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. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). 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. 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. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. 535 Mission Street, altimeter capital returns; altimeter capital returns. 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. Altimeter Capital: From $3M to $1B in 5 years, Investing with Altimeter Capitals Brad Gerstner, Brad Gerstner Public & Private Investing, Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX, See you in your inbox every Monday and Thursday. Altimeter is a leading technology-focused investment firm built by founders for founders. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. In addition to quarterly performance, we show annualized performance and the . "On . Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). To calculate this, 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. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. Sign-up and a top 10 holdings concentration of 99.95%. Gerstner has proven himself to be a world-class stock picker. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. 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. 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 . Tan Hooi Ling is a co-founder of Grab and the current COO. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Altimeter CapitalAltimeter CapitalAltimeter Capital Altimeter Capital 's most notable exits include . Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. 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. I was intrigued by this idea of public market investors also doing private market investing. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. The information in this website is for general reference purposes and is subject to change without notice or update. Kims portfolio has gained a whopping 569.2% since 2013. Nothing on this website constitutes, or is meant to constitute, advice of any kind. (Clickhereto subscribe to the Delivering Alpha newsletter.). Then theres Snowflake (SNOW). Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Answer:So Altimeter Capital is incredibly bullish onMeta (Facebook) even though the company is an early investor inBytedance(5 years ago), the parent company ofTikTok. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. Alt Turnover is calculated by taking either the total MV of new purchases or This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. It doesn't run an office outside of the United States. We want to hear from you. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. 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 . "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. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. 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 . The article said Gerstner wanted to build a Venture Capital Empire. Buying high. Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. If you require advice in relation to any financial matter you should consult an appropriate professional. What jumps out to you the most about Altimeters journey? Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. He founded a technology-focused investment firm called Altimeter Capital in 2008. Type a symbol or company name. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. On this Wikipedia the language links are at the top of the page across from the article title. returns for each quarter. Ray Dalio's: Bridgewater Associates. These positions were updated on August 15th based on the funds latest 13F filing. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Plan. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Stocks with a size of more than $10 billion in market cap make up Investment Advisor Growth to continue post-pandemic? 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. Answer:Unbelievably well. The Boston-based firm held more than 36 million shares in the cloud data . 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. 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). Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. I am not kidding. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Counting life in days and acts of kindness. divided by the total MV of the fund. A new $450M tech SPAC. Equal-WTWhaleScore 2.0 Phone Number (617) 310-6180. The music was electric and fans were dancing on the big screen. For more information, please call (617) 310-6180 or email IR@altimeter.com. Map , Boston Right? It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Sharpe ratio is a measure of risk-adjusted return that indicates the additional return obtained by the hedge fund investor for every level of risk taken. The . Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. Revenue. 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. The fund has exact preference in some . Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). Hedge fund XN was one of 2020s largest new funds. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. 2021 Workweek Media Inc. All rights reserved. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. To put that in perspective, excluding your large . SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. . Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Long-time Wayfair insider bought $13.6M of W on the open market. . 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 . the MV of securities sold, whichever is less, The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Altimeter Capital employs 13 employees. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Required fields not completed correctly. Menlo Park, CA 94025 Hedge Fund Warren Buffett's: Berkshire Hathaway. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Media. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. You must have a subscription to view WhaleScore histories. Read full disclaimer >. The activist hedge fund industry oversees approximately $120 billion in assets under management, which enables activists to acquire stakes even in the largest U.S. public companies. 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. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. For media inquiries, please contact press@altimeter.com. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Views here personal. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. the total portfolio value. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Sign up for free newsletters and get more CNBC delivered to your inbox. Contact Email info@altimeter.com. [2] The firm focuses on technology investments in both public and private markets globally. Get this delivered to your inbox, and more info about our products and services. About us. 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! The IRR is equivalent to the Compound Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities 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. Gaurav Kapadia is off to an impressive start. Thanks for the read! 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. Overreacting during times of uncertainty. It sold the previously owned 1,155,613 shares for $138 million. Since January 2012, the date of their first 13F filing, the fund has earned its investors a massive 305% return on the long side through October month-end. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Bill Ackman's: Pershing Square Capital Management. privacy policy or contact The companies may have limited operating histories, little available public information. 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. Here are the 10 most popular hedge fund managers in WhaleWisdom. 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. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. 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. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. An additional office of the firm is in Menlo Park, CA. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022.