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Adviser Profile

As of Date 03/30/2024
Adviser Type - Large advisory firm
Number of Employees 26 13.04%
of those in investment advisory functions 11
Registration SEC, Approved, 3/30/2012
AUM* 10,713,711,121 25.04%
of that, discretionary 10,713,711,121 25.04%
Private Fund GAV* 10,713,711,121 -33.92%
Avg Account Size 510,176,720 13.13%
SMA’s No
Private Funds 19 1
Contact Info 617 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Reported AUM

Discretionary
Non-discretionary
21B 18B 15B 12B 9B 6B 3B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$6,181,723,157
Fund TypeVenture Capital Fund Count17 GAV$4,531,987,964

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Brochure Summary

Overview

Our Firm Altimeter Capital Management, LP (“Altimeter”), is a Delaware limited partnership, located primarily in Menlo Park, California and Boston, Massachusetts, that was founded in October 2008 by Brad Gerstner. Altimeter is registered with the Securities and Exchange Commission (“SEC”) as an investment adviser. Altimeter provides investment advisory services on a discretionary basis to private investment funds intended for sophisticated investors and institutional investors (each a “Fund”, and collectively, the “Funds”). Each Fund is exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”), and no Fund securities are registered under the Securities Act of 1933, as amended (the “Securities Act”). Brad Gerstner is Altimeter’s principal owner and Chief Executive Officer. He also is principal owner and managing member of Altimeter Capital Management General Partner LLC, a Delaware limited liability company, which serves as the General Partner of Altimeter. Altimeter has also established affiliated entities to serve as general partners of the Funds. As of December 31, 2023, Altimeter provides investment advice with respect to a total of approximately $8,057,134,604 in regulatory assets under management, all of which is managed on a discretionary basis. Advisory Services, Investment Strategy, and Types of Investments Altimeter’s clients include Funds that make investments in (i) Public Investments (as described below), (ii) Private Investments (as described below), and (iii) both Public Investments and Private Investments. Such clients include Funds primarily deploying strategies focused on: (i) long- focused Public Investments (the “Long Opportunities Fund”), (ii) long/short Public Investments (the “Hedge Fund”, collectively with the Long Opportunities Fund, the “Public Funds”), (iii) multi-stage, venture-focused Private Investments (the “Venture Capital Funds”), and (iv) single investment, venture-focused Private Investments (the “Co-Investment Funds”, collectively with the Venture Capital Funds, the “Private Funds”). As described in the Fund’s respective governing documents, the Public Funds are typically open-ended and are required to fully fund all commitments at time of subscription, and the Private Funds are typically closed-ended and contribute commitments over time. Additionally, the Hedge Fund may invest in Private Investments in accordance with its governing documents. Altimeter expects to serve as investment adviser to additional funds, clients, or strategies, as appropriate under the circumstances. The term “Client” used in this Brochure refers to the Funds collectively and any other clients managed by Altimeter as of the date of this Brochure. For all Funds, Altimeter identifies investment opportunities, and acquires, manages, monitors, and disposes of investments on a discretionary basis. Altimeter’s investment-advisory activity focuses primarily
on advising the Funds about U.S. and Non-U.S. Public Investments and Private Investments in companies that Altimeter believes may offer opportunities to realize substantial long-term appreciation. "Public Investments” include long or short transactions in publicly traded equity and equity-related securities (such as equity swaps, options, and other derivatives; purchased or written), and other securities and financial instruments (including, but not limited to, corporate debt, bonds, notes or other debentures or debt participations, convertible securities, private investments in public equity, futures contracts, commodities, and other derivative instruments). “Private Investments” include transactions in securities and other financial instruments in privately held companies, including but not limited to equities, notes, bonds, debentures, and other business interests of every type, including interests in partnerships, joint ventures, proprietorships, and other business entities. Altimeter may also offer invest in digital assets, derivative instruments, options, commodities, currencies, and other asset classes not necessarily included in the aforementioned. Altimeter’s investment approach largely concentrates of certain sectors, including information technology, consumer discretionary, and communication services. Within these sectors, Altimeter generally focuses on companies in the mobile internet, fintech, software, cloud computing, machine learning, artificial intelligence, semiconductors, disruptive transformation, and logistics and infrastructure (including, but not limited to, electric vehicles and related technologies), among others. Altimeter has and expects to continue to invest in companies outside these sectors, particularly in the context of short positions through the Hedge Fund. As noted above, while the Hedge Fund focuses on Public Investments, it has and can invest a portion of its assets in Private Investments. While Altimeter has general portfolio management guidelines for each Fund, Altimeter maintains broad and flexible investment authority, including the discretion to invest in various financial instruments and securities. Please refer to each Fund’s governing documents for specific information on what types of investments Altimeter can make on behalf of its Clients. It should not be assumed that Altimeter’s investment activities are limited to what has been described in this Brochure; it can offer additional advisory services, strategies, and investments that Altimeter considers appropriate, subject to each Client’s investment objectives and guidelines. Ability to Tailor Advisory Services Altimeter does not tailor advisory services to individual investor needs. Instead, Altimeter manages each Fund according to the stated investment strategy contained in that Fund’s offering documents. Altimeter does not participate in any wrap-fee programs.