Filing Details

Accession Number:
0001541617-23-000001
Form Type:
13G Filing
Publication Date:
2023-01-08 19:00:00
Filed By:
Altimeter Capital Management
Company:
Snowflake Inc. (NYSE:SNOW)
Filing Date:
2023-01-09
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Altimeter Capital Management 0 15,369,459 0 15,369,459 15,369,459 4.78%
Altimeter Capital Management General Partner 0 15,369,459 0 15,369,459 15,369,459 4.78%
Brad Gerstner 2,710,294 15,369,459 2,710,294 15,369,459 18,079,753 5.62%
Filing

SCHEDULE 13G (Amendment No. 3)* Under the Securities Exchange Act of 1934 Snowflake Inc. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 833445109 (CUSIP Number) Altimeter Capital Management, LP, One International Place, Suite 4610, Boston, MA 02110 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 29, 2022 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [] Rule 13d-1(b) [x] Rule 13d-1(c) [] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 833445109 13G Page 2 of 8 Pages1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Altimeter Capital Management, LP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER -0- shares 6. SHARED VOTING POWER 15,369,459 7. SOLE DISPOSITIVE POWER -0- shares 8. SHARED DISPOSITIVE POWER 15,369,459 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,369,459 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.78% 12. TYPE OF REPORTING PERSON (see instructions) IA, PNCUSIP No. 833445109 13G Page 3 of 8 Pages1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Altimeter Capital Management General Partner, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER -0- shares 6. SHARED VOTING POWER 15,369,459 7. SOLE DISPOSITIVE POWER -0- shares 8. SHARED DISPOSITIVE POWER 15,369,459 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,369,459 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.78% 12. TYPE OF REPORTING PERSON (see instructions) OO1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Brad Gerstner 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 2,710,294 6. SHARED VOTING POWER 15,369,459 7. SOLE DISPOSITIVE POWER 2,710,294 8. SHARED DISPOSITIVE POWER 15,369,459 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,079,753 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.62% 12. TYPE OF REPORTING PERSON (see instructions) INCUSIP No. 833445109 13G Page 5 of 8 Pages Item 1. (a) Name of Issuer Snowflake Inc. (the "Issuer")(b) Address of Issuer's Principal Executive Offices 450 Concar Drive, San Mateo, CA 94402 Item 2. (a) Name of Person Filing This Amendment No. 4 to the Schedule 13G (this "Amendment") is being filed on behalf of Altimeter Capital Management General Partner LLC (the "General Partner"), Altimeter Capital Management, LP (the "Investment Manager"), and Brad Gerstner, who are collectively referred to as the "Reporting Persons." Mr. Gerstner is the sole managing principal of the General Partner and the Investment Manager. The General Partner is the sole general partner of the Investment Manager, which is the investment manager of the Fund. This Amendment modifies the amended Schedule 13G filed with the Securities and Exchange Commission on June 10, 2021. The Reporting Persons have entered into a Joint Filing Agreement, dated as of the date hereof, a copy of which is filed with this Schedule 13G as Exhibit 1 (which is incorporated herein by reference), pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k) under the Act.(c) Citizenship Each of the Investment Manager and the Fund are a Delaware limited partnership. The General Partner is a Delaware limited liability company. Mr. Gerstner is a United States citizen.(d) Title of Class of Securities Class A Common Stock, par value $0.0001 per share(e) CUSIP Number 833445109 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).CUSIP No. 833445109 13G Page 6 of 8 Pages (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. The beneficial ownership of each Reporting Person of shares of Common Stock ("Common Stock") as of December 29, 2022 is as follows: (i) each of the General Partner (as the general partner of the Investment Manager) and the Investment Manager (as the investment manager of the Fund) beneficially owns 15,369,459 shares of Common Stock, representing approximately 4.78% of such class of security; and (iv) Mr. Gerstner (as the sole managing principal of the General Partner, the Investment Manager and the Fund General Partner and direct ownership) beneficially owns 18,079,753 shares of Common Stock representing 5.62% of such class security. All ownership percentages of the securities reported herein are based upon a total of 321,600,000 shares of Common Stock shares outstanding as of January 5, 2023. Some of the shares reported herein for the General Partner, the Investment Manager and Mr. Gerstner represent shares of Class A Common Stock beneficially owned and held of record by the Fund and several private funds (collectively, the "Altimeter Entities") for which the Investment Manager serves as the investment manager. The General Partner serves as the sole general partner of the Investment Manager. Shares reported herein for Mr. Gerstner represent shares of Class A Common Stock either beneficially owned and held of record by the Altimeter Entities or held directly. Mr. Gerstner is the sole managing principal of the General Partner, the Investment Manager and the Fund General Partner. Shares reported herein for the Fund General Partner represent shares of Class A Common Stock either beneficially owned and held of record by the Fund or held directly. For the total amount of shares reported herein, 18,079,753 of such shares represents shares of Class A Common Stock beneficially owned and held of record by one of the Altimeter Entities. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.(b) Percent of class: Altimeter Capital Management General Partner LLC - 4.78% Altimeter Capital Management, LP -4.78% Brad Gerstner - 5.62%(c) Number of shares as to which the person has:(i) Sole power to vote or to direct the vote Altimeter Capital Management General Partner LLC -0- Altimeter Capital Management, LP -0- Brad Gerstner - 2,710,294 shares(ii) Shared power to vote or to direct the vote Altimeter Capital Management General Partner LLC - 15,369,459 shares Altimeter Capital Management, LP - 15,369,459 shares Brad Gerstner - 18,079,753 sharesItem 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting persons, Altimeter Capital Management General Partner, LLC and Altimeter Capital Management, LP, have ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [X]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable.EXHIBIT I JOINT FILING AGREEMENT This Joint Filing Agreement dated January 6 2023 is by and among Altimeter Capital Management General Partner LLC, a Delaware limited liability company, Altimeter Capital Management, LP, a Delaware limited partnership, and Brad Gerstner, an individual (the foregoing are collectively referred to herein as the "Filers"). Each of the Filers may be required to file with the United States Securities and Exchange Commission a statement on Schedule 13G with respect to shares of Class A Common Stock of Snowflake Inc., beneficially owned by them from time to time. Pursuant to and in accordance with Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement on Schedule 13G (and any amendments thereto) on behalf of each of such parties, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule. This Joint Filing Agreement may be terminated by any of the Filers upon one week's prior written notice or such lesser period of notice as the Filers may mutually agree. Executed and delivered as of the date first above written. ALTIMETER CAPITAL MANAGEMENT GENERAL PARTNER LLC By: /s/ Mara Davis Mara Davis, Chief Compliance Officer ALTIMETER CAPITAL MANAGEMENT, LP By: /s/ Mara Davis Mara Davis, Chief Compliance Officer BRAD GERSTNER By: /s/ Brad Gerstner Brad Gerstner, individually