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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
+5.41%
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
$2.29B
AUM Growth
+$482M
Cap. Flow
+$410M
Cap. Flow %
17.93%
Top 10 Hldgs %
53.33%
Holding
26
New
7
Increased
9
Reduced
8
Closed
2

Top Buys

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$90.6M
2
RJF icon
Raymond James Financial
RJF
+$88.7M
3
PAGS icon
PagSeguro Digital
PAGS
+$69.9M
4
GPN icon
Global Payments
GPN
+$68.9M
5
TTWO icon
Take-Two Interactive
TTWO
+$63.8M

Top Sells

Rank Stock Value
1
CPAY icon
Corpay
CPAY
+$85.1M
2
ADSK icon
Autodesk
ADSK
+$77M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$31.6M
4
FDC
First Data Corporation
FDC
+$29.5M
5
MSFT icon
Microsoft
MSFT
+$22.3M

Sector Composition

Rank Sector Weight
1 Communication Services 33.72%
2 Consumer Discretionary 22.52%
3 Technology 15.78%
4 Industrials 12.65%
5 Materials 5.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CPAY icon
26
Corpay
CPAY
$25.8B
– –
-420,200
Closed -$85.1M
1
2

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Palestra Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Palestra Capital Management held 26 positions worth $2.29B, up 27% from $1.8B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Palestra Capital Management deployed $410M of net new capital in Q2 2018, opening 7 new positions and adding to 9 existing holdings. Its largest new stake was Norfolk Southern: 620,000 shares worth $93.5M.

By sector, the portfolio is most concentrated in Communication Services at 34% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $31.6M trimmed.

  • Palestra Capital Management's largest Q2 2018 buy was Norfolk Southern: 620,000 shares worth $93.5M.
  • Palestra Capital Management added most to Restaurant Brands International in Q2 2018, an estimated $48M increase.
  • Palestra Capital Management's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $31.6M.
  • Palestra Capital Management fully exited Corpay in Q2 2018, selling an estimated $85.1M.
  • Palestra Capital Management's ten largest holdings make up 53% of its $2.29B portfolio in Q2 2018.
  • Palestra Capital Management opened 7 new positions and closed 2 in Q2 2018.
  • Palestra Capital Management's portfolio value rose 27% quarter-over-quarter to $2.29B.

Based on Palestra Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.