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Meta (META): Activist Investor Calling for Layoffs and Capex Cuts Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. Brad Gerstner | 2023 Phocuswright Conference: November 13-16, 2023, Ft 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. The . Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. 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. Altimeter Capital Chairman and CEO Brad Gerstner said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. A new Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. Altimeter Capital Management LP Top Holdings 13F Filings The information in the Blog constitutes the Content Creators own opinions. ALTIMETER CAPITAL MANAGEMENT, LP SC 13G/A Filing Concerning SNOW on 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 Capital Management, L.P.s portfolio is diversified across 4 sectors. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. 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. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. To put that in perspective, excluding your large . All rights reserved. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. Sign up for free newsletters and get more CNBC delivered to your inbox. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. [2] The firm focuses on technology investments in both public and private markets globally. # . Altimeter Capital Company Profile | Management and Employees List To calculate this, Answer:Overwhelmed, but not why you might think. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. Got a confidential news tip? TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. to see more advanced email alert options such as selecting any type of Manager Monday: Altimeter Capital Management - Novus Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Annualized Growth Rate (CAGR). 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. The majority of the companies in the funds portfolio are large-cap stocks. Ray Dalio's: Bridgewater Associates. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. 706 Following. In contrast, the S&P 500 stock index has gained 290.9%. Long-time Wayfair insider bought $13.6M of W on the open market. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. 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 Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). For media inquiries, please contact press@altimeter.com. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . 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! Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. us for more details. As of 12/31/2022, below is a summary of the Altimeter Capital Management . Meta Shareholder Writes Critical Open Letter, Saying the Company Needs In a $400M fund we might have 10 investments.. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. That would make it the largest SPAC merger ever, more than [] You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Unlike an ordinary SPAC . It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). 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. and a top 10 holdings concentration of 99.95%. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Headquarters Location. Login : Altimeter [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. See you in your inbox every Monday and Thursday. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. Everything in Dividend Ideas. Answer:Yes way and quite a few of them. Past performance is not an indication of future results. Want to get these in your inbox to never miss an edition? 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. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. 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. Buying high. 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. The information in this website is for general reference purposes and is subject to change without notice or update. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Brad Gerstner is an American investor and entrepreneur. San Francisco, CA 94105 On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Suite 4610 [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. privacy policy or contact Required fields not completed correctly. The firm's highlight investments in the past two years include Airbyte, Discord . The article said Gerstner wanted to build a Venture Capital Empire. Investor Performance. Equal-WTWhaleScore 2.0 Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. Altimeter Capital Fund Manager Profile | Preqin The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Kultura Capital Management is being structured as a hybrid fund that will focus on late-stage tech startups as well as public companies, the person said. 2021 Workweek Media Inc. All rights reserved. . When completed, an email will be sent to the email address you specify After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Copy and paste multiple symbols separated by spaces. Download 13F Summary [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. 64% of the total holdings value. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. He founded a technology-focused investment firm called Altimeter Capital in 2008. They manage 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. Compare against similar firms. Altimeter Capital 53 Portfolio companies, 81 Investments, Team Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Altimeter is a leading technology-focused investment firm built by founders for founders. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Written by A Division of NBCUniversal. So, which sector is Kim most bullish about? A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. Contact Email info@altimeter.com. Nothing on this website constitutes, or is meant to constitute, advice of any kind. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Performance 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. One International Place Suite 2400. Altimeter Capital has had 22 exits. Altimeter Capital Management's Performance. He also served as a co-CEO of a travel company called National Leisure Group. 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 | AUM 13F Altimer Capital Custom tailored debt financing solutions Ault Global disclosed a 9.96% position in NTN Buzztime. You can expect to hear more about Brad and some of his investments soon in The Crossover! Kims portfolio has gained a whopping 569.2% since 2013. 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 . 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. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Altimeter is a leading technology-focused investment firm built by founders for founders. It is important here to also look at the Sharpe ratio, which stands at 8.96. TipRanks->. