Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. There are 3 reasons why Altimeter is a believer in Meta: There is a wealth of lessons to be learned from Brad Gerstner & Altimeters journey. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. 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. . [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. BOSTON, MA Our team will review your remarks prior to publishing. Kultura Capital Management is being structured as a hybrid fund that will focus on late-stage tech startups as well as public companies, the person said. 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. Venture firms netted handsome returns on paper for their early investments. These licenses may or may not be disclosed by the Content Creator in the Blog. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. 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 . Steven Cohen's: Point72 Asset Management. Question:Was there one take that you felt that Brad made that was particularly interesting? They did not look at something as public or private investment. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Equal-WTWhaleScore 2.0 and a top 10 holdings concentration of 99.95%. . But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. Is a crash imminent? Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 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! altimeter capital returns. Altimeter manages a long / short public equity fund and private growth equity funds. Ault Global disclosed a 9.96% position in NTN Buzztime. Growth to continue post-pandemic? 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 . $499/Year. Finance Department. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. To put that in perspective, excluding your large . "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. 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. HONG KONG (AP) Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Altimeter Capital 's most notable exits include . What jumps out to you the most about Altimeters journey? Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Fast forward seven years, and Gerstner has pretty much achieved his goal. 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 The fund focuses on investments in the United States as ALTIMETER CAPITAL MANAGEMENT, LP Total Shares: 25,784,379 Subject Company: Snowflake, Inc. - View Complete Ownership History Backtest Filed as of Date: 06/21/2021: Event Date: 06/10/2021: Overall % Ownership: 8.72: Theoretical performance if you bought this security on the day the filing was released. returns for each quarter. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. 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. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. If you require advice in relation to any financial matter you should consult an appropriate professional. Altimeter Capital has made 7 diversity investments. 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. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Altimeter Capital Management's Performance. Bruce Berkowitz's: Fairholme Capital Management. The information in the Blog constitutes the Content Creators own opinions. ? Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Everything in Dividend Ideas. Altimeter is a leading technology-focused investment firm built by founders for founders. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Want to get these in your inbox to never miss an edition? [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. We focus only on the top 10 holdings. 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. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Investors believe they can predict the future. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. divided by the total MV of the fund. 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. Passing Through Joined January 2009. Buying high. 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. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. See you in your inbox every Monday and Thursday. Performance There were 659 hedge funds in our system whose 13F portfolios consisted of at least five long positions in billion-dollar companies on June 30. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. That would make it the largest SPAC merger ever, more than [] Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Brad Gerstner Bio, Returns, AUM, Net Worth. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). According to Dalbar, Inc., a company that studies investor behavior and analyzes investor market returns, consistently shows that the average investor earns below-average returns. The stocks discussed may be volatile and illiquid. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. 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. "On . 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. Suite 4610 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. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Fintel is a registered trademark. 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 . About us. ? This website is provided as is without any representations or warranties, express or implied. It doesn't run an office outside of the United States. 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. All rights reserved. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . 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. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. 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. 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. 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.