Altimeter Capital Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Brad Gerstner's Altimeter Capital Management reported 22 stock positions worth $7.6 billion. Its top holding was Nvidia (NVDA) at 18.8% of the portfolio, followed by Meta Platforms Class A (META, 18.1%) and Microsoft (MSFT, 7.9%). Compared with Q2 2025, it opened 8 new positions, sold out of 3, added to 4 and reduced 10. The biggest buy was a new position in Broadcom (AVGO) and the biggest sale Confluent Class A (CFLT, shares −27%).
- Most Recent 13F
- Q2 2026
- Notable People
- Brad Gerstner
- Location
- MENLO PARK, CA
- CIK
- 0001541617
- Portfolio Value
- $7.6B (Q3 2025)
- SEC Filing
- 0001541617-25-000013 ↗ filed Nov 14, 2025
Holdings Value
Holdings 22 stocks · $7.6B
| NVDA Nvidia Corp. | 18.82% | 7,644,898 | $1.4B | Reduce -7.4% |
| META Meta Platforms Inc. Class A | 18.08% | 1,865,938 | $1.4B | Reduce -0.6% |
| MSFT Microsoft Corp. | 7.94% | 1,162,092 | $601.9M | Add +9.8% |
| SNOW Snowflake Inc. | 7.23% | 2,428,384 | $547.7M | Reduce -14.1% |
| UBER Uber Technologies Inc. | 7.22% | 5,588,792 | $547.5M | Reduce -6.1% |
| AMZN Amazon.com Inc. | 6.28% | 2,167,474 | $475.9M | Add +48.0% |
| HOOD Robinhood Markets Inc. Class A | 4.91% | 2,596,875 | $371.8M | Reduce -20.0% |
| CPNG Coupang Inc. | 4.26% | 10,024,584 | $322.8M | Reduce -12.3% |
| TSM Taiwan Semiconductor-SP ADR | 3.94% | 1,068,677 | $298.5M | Add +23.2% |
| AVGO Broadcom Inc. | 3.24% | 744,776 | $245.7M | New |
| CFLT Confluent Inc. Class A | 2.95% | 11,281,793 | $223.4M | Reduce -27.5% |
| PDD PDD Holdings Inc. | 2.39% | 1,371,680 | $181.3M | New |
| BABA Alibaba Group Holding-SP ADR | 2.29% | 969,100 | $173.2M | New |
| Z Zillow Group Inc. Class C | 2.22% | 2,187,421 | $168.5M | Reduce -8.4% |
| ARM Arm Holdings PLC-ADR | 2.05% | 1,098,139 | $155.4M | Add +17.7% |
| SNPS Synopsys Inc. | 1.68% | 258,280 | $127.4M | New |
| CART Maplebear Inc. | 1.61% | 3,324,951 | $122.2M | Reduce -21.1% |
| MELI MercadoLibre Inc. | 1.17% | 37,841 | $88.4M | Reduce -18.7% |
| GOOGL Alphabet Inc. Class A | 1.00% | 313,132 | $76.1M | New |
| GEMI Gemini Space Station Inc. Class A | 0.51% | 1,600,000 | $38.3M | New |
| PTRN Pattern Group Inc. Class A | 0.13% | 721,430 | $9.9M | New |
| NTSK Netskope Inc. Class A | 0.10% | 325,000 | $7.4M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AGCWW Altimeter Growth Corp. -CW25 | *W EXP 09/30/202 | 3,502,000 | $1.8M | No change |
Total filed on the 13F, all lines: $7.6B.
Portfolio Sells Q2 2025 → Q3 2025
| CFLT Confluent Inc. Class A | Reduce -27.5% | 2.95% | −2.65 |
| META Meta Platforms Inc. Class A | Reduce -0.6% | 18.08% | −1.92 |
| SNOW Snowflake Inc. | Reduce -14.1% | 7.23% | −1.90 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −1.72 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −1.71 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −1.53 |
| CART Maplebear Inc. | Reduce -21.1% | 1.61% | −1.14 |
| UBER Uber Technologies Inc. | Reduce -6.1% | 7.22% | −0.79 |
| CPNG Coupang Inc. | Reduce -12.3% | 4.26% | −0.68 |
| MELI MercadoLibre Inc. | Reduce -18.7% | 1.17% | −0.59 |
| Z Zillow Group Inc. Class C | Reduce -8.4% | 2.22% | −0.19 |
| NVDA Nvidia Corp. | Reduce -7.4% | 18.82% | +0.00 |
| HOOD Robinhood Markets Inc. Class A | Reduce -20.0% | 4.91% | +0.52 |
Portfolio Buys Q2 2025 → Q3 2025
| AVGO Broadcom Inc. | New | 3.24% | +3.24 |
| PDD PDD Holdings Inc. | New | 2.39% | +2.39 |
| BABA Alibaba Group Holding-SP ADR | New | 2.29% | +2.29 |
| SNPS Synopsys Inc. | New | 1.68% | +1.68 |
| AMZN Amazon.com Inc. | Add +48.0% | 6.28% | +1.64 |
| TSM Taiwan Semiconductor-SP ADR | Add +23.2% | 3.94% | +1.10 |
| GOOGL Alphabet Inc. Class A | New | 1.00% | +1.00 |
| GEMI Gemini Space Station Inc. Class A | New | 0.51% | +0.51 |
| MSFT Microsoft Corp. | Add +9.8% | 7.94% | +0.34 |
| PTRN Pattern Group Inc. Class A | New | 0.13% | +0.13 |
| NTSK Netskope Inc. Class A | New | 0.10% | +0.10 |
| ARM Arm Holdings PLC-ADR | Add +17.7% | 2.05% | −0.13 |
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 |