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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
+19.71%
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
$3.06B
AUM Growth
+$972M
Cap. Flow
+$590M
Cap. Flow %
19.32%
Top 10 Hldgs %
53.61%
Holding
30
New
11
Increased
4
Reduced
9
Closed
6

Top Buys

Rank Stock Value
1
BKI
Black Knight, Inc. Common Stock
BKI
+$151M
2
DIS icon
Walt Disney
DIS
+$140M
3
OPTU
Optimum Communications Inc
OPTU
+$120M
4
BKNG icon
Booking.com
BKNG
+$116M
5
V icon
Visa
V
+$105M

Top Sells

Rank Stock Value
1
FDC
First Data Corporation
FDC
+$173M
2
SHW icon
Sherwin-Williams
SHW
+$106M
3
SSNC icon
SS&C Technologies
SSNC
+$104M
4
TMUS icon
T-Mobile US
TMUS
+$76.8M
5
BA icon
Boeing
BA
+$71.3M

Sector Composition

Rank Sector Weight
1 Communication Services 34.47%
2 Technology 21.76%
3 Industrials 13.44%
4 Consumer Discretionary 13.35%
5 Consumer Staples 5.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MGM icon
26
MGM Resorts International
MGM
$11.2B
– –
-17,000
Closed -$412K
RJF icon
27
Raymond James Financial
RJF
$34B
– –
-11,250
Closed -$558K
SHW icon
28
Sherwin-Williams
SHW
$89.8B
– –
-804,600
Closed -$106M
SSNC icon
29
SS&C Technologies
SSNC
$18.6B
– –
-2,310,500
Closed -$104M
FDC
30
DELISTED
First Data Corporation
FDC
– –
-10,240,000
Closed -$173M
1
2

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Palestra Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Palestra Capital Management held 30 positions worth $3.06B, up 47% from $2.08B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Palestra Capital Management deployed $590M of net new capital in Q1 2019, opening 11 new positions and adding to 4 existing holdings. Its largest new stake was Black Knight, Inc. Common Stock: 2,995,325 shares worth $163M.

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

On the sell side, the largest reduction was T-Mobile US, an estimated $76.8M trimmed.

  • Palestra Capital Management's largest Q1 2019 buy was Black Knight, Inc. Common Stock: 2,995,325 shares worth $163M.
  • Palestra Capital Management added most to Take-Two Interactive in Q1 2019, an estimated $93.5M increase.
  • Palestra Capital Management's biggest Q1 2019 reduction was T-Mobile US, cutting an estimated $76.8M.
  • Palestra Capital Management fully exited First Data Corporation in Q1 2019, selling an estimated $173M.
  • Palestra Capital Management's ten largest holdings make up 54% of its $3.06B portfolio in Q1 2019.
  • Palestra Capital Management opened 11 new positions and closed 6 in Q1 2019.
  • Palestra Capital Management's portfolio value rose 47% quarter-over-quarter to $3.06B.

Based on Palestra Capital Management's 13F filing for Q1 2019, filed 15 May 2019.