Brad Gerstner Altimeter Capital Management
Brad Gerstner is the founder and CEO of Altimeter Capital, a technology-focused investment firm active in both public and private markets. A former internet entrepreneur and airline executive, he brings an operator’s lens to high-growth software, internet, and semiconductor businesses. Gerstner is frequently cited for concentrated bets on large-cap technology platforms and for outspoken commentary on AI infrastructure and capital allocation in the sector.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herc Holdings
HRI
|
+$47.7M |
| 2 |
United Airlines
UAL
|
+$14.7M |
| 3 |
DWRE
DEMANDWARE INC COM STK (DE)
DWRE
|
+$11.7M |
| 4 |
Zillow
ZG
|
+$11M |
| 5 |
TripAdvisor
TRIP
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LKM
Link Motion Inc.
LKM
|
+$28.3M |
| 2 |
Groupon
GRPN
|
+$17.8M |
| 3 |
MKTO
MARKETO INC COM STK (DE)
MKTO
|
+$5.05M |
| 4 |
FNSR
Finisar Corp
FNSR
|
+$3.36M |
| 5 |
Workday
WDAY
|
+$3.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 48.4% |
| 2 | Consumer Discretionary | 38.65% |
| 3 | Communication Services | 9.3% |
| 4 | Technology | 1.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
CALL
Groupon
GRPN
$875M
| $1.02M | 0.09% |
800
| – | – |
|
|
OWW
27
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $874K | 0.08% |
111,000
| – | – |
|
|
LKM
28
CALL
DELISTED
Link Motion Inc.
LKM
| $3K | ﹤0.01% |
55
-1,945
| -97% | -$11.9K |
|
29
Neonode
NEON
$15.3M
| – | – |
-20,863
| Closed | -$653K |
|
|
30
Workday
WDAY
$49.1B
| – | – |
-34,000
| Closed | -$3.06M |
|
|
GIMO
31
DELISTED
Gigamon Inc.
GIMO
| – | – |
-135,000
| Closed | -$2.58M |
|
|
TNGO
32
DELISTED
Tangoe, Inc.
TNGO
| – | – |
-139,106
| Closed | -$2.1M |
|
|
MKTO
33
DELISTED
MARKETO INC COM STK (DE)
MKTO
| – | – |
-173,640
| Closed | -$5.05M |
|
|
ARUN
34
DELISTED
ARUBA NETWORKS, INC.
ARUN
| – | – |
-140,199
| Closed | -$2.46M |
|
|
FNSR
35
DELISTED
Finisar Corp
FNSR
| – | – |
-170,300
| Closed | -$3.36M |
|
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Brad Gerstner's Q3 2014 Portfolio in Review
As of Q3 2014, Brad Gerstner held 35 positions worth $1.08B, up 5% from $1.03B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Brad Gerstner deployed $46.7M of net new capital in Q3 2014, opening 2 new positions and adding to 6 existing holdings. Its largest new stake was Zillow: 244,083 shares worth $9.44M.
By sector, the portfolio is most concentrated in Industrials at 48% of assets, up from 47% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Link Motion Inc., an estimated $28.3M trimmed.
- Brad Gerstner's largest Q3 2014 buy was Zillow: 244,083 shares worth $9.44M.
- Brad Gerstner added most to Herc Holdings in Q3 2014, an estimated $47.7M increase.
- Brad Gerstner's biggest Q3 2014 reduction was Link Motion Inc., cutting an estimated $28.3M.
- Brad Gerstner fully exited MARKETO INC COM STK (DE) in Q3 2014, selling an estimated $5.05M.
- Brad Gerstner's ten largest holdings make up 83% of its $1.08B portfolio in Q3 2014.
- Brad Gerstner opened 2 new positions and closed 7 in Q3 2014.
- Brad Gerstner's portfolio value rose 5% quarter-over-quarter to $1.08B.
Based on Altimeter Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.