The overall hedge fund community dipped 0.9% in April, compared to the S&P 500's near 9% loss for its worst month since March 2020, according to HFR. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Popular Searches. Hedge Fund Altimeter Capital Management is based out of Boston. In contrast, the S&P 500 stock index has gained 290.9%. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Menlo Park, CA 94025 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. 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. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Reasons they site: 1. 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. Tan Hooi Ling is a co-founder of Grab and the current COO. 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. 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). In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. 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. Required fields not completed correctly. 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. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. 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. Subscribe to WhaleWisdom to view all filing data TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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) . His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. 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. Suite 4610 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. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Altimeter Capital is in talks with ride . Luck befalls the curious mind. Altimeter Growth Corp's shares have gained 25% since listing. Brad specifically shared that At any given moment in time in the public markets, we might have 75% of our portfolio in our top 4 or 5 ideas. 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. Hedge Funds fall under the category of alternative investments. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. San Francisco, CA 94105 For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. us for more details. Right? Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. 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. Type a symbol or company name. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. 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). Personally, this means less time traveling and going to dinners but more time in nature and with his family. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Equal-WTWhaleScore 2.0 They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Growth to continue post-pandemic? The managers portfolio has a Sharpe ratio of 7.98. I think launching the fund wasnt actually crazy, but ratherbrilliant. 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. The average market cap of the portfolio companies is close to $270 billion. Attached below are some of the articles and podcasts I used to help put this piece together! [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. 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. An additional office of the firm is in Menlo Park, CA. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. 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! Description. Alt Turnover is calculated by taking either the total MV of new purchases or Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. The activist hedge fund industry oversees approximately $120 billion in assets under management, which enables activists to acquire stakes even in the largest U.S. public companies. Gerstner has proven himself to be a world-class stock picker. View the latest funds and 13F holdings. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Investors react to every move they make. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . They did not look at something as public or private investment. The bullishness on TikTok is obvious, but Meta not so much. Question:How did the investment playout? Get Contact Info for All Departments. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. Annualized Growth Rate (CAGR). 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. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Ray Dalio's: Bridgewater Associates. Finance Department. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. Altimeter Capital employs 13 employees. 2550 Sand Hill Road, Media. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Altimeter. With other successes in the private markets like Hubspot, Confluent, Twilio, Expedia, Uber, as well as 13F returns that grew30%annually from 2011-2020, Altimeter & Brad Gerstner and their now ~$15B AUMhave become household names in the crossover arena. Shrilekha Pethe for Among the most successful fund investment fields, there are Marketplace, Cloud Computing. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). Trading in such securities can result in immediate and substantial losses of the capital invested. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Altimeter Capital Management LP. Altimeter is a leading technology-focused investment firm built by founders for founders. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. 82.9K Followers. Everyone thought he was crazy.. To put that in perspective, excluding your large . Question:Was there one take that you felt that Brad made that was particularly interesting? (Clickhereto subscribe to the Delivering Alpha newsletter.). When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Per Altimeter's website: Altimeter Capital is a global investment . As of 12/31/2022, below is a summary of the Altimeter Capital Management . 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. Is a crash imminent? Founder - Altimeter Capital. So, which sector is Kim most bullish about? Compare against similar firms. Numerous financial news websites and stock market participants call activist investors vultures, who aim to extract short-term benefits at the expense of companies long-term performance. Boston, MA 02110 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. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Investor Performance. The firm's highlight investments in the past two years include Airbyte, Discord . Brad Gerstner is an American investor and entrepreneur. The leading representative office of defined VC is situated in the Menlo Park. 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. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. On this Wikipedia the language links are at the top of the page across from the article title. Then theres Snowflake (SNOW). $6.9 M. The best time to launch a fund is after a serious market correction & when there is serious uncertainty in the air even though it will likely be and feel the hardest time to do so. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Performance ? Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. Altimeter.com is Altimeter's only website. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. refer to our . Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. altimeter capital returnsstriped bark scorpion altimeter capital returns. Brad Gerstner's Tweets. Catherine Woods fund seeks out Disruptive Innovation.. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. The majority of the companies in the funds portfolio are large-cap stocks. Brad Gerstner. Views here personal. 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 capital returns; altimeter capital returns. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. In a $400M fund we might have 10 investments.. Altimeter manages a variety of venture and Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. returns for each quarter. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. OriginalWhaleScore 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. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages 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. Ault Global disclosed a 9.96% position in NTN Buzztime. Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. News Briefs. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Question:Okay then. There are currently 14 companies in Mrs. Daviss portfolio. the MV of securities sold, whichever is less, Written by While the firms mostly won't be able to sell their shares until lockup periods expire . S&P 500WhaleScore 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. It sold the previously owned 1,155,613 shares for $138 million. It is important here to also look at the Sharpe ratio, which stands at 8.96. Easily, the highlight of the game for everyone was oddly the rain delay. Get this delivered to your inbox, and more info about our products and services. Bill Ackman's: Pershing Square Capital Management. 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. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. [2] The firm focuses on technology investments in both public and private markets globally. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. 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%. Buying high. 3. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Investment Advisor 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. 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 ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Investor Type Hedge Fund, Venture Capital. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. Get our editors daily picks straight in your inbox! https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. The Boston-based firm held more than 36 million shares in the cloud data . The total portfolio value may be much higher due to cash Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). Fast forward seven years, and Gerstner has pretty much achieved his goal. Meta Platforms Inc makes up . 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. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. 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. SEC form, multiple filers or classes of filers, and much more.***. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. Answer:Easily the origins of the fund. Care to explain? 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. 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.