Altimeter Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Brad Gerstner's Altimeter Capital Management reported 21 stock positions worth $5.0 billion. Its top holding was Meta Platforms Class A (META) at 21.3% of the portfolio, followed by Nvidia (NVDA, 15.6%) and Invesco QQQ Trust Series 1 (QQQ, 9.3%). Compared with Q4 2024, it opened 6 new positions, sold out of 8, added to 8 and reduced 6. The biggest buy was a new position in Invesco QQQ Trust Series 1 (QQQ) and the biggest sale Snowflake (SNOW, shares −41%).
- Most Recent 13F
- Q2 2026
- Notable People
- Brad Gerstner
- Location
- MENLO PARK, CA
- CIK
- 0001541617
- Portfolio Value
- $5.0B (Q1 2025)
- SEC Filing
- 0001541617-25-000005 ↗ filed May 15, 2025
Holdings Value
Holdings 21 stocks · $5.0B
| META Meta Platforms Inc. Class A | 21.29% | 1,835,636 | $1.1B | Reduce -0.4% |
| NVDA Nvidia Corp. | 15.59% | 7,150,477 | $775.0M | Reduce -8.9% |
| QQQ Invesco QQQ Trust Series 1 | 9.32% | 988,000 | $463.3M | New |
| SNOW Snowflake Inc. | 8.67% | 2,947,384 | $430.8M | Reduce -40.8% |
| UBER Uber Technologies Inc. | 8.31% | 5,666,302 | $412.8M | Add +1.4% |
| MSFT Microsoft Corp. | 7.37% | 975,080 | $366.0M | Reduce -1.9% |
| CFLT Confluent Inc. Class A | 6.15% | 13,042,080 | $305.7M | Add +11.0% |
| AMZN Amazon.com Inc. | 4.00% | 1,045,155 | $198.9M | Add +20.0% |
| CPNG Coupang Inc. | 3.28% | 7,441,445 | $163.2M | Add +24.3% |
| CART Maplebear Inc. | 2.69% | 3,348,128 | $133.6M | Add +31.9% |
| FLUT Flutter Entertainment PLC-Di | 2.53% | 568,410 | $125.9M | Add +49.5% |
| HOOD Robinhood Markets Inc. Class A | 2.42% | 2,885,714 | $120.1M | New |
| CRWV Coreweave Inc. Class A | 2.24% | 2,999,536 | $111.2M | New |
| Z Zillow Group Inc. Class C | 1.83% | 1,323,554 | $90.7M | Add +1.8% |
| BABA Alibaba Group Holding-SP ADR | 1.44% | 540,370 | $71.5M | New |
| ALAB Astera Labs Inc. | 1.18% | 981,697 | $58.6M | Add +68.0% |
| RBRK Rubrik Inc. Class A | 1.02% | 832,003 | $50.7M | Reduce -49.3% |
| ARM Arm Holdings PLC-ADR | 0.38% | 175,600 | $18.8M | New |
| MELI MercadoLibre Inc. | 0.13% | 3,300 | $6.4M | Reduce -90.9% |
| SAIL Sailpoint Inc. | 0.09% | 250,000 | $4.7M | New |
| TTAN Servicetitan Inc. Class A | 0.08% | 40,000 | $3.8M | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AGCWW Altimeter Growth Corp. -CW25 | *W EXP 09/30/202 | 3,502,000 | $1.4M | No change |
Total filed on the 13F, all lines: $5.0B.
Portfolio Sells Q4 2024 → Q1 2025
| SNOW Snowflake Inc. | Reduce -40.8% | 8.67% | −5.20 |
| NVDA Nvidia Corp. | Reduce -8.9% | 15.59% | −3.41 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −2.96 |
| TSLA Tesla Inc. | Sold out | 0.00% | −2.59 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −1.80 |
| CRM Salesforce Inc. | Sold out | 0.00% | −1.64 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −1.15 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −1.14 |
| MELI MercadoLibre Inc. | Reduce -90.9% | 0.13% | −0.98 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.93 |
| RBRK Rubrik Inc. Class A | Reduce -49.3% | 1.02% | −0.91 |
| MSFT Microsoft Corp. | Reduce -1.9% | 7.37% | −0.19 |
| DUOL Duolingo | Sold out | 0.00% | −0.18 |
| META Meta Platforms Inc. Class A | Reduce -0.4% | 21.29% | +1.83 |
Portfolio Buys Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | New | 9.32% | +9.32 |
| HOOD Robinhood Markets Inc. Class A | New | 2.42% | +2.42 |
| CRWV Coreweave Inc. Class A | New | 2.24% | +2.24 |
| UBER Uber Technologies Inc. | Add +1.4% | 8.31% | +2.23 |
| BABA Alibaba Group Holding-SP ADR | New | 1.44% | +1.44 |
| CPNG Coupang Inc. | Add +24.3% | 3.28% | +0.91 |
| CART Maplebear Inc. | Add +31.9% | 2.69% | +0.79 |
| FLUT Flutter Entertainment PLC-Di | Add +49.5% | 2.53% | +0.76 |
| AMZN Amazon.com Inc. | Add +20.0% | 4.00% | +0.55 |
| ARM Arm Holdings PLC-ADR | New | 0.38% | +0.38 |
| CFLT Confluent Inc. Class A | Add +11.0% | 6.15% | +0.23 |
| SAIL Sailpoint Inc. | New | 0.09% | +0.09 |
| Z Zillow Group Inc. Class C | Add +1.8% | 1.83% | +0.09 |
| ALAB Astera Labs Inc. | Add +68.0% | 1.18% | −0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $9.8B | NVDA, CBRS, META, TSM, CRWV |
| Q1 2026 | 12 | $5.7B | NVDA, META, UBER, TSM, MSFT |
| Q4 2025 | 17 | $6.7B | NVDA, META, MSFT, AMZN, UBER |
| Q3 2025 | 22 | $7.6B | NVDA, META, MSFT, SNOW, UBER |
| Q2 2025 | 17 | $6.9B | META, NVDA, SNOW, UBER, MSFT |
| Q1 2025 | 21 | $5.0B | META, NVDA, QQQ, SNOW, UBER |
| Q4 2024 | 23 | $5.5B | META, NVDA, SNOW, MSFT, UBER |
| Q3 2024 | 22 | $6.8B | META, UBER, SNOW, NVDA, MSFT |
| Q2 2024 | 19 | $6.7B | SNOW, META, UBER, NVDA, MSFT |
| Q1 2024 | 16 | $6.5B | SNOW, META, UBER, NVDA, MSFT |