Brad Gerstner’s portfolio: Altimeter Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001541617Latest: Q2 2026
Q3 2017 filing in brief
In its Q3 2017 13F, filed November 14, 2017, Altimeter Capital reported $2.1B across 22 US positions. The largest: EXPE (30.6%), UAL (29.8%), DATA (12.7%), THE PRICELINE GROUP INC (10.7%), P (3.6%). In the quarter it opened 3 positions, sold out of 5, added to 4 and trimmed 3; positions opened and sold out came to 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 Nov 14, 2017
- 3 New
- 4 Added
- 3 Trimmed
- 5 Exited
22 positions at September 30, 2017. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | EXPE | EXPEDIA INC | $647M | 4.5M | 30.63% | 0.0% | Held |
| 2 | UAL | UNITED CONTINENTAL HOLDINGS | $630M | 10.3M | 29.80% | +0.4% | Held |
| 3 | DATA | TABLEAU SOFTWARE INC | $268M | 3.6M | 12.70% | 0.0% | Held |
| 4 | — | THE PRICELINE GROUP INC | $225M | 123.0K | 10.65% | 0.0% | Held |
| 5 | P | PURE STORAGE INC | $75M | 4.7M | 3.56% | 0.0% | Held |
| 6 | AMZN | AMAZON.COM INC | $49M | 50.8K | 2.31% | +1.6% | Added |
| 7 | YELP | YELP INC | $45M | 1.0M | 2.11% | +345.0% | Added |
| 8 | XYZ | SQUARE INC | $38M | 1.3M | 1.78% | 0.0% | Held |
| 9 | NFLX | NETFLIX INC | $35M | 195.6K | 1.68% | 0.0% | Held |
| 10 | TWLO | TWILIO INC | $22M | 727.8K | 1.03% | 0.0% | Held |
| 11 | ZG | ZILLOW GROUP INC | $15M | 368.1K | 0.70% | 0.0% | Held |
| 12 | PYPL | PAYPAL HOLDINGS INC | $13M | 200.0K | 0.61% | 0.0% | Held |
| 13 | CRM | SALESFORCE.COM INC | $12M | 130.0K | 0.57% | 0.0% | Held |
| 14 | GOOGL | ALPHABET INC | $7M | 7.5K | 0.35% | +17.2% | Added |
| 15 | UAL | UNITED CONTINENTAL HOLDINGScall option | $7M | 45.8K | 0.34% | — | New |
| 16 | BABA | ALIBABA GROUP HOLDING LTD | $6M | 31.9K | 0.26% | +24.1% | Added |
| 17 | MULEUSD | MULESOFT INC | $5M | 252.1K | 0.24% | — | New |
| 18 | — | TRIVAGO NV | $4M | 410.4K | 0.21% | — | New |
| 19 | ALK | ALASKA AIR GROUP INC | $4M | 50.0K | 0.18% | −94.8% | Trimmed |
| 20 | YELP | YELP INCcall option | $3M | 2.0K | 0.13% | −81.6% | Trimmed |
| 21 | OKTA | OKTA INC | $2M | 75.0K | 0.10% | 0.0% | Held |
| 22 | CVNA | CARVANA CO | $1M | 99.7K | 0.07% | −16.9% | Trimmed |
5 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 |
|---|---|---|---|
| CTRPUSD | CTRIP.COM INTERNATIONAL-ADR | $69M | 1.3M |
| DAL | DELTA AIR LINES INC | $46M | 863.5K |
| AAL | AMERICAN AIRLINES GROUP INC | $43M | 850.0K |
| TRIP | TRIPADVISOR Inc | $6M | 145.8K |
| CAR | AVIS BUDGET GROUP INC | $818K | 30.0K |
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.