altimeter capital returns

2023 PitchBook. We want to hear from you. or to simply have an email sent to you whenever we receive a new Grab to list in US via $40 bln merger with Altimeter Growth AGC is a SPAC which is a blank-check company. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . These licenses may or may not be disclosed by the Content Creator in the Blog. In addition to quarterly performance, we show annualized performance and the . This website is provided as is without any representations or warranties, express or implied. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. 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. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. Type a symbol or company name. The bullishness on TikTok is obvious, but Meta not so much. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. refer to our Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Altimeter is a leading technology-focused investment firm built by founders for founders. 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. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. 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. These symbols will be available throughout the site during your session. 71.4% of the portfolio companies Fast forward seven years, and Gerstner has pretty much achieved his goal. All rights reserved. returns for each quarter. Answer:Yes way and quite a few of them. Altimeter Capital Management Fund Performance History & Annualized Return Get Contact Info for All Departments. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. Investment Advisor [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. 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. Popular Searches. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Altimeter LLC. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. United Stockholders Altimeter Capital and PAR Capital Announce Proxy For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. HOME | Altimeterwealth Charlotte NC Best wealth management Shrilekha Pethe for They did not look at something as public or private investment. 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. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. Our team will review your remarks prior to publishing. Everyone thought he was crazy.. $4.33 billion and $4.33 billion respectively. 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 returns. 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 . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. In contrast, the S&P 500 stock index has gained 290.9%. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. The firm's highlight investments in the past two years include Airbyte, Discord . Suite 150 If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. 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. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. "On . So, which sector is Kim most bullish about? Altimeter Capital_ - Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million Performance numbers calculated through 2023-02-14. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker 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. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Luck befalls the curious mind. The article said Gerstner wanted to build a Venture Capital Empire. The author of this piece and/or members of Workweek media could be invested in companies discussed. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Return to search. 2023 CNBC LLC. Per Altimeter's website: Altimeter Capital is a global investment . 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. 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%. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. 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 . 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. 82.9K Followers. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. At 12/31/2022: $3,652,571. Brad Gerstner - Forbes Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. SEC form, multiple filers or classes of filers, and much more.***. It sold the previously owned 1,155,613 shares for $138 million. Copyright 2023 Altimeter Capital. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in You understand that the Content Creator is not advising, and will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Annualized Growth Rate (CAGR). Attached below are some of the articles and podcasts I used to help put this piece together! Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. containing a link to download the .zip file of the CSV file(s) you requested. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs Investing in the investments discussed in the Blog may be risky and speculative. Altimeter Capital. OriginalWhaleScore and a top 10 holdings concentration of 99.95%. 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. Get our editors daily picks straight in your inbox! Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. About Altimeter Capital Altimeter is a global investment firm managing both public and private funds focused on the airline, travel, technology, internet, software, and consumer sectors. Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. 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. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. ExodusPoint Capital Management LP Sells 38,873 Shares of Toast, Inc Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. This website is not an offer to, or solicitation of, any potential clients or investors for any . Altimeter Capital - Free Partner Email & Investor Profile The fund has exact preference in some . What jumps out to you the most about Altimeters journey? Meta (META): Activist Investor Calling for Layoffs and Capex Cuts Altimeter Capital 53 Portfolio companies, 81 Investments, Team Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. San Francisco, CA 94105 Counting life in days and acts of kindness. One International Place, Download 13F Summary On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . 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. At Altimer Capital, we support businesses that leverage the power of data to drive growth.. Digital technologies continue to redefine industries and transform business models.Data-enabled companies have historically grown 75% faster on average than their peers and have been twice as likely to achieve their customer-experience goals. Grab to list in US via $40 bln merger with Altimeter Growth 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. 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. At 09/30/2022: $4,676,285. Altimeter Capital's tech SPAC Altimeter Growth Corp. prices $450 10.8% Answer:Easily the origins of the fund. 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. