Brad Gerstner’s portfolio: Altimeter Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001541617Latest: Q2 2026
Q2 2014 filing in brief
In its Q2 2014 13F, filed August 14, 2014, Altimeter Capital reported $1.0B across 33 US positions. The largest: EXPE (11.0%), CAR (10.8%), ROYAL CARIBBEAN CRUISES LTD (10.2%), UAL (10.1%), PRICELINE GRP INC (8.7%). In the quarter it opened 3 positions, sold out of 6, added to 11 and trimmed 2; positions opened and sold out came to 2.2% 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 Aug 14, 2014
- 3 New
- 11 Added
- 2 Trimmed
- 6 Exited
33 positions at June 30, 2014. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | EXPE | EXPEDIA INC DEL | $113M | 1.4M | 10.98% | +14.1% | Added |
| 2 | CAR | AVIS BUDGET GROUP | $112M | 1.9M | 10.79% | 0.0% | Held |
| 3 | — | ROYAL CARIBBEAN CRUISES LTD | $105M | 1.9M | 10.15% | 0.0% | Held |
| 4 | UAL | UNITED CONTL HOLDINGS INC | $105M | 2.5M | 10.13% | +24.2% | Added |
| 5 | — | PRICELINE GRP INC | $90M | 75.0K | 8.73% | +5.7% | Added |
| 6 | — | HERTZ GLOBAL HOLDINGS INC | $80M | 2.8M | 7.69% | +21.4% | Added |
| 7 | ALK | ALASKA AIR GROUP INC | $63M | 664.1K | 6.11% | 0.0% | Held |
| 8 | CTRPUSD | CTRIP COM INTL LTD | $57M | 886.3K | 5.49% | +12.7% | Added |
| 9 | META | FACEBOOK INC | $53M | 795.0K | 5.18% | 0.0% | Held |
| 10 | GRPN | GROUPON INC | $41M | 6.3M | 4.00% | +13.6% | Added |
| 11 | — | COPA HOLDINGS SA | $33M | 232.6K | 3.21% | +52.4% | Added |
| 12 | — | NQ MOBILE INC | $33M | 5.3M | 3.16% | −15.1% | Trimmed |
| 13 | AAL | AMERICAN AIRLS GROUP INC | $32M | 753.1K | 3.13% | 0.0% | Held |
| 14 | DAL | DELTA AIR LINES INC DEL | $30M | 763.5K | 2.86% | +34.7% | Added |
| 15 | HAN | HAWAIIAN HOLDINGS INC | $25M | 1.8M | 2.37% | 0.0% | Held |
| 16 | — | CONCUR TECHNOLOGIES INC | $13M | 135.6K | 1.23% | +1117.6% | Added |
| 17 | SAVEEUR | SPIRIT AIRLS INC | $6M | 100.0K | 0.61% | 0.0% | Held |
| 18 | DWREEUR | DEMANDWARE INC | $6M | 84.0K | 0.56% | +320.1% | Added |
| 19 | RHT1EUR | RED HAT INC | $5M | 92.0K | 0.49% | 0.0% | Held |
| 20 | — | MARKETO INC | $5M | 173.6K | 0.49% | — | New |
| 21 | AMZN | AMAZON COM INC | $5M | 15.4K | 0.48% | +196.2% | Added |
| 22 | FNSR | FINISAR CORP | $3M | 170.3K | 0.33% | 0.0% | Held |
| 23 | WDAY | WORKDAY INC | $3M | 34.0K | 0.30% | — | New |
| 24 | — | GIGAMON INC | $3M | 135.0K | 0.25% | — | New |
| 25 | — | ARUBA NETWORKS INC | $2M | 140.2K | 0.24% | 0.0% | Held |
| 26 | BYD | BOYD GAMING CORP | $2M | 200.0K | 0.23% | 0.0% | Held |
| 27 | — | TANGOE INC | $2M | 139.1K | 0.20% | 0.0% | Held |
| 28 | — | ELONG INC | $2M | 80.9K | 0.17% | 0.0% | Held |
| 29 | GRPN | GROUPON INCcall option | $2M | 16.0K | 0.15% | 0.0% | Held |
| 30 | CHR | CHURCHILL DOWNS INC | $1M | 13.3K | 0.12% | 0.0% | Held |
| 31 | — | ORBITZ WORLDWIDE INC | $988K | 111.0K | 0.10% | 0.0% | Held |
| 32 | — | NEONODE INC | $653K | 208.6K | 0.06% | 0.0% | Held |
| 33 | — | NQ MOBILE INCcall option | $10K | 2.0K | 0.00% | −88.7% | Trimmed |
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 |
|---|---|---|---|
| RP | REALPAGE INC | $3M | 140.0K |
| — | YANDEX N V | $2M | 74.0K |
| QCOM | QUALCOMM INC | $2M | 25.0K |
| — | GLOBAL EAGLE ENTMT INC | $2M | 100.0K |
| — | INFOBLOX INC | $2M | 78.1K |
| — | INTERXION HOLDING N.V | $1M | 50.0K |
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.