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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
-5.14%
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
$1.04B
AUM Growth
+$13.4M
Cap. Flow
+$103M
Cap. Flow %
9.96%
Top 10 Hldgs %
55.99%
Holding
28
New
5
Increased
15
Reduced
3
Closed
5

Top Buys

Rank Stock Value
1
VMC icon
Vulcan Materials
VMC
+$58M
2
APD icon
Air Products & Chemicals
APD
+$54.3M
3
AMZN icon
Amazon
AMZN
+$32.7M
4
DLTR icon
Dollar Tree
DLTR
+$22.9M
5
ARG
Airgas Inc
ARG
+$22.8M

Top Sells

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$58.1M
2
LNG icon
Cheniere Energy
LNG
+$45.4M
3
CP icon
Canadian Pacific Kansas City
CP
+$39.8M
4
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$39.6M
5
BNY
Bank of New York Mellon
BNY
+$20.4M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 22.95%
2 Communication Services 16.21%
3 Materials 14.99%
4 Technology 9.78%
5 Industrials 9.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CP icon
26
Canadian Pacific Kansas City
CP
$80.9B
– –
-1,241,520
Closed -$39.8M
LNG icon
27
Cheniere Energy
LNG
$54.4B
– –
-655,800
Closed -$45.4M
TWC
28
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-222,500
Closed -$39.6M
1
2

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Palestra Capital Management's Q3 2015 Portfolio in Review

As of Q3 2015, Palestra Capital Management held 28 positions worth $1.04B, up 1.3% from $1.02B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Palestra Capital Management deployed $103M of net new capital in Q3 2015, opening 5 new positions and adding to 15 existing holdings. Its largest new stake was Vulcan Materials: 622,500 shares worth $55.5M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, up from 19% a quarter earlier, followed by Communication Services and Materials.

On the sell side, the largest reduction was SS&C Technologies, an estimated $14.7M trimmed.

  • Palestra Capital Management's largest Q3 2015 buy was Vulcan Materials: 622,500 shares worth $55.5M.
  • Palestra Capital Management added most to Dollar Tree in Q3 2015, an estimated $22.9M increase.
  • Palestra Capital Management's biggest Q3 2015 reduction was SS&C Technologies, cutting an estimated $14.7M.
  • Palestra Capital Management fully exited Baidu in Q3 2015, selling an estimated $58.1M.
  • Palestra Capital Management's ten largest holdings make up 56% of its $1.04B portfolio in Q3 2015.
  • Palestra Capital Management opened 5 new positions and closed 5 in Q3 2015.
  • Palestra Capital Management's portfolio value rose 1.3% quarter-over-quarter to $1.04B.

Based on Palestra Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.