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 |
Uber
UBER
|
+$331M |
| 2 |
Expedia Group
EXPE
|
+$25.5M |
| 3 |
ServiceNow
NOW
|
+$9.06M |
| 4 |
Datadog
DDOG
|
+$6.18M |
| 5 |
Peloton Interactive
PTON
|
+$3.34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$168M |
| 2 |
United Airlines
UAL
|
+$67.5M |
| 3 |
SAVE
Spirit Airlines, Inc.
SAVE
|
+$9.07M |
| 4 |
Elastic
ESTC
|
+$9M |
| 5 |
Norwegian Cruise Line
NCLH
|
+$6.42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 45.96% |
| 2 | Consumer Discretionary | 23.59% |
| 3 | Communication Services | 19.16% |
| 4 | Industrials | 11.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Uber
UBER
$155B
| $870M | 26.1% |
31,152,028
+10,058,744
| +48% | +$331M |
|
2
Meta Platforms (Facebook)
META
$1.5T
| $626M | 18.79% |
3,753,400
| – | – |
|
|
3
Salesforce
CRM
$161B
| $454M | 13.63% |
3,153,823
-980,080
| -24% | -$168M |
|
|
4
United Airlines
UAL
$40.7B
| $340M | 10.22% |
10,791,309
-1,020,774
| -9% | -$67.5M |
|
5
Pinduoduo
PDD
$121B
| $313M | 9.39% |
8,690,000
| – | – |
|
|
6
Expedia Group
EXPE
$39.9B
| $220M | 6.61% |
3,912,476
+265,103
| +7% | +$25.5M |
|
7
Booking.com
BKNG
$159B
| $184M | 5.51% |
3,410,050
| – | – |
|
8
Microsoft
MSFT
$3.68T
| $82.8M | 2.48% |
525,000
| – | – |
|
9
Alibaba
BABA
$297B
| $57.2M | 1.72% |
294,350
| – | – |
|
10
MongoDB
MDB
$37B
| $41M | 1.23% |
300,000
| – | – |
|
11
Okta
OKTA
$25.6B
| $30.6M | 0.92% |
250,000
| – | – |
|
|
FTCH
12
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $29.9M | 0.9% |
3,779,409
| – | – |
|
13
Dynatrace
DT
$14.2B
| $26.2M | 0.79% |
1,100,000
+100,000
| +10% | +$2.88M |
|
|
14
Datadog
DDOG
$91.7B
| $10.8M | 0.32% |
300,000
+150,000
| +100% | +$6.18M |
|
15
CrowdStrike
CRWD
$221B
| $8.35M | 0.25% |
600,000
| – | – |
|
|
16
ServiceNow
NOW
$128B
| $8.31M | 0.25% |
+144,955
| New | +$9.06M |
|
|
TRVG
17
trivago
TRVG
$360M
| $7.72M | 0.23% |
1,058,086
+13,880
| +1% | +$157K |
|
18
Ranpak Holdings
PACK
$478M
| $6.26M | 0.19% |
1,000,000
| – | – |
|
19
Angi Inc
ANGI
$191M
| $4.67M | 0.14% |
89,000
| – | – |
|
|
20
Peloton Interactive
PTON
$2.47B
| $3.19M | 0.1% |
+120,000
| New | +$3.34M |
|
21
Allegiant Air
ALGT
$2.34B
| $2.45M | 0.07% |
30,000
+10,000
| +50% | +$1.44M |
|
|
RJET
22
Republic Airways Holdings
RJET
$952M
| $2.38M | 0.07% |
48,333
+26,354
| +120% | +$2.69M |
|
23
Carvana
CVNA
$83.1B
| $2.2M | 0.07% |
+200,000
| New | +$3.09M |
|
24
Skywest
SKYW
$4.18B
| $1.05M | 0.03% |
40,000
+5,000
| +14% | +$244K |
|
25
Amazon
AMZN
$2.83T
| $487K | 0.01% |
+5,000
| New | +$484K |
|
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Brad Gerstner's Q1 2020 Portfolio in Review
As of Q1 2020, Brad Gerstner held 31 positions worth $3.33B, down 26% from $4.48B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Brad Gerstner deployed $118M of net new capital in Q1 2020, opening 4 new positions and adding to 8 existing holdings. Its largest new stake was ServiceNow: 144,955 shares worth $8.31M.
By sector, the portfolio is most concentrated in Technology at 46% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Salesforce, an estimated $168M trimmed.
- Brad Gerstner's largest Q1 2020 buy was ServiceNow: 144,955 shares worth $8.31M.
- Brad Gerstner added most to Uber in Q1 2020, an estimated $331M increase.
- Brad Gerstner's biggest Q1 2020 reduction was Salesforce, cutting an estimated $168M.
- Brad Gerstner fully exited Spirit Airlines, Inc. in Q1 2020, selling an estimated $9.07M.
- Brad Gerstner's ten largest holdings make up 96% of its $3.33B portfolio in Q1 2020.
- Brad Gerstner opened 4 new positions and closed 6 in Q1 2020.
- Brad Gerstner's portfolio value fell 26% quarter-over-quarter to $3.33B.
Based on Altimeter Capital Management's 13F filing for Q1 2020, filed 15 May 2020.