Altimeter Capital

Q2 2025 13F · by Brad Gerstner, founder

As of: Jun 30, 2025
Filed: Aug 14, 2025
US stock: $6.9B · prev $5.0B
Positions: 18 · prev 22
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%

Moves24 since the prior filing

+15.9 pp in · −15.9 pp out

New 3 +6.26 pp
Added 12 +9.64 pp
Trimmed 2 −0.26 pp
Exited 7 −15.66 pp

The book

Very concentrated · behaves like 9 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 69% a year, about 1.5 years per position

Low
Moderate
High

Top 5 positions64% of US stock

META Meta Platforms, Inc. Class A added−1.29 pp added−1.2920.0%
NVDA Nvidia Corp added+3.22 pp added+3.2218.8%
SNOW Snowflake Inc. trimmed+0.45 pp trimmed+0.459.1%
UBER Uber Technologies, Inc. added−0.29 pp added−0.298.0%
MSFT Microsoft Corp added+0.23 pp added+0.237.6%

Positions18 in this filing · 7 exited


METAMeta Platforms, Inc. Class A	19.99%	1,877,301	$1.4B	added+2%	−1.29 pp	30 q
NVDANvidia Corp	18.81%	8,252,160	$1.3B	added+15%	+3.22 pp	11 q
SNOWSnowflake Inc.	9.12%	2,825,630	$632M	trimmed−4%	+0.45 pp	20 q
UBERUber Technologies, Inc.	8.01%	5,953,104	$555M	added+5%	−0.29 pp	25 q
MSFTMicrosoft Corp	7.59%	1,058,121	$526M	added+9%	+0.23 pp	30 q
CFLTConfluent, Inc. Class A	5.59%	15,552,976	$388M	added+19%	−0.56 pp	17 q
CPNGCoupang, Inc.	4.94%	11,432,698	$343M	added+54%	+1.66 pp	6 q
AMZNAmazon.Com Inc	4.64%	1,464,863	$321M	added+40%	+0.64 pp	9 q
HOODRobinhood Markets, Inc. Class A	4.38%	3,245,457	$304M	added+12%	+1.96 pp	2 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	2.83%	867,209	$196M	new	+2.83 pp	new
CARTMaplebear Inc.	2.75%	4,216,768	$191M	added+26%	+0.06 pp	3 q
ZZillow Group, Inc. Class C	2.41%	2,387,772	$167M	added+80%	+0.58 pp	4 q
ARMArm Holdings plc	2.18%	933,208	$151M	added×5.3	+1.80 pp	2 q
MELIMercado Libre, Inc	1.76%	46,539	$122M	added×14.1	+1.63 pp	8 q
IOTSamsara Inc.	1.72%	2,990,578	$119M	new	+1.72 pp	new
DDOGDatadog, Inc. Class A	1.71%	881,730	$118M	new	+1.71 pp	new
CRWVCoreWeave, Inc. Class A	1.53%	649,536	$106M	trimmed−78%	−0.71 pp	2 q
unresolvedAltimeter Growth Corp	0.02%	3,502,000	$1M	held	—	15 q
QQQInvesco QQQ Trust, Series 1	—	−988,000	—	exited	−9.32 pp	—
FLUTFlutter Entertainment plc	—	−568,410	—	exited	−2.53 pp	—
BABAAlibaba Group Holding Limited	—	−540,370	—	exited	−1.44 pp	—
ALABAstera Labs, Inc.	—	−981,697	—	exited	−1.18 pp	—
RBRKRubrik, Inc.	—	−832,003	—	exited	−1.02 pp	—
SAILSailPoint, Inc.	—	−250,000	—	exited	−0.09 pp	—
TTANServiceTitan, Inc. Class A	—	−40,000	—	exited	−0.08 pp	—

Source

Form: 13F-HR
Reading: 1 defect · 1 unresolved
Accession: 0001541617-25-000009
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

A security outside the official 13F list — CUSIP G0370L116 not on the Official 13(f) List for 2025-06-30

Search