Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. How do I update this listing? Trading in such securities can result in immediate and substantial losses of the capital invested. The information in this website is for general reference purposes and is subject to change without notice or update. [11] United Continental Holdings eventually gave in and changed its board of directors. 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. ? The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). Altimeter Capital Management LP Top Holdings 13F Filings One International Place Suite 2400. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Investor Performance. 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. Brad Gerstner is an American investor and entrepreneur. "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. Alt Turnover is calculated by taking either the total MV of new purchases or Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . . Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. On this Wikipedia the language links are at the top of the page across from the article title. Hedge Fund - Altimeter Capital Management - Insider Monkey The bullishness on TikTok is obvious, but Meta not so much. Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. the MV of securities sold, whichever is less, Suite 4610 As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. In contrast, the S&P 500 stock index has gained 290.9%. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. altimeter capital returnsstriped bark scorpion altimeter capital returns. Altimeter manages a long / short public equity fund and private growth equity funds. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Since 2011, holding an equal-weight portfolio of the funds top 20 13F positions, and rebalancing quarterly, would have generated average annual returns of 29.52%. or to simply have an email sent to you whenever we receive a new It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? Quarter Holdings Value ($000) Form Type Date Filed Filing ID Name; Q4 2022: 11: 3,652,571: 13F-HR: 2/14/2023: 000154161723000003: Altimeter Capital Management, LP Easily, the highlight of the game for everyone was oddly the rain delay. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Get this delivered to your inbox, and more info about our products and services. Altimeter Capital Management Investor Profile: Portfolio & Exits At 12/31/2022: $3,652,571. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. Attached below are some of the articles and podcasts I used to help put this piece together! Hedge Fund Altimeter.com is . Plan. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Founder - Altimeter Capital. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Map , Boston 3. The author of this piece and/or members of Workweek media could be invested in companies discussed. Judging by the hedge funds portfolio, it seems to be the technology sector, with an approximately 66% investment in this sector, followed by the financial sector. Compare against similar firms. 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. [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Performance numbers calculated through 2023-02-14. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. United Stockholders Altimeter Capital and PAR Capital Express The firm's highlight investments in the past two years include Airbyte, Discord . Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? 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. . Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Altimeter Capital Fund Manager Profile | Preqin 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. Everyone thought he was crazy.. Brad Gerstner Bio, Returns, AUM, Net Worth. The IRR is equivalent to the Compound Altimeter | LinkedIn Steven Cohen's: Point72 Asset Management. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. As revealed in a recent 13D filing with the US SEC, Brad Gerstner's Altimeter Capital Managemententered into a settlement agreement with theUnited Continental Holdings Inc. 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. The total portfolio value may be much higher due to cash SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. I was intrigued by this idea of public market investors also doing private market investing. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. [2] The firm focuses on technology investments in both public and private markets globally. It is important here to also look at the Sharpe ratio, which stands at 8.96. 2. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and Altimeter Capital 's most notable exits include . One International Place, Brad Gerstner (@altcap) / Twitter Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Grab to list in US via $40 bln merger with Altimeter Growth 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. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. That would make it the largest SPAC merger ever, more than [] 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. We make money even in declining markets.". Hedge fund XN was one of 2020s largest new funds. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. 10.8% 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. Past performance is not an indication of future results. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Contact Email info@altimeter.com. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Altimeter Capital Management Portfolio | Brad Gerstner 13F Holdings The fund has exact preference in some . assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. BOSTON, MA Is a crash imminent? The companies may have limited operating histories, little available public information. altimeter capital returns; altimeter capital returns. A new $450M tech SPAC. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. The article said Gerstner wanted to build a Venture Capital Empire. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Brad Gerstner - Forbes The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. Altimeter Capital's tech SPAC Altimeter Growth Corp. prices $450 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 . Akre Capital Management was founded in 1989 and is an asset management firm. Altimeter.com is Altimeter's only website. Revenue. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Hedge fund winners and losers emerge in brutal tech-driven sell-off - CNBC 2550 Sand Hill Road, Win whats next. 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. The hedge fund managers portfolio has given annualized average returns of 58.4% in the past three years, and Kim currently manages assets worth $569.8 million. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . Altimeter CapitalAltimeter CapitalAltimeter Capital Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. What jumps out to you the most about Altimeters journey? Brad Gerstner | 2023 Phocuswright Conference: November 13-16, 2023, Ft Answer:Easily the origins of the fund. Altimeter Capital 53 Portfolio companies, 81 Investments, Team [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Altimeter Capital Management, L.P. 13F annual report Altimeter Capital Management Fund Performance History & Annualized Return Finance Department. Question:Okay then. Buying high. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. 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.