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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
+11.62%
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
$1.05B
AUM Growth
-$194M
Cap. Flow
-$302M
Cap. Flow %
-28.69%
Top 10 Hldgs %
61.66%
Holding
31
New
6
Increased
6
Reduced
10
Closed
9

Top Buys

Rank Stock Value
1
SABR icon
Sabre
SABR
+$56.5M
2
TTWO icon
Take-Two Interactive
TTWO
+$41.7M
3
AMTD
TD Ameritrade Holding Corp
AMTD
+$37.4M
4
CAG icon
Conagra Brands
CAG
+$33.4M
5
CPAY icon
Corpay
CPAY
+$30.4M

Top Sells

Rank Stock Value
1
CCI icon
Crown Castle
CCI
+$57M
2
IQV icon
IQVIA
IQV
+$54.2M
3
MSFT icon
Microsoft
MSFT
+$47.8M
4
SEMG
SEMGROUP CORPORATION
SEMG
+$40.3M
5
NWL icon
Newell Brands
NWL
+$39.9M

Sector Composition

Rank Sector Weight
1 Technology 30.3%
2 Consumer Discretionary 17.08%
3 Communication Services 14.62%
4 Materials 10.88%
5 Consumer Staples 8.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IQV icon
26
IQVIA
IQV
$38.3B
– –
-830,000
Closed -$54.2M
MSFT icon
27
Microsoft
MSFT
$3.71T
– –
-935,000
Closed -$47.8M
SBUX icon
28
PUT
Starbucks
SBUX
$120B
– –
-650,000
Closed -$37.1M
TMUS icon
29
T-Mobile US
TMUS
$193B
– –
-815,000
Closed -$35.3M
CDK
30
DELISTED
CDK Global, Inc.
CDK
– –
-483,000
Closed -$26.8M
SEMG
31
DELISTED
SEMGROUP CORPORATION
SEMG
– –
-1,236,898
Closed -$40.3M
1
2

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Palestra Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Palestra Capital Management held 31 positions worth $1.05B, down 16% from $1.25B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Palestra Capital Management withdrew a net $302M in Q3 2016, closing 9 positions and reducing 10 holdings. Its most notable exit was Crown Castle, an estimated $57M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Palestra Capital Management opened a new position in Sabre worth $57.1M.

  • Palestra Capital Management's largest Q3 2016 buy was Sabre: 2,025,000 shares worth $57.1M.
  • Palestra Capital Management added most to Sherwin-Williams in Q3 2016, an estimated $27.5M increase.
  • Palestra Capital Management's biggest Q3 2016 reduction was Newell Brands, cutting an estimated $39.9M.
  • Palestra Capital Management fully exited Crown Castle in Q3 2016, selling an estimated $57M.
  • Palestra Capital Management's ten largest holdings make up 62% of its $1.05B portfolio in Q3 2016.
  • Palestra Capital Management opened 6 new positions and closed 9 in Q3 2016.
  • Palestra Capital Management's portfolio value fell 16% quarter-over-quarter to $1.05B.

Based on Palestra Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.