AGC is a SPAC which is a blank-check company. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Brad Gerstner. "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. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. "On . Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. 2021 Workweek Media Inc. All rights reserved. The author of this piece and/or members of Workweek media could be invested in companies discussed. altimeter capital returnsstriped bark scorpion altimeter capital returns. 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%. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Normally $755/year for everything included. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. If you require advice in relation to any financial matter you should consult an appropriate professional. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Form 4 The key to profiting from insider filings, Item 4 in 13D filings is the key to profiting from activists. 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. Question:How did the investment playout? Altimeter CapitalAltimeter CapitalAltimeter Capital Burrys Scion sold all Gamestop shares in Q4 before GME went stratospheric, 13F filing shows. 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. Sharpe ratio is a measure of risk-adjusted return that indicates the additional return obtained by the hedge fund investor for every level of risk taken. "As a hedge fund we expect to lose less than the indexes on the way down - this year we have lost more Markets moved fast- we moved too slow.". we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Subscribe to The Crossover today! It was a blast. ALTIMETER CAPITAL MANAGEMENT, LP Total Shares: 25,784,379 Subject Company: Snowflake, Inc. - View Complete Ownership History Backtest Filed as of Date: 06/21/2021: Event Date: 06/10/2021: Overall % Ownership: 8.72: Theoretical performance if you bought this security on the day the filing was released. Boston, Massachusetts, 02110, Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. 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. 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. 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). Altimeter Capital 's most notable exits include . The average market cap of the portfolio companies is close to $270 billion. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. 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 is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. email address below and choose 'Submit'. That would make it the largest SPAC merger ever, more than [] Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. 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. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. This website is not an offer to, or solicitation of, any potential clients or investors for any . We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Trading in such securities can result in immediate and substantial losses of the capital invested. . Question:Okay then. About. Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. Meta Platforms Inc makes up [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. Fast forward seven years, and Gerstner has pretty much achieved his goal. The article said Gerstner wanted to build a Venture Capital Empire. 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. Fintel is a registered trademark. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. Altimeter is a leading technology-focused investment firm built by founders for founders. 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. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. I was intrigued by this idea of public market investors also doing private market investing. Its first private fund was closed in 2013. Altimeter intends to invest Hedge Fund assets in sectors and companies in which Altimeter believes it has differentiated expertise and understanding. Answer:Yes way and quite a few of them. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. The fund focuses on investments in the United States as Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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. Tweets. These positions were updated on August 15th based on the funds latest 13F filing. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Answer:Overwhelmed, but not why you might think. Altimeter Capital Management LP. Get our editors daily picks straight in your inbox! to see more advanced email alert options such as selecting any type of Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. Chase Coleman's: Tiger Global Management. While the firms mostly won't be able to sell their shares until lockup periods expire . Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. This will schedule a job to export all requested 13f holdings data for this filer. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. The Sohn Investment Conference, one of the biggest hedge fund gatherings of the year, took place yesterday in New York, with Bill Ackman, David Einhorn, Keith Meister, and Larry Robbins among the hedge Brad Gerstner's Altimeter Capital disclosed a 5.1% stake inTableau Software Inc (NYSE:DATA). 535 Mission Street, They did not look at something as public or private investment. Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. Altimeter Growth Corp. 2, the second blank check company formed by Altimeter Capital targeting the tech sector, raised $400 million by offering 40 million shares at $10. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. All rights reserved. All Rights Reserved. Brad Gerstner Bio, Returns, AUM, Net Worth. Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. The companies may have limited operating histories, little available public information. [1]: 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. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. 706 Following. 91. 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. Cedar Rock is based out of London, United Kingdom. Annualized Growth Rate (CAGR). You are limited to the prior 8 quarters of 13F filings. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. 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. ? Altimeter takes a deep fundamental approach to security analysis. Altimeter Capital Management, LLC's average return in the last 3 years was 25.03%. 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. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. 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 . ? You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. The article said Gerstner wanted to build a Venture Capital Empire. Gaurav Kapadia is off to an impressive start. 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.