Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. "When we turn our companies around, there's often an important improvement in the margins and profitability of the companies. Bridgewater Associates, one of the worlds biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Question:Was there one take that you felt that Brad made that was particularly interesting? FILE - In this May 24, 2017, file photo, applicants fill in forms to join Grab Vietnam at the company's office in Hanoi, Vietnam. As of November 30, Akre managed a combined $19.3 billion in private funds, the Akre Focus mutual fund, and separately managed account assets. Get Contact Info for All Departments. Finance Department. for ALTIMETER CAPITAL MANAGEMENT, LP, Top 20 equal-weighted holdings. Past performance is not an indication of future results. See you in your inbox every Monday and Thursday. 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. The majority of the companies in the funds portfolio are large-cap stocks. On the flip side, technology-heavy hedge funds were among the biggest losers last month with a near 5% loss overall, HFR data said. Meta Platforms Inc and bought 108,776 additional shares worth around $21 million. regarding PitchBook Data's products. are based in the United States. The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. ALTIMETER CAPITAL MANAGEMENT, LP SC 13G/A Filing Concerning SNOW on Fintel is a registered trademark. The fund has exact preference in some . Time to Get Fit an Open Letter from Altimeter to Mark Zuckerberg (and Later in 2013, Brad looked to continue to capitalize off his success and launched his first$75M private fundfocused on internet and software companies. 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. I think launching the fund wasnt actually crazy, but ratherbrilliant. Sign-up Altimeter CapitalAltimeter CapitalAltimeter Capital With SNOW currently trading at $242, that stake is now worth $8.8 billion. In this article, we reviewed Brad Gerstner's biography and investment track record. 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. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 15,369,459. Altimeter Capital's Brad Gerstner Issues Open Letter to Meta (META) and altimeter capital returns; altimeter capital returns. ? Its Engaged fund is up 4% in April, advancing over 15% in 2022, according to a person familiar with the returns. I was intrigued by this idea of public market investors also doing private market investing. Meta shareholder tells company to cut staff, 'get fit and focused' 2015-2023 Fintel Ventures LLC. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. https://www.linkedin.com/company/altimeter-capital Altimeter Capital - Free Partner Email & Investor Profile Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Altimeter.com is Altimeter's only website. 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. institution's (Altimeter Capital Management, LP) Internal Rate of Return (IRR). [2], In September 2020, Altimeter Growth Corp was listed on the Nasdaq (Ticker: AGC) raising $450 million. Neither Altimeter, nor any of its affiliates or personnel, offers investment advisory services via the internet. Hedge fund XN was one of 2020s largest new funds. But while Gerstner has built a VC juggernaut, Altimeter Capitals public investments have been none-to-shabby. Brad Gerstner's Altimeter Capital Management has between $300 million and $400 million in assets under management, and invests almost exclusively in the . Altimeter Capital_ - Thanks for the read! The article said Gerstner wanted to build a Venture Capital Empire. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. In a $400M fund we might have 10 investments.. Question:If you think you will be on a word crunch, why are you using words to explain how you are feeling instead of just jumping right in? [10], For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Barry Norris, chief executive of Argonaut Capital, has been unabashedly vocal about his pessimism about a potential Covid-19 vaccine. 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. 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. While investors party like its 1999, Insiders are selling stock like theres no tomorrow. Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. Altimeter Capital Management has met the qualifications for inclusion in our WhaleScore system. While the firms mostly won't be able to sell their shares until lockup periods expire . (Clickhereto subscribe to the Delivering Alpha newsletter.). Altimeter Capital has had 22 exits. 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. 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. 13F filing from ALTIMETER CAPITAL MANAGEMENT, LP, enter your 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. AGC is a SPAC which is a blank-check company. San Francisco, CA 94105 Louis Bacon's: Moore Capital Management. 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. Everyone thought he was crazy.. Altimeter Capital Company Profile | Management and Employees List Altimeter Capital Management, LP - Investor Performance Altimeter Capital Management's 14 Stock Portfolio: Top 10 Holdings Communications from Altimeter will come from the altimeter.com domain and/or through Altimeters Investor Portal. The companies may have limited operating histories, little available public information. Performance numbers calculated through 2023-02-14. Personally, this means less time traveling and going to dinners but more time in nature and with his family. Even excluding its large metaverse investment, Meta has gone from $15B in annual capex in 2018, 2019, and 2020 . The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Altimeter Capital has made 7 diversity investments. Altimeter Capital Management, L.P.s portfolio is diversified across 4 sectors. Relative to the number of outstanding shares of Snowflake, Altimeter Capital Management, L.P. owns less than approximately 0.1% of the company. Altimeter Capital Fund Manager Profile | Preqin This means they effectively own approximately 0.1% of the company. 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. Altimeter Capital Management, LP 13F Filings In 2008, Brad Gerstner founded Altimeter Capital in Boston, Massachusetts. 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. Grab to list in US via $40 bln merger with Altimeter Growth That would make it the largest SPAC merger ever, more than [] 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, L.P. 13F annual report How do I update this listing? 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. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. Copyright 2023 Altimeter Capital. Altimeter Capital is the famous VC, which was founded in 2008. You should only invest risk capital not required for other purposes, such as retirement savings, student loans, mortgages or education. In addition to quarterly performance, we show annualized performance and the . After all, activist hedge funds get most of their earnings from investing in companies and pushing them to provide more shareholder value. Altimeter Capital Management, L.P. closed its position in Sea Ltd on 15th August 2022. 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). Current Brad Gerstner Portfolio: Altimeter Capital - New Trader U 2021 Workweek Media Inc. All rights reserved. Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. 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. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. 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. Our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. 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