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Brad Gerstner Altimeter Capital Management

AUM $9.83B
1-Year Est. Return 24.98%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-9.24%
1 Year Est. Return
+24.98%
3 Year Est. Return
+186.54%
5 Year Est. Return
+145.07%
10 Year Est. Return
+1,056.52%
AUM
$2.74B
AUM Growth
+$178M
Cap. Flow
+$424M
Cap. Flow %
15.46%
Top 10 Hldgs %
94.06%
Holding
33
New
5
Increased
12
Reduced
1
Closed
7

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$395M
2
EXPE icon
Expedia Group
EXPE
+$51.6M
3
NVDA icon
NVIDIA
NVDA
+$30.6M
4
SPR
Spirit AeroSystems
SPR
+$18.3M
5
CRM icon
Salesforce
CRM
+$9.63M

Top Sells

Rank Stock Value
1
P
Everpure Inc
P
+$64.9M
2
BKNG icon
Booking.com
BKNG
+$36.7M
3
SAVE
Spirit Airlines, Inc.
SAVE
+$10.6M
4
PAGS icon
PagSeguro Digital
PAGS
+$3.55M
5
CPA icon
Copa Holdings
CPA
+$798K

Sector Composition

Rank Sector Weight
1 Industrials 36.13%
2 Consumer Discretionary 23.93%
3 Technology 21.04%
4 Communication Services 18.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UAL icon
1
United Airlines
UAL
$40.7B
$974M 35.5%
11,629,283
– –
META icon
2
Meta Platforms (Facebook)
META
$1.5T
$442M 16.1%
3,368,000
+2,727,900
+426% +$395M
DATA
3
DELISTED
Tableau Software, Inc.
DATA
$418M 15.24%
3,484,663
– –
EXPE icon
4
Expedia Group
EXPE
$39.9B
$270M 9.84%
2,395,025
+430,983
+22% +$51.6M
BKNG icon
5
Booking.com
BKNG
$159B
$264M 9.63%
3,835,050
-500,000
-12% -$36.7M
PDD icon
6
Pinduoduo
PDD
$121B
$55.8M 2.03%
2,486,288
+70,929
+3% +$1.5M
AMZN icon
7
Amazon
AMZN
$2.83T
$49.6M 1.81%
660,000
+20,000
+3% +$1.66M
MSFT icon
8
Microsoft
MSFT
$3.68T
$36.6M 1.33%
360,000
+59,800
+20% +$6.41M
CRM icon
9
Salesforce
CRM
$161B
$36.3M 1.32%
265,000
+70,000
+36% +$9.63M
YELP icon
10
Yelp
YELP
$1.34B
$34.4M 1.26%
984,300
– –
TRVG
11
trivago
TRVG
$360M
$23.4M 0.85%
831,511
– –
NVDA icon
12
NVIDIA
NVDA
$5.45T
$21.4M 0.78%
+6,400,000
New +$30.6M
MDB icon
13
MongoDB
MDB
$37B
$20.9M 0.76%
249,484
– –
BABA icon
14
Alibaba
BABA
$297B
$17M 0.62%
124,350
+52,000
+72% +$7.69M
DBX icon
15
Dropbox
DBX
$7.48B
$13.3M 0.48%
650,000
+263,249
+68% +$6.07M
SPR
16
DELISTED
Spirit AeroSystems
SPR
$13M 0.48%
+225,000
New +$18.3M
OKTA icon
17
Okta
OKTA
$25.6B
$12.8M 0.47%
200,000
– –
NTNX icon
18
Nutanix
NTNX
$18B
$12.5M 0.45%
300,000
+180,000
+150% +$7.43M
GOOGL icon
19
Alphabet (Google) Class A
GOOGL
$4.23T
$5.75M 0.21%
110,000
– –
ESTC icon
20
Elastic
ESTC
$9.01B
$5.36M 0.2%
+75,000
New +$5.08M
EXPE icon
21
CALL
Expedia Group
EXPE
$39.9B
$3.56M 0.13%
11,360
+9,350
+465% +$1.12M
ALGT icon
22
Allegiant Air
ALGT
$2.34B
$2M 0.07%
+20,000
New +$2.39M
RJET
23
Republic Airways Holdings
RJET
$952M
$1.44M 0.05%
12,413
+4,413
+55% +$818K
SKYW icon
24
Skywest
SKYW
$4.18B
$1.02M 0.04%
+23,000
New +$1.19M
BABA icon
25
CALL
Alibaba
BABA
$297B
– –
-325
Closed -$7K
1
2

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Brad Gerstner's Q4 2018 Portfolio in Review

As of Q4 2018, Brad Gerstner held 33 positions worth $2.74B, up 6.9% from $2.57B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Brad Gerstner deployed $424M of net new capital in Q4 2018, opening 5 new positions and adding to 12 existing holdings. Its largest new stake was NVIDIA: 6,400,000 shares worth $21.4M.

By sector, the portfolio is most concentrated in Industrials at 36% of assets, down from 41% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Booking.com, an estimated $36.7M trimmed.

  • Brad Gerstner's largest Q4 2018 buy was NVIDIA: 6,400,000 shares worth $21.4M.
  • Brad Gerstner added most to Meta Platforms (Facebook) in Q4 2018, an estimated $395M increase.
  • Brad Gerstner's biggest Q4 2018 reduction was Booking.com, cutting an estimated $36.7M.
  • Brad Gerstner fully exited Everpure Inc in Q4 2018, selling an estimated $64.9M.
  • Brad Gerstner's ten largest holdings make up 94% of its $2.74B portfolio in Q4 2018.
  • Brad Gerstner opened 5 new positions and closed 7 in Q4 2018.
  • Brad Gerstner's portfolio value rose 6.9% quarter-over-quarter to $2.74B.

Based on Altimeter Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.