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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
-28.37%
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
$6.93B
AUM Growth
-$3.59B
Cap. Flow
-$362M
Cap. Flow %
-5.23%
Top 10 Hldgs %
94.51%
Holding
28
New
3
Increased
7
Reduced
5
Closed
6

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$198M
2
CFLT
Confluent
CFLT
+$123M
3
UAL icon
United Airlines
UAL
+$97.5M
4
EXPE icon
Expedia Group
EXPE
+$52.4M
5
OPEN icon
Opendoor
OPEN
+$49.1M

Top Sells

Rank Stock Value
1
U icon
Unity
U
+$300M
2
SHOP icon
Shopify
SHOP
+$275M
3
CRWD icon
CrowdStrike
CRWD
+$179M
4
PATH icon
UiPath
PATH
+$93.1M
5
AGC
Altimeter Growth Corp
AGC
+$83.2M

Sector Composition

Rank Sector Weight
1 Technology 79.85%
2 Communication Services 9.45%
3 Consumer Discretionary 3.08%
4 Financials 2.59%
5 Real Estate 2.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNOW icon
1
Snowflake
SNOW
$114B
$3.9B 56.39%
17,041,796
+40,000
+0.2% +$10.3M
UBER icon
2
Uber
UBER
$155B
$607M 8.76%
17,010,000
+5,510,000
+48% +$198M
MSFT icon
3
Microsoft
MSFT
$3.68T
$544M 7.85%
1,763,135
– –
META icon
4
Meta Platforms (Facebook)
META
$1.5T
$523M 7.55%
2,350,000
– –
CFLT
5
DELISTED
Confluent
CFLT
$218M 3.14%
5,306,700
+2,356,700
+80% +$123M
AGC
6
DELISTED
Altimeter Growth Corp
AGC
$179M 2.59%
51,259,500
-23,759,065
-32% -$83.2M
OPEN icon
7
Opendoor
OPEN
$3.53B
$163M 2.36%
19,494,350
+5,286,017
+37% +$49.1M
SE icon
8
Sea Limited
SE
$74.7B
$138M 2%
1,155,613
-94,387
-8% -$13.3M
MDB icon
9
MongoDB
MDB
$37B
$137M 1.97%
308,000
+58,000
+23% +$22.7M
RBLX icon
10
Roblox
RBLX
$27.3B
$132M 1.9%
2,850,000
– –
UAL icon
11
United Airlines
UAL
$40.7B
$104M 1.51%
+2,250,000
New +$97.5M
OPEN icon
12
CALL
Opendoor
OPEN
$3.53B
$71.6M 1.03%
+8,550,833
New +$79.5M
EXPE icon
13
Expedia Group
EXPE
$39.9B
$54.8M 0.79%
+280,000
New +$52.4M
GTLB icon
14
GitLab
GTLB
$7.2B
$52.3M 0.76%
961,206
+611,206
+175% +$36.5M
OKTA icon
15
Okta
OKTA
$25.6B
$37.7M 0.55%
250,000
-275,000
-52% -$49.3M
PDD icon
16
Pinduoduo
PDD
$121B
$20.1M 0.29%
500,000
+300,000
+150% +$15.4M
HCP
17
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
$12.2M 0.18%
225,000
– –
TOST icon
18
Toast
TOST
$20.1B
$10.9M 0.16%
500,000
– –
ME
19
DELISTED
23andMe Holding Co
ME
$6.33M 0.09%
82,601
– –
PATH icon
20
UiPath
PATH
$8.3B
$5.2M 0.08%
240,864
-2,763,942
-92% -$93.1M
AGCWW
21
DELISTED
Altimeter Growth Corp Warrant
AGCWW
$2.7M 0.04%
3,502,000
– –
CRWD icon
22
CrowdStrike
CRWD
$221B
$2.27M 0.03%
40,000
-3,840,000
-99% -$179M
BRZE icon
23
Braze
BRZE
$3.26B
– –
-200,000
Closed -$15.4M
IOT icon
24
Samsara
IOT
$23.2B
– –
-800,000
Closed -$22.5M
SHOP icon
25
Shopify
SHOP
$199B
– –
-2,000,000
Closed -$275M
1
2

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Brad Gerstner's Q1 2022 Portfolio in Review

As of Q1 2022, Brad Gerstner held 28 positions worth $6.93B, down 34% from $10.5B the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Brad Gerstner withdrew a net $362M in Q1 2022, closing 6 positions and reducing 5 holdings. Its most notable exit was Unity, an estimated $300M position sold in full.

By sector, the portfolio is most concentrated in Technology at 80% of assets, up from 80% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Brad Gerstner opened a new position in United Airlines worth $104M.

  • Brad Gerstner's largest Q1 2022 buy was United Airlines: 2,250,000 shares worth $104M.
  • Brad Gerstner added most to Uber in Q1 2022, an estimated $198M increase.
  • Brad Gerstner's biggest Q1 2022 reduction was CrowdStrike, cutting an estimated $179M.
  • Brad Gerstner fully exited Unity in Q1 2022, selling an estimated $300M.
  • Brad Gerstner's ten largest holdings make up 95% of its $6.93B portfolio in Q1 2022.
  • Brad Gerstner opened 3 new positions and closed 6 in Q1 2022.
  • Brad Gerstner's portfolio value fell 34% quarter-over-quarter to $6.93B.

Based on Altimeter Capital Management's 13F filing for Q1 2022, filed 17 May 2022.