Brad Gerstner’s portfolio: Altimeter Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001541617Latest: Q2 2026
Q1 2014 filing in brief
In its Q1 2014 13F, filed May 15, 2014, Altimeter Capital reported $979M across 36 US positions. The largest: NQ MOBILE INC (11.3%), ROYAL CARIBBEAN CRUISES LTD (10.5%), UAL (9.4%), EXPE (9.3%), CAR (9.3%). In the quarter it opened 2 positions, sold out of 2, added to 8 and trimmed 4; positions opened and sold out came to 3.1% 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 May 15, 2014
- 2 New
- 8 Added
- 4 Trimmed
- 2 Exited
36 positions at March 31, 2014. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | NQ MOBILE INC | $111M | 6.3M | 11.30% | +69.9% | Added |
| 2 | — | ROYAL CARIBBEAN CRUISES LTD | $103M | 1.9M | 10.52% | 0.0% | Held |
| 3 | UAL | UNITED CONTL HOLDINGS INC | $92M | 2.1M | 9.37% | +3.7% | Added |
| 4 | EXPE | EXPEDIA INC DEL | $92M | 1.3M | 9.35% | +1.7% | Added |
| 5 | CAR | AVIS BUDGET GROUP INC | $91M | 1.9M | 9.30% | 0.0% | Held |
| 6 | — | PRICELINE COM INC | $85M | 71.0K | 8.65% | −26.1% | Trimmed |
| 7 | — | HERTZ GLOBAL HOLDINGS INC | $62M | 2.3M | 6.36% | +105.6% | Added |
| 8 | ALK | ALASKA AIR GROUP INC | $62M | 664.1K | 6.33% | −7.1% | Trimmed |
| 9 | META | FACEBOOK INC | $48M | 795.0K | 4.89% | −29.6% | Trimmed |
| 10 | GRPN | GROUPON INC | $43M | 5.5M | 4.41% | +29.3% | Added |
| 11 | CTRPUSD | CTRIP COM INTL LTD | $40M | 786.3K | 4.05% | 0.0% | Held |
| 12 | AAL | AMERICAN AIRLS GROUP INC | $28M | 753.1K | 2.82% | 0.0% | Held |
| 13 | HAN | HAWAIIAN HOLDINGS INC | $25M | 1.8M | 2.55% | 0.0% | Held |
| 14 | — | COPA HOLDINGS SA | $22M | 152.6K | 2.26% | — | New |
| 15 | DAL | DELTA AIR LINES INC DEL | $20M | 566.9K | 2.01% | 0.0% | Held |
| 16 | — | NQ MOBILE INCcall option | $11M | 17.7K | 1.12% | −19.5% | Trimmed |
| 17 | SAVEEUR | SPIRIT AIRLS INC | $6M | 100.0K | 0.61% | 0.0% | Held |
| 18 | RHT1EUR | RED HAT INC | $5M | 92.0K | 0.50% | 0.0% | Held |
| 19 | FNSR | FINISAR CORP | $5M | 170.3K | 0.46% | 0.0% | Held |
| 20 | GRPN | GROUPON INCcall option | $3M | 16.0K | 0.32% | — | New |
| 21 | BYD | BOYD GAMING CORP | $3M | 200.0K | 0.27% | 0.0% | Held |
| 22 | — | ARUBA NETWORKS INC | $3M | 140.2K | 0.27% | 0.0% | Held |
| 23 | — | TANGOE INC | $3M | 139.1K | 0.26% | 0.0% | Held |
| 24 | RP | REALPAGE INC | $3M | 140.0K | 0.26% | 0.0% | Held |
| 25 | — | YANDEX N V | $2M | 74.0K | 0.23% | +23.3% | Added |
| 26 | QCOM | QUALCOMM INC | $2M | 25.0K | 0.20% | 0.0% | Held |
| 27 | AMZN | AMAZON COM INC | $2M | 5.2K | 0.18% | +160.0% | Added |
| 28 | — | GLOBAL EAGLE ENTMT INC | $2M | 100.0K | 0.16% | 0.0% | Held |
| 29 | — | INFOBLOX INC | $2M | 78.1K | 0.16% | +155.4% | Added |
| 30 | — | ELONG INC | $1M | 80.9K | 0.14% | 0.0% | Held |
| 31 | DWREEUR | DEMANDWARE INC | $1M | 20.0K | 0.13% | 0.0% | Held |
| 32 | CHR | CHURCHILL DOWNS INC | $1M | 13.3K | 0.12% | 0.0% | Held |
| 33 | — | INTERXION HOLDING N.V | $1M | 50.0K | 0.12% | 0.0% | Held |
| 34 | — | NEONODE INC | $1M | 208.6K | 0.12% | 0.0% | Held |
| 35 | — | CONCUR TECHNOLOGIES INC | $1M | 11.1K | 0.11% | 0.0% | Held |
| 36 | — | ORBITZ WORLDWIDE INC | $870K | 111.0K | 0.09% | 0.0% | Held |
2 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 |
|---|---|---|---|
| CALD | CALLIDUS SOFTWARE INC | $2M | 111.9K |
| MODNEUR | MODEL N INC | $886K | 75.1K |
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.