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Brad Gerstner Altimeter Capital Management

AUM $9.83B
1-Year Est. Return 24.98%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+9.3%
1 Year Est. Return
+24.98%
3 Year Est. Return
+186.54%
5 Year Est. Return
+145.07%
10 Year Est. Return
+1,056.52%
AUM
$2.02B
AUM Growth
+$116M
Cap. Flow
-$11.7M
Cap. Flow %
-0.58%
Top 10 Hldgs %
94.32%
Holding
34
New
8
Increased
11
Reduced
3
Closed
8

Top Buys

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$99.1M
2
UAL icon
United Airlines
UAL
+$38M
3
META icon
Meta Platforms (Facebook)
META
+$36M
4
MSFT icon
Microsoft
MSFT
+$23.8M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$12.2M

Top Sells

Rank Stock Value
1
EXPE icon
Expedia Group
EXPE
+$171M
2
NFLX icon
Netflix
NFLX
+$37.5M
3
AMZN icon
Amazon
AMZN
+$29.7M
4
XYZ
Block Inc
XYZ
+$22.3M
5
PYPL icon
PayPal
PYPL
+$14.7M

Sector Composition

Rank Sector Weight
1 Industrials 40.74%
2 Consumer Discretionary 31.73%
3 Technology 22.06%
4 Communication Services 5.08%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALK icon
26
Alaska Air
ALK
$5.13B
– –
-50,000
Closed -$3.68M
CRTO icon
27
Criteo S.A.
CRTO
$955M
– –
-50,000
Closed -$1.3M
CVNA icon
28
Carvana
CVNA
$83.1B
– –
-119,000
Closed -$455K
NFLX icon
29
Netflix
NFLX
$325B
– –
-1,956,000
Closed -$37.5M
PYPL icon
30
PayPal
PYPL
$52.7B
– –
-200,000
Closed -$14.7M
YELP icon
31
CALL
Yelp
YELP
$1.34B
– –
-2,000
Closed -$2.48M
XYZ
32
Block Inc
XYZ
$49.8B
– –
-644,345
Closed -$22.3M
SAVE
33
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-2,250
Closed -$1.64M
1
2

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Brad Gerstner's Q1 2018 Portfolio in Review

As of Q1 2018, Brad Gerstner held 34 positions worth $2.02B, up 6.1% from $1.9B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Brad Gerstner's Q1 2018 filing shows 8 new, 11 increased, 3 reduced and 8 closed positions. Its largest new stake was Meta Platforms (Facebook): 200,300 shares worth $32M. The largest sale was Expedia Group, an estimated $171M.

By sector, the portfolio is most concentrated in Industrials at 41% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Technology.

  • Brad Gerstner's largest Q1 2018 buy was Meta Platforms (Facebook): 200,300 shares worth $32M.
  • Brad Gerstner added most to Booking.com in Q1 2018, an estimated $99.1M increase.
  • Brad Gerstner's biggest Q1 2018 reduction was Expedia Group, cutting an estimated $171M.
  • Brad Gerstner fully exited Netflix in Q1 2018, selling an estimated $37.5M.
  • Brad Gerstner's ten largest holdings make up 94% of its $2.02B portfolio in Q1 2018.
  • Brad Gerstner opened 8 new positions and closed 8 in Q1 2018.
  • Brad Gerstner's portfolio value rose 6.1% quarter-over-quarter to $2.02B.

Based on Altimeter Capital Management's 13F filing for Q1 2018, filed 15 May 2018.