Altimeter Capital

Q3 2025 13F · by Brad Gerstner, founder

As of: Sep 30, 2025
Filed: Nov 14, 2025
US stock: $7.6B · prev $6.9B
Positions: 23 · prev 18
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%

Moves25 since the prior filing

+14.3 pp in · −14.3 pp out

New 8 +11.33 pp
Added 4 +2.97 pp
Trimmed 10 −9.33 pp
Exited 3 −4.96 pp

The book

Concentrated · behaves like 10 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 47% a year, about 2.1 years per position

Low
Moderate
High

Top 5 positions59% of US stock

Positions23 in this filing · 3 exited


NVDANvidia Corp	18.81%	7,644,898	$1.4B	trimmed−7%	0.00 pp	12 q
METAMeta Platforms, Inc. Class A	18.07%	1,865,938	$1.4B	trimmed−1%	−1.92 pp	31 q
MSFTMicrosoft Corp	7.94%	1,162,092	$602M	added+10%	+0.35 pp	31 q
SNOWSnowflake Inc.	7.22%	2,428,384	$548M	trimmed−14%	−1.90 pp	21 q
UBERUber Technologies, Inc.	7.22%	5,588,792	$548M	trimmed−6%	−0.79 pp	26 q
AMZNAmazon.Com Inc	6.28%	2,167,474	$476M	added+48%	+1.64 pp	10 q
HOODRobinhood Markets, Inc. Class A	4.90%	2,596,875	$372M	trimmed−20%	+0.52 pp	3 q
CPNGCoupang, Inc.	4.26%	10,024,584	$323M	trimmed−12%	−0.68 pp	7 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	3.94%	1,068,677	$298M	added+23%	+1.11 pp	2 q
AVGOBroadcom Inc.	3.24%	744,776	$246M	new	+3.24 pp	new
CFLTConfluent, Inc. Class A	2.95%	11,281,793	$223M	trimmed−27%	−2.64 pp	18 q
PDDPDD Holdings Inc.	2.39%	1,371,680	$181M	new	+2.39 pp	new
BABAAlibaba Group Holding Limited	2.28%	969,100	$173M	new	+2.28 pp	new
ZZillow Group, Inc. Class C	2.22%	2,187,421	$169M	trimmed−8%	−0.19 pp	5 q
ARMArm Holdings plc	2.05%	1,098,139	$155M	added+18%	−0.13 pp	3 q
SNPSSynopsys Inc	1.68%	258,280	$127M	new	+1.68 pp	new
CARTMaplebear Inc.	1.61%	3,324,951	$122M	trimmed−21%	−1.14 pp	4 q
MELIMercado Libre, Inc	1.17%	37,841	$88M	trimmed−19%	−0.59 pp	9 q
GOOGLAlphabet Inc. Class A	1.00%	313,132	$76M	new	+1.00 pp	new
GEMIGemini Space Station, Inc. Class A	0.51%	1,600,000	$38M	new	+0.51 pp	new
PTRNPattern Group Inc. Series A	0.13%	721,430	$10M	new	+0.13 pp	new
NTSKNetskope, Inc. Class A	0.10%	325,000	$7M	new	+0.10 pp	new
unresolvedAltimeter Growth Corp	0.02%	3,502,000	$2M	held	—	16 q
IOTSamsara Inc.	—	−2,990,578	—	exited	−1.72 pp	—
DDOGDatadog, Inc. Class A	—	−881,730	—	exited	−1.71 pp	—
CRWVCoreWeave, Inc. Class A	—	−649,536	—	exited	−1.53 pp	—