altimeter capital returns

When was the most recent most recent 13F form submitted by Altimeter Capital Management, LLC? Investors react to every move they make. 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. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . 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. 2023 CNBC LLC. Gerstner has proven himself to be a world-class stock picker. Investment Stage Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Venture. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Catherine Woods fund seeks out Disruptive Innovation.. Answer:Unbelievably well. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. Chuck manages $16.2 billion worth of assets and his portfolio has given average returns of 46.4% over a period of three years, on an annualized basis. The bullishness on TikTok is obvious, but Meta not so much. Whalewisdom has at least 48 13F filings, 3 13D filings, 36 13G filings, and 12 Form 4 filings. Subscribe to The Crossover today! Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. Got a confidential news tip? Over the last three years, Meta has also dramatically increased its capital expenses. Popular Searches. Copy and paste multiple symbols separated by spaces. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. [11] United Continental Holdings eventually gave in and changed its board of directors. That would make it the largest SPAC merger ever, more than [] 64% of the total holdings value. Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. This means they effectively own approximately 0.1% of the company. Disclaimer: This analysis is for educational and entertainment purposes solely and is not professional investment advice. [texts-excerpt] penalty for cutting mangroves in floridaFREE EstimateFREE Estimate 91. The portfolio has given average returns of 68.6% on an annualized basis over a three-year period. Altimeter Capital Management is based out of Boston. Fintel is a registered trademark. These positions were updated on August 15th based on the funds latest 13F filing. 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. Altimeter LLC. There are currently 14 companies in Mrs. Daviss portfolio. 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. A Division of NBCUniversal. Altimeter Capital Management's Performance. # . Altimeter Capital Management is based out of Boston. We make money even in declining markets.". 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. [13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. This website is provided as is without any representations or warranties, express or implied. You understand that the Content Creator is not advising, and will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. 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. Get this delivered to your inbox, and more info about our products and services. The managers portfolio has a Sharpe ratio of 7.98. 3. He is bullish on both, which to many could see as being contradicting. 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. This website is not an offer to, or solicitation of, any potential clients or investors for any . BOSTON, MA 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. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Number of Exits 22. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. [9], For public markets, Altimeter Capital manages a long / short public equity fund that invests in technology companies. 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. The IRR is equivalent to the Compound 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Ray Dalio's: Bridgewater Associates. Altimeter Capital Management LP lifted its position in Toast by 3,508.4% during the 1st quarter. 2. You must have a subscription to view WhaleScore histories. You can expect to hear more about Brad and some of his investments soon in The Crossover! Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Steven Cohen's: Point72 Asset Management. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. All rights reserved. So, which sector is Kim most bullish about? Altimeter Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, raised $450 million by offering 45 million units at $10. Our team will review your remarks prior to publishing. The firm focuses on technology investments in both public and private markets globally. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. The author of this piece and/or members of Workweek media could be invested in companies discussed. are based in the United States. OriginalWhaleScore This website is not an offer to, or solicitation of, any potential clients or investors for any investment management, advisory or any other related services. In a $400M fund we might have 10 investments.. 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. Altimeter manages a long / short public equity fund and private growth equity funds. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Gerstner's hedge fund held 2.6 million shares ofTableau Software Inc (DATA) at the end of December. The fund's success has been attributed to management's superior skills in identifying and investing in companies in the ever-growing tech sector. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. 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 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. In addition, the fund holds 1,763,135 shares of Microsoft worth $453 million, whose value fell 2.8% in the past six months. [13][14] He recommended reducing the headcount expense by 20% and limiting Metaverse investments to $5 billion per year. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Chase Coleman's: Tiger Global Management. Luck befalls the curious mind. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. (Clickhereto subscribe to the Delivering Alpha newsletter.). "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. 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. 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. 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. . Gaurav Kapadia is off to an impressive start. Tweets & replies. Tan Hooi Ling is a co-founder of Grab and the current COO. Data is a real-time snapshot *Data is delayed at least 15 minutes. He also served as a co-CEO of a travel company called National Leisure Group. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Best large hedge funds to clone?WhaleRock, SCGE and Dragoneer lead the pack. Altimeter Capital has made 7 diversity investments. Everyone always talks about the new FinTech companies on the scene, but. Map , Boston Founder - Altimeter Capital. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Normally $755/year for everything included. The fund was located in North America if to be more exact in United States. Link to 13F filings: SEC filings. 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. Among the most successful fund investment fields, there are Marketplace, Cloud Computing. Stocks with a size of more than $10 billion in market cap make up $4.33 billion and $4.33 billion respectively. Bill Ackman's: Pershing Square Capital Management. 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 . One International Place, Eutelsat continues to provide satellite services to nearly 50% of Russias population, while OneWeb uses SpaceX to launch their satellites since Russias invasion of Ukraine. On this Wikipedia the language links are at the top of the page across from the article title. Altimeter Capital Management's Holdings Altimeter has achieved satisfactory annualized returns over the past few years, though slightly underperforming the SP 500. altimeter capital returns. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. It was a blast. to see more advanced email alert options such as selecting any type of An additional office of the firm is in Menlo Park, CA. 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. SEC form, multiple filers or classes of filers, and much more.***. Shrilekha Pethe for 45 cybersecurity deal announcements totaling $12.94 billion in transaction value took place in the second quarter of 2022. 