Brad Gerstner's Altimeter Capital disclosed a new $241.85 million stake in memory chipmaker Micron Technology. According to the firm's quarterly report filed with the SEC on August 14, the position consisted of over 209,000 shares. It's important to note that these 13F filings reflect trades made in the prior quarter, which ended June 30, 2026.
The investment aligns with public comments Gerstner made in May 2026, where he stated, "we own compute we own logic we own memory. the substrate of AI." He described the memory industry as trading at very low multiples and suggested the sector could become less of a "boom and bust" business. The new stake was part of a broader move into semiconductor stocks for Altimeter during the second quarter.