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 |
DATA
Tableau Software, Inc.
DATA
|
+$49M |
| 2 |
Everpure Inc
P
|
+$10.7M |
| 3 |
Yelp
YELP
|
+$3.84M |
| 4 |
Alaska Air
ALK
|
+$3.12M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$1.51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$2M |
| 2 |
Twilio
TWLO
|
+$1.51M |
| 3 |
Block Inc
XYZ
|
+$782K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 42.03% |
| 2 | Industrials | 41.73% |
| 3 | Technology | 13.33% |
| 4 | Communication Services | 2.5% |
| 5 | Financials | 0.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
United Airlines
UAL
$39.1B
| $725M | 34.07% |
10,257,765
| – | – |
2013 Q2
15 quarters
|
|
2
Expedia Group
EXPE
$30.7B
| $568M | 26.68% |
4,498,111
| – | – |
2013 Q4
13 quarters
|
|
3
Booking.com
BKNG
$122B
| $219M | 10.29% |
3,075,000
| – | – |
2013 Q2
15 quarters
|
|
|
DATA
4
DELISTED
Tableau Software, Inc.
DATA
| $178M | 8.35% |
3,584,663
+990,279
| +38% | +$49M |
2015 Q3
6 quarters
|
|
|
5
Alaska Air
ALK
$4.7B
| $86.3M | 4.06% |
935,449
+32,960
| +4% | +$3.12M |
2013 Q2
15 quarters
|
|
6
Trip.com Group
TCOM
$27.7B
| $63.3M | 2.97% |
1,287,009
| – | – |
2013 Q2
15 quarters
|
|
|
7
Everpure Inc
P
$34.3B
| $49.9M | 2.35% |
5,076,800
+966,979
| +24% | +$10.7M |
2015 Q4
5 quarters
|
|
8
Amazon
AMZN
$2.89T
| $44.3M | 2.08% |
1,000,000
| – | – |
2016 Q4
1 quarter
|
|
9
Delta Air Lines
DAL
$60.4B
| $39.7M | 1.87% |
863,455
| – | – |
2013 Q2
15 quarters
|
|
10
American Airlines Group
AAL
$9.38B
| $36M | 1.69% |
850,000
| – | – |
2013 Q4
13 quarters
|
|
11
Netflix
NFLX
$263B
| $35.8M | 1.68% |
2,422,000
| – | – |
2016 Q3
2 quarters
|
|
|
12
Block Inc
XYZ
$53.5B
| $24.3M | 1.14% |
1,406,545
-50,000
| -3% | -$782K |
2016 Q4
1 quarter
|
|
|
13
Twilio
TWLO
$32B
| $21M | 0.99% |
727,800
-50,000
| -6% | -$1.51M |
2016 Q4
1 quarter
|
|
14
Zillow
ZG
$7.05B
| $12.4M | 0.59% |
368,142
| – | – |
2014 Q3
10 quarters
|
|
|
15
Salesforce
CRM
$177B
| $10.7M | 0.5% |
130,000
-25,000
| -16% | -$2M |
2016 Q4
1 quarter
|
|
16
PayPal
PYPL
$49.9B
| $8.6M | 0.4% |
200,000
| – | – |
2016 Q4
1 quarter
|
|
|
17
Yelp
YELP
$1.07B
| $3.39M | 0.16% |
+103,500
| New | +$3.84M |
2017 Q1
0 quarters
|
|
|
18
Alphabet (Google) Class A
GOOGL
$3.54T
| $1.53M | 0.07% |
+36,000
| New | +$1.51M |
2017 Q1
0 quarters
|
|
19
Allegiant Air
ALGT
$2.65B
| $1.02M | 0.05% |
6,350
| – | – |
2016 Q1
4 quarters
|
|
|
20
CALL
United Airlines
UAL
$39.1B
| $99K | ﹤0.01% |
+400
| New | +$28.9K |
2017 Q1
0 quarters
|
|
Similar funds
Brad Gerstner's Q1 2017 Portfolio in Review
As of Q1 2017, Brad Gerstner held 20 positions worth $2.13B, up 9.1% from $1.95B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Brad Gerstner deployed $63.9M of net new capital in Q1 2017, opening 3 new positions and adding to 3 existing holdings. Its largest new stake was Yelp: 103,500 shares worth $3.39M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, up from 40% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Salesforce, an estimated $2M trimmed.
- Brad Gerstner's largest Q1 2017 buy was Yelp: 103,500 shares worth $3.39M.
- Brad Gerstner added most to Tableau Software, Inc. in Q1 2017, an estimated $49M increase.
- Brad Gerstner's biggest Q1 2017 reduction was Salesforce, cutting an estimated $2M.
- Brad Gerstner's ten largest holdings make up 94% of its $2.13B portfolio in Q1 2017.
- Brad Gerstner opened 3 new positions and closed 0 in Q1 2017.
- Brad Gerstner's portfolio value rose 9.1% quarter-over-quarter to $2.13B.
Based on Altimeter Capital Management's 13F filing for Q1 2017, filed 15 May 2017.