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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
+9.64%
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
$864M
AUM Growth
-$174M
Cap. Flow
-$250M
Cap. Flow %
-28.91%
Top 10 Hldgs %
66.7%
Holding
27
New
4
Increased
7
Reduced
10
Closed
6

Top Buys

Rank Stock Value
1
CCI icon
Crown Castle
CCI
+$27.2M
2
LBTYA icon
Liberty Global Class A
LBTYA
+$27M
3
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$17.2M
4
TDG icon
TransDigm Group
TDG
+$11.2M
5
OPLN
Openlane
OPLN
+$10.1M

Top Sells

Rank Stock Value
1
APD icon
Air Products & Chemicals
APD
+$50.4M
2
GPN icon
Global Payments
GPN
+$43.2M
3
DYN
Dynegy, Inc.
DYN
+$41.2M
4
UAL icon
United Airlines
UAL
+$36.8M
5
VMC icon
Vulcan Materials
VMC
+$29.9M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.02%
2 Communication Services 22.81%
3 Financials 10.89%
4 Technology 10.77%
5 Materials 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DYN
26
DELISTED
Dynegy, Inc.
DYN
– –
-1,992,300
Closed -$41.2M
ARG
27
DELISTED
Airgas Inc
ARG
– –
-230,000
Closed -$20.5M
1
2

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Palestra Capital Management's Q4 2015 Portfolio in Review

As of Q4 2015, Palestra Capital Management held 27 positions worth $864M, down 17% from $1.04B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Palestra Capital Management withdrew a net $250M in Q4 2015, closing 6 positions and reducing 10 holdings. Its most notable exit was Air Products & Chemicals, an estimated $50.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 23% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Palestra Capital Management opened a new position in Crown Castle worth $27.7M.

  • Palestra Capital Management's largest Q4 2015 buy was Crown Castle: 320,800 shares worth $27.7M.
  • Palestra Capital Management added most to Liberty Global Class A in Q4 2015, an estimated $27M increase.
  • Palestra Capital Management's biggest Q4 2015 reduction was Vulcan Materials, cutting an estimated $29.9M.
  • Palestra Capital Management fully exited Air Products & Chemicals in Q4 2015, selling an estimated $50.4M.
  • Palestra Capital Management's ten largest holdings make up 67% of its $864M portfolio in Q4 2015.
  • Palestra Capital Management opened 4 new positions and closed 6 in Q4 2015.
  • Palestra Capital Management's portfolio value fell 17% quarter-over-quarter to $864M.

Based on Palestra Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.