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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
-2.13%
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
$1.06B
AUM Growth
+$193M
Cap. Flow
+$172M
Cap. Flow %
16.28%
Top 10 Hldgs %
55.35%
Holding
32
New
11
Increased
7
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
FIS icon
Fidelity National Information Services
FIS
+$75M
2
NWL icon
Newell Brands
NWL
+$68M
3
GPN icon
Global Payments
GPN
+$42.7M
4
NFLX icon
Netflix
NFLX
+$39.3M
5
CCEP icon
Coca-Cola Europacific Partners
CCEP
+$37.1M

Top Sells

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$47.6M
2
MCD icon
McDonald's
MCD
+$39.2M
3
WBS icon
Webster Financial
WBS
+$35.5M
4
AMZN icon
Amazon
AMZN
+$35.5M
5
SBAC icon
SBA Communications
SBAC
+$35.3M

Sector Composition

Rank Sector Weight
1 Communication Services 25.25%
2 Technology 21.19%
3 Consumer Discretionary 16.25%
4 Consumer Staples 10.97%
5 Financials 7.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
26
Amazon
AMZN
$2.98T
– –
-1,049,000
Closed -$35.5M
DLTR icon
27
Dollar Tree
DLTR
$25.1B
– –
-615,800
Closed -$47.6M
SBAC icon
28
SBA Communications
SBAC
$19.6B
– –
-335,850
Closed -$35.3M
TDG icon
29
TransDigm Group
TDG
$67.6B
– –
-49,598
Closed -$11.3M
VMC icon
30
Vulcan Materials
VMC
$36.9B
– –
-313,626
Closed -$29.8M
WBS icon
31
Webster Financial
WBS
$12.8B
– –
-954,296
Closed -$35.5M
TWC
32
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-92,900
Closed -$17.2M
1
2

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Palestra Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Palestra Capital Management held 32 positions worth $1.06B, up 22% from $864M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Palestra Capital Management deployed $172M of net new capital in Q1 2016, opening 11 new positions and adding to 7 existing holdings. Its largest new stake was Fidelity National Information Services: 1,250,000 shares worth $79.1M.

By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 23% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was McDonald's, an estimated $39.2M trimmed.

  • Palestra Capital Management's largest Q1 2016 buy was Fidelity National Information Services: 1,250,000 shares worth $79.1M.
  • Palestra Capital Management added most to Alphabet (Google) Class A in Q1 2016, an estimated $31.9M increase.
  • Palestra Capital Management's biggest Q1 2016 reduction was McDonald's, cutting an estimated $39.2M.
  • Palestra Capital Management fully exited Dollar Tree in Q1 2016, selling an estimated $47.6M.
  • Palestra Capital Management's ten largest holdings make up 55% of its $1.06B portfolio in Q1 2016.
  • Palestra Capital Management opened 11 new positions and closed 7 in Q1 2016.
  • Palestra Capital Management's portfolio value rose 22% quarter-over-quarter to $1.06B.

Based on Palestra Capital Management's 13F filing for Q1 2016, filed 16 May 2016.