Brad Gerstner’s portfolio: Altimeter Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001541617Latest: Q2 2026
Q4 2013 filing in brief
In its Q4 2013 13F, filed February 14, 2014, Altimeter Capital reported $836M across 36 US positions. The largest: PRICELINE COM INC (13.4%), ROYAL CARIBBEAN CRUISES LTD (10.7%), EXPE (10.3%), CAR (9.0%), UAL (9.0%). In the quarter it opened 7 positions, sold out of 6, added to 7 and trimmed 6; positions opened and sold out came to 17.7% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed Feb 14, 2014
- 7 New
- 7 Added
- 6 Trimmed
- 6 Exited
36 positions at December 31, 2013. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | PRICELINE COM INC | $112M | 96.1K | 13.36% | −36.2% | Trimmed |
| 2 | — | ROYAL CARIBBEAN CRUISES LTD | $89M | 1.9M | 10.70% | 0.0% | Held |
| 3 | EXPE | EXPEDIA INC DEL | $86M | 1.2M | 10.34% | — | New |
| 4 | CAR | AVIS BUDGET GROUP | $76M | 1.9M | 9.03% | +19.3% | Added |
| 5 | UAL | UNITED CONTL HLDGS INC | $75M | 2.0M | 8.96% | −31.6% | Trimmed |
| 6 | META | FACEBOOK INC | $62M | 1.1M | 7.39% | −0.2% | Held |
| 7 | — | NQ MOBILE INC | $54M | 3.7M | 6.49% | +709.2% | Added |
| 8 | ALK | ALASKA AIR GROUP INC | $52M | 714.5K | 6.27% | 0.0% | Held |
| 9 | GRPN | GROUPON INC | $50M | 4.3M | 5.99% | +372.5% | Added |
| 10 | CTRPUSD | CTRIP COM INTL LTD | $39M | 786.3K | 4.67% | −36.8% | Trimmed |
| 11 | — | HERTZ GLOBAL HOLDINGS INC | $33M | 1.1M | 3.89% | +21.4% | Added |
| 12 | AAL | AMERICAN AIRLS GROUP INC | $19M | 753.1K | 2.27% | — | New |
| 13 | HAN | HAWAIIAN HOLDINGS INC | $17M | 1.8M | 2.06% | +517.0% | Added |
| 14 | DAL | DELTA AIR LINES INC | $16M | 566.9K | 1.86% | −89.6% | Trimmed |
| 15 | — | NQ MOBILE INCcall option | $13M | 22.0K | 1.57% | — | New |
| 16 | RHT1EUR | RED HAT INC | $5M | 92.0K | 0.62% | +5.8% | Added |
| 17 | SAVEEUR | SPIRIT AIRLS INC | $5M | 100.0K | 0.54% | 0.0% | Held |
| 18 | FNSR | FINISAR CORP | $4M | 170.3K | 0.49% | 0.0% | Held |
| 19 | RP | REALPAGE INC | $3M | 140.0K | 0.39% | 0.0% | Held |
| 20 | — | YANDEX N V | $3M | 60.0K | 0.31% | 0.0% | Held |
| 21 | — | ARUBA NETWORKS INC | $3M | 140.2K | 0.30% | +74.8% | Added |
| 22 | — | TANGOE INC | $3M | 139.1K | 0.30% | 0.0% | Held |
| 23 | BYD | BOYD GAMING CORP | $2M | 200.0K | 0.27% | 0.0% | Held |
| 24 | QCOM | QUALCOMM INC | $2M | 25.0K | 0.22% | 0.0% | Held |
| 25 | — | ELONG INC | $2M | 80.9K | 0.20% | 0.0% | Held |
| 26 | CALD | CALLIDUS SOFTWARE INC | $2M | 111.9K | 0.18% | −7.4% | Trimmed |
| 27 | — | GLOBAL EAGLE ENTMT INC | $1M | 100.0K | 0.18% | — | New |
| 28 | — | NEONODE INC | $1M | 208.6K | 0.16% | 0.0% | Held |
| 29 | DWREEUR | DEMANDWARE | $1M | 20.0K | 0.15% | −9.1% | Trimmed |
| 30 | CHR | CHURCHILL DOWNS INC | $1M | 13.3K | 0.14% | 0.0% | Held |
| 31 | — | INTERXION HOLDING NV | $1M | 50.0K | 0.14% | 0.0% | Held |
| 32 | — | CONCUR TECHNOLOGIES INC | $1M | 11.1K | 0.14% | — | New |
| 33 | — | INFOBLOX INC | $1M | 30.6K | 0.12% | — | New |
| 34 | MODNEUR | MODEL N INC | $886K | 75.1K | 0.11% | — | New |
| 35 | AMZN | AMAZON COM INC | $798K | 2.0K | 0.10% | 0.0% | Held |
| 36 | — | ORBITZ WORLDWIDE INC | $797K | 111.0K | 0.10% | 0.0% | Held |
6 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| — | US AIRWAYS GROUP INC | $14M | 753.1K |
| HAN | HAWAIIAN HOLDINGS INCcall option | $1M | 10.0K |
| — | ALLOT COMMUNICATIONS LTD | $881K | 69.7K |
| — | MICROS SYS INC | $759K | 15.2K |
| — | ANGIES LIST INCput option | $507K | 1.0K |
| FFIV | F5 NETWORKS INC | $429K | 5.0K |
Every quarter on file (53)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.