It was a blast. privacy policy or contact 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. 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. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. Altimeter Capital Management General Information. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. Shrilekha Pethe for "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. Altimeter SPAC goes public | PE Hub the MV of securities sold, whichever is less, Buying high. 3. 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. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. Altimeter SPAC goes public. There are currently 14 companies in Mrs. Daviss portfolio. 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. Question:Okay then. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. The firm focuses on technology investments in both public and private markets globally. Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds. To screen for upcoming or past SPAC . The Altimeter Capital Management, L.P. office and employees reside in Boston, Massachusetts. Altimeter.com is Altimeters only website. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Contact Email info@altimeter.com. The music was electric and fans were dancing on the big screen. Is a crash imminent? The fund has exact preference in some . Altimeter is known for its long-term focus, concentrated investment approach, and exceptional returns across both its public hedge fund and private growth equity funds. They manage A new $450M tech SPAC. Required fields not completed correctly. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. the total portfolio value. 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. The firm's highlight investments in the past two years include Airbyte, Discord . Easily, the highlight of the game for everyone was oddly the rain delay. Copyright 2023 Altimeter Capital. Manager Monday: Altimeter Capital Management - Novus Altimeter Capital Management, LP - Investor Performance The fund was located in North America if to be more exact in United States. The article said Gerstner wanted to build a Venture Capital Empire. HOME | Altimeterwealth Charlotte NC Best wealth management Return to search. 91. Phone Number (617) 310-6180. 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. Hedge Fund From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. Altimeter Capital has made 91 investments. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. or to simply have an email sent to you whenever we receive a new are based in the United States. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. regarding PitchBook Data's products. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. The fund focuses on investments in the United States as Altimeter Capital - Wikipedia Menlo Park, CA 94025 At 12/31/2022: $3,652,571. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. So, which sector is Kim most bullish about? For media inquiries, please contact press@altimeter.com. Brad specifically shared that At any given moment in time in the public markets, we might have 75% of our portfolio in our top 4 or 5 ideas. 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). The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Got a confidential news tip? Brad Gerstner founded the Boston-based fund in 2008, having previously worked at PAR Capital. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. How do I update this listing? Sign up for free newsletters and get more CNBC delivered to your inbox. 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. The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. . Silicon Valley This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. In a $400M fund we might have 10 investments.. 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. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. It is important here to also look at the Sharpe ratio, which stands at 8.96. Boston, Massachusetts, 02110, Finance Department. In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. Altimeter SPAC Has Reported $40 Billion Deal for Ride-Hail Company Grab Altimeter Capital 53 Portfolio companies, 81 Investments, Team [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Brad Gerstner. 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 is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. What jumps out to you the most about Altimeters journey? All rights reserved. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. The firm also considers investments in the consumer products and services, gaming, retail, and transportation sectors. Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. 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's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. altimeter capital returns to see more advanced email alert options such as selecting any type of Altimeter Capital Management Investor Profile: Portfolio & Exits [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. Tweets. 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. Altimeter Capital employs 13 employees. 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. Meta shareholder wants Facebook parent to cut jobs, spending . When completed, an email will be sent to the email address you specify Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. 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.