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 to $30B in annual capex in 2022. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. Altimeter Capital - Free Partner Email & Investor Profile Question:Okay then. ? [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Usually, a Sharpe ratio of more than 1 is considered good, while a ratio that is below 1 should be judged based on the investment strategy used. altimeter capital returnsstriped bark scorpion altimeter capital returns. Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday, April 13, 2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion in preparation for an initial public offering in the U.S . [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Grab to list in US via $40 bln merger with Altimeter Growth Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and 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. All Rights Reserved. Create Email Alert, ***Log In or ISRO (Indian Space Research Organisation) has provided the small satellite bus platform to which French national space agency CNES payload composed of ARGOS-3 and Altika instruments (altimeter, radiometer, DORIS, LRA) are integrated. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Get this delivered to your inbox, and more info about our products and services. 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 . Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. 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 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 MV of securities sold, whichever is less, 535 Mission Street, . "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. 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. The total portfolio value may be much higher due to cash Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say, David Einhorn on his winning short 'bubble basket' strategy that he's continuing, Stock pickers continue to shine after a better year and here are their favorite names in 2023. Fintel . Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . 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 grew its stake in GitLab by 174.6% during the 1st quarter. email address below and choose 'Submit'. In this article, we discuss the 10 stocks that Brad Gerstner is talking about. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. 2. Top 10 Stocks Held By Altimeter Capital Management LP , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. altimeter capital returns Returns from the best ideas are usually diluted by a long tail of lower quality ideas. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Type a symbol or company name. Everyone thought he was crazy.. At 09/30/2022: $4,676,285. Then theres Snowflake (SNOW). Fintel is a registered trademark. This will schedule a job to export all requested 13f holdings data for this filer. Tan Hooi Ling is a co-founder of Grab and the current COO. Passing Through Joined January 2009. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Altimeter SPAC goes public. returns for each quarter. Heatmaps of the top 13f holdings and a list of the largest trades made by Altimeter Capital Management, the hedge fund managed by Brad Gerstner. Home : Altimeter [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. Popular Searches. It doesn't run an office outside of the United States. Cedar Rock is based out of London, United Kingdom. Altimeter Capital has made 91 investments. 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. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. Thats nearly 2.2x the annual return of the S&P 500 over that period. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. 2023 CNBC LLC. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Map , San Francisco [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. About us. 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. 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. Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. 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. 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 Tweets. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. ExodusPoint Capital Management LP Sells 38,873 Shares of Toast, Inc Altimeter CapitalAltimeter CapitalAltimeter Capital 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.. Altimeter Capital has made 7 diversity investments. Return to search. All rights reserved. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. 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. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. Join the more than 1.5 million industry professionals who get our daily newsletter! These symbols will be available throughout the site during your session. To calculate this, we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and returns for each quarter. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. the total portfolio value. Altimeter Capital Management is based out of Boston. The Boston-based firm held more than 36 million shares in the cloud data . This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Altimeter Capital Management Investor Profile: Portfolio & Exits Fast forward seven years, and Gerstner has pretty much achieved his goal. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. 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. Altimeter Capital: From $3M to $1B in 5 years - Workweek 3. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. You can reach the main office by . [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. Founder - Altimeter Capital. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Altimeter SPAC goes public | PE Hub A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. Altimeter Capital is in talks with ride . Its first private fund was closed in 2013. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Watch for disclosures from these smart money hedge funds. Altimeter.com is Altimeter's only website. 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. 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. 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. Catherine Woods fund seeks out Disruptive Innovation.. Warren Buffett's: Berkshire Hathaway. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. Altimeter Capital. Welcome to Sure Dividend - Sure Dividend Altimeter Capital's second 'blank check' IPO raises $400 million Investors react to every move they make. Altimeter Capital Management, LP 13F Filings Boston, MA 02110 The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. 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. The music was electric and fans were dancing on the big screen. https://www.linkedin.com/company/altimeter-capital Brad Gerstner (@altcap) / Twitter Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459.
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