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PCM
Palestra Capital Management Portfolio holdings
AUM
$2.57B
1-Year Est. Return
29.93%
This Fund
S&P 500
This Quarter
Est. Return
+9.03%
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
$1.25B
AUM Growth
+$189M
(+18%)
Cap. Flow
+$129M
Cap. Flow
% of AUM
10.32%
Top 10 Holdings %
Top 10 Hldgs %
54.46%
Holding
38
New
13
Increased
8
Reduced
4
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IQVIA
IQV
|
+$55.6M |
| 2 |
Williams Companies
WMB
|
+$55M |
| 3 |
Sherwin-Williams
SHW
|
+$50.4M |
| 4 |
Expedia Group
EXPE
|
+$49.8M |
| 5 |
Microsoft
MSFT
|
+$48.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Global Payments
GPN
|
+$47M |
| 2 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$43.1M |
| 3 |
OPLN
Openlane
OPLN
|
+$42.6M |
| 4 |
Netflix
NFLX
|
+$40.9M |
| 5 |
Coca-Cola Europacific Partners
CCEP
|
+$39M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.12% |
| 2 | Communication Services | 19% |
| 3 | Consumer Discretionary | 16.37% |
| 4 | Materials | 9.16% |
| 5 | Energy | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Autodesk
ADSK
$49.6B
| – | – |
-587,342
| Closed | -$34.2M |
|
27
Bread Financial
BFH
$4.48B
| – | – |
-200,229
| Closed | -$35.2M |
|
|
28
Coca-Cola Europacific Partners
CCEP
$47.8B
| – | – |
-769,141
| Closed | -$39M |
|
29
PUT
ConocoPhillips
COP
$145B
| – | – |
-685,000
| Closed | -$27.6M |
|
|
30
Global Payments
GPN
$23.6B
| – | – |
-720,000
| Closed | -$47M |
|
|
OPLN
31
Openlane
OPLN
$4.36B
| – | – |
-2,949,529
| Closed | -$42.6M |
|
32
Liberty Global Class A
LBTYA
$3.71B
| – | – |
-789,823
| Closed | -$26.5M |
|
33
Liberty Global Class C
LBTYK
$3.63B
| – | – |
-658,253
| Closed | -$21.5M |
|
34
McDonald's
MCD
$188B
| – | – |
-268,400
| Closed | -$33.7M |
|
|
35
Netflix
NFLX
$305B
| – | – |
-4,005,000
| Closed | -$40.9M |
|
|
INFO
36
DELISTED
IHS Markit Ltd. Common Shares
INFO
| – | – |
-831,750
| Closed | -$29.4M |
|
|
IHS
37
DELISTED
IHS INC CL-A COM STK
IHS
| – | – |
-142,000
| Closed | -$17.6M |
|
|
MHFI
38
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| – | – |
-435,100
| Closed | -$43.1M |
|
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Palestra Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Palestra Capital Management held 38 positions worth $1.25B, up 18% from $1.06B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Palestra Capital Management deployed $129M of net new capital in Q2 2016, opening 13 new positions and adding to 8 existing holdings. Its largest new stake was IQVIA: 830,000 shares worth $54.2M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was SS&C Technologies, an estimated $11.3M trimmed.
- Palestra Capital Management's largest Q2 2016 buy was IQVIA: 830,000 shares worth $54.2M.
- Palestra Capital Management added most to Lithia Motors in Q2 2016, an estimated $32.8M increase.
- Palestra Capital Management's biggest Q2 2016 reduction was SS&C Technologies, cutting an estimated $11.3M.
- Palestra Capital Management fully exited Global Payments in Q2 2016, selling an estimated $47M.
- Palestra Capital Management's ten largest holdings make up 54% of its $1.25B portfolio in Q2 2016.
- Palestra Capital Management opened 13 new positions and closed 13 in Q2 2016.
- Palestra Capital Management's portfolio value rose 18% quarter-over-quarter to $1.25B.
Based on Palestra Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.