Altimeter Capital

Q3 2024 13F · by Brad Gerstner, founder

As of: Sep 30, 2024
Filed: Nov 14, 2024
US stock: $6.8B · prev $6.7B
Positions: 23 · prev 20
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves26 since the prior filing

+12.1 pp in · −12.0 pp out

New 8 +10.67 pp
Added 7 +1.40 pp
Trimmed 6 −4.72 pp
Exited 5 −7.32 pp

The book

Very concentrated · behaves like 9 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 44% a year, about 2.3 years per position

Low
Moderate
High

Top 5 positions73% of US stock

Positions23 in this filing · 5 exited


METAMeta Platforms, Inc. Class A	19.19%	2,264,001	$1.3B	trimmed−1%	+2.02 pp	27 q
UBERUber Technologies, Inc.	14.84%	13,336,600	$1.0B	trimmed−1%	+0.25 pp	22 q
SNOWSnowflake Inc.	14.71%	8,647,959	$993M	trimmed−9%	−4.46 pp	17 q
NVDANvidia Corp	14.02%	7,796,589	$947M	added+1%	−0.19 pp	8 q
MSFTMicrosoft Corp	10.10%	1,585,900	$682M	trimmed−2%	−0.69 pp	27 q
CFLTConfluent, Inc. Class A	4.11%	13,626,464	$278M	added+6%	−1.54 pp	14 q
KWEBKraneShares CSI China Internet ETF	2.86%	5,671,010	$193M	new	+2.86 pp	new
TSLATesla, Inc.	2.57%	662,400	$173M	new	+2.57 pp	new
AMZNAmazon.Com Inc	2.49%	902,290	$168M	trimmed−37%	−1.63 pp	6 q
CPNGCoupang, Inc.	2.38%	6,559,675	$161M	added+24%	+0.73 pp	3 q
MELIMercado Libre, Inc	1.87%	61,460	$126M	added+19%	+0.60 pp	5 q
CRMSalesforce, Inc.	1.86%	457,735	$125M	added+26%	+0.47 pp	2 q
GOOGLAlphabet Inc. Class A	1.62%	661,645	$110M	trimmed−2%	−0.21 pp	3 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.34%	519,290	$90M	new	+1.34 pp	new
IOTSamsara Inc.	1.04%	1,452,933	$70M	added+78%	+0.63 pp	2 q
AVGOBroadcom Inc.	1.01%	396,895	$68M	new	+1.01 pp	new
FUTUFutu Holdings Limited	0.82%	575,750	$55M	new	+0.82 pp	new
ZZillow Group, Inc. Class C	0.81%	855,580	$55M	new	+0.81 pp	new
DUOLDuolingo, Inc. Class A	0.80%	191,625	$54M	new	+0.80 pp	new
RBRKRubrik, Inc.	0.78%	1,648,598	$53M	added×9.4	+0.70 pp	2 q
LINELineage, Inc.	0.46%	400,000	$31M	new	+0.46 pp	new
ALABAstera Labs, Inc.	0.31%	400,000	$21M	held	—	3 q
unresolvedAltimeter Growth Corp	0.01%	3,502,000	$849,235	held	—	12 q
PDDPDD Holdings Inc.	—	−1,714,185	—	exited	−3.39 pp	—
APHAmphenol Corporation	—	−2,025,300	—	exited	−2.03 pp	—
DELLDell Technologies Inc.	—	−493,940	—	exited	−1.01 pp	—
AAPLApple Inc.	—	−271,370	—	exited	−0.85 pp	—
WBTNWEBTOON Entertainment Inc.	—	−120,000	—	exited	−0.04 pp	—