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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
-15.04%
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
$2.08B
AUM Growth
-$76.7M
Cap. Flow
+$196M
Cap. Flow %
9.41%
Top 10 Hldgs %
74.76%
Holding
26
New
7
Increased
8
Reduced
4
Closed
7

Top Buys

Rank Stock Value
1
CPAY icon
Corpay
CPAY
+$162M
2
WP
Worldpay, Inc.
WP
+$152M
3
CPRT icon
Copart
CPRT
+$130M
4
SHW icon
Sherwin-Williams
SHW
+$109M
5
FDC
First Data Corporation
FDC
+$107M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$156M
2
TIF
Tiffany & Co.
TIF
+$109M
3
SPOT icon
Spotify
SPOT
+$99.1M
4
RJF icon
Raymond James Financial
RJF
+$92.9M
5
MGM icon
MGM Resorts International
MGM
+$81.4M

Sector Composition

Rank Sector Weight
1 Communication Services 32.33%
2 Industrials 25.45%
3 Technology 24.13%
4 Consumer Discretionary 6.56%
5 Materials 5.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TIF
26
DELISTED
Tiffany & Co.
TIF
– –
-846,000
Closed -$109M
1
2

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Palestra Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Palestra Capital Management held 26 positions worth $2.08B, down 3.5% from $2.16B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Palestra Capital Management deployed $196M of net new capital in Q4 2018, opening 7 new positions and adding to 8 existing holdings. Its largest new stake was Corpay: 830,700 shares worth $154M.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 33% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Raymond James Financial, an estimated $92.9M trimmed.

  • Palestra Capital Management's largest Q4 2018 buy was Corpay: 830,700 shares worth $154M.
  • Palestra Capital Management added most to First Data Corporation in Q4 2018, an estimated $107M increase.
  • Palestra Capital Management's biggest Q4 2018 reduction was Raymond James Financial, cutting an estimated $92.9M.
  • Palestra Capital Management fully exited Alibaba in Q4 2018, selling an estimated $156M.
  • Palestra Capital Management's ten largest holdings make up 75% of its $2.08B portfolio in Q4 2018.
  • Palestra Capital Management opened 7 new positions and closed 7 in Q4 2018.
  • Palestra Capital Management's portfolio value fell 3.5% quarter-over-quarter to $2.08B.

Based on Palestra Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.