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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
+4.7%
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
$4.48B
AUM Growth
+$377M
Cap. Flow
+$229M
Cap. Flow %
5.11%
Top 10 Hldgs %
96.06%
Holding
31
New
1
Increased
10
Reduced
2
Closed
4

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$210M
2
EXPE icon
Expedia Group
EXPE
+$29.1M
3
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
+$24.4M
4
DT icon
Dynatrace
DT
+$5.49M
5
MDB icon
MongoDB
MDB
+$4.02M

Top Sells

Rank Stock Value
1
NTNX icon
Nutanix
NTNX
+$23.8M
2
AMZN icon
Amazon
AMZN
+$13.9M
3
ESTC icon
Elastic
ESTC
+$11.7M
4
PTON icon
Peloton Interactive
PTON
+$2.51M
5
RCL icon
Royal Caribbean
RCL
+$1.08M

Sector Composition

Rank Sector Weight
1 Technology 33.48%
2 Industrials 24.52%
3 Consumer Discretionary 24.14%
4 Communication Services 17.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UBER icon
26
CALL
Uber
UBER
$155B
$1.8M 0.04%
60,000
+45,000
+300% +$1.34M
UAL icon
27
CALL
United Airlines
UAL
$40.7B
$1.41M 0.03%
13,150
– –
AMZN icon
28
Amazon
AMZN
$2.83T
– –
-160,000
Closed -$13.9M
NTNX icon
29
Nutanix
NTNX
$18B
– –
-906,444
Closed -$23.8M
PTON icon
30
Peloton Interactive
PTON
$2.47B
– –
-100,000
Closed -$2.51M
RCL icon
31
Royal Caribbean
RCL
$81.6B
– –
-10,000
Closed -$1.08M
1
2

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Brad Gerstner's Q4 2019 Portfolio in Review

As of Q4 2019, Brad Gerstner held 31 positions worth $4.48B, up 9.2% from $4.1B the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Brad Gerstner deployed $229M of net new capital in Q4 2019, opening 1 new position and adding to 10 existing holdings.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 30% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was Elastic, an estimated $11.7M trimmed.

  • Brad Gerstner added most to Uber in Q4 2019, an estimated $210M increase.
  • Brad Gerstner's biggest Q4 2019 reduction was Elastic, cutting an estimated $11.7M.
  • Brad Gerstner fully exited Nutanix in Q4 2019, selling an estimated $23.8M.
  • Brad Gerstner's ten largest holdings make up 96% of its $4.48B portfolio in Q4 2019.
  • Brad Gerstner opened 1 new position and closed 4 in Q4 2019.
  • Brad Gerstner's portfolio value rose 9.2% quarter-over-quarter to $4.48B.

Based on Altimeter Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.