In a notable reversal, Brad Gerstner's Altimeter Capital sold its entire stake in Axon Enterprise during the second quarter of 2026. The position consisted of nearly 149,000 shares, valued at approximately $63.27 million at the end of the prior quarter. This exit is particularly striking as Altimeter had just initiated this position during the first quarter of 2026, making it a very short-term holding for the tech-focused investment firm.
This trade was disclosed in a quarterly 13F filing with the SEC on August 14, 2026, which details holdings as of June 30. These filings are backward-looking and do not reflect real-time trading activity. The firm has not publicly commented on its specific reasons for selling the position so quickly after acquiring it.