After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. A new $450M tech SPAC. It sold the previously owned 1,155,613 shares for $138 million. Counting life in days and acts of kindness. Menlo Park, CA 94025 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 . [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. [2] The firm focuses on technology investments in both public and private markets globally. Altimeter.com is Altimeters only website. to see more advanced email alert options such as selecting any type of 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. 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. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. 64% of the total holdings value. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. 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. There are currently 14 companies in Mrs. Daviss portfolio. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. The Boston-based firm held more than 36 million shares in the cloud data . In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. These positions were updated on August 15th based on the funds latest 13F filing. Thats nearly 2.2x the annual return of the S&P 500 over that period. I am not kidding. 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. It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. 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). Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The average market cap of the portfolio companies is close to $270 billion. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Do Not Sell My Personal Information (CA Residents Only). Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. The stocks discussed may be volatile and illiquid. We want to hear from you. TipRanks->. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. This website is not an offer to, or solicitation of, any potential clients or investors for any . Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Care to explain? 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. How do I update this listing? Tweets. 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. To calculate this, 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. Download 13F Summary So, without further ado, using TipRanks data, here are some of the top-ranked hedge fund managers from some of the Best Hedge Funds this year. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. Sign up for free newsletters and get more CNBC delivered to your inbox. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Finance Department. Map . Description. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . 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, according to data from HFR. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. Subscribe to The Crossover today! Revenue. Link to 13F filings: SEC filings. 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. 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. 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. . What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Over the last three years, Meta has also dramatically increased its capital expenses. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. "Altimeter Capital CEO on Travel, Enterprise and the Sharing Economy", "Online-Travel King Brad Gerstner Wants Venture Capital Empire", "After Snowflake windfall, Altimeter Capital captures dealmaking spotlight | PitchBook", "Bradley Gerstner Investor Profile: Portfolio & Exits | PitchBook", "Singapore's Grab Delays Merger Completion to Fourth Quarter", "Grab IPO: what to know and how to buy Grab shares", "Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC", "SPACS Altimeter Growth II, One Equity Open Water I to liquidate early | Seeking Alpha", "Brad Gerstner's Altimeter Capital has an $8B profit on Snowflake. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Investor Performance. The music was electric and fans were dancing on the big screen. Ray Dalio's: Bridgewater Associates. Altimeter Capital has made 7 diversity investments. 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. 2550 Sand Hill Road, The firm's highlight investments in the past two years include Airbyte, Discord . To put that in perspective, excluding your large . Unlike an ordinary SPAC . 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. Phone Number (617) 310-6180. 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. These licenses may or may not be disclosed by the Content Creator in the Blog. Per Altimeter's website: Altimeter Capital is a global investment . Likes. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. ? 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. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Media. 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. The Sohn Investment Conference, one of the biggest hedge fund gatherings of the year, took place yesterday in New York, with Bill Ackman, David Einhorn, Keith Meister, and Larry Robbins among the hedge Brad Gerstner's Altimeter Capital disclosed a 5.1% stake inTableau Software Inc (NYSE:DATA). Altimeter Capital Management is based out of Boston. 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 Management is based out of Boston. 10.8% Quickly find out what the most recently closed or increased positions are. About us. The Altimeter Capital management team includes Brad Gerstner (Founder & CEO), John Kiernan (Chief Financial Officer and Chief Compliance Officer), and Hab Siam (General Counsel and Chief Compliance Officer) . Investment Advisor 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.com is Altimeter's only website. 82.9K Followers. 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. 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. 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. The majority of the companies in the funds portfolio are large-cap stocks. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Return to search. Boston, Massachusetts, 02110, Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. 2023 PitchBook. 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. Fast forward seven years, and Gerstner has pretty much achieved his goal. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Alt Turnover is calculated by taking either the total MV of new purchases or We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. [2]: In this article, we reviewed Brad Gerstner's biography and investment track record. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). the MV of securities sold, whichever is less, With SNOW currently trading at $242, that stake is now worth $8.8 billion. $4.33 billion and $4.33 billion respectively. "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. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. All text and design is copyright 2020 WhaleWisdom.com. Popular Searches. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. In a $400M fund we might have 10 investments.. containing a link to download the .zip file of the CSV file(s) you requested. I think launching the fund wasnt actually crazy, but ratherbrilliant. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. 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 managers portfolio has a Sharpe ratio of 7.98. This means they effectively own approximately 0.1% of the company. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Question:If you think you will be on a word crunch, why are you using words to explain how you are feeling instead of just jumping right in? [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. 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 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. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Subscribe to WhaleWisdom to view all filing data The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. In addition to quarterly performance, we show annualized performance and the Altimeter.com is . 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. Altimeter is a leading technology-focused investment firm built by founders for founders. 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%. Thanks for the read! Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? Steven Cohen's: Point72 Asset Management. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Buying high. Create your Watchlist to save your favorite quotes on Nasdaq.com. Gaurav Kapadia is off to an impressive start. Personally, this means less time traveling and going to dinners but more time in nature and with his family. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Altimeter Capital is the famous VC, which was founded in 2008. A Division of NBCUniversal. One International Place Suite 2400. The IRR is equivalent to the Compound The article said Gerstner wanted to build a Venture Capital Empire.
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