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 (Boston) | Adviser Rankings - wallmine 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. 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. Altimeter Capital Management Fund Performance History & Annualized Return Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. 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. Historical performance of Altimeter Capital Management, showing the return on investment of the portfolio managed by Brad Gerstner and comparing it to other hedge funds. San Francisco, CA 94105 After Snowflake windfall, Altimeter Capital captures dealmaking spotlight Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . 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 . Data is a real-time snapshot *Data is delayed at least 15 minutes. Buying high. Thanks for the read! A Division of NBCUniversal. 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 Altimeter is a leading technology-focused investment firm built by founders for founders. ? 706 Following. Brad Gerstner - Wife, Bio, Portfolio & Altimeter - Biography AGC is a SPAC which is a blank-check company. Altimeter LLC. 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. 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. The leading representative office of defined VC is situated in the Menlo Park. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). Brad is the Founder and CEO of Altimeter Capital - an internet, software, and travel focused investment firm founded in 2008 and located in Silicon Valley and Boston. In April 2021 it was announced that AGC would merge with Singapore ridesharing company, Grab to help it list on Nasdaq under the ticker, GRAB. Home : Altimeter Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. 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. 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. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. Boston, Massachusetts, 02110, Brad Gerstner's Tweets. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. altimeter capital returns Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages I think launching the fund wasnt actually crazy, but ratherbrilliant. Our team will review your remarks prior to publishing. . Likes. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Shrilekha Pethe for Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Watch for disclosures from these smart money hedge funds. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. 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. 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. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Altimeter.com is Altimeter's only website. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. ExodusPoint Capital Management LP Sells 38,873 Shares of Toast, Inc The managers portfolio has a Sharpe ratio of 7.98. 2. This has significant impacts on both Brads personal life and Altimeters investing style. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . 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. Fast forward seven years, and Gerstner has pretty much achieved his goal. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. Altimeter Capital Management General Information. altimeter capital returns. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. Meta shareholder wants Facebook parent to cut jobs, spending Altimeter Capital Management Team | Org Chart for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. In contrast, the S&P 500 stock index has gained 290.9%. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. HOME | Altimeterwealth Charlotte NC Best wealth management Subscribe to The Crossover today! 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. 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. Altimeter Growth Corp's shares have gained 25% since listing. Map , San Francisco Gerstner has proven himself to be a world-class stock picker. A Recession Is Already Here, Hedge Fund Manager Says Phone Number (617) 310-6180. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. 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. The fund was located in North America if to be more exact in United States. At 09/30/2022: $4,676,285. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. $499/Year. GitLab Inc. (NASDAQ:GTLB) Shares Purchased by Credit Suisse AG Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. are based in the United States. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. divided by the total MV of the fund. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. One International Place, Tech SPAC Altimeter Growth Corp. 2 prices further upsized $400 million 71.4% of the portfolio companies Altimeter Capital Management Investor Profile: Portfolio & Exits The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. ? Headquarters Location. Tweets. The fund focuses on investments in the United States as Gaurav Kapadia is off to an impressive start. 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. Altimeter Capital Management LLC. 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 . "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. 3. Conforti joined Altimeter, which is led by Brad Gerstner, in 2021 to invest in technology companies as they cross over from private to public markets. It is important here to also look at the Sharpe ratio, which stands at 8.96. 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. You must have a subscription to view WhaleScore histories. Question:Was there one take that you felt that Brad made that was particularly interesting? For media inquiries, please contact press@altimeter.com. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Altimeter Capital Management's Performance. They manage Stocks with a size of more than $10 billion in market cap make up Altimeter.com is . Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. They did not look at something as public or private investment. You can reach the main office by . 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). All rights reserved. Sign-up [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Article: Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX. 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. Please Altimeter SPAC Has Reported $40 Billion Deal for Ride-Hail Company Grab 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. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Altimeter Capital Management's 21 Stock Portfolio: Top 10 Holdings Analyzed Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Win whats next. 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. Altimeter Capital 53 Portfolio companies, 81 Investments, Team Sign up for free newsletters and get more CNBC delivered to your inbox. 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. This website is not an offer to, or solicitation of, any potential clients or investors for any . Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . While the firms mostly won't be able to sell their shares until lockup periods expire . That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Suite 150 Performance numbers calculated through 2023-02-14. Read full disclaimer >.