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 |
Snowflake
SNOW
|
+$2.58B |
| 2 |
Alibaba
BABA
|
+$224M |
| 3 |
Opendoor
OPEN
|
+$86.7M |
| 4 |
Microsoft
MSFT
|
+$48M |
| 5 |
CCC
CCC Intelligent Solutions
CCC
|
+$42.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Expedia Group
EXPE
|
+$146M |
| 2 |
Uber
UBER
|
+$44.8M |
| 3 |
DGNR.U
Dragoneer Growth Opportunities Corp. Units, each consisting of one Class A ordinary share, and one-f
DGNR.U
|
+$42.9M |
| 4 |
Vroom Inc
VRM
|
+$39.2M |
| 5 |
Datadog
DDOG
|
+$28.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 59.35% |
| 2 | Consumer Discretionary | 26.14% |
| 3 | Communication Services | 9.49% |
| 4 | Industrials | 4.15% |
| 5 | Real Estate | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Snowflake
SNOW
$114B
| $2.67B | 24.71% |
9,491,575
+9,071,575
| +2,160% | +$2.58B |
|
2
Pinduoduo
PDD
$121B
| $1.54B | 14.29% |
8,690,000
| – | – |
|
|
3
Uber
UBER
$155B
| $1.45B | 13.41% |
28,411,000
-1,000,000
| -3% | -$44.8M |
|
4
Meta Platforms (Facebook)
META
$1.5T
| $1.03B | 9.49% |
3,753,400
| – | – |
|
5
Salesforce
CRM
$161B
| $660M | 6.11% |
2,966,723
| – | – |
|
6
Unity
U
$20.4B
| $583M | 5.39% |
3,796,544
| – | – |
|
|
7
Expedia Group
EXPE
$39.9B
| $533M | 4.93% |
4,026,185
-1,293,031
| -24% | -$146M |
|
|
8
Microsoft
MSFT
$3.68T
| $342M | 3.17% |
1,538,135
+223,000
| +17% | +$48M |
|
9
Booking.com
BKNG
$159B
| $304M | 2.81% |
3,410,050
| – | – |
|
|
10
Alibaba
BABA
$297B
| $256M | 2.37% |
1,100,000
+805,650
| +274% | +$224M |
|
|
FTCH
11
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $241M | 2.23% |
3,779,409
| – | – |
|
12
United Airlines
UAL
$40.7B
| $208M | 1.92% |
4,803,279
| – | – |
|
13
CrowdStrike
CRWD
$221B
| $205M | 1.9% |
3,880,000
| – | – |
|
14
MongoDB
MDB
$37B
| $152M | 1.4% |
422,000
-30,000
| -7% | -$8.38M |
|
|
15
Opendoor
OPEN
$3.53B
| $90.9M | 0.84% |
+4,133,333
| New | +$86.7M |
|
16
Shopify
SHOP
$199B
| $83.2M | 0.77% |
734,750
+244,750
| +50% | +$25.7M |
|
17
Okta
OKTA
$25.6B
| $82.6M | 0.76% |
325,000
+50,000
| +18% | +$11.9M |
|
18
Amazon
AMZN
$2.83T
| $81.6M | 0.75% |
500,900
| – | – |
|
19
Zoom
ZM
$31.1B
| $55.7M | 0.52% |
165,250
+85,250
| +107% | +$38M |
|
20
Sea Limited
SE
$74.7B
| $49.4M | 0.46% |
248,000
+25,000
| +11% | +$4.45M |
|
|
CCC
21
CCC Intelligent Solutions
CCC
$4.11B
| $46.4M | 0.43% |
+3,500,000
| New | +$42.6M |
|
|
COUP
22
DELISTED
Coupa Software Incorporated
COUP
| $44.1M | 0.41% |
+130,000
| New | +$40.2M |
|
23
Dynatrace
DT
$14.2B
| $30.3M | 0.28% |
700,000
-400,000
| -36% | -$15.9M |
|
24
Airbnb
ABNB
$110B
| $29.1M | 0.27% |
+198,320
| New | +$29.3M |
|
25
DoorDash
DASH
$94B
| $28.6M | 0.26% |
+200,000
| New | +$31.9M |
|
Similar funds
Brad Gerstner's Q4 2020 Portfolio in Review
As of Q4 2020, Brad Gerstner held 35 positions worth $10.8B, up 82% from $5.92B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Brad Gerstner deployed $2.81B of net new capital in Q4 2020, opening 8 new positions and adding to 7 existing holdings. Its largest new stake was Opendoor: 4,133,333 shares worth $90.9M.
By sector, the portfolio is most concentrated in Technology at 59% of assets, up from 51% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Expedia Group, an estimated $146M trimmed.
- Brad Gerstner's largest Q4 2020 buy was Opendoor: 4,133,333 shares worth $90.9M.
- Brad Gerstner added most to Snowflake in Q4 2020, an estimated $2.58B increase.
- Brad Gerstner's biggest Q4 2020 reduction was Expedia Group, cutting an estimated $146M.
- Brad Gerstner fully exited Dragoneer Growth Opportunities Corp. Units, each consisting of one Class A ordinary share, and one-f in Q4 2020, selling an estimated $42.9M.
- Brad Gerstner's ten largest holdings make up 87% of its $10.8B portfolio in Q4 2020.
- Brad Gerstner opened 8 new positions and closed 6 in Q4 2020.
- Brad Gerstner's portfolio value rose 82% quarter-over-quarter to $10.8B.
Based on Altimeter Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.