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Investors / Altimeter Capital
Brad Gerstner / Altimeter
$5.70B total AUM · $4.74B AI value · 83.2% AI concentration · NVDA-anchored pure-play AI-infra-ROI thesis
13F
20 positions · Q2 2026AI holdings · 16 tickers
$7.61B| # | Ticker | Company | Layer | Value | Shares | % of AUM | Entry quarter |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | $1.9B | 19.2% | ||||
| 2 | META | $763.3M | 7.8% | ||||
| 3 | TSM | $682.6M | 6.9% | ||||
| 4 | CRWV | $604.6M | 6.2% | ||||
| 5 | ARM | $582.2M | 5.9% | ||||
| 6 | AMZN | $578.1M | 5.9% | ||||
| 7 | SNOW | $490.2M | 5.0% | ||||
| 8 | MSFT | $473M | 4.8% | ||||
| 9 | QCOM | $347.9M | 3.5% | ||||
| 10 | SPCX | $303.5M | 3.1% | ||||
| 11 | MU | $241.8M | 2.5% | ||||
| 12 | AMAT | $189.4M | 1.9% | ||||
| 13 | KLAC | $174.5M | 1.8% | ||||
| 14 | LRCX | $170.8M | 1.7% | ||||
| 15 | GOOGL | $62.6M | 0.6% | ||||
| 16 | SNPS | $62.6M | 0.6% |
Other holdings · 4 tickers
$2.22B · non-AI| # | Ticker | Company | Value | Shares | % of AUM | Entry quarter |
|---|---|---|---|---|---|---|
| 17 | CUSIP:15675d103 | $1.6B | 16.2% | |||
| 18 | UBER | $532M | 5.4% | |||
| 19 | HOOD | $90.2M | 0.9% | |||
| 20 | GRABW | $151K | 0.0% |
This page covers Altimeter Capital Management LP's 13F-HR filings — Brad Gerstner's US-equity book, currently $5.70B AUM across 13 holdings. The AI universe filter surfaces $4.74B (83.2% AUM) across 8 positions spanning chip (NVDA/AVGO/TSM), models (META/MSFT), infrastructure (AMZN/CRWV), and data (SNOW).
NVDA is the anchor — $1.63B / 9.34M shares = 34.3% of the AI book. Gerstner's framing: NVIDIA is the toll booth of the AI infrastructure build-out, and the ROI clock on that infrastructure spend is what drives Altimeter's conviction in cloud and application names that monetize the compute.
CRWV (CoreWeave) is a notable position — Altimeter was an early backer in CoreWeave's private rounds before its 2025 IPO. The continued 13F position reflects ongoing conviction in hyperscale GPU-cloud as AI demand compounds.
13G/13D
1 active stakes · SEC ≥5% filings| Ticker | Company | Filing | Filing Date | % Stake | Shares | Value | Action | |
|---|---|---|---|---|---|---|---|---|
| CBRS | Cerebras Systems Inc | SC 13G | 2026-08-14 | 6.2% | 7.2M shares | — | NEW |
Per SEC rules, investors must disclose ≥5% positions within 5-10 days of crossing the threshold; this section reflects filings since the latest 13F.
Holdings Timeline
Include non-AI changes (209)
Q3 2023
Q4 2023
Q1 2024
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Q1 2026
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NVDA
ADD+32K
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META
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TSM
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CRWV
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ARM
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AMZN
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SNOW
