. [11] United Continental Holdings eventually gave in and changed its board of directors. Altimeter is so impressive in so many ways and it will be hard to squeeze all of my thoughts into 1k words. [1]: News Briefs. Eutelsat continues to provide satellite services to nearly 50% of Russias population, while OneWeb uses SpaceX to launch their satellites since Russias invasion of Ukraine. Altimeter Growth Corp's shares have gained 25% since listing. Altimeter said annual free cash flow can be doubled to $40 billion if it cut headcount by at least 20%, trimmed capital expenditure by at least $5 billion to $25 billion a year and capped annual . Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. 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. Later in 2013, Brad looked to continue to capitalize off his success and launched . Annualized Growth Rate (CAGR). As of 12/31/2022, below is a summary of the Altimeter Capital Management . It sold the previously owned 1,155,613 shares for $138 million. So, which sector is Kim most bullish about? When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Our team will review your remarks prior to publishing. Altimeter Capital. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . View the latest funds and 13F holdings. Data is a real-time snapshot *Data is delayed at least 15 minutes. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. A new blank check company IPO targeting the tech sector, Ark Investments 13F portfolio returned 39.74% annually for the last three years. Back in 2013, Bloomberg ran a profile of Brad Gerstners Altimeter Capital that described the up-and-coming hedge fund manager as an adventurer an amateur pilot and heli-skier who hangs out with big-time CEOs at Burning Man. 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. The Boston-based firm held more than 36 million shares in the cloud data . FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. 2023 PitchBook. Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. 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. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. 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. altimeter capital returns Do Not Sell My Personal Information (CA Residents Only). It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. Altimeter Capital Management's 14 Stock Portfolio: Top 10 Holdings Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). In a $400M fund we might have 10 investments.. Contact Email info@altimeter.com. All rights reserved. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Altimeter Capital_ - Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Written by Question:How did the investment playout? Altimeter Capital Management, LP (Boston) | Adviser Rankings - wallmine Read full disclaimer >. containing a link to download the .zip file of the CSV file(s) you requested. Phone Number (617) 310-6180. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. This means they effectively own approximately 0.1% of the company. 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. 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 Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. All Rights Reserved. Altimeter SPAC goes public | PE Hub $6.9 M. It sold the previously owned 1,155,613 shares for $138 million. 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. the total portfolio value. A new $450M tech SPAC. Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. [2]: Warren Buffett's: Berkshire Hathaway. We want to hear from you. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. Type a symbol or company name. Get this delivered to your inbox, and more info about our products and services. 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. AGC is a SPAC which is a blank-check company. Altimeter SPAC goes public. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Meta Platforms Inc makes up 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. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Altimeter takes a deep fundamental approach to security analysis. 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. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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. 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. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. 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. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Quickly find out what the most recently closed or increased positions are. Then theres Snowflake (SNOW). While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Altimeter Capital Portfolio Investments, Altimeter Capital Funds Investor Performance. Right? Altimeter | LinkedIn 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. Chuck manages $16.2 billion worth of assets and his portfolio has given average returns of 46.4% over a period of three years, on an annualized basis. 3. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. San Francisco, CA 94105 When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? 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. The stocks discussed may be volatile and illiquid. Performance numbers calculated through 2023-02-14. Let me know what you thought by replying back to this email. Currently, their heaviest sector is Technology making up 85.1% of [2] The firm focuses on technology investments in both public and private markets globally. returns for each quarter. Louis Bacon's: Moore Capital Management. Altimeter Capital Management LP | AUM 13F Altimeter's 15.1% stake in Snowflake Inc (NYSE: SNOW) data analytics company was valued at close to $4.4 billion upon its U.S . Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. Kims portfolio has gained a whopping 569.2% since 2013. The average market cap of the portfolio companies is close to $270 billion. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. 10.8% (Clickhereto subscribe to the Delivering Alpha newsletter.). All rights reserved. privacy policy or contact The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Hedge Fund Revenue. The companies may have limited operating histories, little available public information. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Current Brad Gerstner Portfolio: Altimeter Capital - New Trader U [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Copyright 2023 Altimeter Capital. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. On this Wikipedia the language links are at the top of the page across from the article title. 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. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December.
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