Top 10 Stocks Held By Altimeter Capital Management LP 3. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Altimeter's Brad Gerstner cashes in travel trade, bought Peloton and S&P 500WhaleScore Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. . Annualized Growth Rate (CAGR). Read full disclaimer >. Phone Number (617) 310-6180. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. In addition to quarterly performance, we show annualized performance and the . Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. 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. 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. Altimeter Capital Fund Manager Profile | Preqin As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Cedar Rock is based out of London, United Kingdom. Altimeter Capital Management LP. 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. Altimeter Capital: From $3M to $1B in 5 years - Workweek ? All Rights Reserved. Hedge fund winners and losers emerge in brutal tech-driven sell-off - CNBC Altimeter Capital - Investments, Portfolio & Company Exits - Crunchbase . 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. AGC is a SPAC which is a blank-check company. The fund was located in North America if to be more exact in United States. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. To put that in perspective, excluding your large . 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. # . Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. email address below and choose 'Submit'. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Question:Was there one take that you felt that Brad made that was particularly interesting? We make money even in declining markets.". 64% of the total holdings value. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Map , San Francisco While the firms mostly won't be able to sell their shares until lockup periods expire . Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. divided by the total MV of the fund. 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. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. Media. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. SEC form, multiple filers or classes of filers, and much more.***. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. All rights reserved. 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. A Division of NBCUniversal. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Altimeter. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. and a top 10 holdings concentration of 99.95%. Thats nearly 2.2x the annual return of the S&P 500 over that period. Boston, Massachusetts, 02110, 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. Altimeter takes a deep fundamental approach to security analysis. Normally $755/year for everything included. Map , Boston Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Altimeter Partner Chris Conforti to Leave the Investment Firm - BNN Boston, MA 02110 Bill Ackman's: Pershing Square Capital Management. One International Place Suite 2400. Past performance is not an indication of future results. . 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. 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. 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. . You must have a subscription to view WhaleScore histories. 706 Following. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. So, which sector is Kim most bullish about? TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. 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. The author of this piece and/or members of Workweek media could be invested in companies discussed. 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. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and It sold the previously owned 1,155,613 shares for $138 million. . altimeter capital returns A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. The fund focuses on investments in the United States as Altimeter Capital Management LLC. 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. Do Not Sell My Personal Information (CA Residents Only). $6.9 M. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and 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 . Map . Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Luck befalls the curious mind. ? 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. Manager Monday: Altimeter Capital Management - Novus Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. Toast, Inc. (NYSE:TOST) Given Average Recommendation of "Hold" by Altimeter Capital - Wikipedia They manage View the latest funds and 13F holdings. Altimeter | LinkedIn Subscribe to The Crossover today! Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. How do I update this listing? Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Right? 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. Meta investor Altimeter Capital called on the company to cut its staff and to limit its investments on expanding into the virtual reality metaverse world in an open letter published Monday. Care to explain? Answer:Yes way and quite a few of them. 2023 PitchBook. Grab to list in US via $40 bln merger with Altimeter Growth Easily, the highlight of the game for everyone was oddly the rain delay. Fast forward seven years, and Gerstner has pretty much achieved his goal.
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