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 |
Snowflake
SNOW
|
+$6.07B |
| 2 |
Roblox
RBLX
|
+$194M |
| 3 |
Zoom
ZM
|
+$193M |
| 4 |
Coupang
CPNG
|
+$122M |
| 5 |
Peloton Interactive
PTON
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$1.37B |
| 2 |
Salesforce
CRM
|
+$337M |
| 3 |
Booking.com
BKNG
|
+$279M |
| 4 |
Expedia Group
EXPE
|
+$233M |
| 5 |
MongoDB
MDB
|
+$152M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 77.79% |
| 2 | Communication Services | 9.66% |
| 3 | Consumer Discretionary | 9.08% |
| 4 | Industrials | 3.37% |
| 5 | Healthcare | 0.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CCC
26
CCC Intelligent Solutions
CCC
$4.11B
| $35.5M | 0.25% |
3,500,000
| – | – |
|
|
XM
27
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
| $32.9M | 0.24% |
+1,000,000
| New | +$40.6M |
|
28
DigitalOcean
DOCN
$15.3B
| $27.4M | 0.2% |
+650,000
| New | +$26.9M |
|
|
29
Booking.com
BKNG
$159B
| $24.9M | 0.18% |
267,550
-3,142,500
| -92% | -$279M |
|
30
Oscar Health
OSCR
$10.1B
| $12.1M | 0.09% |
+450,000
| New | +$14.1M |
|
|
DGNR.WS
31
DELISTED
Dragoneer Growth Opportunities Corp. Redeemable warrants, each whole warrant exercisable for one Cla
DGNR.WS
| $1.11M | 0.01% |
700,000
| – | – |
|
|
AGCUU
32
DELISTED
Altimeter Growth Corp Unit
AGCUU
| $122K | ﹤0.01% |
10,000
| – | – |
|
33
DoorDash
DASH
$94B
| – | – |
-200,000
| Closed | -$28.6M |
|
34
Datadog
DDOG
$91.7B
| – | – |
-50,000
| Closed | -$4.92M |
|
35
Dynatrace
DT
$14.2B
| – | – |
-700,000
| Closed | -$30.3M |
|
|
36
MongoDB
MDB
$37B
| – | – |
-422,000
| Closed | -$152M |
|
37
Opendoor
OPEN
$3.53B
| – | – |
-4,133,333
| Closed | -$90.9M |
|
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Brad Gerstner's Q1 2021 Portfolio in Review
As of Q1 2021, Brad Gerstner held 37 positions worth $14B, up 29% from $10.8B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Brad Gerstner deployed $4.63B of net new capital in Q1 2021, opening 8 new positions and adding to 10 existing holdings. Its largest new stake was Roblox: 2,777,777 shares worth $180M.
By sector, the portfolio is most concentrated in Technology at 78% of assets, up from 59% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Pinduoduo, an estimated $1.37B trimmed.
- Brad Gerstner's largest Q1 2021 buy was Roblox: 2,777,777 shares worth $180M.
- Brad Gerstner added most to Snowflake in Q1 2021, an estimated $6.07B increase.
- Brad Gerstner's biggest Q1 2021 reduction was Pinduoduo, cutting an estimated $1.37B.
- Brad Gerstner fully exited MongoDB in Q1 2021, selling an estimated $152M.
- Brad Gerstner's ten largest holdings make up 88% of its $14B portfolio in Q1 2021.
- Brad Gerstner opened 8 new positions and closed 5 in Q1 2021.
- Brad Gerstner's portfolio value rose 29% quarter-over-quarter to $14B.
Based on Altimeter Capital Management's 13F filing for Q1 2021, filed 17 May 2021.