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. 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. Peltz currently has $8 billion worth of assets under management, that is, more assets than 99% of other hedge fund managers. To calculate this, None of the information contained in the Blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Sign up for free newsletters and get more CNBC delivered to your inbox. [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Sign-up The portfolio has a majority of its holdings, that is, 58.6%, in the Consumer Goods sector, with 24.7% of the portfolio invested in Procter & Gamble (PG) and 18.2% invested in Phillip Morris (PM). Answer:Gerstner spent a lot of time discussing the concept ofEssentialismwhich represents in many ways his philosophy on life & business. Personally, this means less time traveling and going to dinners but more time in nature and with his family. regarding PitchBook Data's products. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Written by I think launching the fund wasnt actually crazy, but ratherbrilliant. Buying high. In a $400M fund we might have 10 investments.. He also served as a co-CEO of a travel company called National Leisure Group. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. 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. Do Not Sell My Personal Information (CA Residents Only). 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 manages a long / short public equity fund and private growth equity funds. Subscribe to The Crossover today! When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. [2] The firm focuses on technology investments in both public and private markets globally. [1]: Please ? Altimeter Capital has made 91 investments. Revenue. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. decreased its share price by approximately 0.1%, Northwestern Mutual Investment Management Company, Stocks and cryptocurrency portfolio tracker. Brad Gerstner. Altimeter Capital. 2021 Workweek Media Inc. All rights reserved. ? Fintel is a registered trademark. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. The Boston-based firm held more than 36 million shares in the cloud data . 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 . 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? "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. Hedge fund XN was one of 2020s largest new funds. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Finance Department. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. In the midst of the pandemic and the following market upheaval, let us look at how hedge funds have performed. These symbols will be available throughout the site during your session. 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. It sold the previously owned 1,155,613 shares for $138 million. As revealed in a recent 13D filing with the US SEC, Brad Gerstner's Altimeter Capital Managemententered into a settlement agreement with theUnited Continental Holdings Inc. 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 . Quarter Holdings Value ($000) Form Type Date Filed Filing ID Name; Q4 2022: 11: 3,652,571: 13F-HR: 2/14/2023: 000154161723000003: Altimeter Capital Management, LP $499/Year. Altimeter Capital employs 13 employees. Let me know what you thought by replying back to this email. A new $450M tech SPAC. Altimeter takes a deep fundamental approach to security analysis. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the services sector. These licenses may or may not be disclosed by the Content Creator in the Blog. The stocks discussed may be volatile and illiquid. 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%. Per Altimeter's website: Altimeter Capital is a global investment . In addition to quarterly performance, we show annualized performance and the . Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%. Nelson Peltz, CEO and Co-Founder of Trian Fund Management, is ranked #2 on the TipRanks Best Hedge Fund Managers list. 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. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. 2550 Sand Hill Road, What jumps out to you the most about Altimeters journey? Get Contact Info for All Departments. Ray Dalio's: Bridgewater Associates. privacy policy or contact [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Altimeter. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. and a top 10 holdings concentration of 99.95%. Fast forward seven years, and Gerstner has pretty much achieved his goal. It doesn't run an office outside of the United States. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. One International Place Suite 2400. 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. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Performance numbers calculated through 2023-02-14. The information in the Blog constitutes the Content Creators own opinions. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. The article said Gerstner wanted to build a Venture Capital Empire. S&P 500WhaleScore Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. 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. When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? 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. Counting life in days and acts of kindness. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. Fintel . Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. us for more details. A Division of NBCUniversal. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. . 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. Right? Copy and paste multiple symbols separated by spaces. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. Alt Turnover is calculated by taking either the total MV of new purchases or 2. Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . Steven Cohen's: Point72 Asset Management. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Over the last three years, Meta has also dramatically increased its capital expenses. Peltzs portfolio is skewed towards the Consumer Goods sector, with a 43.2% investment in this sector. To put that in perspective, excluding your large . 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. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. ? The information in this website is for general reference purposes and is subject to change without notice or update. 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. to see more advanced email alert options such as selecting any type of This website is not an offer to, or solicitation of, any potential clients or investors for any . "On . Win whats next. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. Altimeter.com is Altimeter's only website. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. You can expect to hear more about Brad and some of his investments soon in The Crossover! Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. Hedge Fund and Insider Trading News: Altimeter Capital, Third Point LLC, Bridgewater Associates, Schonfeld Strategic Advisors, Brevan Howard Asset Management, Nordic Cross Asset Management, Lockheed Martin Corporation (LMT), DICE Therapeutics, Inc. (DICE), and More, Hedge Fund and Insider Trading News: Brad Gerstner, Dmitry Balyasny, Steve Cohen, Regal Funds Management, Fullerton Fund Management, FC Capital, Herbalife Nutrition Ltd (HLF), and More, Brad Gerstner is Talking About These 10 Stocks, Top Tech Stocks to Buy Today According to Brad Gerstner's Altimeter Capital Management, Hedge Fund and Insider Trading News: Citadel LLC, Argonaut Capital, Odey Asset Management, Altimeter Capital, Tiger Global Management, RingCentral Inc (RNG), Liveramp Holdings Inc (RAMP), and More, United Continental Holdings Inc (UAL), Centurylink Inc (CTL), More: 8 Huge Ideas We Saw At The Sohn Conference, Tableau Software Inc (DATA): Hedge Funder Brad Gerstner Is Betting Big, 140 Biggest and Most Famous Activist Hedge Funds. Our team will review your remarks prior to publishing. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. 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. What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. 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 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). Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday, April 13, 2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion in preparation for an initial public offering in the U.S . Easily, the highlight of the game for everyone was oddly the rain delay. Luck befalls the curious mind. 