Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. According to Dalbar, Inc., a company that studies investor behavior and analyzes investor market returns, consistently shows that the average investor earns below-average returns. 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. . The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. . View the latest funds and 13F holdings. The first one on this list is John Kim, hedge fund manager for Night Owl Capital Management and ranked #1 out of 198 hedge funds on TipRanks. The majority of the companies in the funds portfolio are large-cap stocks. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Finance Department. According to the last 13-F report filed with the SEC, Mara Davis serves as the Chief Compliance Officer at Altimeter Capital Management, L.P.. ? This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. 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. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . 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. Likes. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. Altimeter Capital. Question:Okay then. 706 Following. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . The Sohn Investment Conference, one of the biggest hedge fund gatherings of the year, took place yesterday in New York, with Bill Ackman, David Einhorn, Keith Meister, and Larry Robbins among the hedge Brad Gerstner's Altimeter Capital disclosed a 5.1% stake inTableau Software Inc (NYSE:DATA). Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. . Get this delivered to your inbox, and more info about our products and services. Join the more than 1.5 million industry professionals who get our daily newsletter! 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. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). Luck befalls the curious mind. We focus only on the top 10 holdings. Answer:Unbelievably well. Founder - Altimeter Capital. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Fast forward seven years, and Gerstner has pretty much achieved his goal. Tech-focused investors like Brad Gerstner and Tiger Global are getting crushed as growth stocks became the epicenter of the market carnage in the face of rising rates. Currently, their heaviest sector is Technology making up 85.1% of Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. 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. Each investment position stands on its own based on Altimeters assessment of whether a significant discrepancy exists between a companys current market value and intrinsic business value. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. . In addition to quarterly performance, we show annualized performance and the . On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Watch for disclosures from these smart money hedge funds. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. 91. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. 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. 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). A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. "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 SPAC goes public. How do I update this listing? 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. Investor Type Hedge Fund, Venture Capital. We make money even in declining markets.". 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. A new $450M tech SPAC. 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. Judging by the hedge funds portfolio, it seems to be the technology sector, with an approximately 66% investment in this sector, followed by the financial sector. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. This means they effectively own approximately 0.1% of the company. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. refer to our Fast forward seven years, and Gerstner has pretty much achieved his goal. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Altimeter Capital Management General Information. Conforti joined Altimeter, which is led by Brad Gerstner, in 2021 to invest in technology companies as they cross over from private to public markets. To screen for upcoming or past SPAC . Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. The information in this website is for general reference purposes and is subject to change without notice or update. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Subscribe to WhaleWisdom to view all filing data 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. The author of this piece and/or members of Workweek media could be invested in companies discussed. 2015-2023 Fintel Ventures LLC. [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate Louis Bacon's: Moore Capital Management. Boston, Massachusetts, 02110, 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. In addition to quarterly performance, we show annualized performance and the Win whats next. Long-time Wayfair insider bought $13.6M of W on the open market. Performance numbers calculated through 2023-02-14. Altimeter. Chase Coleman's growth-focused flagship fund at Tiger Global tumbled 15% last month, pushing its 2022 rout to 44% and wiping out nearly all of its gains since 2019, according to Bloomberg News. Hedge fund XN was one of 2020s largest new funds. All text and design is copyright 2020 WhaleWisdom.com. Sign-up Want to get these in your inbox to never miss an edition? public funds and serves as an expert long-term partner to companies as they enter the public markets. Bruce Berkowitz's: Fairholme Capital Management. Phone Number (617) 310-6180. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. The stocks discussed may be volatile and illiquid. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. Gerstner has proven himself to be a world-class stock picker. Number of Exits 22. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Hedge Funds fall under the category of alternative investments. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. Revenue. 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. Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. Altimeter Capital employs 13 employees. or to simply have an email sent to you whenever we receive a new The average market cap of the portfolio companies is close to $270 billion. One International Place Suite 2400. https://www.linkedin.com/company/altimeter-capital Our team will review your remarks prior to publishing. At 09/30/2022: $4,676,285. 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. $499/Year. In this article, we reviewed Brad Gerstner's biography and investment track record. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Get Contact Info for All Departments. us for more details. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Sorry, no results has been found matching your query. 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.