altimeter capital returns altimeter capital returns

535 Mission Street, Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. 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. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. 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. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Kims portfolio has gained a whopping 569.2% since 2013. https://www.linkedin.com/company/altimeter-capital Let me know what you thought by replying back to this email. The average market cap of the portfolio companies is close to $270 billion. privacy policy or contact If you require advice in relation to any financial matter you should consult an appropriate professional. This website is provided as is without any representations or warranties, express or implied. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. 10.8% Watch for disclosures from these smart money hedge funds. Do Not Sell My Personal Information (CA Residents Only). Sign-up Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . Tan Hooi Ling is a co-founder of Grab and the current COO. . Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Performance numbers calculated through 2023-02-14. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. At 12/31/2022: $3,652,571. The Boston-based firm held more than 36 million shares in the cloud data . What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. The . 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. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. S&P 500WhaleScore (Clickhereto subscribe to the Delivering Alpha newsletter.). All text and design is copyright 2020 WhaleWisdom.com. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Gaurav Kapadia is off to an impressive start. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. [1]: Headquarters Location. The IRR is equivalent to the Compound 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. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. So, which sector is Kim most bullish about? The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. 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. altimeter capital returns. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. We make money even in declining markets.". Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. # . Sorry, no results has been found matching your query. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. public funds and serves as an expert long-term partner to companies as they enter the public markets. The total portfolio value may be much higher due to cash The information in this website is for general reference purposes and is subject to change without notice or update. The firm focuses on technology investments in both public and private markets globally. Link to 13F filings: SEC filings. You understand that the Content Creator is not advising, and will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. 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. Long-time Wayfair insider bought $13.6M of W on the open market. 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. About. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Thanks for the read! 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. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Normally $755/year for everything included. . I am not kidding. 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. Likes. Bill Ackman's: Pershing Square Capital Management. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Subscribe to WhaleWisdom to view all filing data Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. 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. Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday, April 13, 2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion in preparation for an initial public offering in the U.S . https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Altimeter Capital Management is based out of Boston. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Venture firms netted handsome returns on paper for their early investments. Altimeter takes a deep fundamental approach to security analysis. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Buying high. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). Revenue. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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 . Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Altimeter hit anabsolute grand slamwhen they ledSnowflakes2016$76M Series C@onlya$260M post-money valuationand continued to invest in the cloud warehouse storage companys Series D, E, and F. After Snowflake 2xd on the initial IPO, Altimeter at one point saw their stake valued in $SNOW alone grow to over$8B. Fast forward seven years, and Gerstner has pretty much achieved his goal. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. altimeter capital returnsstriped bark scorpion altimeter capital returns. The fund has exact preference in some . Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Menlo Park, CA 94025 Fast forward seven years, and Gerstner has pretty much achieved his goal. Suite 4610 About us. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. In contrast, the S&P 500 stock index has gained 290.9%. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Equal-WTWhaleScore 2.0 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. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. New York-based activist and event-driven hedge fund manager Coast Capital is also beating the market this year as they looked for out-of-favor value names in Europe. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. See you in your inbox every Monday and Thursday. 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. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. Got a confidential news tip? Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. 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. 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 . Chase Coleman's growth-focused flagship fund at Tiger Global tumbled 15% last month, pushing its 2022 rout to 44% and wiping out nearly all of its gains since 2019, according to Bloomberg News. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. 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. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. The article said Gerstner wanted to build a Venture Capital Empire. 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. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. It sold the previously owned 1,155,613 shares for $138 million. Type a symbol or company name. Altimeter is a leading technology-focused investment firm built by founders for founders. Counting life in days and acts of kindness. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. The fund focuses on investments in the United States as 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. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. 2015-2023 Fintel Ventures LLC. Altimeter Capital has made 91 investments. of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. AGC is a SPAC which is a blank-check company. 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. the total portfolio value. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. 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. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. 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. Altimeter Capital Management General Information. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . All rights reserved. He founded a technology-focused investment firm called Altimeter Capital in 2008. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. Annualized Growth Rate (CAGR). Thats nearly 2.2x the annual return of the S&P 500 over that period. 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 LP. . This means they effectively own approximately 0.1% of the company. In a $400M fund we might have 10 investments.. Suite 150 Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Altimeter Capital is the famous VC, which was founded in 2008. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. 71.4% of the portfolio companies 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. Hedge fund XN was one of 2020s largest new funds. Altimeter Capital is in talks with ride . returns for each quarter. Get Contact Info for All Departments. All Rights Reserved. Cedar Rock is based out of London, United Kingdom. You must have a subscription to view WhaleScore histories. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Number of Exits 22. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. For media inquiries, please contact press@altimeter.com. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities One International Place Suite 2400. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in $499/Year. Ideal for intelligent investors with $50,000+ portfolios. None of the information contained in the Blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. 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). Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. or to simply have an email sent to you whenever we receive a new Over the last three years, Meta has also dramatically increased its capital expenses. Performance 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 Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. What jumps out to you the most about Altimeters journey? The managers portfolio has a Sharpe ratio of 7.98. Win whats next. Investor Performance. 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. $6.9 M. You can expect to hear more about Brad and some of his investments soon in The Crossover! Chase Coleman's: Tiger Global Management. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Our team will review your remarks prior to publishing. Luck befalls the curious mind. us for more details. The third-largest holding is Meta Platforms Inc worth $396 million and the next is Confluent Inc worth $336 million, with 14,456,310 shares owned. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. According to the last 13-F report filed with the SEC, Mara Davis serves as the Chief Compliance Officer at Altimeter Capital Management, L.P.. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Altimeter is a leading technology-focused investment firm built by founders for founders. Map . TipRanks->. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. In addition to quarterly performance, we show annualized performance and the That would make it the largest SPAC merger ever, more than [] Investment Advisor This means they effectively own approximately 0.1% of the company. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. [11] United Continental Holdings eventually gave in and changed its board of directors. Passing Through Joined January 2009. The stocks discussed may be volatile and illiquid. On this Wikipedia the language links are at the top of the page across from the article title. 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%. email address below and choose 'Submit'. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. You are limited to the prior 8 quarters of 13F filings. 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. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. "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.". Boston, Massachusetts, 02110, Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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).