To calculate this, we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and returns for each quarter. Overreacting during times of uncertainty. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Altimeter Capital Fund Manager Profile | Preqin Join the more than 1.5 million industry professionals who get our daily newsletter! Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. The inks barely dry on Regal Funds Managements agreement to acquire VGI Partners, and already the countrys busiest hedge fund manager appears to be thinking about other opportunities. "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.". Our team will review your remarks prior to publishing. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Altimeter SPAC goes public | PE Hub They manage Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. altimeter capital returns Here are the 10 most popular hedge fund managers in WhaleWisdom. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. 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. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. 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. Phone Number (617) 310-6180. public funds and serves as an expert long-term partner to companies as they enter the public markets. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. All Rights Reserved. Media. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Question:Was there one take that you felt that Brad made that was particularly interesting? So, which sector is Kim most bullish about? Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Required fields not completed correctly. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Get Contact Info for All Departments. Cedar Rock is based out of London, United Kingdom. Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. A new Tech-focused investors like Brad Gerstner and Tiger Global are getting crushed as growth stocks became the epicenter of the market carnage in the face of rising rates. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. 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). 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. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. # . Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management Investing in the investments discussed in the Blog may be risky and speculative. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Seeking profits from 13D & 13G filings? Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Quickly find out what the most recently closed or increased positions are. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . At 09/30/2022: $4,676,285. 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. OriginalWhaleScore Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Silicon Valley Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? A new $450M tech SPAC. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. 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. Boston, Massachusetts, 02110, The managers portfolio has a Sharpe ratio of 7.98. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Altimeter Capital Management Team | Org Chart For media inquiries, please contact press@altimeter.com. The average market cap of the portfolio companies is close to $270 billion. Per Altimeter's website: Altimeter Capital is a global investment . As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. 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. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your 2550 Sand Hill Road, Answer:Easily the origins of the fund. If you require advice in relation to any financial matter you should consult an appropriate professional. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN ? Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Altimeter Capital Management is based out of Boston. 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. Altimeter.com is Altimeter's only website. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. "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 Management, L.P. closed its position in Sea Ltd on 15th August 2022. 91. 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. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. 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. Answer:Yes way and quite a few of them. In addition to quarterly performance, we show annualized performance and the In contrast, the S&P 500 stock index has gained 290.9%. 2023 CNBC LLC. Altimeter LLC. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). You can expect to hear more about Brad and some of his investments soon in The Crossover! 82.9K Followers. The information in this website is for general reference purposes and is subject to change without notice or update. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. us for more details. Subscribe to WhaleWisdom to view all filing data The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Copy and paste multiple symbols separated by spaces. A Division of NBCUniversal. The stocks discussed may be volatile and illiquid. Altimeter Capital Management, LLC - Brad Gerstner - TipRanks 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. TL;DR: Eutelsat Communications SA, a French satellite operator, and OneWeb, a UK satellite operator are set to combine in an all-share deal valuing OneWeb at $3.4 billion, a step toward creating a European champion to rival the likes of Elon Musks SpaceX. 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. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Stocks with a size of more than $10 billion in market cap make up