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ALTIMETER CAPITAL MANAGEMENT, LP

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BOSTON MA Investment Advisor Hedge Fund
13F Summary

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Equal-WT
WhaleScore 2.0 ?

85

S&P 500
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WhaleScore 1.0 ?

Altimeter Capital Management is based out of Boston. Altimeter Capital Management is a hedge fund with 21 clients and discretionary assets under management (AUM) of $10,713,711,121 (Form ADV from 2024-03-30). Their last reported 13F filing for Q2 2024 included $6,731,598,776 in managed 13F securities and a top 10 holdings concentration of 92.94%. Altimeter Capital Management's largest holding is Snowflake, Inc. with shares held of 9,550,746. Whalewisdom has at least 54 13F filings, 3 13D filings, 38 13G filings, and 12 Form 4 filings
Business Description
Altimeter Capital Management, LP ("Altimeter") is a Delaware limited partnership founded in October 2008 by Brad Gerstner. The firm is registered with the Securities and Exchange Commission ("SEC") as an investment adviser and is primarily located in Menlo Park, California and Boston, Massachusetts. Altimeter's advisory business is detailed in Item 4 of the document, which likely provides information about the firm's services, investment strategies, and client base. Further details about the firm's fees, compensation, performance-based fees, and side-by-side management are likely found in Items 5 and 6. The document also mentions that information about Altimeter's client types, analysis methods, investment strategies, and loss risk can be found in Item 8.
Investment Strategy
Altimeter's investment strategy for Public Funds focuses on maximizing long-term returns through a combination of bottom-up and top-down analysis. They seek out companies where they believe there's a significant gap between market value and intrinsic business value, focusing on sectors where they have specialized expertise. The Long Opportunities Fund employs a long-focused strategy, while the Hedge Fund utilizes a long/short approach. Altimeter aims to invest in generally liquid positions, with most investments being... All Fund investments involve inherent risks, and investors must be prepared to accept the possibility of substantial capital loss. The Funds are designed for sophisticated investors who can handle significant risk and for whom these investments are not their entire investment program. Altimeter manages loss risk through thorough research, ongoing evaluation, and hedging techniques, but there's no guarantee of profits or that losses won't occur. Examples of risk factors include changes in the overall market, issuer performance, industry trends, economic conditions, and political factors.
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2024-06-30

Top Buys (13F)

Name % Change
APH Amphenol Corp. (1987 2.03%
CRM Salesforce.com Inc. 1.39%
GOOGL Alphabet Inc. Class 1.16%
MELI MercadoLibre Inc 1.12%
AAPL Apple Inc 0.85%

2024-06-30

Top Sells (13F)

Name % Change
SNOW Snowflake, Inc. 6.36%
TSLA Tesla Inc 1.59%
AVGO Broadcom Ltd. (Avago 0.81%
CFLT Confluent Inc 0.44%
META Meta Platforms Inc 0.41%

2024-06-30

13F Holdings Summary

Name $ Change
SNOW Snowflake, Inc. 19.17%
META Meta Platforms Inc 17.17%
UBER Uber Technologies In 14.59%
NVDA NVIDIA Corp. 14.21%
MSFT Microsoft Corp. 10.79%

2024-06-30

13F Activity

Market Value $6.73b, Prior: $6.51b
Inflows (Outflows) as % of Total MV (-5.3084)%
New Purchases 6 stocks
Added To 5 stocks
Sold out of 3 stocks
Reduced holdings in 7 stocks
Top 10 Holdings % 92.94%
Turnover %[1] 39.13%
Turnover Alt %[2] 7.57%
Time Held Top 20 6.25 quarters
Time Held Top 10 10.7 quarters
Time Held All 6.35 quarters

[1]: 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.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-06-30

13F Sector Allocation Over Time

limited to past 4 quarters. Subscribe to see all available data

2024-06-30

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30

Portfolio Performance