Brad Gerstner’s portfolio: Altimeter Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001541617Latest: Q2 2026
Q1 2018 filing in brief
In its Q1 2018 13F, filed May 15, 2018, Altimeter Capital reported $2.0B across 26 US positions. The largest: UAL (40.3%), BKNG (17.9%), DATA (13.4%), EXPE (10.8%), P (4.2%). In the quarter it opened 9 positions, sold out of 9, added to 10 and trimmed 3; positions opened and sold out came to 37.7% 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, 2018
- 9 New
- 10 Added
- 3 Trimmed
- 9 Exited
26 positions at March 31, 2018. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | UAL | UNITED CONTINENTAL HOLDINGS | $812M | 11.7M | 40.26% | +4.9% | Added |
| 2 | BKNG | BOOKING HOLDINGS INC | $361M | 173.4K | 17.89% | — | New |
| 3 | DATA | TABLEAU SOFTWARE INC | $271M | 3.4M | 13.43% | +2.0% | Added |
| 4 | EXPE | EXPEDIA GROUP INC | $217M | 2.0M | 10.75% | −42.8% | Trimmed |
| 5 | P | PURE STORAGE INC | $84M | 4.2M | 4.16% | 0.0% | Held |
| 6 | AMZN | AMAZON.COM INC | $43M | 30.0K | 2.15% | −40.9% | Trimmed |
| 7 | YELP | YELP INC | $41M | 984.3K | 2.04% | +20.5% | Added |
| 8 | META | FACEBOOK INC | $32M | 200.3K | 1.59% | — | New |
| 9 | MSFT | MICROSOFT CORP | $24M | 260.0K | 1.18% | — | New |
| 10 | MULEUSD | MULESOFT INC | $18M | 400.0K | 0.87% | +45.5% | Added |
| 11 | CRM | SALESFORCE.COM INC | $17M | 145.0K | 0.84% | +38.1% | Added |
| 12 | GOOGL | ALPHABET INC | $17M | 16.1K | 0.83% | +215.7% | Added |
| 13 | BABA | ALIBABA GROUP HOLDING LTD | $16M | 89.3K | 0.81% | +131.2% | Added |
| 14 | TWLO | TWILIO INC | $13M | 350.0K | 0.66% | 0.0% | Held |
| 15 | SAVEEUR | SPIRIT AIRLINES INC | $9M | 225.0K | 0.42% | — | New |
| 16 | OKTA | OKTA INC | $8M | 200.0K | 0.40% | +33.3% | Added |
| 17 | — | TRIVAGO NV | $8M | 1.1M | 0.39% | +175.1% | Added |
| 18 | DBX | DROPBOX INC | $6M | 200.0K | 0.31% | — | New |
| 19 | — | TESLA INC | $5M | 5.0M | 0.25% | — | New |
| 20 | MDB | MONGODB INC | $4M | 100.0K | 0.22% | 0.0% | Held |
| 21 | BIDU | BAIDU INC | $4M | 18.0K | 0.20% | +130.8% | Added |
| 22 | TSLA | TESLA INCput option | $3M | 550 | 0.15% | −63.3% | Trimmed |
| 23 | W | WAYFAIR INC | $1M | 21.2K | 0.07% | — | New |
| 24 | DAL | DELTA AIR LINES INC | $1M | 20.0K | 0.05% | — | New |
| 25 | — | NORWEGIAN CRUISE LINE HOLDINGS | $1M | 20.0K | 0.05% | 0.0% | Held |
| 26 | IQ | IQIYI INC | $778K | 50.0K | 0.04% | — | 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 |
|---|---|---|---|
| — | THE PRICELINE GROUP INC | $214M | 123.0K |
| NFLX | NETFLIX INC | $38M | 195.6K |
| XYZ | SQUARE INC | $22M | 644.3K |
| PYPL | PAYPAL HOLDINGS INC | $15M | 200.0K |
| ALK | ALASKA AIR GROUP INC | $4M | 50.0K |
| YELP | YELP INCcall option | $2M | 2.0K |
| SAVEEUR | SPIRIT AIRLINES INCcall option | $2M | 2.3K |
| CRTO | CRITEO SA | $1M | 50.0K |
| CVNA | CARVANA CO | $455K | 23.8K |
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.