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). Altimeter Capital Management LP. Altimeter Capital employs 13 employees. "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.". You can reach the main office by . Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Altimeter.com is Altimeter's only website. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Altimeter Capital Management is based out of Boston. Fintel is a registered trademark. 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. View the latest funds and 13F holdings. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Brad Gerstner's Tweets. Its first private fund was closed in 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. Altimeter Capital Management is based out of Boston. On this Wikipedia the language links are at the top of the page across from the article title. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. Get this delivered to your inbox, and more info about our products and services. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. S&P 500WhaleScore 2015-2023 Fintel Ventures LLC. Altimeter SPAC goes public. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. 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. For media inquiries, please contact press@altimeter.com. 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. Here are the 10 most popular hedge fund managers in WhaleWisdom. The fund focuses on investments in the United States as [1]: This has significant impacts on both Brads personal life and Altimeters investing style. Phone Number (617) 310-6180. 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. 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. 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. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Altimeter CapitalAltimeter CapitalAltimeter Capital Suite 2310 Boston, MA 02110 Reasons they site: 1. Altimeter Capital Management's Performance. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. divided by the total MV of the fund. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. The article said Gerstner wanted to build a Venture Capital Empire. Venture firms netted handsome returns on paper for their early investments. "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. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. In this article, we reviewed Brad Gerstner's biography and investment track record. Altimeter manages a variety of venture and The hedge fund managers portfolio has given annualized average returns of 58.4% in the past three years, and Kim currently manages assets worth $569.8 million. They manage As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. The Boston-based firm held more than 36 million shares in the cloud data . institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). 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. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. Popular Searches. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. 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's 15.1% stake in Snowflake Inc (NYSE: SNOW) data analytics company was valued at close to $4.4 billion upon its U.S . David Einhorn's: Greenlight Capital. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. Annualized Growth Rate (CAGR). Normally $755/year for everything included. I am not kidding. Fast forward seven years, and Gerstner has pretty much achieved his goal. Hedge Funds fall under the category of alternative investments. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Plan. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. Sorry, no results has been found matching your query. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Read full disclaimer >. 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. 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. 2550 Sand Hill Road, SEC form, multiple filers or classes of filers, and much more.***. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Buying high. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. Per Altimeter's website: Altimeter Capital is a global investment . Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Altimeter. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Altimeter.com is Altimeters only website. Sign-up "On . When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Altimeter Capital has made 7 diversity investments. BOSTON, MA The firm focuses on technology investments in both public and private markets globally. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and About. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. Personally, this means less time traveling and going to dinners but more time in nature and with his family. Altimeter takes a deep fundamental approach to security analysis. The companies may have limited operating histories, little available public information. Altimeter manages a long / short public equity fund and private growth equity funds. Overreacting during times of uncertainty. Seeking profits from 13D & 13G filings? Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. Brad Gerstner Bio, Returns, AUM, Net Worth. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. 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. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. The firm's highlight investments in the past two years include Airbyte, Discord . The music was electric and fans were dancing on the big screen. 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. We make money even in declining markets.". Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Create Email Alert, ***Log In or Then theres Snowflake (SNOW). Andy Brown is the CEO and portfolio manager of Cedar Rock Capital, an independent investment firm founded in 2002 and ranked #5 on this list. 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! Everyone thought he was crazy.. I think launching the fund wasnt actually crazy, but ratherbrilliant. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Hedge fund XN was one of 2020s largest new funds. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. Over the last three years, Meta has also dramatically increased its capital expenses. ? 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. Luck befalls the curious mind. 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. 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. 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. 706 Following. Win whats next. He is bullish on both, which to many could see as being contradicting. The fund has exact preference in some . Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Altimeter Capital Management LLC. Quickly find out what the most recently closed or increased positions are. 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) . Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Data is a real-time snapshot *Data is delayed at least 15 minutes. 535 Mission Street, There are 3 reasons why Altimeter is a believer in Meta: There is a wealth of lessons to be learned from Brad Gerstner & Altimeters journey. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. refer to our If you require advice in relation to any financial matter you should consult an appropriate professional. As of 12/31/2022, below is a summary of the Altimeter Capital Management . All rights reserved. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Fintel . What jumps out to you the most about Altimeters journey? This means they effectively own approximately 0.1% of the company. Type a symbol or company name. . [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as .
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