Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Currently, their heaviest sector is Technology making up 85.1% of 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. Gerstner has proven himself to be a world-class stock picker. 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. We make money even in declining markets.". ? Headquarters Location. # . Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. The IRR is equivalent to the Compound For media inquiries, please contact press@altimeter.com. Sorry, no results has been found matching your query. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. regarding PitchBook Data's products. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. These positions were updated on August 15th based on the funds latest 13F filing. SEC form, multiple filers or classes of filers, and much more.***. Fast forward seven years, and Gerstner has pretty much achieved his goal. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Altimeter Capital Chairman and CEO Brad Gerstner said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? The inks barely dry on Regal Funds Managements agreement to acquire VGI Partners, and already the countrys busiest hedge fund manager appears to be thinking about other opportunities. The music was electric and fans were dancing on the big screen. returns for each quarter. 2023 CNBC LLC. 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. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Investors react to every move they make. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. $4.33 billion and $4.33 billion respectively. This means they effectively own approximately 0.1% of the company. 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. 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. "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.". All rights reserved. 706 Following. 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. Win whats next. We want to hear from you. Create your Watchlist to save your favorite quotes on Nasdaq.com. "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. Investment Advisor The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. . Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. ? 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. Ray Dalio's: Bridgewater Associates. 2. Hedge fund XN was one of 2020s largest new funds. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. 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. 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. David Einhorn's: Greenlight Capital. Altimeter Capital Management is based out of Boston. Description. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Unlike an ordinary SPAC . Catherine Woods fund seeks out Disruptive Innovation.. altimeter capital returns. privacy policy or contact Brad Gerstner is an American investor and entrepreneur. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Type a symbol or company name. . The stocks discussed may be volatile and illiquid. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. All Rights Reserved. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . The Sohn Investment Conference, one of the biggest hedge fund gatherings of the year, took place yesterday in New York, with Bill Ackman, David Einhorn, Keith Meister, and Larry Robbins among the hedge Brad Gerstner's Altimeter Capital disclosed a 5.1% stake inTableau Software Inc (NYSE:DATA). Written by 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. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. 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. Steven Cohen's: Point72 Asset Management. [2] The firm focuses on technology investments in both public and private markets globally. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 to $30B in annual capex in 2022. Sign-up "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. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Brad Gerstner's Tweets. Hedge Funds fall under the category of alternative investments. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. 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. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Each investment position stands on its own based on Altimeters assessment of whether a significant discrepancy exists between a companys current market value and intrinsic business value. 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. This will schedule a job to export all requested 13f holdings data for this filer. 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. divided by the total MV of the fund. Care to explain? Altimeter is known for its long-term focus, concentrated investment approach, and exceptional returns across both its public hedge fund and private growth equity funds. Boston, MA 02110 Fast forward seven years, and Gerstner has pretty much achieved his goal. 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) . Akre Capital Management was founded in 1989 and is an asset management firm. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. 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. Warren Buffett's: Berkshire Hathaway. 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. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). Answer:Overwhelmed, but not why you might think. A new $450M tech SPAC. 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 Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. 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. 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.