Brad Gerstner’s portfolio: Altimeter Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001541617Latest: Q2 2026
Q3 2015 filing in brief
In its Q3 2015 13F, filed November 13, 2015, Altimeter Capital reported $1.6B across 19 US positions. The largest: UAL (31.6%), EXPE (22.6%), ROYAL CARIBBEAN CRUISES LTD (7.1%), ALK (5.7%), PRICELINE GRP INC (5.6%). In the quarter it opened 3 positions, sold out of 9, added to 7 and trimmed 3; positions opened and sold out came to 23.1% 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 Nov 13, 2015
- 3 New
- 7 Added
- 3 Trimmed
- 9 Exited
19 positions at September 30, 2015. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | UAL | UNITED CONTL HOLDINGS INC | $493M | 9.3M | 31.56% | +95.8% | Added |
| 2 | EXPE | EXPEDIA INC DEL | $353M | 3.0M | 22.59% | +26.9% | Added |
| 3 | — | ROYAL CARIBBEAN CRUISES LTD | $111M | 1.2M | 7.07% | 0.0% | Held |
| 4 | ALK | ALASKA AIR GROUP INC | $90M | 1.1M | 5.73% | 0.0% | Held |
| 5 | — | PRICELINE GRP INC | $88M | 71.0K | 5.62% | 0.0% | Held |
| 6 | AAL | AMERICAN AIRLS GROUP INC | $81M | 2.1M | 5.16% | +3.7% | Added |
| 7 | CTRPUSD | CTRIP COM INTL LTD | $56M | 886.3K | 3.58% | 0.0% | Held |
| 8 | DATA | TABLEAU SOFTWARE INC | $48M | 604.6K | 3.09% | — | New |
| 9 | Z | ZILLOW GROUP INC | $46M | 1.7M | 2.97% | — | New |
| 10 | — | QUNAR CAYMAN IS LTD | $37M | 1.2M | 2.38% | +20.6% | Added |
| 11 | DAL | DELTA AIR LINES INC DEL | $34M | 763.5K | 2.19% | −18.6% | Trimmed |
| 12 | ZEN1EUR | ZENDESK INC | $24M | 1.2M | 1.51% | +242.9% | Added |
| 13 | ZG | ZILLOW GROUP INC | $23M | 801.8K | 1.47% | +105.2% | Added |
| 14 | WDAY | WORKDAY INC | $21M | 310.0K | 1.37% | +55.0% | Added |
| 15 | DWREEUR | DEMANDWARE INC | $21M | 400.0K | 1.32% | −16.7% | Trimmed |
| 16 | HUBS | HUBSPOT INC | $14M | 297.9K | 0.88% | −11.8% | Trimmed |
| 17 | AMZN | AMAZON COM INC | $10M | 20.0K | 0.65% | 0.0% | Held |
| 18 | — | ELONG INC | $8M | 481.6K | 0.52% | 0.0% | Held |
| 19 | BOX | BOX INC | $5M | 400.0K | 0.32% | — | New |
9 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 |
|---|---|---|---|
| CAR | AVIS BUDGET GROUP | $79M | 1.8M |
| META | FACEBOOK INC | $68M | 795.0K |
| TRIP | TRIPADVISOR INC | $52M | 600.0K |
| — | HERTZ GLOBAL HOLDINGS INC | $29M | 1.6M |
| FIVN | FIVE9 INC | $3M | 600.0K |
| ALGT | ALLEGIANT TRAVEL CO | $2M | 10.8K |
| — | MAKEMYTRIP LIMITED MAURITIUS | $1M | 73.3K |
| — | ORBITZ WORLDWIDE INC | $1M | 111.0K |
| URI | UNITED RENTALS INC | $701K | 8.0K |
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.