WhaleCreep

Altimeter Capital Management, LP 13F holdings, Q4 2018

Hedge fundSEC filingsCompare with another fundHoldings as of 2018-12-31, filed 2019-02-15

Altimeter Capital Management, LP disclosed 25 US equity positions worth $2.7bn in its Q4 2018 13F filing. Its largest position is UAL at 35.5% of the reported book, followed by META and DATA. Versus Q3 2018 it opened 6 new positions, added to 11, reduced 1 and exited 5.

$2.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
25
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
35.5%
Largest position
The largest single position as a share of the reported equity book.
94.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
5
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
59
Quarters on file since Q4 2011
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2018: 6 new, 11 added, 1 reduced, 5 exited

25 rows
UAL UNITED AIRLINES HLDGS INCIndustrials35.5%$974m11.63m0.0%held
META META PLATFORMS INCCommunication Services16.1%$442m3.37m+426%added
DATA TABLEAU SOFTWARE INC–15.3%$418m3.48m0.0%held
EXPE EXPEDIA GROUP INCConsumer Cyclical9.8%$270m2.40m+22%added
BKNG BOOKING HOLDINGS INCConsumer Cyclical9.6%$264m153,402−12%reduced
PDD PDD HOLDINGS INCConsumer Cyclical2.0%$55.8m2.49m+2.9%added
AMZN AMAZON COM INCConsumer Cyclical1.8%$49.6m33,000+3.1%added
MSFT MICROSOFT CORPTechnology1.3%$36.6m360,000+20%added
CRM SALESFORCE INCTechnology1.3%$36.3m265,000+36%added
YELP YELP INCCommunication Services1.3%$34.4m984,3000.0%held
TRVG TRIVAGO N VCommunication Services0.9%$23.4m4.16m0.0%held
NVDA NVIDIA CORPORATIONTechnology0.8%$21.4m160,000–new
MDB MONGODB INCTechnology0.8%$20.9m249,4840.0%held
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.6%$17.0m124,350+72%added
DBX DROPBOX INCTechnology0.5%$13.3m650,000+68%added
S9Q SPIRIT AEROSYSTEMS HLDGS INC–0.5%$13.0m225,000–new
OKTA OKTA INCTechnology0.5%$12.8m200,0000.0%held
NTNX NUTANIX INCTechnology0.5%$12.5m300,000+150%added
TESLA INC no ticker–0.2%$6.7m6.00m–new
GOOGL ALPHABET INCCommunication Services0.2%$5.7m5,5000.0%held
ESTC ELASTIC N VTechnology0.2%$5.4m75,000–new
NORWEGIAN CRUISE LINE HLDG L no ticker–0.1%$3.0m70,000+40%added
ALGT ALLEGIANT TRAVEL COIndustrials0.07%$2.0m20,000–new
MESA AIR GROUP INC no ticker–0.05%$1.4m186,198+55%added
SKYW SKYWEST INCIndustrials0.04%$1.0m23,000–new

Exited since Q3 2018

5 rows
P EVERPURE INC2.5%$64.9m
SAVEEUR SPIRIT AIRLS INC0.4%$10.6m
TESLA INC no ticker0.2%$5.7m
PAGS PAGSEGURO DIGITAL LTD0.1%$3.5m
COPA HOLDINGS SA no ticker0.03%$798k

Sector mix

  • Industrials35.7%
  • Consumer Cyclical24.0%
  • Communication Services18.4%
  • Unclassified16.1%
  • Technology5.8%

Book over time

Every quarter on file (59)
QuarterPositionsEquity book
Q2 202620$9.8bn
Q1 202613$5.7bn
Q4 202518$6.7bn
Q3 202523$7.6bn
Q2 202518$6.9bn
Q1 202522$5.0bn
Q4 202424$5.5bn
Q3 202423$6.8bn
Q2 202420$6.7bn
Q1 202417$6.5bn
Q4 202311$6.0bn
Q3 202311$5.3bn
Q2 202311$5.5bn
Q1 202311$4.6bn
Q4 202211$3.7bn
Q3 202216$4.7bn
Q2 202215$4.4bn
Q1 202221$6.9bn
Q4 202125$10.5bn
Q3 202131$12.5bn
Q2 202133$12.8bn
Q1 202132$14.0bn
Q4 202029$10.8bn
Q3 202027$5.9bn
Q2 202023$4.7bn
Q1 202025$3.3bn
Q4 201924$4.5bn
Q3 201928$4.1bn
Q2 201926$3.6bn
Q1 201924$2.9bn
Q4 201825$2.7bn
Q3 201824$2.6bn
Q2 201825$2.1bn
Q1 201825$2.0bn
Q4 201723$1.9bn
Q3 201720$2.1bn
Q2 201723$2.4bn
Q1 201719$2.1bn
Q4 201617$1.9bn
Q3 201613$1.5bn
Q2 201612$1.3bn
Q1 201615$1.5bn
Q4 201520$1.8bn
Q3 201519$1.6bn
Q2 201525$1.4bn
Q1 201528$1.4bn
Q4 201427$1.4bn
Q3 201426$1.1bn
Q2 201431$1.0bn
Q1 201434$964m
Q4 201335$823m
Q3 201333$755m
Q2 201330$560m
Q1 201317$212m
Q4 201213$145m
Q3 201215$150m
Q2 201218$185m
Q1 201221$172m
Q4 201126$163m

