[3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. SEC form, multiple filers or classes of filers, and much more.***. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). So, without further ado, using TipRanks data, here are some of the top-ranked hedge fund managers from some of the Best Hedge Funds this year. 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. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. I was intrigued by this idea of public market investors also doing private market investing. Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Brad Gerstner. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. 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. See you in your inbox every Monday and Thursday. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. San Francisco, CA 94105 Easily, the highlight of the game for everyone was oddly the rain delay. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker Question:If you think you will be on a word crunch, why are you using words to explain how you are feeling instead of just jumping right in? The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. ? You must have a subscription to view WhaleScore histories. In addition to quarterly performance, we show annualized performance and the . . You can reach the main office by . Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. 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). Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Care to explain? Return to search. Welcome to Sure Dividend - Sure Dividend Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Altimeter manages a variety of venture and [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Nothing on this website constitutes, or is meant to constitute, advice of any kind. 2021 Workweek Media Inc. All rights reserved. Later in 2013, Brad looked to continue to capitalize off his success and launched . Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates. divided by the total MV of the fund. Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. 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 manages a long / short public equity fund and private growth equity funds. 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. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). 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. 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%. are based in the United States. Boston, Massachusetts, 02110, 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. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. All rights reserved. Growth to continue post-pandemic? Brad Gerstner Bio, Returns, AUM, Net Worth. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . $4.33 billion and $4.33 billion respectively. Bruce Berkowitz's: Fairholme Capital Management. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. TipRanks->. The fund was located in North America if to be more exact in United States. for Q4 2022: commodity pool operator or commodity trading advisor, Percentage of assets under management,Performance-based fees, CHIEF COMPLIANCE OFFICER/DIRECTOR OF FINANCE, CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER, ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER LLC, MANAGING MEMBER ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER, LLC. The total portfolio value may be much higher due to cash Altimeter Capital Management's 14 Stock Portfolio: Top 10 Holdings 64% of the total holdings value. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Copyright 2023 Altimeter Capital. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. 3. Altimeter is a leading technology-focused investment firm built by founders for founders. 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. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Type a symbol or company name. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Altimeter Capital Management is an investment firm that operates within the technology sector. 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. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Altimeter Capital Management LP | AUM 13F 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. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Trading in such securities can result in immediate and substantial losses of the capital invested. 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. Altimeter Capital 53 Portfolio companies, 81 Investments, Team Meta shareholder wants Facebook parent to cut jobs, spending Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. They manage 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. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Map . Get our editors daily picks straight in your inbox! Shrilekha Pethe for 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.