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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
+11.14%
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
$1.32B
AUM Growth
-$459M
Cap. Flow
-$579M
Cap. Flow %
-43.85%
Top 10 Hldgs %
57.25%
Holding
26
New
4
Increased
6
Reduced
9
Closed
4

Top Buys

Rank Stock Value
1
CPAY icon
Corpay
CPAY
+$76M
2
V icon
Visa
V
+$72.7M
3
UNP icon
Union Pacific
UNP
+$60.1M
4
PX
Praxair Inc
PX
+$44.7M
5
FMC icon
FMC
FMC
+$40.8M

Top Sells

Rank Stock Value
1
FIS icon
Fidelity National Information Services
FIS
+$47.7M
2
MDLZ icon
Mondelez International
MDLZ
+$46.1M
3
MON
Monsanto Co
MON
+$46M
4
CAG icon
Conagra Brands
CAG
+$36.9M
5
CSC
Computer Sciences
CSC
+$31.7M

Sector Composition

Rank Sector Weight
1 Technology 22.82%
2 Communication Services 16.97%
3 Materials 16.84%
4 Consumer Discretionary 15.15%
5 Financials 11.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MON
26
DELISTED
Monsanto Co
MON
– –
-437,444
Closed -$46M
1
2

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Palestra Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Palestra Capital Management held 26 positions worth $1.32B, down 26% from $1.78B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Palestra Capital Management withdrew a net $579M in Q1 2017, closing 4 positions and reducing 9 holdings. Its most notable exit was Mondelez International, an estimated $46.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 13% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Palestra Capital Management opened a new position in Corpay worth $73.4M.

  • Palestra Capital Management's largest Q1 2017 buy was Corpay: 485,000 shares worth $73.4M.
  • Palestra Capital Management added most to Praxair Inc in Q1 2017, an estimated $44.7M increase.
  • Palestra Capital Management's biggest Q1 2017 reduction was Fidelity National Information Services, cutting an estimated $47.7M.
  • Palestra Capital Management fully exited Mondelez International in Q1 2017, selling an estimated $46.1M.
  • Palestra Capital Management's ten largest holdings make up 57% of its $1.32B portfolio in Q1 2017.
  • Palestra Capital Management opened 4 new positions and closed 4 in Q1 2017.
  • Palestra Capital Management's portfolio value fell 26% quarter-over-quarter to $1.32B.

Based on Palestra Capital Management's 13F filing for Q1 2017, filed 15 May 2017.