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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
-9.24%
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
$2.74B
AUM Growth
+$178M
Cap. Flow
+$424M
Cap. Flow %
15.46%
Top 10 Hldgs %
94.06%
Holding
33
New
5
Increased
12
Reduced
1
Closed
7

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$395M
2
EXPE icon
Expedia Group
EXPE
+$51.6M
3
NVDA icon
NVIDIA
NVDA
+$30.6M
4
SPR
Spirit AeroSystems
SPR
+$18.3M
5
CRM icon
Salesforce
CRM
+$9.63M

Top Sells

Rank Stock Value
1
P
Everpure Inc
P
+$64.9M
2
BKNG icon
Booking.com
BKNG
+$36.7M
3
SAVE
Spirit Airlines, Inc.
SAVE
+$10.6M
4
PAGS icon
PagSeguro Digital
PAGS
+$3.55M
5
CPA icon
Copa Holdings
CPA
+$798K

Sector Composition

Rank Sector Weight
1 Industrials 36.13%
2 Consumer Discretionary 23.93%
3 Technology 21.04%
4 Communication Services 18.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CPA icon
26
Copa Holdings
CPA
$6.14B
– –
-10,000
Closed -$798K
PAGS icon
27
CALL
PagSeguro Digital
PAGS
$2.4B
– –
-1,000
Closed -$180K
PAGS icon
28
PagSeguro Digital
PAGS
$2.4B
– –
-128,146
Closed -$3.55M
P
29
Everpure Inc
P
$39.3B
– –
-2,500,000
Closed -$64.9M
TSLA icon
30
PUT
Tesla
TSLA
$1.35T
– –
-12,000
Closed -$6.84M
SAVE
31
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-225,000
Closed -$10.6M
1
2

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Brad Gerstner's Q4 2018 Portfolio in Review

As of Q4 2018, Brad Gerstner held 33 positions worth $2.74B, up 6.9% from $2.57B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Brad Gerstner deployed $424M of net new capital in Q4 2018, opening 5 new positions and adding to 12 existing holdings. Its largest new stake was NVIDIA: 6,400,000 shares worth $21.4M.

By sector, the portfolio is most concentrated in Industrials at 36% of assets, down from 41% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Booking.com, an estimated $36.7M trimmed.

  • Brad Gerstner's largest Q4 2018 buy was NVIDIA: 6,400,000 shares worth $21.4M.
  • Brad Gerstner added most to Meta Platforms (Facebook) in Q4 2018, an estimated $395M increase.
  • Brad Gerstner's biggest Q4 2018 reduction was Booking.com, cutting an estimated $36.7M.
  • Brad Gerstner fully exited Everpure Inc in Q4 2018, selling an estimated $64.9M.
  • Brad Gerstner's ten largest holdings make up 94% of its $2.74B portfolio in Q4 2018.
  • Brad Gerstner opened 5 new positions and closed 7 in Q4 2018.
  • Brad Gerstner's portfolio value rose 6.9% quarter-over-quarter to $2.74B.

Based on Altimeter Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.