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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
+5.35%
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
$2.16B
AUM Growth
-$127M
Cap. Flow
-$215M
Cap. Flow %
-9.95%
Top 10 Hldgs %
66.61%
Holding
26
New
2
Increased
12
Reduced
5
Closed
7

Top Buys

Rank Stock Value
1
HLT icon
Hilton Worldwide
HLT
+$121M
2
WYNN icon
Wynn Resorts
WYNN
+$93.8M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$82.3M
4
BABA icon
Alibaba
BABA
+$63.4M
5
TMUS icon
T-Mobile US
TMUS
+$53.1M

Top Sells

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$127M
2
QSR icon
Restaurant Brands International
QSR
+$123M
3
META icon
Meta Platforms (Facebook)
META
+$117M
4
DLPH
Delphi Technologies PLC Ordinary Shares
DLPH
+$81.6M
5
EA
Electronic Arts
EA
+$80.9M

Sector Composition

Rank Sector Weight
1 Communication Services 33.39%
2 Consumer Discretionary 24.46%
3 Technology 19.36%
4 Industrials 12.76%
5 Financials 4.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DLPH
26
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
– –
-1,794,012
Closed -$81.6M
1
2

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Palestra Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Palestra Capital Management held 26 positions worth $2.16B, down 5.6% from $2.29B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Palestra Capital Management withdrew a net $215M in Q3 2018, closing 7 positions and reducing 5 holdings. Its most notable exit was DuPont de Nemours, an estimated $127M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 33% of assets, down from 34% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Palestra Capital Management opened a new position in Hilton Worldwide worth $124M.

  • Palestra Capital Management's largest Q3 2018 buy was Hilton Worldwide: 1,540,000 shares worth $124M.
  • Palestra Capital Management added most to Alphabet (Google) Class A in Q3 2018, an estimated $82.3M increase.
  • Palestra Capital Management's biggest Q3 2018 reduction was Global Payments, cutting an estimated $51M.
  • Palestra Capital Management fully exited DuPont de Nemours in Q3 2018, selling an estimated $127M.
  • Palestra Capital Management's ten largest holdings make up 67% of its $2.16B portfolio in Q3 2018.
  • Palestra Capital Management opened 2 new positions and closed 7 in Q3 2018.
  • Palestra Capital Management's portfolio value fell 5.6% quarter-over-quarter to $2.16B.

Based on Palestra Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.