Altimeter Capital's tech SPAC Altimeter Growth Corp. prices $450 After Snowflake windfall, Altimeter Capital captures dealmaking spotlight. David Einhorn's: Greenlight Capital. Type a symbol or company name. Answer:Overwhelmed, but not why you might think. So, which sector is Kim most bullish about? 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%. For an individual retail investor, a closer look at hedge funds data reveals which companies or sectors they are upbeat about an interesting insight. Designed for 5 yrs, ISRO-launched satellite completes decade and All rights reserved. He is bullish on both, which to many could see as being contradicting. Media. Grab to list in US via $40 bln merger with Altimeter Growth 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. Altimeter Capital Fund Manager Profile | Preqin 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 . 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. All rights reserved. 3. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Silicon Valley Akres portfolio has a Sharpe ratio of 8.06 with 57.9% of the portfolio invested in the financial sector and 25.1% invested in the technology sector. One International Place Suite 2400. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 2015-2023 Fintel Ventures LLC. Cedar Rock is based out of London, United Kingdom. Watch for disclosures from these smart money hedge funds. [1]: Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Altimeter Capital Management General Information. We make money even in declining markets.". [11] United Continental Holdings eventually gave in and changed its board of directors. 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. 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. A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. Question:Okay then. 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 . [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. 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 . Map , San Francisco Here are the 10 most popular hedge fund managers in WhaleWisdom. Altimeter Capital Management is an investment firm that operates within the technology sector. United Stockholders Altimeter Capital and PAR Capital Express Altimeter Capital Management LP | AUM 13F These positions were updated on August 15th based on the funds latest 13F filing. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. The Boston-based firm held more than 36 million shares in the cloud data . Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. older whippets for rehoming Brad Gerstner Bio, Returns, AUM, Net Worth. 64% of the total holdings value. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Altimeter Capital - Investments, Portfolio & Company Exits - Crunchbase 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 LLC. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. regarding PitchBook Data's products. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Overreacting during times of uncertainty. 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. The fund focuses on investments in the United States 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. Altimeter Capital Chairman and CEO Brad Gerstner said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. Suite 150 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. SEC form, multiple filers or classes of filers, and much more.***. Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities and a top 10 holdings concentration of 99.95%. Nothing on this website constitutes, or is meant to constitute, advice of any kind. 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. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Sign up for free newsletters and get more CNBC delivered to your inbox. News Briefs. Suite 4610 Phone Number (617) 310-6180. 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. About us. ALTIMETER CAPITAL MANAGEMENT, LP Top 13F Holdings - WhaleWisdom.com Everyone thought he was crazy.. Stocks with a size of more than $10 billion in market cap make up All Rights Reserved. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Altimeter Capital's second 'blank check' IPO raises $400 million Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. The portfolio is sharply skewed towards the technology sector, with an investment of 91.6% in this sector. You can expect to hear more about Brad and some of his investments soon in The Crossover! Altimeter Capital is the famous VC, which was founded in 2008. Meta shareholder wants Facebook parent to cut jobs, spending , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. A Recession Is Already Here, Hedge Fund Manager Says On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. the total portfolio value. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. 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. divided by the total MV of the fund. Investing in the investments discussed in the Blog may be risky and speculative. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Altimeter.com is Altimeters only website. 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. Current Brad Gerstner Portfolio: Altimeter Capital - New Trader U Warren Buffett's: Berkshire Hathaway. Altimeter Capital Management Investor Profile: Portfolio & Exits [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Performance Fast forward seven years, and Gerstner has pretty much achieved his goal. 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. About. 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. Finance Department. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. The stocks discussed may be volatile and illiquid. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. According to Dalbar, Inc., a company that studies investor behavior and analyzes investor market returns, consistently shows that the average investor earns below-average returns. 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. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. Altimeter Capital: From $3M to $1B in 5 years, Investing with Altimeter Capitals Brad Gerstner, Brad Gerstner Public & Private Investing, Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX, See you in your inbox every Monday and Thursday. $499/Year. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. 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. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. The fund was located in North America if to be more exact in United States. [2]: altimeter capital returns Back in 2013, Bloomberg ran a profile of Brad Gerstner's 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. 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. He founded a technology-focused investment firm called Altimeter Capital in 2008. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. Altimeter Capital Management LP grew its stake in GitLab by 174.6% during the 1st quarter. Quickly find out what the most recently closed or increased positions are. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. The fund has exact preference in some . The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. Written by . In a $400M fund we might have 10 investments.. Catherine Woods fund seeks out Disruptive Innovation.. Shrilekha Pethe for Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. ? San Francisco, CA 94105 Altimeter Capital has made 7 diversity investments. Altimeter | LinkedIn In this article, we reviewed Brad Gerstner's biography and investment track record. In managing the Hedge Fund, Altimeters objective is to maximize compounded annual long-term net returns for the Hedge Fund investors. Map . This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Hedge fund winners and losers emerge in brutal tech-driven sell-off - CNBC Altimeter Capital Management LLC. Brad Gerstner. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. The managers portfolio has a Sharpe ratio of 7.98. Answer:Easily the origins of the fund. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. 91. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. 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 total portfolio value may be much higher due to cash His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. 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. Answer:Yes way and quite a few of them. 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. These symbols will be available throughout the site during your session. AGC is a SPAC which is a blank-check company. Brad Gerstner - Wife, Bio, Portfolio & Altimeter - Biography Gerstner has proven himself to be a world-class stock picker. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. [11] Gerstner released a statement stating how investors were disappointed with the poor performance and decision making of the company in recent years. us for more details. privacy policy or contact Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. This website is not an offer to, or solicitation of, any potential clients or investors for any . OriginalWhaleScore You are limited to the prior 8 quarters of 13F filings. Tweets & replies. Login : Altimeter The article said Gerstner wanted to build a Venture Capital Empire. Plan. Copyright 2023 Altimeter Capital. Investors react to every move they make. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions. Altimeter Capital employs 13 employees. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. Contact Email info@altimeter.com. Download 13F Summary 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Besides for Peltz, Trians founding partners include Ed Garden and Peter May. [3], In 2013, Altimeter Capital closed its first venture capital fund at $75 million.
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