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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
+6.26%
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
$1.3B
AUM Growth
-$19.1M
Cap. Flow
-$88.1M
Cap. Flow %
-6.77%
Top 10 Hldgs %
57.75%
Holding
30
New
8
Increased
4
Reduced
11
Closed
7

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$69.3M
2
HLT icon
Hilton Worldwide
HLT
+$68.5M
3
WP
Worldpay, Inc.
WP
+$62.5M
4
UNVR
Univar Solutions Inc.
UNVR
+$44.7M
5
DD icon
DuPont de Nemours
DD
+$42.7M

Top Sells

Rank Stock Value
1
SHW icon
Sherwin-Williams
SHW
+$73.8M
2
UNP icon
Union Pacific
UNP
+$59.6M
3
WFC icon
Wells Fargo
WFC
+$57.5M
4
ADNT icon
Adient
ADNT
+$52.7M
5
WMB icon
Williams Companies
WMB
+$49.9M

Sector Composition

Rank Sector Weight
1 Technology 23.77%
2 Communication Services 20.86%
3 Materials 18.05%
4 Consumer Discretionary 15.97%
5 Financials 5.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SHW icon
26
Sherwin-Williams
SHW
$83.7B
– –
-714,000
Closed -$73.8M
UNP icon
27
Union Pacific
UNP
$172B
– –
-563,115
Closed -$59.6M
WFC icon
28
Wells Fargo
WFC
$258B
– –
-1,032,200
Closed -$57.5M
WMB icon
29
Williams Companies
WMB
$86.7B
– –
-1,685,000
Closed -$49.9M
CSC
30
DELISTED
Computer Sciences
CSC
– –
-455,000
Closed -$31.4M
1
2

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DCM
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RG
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Palestra Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Palestra Capital Management held 30 positions worth $1.3B, down 1.4% from $1.32B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Palestra Capital Management withdrew a net $88.1M in Q2 2017, closing 7 positions and reducing 11 holdings. Its most notable exit was Sherwin-Williams, an estimated $73.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Palestra Capital Management opened a new position in Walmart Inc worth $68.9M.

  • Palestra Capital Management's largest Q2 2017 buy was Walmart Inc: 2,730,000 shares worth $68.9M.
  • Palestra Capital Management added most to T-Mobile US in Q2 2017, an estimated $39.2M increase.
  • Palestra Capital Management's biggest Q2 2017 reduction was Praxair Inc, cutting an estimated $37.2M.
  • Palestra Capital Management fully exited Sherwin-Williams in Q2 2017, selling an estimated $73.8M.
  • Palestra Capital Management's ten largest holdings make up 58% of its $1.3B portfolio in Q2 2017.
  • Palestra Capital Management opened 8 new positions and closed 7 in Q2 2017.
  • Palestra Capital Management's portfolio value fell 1.4% quarter-over-quarter to $1.3B.

Based on Palestra Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.