Answer:Overwhelmed, but not why you might think. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight Contact Email info@altimeter.com. The total portfolio value may be much higher due to cash Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. 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. Performance Meta (META): Activist Investor Calling for Layoffs and Capex Cuts Toast, Inc. (NYSE:TOST) Given Average Recommendation of "Hold" by "On . 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. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Snowflake (SNOW) makes up more than half of Gerstners portfolio at 52%, followed by Meta Platforms (FB) and Uber Technologies (UBER) at 10.4% and 8.9%, respectively. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. A Look at the Best Performing Hedge Fund Managers In 2021 FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Fast forward seven years, and Gerstner has pretty much achieved his goal. Counting life in days and acts of kindness. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million. $4.33 billion and $4.33 billion respectively. Investors believe they can predict the future. AGC is a SPAC which is a blank-check company. Altimeter. Reasons they site: 1. Steven Cohen's: Point72 Asset Management. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. ALTIMETER CAPITAL MANAGEMENT, LP Total Shares: 25,784,379 Subject Company: Snowflake, Inc. - View Complete Ownership History Backtest Filed as of Date: 06/21/2021: Event Date: 06/10/2021: Overall % Ownership: 8.72: Theoretical performance if you bought this security on the day the filing was released. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . Altimeter Capital Management General Partner, LLC - Insider Trading Tracker Altimeter manages a variety of venture and
Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. 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. Popular Searches. In contrast, the S&P 500 stock index has gained 290.9%. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. All text and design is copyright 2020 WhaleWisdom.com. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million S&P 500WhaleScore [2]: 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. Attached below are some of the articles and podcasts I used to help put this piece together! Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. A new Altimeter Capital_ - Meta Platforms Inc makes up Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. The principal office where Altimeter Capital Management, LP performs its advisory services is located at One International Place, Boston, MA 02110, which is also the mailing address of the firm. 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. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. Let me know what you thought by replying back to this email. All rights reserved. Plan. Brad Gerstner. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. This will schedule a job to export all requested 13f holdings data for this filer. Designed for 5 yrs, ISRO-launched satellite completes decade and Altimeter Capital has had 22 exits. 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 SPAC goes public. Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine He also served as a co-CEO of a travel company called National Leisure Group. 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 Management, LP investor performance is calculated on a quarterly basis. 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. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Following Alpha: Altimeter Capital - Q4 2015 Review In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Copyright 2023 Altimeter Capital. Nothing on this website constitutes, or is meant to constitute, advice of any kind. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Subscribe to The Crossover today! Brad Gerstner - Wife, Bio, Portfolio & Altimeter - Biography Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Return to search. We focus only on the top 10 holdings. These symbols will be available throughout the site during your session. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 71.4% of the portfolio companies 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. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. Altimeter Growth Corp's shares have gained 25% since listing. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. ? After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Link to 13F filings: SEC filings. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. To screen for upcoming or past SPAC . Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. About. You are limited to the prior 8 quarters of 13F filings. This website is provided as is without any representations or warranties, express or implied. News Briefs. 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. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Altimeter Capital Fund Manager Profile | Preqin Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Please Altimeter Capital Management's 14 Stock Portfolio: Top 10 Holdings It is important here to also look at the Sharpe ratio, which stands at 8.96. Grab to list in US via $40 bln merger with Altimeter Growth Home : Altimeter older whippets for rehoming Altimeter Capital - Crunchbase Investor Profile & Investments You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Altimeter Capital Management Team | Org Chart These positions were updated on August 15th based on the funds latest 13F filing. altimeter capital returnsstriped bark scorpion altimeter capital returns. 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. A new $450M tech SPAC. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Altimeter Capital Management Portfolio | Brad Gerstner 13F Holdings Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Altimeter Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, raised $450 million by offering 45 million units at $10. 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. Altimeter Capital Management, LLC - Brad Gerstner - TipRanks United Stockholders Altimeter Capital and PAR Capital Announce Proxy Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Trading in such securities can result in immediate and substantial losses of the capital invested. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. 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. 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. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your 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. 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. Headquarters Location. I was intrigued by this idea of public market investors also doing private market investing. ALTIMETER CAPITAL MANAGEMENT, LP SC 13G/A Filing Concerning SNOW on 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. 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. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. 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. The fund was located in North America if to be more exact in United States. Investor Type Hedge Fund, Venture Capital. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Menlo Park, CA 94025 TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. Hedge fund XN was one of 2020s largest new funds. One International Place, The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. 64% of the total holdings value. 2. 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. Altimeter Capital - Investments, Portfolio & Company Exits - Crunchbase