We focus only on the top 10 holdings. Revenue. Altimeter Capital's second 'blank check' IPO raises $400 million Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. [13][14] In the letter, Gerstner criticized the company stating it had too many employees and was moving too slowly to retain investor confidence. Meta Shareholder Writes Critical Open Letter, Saying the Company Needs Brad Gerstner raised (just) a$3M hedge fundin2008during the depths of the Great Financial Crisis from family & friends. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. While shareholders will split the newly merged company, Eutelsat CEO Eva Berneke will run the company, and Eutelsats chairman, Dominique DHinnin, is set to be chairman of the company, with his OneWeb counterpart, Sunil Bharti Mittal, set to be co-chair and vice president. Meta (META): Activist Investor Calling for Layoffs and Capex Cuts HOME | Altimeterwealth Charlotte NC Best wealth management On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Trading in such securities can result in immediate and substantial losses of the capital invested. returns for each quarter. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The Content Creator or affiliates may trade for their own account(s) based on the information presented, and may also take positions inconsistent with the views expressed in its messages on the Blog. Watch for disclosures from these smart money hedge funds. Each investment position stands on its own based on Altimeters assessment of whether a significant discrepancy exists between a companys current market value and intrinsic business value. You must have a subscription to view WhaleScore histories. [2]: See you in your inbox every Monday and Thursday. public funds and serves as an expert long-term partner to companies as they enter the public markets. A new $450M tech SPAC. Altimeter Capital Management LLC. Hedge Fund 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. Tweets & replies. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Following Alpha: Altimeter Capital - Q4 2015 Review 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 Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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. [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Performance numbers calculated through 2023-02-14. 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. The largest investments include Snowflake and Microsoft, together worth $2.82 billion. When completed, an email will be sent to the email address you specify Altimeter was founded in 2008 and is headquartered out of Boston, Massachusetts. Altimeter Growth Corp, a blank check company formed by Altimeter Capital Management LP, has raised $450 million for its IPO after pricing . 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 Management LP now owns 18,041,796 shares of the company's stock worth . Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. All Rights Reserved. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in The principal office where Altimeter Capital Management, LP performs its advisory services is located at One International Place, Boston, MA 02110, which is also the mailing address of the firm. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Meta Platforms Inc makes up Please of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. Data is a real-time snapshot *Data is delayed at least 15 minutes. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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). Easily, the highlight of the game for everyone was oddly the rain delay. All text and design is copyright 2020 WhaleWisdom.com. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. Answer:Overwhelmed, but not why you might think. The bullishness on TikTok is obvious, but Meta not so much. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. Care to explain? 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. Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Peltzs portfolio has gained 444.1% since June 2013 versus the S&P 500 index gaining 290.9% over the same period. "If you owned growth stocks this year - like we did at Altimeter - you got your face ripped off," Altimeter Capital's CEO Gerstner said in a Twitter post Thursday. 2023 CNBC LLC. Toast, Inc. (NYSE:TOST) Given Average Recommendation of "Hold" by Bruce Berkowitz's: Fairholme Capital Management. A Look at the Best Performing Hedge Fund Managers In 2021 Gaurav Kapadia is off to an impressive start. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Form 13-F is submitted to the Securities Exchange Commission (SEC) by hedge funds that manage more than $100 million in assets. Suite 4610 All rights reserved. Buying high. 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. 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. Altimeter Capital has made 7 diversity investments. Menlo Park, CA 94025 Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. News Briefs. Altimeter Capital - Crunchbase Investor Profile & Investments They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . ALTIMETER CAPITAL MANAGEMENT, LP SC 13G/A Filing Concerning SNOW on Growth to continue post-pandemic? Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say, David Einhorn on his winning short 'bubble basket' strategy that he's continuing, Stock pickers continue to shine after a better year and here are their favorite names in 2023. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. $6.9 M. Long-time Wayfair insider bought $13.6M of W on the open market. ? Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. A Division of NBCUniversal. Altimeter Capital now has $5.92 billion under management in 27 different holdings with 97.62% allocated to the top 20 holdings in its hedge fund portfolio. Altimeter Capital Management's Holdings Altimeter has achieved spectacular annualized returns over the past few years, significantly outperforming the S&P 500. ALTIMETER GROWTH CO-INVEST FUND III, L.P. ALTIMETER SPECIAL SITUATIONS PORTFOLIO (2020-I), CHIEF COMPLIANCE OFFICER , GENERAL COUNSEL. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. With SNOW currently trading at $242, that stake is now worth $8.8 billion. Altimeter Capital Management, L.P. 13F annual report "On . FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. Get our editors daily picks straight in your inbox! When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? In 2008, Brad Gerstner founded Altimeter capital, which has $18 billion in assets under management as of April 2022. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. Attached below are some of the articles and podcasts I used to help put this piece together! 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. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after .