535 Mission Street, Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Chuck Akre is the managing member, CEO, and CIO of Akre Capital Management and ranked #4 on this list. Also, due to some housekeeping, the Toast 2.0 piece will be dropping on Monday. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. Mara Davis also disclosed a decreased stake in Snowflake by approximately 0.1%. The . Their last reported 13F filing for Q4 2022 included $3,652,571,000 in managed 13F securities When completed, an email will be sent to the email address you specify Growth to continue post-pandemic? Past performance is not an indication of future results. As of 12/31/2022, below is a summary of the Altimeter Capital Management . The information in the Blog constitutes the Content Creators own opinions. 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. 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. 2021 Workweek Media Inc. All rights reserved. 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.com is Altimeter's only website. Please 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. Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . I was intrigued by this idea of public market investors also doing private market investing. Thanks for the read! 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.. Long-time Wayfair insider bought $13.6M of W on the open market. Sign-up Download 13F Summary Altimeter Capital has made 91 investments. 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. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. Altimeter Capital Management General Information. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market . Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. This has significant impacts on both Brads personal life and Altimeters investing style. The fund focuses on investments in the United States as Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Altimeter was the lead investor for the software companys $79 million Series C funding round in June 2015, according to Crunchbase. Returns from the best ideas are usually diluted by a long tail of lower quality ideas. Tweets. Type a symbol or company name. Altimeter Capital Management, LP (Altimeter) is an SEC-registered investment adviser. That's a 226% and 249% outperformance over the S&P 500 and MSCI World, respectively. and a top 10 holdings concentration of 99.95%. His portfolio has gained 346% since June 2013 with a Sharpe ratio of 7.46. Create your Watchlist to save your favorite quotes on Nasdaq.com. Altimeter manages a variety of venture and There were 659 hedge funds in our system whose 13F portfolios consisted of at least five long positions in billion-dollar companies on June 30. The portfolio managed by Akre has gained 451.5% since June 2013, beating the S&P 500 index returns of 290.9% over the same period. [8][9] It was terminated early in December 2022 due to its inability to secure a suitable merger deal. Deals with Altimeter Capital participation, Morningstar Institutional Equity Research. 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. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. Want to get these in your inbox to never miss an edition? institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). In contrast, the S&P 500 stock index has gained 290.9%. When Snowflake went public last year, Altimeter Capital saw the kind of return that is the stuff of venture capital dreams. The Blog is provided for informational and entertainment purposes only (collectively, the Blog Service). 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. About us. , whose value fell 2.8% in the past six months, Confluent Inc worth $336 million, with 14,456,310 shares owned. The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Gerstner manages assets worth $12.2 billion and his portfolio has gained 668.7% since June 2013. If you look through our private investments you will also see much more significant concentration than you would in typical venture funds. In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. All Rights Reserved. Question:How did the investment playout? Passing Through Joined January 2009. The average market cap of the portfolio companies is close to $270 billion. 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 . Browns portfolio has given average returns of 35.5% on an annualized basis over a period of 3 years. 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). Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Map , San Francisco Investing in the investments discussed in the Blog may be risky and speculative. The stocks discussed may be volatile and illiquid. 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. Right? We want to hear from you. . [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. Question:Okay then. Type a symbol or company name. SARAL was launched on February 25, 2013, from SDSC-SHAR, Sriharikota onboard PSLV-C20. The hedge fund managers portfolio has given annualized average returns of 58.4% in the past three years, and Kim currently manages assets worth $569.8 million. 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. Contact Email info@altimeter.com. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. News Briefs. Copyright 2023 Altimeter Capital. It is the second SPAC from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. See you in your inbox every Monday and Thursday. 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. The firm seeks to invest in companies operating in the technology sector and manages long/short public equity funds and private growth equity funds. With SNOW currently trading at $242, that stake is now worth $8.8 billion. Altimeter Capital Management, LLC's most recent 13F form was submitted on Dec 31, 2022. This means they effectively own approximately 0.1% of the company. TipRanks uses data from Form 13-F to determine the hedge fund signals that is, hedge fund performance. San Francisco, CA 94105 You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Overreacting during times of uncertainty. Brad used the momentum and success from his big bet to grow Altimeter's AUM to over $1B by 2013. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. In addition to quarterly performance, we show annualized performance and the What in my eyes is crazy is the fact that Brad invested nearly half the fund intoPriceline, the online travel site. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? $499/Year. Per Altimeter's website: Altimeter Capital is a global investment . All rights reserved. Headquarters Location. regarding PitchBook Data's products. altimeter capital returns; altimeter capital returns. Is a crash imminent? 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. Build and grow your dividend income machine with actionable buy & sell recommendations, portfolio building guides, & more. Altimeter Capital Management, L.P. is an investment fund managing more than $4.33 billion ran by Mara Davis. The Nasdaq Composite slid more than 13% in April, dropping almost 30% from its all-time high. However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Later in 2013, Brad looked to continue to capitalize off his success and launched . Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. For media inquiries, please contact press@altimeter.com. Finance Department. containing a link to download the .zip file of the CSV file(s) you requested. Fast forward seven years, and Gerstner has pretty much achieved his goal. Win whats next. 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. Gerstner has maintained exceptional performance despite Altimeters 13F assets growing from $427M to $4.7 billion over the last eight years. Instead of doing a classic profile on the fund, I thought I would do something we will call Alans Angle, inspired by the greatTerry Plutos, Terrys Talkin a style where he writes as if he is interviewing himself! Suite 2310 On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. In the most recent 13F filing, Altimeter Capital Management, L.P. revealed that it had increased its stake in 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.