAR Capital Announce Proxy Description. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Investors react to every move they make. 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. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. 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 is a hedge fund with 17 clients and discretionary assets under management (AUM) of $17,950,309,162 (Form ADV from 2022-05-27). The bullishness on TikTok is obvious, but Meta not so much. Buying high. 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). The . He is bullish on both, which to many could see as being contradicting. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Normally $755/year for everything included. returns for each quarter. Altimeter Capital Management LLC. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. We want to hear from you. and a top 10 holdings concentration of 99.95%. Create Email Alert, ***Log In or Altimeter Capital Management General Partner, LLC - Insider Trading Tracker 82.9K Followers. Altimeter Capital Management's Performance. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. 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. About. Meta shareholder wants Facebook parent to cut jobs, spending Reasons they site: 1. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed Got a confidential news tip? In a $400M fund we might have 10 investments.. Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. 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. Brad Gerstner (@altcap) / Twitter Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. Altimeter Capital Management's 14 Stock Portfolio: Top 10 Holdings Altimeter Capital has made 91 investments. Thanks for the read! "As a hedge fund we expect to lose less than the indexes on the way down - this year we have lost more Markets moved fast- we moved too slow.". Sign-up 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. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. Brad Gerstner Bio, Returns, AUM, Net Worth. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. 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. San Francisco, CA 94105 The IRR is equivalent to the Compound Subscribe to WhaleWisdom to view all filing data Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. 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. A Division of NBCUniversal. Akre Capital Management was founded in 1989 and is an asset management firm. 2021 Workweek Media Inc. All rights reserved. Brad Gerstner - Forbes Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Altimeter Capital Management LP Top Holdings 13F Filings Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million Home : Altimeter ALTIMETER CAPITAL - The Economic Times Suite 150 Altimeter is a leading technology-focused investment firm built by founders for founders. Our team will review your remarks prior to publishing. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. 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. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Per Altimeter's website: Altimeter Capital is a global investment . You can expect to hear more about Brad and some of his investments soon in The Crossover! Past performance is not an indication of future results. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. Investor Performance. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. Grab to list in US via $40 bln merger with Altimeter Growth