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. Brad Gerstner, Chair and CEO of Altimeter Capital Management LLC, penned an open letter to Meta Platforms (NASDAQ:META).Altimeter owns more than 2 million shares of Meta Platforms and has been a long-time investor. Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates. To calculate this, we calculate the cost basis of added positions in each quarter and use that to calculate the total profit and returns for each quarter. 71.4% of the portfolio companies Read full disclaimer >. All rights reserved. Popular Searches. Altimeter Capital has made 7 diversity investments. 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. 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. I was intrigued by this idea of public market investors also doing private market investing. The IRR is equivalent to the Compound Boston, MA 02110 The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. . It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in Professionally, this means focusing on fewer companies, industries, and management teams and rather making concentrated investments on just a handful of companies. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Got a confidential news tip? FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. If you require advice in relation to any financial matter you should consult an appropriate professional. older whippets for rehoming $6.9 M. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. Everyone always talks about the new FinTech companies on the scene, but. Altimeter SPAC goes public. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. Altimeter is a leading technology-focused investment firm built by founders for founders. . Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. Download 13F Summary 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. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Altimeter.com is . divided by the total MV of the fund. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . [11] United Continental Holdings eventually gave in and changed its board of directors. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Reasons they site: 1. 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. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Chase Coleman's: Tiger Global Management. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. 3. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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 LP. 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. Brad Gerstner's Tweets. The majority of the companies in the funds portfolio are large-cap stocks. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. This means they effectively own approximately 0.1% of the company. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). An additional office of the firm is in Menlo Park, CA. Conforti joined Altimeter, which is led by Brad Gerstner, in 2021 to invest in technology companies as they cross over from private to public markets. This website is provided as is without any representations or warranties, express or implied. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. So, without further ado, using TipRanks data, here are some of the top-ranked hedge fund managers from some of the Best Hedge Funds this year. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. Thats nearly 2.2x the annual return of the S&P 500 over that period. Altimeter Capital Chair and CEO Brad Gerstner said in an open letter to the company and CEO Mark Zuckerberg on Monday that Meta has too many employees and is moving too slowly to retain the confidence of investors. It sold the previously owned 1,155,613 shares for $138 million. altimeter capital returns; altimeter capital returns. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. 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. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. 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. Contact Email info@altimeter.com. $4.33 billion and $4.33 billion respectively. Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article. WhaleWisdom gives Altimeter Capital a WhaleScore of 99 meaning Gerstners fund ranks near the pinnacle of 13F performance among all hedge funds long portfolio performance. Altimeter Capital is in talks with ride . For media inquiries, please contact press@altimeter.com. On this Wikipedia the language links are at the top of the page across from the article title. 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. 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. Altimeter Capital Management LP now owns 961,206 shares of the company's stock worth $52,338,000 after . Investing in the investments discussed in the Blog may be risky and speculative. We make money even in declining markets.". Question:How are you feeling after listening to two podcasts (multiple times each), reading several articles, and sifting through 13Fs on Altimeter Capital? Suite 4610 Altimeter SPACs surge on reported $40 billion deal for Singapore ride-hailing company Grab. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. The Sure Dividend, Sure Retirement, & Sure Passive Income Newsletters. https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Care to explain? Thank you and soon you will hear from one of our Attorneys. Investor Performance. Map . Altimeter Capital has had 22 exits. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. We want to hear from you. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. Altimeter Capital Management is based out of Boston. Annualized Growth Rate (CAGR). When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. 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. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. This investment blog (the Blog) is created and authored by Mark W. Gaffney (the Content Creator). According to the last 13-F report filed with the SEC, Mara Davis serves as the Chief Compliance Officer at Altimeter Capital Management, L.P.. public funds and serves as an expert long-term partner to companies as they enter the public markets. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Usually, a Sharpe ratio of more than 1 is considered good, while a ratio that is below 1 should be judged based on the investment strategy used. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. 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. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. Altimeter.com is Altimeters only website. From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. Answer:Unbelievably well. Altimeter Capital Management is a technology focused investment firm based in Menlo Park, CA and Boston, MA. Fast forward seven years, and Gerstner has pretty much achieved his goal. Unlike an ordinary SPAC . The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. Andy Brown is the CEO and portfolio manager of Cedar Rock Capital, an independent investment firm founded in 2002 and ranked #5 on this list. All Rights Reserved. Meta investor Altimeter Capital called on the company to cut its staff and to limit its investments on expanding into the virtual reality metaverse world in an open letter published Monday. The author of this piece and/or members of Workweek media could be invested in companies discussed. Brad used the momentum and success from his big bet to grow Altimeters AUM to over $1B by 2013. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Stocks with a size of more than $10 billion in market cap make up Media. containing a link to download the .zip file of the CSV file(s) you requested. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. They manage Join the more than 1.5 million industry professionals who get our daily newsletter! [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Currently, their heaviest sector is Technology making up 85.1% of Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Past performance is not an indication of future results. You must have a subscription to view WhaleScore histories. As of 12/31/2022, below is a summary of the Altimeter Capital Management . TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. Altimeter Capital Management's Performance. Long-time Wayfair insider bought $13.6M of W on the open market. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Views here personal. In this article, we are going to discuss top tech stocks to buy today according to Brad Gerstners Altimeter Capital Management.