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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
-0.86%
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
$1.02B
AUM Growth
-$114M
Cap. Flow
-$92M
Cap. Flow %
-8.99%
Top 10 Hldgs %
50.88%
Holding
32
New
4
Increased
9
Reduced
10
Closed
9

Top Buys

Rank Stock Value
1
PTC icon
PTC
PTC
+$50M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$36.9M
3
WBS icon
Webster Financial
WBS
+$30.9M
4
BIDU icon
Baidu
BIDU
+$23.4M
5
BNY
Bank of New York Mellon
BNY
+$20.7M

Top Sells

Rank Stock Value
1
LPLA icon
LPL Financial
LPLA
+$49.9M
2
RKT
ROCK-TENN COMPANY CL-A
RKT
+$38.5M
3
SABR icon
Sabre
SABR
+$36.2M
4
AAP icon
Advance Auto Parts
AAP
+$35M
5
SEE
Sealed Air
SEE
+$33.1M

Sector Composition

Rank Sector Weight
1 Communication Services 22.12%
2 Consumer Discretionary 18.52%
3 Technology 11.5%
4 Industrials 11.09%
5 Financials 9.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LBRDK icon
26
Liberty Broadband Class C
LBRDK
$5.17B
– –
-296,428
Closed -$16.8M
LPLA icon
27
LPL Financial
LPLA
$27.9B
– –
-1,136,861
Closed -$49.9M
MU icon
28
Micron Technology
MU
$1.01T
– –
-1,013,020
Closed -$27.5M
SABR icon
29
Sabre
SABR
$838M
– –
-1,491,196
Closed -$36.2M
SEE
30
DELISTED
Sealed Air
SEE
– –
-726,007
Closed -$33.1M
ANDV
31
DELISTED
Andeavor
ANDV
– –
-230,066
Closed -$21M
RKT
32
DELISTED
ROCK-TENN COMPANY CL-A
RKT
– –
-596,500
Closed -$38.5M
1
2

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RG
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Palestra Capital Management's Q2 2015 Portfolio in Review

As of Q2 2015, Palestra Capital Management held 32 positions worth $1.02B, down 10% from $1.14B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Palestra Capital Management withdrew a net $92M in Q2 2015, closing 9 positions and reducing 10 holdings. Its most notable exit was LPL Financial, an estimated $49.9M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 22% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Palestra Capital Management opened a new position in PTC worth $51.9M.

  • Palestra Capital Management's largest Q2 2015 buy was PTC: 1,265,016 shares worth $51.9M.
  • Palestra Capital Management added most to Baidu in Q2 2015, an estimated $23.4M increase.
  • Palestra Capital Management's biggest Q2 2015 reduction was Lithia Motors, cutting an estimated $24.9M.
  • Palestra Capital Management fully exited LPL Financial in Q2 2015, selling an estimated $49.9M.
  • Palestra Capital Management's ten largest holdings make up 51% of its $1.02B portfolio in Q2 2015.
  • Palestra Capital Management opened 4 new positions and closed 9 in Q2 2015.
  • Palestra Capital Management's portfolio value fell 10% quarter-over-quarter to $1.02B.

Based on Palestra Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.