Gerstner's Fund Exits Google, Invests in Arm Holdings and Axon Enterprise
What happened
Brad Gerstner's Altimeter Capital fully exited its entire holdings in Google in the first quarter of 2026, according to a filing made on May 15, 2026. The fund liquidated its 519,290-share position in Google. In replacement trades, Altimeter opened new positions in Arm Holdings and Axon Enterprise. The fund's portfolio stood at $5.7 billion as of March 31, 2026.
From aol.com
Why it matters
The shift signals a rotation away from large-cap companies toward specific AI infrastructure plays. While Google reported 82% year-over-year quarterly earnings growth and 38% profit margins, the fund's move suggests a strategic reassessment of high-capital expenditure companies.
From aol.com
Who's involved
- GoogleCompany whose shares were sold by Gerstner's fund.
- Armidale Regional AirportTarget of new investment from Gerstner's fund.
- Axon EnterpriseTarget of new investment from Gerstner's fund.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Armidale Regional AirportSpeculative
The company could experience increased investor interest due to major institutional capital inflows.
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The entities involved
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Armidale Regional Airport
airport in Armidale, New South Wales, Australia
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Google
American multinational technology company, a subsidiary of Alphabet Inc.
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CoreWeave
American cloud computing company
Related events
- Armidale Regional Airport, Broadcom, Intel, and Google are key players in a partnership and competition regarding AI infrastructure projects.
- Amazon and Google are gaining momentum in AI platforms, fueled by continued infrastructure investment.
- AMD is competing in the AI CPU market.
- CoreWeave and Cerebras Systems Inc. are competing in the AI infrastructure market.
- CoreWeave is leveraging the AI boom to drive business growth within the AI infrastructure market.