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Palestra Capital Management Portfolio holdings
AUM
$2.57B
1-Year Est. Return
29.93%
This Fund
S&P 500
This Quarter
Est. Return
+12.21%
1 Year Est. Return
+29.93%
3 Year Est. Return
+164.38%
5 Year Est. Return
+171.56%
10 Year Est. Return
+984.02%
AUM
$1.21B
AUM Growth
+$433M
(+56%)
Cap. Flow
+$332M
Cap. Flow
% of AUM
27.36%
Top 10 Holdings %
Top 10 Hldgs %
44.38%
Holding
39
New
11
Increased
16
Reduced
3
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
APC
Anadarko Petroleum
APC
|
+$44.2M |
| 2 |
LPL Financial
LPLA
|
+$40.6M |
| 3 |
Mohawk Industries
MHK
|
+$36.3M |
| 4 |
Zebra Technologies
ZBRA
|
+$34.8M |
| 5 |
Cadence Design Systems
CDNS
|
+$34.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Rentals
URI
|
+$32.7M |
| 2 |
Lowe's Companies
LOW
|
+$29.5M |
| 3 |
eBay
EBAY
|
+$28.6M |
| 4 |
Adobe
ADBE
|
+$26.8M |
| 5 |
NXP Semiconductors
NXPI
|
+$26.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 17.42% |
| 2 | Industrials | 13.43% |
| 3 | Financials | 12.33% |
| 4 | Communication Services | 12.19% |
| 5 | Technology | 10.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GNC
26
DELISTED
GNC Holdings, Inc.
GNC
| $29.6M | 2.44% |
868,700
+406,700
| +88% | +$16.2M |
|
27
Group 1 Automotive
GPI
$3.42B
| $28.2M | 2.33% |
+334,800
| New | +$25M |
|
|
OPLN
28
Openlane
OPLN
$4.21B
| $26.1M | 2.16% |
2,165,476
-2,016,638
| -48% | -$23.3M |
|
|
ADT
29
CALL
DELISTED
ADT Corp
ADT
| $10.5M | 0.86% |
+300,000
| New | +$9.62M |
|
30
CALL
C.H. Robinson
CHRW
$17.4B
| $10.2M | 0.84% |
+160,000
| New | +$9.4M |
|
|
31
Adobe
ADBE
$99.5B
| – | – |
-406,958
| Closed | -$26.8M |
|
|
32
eBay
EBAY
$50.6B
| – | – |
-1,231,032
| Closed | -$28.6M |
|
33
Herbalife
HLF
$1.29B
| – | – |
-822,000
| Closed | -$23.5M |
|
|
34
Lowe's Companies
LOW
$117B
| – | – |
-602,300
| Closed | -$29.5M |
|
|
35
NXP Semiconductors
NXPI
$57.8B
| – | – |
-447,254
| Closed | -$26.3M |
|
36
Snap-on
SNA
$21.2B
| – | – |
-198,000
| Closed | -$22.5M |
|
|
37
United Rentals
URI
$67.2B
| – | – |
-344,200
| Closed | -$32.7M |
|
|
WWE
38
DELISTED
World Wrestling Entertainment
WWE
| – | – |
-302,449
| Closed | -$8.73M |
|
|
TFCFA
39
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| – | – |
-53,051
| Closed | -$1.7M |
|
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Palestra Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Palestra Capital Management held 39 positions worth $1.21B, up 56% from $779M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Palestra Capital Management deployed $332M of net new capital in Q2 2014, opening 11 new positions and adding to 16 existing holdings. Its largest new stake was Anadarko Petroleum: 434,500 shares worth $47.6M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 17% of assets, down from 22% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Openlane, an estimated $23.3M trimmed.
- Palestra Capital Management's largest Q2 2014 buy was Anadarko Petroleum: 434,500 shares worth $47.6M.
- Palestra Capital Management added most to Monsanto Co in Q2 2014, an estimated $28.4M increase.
- Palestra Capital Management's biggest Q2 2014 reduction was Openlane, cutting an estimated $23.3M.
- Palestra Capital Management fully exited United Rentals in Q2 2014, selling an estimated $32.7M.
- Palestra Capital Management's ten largest holdings make up 44% of its $1.21B portfolio in Q2 2014.
- Palestra Capital Management opened 11 new positions and closed 9 in Q2 2014.
- Palestra Capital Management's portfolio value rose 56% quarter-over-quarter to $1.21B.
Based on Palestra Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.