MANAGERMONDAYALTIMETER CAPITAL MANAGEMENT

BRADGERSTNER

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...and has earned investors a 305% return -

outperforming S&P 500 & MCSI World benchmarks.

Altimeter Capital Management’s Brad Gerstner's travel tech-focused fund hasoutperformed since inception

By decreasing positions, Altimeter Capital created a concentrated fund profile...

... with the Top 10 Securities Representing Over 90% of the Portfolio.

In turn, Altimeter Capital maintained a high level of 30-day liquidity and...

...shifted from Mid-Cap names to Large-Cap names.

Top 3 Positions in 2015

Top 3 Positions in 2012

Median Market Capitalization

Let's take a closer look at Altimeter Capital's portfolio...

With 10 positions in Travel &\or Travel Technology, or 86.6% of the fund,

Gerstner focused on doing what he does best - picking great stocks -while still keeping small positions in software companies.

Over the lifetime of the fund, Gerstner has added an additional 82% -

Out-performing through position sizing against an equally weighted portfolio.

Attribution Heatmap - Altimeter Capital

United Continental Holdings: Positions since Inception

Win\Loss by Sector