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 |
Netflix
NFLX
|
+$11.9M |
| 2 |
Delta Air Lines
DAL
|
+$3.78M |
| 3 |
Everpure Inc
P
|
+$2.72M |
| 4 |
Nutanix
NTNX
|
+$2.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zillow
Z
|
+$39.7M |
| 2 |
DATA
Tableau Software, Inc.
DATA
|
+$18.1M |
| 3 |
Zillow
ZG
|
+$15.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 47.96% |
| 2 | Consumer Discretionary | 42.45% |
| 3 | Technology | 7.87% |
| 4 | Communication Services | 1.64% |
| 5 | Miscellaneous | 0.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
United Airlines
UAL
$31.8B
| $604M | 39.73% |
11,509,268
| – | – |
2013 Q2
13 quarters
|
|
2
Expedia Group
EXPE
$34.7B
| $525M | 34.54% |
4,498,111
| – | – |
2013 Q4
11 quarters
|
|
|
DATA
3
DELISTED
Tableau Software, Inc.
DATA
| $62M | 4.08% |
1,121,451
-329,547
| -23% | -$18.1M |
2015 Q3
4 quarters
|
|
4
Booking.com
BKNG
$117B
| $60.4M | 3.97% |
1,026,250
| – | – |
2013 Q2
13 quarters
|
|
5
Trip.com Group
TCOM
$25B
| $59.9M | 3.94% |
1,287,009
| – | – |
2013 Q2
13 quarters
|
|
6
Alaska Air
ALK
$3.84B
| $59.4M | 3.91% |
902,489
| – | – |
2013 Q2
13 quarters
|
|
|
7
Everpure Inc
P
$41.1B
| $55.1M | 3.63% |
4,067,691
+217,691
| +6% | +$2.72M |
2015 Q4
3 quarters
|
|
|
8
Delta Air Lines
DAL
$50.5B
| $34M | 2.24% |
863,455
+100,000
| +13% | +$3.78M |
2013 Q2
13 quarters
|
|
9
American Airlines Group
AAL
$8.02B
| $31.1M | 2.05% |
850,000
| – | – |
2013 Q4
11 quarters
|
|
|
10
Zillow
ZG
$7.66B
| $12.7M | 0.83% |
368,142
-433,674
| -54% | -$15.5M |
2014 Q3
8 quarters
|
|
|
11
Netflix
NFLX
$274B
| $12.3M | 0.81% |
+1,250,000
| New | +$11.9M |
2016 Q3
0 quarters
|
|
|
12
Nutanix
NTNX
$19.1B
| $2.59M | 0.17% |
+70,000
| New | +$2.59M |
2016 Q3
0 quarters
|
|
13
Allegiant Air
ALGT
$1.85B
| $680K | 0.04% |
5,150
| – | – |
2016 Q1
2 quarters
|
|
|
14
CALL
Expedia Group
EXPE
$34.7B
| $590K | 0.04% |
500
-500
| -50% | -$56.5K |
2016 Q2
1 quarter
|
|
|
15
CALL
United Airlines
UAL
$31.8B
| $420K | 0.03% |
4,377
+3,367
| +333% | +$162K |
2016 Q2
1 quarter
|
|
|
16
Zillow
Z
$7.42B
| – | – |
-1,095,224
| Closed | -$39.7M | – |
|
Similar funds
Brad Gerstner's Q3 2016 Portfolio in Review
As of Q3 2016, Brad Gerstner held 16 positions worth $1.52B, up 13% from $1.34B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Brad Gerstner withdrew a net $52.4M in Q3 2016, closing 1 position and reducing 3 holdings. Its most notable exit was Zillow, an estimated $39.7M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 48% of assets, up from 43% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Brad Gerstner opened a new position in Netflix worth $12.3M.
- Brad Gerstner's largest Q3 2016 buy was Netflix: 1,250,000 shares worth $12.3M.
- Brad Gerstner added most to Delta Air Lines in Q3 2016, an estimated $3.78M increase.
- Brad Gerstner's biggest Q3 2016 reduction was Tableau Software, Inc., cutting an estimated $18.1M.
- Brad Gerstner fully exited Zillow in Q3 2016, selling an estimated $39.7M.
- Brad Gerstner's ten largest holdings make up 99% of its $1.52B portfolio in Q3 2016.
- Brad Gerstner opened 2 new positions and closed 1 in Q3 2016.
- Brad Gerstner's portfolio value rose 13% quarter-over-quarter to $1.52B.
Based on Altimeter Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.