Altimeter Capital Management, LP
Long book
$5.70B
Q1 2026
Positions
13
Top-10 weight
99%
concentration
Last quarter
+18.3%
SPY +14.8%
Turnover
45%
of book per quarter
Strategy in plain words
auto-generated from filingsAltimeter Capital Management, LP is a concentrated fundamental stock-picker, specialised in technology (80% of the long book), running a $5.70B US long book across 13 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, META PLATFORMS INC-CLASS A, UBER TECHNOLOGIES INC, TAIWAN SEMICONDUCTOR-SP ADR, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.9pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.1%
Q2 2024
-0.2%
Q3 2024
+7.5%
Q4 2024
-8.6%
Q1 2025
+41.8%
Q2 2025
+6.9%
Q3 2025
-6.7%
Q4 2025
-12.7%
Q1 2026
+18.3%
Sector allocation
Technology 77%
Services media 12%
Consumer discretionary 9%
Industrials 1%
Financials 1%
Long book by quarter
What does Altimeter Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 9.3M | $1.63B | 28.6% | +15.3% |
| META META PLATFORMS INC-CLASS A | Technology | 2.0M | $1.12B | 19.6% | +5.9% |
| UBER UBER TECHNOLOGIES INC | Services media | 8.0M | $573.4M | 10.1% | +42.6% |
| MSFT MICROSOFT CORP | Technology | 1.2M | $438.1M | 7.7% | -7.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.1M | $435.2M | 7.6% | -5.7% |
| CRWV COREWEAVE INC-CL A | Technology | 4.5M | $348.5M | 6.1% | +40.0% |
| SNOW SNOWFLAKE INC | Technology | 1.9M | $290.5M | 5.1% | -5.0% |
| AXON AXON ENTERPRISE INC | Industrials | 149.0K | $63.3M | 1.1% | New |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 899.7K | $62.3M | 1.1% | -30.4% |
| AVGO BROADCOM INC | Technology | 67.1K | $20.8M | 0.4% | +108.8% |
| GRAB GRAB HOLDINGS LIMITED | Services media | 3.5M | $263K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 13 | $5.70B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 18 | $6.66B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 23 | $7.58B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 18 | $6.93B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 22 | $4.97B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 24 | $5.55B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 23 | $6.75B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 20 | $6.73B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 17 | $6.51B | canonical | SEC ↗ |