Brad Gerstner - Wife, Bio, Portfolio & Altimeter - Biography 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. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. altimeter capital returns Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. The information in this website is for general reference purposes and is subject to change without notice or update. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN 2021 Workweek Media Inc. All rights reserved. They did not look at something as public or private investment. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. Investor Performance. 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 's most notable exits include . Warren Buffett's: Berkshire Hathaway. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. altimeter capital returns. 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. Meta (META): Activist Investor Calling for Layoffs and Capex Cuts Sign-up Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). From a report: The Meta investor recommends a plan to get the company's "mojo back" including reducing headcount expenses by 20% and limiting the company's pricey investments in . 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. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. 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 . Unlike an ordinary SPAC . 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. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Written by Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Everything in Dividend Ideas. Altimeter Capital Management Investor Profile: Portfolio & Exits Gerstner has proven himself to be a world-class stock picker. It doesn't run an office outside of the United States. The leading representative office of defined VC is situated in the Menlo Park. Answer:Yes way and quite a few of them. Got a confidential news tip? of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. About. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Later in 2013, Brad looked to continue to capitalize off his success and launched . To the extent any of the information contained in the Blog may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Venture firms netted handsome returns on paper for their early investments. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. The fund was located in North America if to be more exact in United States. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Type a symbol or company name. Meta shareholder tells company to cut staff, 'get fit and focused' TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. It was a blast. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. [2]: When completed, an email will be sent to the email address you specify These symbols will be available throughout the site during your session. 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. While the firms mostly won't be able to sell their shares until lockup periods expire . On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. [11] United Continental Holdings eventually gave in and changed its board of directors. Map . Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Brad invested in Priceline @ about $45 a share and 5 years later, the stock was over $1000, representing a 24x return on the invested capital in just a few years. 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. We want to hear from you. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. # . https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Link to 13F filings: SEC filings. Altimeter Capital Management is an investment firm that operates within the technology sector. Altimeter manages a variety of venture and Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. 71.4% of the portfolio companies 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. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. 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.. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. 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. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. 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. Louis Bacon's: Moore Capital Management. Altimeter Capital Management LP. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities Please Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. 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. 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. privacy policy or contact "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. Altimeter Capital Management LP | AUM 13F About us. Altimeter. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. This will schedule a job to export all requested 13f holdings data for this filer. The total portfolio value may be much higher due to cash Normally $755/year for everything included. . Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. 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. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. Our team will review your remarks prior to publishing. Altimeter | LinkedIn 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. Suite 2310 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. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. I was intrigued by this idea of public market investors also doing private market investing. 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. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Phone Number (617) 310-6180. At 09/30/2022: $4,676,285. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. 535 Mission Street, ? 2015-2023 Fintel Ventures LLC. To calculate this, Nothing on this website constitutes, or is meant to constitute, advice of any kind. Subscribe to WhaleWisdom to view all filing data 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. Grab to list in US via $40 bln merger with Altimeter Growth Kims portfolio has gained a whopping 569.2% since 2013. Grab to list in US via $40 bln merger with Altimeter Growth Brad Gerstner Bio, Returns, AUM, Net Worth. He founded a technology-focused investment firm called Altimeter Capital in 2008. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. divided by the total MV of the fund. 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. S&P 500WhaleScore Altimeter Capital now has $5.92 billion under management in 27 different holdings with 97.62% allocated to the top 20 holdings in its hedge fund portfolio. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. 10.8% 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. for Q4 2022: commodity pool operator or commodity trading advisor, Percentage of assets under management,Performance-based fees, CHIEF COMPLIANCE OFFICER/DIRECTOR OF FINANCE, CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER, ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER LLC, MANAGING MEMBER ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER, LLC. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Fintel is a registered trademark. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. 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. GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG Top 10 Stocks Held By Altimeter Capital Management LP Media. regarding PitchBook Data's products. 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, L.P. closed its position in Sea Ltd on 15th August 2022. Altimeter manages a long / short public equity fund and private growth equity funds. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . Thanks for the read! The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. United Stockholders Altimeter Capital and PAR Capital Announce Proxy 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. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine Brad Gerstner - Forbes Altimeter Capital Management, LP - Investor Performance Altimeter Capital Company Profile | Management and Employees List Tweets & replies. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs You are limited to the prior 8 quarters of 13F filings. . This means they effectively own approximately 0.1% of the company. "On . Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Chuck manages $16.2 billion worth of assets and his portfolio has given average returns of 46.4% over a period of three years, on an annualized basis. To screen for upcoming or past SPAC . 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. Altimeter Capital Management is based out of Boston. 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. All Rights Reserved. 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. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? 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. Ray Dalio's: Bridgewater Associates. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. Luck befalls the curious mind. Founder - Altimeter Capital. Boston, Massachusetts, 02110, When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Altimeter Capital - Crunchbase Investor Profile & Investments At 12/31/2022: $3,652,571. This has significant impacts on both Brads personal life and Altimeters investing style. "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. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Altimeter Capital employs 13 employees. 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. The IRR is equivalent to the Compound Steven Cohen's: Point72 Asset Management. 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. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Altimeter Capital Fund Manager Profile | Preqin Altimeter Capital - Investments, Portfolio & Company Exits - Crunchbase Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. the total portfolio value. Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million Brad invested in Priceline @ about$45 a shareand 5 years later, the stock was over$1000, representing a24x returnon the invested capital in just a few years. 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). Altimeter Capital Management is based out of Boston. Question:How did the investment playout? Type a symbol or company name. 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. Sorry, no results has been found matching your query. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. A Division of NBCUniversal. Brad Gerstner is an American investor and entrepreneur. Per Altimeter's website: Altimeter Capital is a global investment . [2] The firm focuses on technology investments in both public and private markets globally. 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. Compare against similar firms. BOSTON, MA 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. Everyone thought he was crazy.. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? https://www.linkedin.com/company/altimeter-capital 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. If you require advice in relation to any financial matter you should consult an appropriate professional.
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