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. Altimeter Capital 53 Portfolio companies, 81 Investments, Team Altimeter Capital Management LP Top Holdings 13F Filings This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Get Contact Info for All Departments. Hedge fund winners and losers emerge in brutal tech-driven sell-off - CNBC The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. $4.33 billion and $4.33 billion respectively. News Briefs. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. It was a blast. Normally $755/year for everything included. OriginalWhaleScore A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. 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. One International Place, we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. 71.4% of the portfolio companies Tweets & replies. altimeter capital returns Silicon Valley You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. The author of this piece and/or members of Workweek media could be invested in companies discussed. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. . 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 Capital. This has significant impacts on both Brads personal life and Altimeters investing style. Ideal for intelligent investors with $50,000+ portfolios. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Please It is important here to also look at the Sharpe ratio, which stands at 8.96. Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million Quickly find out what the most recently closed or increased positions are. Login : Altimeter 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. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Win whats next. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Unlike an ordinary SPAC . Altimeter Capital employs 13 employees. How do I update this listing? An additional office of the firm is in Menlo Park, CA. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Altimeter SPAC goes public. It doesn't run an office outside of the United States. Altimeter said annual free cash flow can be doubled to $40 billion if it cut headcount by at least 20%, trimmed capital expenditure by at least $5 billion to $25 billion a year and capped annual . We focus only on the top 10 holdings. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. This means they effectively own approximately 0.1% of the company. 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.. 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. Altimeter | LinkedIn Hedge fund XN was one of 2020s largest new funds. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Manager Monday: Altimeter Capital Management - Novus Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. On this Wikipedia the language links are at the top of the page across from the article title. Thank you and soon you will hear from one of our Attorneys. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Altimeter Capital Management LP | AUM 13F [1]: Create your Watchlist to save your favorite quotes on Nasdaq.com. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Ault Global disclosed a 9.96% position in NTN Buzztime. Copy and paste multiple symbols separated by spaces. to see more advanced email alert options such as selecting any type of S&P 500WhaleScore Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. "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. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. [2]: 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. Sorry, no results has been found matching your query. Gaurav Kapadia is off to an impressive start. Altimeter Capital Management is based out of Boston. 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. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight 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. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Louis Bacon's: Moore Capital Management. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. 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. Tan Hooi Ling is a co-founder of Grab and the current COO. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. email address below and choose 'Submit'. . ALTIMETER CAPITAL MANAGEMENT, LP Top 13F Holdings - WhaleWisdom.com Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Altimeter Capital Management's Top Picks Include Online Travel and Airline Stocks, Have a Look at Two Ongoing Proxy Fights and One Freshly-Completed Activist Campaign, United Continental Holdings Inc. (UAL): Altimeter Capital Management Reaches Agreement with Company, United Continental Holdings, Inc. (UAL): PAR Capital, Altimeter Capital Express Governance Concerns, Put Forth Minority Board Slate, The Latest Activist Moves Made by Jeffrey Smith, Paul Singer, More, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Subscribe to The Crossover today! Top 10 Stocks Held By Altimeter Capital Management LP Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Performance numbers calculated through 2023-02-14. Views here personal. Brad Gerstner is an American investor and entrepreneur. 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. Brad Gerstner - Wife, Bio, Portfolio & Altimeter - Biography When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Altimeter Capital - Wikipedia [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. The leading representative office of defined VC is situated in the Menlo Park. 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. Answer:Easily the origins of the fund. Altimeter manages a long / short public equity fund and private growth equity 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. 82.9K Followers. Cedar Rock is based out of London, United Kingdom. Annualized Growth Rate (CAGR). Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. 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. Our team will review your remarks prior to publishing. Altimeter Capital has made 91 investments. 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. 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. These licenses may or may not be disclosed by the Content Creator in the Blog. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. 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. us for more details. 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. Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Brad Gerstner - Forbes Plan. Meta Platforms Inc makes up GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Growth to continue post-pandemic? 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. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. The Content Creator or affiliates may trade for their own account(s) based on the information presented, and may also take positions inconsistent with the views expressed in its messages on the Blog. Compare against similar firms. Stocks with a size of more than $10 billion in market cap make up Akre Capital Management was founded in 1989 and is an asset management firm. About. 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. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. 10.8% Fintel is a registered trademark. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. I was intrigued by this idea of public market investors also doing private market investing. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. 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. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Join the more than 1.5 million industry professionals who get our daily newsletter! 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 Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. 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. Altimeter Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, raised $450 million by offering 45 million units at $10. Popular Searches. The stocks discussed may be volatile and illiquid. "Some of these companies we buy have lower valuations and lower share prices than they did in March 2009," said James Rasteh, CIO of Coast. State Of Florida Oath Of Office Form, Articles A
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