altimeter capital returns

Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in 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. Contact Email info@altimeter.com. Altimeter Capital Management's Performance. Type a symbol or company name. 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. 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. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. For more information, please call (617) 310-6180 or email IR@altimeter.com. altimeter capital returns; altimeter capital returns. Altimeter Capital Management is an investment firm that operates within the technology sector. Investing in the investments discussed in the Blog may be risky and speculative. Phone Number (617) 310-6180. Founder - Altimeter Capital. 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. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. 10.8% In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. 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. "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.". Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. BOSTON, MA 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. 2015-2023 Fintel Ventures LLC. The music was electric and fans were dancing on the big screen. Download 13F Summary The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Want to get these in your inbox to never miss an edition? Everyone thought he was crazy.. "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. Bill Ackman's: Pershing Square Capital Management. Hedge fund XN was one of 2020s largest new funds. These symbols will be available throughout the site during your session. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Altimeter Capital has made 91 investments. privacy policy or contact Ault Global disclosed a 9.96% position in NTN Buzztime. About. Investor Performance. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Join the more than 1.5 million industry professionals who get our daily newsletter! Brad specifically shared that At any given moment in time in the public markets, we might have 75% of our portfolio in our top 4 or 5 ideas. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. 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 was founded in 2008 and is headquartered out of Boston, Massachusetts. ? Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Venture firms netted handsome returns on paper for their early investments. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Views here personal. Watch for disclosures from these smart money hedge funds. All text and design is copyright 2020 WhaleWisdom.com. 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. ? Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Altimeter Capital is the famous VC, which was founded in 2008. (Clickhereto subscribe to the Delivering Alpha newsletter.). [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. At Altimer Capital, we support businesses that leverage the power of data to drive growth.. Digital technologies continue to redefine industries and transform business models.Data-enabled companies have historically grown 75% faster on average than their peers and have been twice as likely to achieve their customer-experience goals. Altimeter.com is . Got a confidential news tip? 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 . Then theres Snowflake (SNOW). divided by the total MV of the fund. Investors react to every move they make. The leading representative office of defined VC is situated in the Menlo Park. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. The managers portfolio has a Sharpe ratio of 7.98. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. 535 Mission Street, One International Place, Passing Through Joined January 2009. 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. public funds and serves as an expert long-term partner to companies as they enter the public markets. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Do Not Sell My Personal Information (CA Residents Only). Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. 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. Let me know what you thought by replying back to this email. 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). The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. 2021 Workweek Media Inc. All rights reserved. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. This means they effectively own approximately 0.1% of the company. Altimeter Capital Management LP holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Altimeter Capital Management LP 13F filings. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. Hedge Funds fall under the category of alternative investments. Fintel . When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? . Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. David Einhorn's: Greenlight Capital. "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. 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. What jumps out to you the most about Altimeters journey? ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. SEC form, multiple filers or classes of filers, and much more.***. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. So, which sector is Kim most bullish about? Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities ? "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Shrilekha Pethe for TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions. Read full disclaimer >. Our team will review your remarks prior to publishing. The fund focuses on investments in the United States as Unlike an ordinary SPAC . or to simply have an email sent to you whenever we receive a new 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. 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. us for more details. . However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Altimeter Capital Management is based out of Boston. Currently, their heaviest sector is Technology making up 85.1% of Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Altimeter Capital has made 7 diversity investments. Sign-up The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Akre Capital Management was founded in 1989 and is an asset management firm. A Division of NBCUniversal. Hedge Fund 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. The companies may have limited operating histories, little available public information. Answer:Unbelievably well. 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. About us. All Rights Reserved. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? 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. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. Louis Bacon's: Moore Capital Management. 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 . Is a crash imminent? On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Counting life in days and acts of kindness. Silicon Valley Investment Advisor [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. 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. Win whats next. As revealed in a recent 13D filing with the US SEC, Brad Gerstner's Altimeter Capital Managemententered into a settlement agreement with theUnited Continental Holdings Inc. Question:Okay then. 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. Altimeter CapitalAltimeter CapitalAltimeter Capital Altimeter Growth Corp. 2, the second blank check company formed by Altimeter Capital targeting the tech sector, raised $400 million by offering 40 million shares at $10. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. All rights reserved. Terry is a legendary writer forThe Plain Dealer(Cleveland) who made reading about theCleveland Brownsfun, even though there was literally nothing fun to write about. This website is not an offer to, or solicitation of, any potential clients or investors for any . Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. Altimeter hit anabsolute grand slamwhen they ledSnowflakes2016$76M Series C@onlya$260M post-money valuationand continued to invest in the cloud warehouse storage companys Series D, E, and F. After Snowflake 2xd on the initial IPO, Altimeter at one point saw their stake valued in $SNOW alone grow to over$8B. In contrast, the S&P 500 stock index has gained 290.9%. 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. [2]: 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. Written by $6.9 M. News Briefs. Back in 2013, Bloomberg ran a profile of Brad Gerstners Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. 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. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Investor Type Hedge Fund, Venture Capital. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. You must have a subscription to view WhaleScore histories. 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. 3. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. The total portfolio value may be much higher due to cash Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. Altimeter Capital has had 22 exits. 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. As of 12/31/2022, below is a summary of the Altimeter Capital Management . The S&P 500 is edging closer to bear market territory, down 18% from its record high, as the Federal Reserve's aggressive tightening spurred recession worries. Performance numbers calculated through 2023-02-14. S&P 500WhaleScore Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. . 2023 CNBC LLC. At 12/31/2022: $3,652,571. 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. Link to 13F filings: SEC filings. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. to see more advanced email alert options such as selecting any type of Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. The article said Gerstner wanted to build a Venture Capital Empire. 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. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your 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. Growth to continue post-pandemic? Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. 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. I think launching the fund wasnt actually crazy, but ratherbrilliant. He is bullish on both, which to many could see as being contradicting. Likes. Headquarters Location. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. 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 . . 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 . Compare against similar firms. AGC is a SPAC which is a blank-check company. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Thanks for the read! Altimeter Capital Chairman and CEO Brad Gerstner said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Gerstner has proven himself to be a world-class stock picker. The Boston-based firm held more than 36 million shares in the cloud data . With SNOW currently trading at $242, that stake is now worth $8.8 billion. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath.

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