Brad Gerstner's Altimeter Capital disclosed a new position in Qualcomm (QCOM) valued at approximately $347.87 million. According to its quarterly 13F filing, the tech-focused investment firm purchased 1.88 million shares of the semiconductor and wireless technology giant. The new stake represents 3.54% of Altimeter's reported public equity portfolio.
This filing reflects holdings as of June 30, 2026, meaning the trades occurred during the second quarter. The investment comes as Qualcomm pushes a significant diversification strategy, expanding into AI, data centers, and automotive sectors to complement its core handset business. Altimeter's move aligns with its broader strategy of investing in what Gerstner calls companies "positively correlated to improvements in intelligence."