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MSFT
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QCOM
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GOOGL
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AVGO
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TSLA
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CRM
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AAPL
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Not held
low → high position value
Hover any cell for share + value delta| Period | Action | Ticker | Δ Shares | Δ Value |
|---|---|---|---|---|
| Q2 2026 | TRIM | META | -598,383 | $-354.3M |
| Q2 2026 | NEW | QCOM | +1,882,490 | +$347.9M |
| Q2 2026 | TRIM | ARM | -73,468 | +$322.7M |
| Q2 2026 | NEW | SPCX | +1,776,485 | +$303.5M |
| Q2 2026 | ADD | CRWV | +1,574,620 | +$256M |
| Q2 2026 | ADD | NVDA | +77,550 | +$255.4M |
| Q2 2026 | NEW | MU | +209,520 | +$241.8M |
| Q2 2026 | ADD | TSM | +63,680 | +$221.1M |
| Q2 2026 | NEW | AMAT | +261,950 | +$189.4M |
| Q2 2026 | NEW | KLAC | +578,230 | +$174.5M |
| Q2 2026 | NEW | LRCX | +394,080 | +$170.8M |
| Q2 2026 | ADD | AMZN | +335,793 | +$142.9M |
| Q2 2026 | NEW | GOOGL | +175,180 | +$62.6M |
| Q2 2026 | NEW | SNPS | +140,343 | +$62.6M |
| Q2 2026 | ADD | MSFT | +84,450 | +$34.9M |
| Q2 2026 | DROP | AVGO | -67,094 | $-20.8M |
| Q1 2026 | NEW | ARM | +1,715,440 | +$259.5M |
| Q1 2026 | TRIM | MSFT | -93,720 | $-179.6M |
| Q1 2026 | DROP | GOOGL | -519,290 | $-162.5M |
| Q1 2026 | TRIM | SNOW | -101,354 | $-154.3M |
| Q1 2026 | ADD | CRWV | +1,285,845 | +$118.4M |
| Q1 2026 | ADD | NVDA | +1,236,266 | +$117.6M |
| Q1 2026 | ADD | META | +108,005 | $-100.5M |
| Q1 2026 | ADD | TSM | +146,448 | +$91M |
| Q1 2026 | TRIM | AMZN | -126,102 | $-76.2M |
| Q1 2026 | DROP | BE | -260,730 | $-22.7M |
| Q1 2026 | ADD | AVGO | +34,965 | +$9.6M |
| Q4 2025 | TRIM | AVGO | -712,647 | $-234.6M |
| Q4 2025 | NEW | CRWV | +3,213,230 | +$230.1M |
| Q4 2025 | DROP | BABA | -969,100 | $-173.2M |
| Q4 2025 | TRIM | META | -20,570 | $-152.2M |
| Q4 2025 | DROP | SNPS | -258,280 | $-127.4M |
| Q4 2025 | TRIM | SNOW | -400,780 | $-102.9M |
| Q4 2025 | ADD | GOOGL | +206,158 | +$86.4M |
| Q4 2025 | ADD | NVDA | +454,875 | +$84.2M |
| Q4 2025 | ADD | TSM | +150,550 | +$72M |
| Q4 2025 | ADD | AMZN | +48,186 | +$35.5M |
| Q4 2025 | NEW | BE | +260,730 | +$22.7M |
| Q4 2025 | ADD | MSFT | +115,260 | +$15.8M |
| Q4 2025 | DROP | NTSK | -325,000 | $-7.4M |
| Q3 2025 | NEW | AVGO | +744,776 | +$245.7M |
| Q3 2025 | NEW | BABA | +969,100 | +$173.2M |
| Q3 2025 | ADD | AMZN | +702,611 | +$154.5M |
| Q3 2025 | NEW | SNPS | +258,280 | +$127.4M |
| Q3 2025 | TRIM | NVDA | -607,262 | +$122.6M |
| Q3 2025 | DROP | IOT | -2,990,578 | $-119M |
| Q3 2025 | DROP | DDOG | -881,730 | $-118.4M |
| Q3 2025 | ADD | TSM | +201,468 | +$102.1M |
| Q3 2025 | TRIM | SNOW | -397,246 | $-84.6M |
| Q3 2025 | NEW | GOOGL | +313,132 | +$76.1M |
| Q3 2025 | ADD | MSFT | +103,971 | +$75.6M |
| Q3 2025 | TRIM | META | -11,363 | $-15.3M |
