Brad Gerstner’s portfolio: Altimeter Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001541617Latest: Q2 2026
Q4 2015 filing in brief
In its Q4 2015 13F, filed February 12, 2016, Altimeter Capital reported $1.8B across 20 US positions. The largest: UAL (33.4%), EXPE (20.8%), ROYAL CARIBBEAN CRUISES LTD (6.9%), ALK (5.0%), PRICELINE GRP INC (5.0%). In the quarter it opened 1 position, sold out of 0, added to 7 and trimmed 5; positions opened and sold out came to 1.8% 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 12, 2016
- 1 New
- 7 Added
- 5 Trimmed
- 0 Exited
20 positions at December 31, 2015. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | UAL | UNITED CONTL HLDGS INC | $610M | 10.7M | 33.42% | +14.5% | Added |
| 2 | EXPE | EXPEDIA INC DEL | $379M | 3.0M | 20.76% | +1.6% | Added |
| 3 | — | ROYAL CARIBBEAN CRUISES LTD | $126M | 1.2M | 6.88% | 0.0% | Held |
| 4 | ALK | ALASKA AIR GROUP INC | $91M | 1.1M | 4.97% | 0.0% | Held |
| 5 | — | PRICELINE GRP INC | $90M | 71.0K | 4.96% | 0.0% | Held |
| 6 | DATA | TABLEAU SOFTWARE INC | $84M | 886.4K | 4.57% | +46.6% | Added |
| 7 | CTRPUSD | CTRIP COM INTL LTD | $82M | 1.8M | 4.50% | +100.0% | Added |
| 8 | — | QUNAR CAYMAN IS LTD | $80M | 1.6M | 4.40% | +27.2% | Added |
| 9 | AAL | AMERICAN AIRLS GROUP INC | $49M | 1.2M | 2.71% | −43.9% | Trimmed |
| 10 | DAL | DELTA AIR LINES INC DEL | $39M | 763.5K | 2.12% | 0.0% | Held |
| 11 | Z | ZILLOW GROUP INC | $36M | 1.5M | 1.96% | −11.5% | Trimmed |
| 12 | P | PURE STORAGE INC | $31M | 2.0M | 1.71% | — | New |
| 13 | DWREEUR | DEMANDWARE INC | $27M | 500.0K | 1.48% | +25.0% | Added |
| 14 | WDAY | WORKDAY INC | $22M | 280.0K | 1.22% | −9.7% | Trimmed |
| 15 | ZG | ZILLOW GROUP INC | $21M | 801.8K | 1.14% | 0.0% | Held |
| 16 | HUBS | HUBSPOT INC | $17M | 297.9K | 0.92% | 0.0% | Held |
| 17 | AMZN | AMAZON COM INC | $14M | 20.0K | 0.74% | 0.0% | Held |
| 18 | ZEN1EUR | ZENDESK INC | $13M | 500.0K | 0.72% | −58.3% | Trimmed |
| 19 | — | ELONG INC | $8M | 443.1K | 0.42% | −8.0% | Trimmed |
| 20 | BOX | BOX INC | $7M | 533.5K | 0.41% | +33.4% | Added |
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.