Where Altimeter Capital Management, LP was early

33 rows
RP REALPAGE INCQ1 20121 of 1210.9%2.1%9Exited by Q2 2014−5.3%
NFLX NETFLIX INCQ1 20129 of 3010.7%3.3%9Exited by Q1 2018+1068%
META META PLATFORMS INCQ4 20126 of 3846.2%21.3%45Held at last filing, Q2 2026+2016%
ALK ALASKA AIR GROUP INCQ2 20131 of 1406.6%6.6%19Exited by Q1 2018+183%
RCL ROYAL CARIBBEAN CRUISES LTDQ2 20131 of 18411.2%11.7%12Exited by Q4 2019+225%
HAN HAWAIIAN HOLDINGS INCQ3 20131 of 760.3%3.4%6Exited by Q1 2015+250%
GRPN GROUPON INCQ3 20137 of 1281.3%6.1%5Exited by Q4 2014−40%
AAL AMERICAN AIRLINES GROUP INCQ4 20137 of 2382.3%5.9%15Exited by Q3 2017+99%
WDAY WORKDAY INC-CLASS AQ2 201412 of 2630.3%1.4%7Exited by Q3 2018+35%
HUBS HUBSPOT INCQ4 20142 of 2200.7%1.2%6Exited by Q2 2016+30%
ZG ZILLOW GROUP INCQ1 20155 of 1361.9%2.5%11Exited by Q4 2017+28%
Z ZILLOW GROUP INCQ3 20156 of 2303.0%3.0%10Exited by Q1 2026+153%
P PURE STORAGE INCQ4 20152 of 1721.7%4.7%12Exited by Q4 2018+67%
NTNX NUTANIX INCQ3 20169 of 1960.2%2.7%6Exited by Q4 2019−29%
TWLO TWILIO INCQ4 20163 of 2691.2%1.2%7Exited by Q1 2025+275%
XYZ SQUARE INCQ4 20168 of 2791.0%1.8%7Exited by Q2 2021+1566%
OKTA OKTA INCQ2 201723 of 2570.07%1.1%25Exited by Q3 2023+204%
MDB MONGODB INCQ4 201715 of 2280.2%2.2%17Exited by Q4 2022+569%
BKNG BOOKING HLDGS INCQ1 20183 of 31317.9%17.9%15Exited by Q4 2021+14%
PDD PDD HOLDINGS INCQ3 20182 of 2052.5%15.8%21Exited by Q4 2025+403%
UBER UBER TECHNOLOGIES INCQ2 20193 of 3663.3%26.1%29Held at last filing, Q2 2026+56%
FTCHQ FARFETCH LTDQ3 201916 of 1730.2%2.2%9Exited by Q4 2021+334%
SNOW SNOWFLAKE INCQ3 20202 of 3021.8%61.8%24Held at last filing, Q2 2026+1.4%
U UNITY SOFTWARE INCQ3 20205 of 2335.6%5.6%6Exited by Q1 2022+64%
OPEN OPENDOOR TECHNOLOGIES INCQ4 20208 of 1450.8%3.4%7Exited by Q1 2023−95%
RBLX ROBLOX CORPQ1 20218 of 2191.3%2.8%10Exited by Q3 2023−38%
PATH UIPATH INCQ2 20214 of 1471.6%1.6%6Exited by Q4 2022−81%
8QR CONFLUENT INCQ2 20217 of 2040.6%10.4%19Exited by Q1 2026−36%
GTLB GITLAB INCQ4 202110 of 1870.8%1.2%6Exited by Q2 2023−61%
IOT SAMSARA INCQ4 202111 of 1310.2%1.7%5Exited by Q3 2025+42%
ALAB ASTERA LABS INCQ1 202412 of 1770.5%1.4%5Exited by Q2 2025−20%
RBRK RUBRIK INC.Q2 20247 of 1280.08%1.9%4Exited by Q2 2025+99%
CRWV COREWEAVE INCQ1 20254 of 1502.2%6.2%5Held at last filing, Q2 2026+168%

Concentration and tenure

30.8%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
94.1%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters