[13][14] A few weeks later, Meta laid off over 11,000 employees.[15]. 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. Mastercard (MA), Moodys (MCO), and American Tower (AMT) made up 12.5%, 12.3%, and 11.4% each of Akres portfolio. San Francisco, CA 94105 Bruce Berkowitz's: Fairholme Capital Management. 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. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). ALTIMETER CAPITAL MANAGEMENT, LP Top 13F Holdings - WhaleWisdom.com You can reach the main office by . Investor Type Hedge Fund, Venture Capital. 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. To the extent any of the information contained in the Blog may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Over the last three years, Meta has also dramatically increased its capital expenses. Boston, Massachusetts, 02110, Contact Email [email protected]. Capitalizing on the funds VC success, Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Altimeter has seen successes like Priceline (BKNG), Expedia (EXPD), Uber (UBER), Twilio (TWLO) and Hubspot (HUBS). Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . 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). A Division of NBCUniversal. 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. Toast, Inc. (NYSE:TOST) Given Average Recommendation of "Hold" by Steven Cohen's: Point72 Asset Management. 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. Suite 150 Among the most successful fund investment fields, there are Marketplace, Cloud Computing. [3] It was launched with less than $3 million from Gerstner's friends and family during the financial crisis of 2008. Altimeter said annual free cash flow can be doubled to $40 billion if it cut headcount by at least 20%, trimmed capital expenditure by at least $5 billion to $25 billion a year and capped annual . When completed, an email will be sent to the email address you specify The number of deals was slightly lower than the 52 announcements reported in the same period last year, but it remained well above the second-quarter volume seen in 2020, 2019 and 2018, according to 451 Research. Bay Area's first IPO of 2021 raises $400M for an Altimeter Capital SPAC. 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. Their most recent investment was on Feb 2, 2023, when Samooha raised $12.5M. Long-time Wayfair insider bought $13.6M of W on the open market. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. (Clickhereto subscribe to the Delivering Alpha newsletter.). Altimeter Capital 53 Portfolio companies, 81 Investments, Team TipRanks->. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. The bullishness on TikTok is obvious, but Meta not so much. Create Email Alert, ***Log In or Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and Hedge Funds fall under the category of alternative investments. The hedge fund managers portfolio has given an annualized return of 45.6% over a period of three years. Seeking profits from 13D & 13G filings? Passing Through Joined January 2009. Altimeter SPAC Has Reported $40 Billion Deal for Ride-Hail Company Grab 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 . Before starting Altimeter Capital, Gerstner worked as a portfolio manager at an investment capital firm PAR Capital. The IRR is equivalent to the Compound Plan. It sold the previously owned 1,155,613 shares for $138 million. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. "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.". In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. 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. At 12/31/2022: $3,652,571. There are currently 14 companies in Mrs. Daviss portfolio. Altimeter Capital Management LP. Brad Gerstners Altimeter Capital has an $8B profit on Snowflake. This website is not an offer to, or solicitation of, any potential clients or investors for any . Views here personal. # . Tweets & replies. It doesn't run an office outside of the United States. Altimeter Growth Corp's shares have gained 25% since listing. Reasons they site: 1. 2021 Workweek Media Inc. All rights reserved. Hedge Fund - Altimeter Capital Management - Insider Monkey All rights reserved. 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. Following Alpha: Altimeter Capital - Q4 2015 Review This website is provided as is without any representations or warranties, express or implied. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. This means they effectively own approximately 0.1% of the company. Altimeter Capital Management LP | AUM 13F However, it is a big problem for baseball when the game being delayed is actually a good thing for the fan experience! Trading in such securities can result in immediate and substantial losses of the capital invested. It was simply a good investment or bad investment with certain liquidity characteristics associated with it.. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Altimeter Capital Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. Ideal for intelligent investors with $50,000+ portfolios. Media. In addition to quarterly performance, we show annualized performance and the . Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and . Right? How do I update this listing? All rights reserved. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. [5], A month after the launch of Altimeter Capital, an office was opened in Menlo Park, California. A Look at the Best Performing Hedge Fund Managers In 2021 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. The Content Creator may hold licenses with FINRA, the SEC or states securities authorities. Hedge fund XN was one of 2020s largest new funds. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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 . public funds and serves as an expert long-term partner to companies as they enter the public markets. Investor Performance. 2023 CNBC LLC. Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Luck befalls the curious mind. Question:There are rumors swirling that you might have had to double check that Brads interviews were investment focused and not philosophy focused. To calculate this, Home : Altimeter 2550 Sand Hill Road, 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 hit anabsolute grand slamwhen they ledSnowflakes2016$76M Series C@onlya$260M post-money valuationand continued to invest in the cloud warehouse storage companys Series D, E, and F. After Snowflake 2xd on the initial IPO, Altimeter at one point saw their stake valued in $SNOW alone grow to over$8B. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. Ray Dalio's: Bridgewater Associates. Fintel . Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock valued at . Altimeter Capital Blogs, Comments and Archive News on Economictimes.com . As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. 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. Map . 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. Want to get these in your inbox to never miss an edition? Altimeter Capital Management LP Top Holdings 13F Filings 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. Silicon Valley Altimeter Capital Management Investor Profile: Portfolio & Exits Meanwhile, some value, macro and international oriented players are reaping sizable gains despite the market bloodbath. [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. 91. 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. Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. Altimeter takes a deep fundamental approach to security analysis. 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. 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. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. 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. privacy policy or contact Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. 71.4% of the portfolio companies After Snowflake windfall, Altimeter Capital captures dealmaking Our team will review your remarks prior to publishing. 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. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Currently, Altimeter Capital Management, L.P.'s portfolio is worth at least $4.33 billion. Besides for Peltz, Trians founding partners include Ed Garden and Peter May. In a $400M fund we might have 10 investments.. Brad Gerstner is a hedge fund manager for Altimeter Capital Management and ranked #3 on this list. Expedia Inc (EXPE), United Continental Holdings Inc (UAL): Will Altimeter Capital's Huge Travel Investments Continue to Fly? To put that in perspective, excluding your large . Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. 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. United Stockholders Altimeter Capital and PAR Capital Express