Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. If you require advice in relation to any financial matter you should consult an appropriate professional. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in 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 was founded in 2008 and is headquartered out of Boston, Massachusetts. Link to 13F filings: SEC filings. In addition to quarterly performance, we show annualized performance and the . For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. Investor Type Hedge Fund, Venture Capital. 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. 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. The stocks discussed may be volatile and illiquid. 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. This will schedule a job to export all requested 13f holdings data for this filer. privacy policy or contact 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 Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, raised $450 million by offering 45 million units at $10. The number of deals was slightly lower than the 52 announcements reported in the same period last year, but it remained well above the second-quarter volume seen in 2020, 2019 and 2018, according to 451 Research. Fast forward seven years, and Gerstner has pretty much achieved his goal. Steven Cohen's: Point72 Asset Management. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. There are 3 reasons why Altimeter is a believer in Meta: There is a wealth of lessons to be learned from Brad Gerstner & Altimeters journey. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. are based in the United States. 706 Following. 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. Likes. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. 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) . 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. Views here personal. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. $4.33 billion and $4.33 billion respectively. 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 has made 7 diversity investments. The leading representative office of defined VC is situated in the Menlo Park. Brown manages $4.2 billion worth of assets, that is, more assets than 92% of other hedge fund managers. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. All Rights Reserved. . Terry is a legendary writer forThe Plain Dealer(Cleveland) who made reading about theCleveland Brownsfun, even though there was literally nothing fun to write about. Alt Turnover is calculated by taking either the total MV of new purchases or While the firms mostly won't be able to sell their shares until lockup periods expire . Reasons they site: 1. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. They did not look at something as public or private investment. 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. OriginalWhaleScore The portfolio has a majority of its holdings, that is, 58.6%, in the Consumer Goods sector, with 24.7% of the portfolio invested in Procter & Gamble (PG) and 18.2% invested in Phillip Morris (PM). Everything in Dividend Ideas. Altimeter Capital has made 91 investments. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Tan Hooi Ling is a co-founder of Grab and the current COO. Altimeter is a leading technology-focused investment firm built by founders for founders. 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. 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 . 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. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. You can reach the main office by . What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Altimeter. 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. Get this delivered to your inbox, and more info about our products and services. Ideal for intelligent investors with $50,000+ portfolios. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. A Division of NBCUniversal. This website is not an offer to, or solicitation of, any potential clients or investors for any . Finance Department. us for more details. Required fields not completed correctly. Map , Boston This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. When completed, an email will be sent to the email address you specify [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate 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. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. SEC form, multiple filers or classes of filers, and much more.***. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. $499/Year. Create your Watchlist to save your favorite quotes on Nasdaq.com. to see more advanced email alert options such as selecting any type of 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. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. the total portfolio value. It sold the previously owned 1,155,613 shares for $138 million. They manage Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. 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. Performance 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. Altimeter Capital. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. 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. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. News Briefs. The author of this piece and/or members of Workweek media could be invested in companies discussed. Currently, their heaviest sector is Technology making up 85.1% of The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Ault bought 295,000 shares 12% of NTNs float on Jan. 25-28. The companies may have limited operating histories, little available public information. The average market cap of the portfolio companies is close to $270 billion. One International Place Suite 2400. Altimeter Capital Management's Top Picks Include Online Travel and Airline Stocks, Have a Look at Two Ongoing Proxy Fights and One Freshly-Completed Activist Campaign, United Continental Holdings Inc. (UAL): Altimeter Capital Management Reaches Agreement with Company, United Continental Holdings, Inc. (UAL): PAR Capital, Altimeter Capital Express Governance Concerns, Put Forth Minority Board Slate, The Latest Activist Moves Made by Jeffrey Smith, Paul Singer, More, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. It is important here to also look at the Sharpe ratio, which stands at 8.96. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. ? Since January 2012, the date of their first 13F filing, the fund has earned its investors a massive 305% return on the long side through October month-end. The IRR is equivalent to the Compound Type a symbol or company name. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. for Q4 2022: commodity pool operator or commodity trading advisor, Percentage of assets under management,Performance-based fees, CHIEF COMPLIANCE OFFICER/DIRECTOR OF FINANCE, CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER, ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER LLC, MANAGING MEMBER ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER, LLC. Altimeter.com is Altimeters only website. Altimeter is a leading technology-focused investment firm built by founders for founders. 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. So, which sector is Kim most bullish about? 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. Altimeter takes a deep fundamental approach to security analysis. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Altimeter Capital Management General Information. Written by 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. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Is a crash imminent? Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. A look at the hedge funds managers portfolio activity indicates that Microsoft (MSFT) makes up 9.3% of the portfolio, followed by Amazon (AMZN) and Aon (AON) at 8.8% and 8.5%, respectively. Brad Gerstner. This website is not an offer to, or solicitation of, any potential clients or investors for any investment management, advisory or any other related services. The Boston-based firm held more than 36 million shares in the cloud data . Buying high. The information in this website is for general reference purposes and is subject to change without notice or update. Investing in the investments discussed in the Blog may be risky and speculative. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Answer:Yes way and quite a few of them. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your 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. [10] The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. 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. Quickly find out what the most recently closed or increased positions are. Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. All rights reserved. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Thanks for the read! On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. This concentration and idea of Essentialism leads to expertise on specific industries, companies, and big bets. FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. 2023 CNBC LLC. 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.

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