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 |
Meta Platforms (Facebook)
META
|
+$83.1M |
| 2 |
Pinduoduo
PDD
|
+$52.1M |
| 3 |
trivago
TRVG
|
+$14.2M |
| 4 |
Nutanix
NTNX
|
+$6.34M |
| 5 |
Dropbox
DBX
|
+$5.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Everpure Inc
P
|
+$42.2M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$13.9M |
| 3 |
Wayfair
W
|
+$7.13M |
| 4 |
Workday
WDAY
|
+$6.06M |
| 5 |
United Airlines
UAL
|
+$4.75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 40.88% |
| 2 | Consumer Discretionary | 28.84% |
| 3 | Technology | 22.34% |
| 4 | Communication Services | 7.25% |
| 5 | Miscellaneous | 0.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
United Airlines
UAL
$35.5B
| $1.04B | 40.37% |
11,629,283
-57,582
| -0.5% | -$4.75M |
2013 Q2
21 quarters
|
|
|
DATA
2
DELISTED
Tableau Software, Inc.
DATA
| $389M | 15.18% |
3,484,663
| – | – |
2015 Q3
12 quarters
|
|
3
Booking.com
BKNG
$119B
| $344M | 13.41% |
4,335,050
| – | – |
2013 Q2
21 quarters
|
|
4
Expedia Group
EXPE
$30.6B
| $256M | 9.99% |
1,964,042
| – | – |
2013 Q4
19 quarters
|
|
|
5
Meta Platforms (Facebook)
META
$1.64T
| $105M | 4.1% |
640,100
+459,300
| +254% | +$83.1M |
2018 Q1
2 quarters
|
|
|
6
Everpure Inc
P
$36B
| $64.9M | 2.53% |
2,500,000
-1,700,000
| -40% | -$42.2M |
2015 Q4
11 quarters
|
|
7
Amazon
AMZN
$2.88T
| $64.1M | 2.5% |
640,000
| – | – |
2016 Q4
7 quarters
|
|
|
8
Pinduoduo
PDD
$112B
| $63.5M | 2.48% |
+2,415,359
| New | +$52.1M |
2018 Q3
0 quarters
|
|
9
Yelp
YELP
$1.11B
| $48.4M | 1.89% |
984,300
| – | – |
2017 Q1
6 quarters
|
|
10
Microsoft
MSFT
$3.89T
| $34.3M | 1.34% |
300,200
+25,200
| +9% | +$2.73M |
2018 Q1
2 quarters
|
|
11
Salesforce
CRM
$179B
| $31M | 1.21% |
195,000
+21,560
| +12% | +$3.2M |
2016 Q4
7 quarters
|
|
|
12
trivago
TRVG
$294M
| $25.6M | 1% |
831,511
+605,740
| +268% | +$14.2M |
2017 Q3
4 quarters
|
|
13
MongoDB
MDB
$26.9B
| $20.3M | 0.79% |
249,484
| – | – |
2017 Q4
3 quarters
|
|
14
Okta
OKTA
$32B
| $14.1M | 0.55% |
200,000
| – | – |
2017 Q2
5 quarters
|
|
15
Alibaba
BABA
$235B
| $11.9M | 0.46% |
72,350
+24,500
| +51% | +$4.34M |
2017 Q2
5 quarters
|
|
16
DELISTED
Spirit Airlines, Inc.
SAVE
| $10.6M | 0.41% |
225,000
| – | – |
2018 Q1
2 quarters
|
|
|
17
Dropbox
DBX
$7.22B
| $10.4M | 0.4% |
386,751
+186,751
| +93% | +$5.39M |
2018 Q1
2 quarters
|
|
18
PUT
Tesla
TSLA
$1.54T
| $6.84M | 0.27% |
12,000
+4,500
| +60% | +$93.7K |
2017 Q4
3 quarters
|
|
|
19
Alphabet (Google) Class A
GOOGL
$3.64T
| $6.64M | 0.26% |
110,000
-230,000
| -68% | -$13.9M |
2017 Q1
6 quarters
|
|
|
20
Nutanix
NTNX
$16.5B
| $5.13M | 0.2% |
+120,000
| New | +$6.34M |
2018 Q3
0 quarters
|
|
21
PagSeguro Digital
PAGS
$2.2B
| $3.55M | 0.14% |
128,146
-133,854
| -51% | -$3.64M |
2018 Q2
1 quarter
|
|
|
22
CALL
Expedia Group
EXPE
$30.6B
| $2.25M | 0.09% |
+2,010
| New | +$261K |
2018 Q3
0 quarters
|
|
23
Republic Airways Holdings
RJET
$942M
| $1.66M | 0.06% |
+8,000
| New | +$1.63M |
2018 Q3
0 quarters
|
|
24
Copa Holdings
CPA
$5.75B
| $798K | 0.03% |
10,000
| – | – |
2018 Q2
1 quarter
|
|
|
25
CALL
PagSeguro Digital
PAGS
$2.2B
| $180K | 0.01% |
1,000
| – | – |
2018 Q2
1 quarter
|
|
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Brad Gerstner's Q3 2018 Portfolio in Review
As of Q3 2018, Brad Gerstner held 34 positions worth $2.57B, up 21% from $2.13B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Brad Gerstner deployed $88.3M of net new capital in Q3 2018, opening 6 new positions and adding to 7 existing holdings. Its largest new stake was Pinduoduo: 2,415,359 shares worth $63.5M.
By sector, the portfolio is most concentrated in Industrials at 41% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Everpure Inc, an estimated $42.2M trimmed.
- Brad Gerstner's largest Q3 2018 buy was Pinduoduo: 2,415,359 shares worth $63.5M.
- Brad Gerstner added most to Meta Platforms (Facebook) in Q3 2018, an estimated $83.1M increase.
- Brad Gerstner's biggest Q3 2018 reduction was Everpure Inc, cutting an estimated $42.2M.
- Brad Gerstner fully exited Wayfair in Q3 2018, selling an estimated $7.13M.
- Brad Gerstner's ten largest holdings make up 94% of its $2.57B portfolio in Q3 2018.
- Brad Gerstner opened 6 new positions and closed 7 in Q3 2018.
- Brad Gerstner's portfolio value rose 21% quarter-over-quarter to $2.57B.
Based on Altimeter Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.