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 |
Opendoor
OPEN
|
+$224M |
| 2 |
Peloton Interactive
PTON
|
+$49.7M |
| 3 |
Toast
TOST
|
+$27.3M |
| 4 |
Duolingo
DUOL
|
+$19M |
| 5 |
Zoom
ZM
|
+$16.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snowflake
SNOW
|
+$1.11B |
| 2 |
United Airlines
UAL
|
+$150M |
| 3 |
Expedia Group
EXPE
|
+$60.1M |
| 4 |
SoFi Technologies
SOFI
|
+$47.9M |
| 5 |
DigitalOcean
DOCN
|
+$36.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 75.76% |
| 2 | Communication Services | 12.35% |
| 3 | Consumer Discretionary | 8.03% |
| 4 | Real Estate | 2.2% |
| 5 | Industrials | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Snowflake
SNOW
$114B
| $6.36B | 50.97% |
21,037,333
-3,887,255
| -16% | -$1.11B |
|
2
Meta Platforms (Facebook)
META
$1.5T
| $1.27B | 10.21% |
3,753,400
| – | – |
|
3
Uber
UBER
$155B
| $1.1B | 8.79% |
24,500,000
| – | – |
|
4
Microsoft
MSFT
$3.68T
| $497M | 3.98% |
1,763,135
| – | – |
|
|
5
Peloton Interactive
PTON
$2.47B
| $492M | 3.94% |
5,650,000
+450,000
| +9% | +$49.7M |
|
|
6
Opendoor
OPEN
$3.53B
| $275M | 2.2% |
+13,846,667
| New | +$224M |
|
7
Shopify
SHOP
$199B
| $271M | 2.17% |
2,000,000
| – | – |
|
8
Unity
U
$20.4B
| $265M | 2.12% |
2,098,175
| – | – |
|
|
9
Zoom
ZM
$31.1B
| $248M | 1.99% |
950,000
+50,000
| +6% | +$16.9M |
|
10
CrowdStrike
CRWD
$221B
| $238M | 1.91% |
3,880,000
| – | – |
|
11
Roblox
RBLX
$27.3B
| $215M | 1.72% |
2,850,000
+72,223
| +3% | +$5.93M |
|
12
Alibaba
BABA
$297B
| $171M | 1.37% |
1,152,000
| – | – |
|
13
UiPath
PATH
$8.3B
| $158M | 1.27% |
3,004,790
| – | – |
|
|
FTCH
14
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $142M | 1.13% |
3,779,409
| – | – |
|
15
Okta
OKTA
$25.6B
| $125M | 1% |
525,000
| – | – |
|
|
CFLT
16
DELISTED
Confluent
CFLT
| $103M | 0.82% |
1,725,000
| – | – |
|
17
Sea Limited
SE
$74.7B
| $95.6M | 0.77% |
300,000
| – | – |
|
18
Amazon
AMZN
$2.83T
| $82.3M | 0.66% |
500,900
| – | – |
|
19
Coupang
CPNG
$29B
| $73.6M | 0.59% |
2,642,857
| – | – |
|
20
Bumble
BMBL
$358M
| $52.5M | 0.42% |
1,050,000
| – | – |
|
21
Pinduoduo
PDD
$121B
| $51.9M | 0.42% |
572,000
| – | – |
|
|
XM
22
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
| $42.7M | 0.34% |
1,000,000
| – | – |
|
23
Booking.com
BKNG
$159B
| $25.4M | 0.2% |
267,550
| – | – |
|
|
24
Toast
TOST
$20.1B
| $25M | 0.2% |
+500,000
| New | +$27.3M |
|
|
ME
25
DELISTED
23andMe Holding Co
ME
| $24.6M | 0.2% |
136,012
| – | – |
|
Similar funds
Brad Gerstner's Q3 2021 Portfolio in Review
As of Q3 2021, Brad Gerstner held 40 positions worth $12.5B, down 2.4% from $12.8B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Brad Gerstner withdrew a net $1.08B in Q3 2021, closing 9 positions and reducing 2 holdings. Its most notable exit was United Airlines, an estimated $150M position sold in full.
By sector, the portfolio is most concentrated in Technology at 76% of assets, up from 73% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Brad Gerstner opened a new position in Opendoor worth $275M.
- Brad Gerstner's largest Q3 2021 buy was Opendoor: 13,846,667 shares worth $275M.
- Brad Gerstner added most to Peloton Interactive in Q3 2021, an estimated $49.7M increase.
- Brad Gerstner's biggest Q3 2021 reduction was Snowflake, cutting an estimated $1.11B.
- Brad Gerstner fully exited United Airlines in Q3 2021, selling an estimated $150M.
- Brad Gerstner's ten largest holdings make up 88% of its $12.5B portfolio in Q3 2021.
- Brad Gerstner opened 7 new positions and closed 9 in Q3 2021.
- Brad Gerstner's portfolio value fell 2.4% quarter-over-quarter to $12.5B.
Based on Altimeter Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.