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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
+12.76%
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
$3.65B
AUM Growth
+$731M
Cap. Flow
+$342M
Cap. Flow %
9.37%
Top 10 Hldgs %
94.08%
Holding
30
New
4
Increased
12
Reduced
1
Closed
3

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$110M
2
PDD icon
Pinduoduo
PDD
+$77.6M
3
EXPE icon
Expedia Group
EXPE
+$65.4M
4
META icon
Meta Platforms (Facebook)
META
+$36.5M
5
DATA
Tableau Software, Inc.
DATA
+$29.9M

Top Sells

Rank Stock Value
1
NTNX icon
Nutanix
NTNX
+$28.5M
2
DBX icon
Dropbox
DBX
+$9.81M
3
LYFT icon
Lyft
LYFT
+$783K

Sector Composition

Rank Sector Weight
1 Industrials 29.21%
2 Technology 25.18%
3 Consumer Discretionary 24.4%
4 Communication Services 20.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UAL icon
1
United Airlines
UAL
$40.7B
$1.04B 28.36%
11,829,283
+200,000
+2% +$16.9M
META icon
2
Meta Platforms (Facebook)
META
$1.5T
$724M 19.84%
3,753,400
+200,000
+6% +$36.5M
DATA
3
DELISTED
Tableau Software, Inc.
DATA
$580M 15.88%
3,494,020
+227,560
+7% +$29.9M
EXPE icon
4
Expedia Group
EXPE
$39.9B
$452M 12.38%
3,399,693
+531,000
+19% +$65.4M
BKNG icon
5
Booking.com
BKNG
$159B
$256M 7%
3,410,050
– –
PDD icon
6
Pinduoduo
PDD
$121B
$125M 3.43%
6,071,901
+3,585,613
+144% +$77.6M
UBER icon
7
Uber
UBER
$155B
$120M 3.28%
+2,579,705
New +$110M
MSFT icon
8
Microsoft
MSFT
$3.68T
$67M 1.83%
500,000
– –
CRM icon
9
Salesforce
CRM
$161B
$42.5M 1.16%
280,000
+15,000
+6% +$2.35M
NTNX icon
10
Nutanix
NTNX
$18B
$33.3M 0.91%
1,283,218
-816,782
-39% -$28.5M
BABA icon
11
Alibaba
BABA
$297B
$30.1M 0.83%
177,850
+41,500
+30% +$7.16M
OKTA icon
12
Okta
OKTA
$25.6B
$24.7M 0.68%
200,000
– –
MDB icon
13
MongoDB
MDB
$37B
$24.3M 0.67%
160,000
+20,000
+14% +$2.9M
ESTC icon
14
Elastic
ESTC
$9.01B
$22.4M 0.61%
300,000
+200,000
+200% +$16.3M
TRVG
15
trivago
TRVG
$360M
$22M 0.6%
1,044,206
+8,720
+0.8% +$178K
AMZN icon
16
Amazon
AMZN
$2.83T
$15.1M 0.41%
160,000
– –
GRUB
17
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$13M 0.35%
+83,079
New +$11.3M
UAL icon
18
CALL
United Airlines
UAL
$40.7B
$12.4M 0.34%
22,575
+17,125
+314% +$1.45M
SAVE
19
DELISTED
Spirit Airlines, Inc.
SAVE
$10.7M 0.29%
225,000
– –
YELP icon
20
Yelp
YELP
$1.34B
$10.3M 0.28%
300,000
– –
PACK icon
21
Ranpak Holdings
PACK
$478M
$8.85M 0.24%
+1,000,000
New +$9.96M
CRWD icon
22
CrowdStrike
CRWD
$221B
$5.46M 0.15%
+320,000
New +$5.44M
NCLH icon
23
Norwegian Cruise Line
NCLH
$8.73B
$3.75M 0.1%
70,000
– –
ALGT icon
24
Allegiant Air
ALGT
$2.34B
$2.87M 0.08%
20,000
– –
RJET
25
Republic Airways Holdings
RJET
$952M
$2.29M 0.06%
16,667
+3,334
+25% +$460K
1
2

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Brad Gerstner's Q2 2019 Portfolio in Review

As of Q2 2019, Brad Gerstner held 30 positions worth $3.65B, up 25% from $2.92B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Brad Gerstner deployed $342M of net new capital in Q2 2019, opening 4 new positions and adding to 12 existing holdings. Its largest new stake was Uber: 2,579,705 shares worth $120M.

By sector, the portfolio is most concentrated in Industrials at 29% of assets, down from 32% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Nutanix, an estimated $28.5M trimmed.

  • Brad Gerstner's largest Q2 2019 buy was Uber: 2,579,705 shares worth $120M.
  • Brad Gerstner added most to Pinduoduo in Q2 2019, an estimated $77.6M increase.
  • Brad Gerstner's biggest Q2 2019 reduction was Nutanix, cutting an estimated $28.5M.
  • Brad Gerstner fully exited Dropbox in Q2 2019, selling an estimated $9.81M.
  • Brad Gerstner's ten largest holdings make up 94% of its $3.65B portfolio in Q2 2019.
  • Brad Gerstner opened 4 new positions and closed 3 in Q2 2019.
  • Brad Gerstner's portfolio value rose 25% quarter-over-quarter to $3.65B.

Based on Altimeter Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.