Altimeter Capital

Q4 2024 13F · by Brad Gerstner, founder

As of: Dec 31, 2024
Filed: Feb 14, 2025
US stock: $5.5B · prev $6.8B
Positions: 24 · prev 23
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%

Moves27 since the prior filing

+14.3 pp in · −14.3 pp out

New 5 +5.81 pp
Added 5 +8.45 pp
Trimmed 13 −9.10 pp
Exited 4 −5.15 pp

The book

Very concentrated · behaves like 9 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 31% a year, about 3.3 years per position

Low
Moderate
High

Top 5 positions66% of US stock

Positions24 in this filing · 4 exited


METAMeta Platforms, Inc. Class A	19.45%	1,842,186	$1.1B	trimmed−19%	+0.26 pp	28 q
NVDANvidia Corp	19.00%	7,845,769	$1.1B	added+1%	+4.98 pp	9 q
SNOWSnowflake Inc.	13.86%	4,978,310	$769M	trimmed−42%	−0.85 pp	18 q
MSFTMicrosoft Corp	7.55%	993,480	$419M	trimmed−37%	−2.55 pp	28 q
UBERUber Technologies, Inc.	6.08%	5,588,792	$337M	trimmed−58%	−8.76 pp	23 q
CFLTConfluent, Inc. Class A	5.92%	11,746,370	$328M	trimmed−14%	+1.81 pp	15 q
AMZNAmazon.Com Inc	3.45%	871,225	$191M	trimmed−3%	+0.96 pp	7 q
GOOGLAlphabet Inc. Class A	2.96%	867,305	$164M	added+31%	+1.34 pp	4 q
TSLATesla, Inc.	2.59%	355,130	$143M	trimmed−46%	+0.02 pp	2 q
CPNGCoupang, Inc.	2.37%	5,985,890	$132M	trimmed−9%	−0.01 pp	4 q
RBRKRubrik, Inc.	1.94%	1,642,098	$107M	trimmed−0%	+1.16 pp	3 q
CARTMaplebear Inc.	1.90%	2,537,618	$105M	new	+1.90 pp	new
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.80%	504,380	$100M	trimmed−3%	+0.46 pp	2 q
FLUTFlutter Entertainment plc	1.77%	380,315	$98M	new	+1.77 pp	new
ZZillow Group, Inc. Class C	1.74%	1,300,738	$96M	added+52%	+0.93 pp	2 q
CRMSalesforce, Inc.	1.64%	271,725	$91M	trimmed−41%	−0.22 pp	3 q
ALABAstera Labs, Inc.	1.40%	584,430	$77M	added+46%	+1.09 pp	4 q
IOTSamsara Inc.	1.15%	1,458,148	$64M	added0%	+0.11 pp	3 q
TWLOTwilio Inc.	1.14%	582,915	$63M	new	+1.14 pp	new
MELIMercado Libre, Inc	1.11%	36,255	$62M	trimmed−41%	−0.76 pp	6 q
MUMicron Technology, Inc.	0.93%	614,595	$52M	new	+0.93 pp	new
DUOLDuolingo, Inc. Class A	0.18%	30,375	$10M	trimmed−84%	−0.62 pp	2 q
TTANServiceTitan, Inc. Class A	0.07%	40,000	$4M	new	+0.07 pp	new
unresolvedAltimeter Growth Corp	0.03%	3,502,000	$1M	held	—	13 q
KWEBKraneShares CSI China Internet ETF	—	−5,671,010	—	exited	−2.86 pp	—
AVGOBroadcom Inc.	—	−396,895	—	exited	−1.01 pp	—
FUTUFutu Holdings Limited	—	−575,750	—	exited	−0.82 pp	—
LINELineage, Inc.	—	−400,000	—	exited	−0.46 pp	—