The letter was addressed to CEO Mark Zuckerberg, suggesting three definite steps to streamline Meta's operations and regain investor confidence. Venture firms netted handsome returns on paper for their early investments. 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. Below is the current Brad Gerstner portfolio of Altimeter Capital after his Q3 update. 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. 535 Mission Street, S&P 500WhaleScore Question:No way his VC fund has had any successes that could match the likes of the Priceline investment. ? Hedge fund XN was one of 2020s largest new funds. Answer:Easily the origins of the fund. Altimeters portfolio, managed by Gerstner, has a Sharpe ratio of 7.92. Create Email Alert, ***Log In or Plan. Kultura Capital Management is being structured as a hybrid fund that will focus on late-stage tech startups as well as public companies, the person said. # . The Boston-based firm held more than 36 million shares in the cloud data company for a stake worth around $8.3 billion at current prices. [12], In October 2022, Gerstner on behalf of Altimeter Capital wrote an open letter to Meta Platforms and its CEO, Mark Zuckerberg. The leading representative office of defined VC is situated in the Menlo Park. 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. 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 . https://www.linkedin.com/company/altimeter-capital, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Altimeter Capital is a venture fund started in 2008 located in Boston, Menlo Park. Altimeter Capital Management is an investment firm with offices in Menlo Park, CA, and Boston, MA. Watch for disclosures from these smart money hedge funds. Quickly find out what the most recently closed or increased positions are. Here are the 10 most popular hedge fund managers in WhaleWisdom. Then theres Snowflake (SNOW). 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. Its biggest holdings as of the end of 2021 included JD.com, Microsoft and Sea Ltd, which are all down double digits this year. In addition to quarterly performance, we show annualized performance and the . Altimeter SPAC goes public. 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. So, which sector is Kim most bullish about? We did not call it Crossover at the time, but it reminded me of the throwback partnerships that Buffett & Munger had. Right? Normally $755/year for everything included. This leaves the value of the investment at $2.36 billion and 17,001,796 shares. 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. 82.9K Followers. Unlike an ordinary SPAC . Toast had a negative return on equity of 24.09% and a negative net margin of 10.03%. Fast forward seven years, and Gerstner has pretty much achieved his goal. Altimeter Capital Management LP now owns 18,041,796 shares of the company's stock worth . Everyone always talks about the new FinTech companies on the scene, but. Altimeter Capital Management, LP investor performance is calculated on a quarterly basis. 71.4% of the portfolio companies 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. 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. These licenses may or may not be disclosed by the Content Creator in the Blog. On the other hand, there are companies that Altimeter Capital Management, L.P. is getting rid of from its portfolio. Altimeter Capital Management, LP ("Altimeter") is an SEC-registered investment adviser. Headquarters Location. 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 . Founded in 2008, Altimeter Capital Management is a venture capital firm is based in Boston, Massachusetts. Track the AUM, funds, and holdings for Altimeter Capital Management LP over time. 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. Bruce Berkowitz's: Fairholme Capital Management. 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Type a symbol or company name. Subscribe to The Crossover today! This website is not an offer to, or solicitation of, any potential clients or investors for any . 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. This is a breakdown of his trading and investing portfolio positions from his fund's 13F filings as . Map , San Francisco Required fields not completed correctly. 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%. Bill Ackman's: Pershing Square Capital Management. The author of this piece and/or members of Workweek media could be invested in companies discussed. Written by "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.". It was a blast. 2021 Workweek Media Inc. All rights reserved. Altimeter.com is . About. 2550 Sand Hill Road, 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). A Division of NBCUniversal. Answer:So Altimeter Capital is incredibly bullish onMeta (Facebook) even though the company is an early investor inBytedance(5 years ago), the parent company ofTikTok. 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. [2], In January 2016, Altimeter Capital pressured United Continental Holdings to change its board of directors. There are currently 14 companies in Mrs. Daviss portfolio. and a top 10 holdings concentration of 99.95%. Altimeter is a leading technology-focused investment firm built by founders for founders. [3][4] Prior to that, Gerstner worked at PAR Capital Management as well as General Catalyst. Altimeter Capital is a technology-focused investment firm based in Menlo Park, CA and Boston, MA. The portfolio returns have exceeded the average hedge fund portfolio return of 98.8%. Compare against similar firms. $6.9 M. On Monday, I went to Fenway to cheer on my Cleveland Guardians, and it was a great time. The firm's private equity arm makes all-stage venture capital investments, primarily in the technology sector. Boston, MA 02110 Investors react to every move they make. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Fintel is a registered trademark. Altimeter's four biggest holdings Snowflake, Meta, Microsoft and Uber are all down from 20% to as much as 60% year to date. All rights reserved. Seeking profits from 13D & 13G filings? Altimeter Capital Management General Partner, LLC - Insider Trading Tracker. 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. They are actively managed pools of investment funds that use various investment strategies to beat the average investment returns. 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. The technology sector, especially unprofitable firms and richly valued software names, have been hit the hardest as of late. The firm's highlight investments in the past two years include Airbyte, Discord . Currently, their heaviest sector is Technology making up 85.1% of 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. Today I am going to be breaking down one of the most interesting crossover funds in the game,Altimeter Capital. Their most recent diversity investment was on Oct 18, 2021, when Deel raised $425M. Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston . Altimeter manages a long / short public equity fund and private growth equity funds. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. [2]: Comcast (CMCSA) makes up 13.8% of Peltzs portfolio, followed by Sysco (SYY) and Invesco (IVZ) at 13.1% and 10.9%, respectively. 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 . Altimeter is a technology-focused investment firm based out of Menlo Park, California, and Boston, Massachusetts. Snowflake (SNOW) makes up more than half of Gerstners portfolio at 52%, followed by Meta Platforms (FB) and Uber Technologies (UBER) at 10.4% and 8.9%, respectively. Data is a real-time snapshot *Data is delayed at least 15 minutes. He founded a technology-focused investment firm called Altimeter Capital in 2008. 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. A new $450M tech SPAC. [6][7], In January 2021, a second SPAC, Altimeter Growth Corporation 2 was listed on New York Stock Exchange (Ticker: AGCB) raising $450 million. 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. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. All rights reserved. In contrast, the S&P 500 stock index has gained 290.9%.
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