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 |
United Airlines
UAL
|
+$108M |
| 2 |
TripAdvisor
TRIP
|
+$85.3M |
| 3 |
Expedia Group
EXPE
|
+$38.1M |
| 4 |
QUNR
Qunar Cayman Islands Limited
QUNR
|
+$27.2M |
| 5 |
Zillow
ZG
|
+$14.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herc Holdings
HRI
|
+$65.2M |
| 2 |
Groupon
GRPN
|
+$24.9M |
| 3 |
Copa Holdings
CPA
|
+$23.5M |
| 4 |
CNQR
CONCUR TECHNOLOGIES INC
CNQR
|
+$17.2M |
| 5 |
Booking.com
BKNG
|
+$7.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 50.43% |
| 2 | Consumer Discretionary | 37.89% |
| 3 | Communication Services | 8.36% |
| 4 | Technology | 2.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
CALL
Groupon
GRPN
$875M
| $1.55M | 0.11% |
6
-794
| -99% | -$113K |
|
27
FIVE9
FIVN
$2.47B
| $1.3M | 0.09% |
+289,429
| New | +$1.35M |
|
28
Churchill Downs
CHDN
$6.33B
| $1.27M | 0.09% |
79,806
| – | – |
|
|
OWW
29
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $914K | 0.06% |
111,000
| – | – |
|
|
30
Copa Holdings
CPA
$6.14B
| – | – |
-218,654
| Closed | -$23.5M |
|
|
31
Groupon
GRPN
$875M
| – | – |
-175,637
| Closed | -$24.9M |
|
|
LKM
32
CALL
DELISTED
Link Motion Inc.
LKM
| – | – |
-55
| Closed | -$3K |
|
|
CNQR
33
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| – | – |
-135,640
| Closed | -$17.2M |
|
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Brad Gerstner's Q4 2014 Portfolio in Review
As of Q4 2014, Brad Gerstner held 33 positions worth $1.43B, up 32% from $1.08B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Brad Gerstner deployed $172M of net new capital in Q4 2014, opening 5 new positions and adding to 8 existing holdings. Its largest new stake was Qunar Cayman Islands Limited: 1,024,326 shares worth $29.1M.
By sector, the portfolio is most concentrated in Industrials at 50% of assets, up from 48% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Herc Holdings, an estimated $65.2M trimmed.
- Brad Gerstner's largest Q4 2014 buy was Qunar Cayman Islands Limited: 1,024,326 shares worth $29.1M.
- Brad Gerstner added most to United Airlines in Q4 2014, an estimated $108M increase.
- Brad Gerstner's biggest Q4 2014 reduction was Herc Holdings, cutting an estimated $65.2M.
- Brad Gerstner fully exited Groupon in Q4 2014, selling an estimated $24.9M.
- Brad Gerstner's ten largest holdings make up 82% of its $1.43B portfolio in Q4 2014.
- Brad Gerstner opened 5 new positions and closed 4 in Q4 2014.
- Brad Gerstner's portfolio value rose 32% quarter-over-quarter to $1.43B.
Based on Altimeter Capital Management's 13F filing for Q4 2014, filed 13 Feb 2015.