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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
+7.86%
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
$12.8B
AUM Growth
-$1.19B
Cap. Flow
-$2.01B
Cap. Flow %
-15.68%
Top 10 Hldgs %
86.58%
Holding
40
New
8
Increased
3
Reduced
9
Closed
7

Top Buys

Rank Stock Value
1
PTON icon
Peloton Interactive
PTON
+$463M
2
PATH icon
UiPath
PATH
+$220M
3
SHOP icon
Shopify
SHOP
+$123M
4
CFLT
Confluent
CFLT
+$83.4M
5
ZM icon
Zoom
ZM
+$69.9M

Top Sells

Rank Stock Value
1
SNOW icon
Snowflake
SNOW
+$1.7B
2
EXPE icon
Expedia Group
EXPE
+$368M
3
CRM icon
Salesforce
CRM
+$308M
4
UBER icon
Uber
UBER
+$204M
5
U icon
Unity
U
+$142M

Sector Composition

Rank Sector Weight
1 Technology 73.49%
2 Communication Services 12.73%
3 Consumer Discretionary 10.48%
4 Industrials 2.66%
5 Financials 0.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CCC
26
CCC Intelligent Solutions
CCC
$4.11B
$34.9M 0.27%
3,500,000
– –
ME
27
DELISTED
23andMe Holding Co
ME
$31.8M 0.25%
+136,012
New +$28.3M
BKNG icon
28
Booking.com
BKNG
$159B
$23.4M 0.18%
267,550
– –
MNDY icon
29
monday.com
MNDY
$3.7B
$22.4M 0.17%
+100,000
New +$21.8M
DV icon
30
DoubleVerify
DV
$2.04B
$12.7M 0.1%
+300,000
New +$10.7M
PAYO icon
31
Payoneer
PAYO
$2.42B
$10.4M 0.08%
+1,000,000
New +$10.5M
AGCUU
32
DELISTED
Altimeter Growth Corp Unit
AGCUU
$123K ﹤0.01%
10,000
– –
AAPL icon
33
Apple
AAPL
$4.46T
– –
-424,500
Closed -$51.9M
ABNB icon
34
Airbnb
ABNB
$110B
– –
-198,320
Closed -$37.3M
CRM icon
35
Salesforce
CRM
$161B
– –
-1,454,989
Closed -$308M
OSCR icon
36
Oscar Health
OSCR
$10.1B
– –
-450,000
Closed -$12.1M
XYZ
37
Block Inc
XYZ
$49.8B
– –
-200,000
Closed -$45.4M
COUP
38
DELISTED
Coupa Software Incorporated
COUP
– –
-150,000
Closed -$38.2M
DGNR.WS
39
DELISTED
Dragoneer Growth Opportunities Corp. Redeemable warrants, each whole warrant exercisable for one Cla
DGNR.WS
– –
-700,000
Closed -$1.11M
1
2

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Brad Gerstner's Q2 2021 Portfolio in Review

As of Q2 2021, Brad Gerstner held 40 positions worth $12.8B, down 8.5% from $14B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Brad Gerstner withdrew a net $2.01B in Q2 2021, closing 7 positions and reducing 9 holdings. Its most notable exit was Salesforce, an estimated $308M position sold in full.

By sector, the portfolio is most concentrated in Technology at 73% of assets, down from 78% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Brad Gerstner opened a new position in UiPath worth $204M.

  • Brad Gerstner's largest Q2 2021 buy was UiPath: 3,004,790 shares worth $204M.
  • Brad Gerstner added most to Peloton Interactive in Q2 2021, an estimated $463M increase.
  • Brad Gerstner's biggest Q2 2021 reduction was Snowflake, cutting an estimated $1.7B.
  • Brad Gerstner fully exited Salesforce in Q2 2021, selling an estimated $308M.
  • Brad Gerstner's ten largest holdings make up 87% of its $12.8B portfolio in Q2 2021.
  • Brad Gerstner opened 8 new positions and closed 7 in Q2 2021.
  • Brad Gerstner's portfolio value fell 8.5% quarter-over-quarter to $12.8B.

Based on Altimeter Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.