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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
+6.81%
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
$1.14B
AUM Growth
-$8.3M
(-0.72%)
Cap. Flow
-$68.5M
Cap. Flow
% of AUM
-6.02%
Top 10 Holdings %
Top 10 Hldgs %
46.37%
Holding
37
New
9
Increased
7
Reduced
12
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OPLN
Openlane
OPLN
|
+$51M |
| 2 |
Liberty Global Class C
LBTYK
|
+$47.2M |
| 3 |
United Airlines
UAL
|
+$46.4M |
| 4 |
SS&C Technologies
SSNC
|
+$45M |
| 5 |
Dollar Tree
DLTR
|
+$43.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Global Class A
LBTYA
|
+$55.2M |
| 2 |
American Airlines Group
AAL
|
+$50.9M |
| 3 |
Cadence Design Systems
CDNS
|
+$40M |
| 4 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$38.4M |
| 5 |
Allegion
ALLE
|
+$37.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.75% |
| 2 | Communication Services | 16.26% |
| 3 | Industrials | 11.04% |
| 4 | Technology | 9.75% |
| 5 | Financials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ANDV
26
DELISTED
Andeavor
ANDV
| $21M | 1.85% |
230,066
-360,934
| -61% | -$30.3M |
|
27
Liberty Broadband Class C
LBRDK
$5.15B
| $16.8M | 1.47% |
+296,428
| New | +$15M |
|
28
Brookdale Senior Living
BKD
$3.4B
| $11.9M | 1.05% |
+315,500
| New | +$11.6M |
|
|
29
American Airlines Group
AAL
$10.6B
| – | – |
-949,800
| Closed | -$50.9M |
|
|
30
Allegion
ALLE
$14.4B
| – | – |
-678,690
| Closed | -$37.6M |
|
31
Air Products & Chemicals
APD
$67.6B
| – | – |
-269,601
| Closed | -$36M |
|
|
32
Cadence Design Systems
CDNS
$93.4B
| – | – |
-2,110,666
| Closed | -$40M |
|
33
Comcast
CMCSA
$90B
| – | – |
-1,258,664
| Closed | -$36.5M |
|
|
34
Liberty Global Class A
LBTYA
$3.6B
| – | – |
-1,332,502
| Closed | -$55.2M |
|
|
CDK
35
DELISTED
CDK Global, Inc.
CDK
| – | – |
-801,283
| Closed | -$32.7M |
|
|
TFCF
36
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| – | – |
-1,041,845
| Closed | -$38.4M |
|
|
CHL
37
DELISTED
China Mobile Limited
CHL
| – | – |
-593,200
| Closed | -$34.9M |
|
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Palestra Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Palestra Capital Management held 37 positions worth $1.14B, down 0.72% from $1.15B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Palestra Capital Management withdrew a net $68.5M in Q1 2015, closing 9 positions and reducing 12 holdings. Its most notable exit was Liberty Global Class A, an estimated $55.2M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, up from 18% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Palestra Capital Management opened a new position in Openlane worth $54M.
- Palestra Capital Management's largest Q1 2015 buy was Openlane: 3,764,190 shares worth $54M.
- Palestra Capital Management added most to Liberty Global Class C in Q1 2015, an estimated $47.2M increase.
- Palestra Capital Management's biggest Q1 2015 reduction was Andeavor, cutting an estimated $30.3M.
- Palestra Capital Management fully exited Liberty Global Class A in Q1 2015, selling an estimated $55.2M.
- Palestra Capital Management's ten largest holdings make up 46% of its $1.14B portfolio in Q1 2015.
- Palestra Capital Management opened 9 new positions and closed 9 in Q1 2015.
- Palestra Capital Management's portfolio value fell 0.72% quarter-over-quarter to $1.14B.
Based on Palestra Capital Management's 13F filing for Q1 2015, filed 15 May 2015.