| Q3 2025 | NEW | NTSK | +325,000 | +$7.4M |
| Q3 2025 | ADD | ARM | +164,931 | +$4.4M |
| Q2 2025 | ADD | NVDA | +1,101,683 | +$528.8M |
| Q2 2025 | ADD | META | +41,665 | +$327.6M |
| Q2 2025 | TRIM | SNOW | -121,754 | +$201.5M |
| Q2 2025 | NEW | TSM | +867,209 | +$196.4M |
| Q2 2025 | ADD | MSFT | +83,041 | +$160.3M |
| Q2 2025 | ADD | ARM | +757,608 | +$132.2M |
| Q2 2025 | ADD | AMZN | +419,708 | +$122.5M |
| Q2 2025 | NEW | IOT | +2,990,578 | +$119M |
| Q2 2025 | NEW | DDOG | +881,730 | +$118.4M |
| Q2 2025 | DROP | ALAB | -981,697 | $-58.6M |
| Q2 2025 | DROP | RBRK | -832,003 | $-50.7M |
| Q2 2025 | TRIM | CRWV | -2,350,000 | $-5.3M |
| Q1 2025 | TRIM | SNOW | -2,030,926 | $-337.9M |
| Q1 2025 | TRIM | NVDA | -695,292 | $-278.6M |
| Q1 2025 | DROP | TSLA | -355,130 | $-143.4M |
| Q1 2025 | NEW | CRWV | +2,999,536 | +$111.2M |
| Q1 2025 | DROP | CRM | -271,725 | $-90.8M |
| Q1 2025 | NEW | BABA | +540,370 | +$71.5M |
| Q1 2025 | TRIM | RBRK | -810,095 | $-56.6M |
| Q1 2025 | TRIM | MSFT | -18,400 | $-52.7M |
| Q1 2025 | DROP | MU | -614,595 | $-51.7M |
| Q1 2025 | TRIM | META | -6,550 | $-20.6M |
| Q1 2025 | ADD | ALAB | +397,267 | $-18.8M |
| Q1 2025 | NEW | ARM | +175,600 | +$18.8M |
| Q1 2025 | ADD | AMZN | +173,930 | +$7.7M |
| Q4 2024 | TRIM | MSFT | -592,420 | $-263.7M |
| Q4 2024 | TRIM | SNOW | -3,669,649 | $-224.6M |
| Q4 2024 | TRIM | META | -421,815 | $-217.4M |
| Q4 2024 | ADD | NVDA | +49,180 | +$106.8M |
| Q4 2024 | ADD | ALAB | +184,430 | +$56.5M |
| Q4 2024 | ADD | GOOGL | +205,660 | +$54.4M |
| Q4 2024 | TRIM | RBRK | -6,500 | +$54.3M |
| Q4 2024 | NEW | MU | +614,595 | +$51.7M |
| Q4 2024 | TRIM | CRM | -186,010 | $-34.4M |
| Q4 2024 | TRIM | TSLA | -307,270 | $-29.9M |
| Q4 2024 | TRIM | AMZN | -31,065 | +$23M |
| Q4 2024 | TRIM | TSM | -14,910 | +$9.4M |
| Q4 2024 | ADD | IOT | +5,215 | $-6.2M |
| Q3 2024 | TRIM | SNOW | -902,787 | $-296.9M |
| Q3 2024 | NEW | TSLA | +662,400 | +$173.3M |
| Q3 2024 | TRIM | META | -28,660 | +$140M |
| Q3 2024 | TRIM | AMZN | -532,040 | $-109.1M |
| Q3 2024 | NEW | TSM | +519,290 | +$90.2M |
| Q3 2024 | NEW | AVGO | +396,895 | +$68.5M |
| Q3 2024 | DROP | DELL | -493,940 | $-68.1M |
| Q3 2024 | DROP | AAPL | -271,370 | $-57.2M |
| Q3 2024 | ADD | RBRK | +1,473,598 | +$47.6M |
| Q3 2024 | TRIM | MSFT | -39,740 | $-44.2M |
| Q3 2024 | ADD | IOT | +637,273 | +$42.4M |
| Q3 2024 | ADD | CRM | +94,145 | +$31.8M |
| Q3 2024 | TRIM | GOOGL | -12,885 | $-13.1M |
| Q3 2024 | ADD | NVDA | +55,779 | $-9.5M |
| Q2 2024 | TRIM | SNOW | -730,343 | $-371.2M |
| Q2 2024 | TRIM | NVDA | -190,640 | +$239.6M |
| Q2 2024 | NEW | CRM | +363,590 | +$93.5M |
| Q2 2024 | ADD | GOOGL | +388,100 | +$79.6M |
| Q2 2024 | NEW | AAPL | +271,370 | +$57.2M |
| Q2 2024 | TRIM | MSFT | -24,230 | +$32.4M |
| Q2 2024 | NEW | IOT | +815,660 | +$27.5M |
| Q2 2024 | DROP | COHR | -428,270 | $-26M |
| Q2 2024 | ADD | DELL | +4,690 | +$12.3M |
| Q2 2024 | TRIM | META | -64,740 | +$11.3M |
| Q2 2024 | NEW | RBRK | +175,000 | +$5.4M |
