Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. 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. Ault Global disclosed a 9.96% position in NTN Buzztime. 82.9K Followers. 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. Altimeter takes a deep fundamental approach to security analysis. Is a crash imminent? Altimeter manages a variety of venture and Since 2011, holding an equal-weight portfolio of the funds top 20 13F positions, and rebalancing quarterly, would have generated average annual returns of 29.52%. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. The information in the Blog constitutes the Content Creators own opinions. For more information, please call (617) 310-6180 or email IR@altimeter.com. The IRR is equivalent to the Compound 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. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. An additional office of the firm is in Menlo Park, CA. 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. 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. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. How do I update this listing? The Altimeter Capital management team includes Brad Gerstner (Founder & CEO), John Kiernan (Chief Financial Officer and Chief Compliance Officer), and Hab Siam (General Counsel and Chief Compliance Officer) . ? Altimeter is a leading technology-focused investment firm built by founders for founders. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. He founded a technology-focused investment firm called Altimeter Capital in 2008. 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. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . 2015-2023 Fintel Ventures LLC. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Altimeter Capital employs 13 employees. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. Views here personal. 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. This has significant impacts on both Brads personal life and Altimeters investing style. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Altimeter Capital 's most notable exits include . The . Map . 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 . Menlo Park, CA 94025 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. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Sharpe ratio is a measure of risk-adjusted return that indicates the additional return obtained by the hedge fund investor for every level of risk taken. 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. Annualized Growth Rate (CAGR). Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? Suite 2310 Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Fintel is a registered trademark. The article said Gerstner wanted to build a Venture Capital Empire. In addition to quarterly performance, we show annualized performance and the . Easily, the highlight of the game for everyone was oddly the rain delay. They did not look at something as public or private investment. 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. Number of Exits 22. Investors believe they can predict the future. If you require advice in relation to any financial matter you should consult an appropriate professional. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. Usually, a Sharpe ratio of more than 1 is considered good, while a ratio that is below 1 should be judged based on the investment strategy used. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. 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. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. 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. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . While investors party like its 1999, Insiders are selling stock like theres no tomorrow. You are limited to the prior 8 quarters of 13F filings. Answer:Unbelievably well. 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. 71.4% of the portfolio companies . Answer:Easily the origins of the fund. 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. . Hedge Funds fall under the category of alternative investments. 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. The overall hedge fund community dipped 0.9% in April, compared to the S&P 500's near 9% loss for its worst month since March 2020, according to HFR. 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. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? In this article, we reviewed Brad Gerstner's biography and investment track record. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. Brad is the Founder and CEO of Altimeter Capital - an internet, software, and travel focused investment firm founded in 2008 and located in Silicon Valley and Boston. Altimeter Capital has had 22 exits. Chase Coleman's: Tiger Global Management. Venture firms netted handsome returns on paper for their early investments. Alt Turnover is calculated by taking either the total MV of new purchases or Question:Okay then. 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%. Kims portfolio has gained a whopping 569.2% since 2013. 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. "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. Fast forward seven years, and Gerstner has pretty much achieved his goal. Suite 4610 The firm focuses on technology investments in both public and private markets globally. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Altimeter Capital Management General Information. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. altimeter capital returns; altimeter capital returns. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. are based in the United States. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. They manage we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and A new $450M tech SPAC. "On . 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). ? Here are the 10 most popular hedge fund managers in WhaleWisdom. 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. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. 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. Hedge fund XN was one of 2020s largest new funds. Finance Department. Equal-WTWhaleScore 2.0 Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. That would make it the largest SPAC merger ever, more than [] 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. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. Growth to continue post-pandemic? Get Contact Info for All Departments. 2021 Workweek Media Inc. All rights reserved. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Popular Searches. On this Wikipedia the language links are at the top of the page across from the article title. Passing Through Joined January 2009. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Altimeter Capital. Got a confidential news tip? Overreacting during times of uncertainty. Care to explain? Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Meta Platforms Inc makes up He also served as a co-CEO of a travel company called National Leisure Group. Tweets. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 to $30B in annual capex in 2022. 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. divided by the total MV of the fund. News of the merger has not been met with much enthusiasm in the public markets, as Eutelsat stock has actually gone down 18% since announcing deal talks. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. Required fields not completed correctly. Counting life in days and acts of kindness. This will schedule a job to export all requested 13f holdings data for this filer. 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. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. Download 13F Summary Currently, their heaviest sector is Technology making up 85.1% of The author of this piece and/or members of Workweek media could be invested in companies discussed. refer to our We focus only on the top 10 holdings. Altimeter LLC. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. or to simply have an email sent to you whenever we receive a new "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 intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. See you in your inbox every Monday and Thursday. Brad Gerstner Bio, Returns, AUM, Net Worth. Investor Performance. Gerstner has proven himself to be a world-class stock picker. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Seeking profits from 13D & 13G filings? The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. The leading representative office of defined VC is situated in the Menlo Park. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. All text and design is copyright 2020 WhaleWisdom.com. Question:How did the investment playout? The Boston-based firm held more than 36 million shares in the cloud data . I think launching the fund wasnt actually crazy, but ratherbrilliant.