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. Altimeter Capital Fund Manager Profile | Preqin Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. All Rights Reserved. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. In addition to quarterly performance, we show annualized performance and the Let me know what you thought by replying back to this email. Brad Gerstner (@altcap) / Twitter [2] The firm focuses on technology investments in both public and private markets globally. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. Contact Email info@altimeter.com. You are limited to the prior 8 quarters of 13F filings. Everyone always talks about the new FinTech companies on the scene, but. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. Altimeter CapitalAltimeter CapitalAltimeter Capital Fintel . Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. altimeter capital returns Growth to continue post-pandemic? Overreacting during times of uncertainty. Gerstner has proven himself to be a world-class stock picker. Menlo Park, CA 94025 Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. 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. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and divided by the total MV of the fund. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Toast, Inc. (NYSE:TOST) Shares Sold by ExodusPoint Capital Management Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Alt Turnover is calculated by taking either the total MV of new purchases or 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. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Altimeter SPAC goes public. You can expect to hear more about Brad and some of his investments soon in The Crossover! Investors believe they can predict the future. Question:Okay then. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. When completed, an email will be sent to the email address you specify Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Get this delivered to your inbox, and more info about our products and services. . Sign-up Type a symbol or company name. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . Altimeter Capital Management is an investment firm that operates within the technology sector. 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. to see more advanced email alert options such as selecting any type of 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. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Meta shareholder tells company to cut staff, 'get fit and focused' older whippets for rehoming TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. 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. Altimeter Capital Company Profile | Management and Employees List . Map , Boston To calculate this, The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. altimeter capital returns; altimeter capital returns. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Quarter Holdings Value ($000) Form Type Date Filed Filing ID Name; Q4 2022: 11: 3,652,571: 13F-HR: 2/14/2023: 000154161723000003: Altimeter Capital Management, LP Hedge fund winners and losers emerge in brutal tech-driven sell-off - CNBC As revealed in a recent 13D filing with the US SEC, Brad Gerstner's Altimeter Capital Managemententered into a settlement agreement with theUnited Continental Holdings Inc. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. While the firms mostly won't be able to sell their shares until lockup periods expire . Altimeter Capital Management, LP - Investor Performance About. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. 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. Subscribe to The Crossover today! Altimeter Capital Management is based out of Boston. ? Founder - Altimeter Capital. We make money even in declining markets.". A Look at the Best Performing Hedge Fund Managers In 2021 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. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. 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. Gaurav Kapadia is off to an impressive start. Care to explain? Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. ? Written by Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Altimeter Capital Management Investor Profile: Portfolio & Exits Altimeter is a leading technology-focused investment firm built by founders for founders. Please Among the most successful fund investment fields, there are Marketplace, Cloud Computing. 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. One International Place Suite 2400. Question:Was there one take that you felt that Brad made that was particularly interesting? The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Passing Through Joined January 2009. 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%. Buying high. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . United Stockholders Altimeter Capital and PAR Capital Express us for more details. The average market cap of the portfolio companies is close to $270 billion. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Seeking profits from 13D & 13G filings? Personally, this means less time traveling and going to dinners but more time in nature and with his family. Sign up for free newsletters and get more CNBC delivered to your inbox. Investor Performance. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. David Einhorn's: Greenlight Capital. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Win whats next. 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 portfolio has a majority of its holdings, that is, 58.6%, in the Consumer Goods sector, with 24.7% of the portfolio invested in Procter & Gamble (PG) and 18.2% invested in Phillip Morris (PM). [11] United Continental Holdings eventually gave in and changed its board of directors. Essentialism is a concept byGreg Mckeownthat emphasizes the idea of not stretching yourself too thin, and rather focusing on doing less and enriching what you choose to spend your time on. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. Map , San Francisco 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. the MV of securities sold, whichever is less, Chase Coleman's: Tiger Global Management. Likes. As of 12/31/2022, below is a summary of the Altimeter Capital Management . To put that in perspective, excluding your large . When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. It doesn't run an office outside of the United States. Hedge Fund - Altimeter Capital Management - Insider Monkey [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and If you require advice in relation to any financial matter you should consult an appropriate professional. 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! [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Performance When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . 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