| Q2 2024 | TRIM | AMZN | -72,975 | +$5.3M |
| Q1 2024 | TRIM | SNOW | -2,143,855 | $-811.1M |
| Q1 2024 | TRIM | NVDA | -6,515 | +$320.6M |
| Q1 2024 | TRIM | META | -47,380 | +$293.5M |
| Q1 2024 | ADD | AMZN | +252,585 | +$81.2M |
| Q1 2024 | TRIM | MSFT | -3,090 | +$72.6M |
| Q1 2024 | ADD | TSLA | +433,030 | +$64.7M |
| Q1 2024 | NEW | DELL | +489,250 | +$55.8M |
| Q1 2024 | NEW | AVGO | +39,610 | +$52.5M |
| Q1 2024 | NEW | GOOGL | +286,430 | +$43.2M |
| Q1 2024 | NEW | ALAB | +400,000 | +$29.7M |
| Q1 2024 | NEW | COHR | +428,270 | +$26M |
| Q4 2023 | TRIM | SNOW | -2,975,190 | +$119.9M |
| Q4 2023 | ADD | NVDA | +27,450 | +$60.1M |
| Q4 2023 | NEW | TSLA | +156,670 | +$38.9M |
| Q3 2023 | ADD | SNOW | +30,675 | $-352M |
| Q3 2023 | ADD | AMZN | +848,190 | +$106.5M |
| Q3 2023 | ADD | META | +176,905 | +$82.6M |
| Q3 2023 | ADD | NVDA | +31,640 | +$22.6M |
| Q3 2023 | ADD | MSFT | +119,825 | $-172K |
| Q2 2023 | TRIM | GOOGL | -1,049,150 | $-107.5M |
| Q2 2023 | NEW | AMZN | +406,530 | +$53M |
| Q2 2023 | DROP | GTLB | -611,206 | $-21M |
| Q1 2023 | ADD | META | +233,400 | +$232.2M |
| Q1 2023 | ADD | NVDA | +297,900 | +$141M |
| Q1 2023 | NEW | GOOGL | +1,134,900 | +$117.7M |
| Q4 2022 | TRIM | SNOW | -1,632,337 | $-683.5M |
| Q4 2022 | TRIM | META | -352,500 | $-78.4M |
| Q4 2022 | NEW | NVDA | +442,670 | +$64.7M |
| Q4 2022 | DROP | MDB | -92,610 | $-18.4M |
| Q4 2022 | DROP | PATH | -240,864 | $-3M |
| Q3 2022 | TRIM | MSFT | -230,000 | $-95.8M |
| Q3 2022 | TRIM | META | -111,800 | $-78M |
| Q3 2022 | TRIM | MDB | -175,200 | $-51.1M |
| Q3 2022 | NEW | TSLA | +173,000 | +$45.9M |
| Q3 2022 | TRIM | GTLB | -350,000 | $-19.8M |
| Q2 2022 | ADD | SNOW | +15,846,183 | +$2.2B |
| Q2 2022 | DROP | U | -2,098,175 | $-300M |
| Q2 2022 | ADD | META | +108,776 | $-126.1M |
| Q2 2022 | TRIM | PATH | -8,034,136 | $-67.2M |
| Q2 2022 | TRIM | MDB | -40,190 | $-67.1M |
| Q2 2022 | DROP | CRWD | -10,000 | $-2.3M |
| Q1 2022 | TRIM | SNOW | -15,846,183 | $-5.6B |
| Q1 2022 | TRIM | CRWD | -960,000 | $-196.3M |
| Q1 2022 | ADD | PATH | +5,270,194 | $-58M |
| Q1 2022 | ADD | GTLB | +611,206 | $-31.3M |
| Q1 2022 | ADD | MDB | +58,000 | +$4.3M |
| Q4 2021 | TRIM | SNOW | -4,035,537 | $-603M |
| Q4 2021 | TRIM | META | -1,403,400 | $-483.4M |
| Q4 2021 | NEW | MDB | +250,000 | +$132.3M |
| Q4 2021 | NEW | GTLB | +350,000 | +$83.6M |
| Q4 2021 | ADD | PATH | +16 | $-28.5M |
| Q4 2021 | NEW | IOT | +800,000 | +$22.5M |
| Q3 2021 | TRIM | SNOW | -3,914,255 | +$329M |
| Q3 2021 | TRIM | PATH | -1,364,697 | $-138.7M |
| Q3 2021 | DROP | DOCN | -650,000 | $-36.1M |
| Q2 2021 | TRIM | SNOW | -7,269,492 | $-1.4B |
| Q2 2021 | NEW | PATH | +4,369,487 | +$296.8M |
| Q2 2021 | TRIM | U | -1,448,368 | $-125.3M |
| Q2 2021 | TRIM | BABA | -100,000 | $-22.6M |
| Q1 2021 | TRIM | CRM | -1,511,734 | $-351.9M |
| Q1 2021 | ADD | MSFT | +225,000 | +$73.6M |
| Q1 2021 | NEW | AAPL | +424,500 | +$51.9M |
| Q1 2021 | ADD | BABA | +152,000 | +$27.9M |
| Q1 2021 | NEW | DOCN | +650,000 | +$27.4M |