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 |
United Airlines
UAL
|
+$78M |
| 2 |
Everpure Inc
P
|
+$33.9M |
| 3 |
DATA
Tableau Software, Inc.
DATA
|
+$25.3M |
| 4 |
QUNR
Qunar Cayman Islands Limited
QUNR
|
+$14.5M |
| 5 |
Expedia Group
EXPE
|
+$6.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Airlines Group
AAL
|
+$39.5M |
| 2 |
ZEN
ZENDESK INC
ZEN
|
+$16.4M |
| 3 |
Zillow
Z
|
+$5.23M |
| 4 |
Workday
WDAY
|
+$2.4M |
| 5 |
LONG
ELONG, INC. AMERICAN DEPOSITARY SHARES
LONG
|
+$656K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 43.22% |
| 2 | Consumer Discretionary | 37.83% |
| 3 | Technology | 11.03% |
| 4 | Communication Services | 7.5% |
| 5 | Miscellaneous | 0.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
United Airlines
UAL
$35.5B
| $610M | 33.42% |
10,650,000
+1,350,000
| +15% | +$78M |
2013 Q2
10 quarters
|
|
|
2
Expedia Group
EXPE
$30.6B
| $379M | 20.76% |
3,049,153
+47,446
| +2% | +$6.01M |
2013 Q4
8 quarters
|
|
3
Royal Caribbean
RCL
$86.5B
| $126M | 6.88% |
1,241,469
| – | – |
2013 Q2
10 quarters
|
|
4
Alaska Air
ALK
$4.34B
| $90.8M | 4.97% |
1,128,146
| – | – |
2013 Q2
10 quarters
|
|
5
Booking.com
BKNG
$119B
| $90.5M | 4.96% |
1,774,525
| – | – |
2013 Q2
10 quarters
|
|
|
DATA
6
DELISTED
Tableau Software, Inc.
DATA
| $83.5M | 4.57% |
886,408
+281,787
| +47% | +$25.3M |
2015 Q3
1 quarter
|
|
7
Trip.com Group
TCOM
$27.4B
| $82.1M | 4.5% |
1,772,516
| – | – |
2013 Q2
10 quarters
|
|
|
QUNR
8
DELISTED
Qunar Cayman Islands Limited
QUNR
| $80.3M | 4.4% |
1,570,945
+335,737
| +27% | +$14.5M |
2014 Q4
4 quarters
|
|
|
9
American Airlines Group
AAL
$8.73B
| $49.4M | 2.71% |
1,166,697
-912,470
| -44% | -$39.5M |
2013 Q4
8 quarters
|
|
10
Delta Air Lines
DAL
$56.7B
| $38.7M | 2.12% |
763,455
| – | – |
2013 Q2
10 quarters
|
|
|
11
Zillow
Z
$6.72B
| $35.7M | 1.96% |
1,520,715
-197,917
| -12% | -$5.23M |
2015 Q3
1 quarter
|
|
|
12
Everpure Inc
P
$36B
| $31.1M | 1.71% |
+2,000,000
| New | +$33.9M |
2015 Q4
0 quarters
|
|
|
DWRE
13
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $27M | 1.48% |
500,000
+100,000
| +25% | +$5.23M |
2013 Q2
10 quarters
|
|
|
14
Workday
WDAY
$47.3B
| $22.3M | 1.22% |
280,000
-30,000
| -10% | -$2.4M |
2014 Q4
4 quarters
|
|
15
Zillow
ZG
$6.79B
| $20.9M | 1.14% |
801,816
| – | – |
2014 Q3
5 quarters
|
|
16
HubSpot
HUBS
$10.6B
| $16.8M | 0.92% |
297,902
| – | – |
2014 Q4
4 quarters
|
|
17
Amazon
AMZN
$2.88T
| $13.5M | 0.74% |
400,000
| – | – |
2013 Q2
10 quarters
|
|
|
ZEN
18
DELISTED
ZENDESK INC
ZEN
| $13.2M | 0.72% |
500,000
-700,000
| -58% | -$16.4M |
2015 Q1
3 quarters
|
|
|
LONG
19
DELISTED
ELONG, INC. AMERICAN DEPOSITARY SHARES
LONG
| $7.58M | 0.42% |
443,085
-38,505
| -8% | -$656K |
2013 Q2
10 quarters
|
|
20
Box
BOX
$5.99B
| $7.45M | 0.41% |
533,500
+133,500
| +33% | +$1.75M |
2015 Q3
1 quarter
|
|
Similar funds
Brad Gerstner's Q4 2015 Portfolio in Review
As of Q4 2015, Brad Gerstner held 20 positions worth $1.83B, up 17% from $1.56B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Brad Gerstner deployed $100M of net new capital in Q4 2015, opening 1 new position and adding to 6 existing holdings. Its largest new stake was Everpure Inc: 2,000,000 shares worth $31.1M.
By sector, the portfolio is most concentrated in Industrials at 43% of assets, down from 45% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was American Airlines Group, an estimated $39.5M trimmed.
- Brad Gerstner's largest Q4 2015 buy was Everpure Inc: 2,000,000 shares worth $31.1M.
- Brad Gerstner added most to United Airlines in Q4 2015, an estimated $78M increase.
- Brad Gerstner's biggest Q4 2015 reduction was American Airlines Group, cutting an estimated $39.5M.
- Brad Gerstner's ten largest holdings make up 89% of its $1.83B portfolio in Q4 2015.
- Brad Gerstner opened 1 new position and closed 0 in Q4 2015.
- Brad Gerstner's portfolio value rose 17% quarter-over-quarter to $1.83B.
Based on Altimeter Capital Management's 13F filing for Q4 2015, filed 12 Feb 2016.