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. Altimeter Capital Company Profile | Management and Employees List email address below and choose 'Submit'. [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 investor performance is calculated on a quarterly basis. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. 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 It sold the previously owned 1,155,613 shares for $138 million. The managers portfolio has a Sharpe ratio of 7.98. Fintel is a registered trademark. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? "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. After Snowflake windfall, Altimeter Capital captures dealmaking spotlight In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. How do I update this listing? ALTIMETER CAPITAL - The Economic Times 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. All Rights Reserved. Copyright 2023 Altimeter Capital. After Snowflake windfall, Altimeter Capital captures dealmaking 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. Question:Was there one take that you felt that Brad made that was particularly interesting? 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. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? While the firms mostly won't be able to sell their shares until lockup periods expire . Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. All text and design is copyright 2020 WhaleWisdom.com. These positions were updated on August 15th based on the funds latest 13F filing. The minimum investment required for hedge funds is high, which means that usually, hedge funds clients are high net worth individuals (HNWI). TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. 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. Grab to list in US via $40 bln merger with Altimeter Growth For media inquiries, please contact press@altimeter.com. Suite 2310 It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. Unlike an ordinary SPAC . Altimeter Capital is in talks with ride . Altimeter Capital Management Team | Org Chart Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. This means they effectively own approximately 0.1% of the company. Altimeter Capital Management Portfolio | Brad Gerstner 13F Holdings What jumps out to you the most about Altimeters journey? are based in the United States. 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. refer to our While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Top 10 Stocks Held By Altimeter Capital Management LP Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Everyone thought he was crazy.. Views here personal. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. Create your Watchlist to save your favorite quotes on Nasdaq.com. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Brad Gerstner's Tweets. Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Altimeter Capital - Free Partner Email & Investor Profile In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Altimeter Capital Management LP Top Holdings 13F Filings Altimeter Capital Management, LP - Investor Performance . Easily, the highlight of the game for everyone was oddly the rain delay. 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. 64% of the total holdings value. The . 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. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Altimeter Capital Management Fund Performance History & Annualized Return Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Answer:Yes way and quite a few of them. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . us for more details. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Altimeter SPAC goes public | PE Hub Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Thank you and soon you will hear from one of our Attorneys. Hedge fund winners and losers emerge in brutal tech-driven sell-off - CNBC Type a symbol or company name. Sign-up Altimeter Capital - Wikipedia 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. The average market cap of the portfolio companies is close to $270 billion. In a $400M fund we might have 10 investments.. Andy Brown is the CEO and portfolio manager of Cedar Rock Capital, an independent investment firm founded in 2002 and ranked #5 on this list. 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. 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. Luck befalls the curious mind. Still, many players managed to dodge the brutal sell-off and overcome the extreme volatility on Wall Street. The fund focuses on investments in the United States as 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. Written by Nothing on this website constitutes, or is meant to constitute, advice of any kind. [2] The firm focuses on technology investments in both public and private markets globally. Annualized Growth Rate (CAGR). When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Grab to list in US via $40 bln merger with Altimeter Growth Normally $755/year for everything included. To screen for upcoming or past SPAC . 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. Question:Okay then. Trading in such securities can result in immediate and substantial losses of the capital invested. Trian Fund Management was founded in 2005 and is a highly engaged shareowner that combines concentrated public equity ownership with operational expertise, according to the company's website. An additional office of the firm is in Menlo Park, CA. Read full disclaimer >. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. 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. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. Hedge Fund - Altimeter Capital Management - Insider Monkey When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. 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.
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