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Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . 71.4% of the portfolio companies Per Altimeter's website: Altimeter Capital is a global investment . Here are the 10 most popular hedge fund managers in WhaleWisdom. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Performance numbers calculated through 2023-02-14. Win whats next. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. to see more advanced email alert options such as selecting any type of Everyone always talks about the new FinTech companies on the scene, but. Thanks for the read! Altimeter Capital Management LP. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Silicon Valley For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Easily, the highlight of the game for everyone was oddly the rain delay. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). Louis Bacon's: Moore Capital Management. Answer:Unbelievably well. At 12/31/2022: $3,652,571. Altimeter Capital is in talks with ride . 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). Cedar Rock is based out of London, United Kingdom. View the latest funds and 13F holdings. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Investor Performance. 64% of the total holdings value. Brad Gerstner. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? Brad Gerstner is an American investor and entrepreneur. Investor Type Hedge Fund, Venture Capital. 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. [11] United Continental Holdings eventually gave in and changed its board of directors. So, without further ado, using TipRanks data, here are some of the top-ranked hedge fund managers from some of the Best Hedge Funds this year. 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. The . Written by Since 2011, holding an equal-weight portfolio of the funds top 20 13F positions, and rebalancing quarterly, would have generated average annual returns of 29.52%. Kims portfolio has gained a whopping 569.2% since 2013. Equal-WTWhaleScore 2.0 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. The third-largest holding is Meta Platforms Inc worth $396 million and the next is Confluent Inc worth $336 million, with 14,456,310 shares owned. That would make it the largest SPAC merger ever, more than [] Akre Capital Management was founded in 1989 and is an asset management firm. returns for each quarter. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. Ideal for intelligent investors with $50,000+ portfolios. Suite 4610 When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Phone Number (617) 310-6180. Catherine Woods fund seeks out Disruptive Innovation.. 2. Altimeter Capital has had 22 exits. Download 13F Summary Create Email Alert, ***Log In or Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. 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. Popular Searches. This means they effectively own approximately 0.1% of the company. privacy policy or contact Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Everything in Dividend Ideas. Get Contact Info for All Departments. Answer:Easily the origins of the fund. The fund was located in North America if to be more exact in United States. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. 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.. Trian Fund Management was founded in 2005 and is a highly engaged shareowner that combines concentrated public equity ownership with operational expertise, according to the company's website. [2]: Watch for disclosures from these smart money hedge funds. Warren Buffett's: Berkshire Hathaway. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. About. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Map . Altimeter. Altimeter Capital is the famous VC, which was founded in 2008. Revenue. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Thats nearly 2.2x the annual return of the S&P 500 over that period. OriginalWhaleScore See you in your inbox every Monday and Thursday. You can expect to hear more about Brad and some of his investments soon in The Crossover! Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. The Boston-based firm held more than 36 million shares in the cloud data . Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Venture firms netted handsome returns on paper for their early investments. 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). This means they effectively own approximately 0.1% of the company. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. https://www.linkedin.com/company/altimeter-capital Return to search. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Copy and paste multiple symbols separated by spaces. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. We focus only on the top 10 holdings. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Copyright 2023 Altimeter Capital. Right? Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Likes. Currently, their heaviest sector is Technology making up 85.1% of The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. 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 . Map , San Francisco From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. 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 LLC. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. us for more details. These licenses may or may not be disclosed by the Content Creator in the Blog. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. . 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. 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 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 Management LP grew its stake in GitLab by 174.6% during the 1st quarter. In addition to quarterly performance, we show annualized performance and the . The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. They did not look at something as public or private investment. 10.8% Views here personal. 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. All Rights Reserved. TL;DR: Eutelsat Communications SA, a French satellite operator, and OneWeb, a UK satellite operator are set to combine in an all-share deal valuing OneWeb at $3.4 billion, a step toward creating a European champion to rival the likes of Elon Musks SpaceX. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. 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. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your $4.33 billion and $4.33 billion respectively. 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. 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. Ray Dalio's: Bridgewater Associates. 91. A look at the hedge funds managers portfolio activity indicates that Microsoft (MSFT) makes up 9.3% of the portfolio, followed by Amazon (AMZN) and Aon (AON) at 8.8% and 8.5%, respectively. Altimeter CapitalAltimeter CapitalAltimeter Capital Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Hedge Fund 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. Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on 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 . Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. The bullishness on TikTok is obvious, but Meta not so much. Subscribe to The Crossover today! The music was electric and fans were dancing on the big screen. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. 82.9K Followers. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Care to explain? Description. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. 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. 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. The author of this piece and/or members of Workweek media could be invested in companies discussed. Growth to continue post-pandemic? 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. email address below and choose 'Submit'. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. S&P 500WhaleScore [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. News Briefs. There are currently 14 companies in Mrs. Daviss portfolio. older whippets for rehoming How do I update this listing? Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. 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. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. 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. 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. 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. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. They manage Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Investment Advisor Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. ? In addition to quarterly performance, we show annualized performance and the It sold the previously owned 1,155,613 shares for $138 million. New York-based activist and event-driven hedge fund manager Coast Capital is also beating the market this year as they looked for out-of-favor value names in Europe. David Einhorn's: Greenlight Capital. The firm's highlight investments in the past two years include Airbyte, Discord . Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. 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! Fintel is a registered trademark. It is important here to also look at the Sharpe ratio, which stands at 8.96. 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 . In this article, we reviewed Brad Gerstner's biography and investment track record. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. . Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. public funds and serves as an expert long-term partner to companies as they enter the public markets. Altimeter Capital has made 91 investments. Link to 13F filings: SEC filings. 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. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. Brad Gerstner Bio, Returns, AUM, Net Worth. Investors react to every move they make. 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. You are limited to the prior 8 quarters of 13F filings. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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 . The article said Gerstner wanted to build a Venture Capital Empire. 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. For more information, please call (617) 310-6180 or email IR@altimeter.com. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Suite 2310 One International Place Suite 2400. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Question:Was there one take that you felt that Brad made that was particularly interesting? Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities