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
|
+$49.2M |
| 2 |
MongoDB
MDB
|
+$2.92M |
| 3 |
Okta
OKTA
|
+$2.1M |
| 4 |
Baidu
BIDU
|
+$1.91M |
| 5 |
Criteo S.A.
CRTO
|
+$1.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Expedia Group
EXPE
|
+$138M |
| 2 |
Block Inc
XYZ
|
+$24.2M |
| 3 |
DATA
Tableau Software, Inc.
DATA
|
+$22.1M |
| 4 |
Zillow
ZG
|
+$14.8M |
| 5 |
Twilio
TWLO
|
+$10.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 39.7% |
| 2 | Consumer Discretionary | 36.44% |
| 3 | Technology | 18.34% |
| 4 | Communication Services | 4.38% |
| 5 | Financials | 0.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
United Airlines
UAL
$38.7B
| $751M | 39.5% |
11,136,865
+789,100
| +8% | +$49.2M |
2013 Q2
18 quarters
|
|
|
2
Expedia Group
EXPE
$32.1B
| $411M | 21.63% |
3,432,362
-1,065,749
| -24% | -$138M |
2013 Q4
16 quarters
|
|
|
DATA
3
DELISTED
Tableau Software, Inc.
DATA
| $227M | 11.96% |
3,284,663
-300,000
| -8% | -$22.1M |
2015 Q3
9 quarters
|
|
4
Booking.com
BKNG
$122B
| $214M | 11.25% |
3,075,000
| – | – |
2013 Q2
18 quarters
|
|
5
Everpure Inc
P
$32.7B
| $66.6M | 3.51% |
4,200,000
-500,000
| -11% | -$8.33M |
2015 Q4
8 quarters
|
|
6
Amazon
AMZN
$2.95T
| $59.4M | 3.13% |
1,015,600
| – | – |
2016 Q4
4 quarters
|
|
7
Netflix
NFLX
$261B
| $37.5M | 1.98% |
1,956,000
| – | – |
2016 Q3
5 quarters
|
|
8
Yelp
YELP
$1.08B
| $34.3M | 1.8% |
817,138
-212,347
| -21% | -$9.45M |
2017 Q1
3 quarters
|
|
|
9
Block Inc
XYZ
$53B
| $22.3M | 1.18% |
644,345
-662,000
| -51% | -$24.2M |
2016 Q4
4 quarters
|
|
10
PayPal
PYPL
$49.7B
| $14.7M | 0.77% |
200,000
| – | – |
2016 Q4
4 quarters
|
|
11
Salesforce
CRM
$177B
| $10.7M | 0.56% |
105,000
-25,000
| -19% | -$2.55M |
2016 Q4
4 quarters
|
|
|
12
Twilio
TWLO
$31.6B
| $8.26M | 0.43% |
350,000
-377,800
| -52% | -$10.6M |
2016 Q4
4 quarters
|
|
13
Alibaba
BABA
$264B
| $6.66M | 0.35% |
38,650
+6,700
| +21% | +$1.2M |
2017 Q2
2 quarters
|
|
|
MULE
14
DELISTED
MuleSoft, Inc.
MULE
| $6.4M | 0.34% |
275,000
+22,868
| +9% | +$518K |
2017 Q3
1 quarter
|
|
15
Alphabet (Google) Class A
GOOGL
$3.62T
| $5.37M | 0.28% |
102,000
-48,000
| -32% | -$2.48M |
2017 Q1
3 quarters
|
|
|
16
Okta
OKTA
$29.9B
| $3.84M | 0.2% |
150,000
+75,000
| +100% | +$2.1M |
2017 Q2
2 quarters
|
|
17
Alaska Air
ALK
$4.58B
| $3.68M | 0.19% |
50,000
| – | – |
2013 Q2
18 quarters
|
|
18
PUT
Tesla
TSLA
$1.45T
| $3.03M | 0.16% |
+22,500
| New | +$489K |
2017 Q4
0 quarters
|
|
|
19
MongoDB
MDB
$25.5B
| $2.97M | 0.16% |
+100,000
| New | +$2.92M |
2017 Q4
0 quarters
|
|
20
trivago
TRVG
$242M
| $2.81M | 0.15% |
82,072
| – | – |
2017 Q3
1 quarter
|
|
|
21
CALL
Yelp
YELP
$1.08B
| $2.48M | 0.13% |
2,000
| – | – |
2017 Q2
2 quarters
|
|
|
22
Baidu
BIDU
$27.2B
| $1.83M | 0.1% |
+7,800
| New | +$1.91M |
2017 Q4
0 quarters
|
|
23
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.64M | 0.09% |
+2,250
| New | +$86.5K |
2017 Q4
0 quarters
|
|
|
24
Criteo S.A.
CRTO
$770M
| $1.3M | 0.07% |
+50,000
| New | +$1.79M |
2017 Q4
0 quarters
|
|
25
Norwegian Cruise Line
NCLH
$8.48B
| $1.06M | 0.06% |
+20,000
| New | +$1.11M |
2017 Q4
0 quarters
|
|
Similar funds
Brad Gerstner's Q4 2017 Portfolio in Review
As of Q4 2017, Brad Gerstner held 28 positions worth $1.9B, down 10% from $2.11B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Brad Gerstner withdrew a net $173M in Q4 2017, closing 2 positions and reducing 9 holdings. Its most notable exit was Zillow, an estimated $14.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 40% of assets, up from 30% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Brad Gerstner opened a new position in MongoDB worth $2.97M.
- Brad Gerstner's largest Q4 2017 buy was MongoDB: 100,000 shares worth $2.97M.
- Brad Gerstner added most to United Airlines in Q4 2017, an estimated $49.2M increase.
- Brad Gerstner's biggest Q4 2017 reduction was Expedia Group, cutting an estimated $138M.
- Brad Gerstner fully exited Zillow in Q4 2017, selling an estimated $14.8M.
- Brad Gerstner's ten largest holdings make up 97% of its $1.9B portfolio in Q4 2017.
- Brad Gerstner opened 6 new positions and closed 2 in Q4 2017.
- Brad Gerstner's portfolio value fell 10% quarter-over-quarter to $1.9B.
Based on Altimeter Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.