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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
+4.38%
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
$6.73B
AUM Growth
+$222M
Cap. Flow
+$117M
Cap. Flow %
1.74%
Top 10 Hldgs %
92.94%
Holding
23
New
6
Increased
5
Reduced
7
Closed
3

Top Buys

Rank Stock Value
1
APH icon
Amphenol
APH
+$128M
2
CRM icon
Salesforce
CRM
+$97.3M
3
MELI icon
Mercado Libre
MELI
+$71.9M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$65.4M
5
AAPL icon
Apple
AAPL
+$50.6M

Top Sells

Rank Stock Value
1
SNOW icon
Snowflake
SNOW
+$108M
2
TSLA icon
Tesla
TSLA
+$104M
3
AVGO icon
Broadcom
AVGO
+$52.5M
4
META icon
Meta Platforms (Facebook)
META
+$31.5M
5
COHR icon
Coherent
COHR
+$26M

Sector Composition

Rank Sector Weight
1 Technology 70.54%
2 Communication Services 19.04%
3 Consumer Discretionary 10.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNOW icon
1
Snowflake
SNOW
$114B
$1.29B 19.17%
9,550,746
-730,343
-7% -$108M
META icon
2
Meta Platforms (Facebook)
META
$1.5T
$1.16B 17.17%
2,292,661
-64,740
-3% -$31.5M
UBER icon
3
Uber
UBER
$155B
$982M 14.59%
13,515,060
+178,460
+1% +$12.4M
NVDA icon
4
NVIDIA
NVDA
$5.45T
$956M 14.21%
7,740,810
-190,640
-2% -$19.3M
MSFT icon
5
Microsoft
MSFT
$3.68T
$727M 10.79%
1,625,640
-24,230
-1% -$10.2M
CFLT
6
DELISTED
Confluent
CFLT
$381M 5.65%
12,889,058
-106,445
-0.8% -$3.06M
AMZN icon
7
Amazon
AMZN
$2.83T
$277M 4.12%
1,434,330
-72,975
-5% -$13.4M
PDD icon
8
Pinduoduo
PDD
$121B
$228M 3.39%
1,714,185
-53,746
-3% -$7.28M
APH icon
9
Amphenol
APH
$206B
$136M 2.03%
+2,025,300
New +$128M
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$4.23T
$123M 1.83%
674,530
+388,100
+135% +$65.4M
CPNG icon
11
Coupang
CPNG
$29B
$111M 1.65%
5,295,745
+1,328,900
+34% +$28.8M
CRM icon
12
Salesforce
CRM
$161B
$93.5M 1.39%
+363,590
New +$97.3M
MELI icon
13
Mercado Libre
MELI
$93.5B
$85.2M 1.27%
51,820
+45,575
+730% +$71.9M
DELL icon
14
Dell
DELL
$317B
$68.1M 1.01%
493,940
+4,690
+1% +$629K
AAPL icon
15
Apple
AAPL
$4.46T
$57.2M 0.85%
+271,370
New +$50.6M
IOT icon
16
Samsara
IOT
$23.2B
$27.5M 0.41%
+815,660
New +$28.1M
ALAB icon
17
Astera Labs
ALAB
$55.8B
$24.2M 0.36%
400,000
– –
RBRK icon
18
Rubrik
RBRK
$21B
$5.37M 0.08%
+175,000
New +$5.75M
WBTN
19
WEBTOON Entertainment Inc
WBTN
$1.13B
$2.74M 0.04%
+120,000
New +$2.75M
AGCWW
20
DELISTED
Altimeter Growth Corp Warrant
AGCWW
$562K 0.01%
3,502,000
– –
AVGO icon
21
Broadcom
AVGO
$1.87T
– –
-396,100
Closed -$52.5M
COHR icon
22
Coherent
COHR
$63.7B
– –
-428,270
Closed -$26M
TSLA icon
23
Tesla
TSLA
$1.35T
– –
-589,700
Closed -$104M

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Brad Gerstner's Q2 2024 Portfolio in Review

As of Q2 2024, Brad Gerstner held 23 positions worth $6.73B, up 3.4% from $6.51B the previous quarter. Its ten largest holdings account for 93% of the portfolio.

Brad Gerstner's Q2 2024 filing shows 6 new, 5 increased, 7 reduced and 3 closed positions. Its largest new stake was Amphenol: 2,025,300 shares worth $136M. The largest sale was Snowflake, an estimated $108M.

By sector, the portfolio is most concentrated in Technology at 71% of assets, down from 72% a quarter earlier, followed by Communication Services and Consumer Discretionary.

  • Brad Gerstner's largest Q2 2024 buy was Amphenol: 2,025,300 shares worth $136M.
  • Brad Gerstner added most to Mercado Libre in Q2 2024, an estimated $71.9M increase.
  • Brad Gerstner's biggest Q2 2024 reduction was Snowflake, cutting an estimated $108M.
  • Brad Gerstner fully exited Tesla in Q2 2024, selling an estimated $104M.
  • Brad Gerstner's ten largest holdings make up 93% of its $6.73B portfolio in Q2 2024.
  • Brad Gerstner opened 6 new positions and closed 3 in Q2 2024.
  • Brad Gerstner's portfolio value rose 3.4% quarter-over-quarter to $6.73B.

Based on Altimeter Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.