Phone Number (617) 310-6180. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Answer:Unbelievably well. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Then theres Snowflake (SNOW). Likes. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. 10.8% Back in 2013, Bloomberg ran a profile of Brad Gerstner's 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. These positions were updated on August 15th based on the funds latest 13F filing. In addition to quarterly performance, we show annualized performance and the Answer:Overwhelmed, but not why you might think. 535 Mission Street, Please So, which sector is Kim most bullish about? [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. San Francisco, CA 94105 BOSTON, MA Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. . 706 Following. The leading representative office of defined VC is situated in the Menlo Park. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Answer:Yes way and quite a few of them. Investor Performance. Type a symbol or company name. Ideal for intelligent investors with $50,000+ portfolios. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. We make money even in declining markets.". Is a crash imminent? 2550 Sand Hill Road, 2021 Workweek Media Inc. All rights reserved. None of the information contained in the Blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Care to explain? 91. Question:If you think you will be on a word crunch, why are you using words to explain how you are feeling instead of just jumping right in? 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. One International Place, 64% of the total holdings value. The IRR is equivalent to the Compound Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. 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. or to simply have an email sent to you whenever we receive a new [11] United Continental Holdings eventually gave in and changed its board of directors. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. They did not look at something as public or private investment. Revenue. Later in 2013, Brad looked to continue to capitalize off his success and launched . Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. In this article, we reviewed Brad Gerstner's biography and investment track record. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). ? Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. AGC is a SPAC which is a blank-check company. Its first private fund was closed in 2013. Investor Type Hedge Fund, Venture 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. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. There are currently 14 companies in Mrs. Daviss portfolio. 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%. To put that in perspective, excluding your large . Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Copy and paste multiple symbols separated by spaces. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. About us. Get this delivered to your inbox, and more info about our products and services. 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. 71.4% of the portfolio companies Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. It was a blast. All rights reserved. Counting life in days and acts of kindness. Chase Coleman's: Tiger Global Management. Stocks with a size of more than $10 billion in market cap make up 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. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. https://www.linkedin.com/company/altimeter-capital Altimeter takes a deep fundamental approach to security analysis. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. The companies may have limited operating histories, little available public information. Want to get these in your inbox to never miss an edition? Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . While investors party like its 1999, Insiders are selling stock like theres no tomorrow. "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. Equal-WTWhaleScore 2.0 Map , Boston I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Altimeter Capital Management is based out of Boston. regarding PitchBook Data's products. With SNOW currently trading at $242, that stake is now worth $8.8 billion. A new $450M tech SPAC. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. 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. the total portfolio value. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Finance Department. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Altimeter Capital 's most notable exits include . Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Altimeter Capital employs 13 employees. Here are the 10 most popular hedge fund managers in WhaleWisdom. Win whats next. Long-time Wayfair insider bought $13.6M of W on the open market. Past performance is not an indication of future results. Instead of doing a classic profile on the fund, I thought I would do something we will call Alans Angle, inspired by the greatTerry Plutos, Terrys Talkin a style where he writes as if he is interviewing himself! Thanks for the read! 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. The article said Gerstner wanted to build a Venture Capital Empire. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. 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. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. 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. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Altimeter is a leading technology-focused investment firm built by founders for founders. Brad Gerstner's Tweets. 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. 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 . Altimeter.com is Altimeters only website. I was intrigued by this idea of public market investors also doing private market investing. HONG KONG (AP) Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. Let me know what you thought by replying back to this email. . We focus only on the top 10 holdings. All rights reserved. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and 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. In contrast, the S&P 500 stock index has gained 290.9%. Bruce Berkowitz's: Fairholme Capital Management. 2023 PitchBook. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Altimeter SPAC goes public. Link to 13F filings: SEC filings. Boston, Massachusetts, 02110, 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. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. 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. This website is not an offer to, or solicitation of, any potential clients or investors for any . 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 $3,933,007,000 after purchasing an additional 17,541,796 shares during the last quarter. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal.
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